London Dubai Overseas Property Investment

Housing developer, Persimmon, has reported a 30% fall in sales of new homes in the six months to the end of June. The company sold 5,501 new homes during the period, down from 8,002 in the first half of 2007. Blaming the UK’s shrinking mortgage market for plummeting sales, Persimmon has also revealed that the average selling

Abyaar real estate developer has hailed the decision of the Dubai government to ban speculations in the off plan realty market, seeing it as a move to contribute to the stability of Dubai real estate market. The new regulation is the foundation of the Dubai Land and Property Department and the Real Estate Regulatory Authority, which is seen to better control escalating real estate prices in Dubai.

Fakruddin Properties has noted, the increase in the number of registered real estate developers and related companies in Dubai and Abu Dhabi rising to 4,047, including 1,588 companies and contracting offices in Dubai, and 1,588 management, investment and real estate development companies in Abu Dhabi. The data were gathered from statistics released by Dubai's Real Estate Regulatory Authority (RERA) and the Dubai Land Department, as well as data released by the Abu Dhabi Chamber of Commerce.

Tatweer and Tiger Woods have unveiled the master plan for The Tiger Woods Dubai, the exclusive residential golf community. The project will encompass Al Ruwaya, the first golf course designed by Tiger Woods, which will offer only 200 memberships with residents of the community being given top priority. Residences at The Tiger Woods Dubai will include 22 palaces, 75 mansions, and 100 signature villas.

Emaar has announced thousands of entries have been received in its contest to name the water fountain being developed in Burj Lake within Downtown Burj Dubai. Individuals who wish to participate may suggest one name each online at a dedicated web page for the competition that can be accessed at Emaar website before it closes on September 15.