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Industry News

Recent Real Estate News
ARTICLE ONE
Abu Dhabi Top Spots

January 20th Abu Dhabi, U.A.E.

Propertyfinder.ae, the UAE’s leading property portal, today released data revealing Abu Dhabi’s top locations sought after to buy and rent from Q4 2009. The survey is based on over 3 Million property page views on over 100,000 properties seen by approximately 400,000 visitors to the website during this period and highlights changing activity in the UAE real estate market.

The purpose of this report is to showcase the trends and habits of property browsers searching on Propertyfinder.ae for Abu Dhabi areas specifically.  These are the browsers who tend to be actual renters and/or buyers. It has been broken down between buying (in red) and rental (in blue) markets.

It then provides the top 20 results in each sub category by property page views and by emails sent to generate qualified leads.
 
Rank BUY - Abu Dhabi Property Views Rank BUY - Abu Dhabi Inquiries Made
1 Al Reem Island 1 Uae-Abu Dhabi (General)
2 Al Reef Villas 2 Al Reef Villas
3 Al Reef 3 Al Reem Island
4 Al Raha Gardens 4 Al Raha Gardens
5 Al Raha Beach 5 Al Reef
6 Hydra Village 6 Al Raha Beach
7 Abu Dhabi Island 7 Hydra Village
8 Khalifa City A 8 Abu Dhabi Island
9 Uae-Abu Dhabi (General) 9 Khalifa City A
10 Grand Mosque District 10 Between Two Bridges
 
Rank RENT - Abu Dhabi Property Views Rank RENT - Abu Dhabi Inquiries Made
1 Khalifa City A 1 Khalifa City A
2 Abu Dhabi Island 2 Abu Dhabi Island
3 Mohamed Bin Zayed City 3 Golf Gardens
4 Al Raha Gardens 4 Mohamed Bin Zayed City
5 Between Two Bridges 5 Tourist Club
6 Al Khalidiya 6 Al Raha Gardens
7 Airport Road 7 Muroor Area
8 Muroor Area 8 Corniche Road
9 Tourist Club 9 Al Raha Beach
10 Mussafah 10 Sas Al Nakhil

 

ARTICLE TWO
What's property worth?  Name your price!
One Price – One Click
 

December 14th 2009 United Arab Emirates

Propertyfinder.ae, the UAE’s leading property portal, today released a tool to help reduce time wasting when inquiring about a property.  It’s appropriately called ‘Make An Offer’.  Hopefully this will eliminate much of the haggling and time involved looking at a property to buy or lease.

Most people in the UAE have become quite saavy in the real estate industry over this last year for obvious reasons.  Browsers searching for property online have shown increasing patterns that highlight their awareness of search techniques as well as property knowledge.  They quickly skip past the apartment for rent in JBR for 25,000 dhs. (we wish) or the villa being sold on the Palm for 55,000,000 dhs. (dream on) knowing full well these offers are not rational.

So let’s get to the point.  Most people residing in the UAE pretty much know where they want to live coupled with how much they can afford.  Once this has been narrowed down; the games begin.  Both browsers and brokers have their share of frustrating stories that make initial encounters suspicious.  Propertyfinder.ae has implemented a button next the agent’s asking price that allows the browser to submit their proposal.  One price, one click.  The broker can then consider the amount and contact the lead with more confidence and seriousness.

Why?  Propertyfinder.ae noticed a huge discrepancy when certain areas and properties received huge traffic but little interest when inquiring.  Other areas had little traffic but very high turnover which may be attributed to realistic pricing for sensible properties.

This is not an auction!  Although that concept is great and may very well work here in the near future, this feature has no obligation whatsoever from the browser or the broker.  ‘Make An Offer’ is a simple tool to narrow down over 30,000 listed properties for easier and quicker choices.

Have a look and try.  All questions and comments are warmly invited.

Media and Comment Contact:
Marcello Sambartolo | Head of Marketing | Tel. +971 4 343 2270
 
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7DAYS.ae - Breaking News, Dubai, Abu Dhabi,UAE, World, Sports, Business, Entertainment
Visit 7DAYS.ae for breaking news, readers letters, video, audio and feature stories. 7DAYS.ae provides news as well as local and regional perspectives. Also Metrolife, Business, Sports news.

7DAYS.ae - Breaking News, Dubai, Abu Dhabi,UAE, World, Sports, Business, Entertainment
  • OSN says sorry over Six Nations coverage

    The Orbit Showtime Network (OSN) did not know until “the last minute” that it had lost the rights to air the Six Nations Rugby Tournament to Al Jazeera, its CEO, Marc-Antoine d’Halluin told 7DAYS yesterday, adding he apologised to OSN subscribers.

    “In this particular case we got caught by surprise because we actually thought until the last day that we would be able to broadcast the Six Nations,” he said.

    “This is essentially why there was not the proper level of information that we absolutely believe we should be sharing with our subscribers. So in that case, we apologise on the way it came across.”

    He added that the Six Nations would be broadcast on the Al Jazeera network again next year, but OSN would pursue the rights the next time they came onto the market.

    There have been numerous complaints about the merger of Orbit TV services with those of Showtime, including the loss of rights for sporting events like the Six Nations and football’s English Premier League, as well as bad quality reception and restructured packages at the same cost.

    In relation to the Premier League, d’Halluin said that OSN was “not in the business of competing with government when they have identified a particular angle as a way to promote their country or city”.

    “Football is now at a price point that is out of our reach,” he said.

