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With the situation in Dubai slowly getting better, it seems that once abandoned projects are again being picked up for completion by former or new owners. Some projects have changed hands and are in the charge of new owners or new contractors. What is important, however, is that business is picking up once again in the housing and construction sectors. it is a pleasant sight to see the teams of workers with their work gear and protective helmets out in the streets, busy in their respective jobs...
Placing a Bet on Dubais Revival
The chips are in and the stakes are hot. They should be, for in contention is one of the worlds most beloved cities-the emirate of Dubai. Just at the start of this week, Dubai World emerged from a first meeting with its creditors- asking them for a standstill on US$22 billion of its debt for at least six months. In fact the whole affair was conducted under an atmosphere of strict secrecy and security, with attendees asked to be tight lipped about the proceedings. What has emerged is that the...
Boom in Dubai Property Investment
Until a few years back, buying freehold property in Dubai was not possible for foreign nationals. Property boom in Dubai only ensued after some considerable changes were made to the emirates property laws. Currently, Dubai real estate sector is witnessing a rapid upward trend thats expected to go even higher with the passage of time. Population of Dubai has grown manifold over the past few years given a sharp and growing increase in the number of expatriates. Both veteran and would-be...
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