close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Get real, Part I

Get real, Part I

With the grinding halt of the real estate rollercoaster, exhilaration at the prospect of a ‘fast buck’ is over. What’s next for the industry? Part I.

0

October 27, 2009 3:15 by



Clearly the days of flipping and fleeing are long gone. In the words of Raffaele Semonella, an associate analyst at Moody’s Middle East, the return to early 2008 levels is unlikely. “Market oversupply is expected to remain or even exacerbate, thus limiting any possibility of such a drastic recovery in residential prices,” he says. According to Semonella, property lending on a large scale is expected to remain stable or grow moderately. “Ultimately, we will see more realistic prices across all asset classes.”

Analysts such as Semonella believe a number of key events are likely to shape the sector in the medium term. “There has been consolidation between two key players, Dubai Holding’s real estate activities and Emaar, which could allow the newly created entity to have greater control of the market and benefit from economies of scale.” The proposed consolidation would mean a combined asset base of 194 billion dirhams ($53 billion) and combined external debt of 13.4 billion dirhams ($3.64 billion). It is believed that the opening of Dubai’s Metro could help stabilize the decline in prices particularly in those areas with easier access to the new public transport system. However, oversupply and buyers’ delinquencies are expected to continue to negatively impact revenues and cash-flow generation.



Pages: 1 2 3 4 5 6

0

Tags: , , , , , , ,

Leave a Comment