Dubai property prices beginning to witness the Metro effect
The prices of properties located close to metro stations in Dubai are already beginning to rise, marking the first signs of a Metro effect on the property market, reported analysts in Dubai.
The Jumeirah Lakes Towers (JLT) on Sheikh Zayed Road, located directly opposite the Dubai Marina station are being sold for 6.5 percent more than units in buildings located further away. The difference in prices could equate to tens of thousands of dirhams, pointed out a Dubai-based real estate agency.
Several other agencies have also reported to have been receiving enquiries about properties located in proximity to the metro stations. The trend implies that with just three months left for the opening of Metro’s Red Line, home buyers are already beginning to take into consideration the ease of transport when choosing their home.
In the rental market, few mentioned that there was a clear difference in values, which would probably emerge only after the lines open on September 9th. Several residents feared that landlords would take advantage of the locations in proximity to the Metro and raise rents.
The Sales Director at Landmark Properties, Michael, mentioned that units at Indigo Tower, a JLT building near the station, was going for around Dh.800 per square foot, compared to Dh.750 across similar-quality buildings in JLT.
The Head of Property Management at the Dubai-based property portal Gowealthy. com, Andrew Delport, mentioned that units in proximity to the Metro will be the first to recover, once the system was up and running.
Delport considers Dubai Marina to have a similar trend, with the Metro on the Marina side of the freeway. The tenancies are more vibrant here than in other places, offering good value for money.
Dubai Marina is the most popular area for leasing, accounting for 30 percent of new annual lease contracts in Dubai, according to the second quarter 2009 report by Landmark Advisory.
A sales consultant for powerhousedubai.com, Ian Hainey, mentioned that estate agents have been keen to highlight any available access to the Metro. However, so far there has been no drastic difference in rents between properties near the Metro and others. The uncertainty would last until it is known which stations would exactly open on September 9th, and that would have an impact on decision-marking of prospective tenants.
July 2nd, 2009 at 1:18 am
[…] Originally posted here: Dubai property prices beginning to witness the Metro effect […]
July 2nd, 2009 at 12:45 pm
[…] by Joe Manausa on July 2, 2009 Boulder County Weekly Real Estate Activity Index – neilkearney.com 07/02/2009 # New Price Drops # U/C # Sold Median $ of Sold 30-Apr 166 142 125 81 $ 317, … I started this report back in April. The number of homes that went under contract continued to hold strong, which is great news. Fewer homes hit the market this past week than any week since April eppraisal.com National Real Estate Market Analysis Report – estateofthings.com 07/02/2009 Today eppraisal.com released its National Real Estate Market Analysis report for 186 markets across the continental U.S. This report, which tracks median sales price of residential homes, compares data on homes sold in the last three months ending May 2009 with homes sold in the previous three months beginning 105% LTV not working? Let’s try 125%! Unemployment data ahead of the holiday – mortgagenewsclips.com 07/02/2009 When I graduated from Cal with a fresh business degree, I tried to get an apartment in Manhattan. They wouldn’t let me in … to a Prudential Douglas Elliman Real Estate report. Gee, are tougher mortgage requirements … Geithner called the move “a crucial step in our broader efforts to get America’s housing market Curbed IMterview: Jonathan Miller Talks Manhattan Massacre – curbed.com 07/02/2009 As we’ve been known to do, we pinged Jonathan Miller real estate appraiser , Curbed graph guy , blogger , podcaster and, … : so given the decline in new dev. closings, this could actually be the most “accurate” market report … most importantly on this day, the man who prepares Elliman’s quarterly market reportsfor a chat Fiorano 94 Malvasia and Il Postino – dobianchi.wordpress.com 07/02/2009 The story has been told many times but was first recounted famously in English by Eric : somewhere in the 1960s and 70s, … at the Fiorano estate (located in the region of Latium, just north of Rome)? Mold… mold on the covering … . They had been rebottled and relabeled expressly for sale in the U.S. market and they commanded and continue Manhattan Q2 Report Thoughts – urbandigs.com 07/02/2009 A: Due to the lagging nature of these quarterly reports, nothing disclosed here is a surprise; at least not if your reading UrbanDigs.com! … about when it comes to Manhattan real estate. Lets discuss price first, and then move onto sales volume … this is exactly what is going on right now! The thing is, the market today is significantly more active Wal-Mart Stores Stock – wealthdaily.com 07/02/2009 As the world’s biggest retailer with a market cap of over $190 billion, Wal-Mart is more than just a discount store. With its fingers in nearly every area of the economy, the retail behemoth COMMERCIAL REAL ESTATE: Vacancies climb as rents fall – reverseresource.com 07/02/2009 Job loss, foreclosure widen gap between supply and demand Commercial real estate is going through the kind of downturn experienced by the residential market four years ago, with supply outstripping demand and foreclosures on the rise … and more than 11,000 retail jobs have been shed. “If you want to know when commercial real estate will bounce Former Georgia Frontiere mansion in Los Angeles’ Bel-Air area is listed for $29.5M – bergproperties.com 07/02/2009 The massive mansion in Los Angeles’ Bel-Air area that the late St … . In a Big Time Listings exclusive, we can report on the listing of the 10-bedroom mansion at 10410 Bellagio Road in Bel-Air, which hit the market on June 22. Before Buyers: Know What You Need to Know in Making a Contract Offer – helenoliveri.com 07/02/2009 Be it the real estate market in 2009 or any other real estate market for that matter, the structure of a real estate purchase contract offer can be the difference in it being accepted … . What then is the secret in preparing and submitting a contract offer to buy real estate? This is where the value Confronting New Appraisal Rules, Impact on Housing – thewarrenreport.typepad.com 07/02/2009 RISMEDIA, July 2, 2009-(MCT/RISMedia)-When Chad Gartzke put his three-bedroom ranch home in Wauwatosa up for sale for $196,000, … sure she got it. Despite a tough residential real estate market, it looked liked smooth sailing … to reconsider what Gartzke and his real estate agent considered a flawed valuation, they were left to try The Neighborhood Report – Lakewood Ranch – thesaundersblog.com 07/02/2009 John Butzko Lakewood RanchSimilar to the regional highs and lows of the national housing market, … and inventories. To help you understand the ongoing dynamics that shape Florida’s Gulf Coast real estate … and trends observed by our team of branch managers. How’s The Market?Gloria Weed, branch manager Oviedo Real Estate Market Update 07/02/09 – forsaleincentralflorida.com 07/02/2009 by Brady Pevehouse on July 2, 2009in Central Florida News This is the market information regarding Oviedo, located in Seminole County Florida.To date there are currently 8 bank owned homes for sale in Oviedo Florida and there are also 112 … sale that sold in pre-Foreclosure.This report provided Bear Market in U.S. Housing to Last Years – rosemanblog.sovereignsociety.com 07/02/2009 Montreal, CanadaThe prospect for a quick residential real estate recovery continues to look dim in 2009 as the market struggles to wind down a … of the battered U.S. real estate market. To be sure, existing house sales have edged higher this spring … homes or too much inventory that will take years to wind down. Probably the most worrisome short-term 18 Your Guide to an Effective Real Estate Marketing: Choose Your Mailing Lists Carefully – marketerssolutions.com 07/02/2009 by M. B. Bradley What do investors regret the most in their first real estate direct marketing campaigns? … . Veteran real estate marketing professionals know fully well how the quality of the mailing lists, drives the success of their real estate direct marketing