According to the reports, 2012 will prove a year of recovery and will show more positive impacts on the residential properties. The people who are holding the residential properties should see the surge and commercial holdings might need to wait. The poorly managed commercial properties will be severely affected and might be left alone.

The people who want to invest in the residential properties in Dubai, 2012 is probably the best choice. This year there will be best gains as well and hence provides the best opportunity to the people who are aspiring to buy their homes in Dubai. For the people who are aspiring for the commercial properties, the best option is the rental offices.

The condition of Dubai real estate improved considerably in 2011, following disturbance in major countries around Dubai. This actually proved to be the safe option for the investors. As there was some stability in the real estate market in Dubai, the investors sensed another threat from European recession. These concerns have come true now and might affect the analysts’ prediction but still the condition of Dubai real estate will be better in the next year.

Amidst all these assumptions and thought processes, one thing is certain with the better condition of Dubai real estate; the Dubai hotels are bound to be under stress. This will majorly be because of new properties.

The investors don’t lose much time in investing when they find any market suitable. This would lead to the launch of new properties, which actually would reduce the earnings of the hotels here to a greater extent. While the forecasting is after all an assumption though these are based on facts but the European condition will play an important role in what the future of Dubai real estate will be.

The sale was for Palm Residence and Palm Jumeirah area. A record breaking sale for the leading developer is the news of the hour. The chairperson of the Nakheel declared that the enthusiasms they got in this sale are somewhat beyond expectations.

The buyers they were expecting is hi-end buyers. The construction project is going to be by the end of the April and the developers are expecting to handover its unit to the owners by the end of the 2013. This time the risk in much less for home-buyers as they have to pay the 40% of the cost of their flat and the, they will get the right title for their property.

This is the first time that Nakheel is issuing these titles. This is the main reason of behind this hike in the sale and a record breaking sale. The second payment will have to be made by the end of 2012 and it will be the 20% of the amount remaining. The third will follow by the June of 2013 and the last one by the end of 2013 when the buyers get their unit.

A exquisite landscape is prevailing on the East of Palm Island and this is one of main attractions for house buyers. More important, you are getting the best of the price ranges here that begins with more Dh. 2mn and ends with Dh.8mn. Affordable prices to own the dream land of yours. This is the key news that is conveyed through this record breaking ale of this organization. People are in a mood to invest less to get back more. Nakheel is offering this and hitting nerve of the organization.

The Chief Executive officer is saying that the business of Nakheel is increasing with the increase in demand for luxury apartments for residential purpose. This is a win win situation for both the developer and the home–buyers in Saudi.

Chairperson of the Center for Promotion and Management of Real Estate Investment, Majida Ali Rashid was reported as saying that Tanweer is aimed at boosting investors’ faith in the country’s real estate market. She says it is aimed at acting as a standard-setter about the privileges and obligations of real estate investors. It will help in ensuring transparency in the nation’s real estate market.

Tanweer will contribute in organizing the real estate market better. It will make the sale and purchase of real estate transparent; and the foreign investors will feel safer investing here. As it would start working as a reference guide, the legal disputes will come down. However, no details on the exact time the initiative will come into effect or how exactly the investors will be benefited through it has been made clear.

Tanweer has come in the backdrop of DLD’s announcement in October 2011 that it employed competent experts to examine and improve the real estate investor protection law by the end of 2011. It is expected now that Tanweer will bring in precision on various concerns like the steps to be taken by an investor in case of any delays in the projects.

It should also deal in cancellation of a contract by an investor, if the contractors are unable to honor the stated obligations. Though there is already a body to look into resolving any such issues on behalf of the DLD, either party may now move to the court as well.

Tayseer and Tania have been the earlier initiatives launched respectively in July 2010 and September 2011. These deal in financing for purchases and completion of projects.

As a part of long term planning for boosting the real estate market in Emirates, the code of conduct for corporate field is to be implemented from the next year. It will make it obligatory for every developer to disclose alternatives with recourse in case they fail to honor the time given to the investors for transferring the property. The investors will also be benefited by getting other swaps and refunds options from the companies.

After 2008 fallout, this is for the first time that the people are expecting something positive for Dubai real estate. The rate at which property cost is showing recovery clearly suggests that the market is on the dream track. There are certain problems surrounding the Dubai real estate right now but still have shown great improvement.

