Categorized | Featured, International

A Brief Look over Real Estate News of UAE

A Brief Look over Real Estate News of UAE
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The real estate news of UAE real estate market has also been discussed several times on television and news papers but much of them were negative. However, with the beginning of the New Year Dubai is going to be considered as the biggest place where one can still make investments even after the great downfall in the economy of UAE.

It has been decided by the government, Dubai Property College and AADO (Arab Administrative Development Organization) to create a training program in the area of real estate education and training sessions throughout the UAE region. According to the Director of the college Mr. Mahmoud El Burai, the development has been made not only to increase the harmonization of the standards but also increasing the chances for real estate property investors with full appeal and credibility so that people and borrowers from all over the world can lend and sell property there and can generate huge outcomes. The training is going to be provided with best international level instructors so that the quality and professional practice can be assured.

Although the prices of housing property in Dubai are down but the activity process is still up. A report issued by CB Richard Ellis shows that the projects that went into pending state at the end of 2009 are decided to be reactivated again with the addition of new contracts and it has also been decided to complete the old pending projects soon. As the home prices are already running down this new inventory will going to be considered as bringing their value down even more.

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About Nancy Raven

Nancy is the main writer for the International section of the website. Sometimes she also helps Drew out on the Finance/Mortgage section as well.

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