    He also pointed out that OSN still carried a wide range of sports events, particularly in golf, cricket and rugby and “these tournaments are locked into long term contracts”.

    As part of the merger, subscribers have kept the old channels they had, received new ones from the network they weren’t with and are also eligible to ‘upgrade’ their package at any time.

    D’Halluin said that customers were also allowed to downgrade their package to a lower cost.

    “They can absolutely [downgrade their package],” he said, adding there was even a possibility of downgrading in the middle of the contract.



  • Federal government says it will support Dubai

    The UAE pledged its support for Dubai yesterday but said the emirate had yet to ask for federal help.

    The UAE finance minister said the federal government would support the emirate as its state-owned group Dubai World negotiates a plan to restructure $26 billion in debt and said he expected a deal soon.

    Dubai World is holding informal talks with major creditors, including HSBC and Standard Chartered, in London this week as it finalises a restructuring proposal.

    Asked if the government would support Dubai, Sheikh Hamdan Bin Rashid Al Maktoum said: “Of course. Dubai is part of the federation,” adding the emirate had not yet asked for aid.

    “The federation hasn’t reached that far but the Emirates are one entity and things will be resolved soon, God willing,” he said.

    “The whole thing is that... companies are in arre-ars. These companies are not the whole country,” he added.

    UAE Economy Minister Sultan bin Saeed Al Mansouri said yester-day that creditors should reach an agreement with the conglomerate.



  • New foreign ownership law expected

    The UAE will review rules governing foreign ownership of companies in the next month and implement a new law by the end of this year, economy minister Sultan bin Saeed Al Mansouri said yesterday.   

    “The law should be submitted to the cabinet within a month,” he told Reuters. “Our expectation is that the law would come out by 2010.”

    Under current regulations, business owners from all nationalities except from within the GCC must have a local majority partner.

    Exceptions apply in free zones such as Dubai Internet City, where 100 per cent foreign ownership is allowed.

    The new regulations have been in the pipeline for several years and are aimed at increasing foreign investment as restrictions on full ownership were considered a key reason for holding back investment and stifling competition.

    Al Mansouri said in September the law was in its final stages and would include a rule stipulating a minimum capital of dhs200 to 300 million.



  • Etisalat to up its overseas profits

    Etisalat sees its revenues from overseas operations reaching as much as 30 per cent by 2013 as it continues with acquisitions and international expansion, group chief strategy officer Ali Al Ahmed said.

    “Our target is in three years [to gen-erate] 25 to 30 per cent of revenues from international operations, but I think it might be faster that that,” he told Reuters.



  • Aldar sold Yas Island assets

    Aldar Properties sold some of its assets on Yas Island to the Abu Dhabi government at the end of last year for dhs9.14 billion, it told the bourse regulator yesterday.

    “Certain infrastructure and other property assets on Yas Island were sold to the Abu Dhabi government,” it said, adding that they were sold at book value so no profit was recorded in the firm’s financial statement.




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Khaleej Times : Business News
KhaleejTimes - Business News Feed

  • Dubai records $29 billion gold trade in 2009
    Dubai Multi Commodities Centre Authority announced that the total gold trade through Dubai stood at $29 billion in 2009, matching the value in 2008.

  • ADIB Opens New Branch at Dubai Mall
    Abu Dhabi Islamic Bank (ADIB) inaugurated its new branch at The Dubai Mall on Sunday.

  • Saudi Shares Rise on Global Optimism
    DUBAI - Saudi Arabian shares on Saturday rose, led by Saudi Basic Industries Corp, after smaller-than-expected US job losses boosted optimism for a global economic revival.

  • UAE's Non-oil Foreign Trade Shrinks 16% in 2009
    ABU DHABI - The global financial crisis has shrunk the UAE's non-oil foreign trade by 16 per cent to Dh663 billion in 2009, down from Dh788.7 billion worth of trade recorded in the booming period of 2008.

  • Bank of Sharjah approves 12% Cash Dividends
    SHARJAH - The Ordinary General Assembly of the Shareholders of Bank of Sharjah approves the proposal of the Board of Directors to distribute 12% cash dividend equivalent to Dh 240 Million and 5% Bonus issue equivalent to Dh 100 Million during its 36th annual meeting.


Cityscape Intelligence Breaking News: United Arab Emirates

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ArabianBusiness.com - Business and Industry News coverage of the Middle East including Stock Markets, Events, Video and Audio.

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Property news - realestate.com.au
Check out all the latest real estate news and property headlines. We have all the real estate and property information to help you buy your first home or invest in property.

Property news - realestate.com.au
  • Grants buoy housing market
    An influx of first-home buyers taking advantage of government grants and low interest rates has restored confidence in the property market.

  • RBA lifts rates for first time in 2010
    The Reserve Bank of Australia (RBA) has lifted interest rates for the first time this year, with more increases expected in 2010 as economic growth gathers pace, economists say.

  • Garret axes insulation program
    The controversial home insulation program that's led to four deaths and nearly 90 house fires has been scrapped by embattled federal Environment Minister Peter Garrett.

  • How first home buyers changed the property market
    RP Data research analyst Cameron Kusher provides an update on what effect first home buyers had on the property market in 2009 and based on some very poignant facts, what the results are expected to be for 2010.

  • Looking back at the first home buyer activity
    On a month by month basis during 2009, first home buyer activity peaked at 28.5 per cent of all owner occupier finance during May 2009. Following the peak, and with the removal of the First Home Owners Grant Boost, the proportion of first home buyers in the market fell sharply.