International Monitory Fund (IMF) has voiced the concerns of many stakeholders in Dubai’s realty sector by expressing its reservations over the construction boom witnessed again in the state. IMF strongly believes that the real estate governing bodies in the UAE need to minimize the risks of having another boom and bust cycle in the local realty market.

During a trip to Dubai for the launch of IMF’s regional outlook update, Masood Ahmed, the IMF’s director of Middle East and Central Asia Department, spoke to the concerned authorities and expressed his concerns over any financial crises that may hit Dubai once again due to careless property management.

With dozens of stalled projects resumed and some really grand projects being under construction right now, the developers and investors in Dubai seem too excited and lost in the glory of bagging more money this time that they appear oblivious of how things ended up in 2008. By addressing this issue, the IMF’s regional head has given a clear message that the world does not afford another financial crisis in the region.

The Dubai Government has been advised by the regional director IMF to ensure careful management of the real estate projects in Dubai just to make sure that the government related firms in the state stay safe from any financial troubles.

It is also confirmed by many sectors and independent estate agents as well as news sources that some of the factors that triggered the property crash of 2008 still exist in the Dubai’s property market. However a lot of efforts by the Government, private and public sector have been put directly in keeping the market from collapsing.

IMF believes that for the continuation of region’s economic prosperity in general and that of the UAE in particular the Government of Dubai must be prepared to proactively deal with every factor that tries to hinder this process.

To the surprise of those who had lost their hopes in Dubai’s realty market, rents in Dubai is increasing. To the shock of those who thought Dubai Marina was recession proof, rents here are dropping. The property analysts believe that there are several valid reasons why, instead of showing the growth patterns which are typically associated with apartments in Dubai Marine, there has been a drop seen in apartments’ rents in the locality. According to several different reports, the average drop in the rent of apartments in Dubai Marina is 0.6%.

The property experts at Bayut.com believe that the availability of cheaper and equally facilitated residential options in areas other than Dubai Marina is the main reason why the tenants are considering other options. Because of the prevailing trends, Dubai Marina’s slot of being the most posh and popular locality has been awarded to Palm Jumeirah and Downtown Dubai. A set of experts are of the view that addition of more property units is what causing dropping rents in Dubai Marina. News is that more supply is soon to become part of the available Dubai Marina apartments for rent.

With incredible rental hikes recorded in all four quarters of 2012, Dubai Marina property has become too expensive for many tenants. In addition to that, the availability of several new apartment units in Business Bay, Downtown Dubai and Jumeirah Lake Towers has given tenants some choices to live equally well by paying lesser rents. Just as advocated by the property experts, the construction quality and amenities offered by individual developments can bring harmony in the Dubai property market.

For the fiscal year 2013, Dubai real estate market not only gets out of the slump but manages to bag the second position in the top realty markets and residential areas of the world. The rates of property in prime residential areas of 14 cities of the world are expected to rise by 2.5 % and the highest percentage for premium property and growth went to Moscow, Dubai and Miami.

The mentioned states are ranked as the strongest performing states regarding the value of property in residential and commercial realty market. Moscow’s market plays the strongest contender as it is expected to record growth of 10 % due to prime supply in premium projects. Prices in Dubai increased due to the addition of various international standard luxurious villas and massive projects that overawe any fantasy or manmade buildings. The expected rise in the price of villas in Dubai is supposed to range between 5 to 10percent in 2013.

The number of enquiries made in Dubai’s realty market from established professionals from the UK and USA is on the increase. It has also been strongly observed that affluent Asians are making large claims in Dubai property market.

With the influx of the new projects that are being launched on such massive levels, it is no surprise to see that Dubai is gaining mass popularity.  There has been a great recovery in rents and prices in residential property of the local market. This recovery could be challenged by over supply but the sales in the Q1 of 2013 show that the government is handling this recovery with great care to make it stable. One commendable step taken by the Dubai Government in this regard is setting of a limit on mortgages and quick reselling.

With projects like Donald Trump’s Golf course, Dubailand, revamping of The Walk, and the addition of various luxury villas, Dubai is achieving and doing what no other state has done before and it is giving the Dubai government great returns, hence making it the second most popular place in the world for real estate investment.

After seeing the highs of real estate business in Dubai, it was hard for the UAE Government, real estate developers, brokers and other related businesses to settle for anything less lucrative and promising in terms of ROI. Therefore, a collective and aggressive approach was adopted by the concerned authorities to fix these crises by lifting the overall status of Dubai in the tourism and retail markets of the world. All of these efforts have paid off as Dubai’s realty market has once again become the top choice for investors.