campaigns. They pay attention their headlines Adsense Meltdown For Many Online Marketers – adsense-pro.com 07/02/2009 Recent changes in the Google Adsense program has many online website owners and marketers seriously concerned … Boulch even published a free report entitled ‘The Death of Adsense”.Many affiliate marketers would Thursday AM Linkage: Market Report Misery Edition – curbed.com 07/02/2009 · Manhattan home sales off record 50 percent Real Deal · Sharp Price Drops in Manhattan Apartments NYT … Bloomberg · Slow Sales, Lower Prices : Manhattan Real Estate’s Reality WSJ · Has the Housing … to the Future on Manhattan Housing: How This Movie Ends NYO · Manhattan residential sales Curbed Roundtable: July State O’ the Market Report – curbed.com 07/02/2009 The Big Four have unleashed their second quarter Manhattan real estate market reports on the world, … or a sign the market has bottomed?), and Corcoran’s Pam Liebman says in the brokerage’s report that once … of calm waters. The numbers differ, but Prudential Douglas Elliman (in a report prepped by Curbed Mortgage Pre-Approval When Buying a House – moneysmartlife.com 07/02/2009 A mortgage pre-approval letter was very helpful for my wife and I when we started looking for houses about 8 months ago. My wife’s mom is a real estate agent, so she helped us every step of the way, but many agents … with a real estate agent. How much home can I afford? Generally, about three times San Carlos Real Estate Report Card: 1H’09. – whiteoaksblog.com 07/02/2009 June Swoon? Not really. There was no swoon in June, but it wasn’t a blowout month either … reflect what I’ve been saying all year — the demand for homes under $1M is dominating our real estate market market this year. In fact, of the 94 homes that sold in San Carlos so far in 2009, 63 Posts about Foreclosures as of July 2, 2009 – reallybetterrealestate.com 07/02/2009 US: Delinquencies Double on Least-Risky Loans – survivalnewsnetwork … , Risky Loans, Risky Mortgages | Category Bryan Ellis on the Explosion In Virtual Real Estate … recognized as a expert in the fields of real estate investing and internet marketing, so it’s no wonder Posts about Real Estate Agency as of July 2, 2009 – reallybetterrealestate.com 07/02/2009 Dubai property prices beginning to witness the Metro effect – loftyvistas … , pointed out a Dubai-based real estate agency . Several other agencies have also reported … , pointed out a Dubai-based real estate agency … announced that all operational management Posts about Real Estate Agency as of July 2, 2009 – reallybetterrealestate.com 07/02/2009 Dubai property prices beginning to witness the Metro effect – loftyvistas … , pointed out a Dubai-based real estate agency . Several other agencies have also reported … , pointed out a Dubai-based real estate agency … announced that all operational management Manhattan Apartment Prices Plummet – huffingtonpost.com 07/02/2009 (AP) — Apartment prices in the typically resilient Manhattan market plunged in the second quarter by the largest annual amount in decades, … of Prudential Douglas Elliman, one of the largest real estate brokerages in New York. Multimillion-dollar … executive of real estate appraisal and consulting firm Miller Samuel Inc., which analyzed Inflation Is Going to Be a Major Problem… But Not Today – eminimaster.com 07/02/2009 Thomas Ryan submits: Inflation is going to be a major problem; just not yet. While the government is issuing record amounts of debt, this total is being overwhelmed by deleveraging and credit destruction for households, businesses and financial companies MORTGAGE RATES AT HIGHEST LEVEL IN SEVEN MONTHS – realestatepick.com 07/02/2009 30-year fixed-rate mortgage: Averaged 5.59 percent with an average 0 … as the May employment report showed that the economy lost fewer jobs than the market consensus had expected … , federal unds futures rose after the report, signaling that the market expects the Federal Reserve may REITS: Alternatives To Buying Real Estate – realestatepick.com 07/02/2009 There are a lot of us that would like to participate in the housing recovery, but wont or cant invest large dollars in a home… … it. There are alternatives to