One the growth is only restricted to important residential and commercial areas of Dubai but needs more uniformity. Dubai real estate might have recovered more and before the problems surrounding several countries across the world has worked against it.

The UK is reeling under its debt crisis, which has prompted a number of investors of this region to hold back the investment. So unless something concrete comes out of the UK’s Think Tanks, investors of this region will wait and watch only.

The European crisis has involved a lot of other countries as well.The USA is busy and much occupied with Iran row. The people still are not sure whether the USA-Israel ally will go for the armed assault on Iran. This uncertainty has also acted as a hurdle to the investors.

Between all these uncertainties there has been one bad thing that has gone in favor of Dubai real estate, that is, the unrest in the rest of the Arab. With the instability surrounding countries Dubai proved to be the heaven for overseas investors towards the end of the last year. This did a lot to give the real estate the stability that is showing its effects now.

The only thing that the Dubai needs, right now is the stability. Once the European crisis is over and US finds a feasible solution, more investment is bound to come. Still it is important that the real estate here holds its positivity and hangs on to good till then.

Crystal Tower’s billboard is deployed at the site. This is a project devoted to mixed use. Construction is yet to begin. And, if you are interested in knowing when the construction and sales will initiate, you might have to wait for long. It is because no definite time is set for the project construction and sale to start.

Project’s developer, Al Fattan has declared the details launch soon. This company came into being in the year 1974 and Major General Musabbeh Rashid Al Fattan heads it. Al Wasl Villas, Al Fattan Apartment Building, Lake Villas, Office and Shop Properties at Al Fattan Plaza, Al Safa Villas, Oasis Beach Hotel, Al Fattan Marine Towers in Dubai Marina and warehouses in Ramool are the properties this company owns.

According to the experienced people in the field, there exists a bleak chance that developers declare new project. This scenario even though Dubai Land Department sold numerous land plots in the previous year.

Dubai Marina was engaged in 800 transactions worth Dh903 million in first 9 months in the year 2011. And, this made it leader of freehold communities in terms of transactions. It is also the most searched location. Three residential towers, which are tallest in the whole world, are housed in Dubai Marina. These towers are 381-metre Elite Residence, 395-metre 23 Marina and 414-metre Princess Tower.

According to a consultancy, Jones Lang LaSalle (JLL), dealing in real estates, selective stability is seen in the residential market of Dubai. Market recovery on a wider perspective is expected in the year 2013.

Cost of houses in Dubai have hiked by2.3% in last 3 months of 2011. And, this denotes market revival.

He also sought a payment for a business class airline ticket form Dubai to Australia. The World Island Tribunal has paid him $3m for long-term payment. But, it has rejected him to pay the flight fare.

In a statement after the verdict he “Whilst I have been entirely vindicated by the Dubai World Tribunal, I am naturally disappointed that … the matter was not able to be resolved amicably without the need to take costly legal proceedings that vented Nakheel’s internal business in a public forum”.

The company’s legal adviser said that the cases must be taken further by the Federal Court and not by the tribunal. This is the tribunal which order Nakheel to pay only $20m to an Abu Dhabi Contractor for completing its work on a residential apartment.

Nakheel has only 14 days time to pay off this amount of the Technical Architect for failure in payment. This is really a blemish in the white collar image of the company and the World Famous Developer, Nakheel. It’s now time for others to sit and see how Nakheel receives back its du amount of respect and credibility among the others in real estate sector of Dubai.

On this connection, it’s better to remember that TAGC was awarded to DHs950m for building 31 apartments but, it was ultimately forced to leave the work. Will Nakheel face the same challenge? Questions are arousing higher in the mind of the writers. What to do now is that just wait and watch what happens in the fate of giant builder.

Also, the luxury developer gives 8% annual return after 3 years. This return is tax free. These efforts focus on increasing confidence of the investors in safety and constancy of the Dubai property market.

This has been the second initiative of the builder since the start of the year 2012. The investors will have a hassle free process as it is the responsibility of DAMAC properties to regulate and lease unit to be bought.

Located on platinum extension of downtown area of fashionable downtown district of Dubai is the Burjside Terrace serviced apartment. This apartment is nearby The Burj Khalifa, the tallest building in whole world and opposite to Dubai Mall.

It was necessary for the terrace serviced apartment to tell itself apart from the highly affluent surroundings which include signature and Armani hotel.

