Dubai: Still the next big thing?

If Dubai is mentioned, pictures of skyscrapers, high-performance industry, new-found celebrity culture, "Media City", and benefit from excellent rental returns to think. Dubai has become the most famous of the United Arab Emirates (UAE) and has achieved international recognition for his real estate development by firmly on the map. The second largest emirate after Abu Dhabi, Dubai was well located geographically - between Europe and Asia - for business travellers and property development, and the mere 7-8 hours flying time from the United Kingdom, and without capital gains or income tax, only enhanced his appeal.

This initial development of this time, especially Arab Emirate, now home to a rapidly growing population of which 80% from overseas, has led to a shortage of rental properties and therefore a large number of people are moving large profits from the real estate market. Now however, there is evidence that this is probably best known emirate into a new era, as is documented in Real Estate TV's' Next Big Thing Dubai "program displays on 11 May on Sky channels 273 and 274 and on demand Virgin TV and www.realestatetv.tv.

The program allows viewers to discover why Dubai can still be as "Next Big Thing ', even after their enormous development in recent years and is a glimpse into the future for this powerful emirate." Dubai Next Big Thing "deals with the impact of new transport links, in the development, as the new subway system due for completion in 2012 and developed new ways, and the effect of new industry, has been moved, Dubai, the economy now stands at approximately 94 % Non-oil related.

Dubai plans remain ambitious, and in view of the future, impressive developments are planned or already taking place in the increasingly prevailing drive to attract tourism. In addition to this recent legal changes have made it easier for foreign real estate investors, giving them a better protection in an uncertain world. Dubai's continuous development has been before the game in terms of growth and development, and it is this could see that in the direction of an even better future. As Jo Sinnott, presenter of "Next Big Thing Dubai," concludes "Dubai is growing even faster than before, and for property investors, could return to the" Next Big Thing ".

Tune on Sunday 11th May at 10pm to Real Estate TV on Sky channels 273 and 274 and on demand on Virgin TV and in realestatetv.tv to watch 'The Next Big Thing Dubai. "

Dubai - there is a "gross" miscalculation?

Dubai has and will continue to be both popular and profitable for those looking to invest in this burgeoning real estate market. But many investors are currently not achieving its' true 'land claims and in many cases, this means that buyers assume that up to 15% less than sqft they were originally led to believe.

Oliver Hickey UK Sales Director profile of Europe (UK) Ltd said: "There are two options for the purchase of properties in Dubai; net or gross. Profile of Europe (UK) Ltd. sold 'net' properties. Therefore investors through the purchase profile Reaching the surface data, as originally marketed and are subject to change at any living space. Investors buy "gross" property must be aware that ultimately their land will be lower because local areas (lift, corridors and ways to foot) were factored in. The total area of these local areas information is then divided by the number of apartments within the building. And even though your sales details, the apartment of 1000sqft say that in reality you are only looking to reach residential area of about 850sqft. "

Oliver continued, "although" gross "real estate sales are far away, compared to the British market, this is a very common way of marketing in Dubai, but it is perhaps not widely known that many investors overseas. Investors, have done, their market research and share many characteristics in comparison with the price per sqft before the sale, must be particularly careful, because obviously such a change in the total land claims would have a significant impact on its profit realized when you come to sell. "

Nakheel sets prices for $1b Islamic bonds

On Thursday Nakheel Dubai property set price for almost $ 1 billion Islamic bonds, the largest such sale this year, organizers said.

Two years bonds in the amount of Dh3.6 billion ($ 980.4 million) and at the price at 225 basis points above six-month Emirates Interbank Offered Rate (EIBOR), the bottom of the previously indicated price target, said organizers.

Six months EIBOR currently at 2.05 per cent, compared with 4.46 percent in January in the UAE is reducing its benchmark interest rates in tandem with the U.S. Federal Reserve rate cuts in order to maintain dirham peg to the dollar.

Earlier this month, Nakheel Dubai property chief financial officer Kar Tung Quek said the sale of bonds is to finance expansion. The developer has held at least three Islamic bond sale, including one of $ 3.52 billion in 2006, the world's largest.

Sukuk are denominated in dirhams, underscoring investor appetite for securities in the Persian Gulf on speculation in the region, possibly the revaluation of its currency - now pegged to the dollar fall - to stave leave inflation.

Dubai Properties to double Dh350b portfolio by 2011

Dubai Properties, real estate development arm of Dubai Holding, has expanded its portfolio significantly over the past few years Dh350 billion in value.

Nevertheless, its appetite is growing more will redouble its portfolio Dh700 billion in the next few years, said an official rating.