real estate investments that wont take everything you got and they are liquid … real estate investments rather than company stock or bonds as the underlying tradable asset Expert Home Mortgage Information – 1strealestatesearch.com 07/02/2009 by Danny Brooks So you’ve decided to get a Mortgage in Dallas? But do you really know everything about getting a mortgage in your area? … areas for growth out of the entire nation last year. Its a big market and its getting bigger. Last year certainly wasn’t a great year the general real estate market for the nation. One exception Important Mortgage Education – 103loans.com 07/02/2009 by Danny Brooks If your reading this then I guess your looking for a Dallas Mortgage? Great. Dallas is a beautiful great city … it is the fasts growing too. The real estate market here is big and its only going to get bigger. Last year certainly wasn’t a great year the general real estate market for the nation. One exception Expert Home Mortgage Information – good4mortgages.co.uk 07/02/2009 Jul 2nd, 2009by Danny Brooks. by Danny BrooksSo you’ve decided to get a Mortgage in Dallas? … out of the entire nation last year. Its a big market and its getting bigger.In general the real estate market for the entire United States was shocking. The only real exception to this was Texas Home Ownership: Do You Have The Courage To Buy Into This Housing Market? – smartprofitsreport.com 07/02/2009 Thursday, July 2, 2009 by Marc Lichtenfeld, Senior Analyst, … when there’s blood in the streets.” And throughout the real estate market, there is clearly blood … house-hunters looking for bargains and investors looking to “buy on fear.” Real Estate – Buying Twitter Tweets about Android as of July 2, 2009 – androidtastic.com 07/02/2009 paulexy : Surprised that Android browser supports little HTML5 while Google I/O produced so much noises on it ( … : RT @kei_shimada: on Android: DoCoMo to debut its Google phone HTC-03A July 10. Android Market App PRIMARY MORTGAGE INSTITUTION HAS VACANCIES, THURSDAY GUARDIAN, 2 JULY 2009 – nigerianbestforum.com 07/02/2009 VACANCIES A PRIMARY MORTGAGE INSTITUTION WITH HEAD OFFICE IN ABUJA HAS VACANCIES IN THE FOLLOWING POSITION: 1. CHIEF OPERATING OFFICER – ( … KNOWLEDGE OF REAL ESTATE/PROPERTY LAW PRACTICE • 3 YEARS POST CALL EXPERIENCE b. COMPETENCES: • … KNOWLEDGE OF INVESTMENT BANKING AND FINANCIAL INTERMEDIATION INSTRUMENTS. THE COO REPORT DIRECTLY India News that you should not miss – trak.in 07/02/2009 This is our 3rd edition of India News Digest that brings you news that you should not miss … . The Indian Real Estate Market is showing signs of recovery The Stock market is going … in the market. Before that, the confidence and sentiments were very low in the real estate market California Budget and Housing Financial Escapades: $26.3 Billion Budget Deficit with State Issuing Monopoly Money. Housing Still Collapsing. Comprehensive look at Mortgages. – doctorhousingbubble.com 07/02/2009 The state has officially run out of money. The state government unable to govern themselves out of a paper bag missed the fiscal year deadline ( … bubbles with technology and now real estate over the span of two decades to spend beyond its means HDB resale prices up 1.2% – blog.hotvictory.com 07/02/2009 HDB resale prices up 1.2% Surprise increase in index reverses first quarter’s dip to reach new high By Jessica Cheam PRICES of HDB flats have … of last year when it hit just over 139. Market analysts said they were caught off-guard … market rally and brisk private property sales. This has slowed the slide in private property prices URA to release industrial site at Kaki Bukit Road 2 – blog.hotvictory.com 07/02/2009 URA to release industrial site at Kaki Bukit Road 2 (SINGAPORE) The Urban Redevelopment Authority (URA) … in a June 29 report on Singapore’s property market. ‘While the market appears to be pricing in a new economic optimism, the real estate sector is still faced with the dual reality of rental declines 1 Comment – broadcatching.wordpress.com 07/02/2009 THE GREAT AMERICAN BUBBLE MACHINEROLLING STONEMATT TAIBBI From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression – and they’re about to do it againThe