The Real Estate Revival in Dubai

In the context of the news coming out from the reliable sources it is a strong possibility that the government of UAE will introduce further relaxations for the development of property sector. The countries are still facing the economic hardships but it is noticed that available Dubai property for sale is still in great demand among world property investors. Ever since the inception of the policy of freehold properties Dubai has never looked back in terms of real estate development and leading from the front in the region of Middle East.

The population of UAE has grown manifold during the last years of UAE boom and there is a flood of people coming to live in the emirates of UAE. The cities of the once a deserted country are facing a serious scarcity of Dubai Apartments for Rent. The housing and commercial projects available cannot sustain the growing demand and therefore causing high rents

Successful Career in Dubai

To build up a thriving sales career in Dubai, you would have to show exceptional track record in sales. Then, of course there are the customary characteristics that are required to be a successful salesperson. One has to have the hunger to succeed, the skill to push products even in slow markets, the energy and the charm to enthuse the buyer, the dynamic personality to get the deal closed and a rapid thinking ability to improvise as per the demand of the situation. A good salesperson would make sure that he converts potential leads into paying deals. He would have the gift to convince the prospective buyer that the product being offered is the best for him and suits his demand like none other.

There are so many more reasons that make one want to work in Dubai. The topmost reason is of course the high salaries combined with the fact that one does not have to pay any personal taxes. Thus, all you earn is for you to keep. Expatriates come to work to Dubai to do life-time savings in a period of three to four years. However, that does not mean that Dubai offers just money. The lifestyle of Dubai makes it the dream career destination of foreign workers.

Dubai land deals rake in Dh7.32b for December

The value of land transactions exceeded Dh7.32 billion last month, according to figures released by the Dubai Land Department.

There were a total of 136 cash sales during the month worth Dh1.25 billion, 241 mortgage transactions worth Dh2.15 billion, 10 donations of land and property valued at Dh186.96 million, and 79 postponed sale transactions worth Dh3.72 billion.

The 136 transactions registered as sales by the Land Department during the month of December were spread across 22 districts in Dubai.

The total area sold was 2.67 million square feet.

There were 348 transactions involving the sale of 6.97 million square feet of open spaces for a total of Dh7.49 billion.

Shaikh Zayed Road was the top selling district and 16.59 per cent of the month of December's total sales involved land in this area.

The prices ranged between Dh1,000 and Dh1,250 per square foot and averaged Dh1,162.89 per square foot.

Emirates Hills-3 accounted for the second highest level of the month's sales with almost 14.72 per cent, Dh185.19 million, of the total registered.

Prices ranged between Dh115.11 and Dh2,948.29 per square foot and averaged out at Dh616.36.

Palm Jumeirah ranked third with 13.47 per cent and Dh169.44 million of total registered sales.

Prices within the district ranged from Dh114.71 to Dh1,944.08 per square foot and the average was Dh274.67.

The top 10 districts during the month for transactions involving unbuilt, open or vacant land include Shaikh Zayed Road heading the list with 16.59 per cent of the total of the month's sale of this category of land.
A total of Dh208.64 million was received from five sales of a total area of 179,410 square feet followed by Emirates Hills-3 which accounted for 14.72 per cent of the total.

A total amount of Dh185.19 million was received from 28 sales of a total area of 300,460 square feet.

Prices ranged between Dh115.11 and Dh2,948.29 per square foot, with the average being Dh616.36 per square foot.

DISTRICTS IN DEMAND
The top 10 districts that showed the highest volume of land transactions were:
1. Emirates Hills-3 headed the list of last month's transactions by volume with 28 sales
2. Ranches accounted for 27 sales
3. Palm Jumeirah accounted for 22 sales
4. Al Ruwayyah accounted for 13 sales
5. Nad Al Sheba had six sales
6. Jebel Ali had five sales
7. Shaikh Zayed Road accounted for five sales
8. Emirates Hills-1 accounted for four sales
9. Emirates Hills-2 accounted for three sales
10. Mirdif accounted for three sales

The top 10 biggest real estate deals registered at the Land Department during the month by amount were:

1. Bukadra, with an amount of Dh141.36 million
2. Shaikh Zayed Road, Dh54.19 million
3. Palm Jumeirah, total of Dh50.79 million
4. Emirates Hills-3, Dh50 million
5. Shaikh Zayed Road, Dh42.69 million
6. Shaikh Zayed Road, Dh42.57 million
7. Nad Al Sheba, total of Dh37.64 million
8. Shaikh Zayed Road, with Dh36.89 million
9. Nad Al Sheba, with Dh36.24 million
10. Jebel Ali, an amount of Dh34.12 million

Source: Gulf News