01 May 08 Real Estate – G Alert Rundown

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Real Estate, G Alert Rundown 4/30/08

Google didn’t send me much today in terms of real estate news – information about real estate around the world and a story about a huge quarter in real estate sales is below.

Things aren’t so dandy if you’re a real estate developer, or real estate investor, in the United Arab Emirates. It looks like the return on investment (ROI) has dropped from 20% to as low as 5%. Reasons for the drop in the ROI stem from an increase in the cost of building materials and electricity. It is still a seller’s market in Dubai and surrounding areas, so investors won’t be leaving any time soon. There is more to read over at Gulf Daily News.

Tags: commercial real estate, dubai real estate, HI real estate, Real Estate