first thing you need to know about Goldman Sachs is that it’s everywhere In the best quarter in 68, active funds trail index – indian-mutualfund.blogspot.com 07/02/2009 The past quarter has been the best in 17 years — or 68 quarters — for the Sensex during which the benchmark rallied nearly 50% … from investing in high-beta stocks such as infrastructure, real estate and midcaps. “Both investors A softer slide in private home prices in Q2 – blog.hotvictory.com 07/02/2009 A softer slide in private home prices in Q2 URA flash estimates show 5.9% fall but many expect final showing to be better By UMA SHANKARI ( … – but the marked slowdown in the rate of decline shows that the residential market here is recovering, analysts said. The private residential price index fell 5.9 per cent in the second quarter, Is Shaq in the Market? – worldsdumbestman.com 07/02/2009 (blog for visitorslockerroom.com) from an AP report on Shaquille O’Neal arriving in Cleveland today: O’Neal, who will wear jersey No … Francisco (the most expensive real estate market in America). She ended up buying four houses … s a guy across my street in Chicago selling a stroller for $400. – end notes – • full real Dubai property prices beginning to witness the Metro effect – loftyvistas.com 07/02/2009 The prices of properties located close to metro stations in Dubai are already beginning to rise, … . The difference in prices could equate to tens of thousands of dirhams, pointed out a Dubai-based real estate … marking the first signs of a Metro effect on the property market , reported analysts in Dubai San Francisco Real Estate Market Update for the week ending June 21, 2009 – sfresidence.com 07/02/2009 Existing Home Sales Rise For Second Straight Month The National Association of Realtors released its existing home sales report which … family homes, condos and coops rose 2.4 percent in May. It was the first back-to-back monthly gain … had this to say, “Historically low mortgage rates clearly drew buyers into the market, and housing Denver Real Estate Prices Rise 1.5% Since May – lifestyledenver.com 07/02/2009 Denver real estate is in recovery. We’re the baby sapling, taking root and growing strong … , the Denver Post’s Real Estate Correspondent wrote more about the S & P – Case Shiller Report … have a stratified market, and we need to see high end properties shake out some inventory. High end sales Is Shaq In The Market? – visitorslockerroom.com 07/02/2009 from an AP report on Shaquille O’Neal arriving in Cleveland today: O’Neal, who will wear jersey No … Francisco (the most expensive real estate market in America). She ended up buying four houses. Take … across my street in Chicago selling a stroller for $400. – end notes – • full real estate Rockford Michigan Real Estate Market Report ~ June 2009 – grmirealestate.wordpress.com 07/02/2009 Current Real Estate Market Report ~ Rockford Michigan ~ June 2009 Current Absorption Rate for Rockford Michigan is 7 … Market Report ~ May 2009 Rockford Michigan Real Estate Market Report ~ April 2009 Rockford Michigan Real Estate Market Report ~ March 2009 Key West, Stock Island & Key Haven Real Estate 6/30-7/1/09 – garymcadams.typepad.com 07/01/2009 NEW LISTINGS : Active 06/29/09 Listing # 111107 814 Carey Ln Key West, FL 33040-7101 Listing Price: $1,250, … Residential Property Subtype Single Family Key/Island Key West Subdivision Old Town … Summary with Addl Pics Report Listings Lower Florida Keys Real Estate 6/30-7/1/09 – garymcadams.typepad.com 07/01/2009 NEW LISTINGS: Active 07/01/09 Listing # 111119 21240 Conch Dr Cudjoe, FL 33042 Listing Price: $720,000 County: Monroe County Property Type Residential Property … . Client Summary with Addl Pics Report THE FINTAG NEWSLETTER @ 30 June 2009 – fintag.com 07/01/2009 FINTAG COMMENT A man of the Union. Capitalists can only prosper if the State encourages them, doesn’t imprison them or as in many communist countries just turns a blind eye. The UK government is contributing to over 60% of the GDP. This is more than Cuba, one of the last rampantly communist countries left in the world The Home Valuation Code of Conduct – blog.firsttuesdayjournal.com 07/01/2009 This article discusses the new Home Valuation Code of Conduct for appraisals which will affect mortgage loan brokers originating loans for sale to … and real estate appraisers when an appraisal report is to be prepared for a loan to be purchased … Freddie Mac or Fannie Mae.Restricted gatekeeper contact with real estate appraisersNew RSSdoodle by The Lessnau Lounge. Results provided by Technorati. […]