According to Bayut.com, a popular Dubai property portal, the rates of apartments in Dubai recorded in April 2013 have increased by 35% since Jan 2012. When compared with the pre-crises rates of 1-bedroom apartment in Dubai, the 1-bedroom’s value of Jan 2013 shows a deficit of 18%. However, growth of over 50% in just one year is a pretty impressive number which suggests that Dubai’s realty market is back on its feet. This percentage rise is a mere representation of the market’s current situation where many new investors are seen investing heavily in the residential projects.

With consistent, gradual and wider stability observed in Dubai real estate at large, many halted projects have been resumed to facilitate the increasing number of investors. Based on market data, the realty experts predict a 10-12% quarter on quarter growth in the residential market of Dubai during 2013. This means that other than offering an increasing rental yield, an apartment in Dubai promises a capital appreciation of 40% within the current year.

With concrete efforts made by Dubai Government, careful calculations done by the concerned department, cautious moves made by the developers and construction companies and overall improvement in the world’s economy, making an investment in Dubai real estate is no longer a risky business.

The concept that demand derives prices is universal and it holds particularly true for the UAE real estate market. As of April 2013, with more investors and tenants, Dubai property market is celebrating increased property rates and rents.

According to the Q1, 2013 report released by Bayut.com, sale price and rental price of apartments and villas in Dubai has gone up by 17% and 10 respectively in Q1 2013. While in Abu Dhabi, the low demand has caused a dip in value and rents of both apartments and villas. Bayut.com’s report reveals a 21% and 19% drop in sale price and rental price of villas as well as apartments in Abu Dhabi.

Dubai is at a sterling position in terms of shiny financial progress that refuses to back down. The real estate prices have not once slumped down in the past 16 months and the trend is continuously bullish. The Q1 2013’s report shows a growth of 6.2% in the property sector, which is backed by a rising demand of apartments among the local investors as well as the expats. According to the latest stats recorded by Bayut.com, the massive Dubai real estate boom that started in Q4, 2012 in prime first tier apartments and villas have incurred recovery in the second tier apartments.

Although many known developers and master development companies are churning out one stellar residential scheme after the other, this increase in supply hasn’t lessened the demand, investors’ confidence, or growth in terms of property prices. On the contrary, with launch of every new project, the demand, investors’ confidence and property value in Dubai increases. In effect the percentage of people concerned with the economy slump has also decreased in Q1 2012 form 27% to 13%.

This very strong investor confidence has introduced another equally encouraging trend. The consumer positivity has also increased. With better employment prospects and much improved personal financial condition, expats in Dubai now do afford to spend more money on leisure activities and entertainment. Not just in Dubai, the increasing social status and presence is being seen on the rise in the seven sister states of the UAE.

This realty market’s immense prosperity has also triggered the already bullish revenue generated the UAE’s tourism sector. With relative calm and stabile political activity in the Arab world, experts and locals both see a much better time to come for the realty market as well as the tourism industry. In addition to that, better job prospects are expected. According to independent surveys, 88% of the UAE locals believe that economy will march forward and show better performance in the upcoming 3 quarters. This sentiment is also voiced by expats living in Dubai.

Most importantly this all is going to have a very substantial and enduring effect in the business and retail sector of Dubai. The current rise in consumer sentiment and spending trends isn’t just an isolated behavior. It exhibits belief in emirate’s capability to kindle economic activity, create employment opportunities, and produce more wealth. The Dubai government’s strong commitment to make the Emirate a more friendly and conducive state for business and investment is bearing fruits and generating positive results.

The ‘Reem Desert Oasis’, another stellar project by Emaar, is indeed an oasis in the property of Arabian Desert.  The first phase of this project is ready for the launch.

Reem Desert Oasis is the first gated community by Emaar. It is situated next to Arabian Ranches at the crossroads of Emirates Road and Al Qudra.  With the recent boom in the Dubai real estate sector, the property developers, related government offices and the private sector have joined hands to create the perfect blend of  international architectural standards, luxury and natural beauty.

The community is the newest addition to the Emaar’s portfolio of luxury residences. The managing director of Emaar properties was pleased to report that Reem was an entirely new dimension to leisure lifestyle and meets the international demands for living in an unprecedented ambience that revolves around nature. It is envisioned to be a much sought-after community with its promise of a refreshing lifestyle.

