Stocks of Dubai developers increase in price

24.03.2016
Share prices of Emaar and Arabtec propelled to 43 and 86%, while the number of real estate transactions is growing in almost all areas of Dubai. Global Capital Partners and Allsopp & Allsopp consultancies both have recorded that investors in the Dubai’s housing market are becoming noticeably more active, while stocks of Dubai's real estate developers break records at the region’s financial markets.
As imexre.com wrote last week, the optimism of Dubai's real estate traders starts affecting the majority of potential investors, which is now confirmed by official statistics. The surest factor, meaning the financial index, indicates that the emirate’s and the UAE’s largest construction companies are doing pretty good: shares prices of such giants like Emaar and Arabtec increased in recent months to 43 and 86%, respectively, while stocks of another major developer Union Properties increased to 46%.
The number of transactions is also growing fast. Starting with such areas like Jumeirah Village, Sports City and JLT, property buying itch is now spreading to elite locations, Global Capital Partners revealed in its report.
“There appears to be much greater optimism on the visibility of earnings as investors have realised that the pessimism had been overdone,” said Sameer Lakhani, Managing Director at Global Capital Partners.
For its part, Allsopp & Allsopp recorded a surge in buying activity on the basis of their sales transactions: in February it registered 62% more transactions than the previous month, while 52% of properties listed for sale were on the market for less than two weeks before they were sold.
Lookup portal believes that Dubai property prices returned to its pre-winning Expo 2020 levels, meaning that the subsequent correction after that just cooled down the unnecessary speculative hype.
In February, according to imexre.com and the GCP, the number of transactions has grown even in such prestigious Dubai areas as Palm Jumeirah (42 transactions in February), JLT (97 deals), Emirates Living (92 deals), Downtown (44 deals versus 38 in January) and Jumeirah Village (72 transactions in February versus 52 in January). It is expected that other elite residential communities will soon follow them.
“What we are witnessing is a continuing stabilisation of transactional activity across the spectrum of communities,” said Sameer Lakhani.

Subscribe to our news

Latest Availability
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

Up to 2 days

Signing of the lease agreement

Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

1 Week

Registration of the contract of purchase / sale

Customer charges:

  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration

Additional services:

Property management

Sales Process

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

1 Week

Registration of the contract of purchase / sale

Expenses of the investor:

  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration

Additional services:

Property management