DAMAC Suites and Spa, a hospitality management unit of DAMAC will regulate both serviced apartments in Downtown Dubai, owned by DAMAC properties. It provides wide range of services including both basic and personalized. Services like housekeeping and customized butler services depict the high service level.

This property deliberately concentrates on model of serviced apartment. Building work is continuing on level 47 at Burjside Boulevard. This project is anticipated to bridge the gap between residential properties and 5 star hotels.

Dubai is preferred destination for business worldwide because it offers tactical situation, eminent infrastructure, and efficient business centers etc. People of Dubai have faced changes in their life due to these key points.

Investors from all over the world are attracted to the hospitality sector of Dubai. DAMAC has been contributing significantly and 7374 units, 36 buildings are a live proof of this.

Although this rise doesn’t matches the anticipations of local realtors yet certain experts opine that the market activity rise is capable of sprinkling new life in to the country’s real estate.

Many of the properties like houses, apartments and villas in Dubai, did not fair well in the previous year. Costs of properties on rent and sale have dropped for 3 continuous years. Year 2011 was pretty good for most of the Dubai properties. And, the 20% rise in transactions is being attributed the cause of the improved condition of Dubai properties.

Experts see this change as the result of the numerous efforts by the government. They opine that it is the sincere and number of initiatives taken by the government with regards to improving real estate’s condition. It is an obvious pledge of Dubai’s government to make the local realty market stand on its own feet once again. And, to make it a reality, government has adopted numerous ways that are respected by every included party.

These steps taken by the government have borne fruits ion the form of market gaining back trust and as a result investors are waiting to jump in the investment market.

To see complete recuperation in real estate of Dubai, people might have to wait for quite some time. As the government has also taken its stand, this state of complete recuperation is not a questionable act but also when it happen is not decided.

RERA is a regularity body of the Land Department of the Government to keep record, assuring the rights related to sale and purchase of land. The entire training will be divided into three stages. First one is “experimental, educational and optional.” Second comes with training and co-ordination and the third involves the right the Charter and is very much compulsory.

This training is aiming at the very target of educating the 2.084 real estate brokers working in 840 real estate offices in Dubai. The authority is confirming that it will enhance the quality, skill, expertise of these vast numbers of brokers working in the real estate industry. The CEO of RERA has shed some light on their planning for these three staged programme.

He added that work culture is lacking mostly in the labor market of Dubai. Especially, the real estate industry is suffering from these problems the most. Another is reason behind training these people are really evident that the Government body wants to train everybody to make the Charter a reality of most unorganized but highest revenue generating industry of the country.

The government wants to make the brokers knowledgeable and well aware to make sure that real estate industry is working in a better, ethical and proficient way. They are reportedly trying hard to bring the country up to International level.

Experts say that this training decision was taken from the inception of the RERA. Now, it’s really a burning question to update real estate professional to a higher level.

Tayseer will help financing through local banks while Tanmia will target getting more investments through rejuvenating the stalled projects. The latter is an initiative by Real Estate Investment, Promotion and Management Center—REIPMC.

Tayseer will help the buyers of many unqualified projects with financing. The qualification process is a long process that involves identification of a project by the DLD.

The projects are then subject to be qualified by the government. Government has its own criterion for qualification like it considers only those projects, 60 percent of which is already sold at the time of identification.

It should further be 60 percent complete in its construction process; rest construction be going on at the scheduled pace in conformity with the Real Estate Regulatory Agency approvals. There are also other factors like a reliable contractor who could guarantee a timely completion of the project.

The government backs local banks in financing the purchasers of the property. The Dubai Land Department (DLD) signs deal with the local banks to this effect. The purpose of this financial backing is to ultimately get the projects accomplished timely.

Seven local banks have signed agreements in this context so far. As many as 40 projects have been qualified under the initiative and have been registered as phase-one initiative. Some 215 investors have taken benefit from this scheme so far.

There are some 26 projects that are being considered for approval. The projects are illustrative of what thrust the government has been giving to the repairing of the losses, the Dubai real estate has suffered since the global financial crisis struckDubai adversely.

Though the procedures involved in the Tayseer and Tamnia initiatives are long, the long term effect of these well-stressed schemes is expected to boost the market soon.

It is also expected to help the market fight the challenges brought about by depreciation of rupee against dollar. The latest developments in this regard indicate NRIs (Non Resident Indians) may seek investment in their homeland as the properties there will cost less to them.