Over the years, there have been a number of positive changes in Dubai’s real estate sector. One of the most important developments was undoubtedly the 2002 ruling that allowed foreign ownership of properties in freehold areas of Dubai. This was followed by the enactment of a law that made escrow accounts compulsory for those Dubai developers selling off-plan properties. These accounts provided significant security to buyers, instilling in them greater confidence to invest in Dubai real estate.

In consequence, Dubai property sector matured rapidly. Some signs of a healthy and mature real estate market are stability in property prices, increased transparency in real estate laws, protection of investor’s rights and greater competition among developers.

With all this being implemented, Dubai real estate sector was bound to attract a substantial amount of investment. Dubai has become well known all over the world for constantly introducing world class projects that offer unique opportunities, strong mass appeal, and high returns with a mixture of excitement and enthusiasm.

Efforts by the Government of Dubai to establish a regulatory framework through Real Estate Regulatory Authority and Dubai Land Authority that addresses company laws, financial laws and real estate laws has given both private and institutional investors greater confidence in investing in Dubai.

As always, a solid regulatory foundation is critical to encourage foreign investment anywhere. The rulers and Government of Dubai have always sought to promote a strong natural association between Dubai and luxury. As a result most real estate developments from hotels to resorts to apartments and villas have focused on the premium segment of high net worth individuals and families. Additionally, with the increased land and construction costs in Dubai, developers have chosen to develop projects at the luxury level to make them more economically viable.

Research has proved that there exists strong end-user and investor demand for lifestyle themed projects both locally and internationally. For instance, golf and waterfront projects have tremendous lifestyle appeal and consequently have become a significant part of Dubai’s development strategy. These luxury custom homes on the waterfront or in exclusive themed localities come fully landscaped providing such elements as resort style swimming pools, manicured gardens, outdoor seating areas and expansive patios for dining and entertaining. With a large number of villas already sold out, it has created a successful impact on those buyers who are looking for a unique property roposition.

Representing the wave of the future, resort homes provide residents with the experience of living in a first class resort all through the year. These homes have been designed by architects, interior designers and landscape planners from the hotel and resort industry. So the quality of finish and attention to detail in these resort villas could very well be compared to those found in first class hotels or resorts. To complete the overall experience, these villas come with a dedicated concierge service. It is these features that will distinguish resort homes from conventional housing.

Coldwell Banker is one of the oldest real estate firms in the world. The company was formed in 1906 in the USA and takes its name from the partnership of Colbert Coldwell and Benjamin Banker. Today it has an international presence in most of the world’s real estate hotspots. The firm’s commitment to customer service and professionalism continue to be the cornerstones of its business philosophy. We believe that our progress depends upon yours. Do contact us if you are interested in investing in the Dubai property market, buying or selling in the Dubai real estate market, or want to rent property in Dubai for the short or long term.

At Coldwell Banker, we know the importance of Home in one’s life. When it comes to Dubai homes listing, we don’t have any match. Whether you are looking homes for rent in Dubai or homes for sale in Dubai.

One is often stuck for leads when looking for buyers or sellers in a down market. But it is easy to overlook some of the most obvious sources, simply because we do not keep our eyes, ears and mind open. Consequently a number of opportunities can be lost. If you had not previously considered joining the local real estate investor’s association in your area, now would be a good time to do so. At least you will get a good sense of where the market is heading. This can alternatively also prove to be a useful outlet for networking with other investors. However the most overlooked source for getting property information is from other people, including former clients. So make it a point to contact them once in a while and find out how they are doing. Hopefully they will keep you in mind if they hear about anyone wanting to buy or Dubai property sell.

Sometimes changes take place in people’s lives that create a need to sell real estate assets. Quite often other people have exactly what you are looking for and have a need to sell just when you have a need to buy. Maybe they have too many properties in their inventory, or need to liquidate properties to free up funds for another business. It could also be that expected financing did not come through as planned. There could be a need to relocate to another part of the country, or they didn’t do their homework prior to purchasing and are in over their heads in mortgage debt or some legal crisis. Sometimes the reason for relocating could be very personal, such as a marriage breakup or failing health issues. Some of our best leads came from satisfied clients, and we did not even have to get involved in a bidding war like an auction.

The hardest part about buying properties from people you know is the price negotiations. Your first reaction is to be more than fair, but as a businessman your only concern should be about earning a profit. The investor is a grown person who is responsible for his own actions. You did not put them into their current situation- however you could assist them in correcting it, as long as it is profitable and makes sense to you. This relates to some investors in UAE property today.

