Abercrombie Fitch Wien is really an international rating agency that's recently predicted not able to Dubai real estate. Based on it, market inDubai doesn't necessarily look to be recovering until 2012 to 2013. The foremost reason daunting the process of healing, according to it, is oversupply of properties. In contrast, banks are unable to increase demand by lowering their home interest rates in the minimum due to significant refinancing risks faced by them. Because of that sufficient quantity of house loans are unavailable and loan rates are increasing about them, keeping this sector under constant pressure.Fitch predicted that your Dubai rental market will face a decline of 20% to 40% with the upcoming quarters of 2011. This decline probably will continue over the following 12 to Eighteen months. This is due to the reason why many real estate investment developers continue lowering their rents to rent out house on whatever price they get as it. They feel to get little bests to build nothing.Abercrombie Wien added that unavailability of home loans and the expense is forcing developers distribute their assets to carry out their upcoming and halted projects and repay credit liabilities. However this cannot continue finally. Free of the interference of presidency and central bank ofDubai, developers cannot repay their liabilities which is maturities are falling near. This is exactly why, these are currently relying much more on quick maturity loans. The developers need support the same shape as lowering cost on mortgage and further relaxing of lending criteria.Also, Fitch highlighted the on-going Dubaireal estate market situation. According to the latest report, sales prices belonging to the Dubai properties showed stagnant improve second and third quarter of 2011. Apartments and commercial properties in Palm Jumeirah and DIFC still belong to high price brackets. In terms of the health of villas, their rental prices also showed stagnant growth except in the 2 main places: Meadows and The Springs where 5% to 6% decline is observed thanks to oversupply of units.Also, the particular vary as per the a better standard of facilities and amenities inside of the houses or apartments. Report also added that Palm Jumeirah remained are often home in, during the second and third quarters of 2011. Abercrombie Fitch concludedDubaireal estate marketplace is showing stagnant indications of stabilization consequently it requires a little time till it recovers completely. This time around appears to be are available in 2012 to 2013.William King is considered the director of Property in Dubai, Dubai Apartments and UAE Property. Fresh 18 experience on the marketing and trading industries as well as been helping retailers, entrepreneurs and startups making use of their product sourcing, promotion, marketing and afford chain requirements. Abercrombie Fitch Wien is really an international rating agency that's recently predicted not able to Dubai real estate. Based on it, market inDubai doesn't necessarily look to be recovering until 2012 to 2013. The foremost reason daunting the process of healing, according to it, is oversupply of properties. In contrast, banks are unable to increase demand by lowering their home interest rates in the minimum due to significant refinancing risks faced by them. Because of that sufficient quantity of house loans are unavailable and loan rates are increasing about them, keeping this sector under constant pressure.Fitch predicted that your Dubai rental market will face a decline of 20% to 40% with the upcoming quarters of 2011. This decline probably will continue over the following 12 to Eighteen months. This is due to the reason why many real estate investment developers continue lowering their rents to rent out house on whatever price they get as it. They feel to get little bests to build nothing.Abercrombie Wien added that unavailability of home loans and the expense is forcing developers distribute their assets to carry out their upcoming and halted projects and repay credit liabilities. However this cannot continue finally. Free of the interference of presidency and central bank ofDubai, developers cannot repay their liabilities which is maturities are falling near. This is exactly why, these are currently relying much more on quick maturity loans. The developers need support the same shape as lowering cost on mortgage and further relaxing of lending criteria.Also, Fitch highlighted the on-going Dubaireal estate market situation. According to the latest report, sales prices belonging to the Dubai properties showed stagnant improve second and third quarter of 2011. Apartments and commercial properties in Palm Jumeirah and DIFC still belong to high price brackets. In terms of the health of villas, their rental prices also showed stagnant growth except in the 2 main places: Meadows and The Springs where 5% to 6% decline is observed thanks to oversupply of units.Also, the particular vary as per the a better standard of facilities and amenities inside of the houses or apartments. Report also added that Palm Jumeirah remained are often home in, during the second and third quarters of 2011. Abercrombie Fitch concludedDubaireal estate marketplace is showing stagnant indications of stabilization consequently it requires a little time till it recovers completely. This time around appears to be are available in 2012 to 2013.William King is considered the director of Property in Dubai, Dubai Apartments and UAE Property. Fresh 18 experience on the marketing and trading industries as well as been helping retailers, entrepreneurs and startups making use of their product sourcing, promotion, marketing and afford chain requirements.

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