Mira , the  first residential project of the Reem Desert Oasis, features 188 3-bedroom Mediterranean style residences. The cost of these units starts from AED 988,888. This luxury based housing community boasts communal facilities including an exclusive desert botanical park, camping facilities, sand surfing and camel riding trails, go karting track. dune buggies, rock climbing wall and a skate park.

The project also features mosques, retail plaza, residents’ club, restaurants and cafes, nurseries and primary schools, dedicated jogging and bicycle paths, a cricket pitch and several football field. There will also be a miniature golf course and an amphitheater outdoor cinema.

The response to this desert oasis housing seems to be overwhelming. The registration to the 188 houses is to be done on April 13, 2013 at the Emaar Sales Centre in Emaar Square, on first come first serve basis.

With the man-made and natural resources all joining their hands to make a Real estate dream come true in the form of Dubai, it’s not a surprise that popularity of apartments and villas in Dubai is taking a healthy hike.

The latest report from the property experts indicated that the recovery of the Dubai property market that started last year continues in 2013. The data reveals that property prices in the Azure Island went up in the first three months of the year, with average apartment and villa prices rising year on year by 27 and 21 percent, respectively.

The news sources have revealed that the average cost of Dubai apartments increased about 12% during Q1, 2013. This rise in rates indicates an increase demand for apartments in posh localities of Dubai. The property experts and estate agents find this trend healthy for the market and expect that property rates will continue to rise because of the increased demand. On the downside, the growing rates of property have priced out certain buyers and tenants in prime locations.

For rents, a spike of up to 4% has been seen for both apartments and villas during the same quarter. The worth mentioning communities with an impressive rental hike of up to 22% are Dubai Marina and Downtown Dubai. As of April 2013, the average annual rent of 2-bedroom Dubai Marina is AED125,000 and that for Downtown Dubai apartments is AED100,000.

Among the housing projects that experienced a notable price hike, Emaar’s Meadows claimed the first spot with a 10% rise within first 3 months of its initiation. Jumeirah Islands and Jumeirah Village took the second spot with a 9% price hike recorded in the first quarter of 2013.

With the government and the private sector planning to create more spectacular housing communities in the state, it would be no surprise if the increasing demand further elevates the price and rents of villas and apartments in Dubai.

Your favourite Dubai real estate portal Bayut.com has launched the mobile version of its website with the sole intention of providing our users the ease of browsing the website even when they’re on the go.

As is common knowledge, regular websites too can be accessed via smartphones but desktop versions of the website are heavier and take a longer time to upload. Heavier websites also consume a lot of bandwidth and thus makes for an unpleasant browsing experience for the users. So we believe that this mobile version of Bayut.com will go a long way to enhance user experience and to facilitate our widespread clientele.

During 2012, there has been a 225% y-o-y increase in the number of users who prefer browsing websites via their mobile phones. In context with this burgeoning number, popularity of smartphones, increased mobile internet and 3G usages, more and more websites are inclined to develop mobile versions of their website and so we too have done it in hopes of catering to the needs of a wider audience.

The mobile website of Bayut.com offers full functionality in terms of browsing UAE and Dubai properties listed on the portal. You can browse properties for sale and rent and even add them to your favourites’ list by logging into your account. For those users, who do not have an account on Bayut.com yet, they can sign up by filling out a simple sign up form.

If you have not already used our mobile version, then give it a go right now. Sign up on Bayut.com right now and get the latest available Dubai properties on your fingertips.

To meet the increasing and specific needs of Bayut.com’s users, the portal has recently launched its Arabic version. With this step, Bayut.com, the largest and most notable property portal of the UAE, becomes one of the few B2B domains to address its prime users in their first language. The non English speakers from the MENA region can also benefit from the Arabic version and meet their discrete property needs without compromising on any language related barrier.

Arabic is one of the 3 most widely spoken languages of the world today and is spoken by nearly 300 million people across the globe. It is also the official language of about 27 states and the number of its speakers is constantly increasing. By launching an Arabic version, Bayut.com shows it commitment to become the portal of choice for investors stationed in Arabic speaking part of the world. For this purpose, the portal has availed the services of professional translators who have made sure to make browsing and using the Bayut’s Arabic version a comfortable and satisfying experience for Arabic speakers

The brains behind Bayut.com believe that none of the investors from any part of the world should feel handicapped while using the portal for their respective investment needs. With efficient translation, diverse listing of property and estate agents and expert opinion offered through the forum and blogs section, Bayut.com continues to assist its users with well crafted, highly targeted and top notch online real estate services.