If they state that they want to sell the property only to pay off the outstanding loan balances, ask them for the amount of the outstanding balances. If the numbers make sense for the intended use of the property, you can move forward with other the parts of the deal. However, if the payoff balances seem to be abnormally high, tell them that it is their problem that so much is owed against the property, not yours. Some people will make it a practice to borrow out all of the equity in a property, and then try to sell the property for just what is owed against it, leaving the next owner with a property with no equity, because it was purchased at full value. In this case you should find out the facts and then only paying what makes sense according to your intended use. This has happened to some investors of Dubai property.

People who use methods to purchase property under the pretext that they’ll buy the property at your price, but their terms often find themselves in a fix when later they want, or need, to sell but usually can’t without taking a major loss. They get all caught up in the excitement that they discovered a way to purchase a property with no money down, and perhaps even pulled money out up front, but neglected to realize that if everything did not go as planned, or ever considered reselling before sufficient equity was gained in the property, they owe every bit of what the property is worth, and perhaps even more. You should consider buying from them when they need to dump their inventory.

Coldwell Banker, UAE is one of the oldest and most experienced real estate firms in the region. The company’s origins date from 1906. Under the umbrella of Realogy Corporation, NJ the firm’s diversified but related business interests cover everything from real estate brokerage to relocation, feasibility studies, evaluation and market analysis to concierge and title services. So contact us today to see of how we can be of help to you. We can assist in buying or selling, renting or leasing of both commercial property Dubai and residential property. So whether you are looking for Dubai homes or Offices in Dubai, do give us a chance to serve you.

Invest and manage Dubai real estate with the region’s real estate leaders. Coldwell Banker helps you invest in Dubai properties and buy, sell and rent Dubai property. With a team of industry professionals Coldwell Banker caters to all your Dubai real estate needs.

One thing that is clear is that Dubai is certainly at the crossroads between success and failure. Its development model, in the opinion of many, has been questionable with too much efforts concentrated on just three elements- housing, tourism and convention centers. The second part of the problem regards the excessive development that has been done in each, especially hotels and housing. Owners will undoubtedly have their hands full just making sure to get full occupancy in each of these hotels. The sheer number of developments means that competition will ensue, and while the customer will gain, investors will have to wait a long time to recover their investment.

Dubai has gone through many crises in the last year. The real estate slowdown was followed by the loss of jobs, salary cuts and freezes on bonuses, increments and hiring. After the migrant workers and expatriates had left, it affected the whole economy right down to hotels, rentals and shopping. The Dubai World debt crisis further deepened the malaise. This has been followed by a credit crunch by the banks and free fall in the stock exchange. Now efforts are being made to revive the economy, with a loosening of credit control, landlords reducing rents and hotels reducing the room charges to ensure some level of occupancy. In the recently concluded Dubai Festival it was noted that stores were offering deeper discounts and more prize winning draws just to get a good level of business.

Excessive levels of development mean that there is no shortage of decent hotel accommodation, from furnished to unfurnished apartments for rent in Dubai, holiday villas for rent in Dubai for the short or long term. The hope is that with the opening of credit facilities, the construction and real estate sector will be revived. Already this sector has shown some movement, as some firms have merged and others have resumed operations with new work teams and management.

There is also news that two UAE-based developers, namely Bonyan International and Cayan Development have started repossessing units from defaulting customers after having given them grace periods of between six months to one year.  The delinquent customers had shown no signs of paying up. Meanwhile the recession was also affecting the continuity of the projects. The repossessing companies had gone through the entire process as stipulated by RERA (Real Estate Regulatory Agency) in order to repossess the delinquent units.

Such corrections are bound to bring a level of respectability for the law, as well as root out the unscrupulous investors. In the long run it will be good for the reputation of the emirate. Dubai Villas for Rent and Dubai Apartments for Rent continue to be offered at varying rates depending on the location and the types of amenities available.

While the real estate market has shown signs of stabilizing, with selling rates remaining stable for the first quarter 2010, the excess of 25,000 to 30,000 units in the residential sector will definitely bring the market down- or keep it from rising beyond a certain level. Office rents too will have to reduce to entice businesses to come and operate in Dubai. At one point there were 300 new businesses opening up every week, but this is no more the case now. Clearly there is much work to be done before Dubai can revive itself.

With team of Professional and Experienced Real Estate Agents in Dubai, We strives hard to meet your Dubai Property needs. Dubai Real Estate Brokers or Dubai Real Estate Agencies can contact us for the services that we can offer them. We have a dedicated team of property consultants in Dubai or listing agents in Dubai to cater your Dubai real estate needs.