July 12th, 2009 at 7:29 am
[…] by Joe Manausa on July 2, 2009 Dubai property prices beginning to witness the Metro effect – loftyvistas.com 07/02/2009 The prices of properties located close to metro stations in Dubai are already beginning to rise, … . The difference in prices could equate to tens of thousands of dirhams, pointed out a Dubai-based real estate agency. Several other agencies have also reported to have been receiving enquiries about properties Dubai property prices beginning to witness the Metro effect – jjrealestatebg.com 07/01/2009 The prices of properties located close to metro stations in Dubai are already beginning to rise, … in prices could equate to tens of thousands of dirhams, pointed out a Dubai-based real estate agency … announced that all operational management, pertaining to… Real Estate in Dubai – a Dynamic Property Metro West Man Arrested For Breaking And Entering And Larceny Due To Interstate Investigation – bostoncriminallawyerblog.com 07/01/2009 Remember when you were young and parents, teachers and clergy kept insisting upon the benefits of sharing? … or early Thursday morning, including three restaurants, a gift shop, a real estate agency and a vacant Posts about Real Estate Agency as of July 1, 2009 – reallybetterrealestate.com 07/01/2009 Why You Should Buy Real Estate During Recession – real-estate-info.org 07/01/2009 We have all heard the bad news about the economy … section on the websites of every real estate agency promoting property in the region. There is no doubt that Panama possesses numerous advantages, including Posts about Real Estate Agency Luxury Apartment To Let In Moscow At $50K – elitechoice.org 07/01/2009 There are so many things in the present world that actually make us realise that maybe the so-called ‘financial hard times’ are just the woes of a … $50,000 per month. DOKI Real Estate Agency is handling the property located very strategically near … parking lots also come with the apartment in reference. However, the real estate agent hasn’ Real Estate Market Report 2009 – brilliantfixer.wordpress.com 06/30/2009 Read the report herenew business centerReport published by Ober-Haus real estate agency and Sorainen law office.A quote from the report:More than 100,000 sqm of new office space flooded the Tallinn RSSdoodle by The Lessnau Lounge. Results provided by Technorati. […]
July 17th, 2009 at 9:11 pm
fha loan limits…
Cossitt , owner/ manager- operator, of several manufactured home sales companies in Searcy, Batesville, Jonesboro, and Harrison, Arkansas, admitted to fraudulently submitting falsified mortgage loan applications and supporting documents to lenders in o…
July 20th, 2009 at 11:56 am
Key West Coastal real estate info here…
Wow….
September 4th, 2009 at 1:35 am
Home Mortgage Loan Refinance…
Conforming mortgage rates were down on the day. Longer- term, though, this pattern won’ t likely last. Not only will the stock market regain its balance and draw dollars back, but, more importantly, the stimulus bill contained verbiage increasing the…
October 8th, 2009 at 12:29 am
Lawndirt.com - Mortgage…
There have been many changes made to the structure of the company. As a matter of……
November 13th, 2009 at 12:55 pm
Ca Refi…
There are some secrets and straightforward tips buyers should be on familiar terms with before shopping for a house mortgage for Custer SD real estate. The primary, and most vital of these, is to carry out your research. House loans vary significantly …
February 1st, 2010 at 8:50 pm
Public sector tender specialists - ways2win…
Public Sector tendes are open to challenge, you won’t be awarded a contract because they like you, can omly award it on marks, and they can only mark what they can see…
March 3rd, 2010 at 4:00 am
MetroDetroits’ Official Website…
Metrodetroit.com/Metrodetroits Official Website…