"With Dh350 billion now, we will double our portfolio in the next three years," Mohammed Bin Braik, chief executive of Dubai Properties, said in an exclusive interview.

"What is important for us is that we create value for Dubai, not just the construction of towers and projects."

Property in Dubai recently to review its corporate structure and announced the creation of a new holding company - Dubai Properties Group (DPG) - consolidating all its current operations into separate business units and bringing them under one umbrella organization.

The structure of the new group comprises six business units focusing on real estate verticals, such as hospitality, property services, international investment, engineering and real estate development. Each organization will operate as a separate business subsidiary in the DPG, personal responsibility for the unit management systems, strategic planning and business results.

Emaar's new hotel to be second tallest building in Downtown Burj Dubai

Emaar Hospitality Group, the division of "Emaar Properties", will rely on luxurious hotel Burj Dubai city at an altitude that would make it the second tallest building in development.

The hotel is one of three properties being built by Emaar in Dubai under a new brand hotel address, which was promulgated by chairman Mohammed Al-Abbar yesterday.

Address Downtown Burj Dubai is the Burj Dubai property, world's tallest building and is scheduled to open in the last quarter of 2008. It will have 196 rooms and suites.

"As the second tallest building in the city centre Burj Dubai, architecture 63 - floor of the hotel is a unique and fascinating, improved mood, as the premier destination life," the company said.
Marc Dardenne, CEO Emaar costs, not to disclose the height of the building. Emaar has also kept silent on the exact height of Burj Dubai.
Looking at Emaar's ambitious plans for new hotel brand, Downtown Burj Dubai property is set to compete with Jumeirah Group 321 meters high Burj al Arab hotel in luxury and altitude.
"The treatment was conceptualized after an in-depth study. Over the past few months we have put together a team of world-class professionals to create a brand Address, which will show only the guest experience," Al-Abbar said.
He said the brand will be expanded abroad, and some places have been identified for the projects. Ten hotels are in the design stage.
Morocco, Egypt and Turkey each will have two addresses of hotels, while opportunities are currently being studied in London, New York, Shanghai and Miami.

Emirates Group grows across all divisions

Emirates Group achieved growth in all its business units, with the airline which accounted for 96 per cent of their income.

Airline revenues amounted to Dh39.5 billion, rising 32.3 per cent compared to Dh29.8 billion in the previous year. Its net profit Dh5 billion marked 62.1 percent more than in 2006-07 came from Dh3.1 billion.

In 2007-08, the airline expanded Dubai property its fleet with 11 new Boeing-777 s delivered, including the Emirates, the first 777-200LR passenger aircraft. At the end of March Emirates fleet reached 114 aircraft, including 10 cargo, a source of pride average age of 67 months.

Emirates SkyCargo carried 1.3 million tons of cargo, at 10.9 per cent more than in the previous year's 1.2 million tons. It registered an increase in revenues of Dubai property 20 per cent to Dh6.4 billion, compared with Dh5.4 billion in 2006-07. Cargo revenue contributed 19 per cent of total revenue airline transport.

Dnata, airport services division recorded revenue growth of 27.2 per cent to Dh2.6 billion, compared with Dh2.1 billion in the previous year.

Dubai seeks regional pact on airspace

Dubai has said he supports a regional agreement on air space more accessible to the Middle East booming civil aviation.

Most countries have large no-fly zones, for security reasons, and some of them may be opened for civilian aircraft on the basis of formal agreements, Dubai property top aviation official said.

Dubai airport, the company's international airport for Al Maktoum of Dubai and the upcoming International Airport, has hired a British firm NATS air traffic control services for the Study of airspace capacity in the emirate.

Aerial space limitations impede saw future growth of planes in the skies of the Middle East, where large-scale projects at the airport places as Dubai, Doha and Abu Dhabi are completed.

Some $ 37 billion airport projects currently in the Persian Gulf region, and carriers such as Etihad Airways, Qatar Airways and Emirates are seeking hundreds of new planes in coming years to serve their terms of expanding route network.

Paul Griffiths, Chief Executive Officer of Dubai property airport, said the potential of new infrastructure on the ground will continue to be used in regional coordination on air space is not achieved. "This is a serious problem, and I do not think that it is solved at this point in time," Griffiths said at the General Aviation Middle East conference in Dubai.

UAE consists of six airports in operation, one under construction in Dubai while one is planned in Ajman. Dubai International Airport is expanding its capacity from 25 million passengers per year to 75 million people.

The new airport at Jebel Ali is designed to have the capacity of Dubai property to handle 150 million passengers when fully ready. Abu Dhabi airport plans to eventually expand its capacity to 40 million passengers a year seven million at present.