Showing posts with label arabianbusiness. Show all posts
Showing posts with label arabianbusiness. Show all posts
Monday, April 28, 2008
Kerja Kosong
CAD Drafter - Piping Specialist, Dubai, UAE
Junior Corporate Lawyer, Dubai, UAE
Managing Director - Precious Metals, Cairo, Egypt
Chief Financial Officer, Dubai, UAE
Sales Executive - Showroom, Dubai, UAE
Senior Planner, Dubai, UAE
Design Coordinator, Abu Dhabi, UAE
Senior Design Coordination Manager, Dubai, UAE
Marketing and Communications Manager, Dubai, UAE
Fire Pump Mechanic, Middle East, UAE
More Here
Senior Contract Manager
Hamilton Design International
UAE
Contract Administrators
Dar Al Handasah
UAE
Office Administrator
Candid Management & HR Consultancy
UAE
Regional Program Director
Center for NanoSpace Technologies
UAE
Senior Wealth Manager
Global Fund Group
UAE
Junior Accountant
Act HR Services
UAE
Senior Internal Auditor
Saudi Research & Publishing Co.
UAE
Regional Manager
Hamilton Design International
UAE
Delay Analyst
Dar Al Handasah
UAE
Civil Foreman
Al Falasi Group
UAE
Product Development Manager
Candid Management & HR Consultancy
UAE
Sales Consultant - Interiors
Swarovski ME Fze
UAE
Marketing & Communications Manager
Hamilton Design International
UAE
Financial Controller
Candid Management & HR Consultancy
UAE
Web Content Manager
Flip Media FZ LLC
UAE
Senior Account Executive
Bates Pan Gulf
UAE
Purchase Coordinator
Hamilton Design International
UAE
Claims Analyst
Dar Al Handasah
UAE
Junior Linux Administrator
More Here
Junior Corporate Lawyer, Dubai, UAE
Managing Director - Precious Metals, Cairo, Egypt
Chief Financial Officer, Dubai, UAE
Sales Executive - Showroom, Dubai, UAE
Senior Planner, Dubai, UAE
Design Coordinator, Abu Dhabi, UAE
Senior Design Coordination Manager, Dubai, UAE
Marketing and Communications Manager, Dubai, UAE
Fire Pump Mechanic, Middle East, UAE
More Here
Senior Contract Manager
Hamilton Design International
UAE
Contract Administrators
Dar Al Handasah
UAE
Office Administrator
Candid Management & HR Consultancy
UAE
Regional Program Director
Center for NanoSpace Technologies
UAE
Senior Wealth Manager
Global Fund Group
UAE
Junior Accountant
Act HR Services
UAE
Senior Internal Auditor
Saudi Research & Publishing Co.
UAE
Regional Manager
Hamilton Design International
UAE
Delay Analyst
Dar Al Handasah
UAE
Civil Foreman
Al Falasi Group
UAE
Product Development Manager
Candid Management & HR Consultancy
UAE
Sales Consultant - Interiors
Swarovski ME Fze
UAE
Marketing & Communications Manager
Hamilton Design International
UAE
Financial Controller
Candid Management & HR Consultancy
UAE
Web Content Manager
Flip Media FZ LLC
UAE
Senior Account Executive
Bates Pan Gulf
UAE
Purchase Coordinator
Hamilton Design International
UAE
Claims Analyst
Dar Al Handasah
UAE
Junior Linux Administrator
More Here
Tuesday, April 22, 2008
More Vacancies Today
Construction (270)
Education (1)
Energy (3)
Finance (49)
Healthcare (9)
Hospitality (14)
Human Resources (8)
IT & Telecoms (9)
Legal (7)
Marketing & PR (9)
Media (20)
Oil & Gas (5)
Property (15)
Retail (8)
Sales (23)
Secretarial (12)
Senior Executive (14)
Shipping (1)
Travel (10)
Commis Chefs, Dubai, UAE
Programme Scheduler, Dubai, UAE
Project Manager, Dubai, UAE
Senior Airfield Ground Lighting AGL Engineer, Middle East, UAE
Finance Manager, Abu Dhabi, UAE
Construction Project Manager, Dubai, UAE
Civil Engineer, Dubai, UAE
Managing Director - Investment Banking and Corporate Finance, Dubai, UAE
Senior Wealth Manager Dubai/GCC, Dubai, UAE
Project Director, Dubai, UAE
More Here
Education (1)
Energy (3)
Finance (49)
Healthcare (9)
Hospitality (14)
Human Resources (8)
IT & Telecoms (9)
Legal (7)
Marketing & PR (9)
Media (20)
Oil & Gas (5)
Property (15)
Retail (8)
Sales (23)
Secretarial (12)
Senior Executive (14)
Shipping (1)
Travel (10)
Commis Chefs, Dubai, UAE
Programme Scheduler, Dubai, UAE
Project Manager, Dubai, UAE
Senior Airfield Ground Lighting AGL Engineer, Middle East, UAE
Finance Manager, Abu Dhabi, UAE
Construction Project Manager, Dubai, UAE
Civil Engineer, Dubai, UAE
Managing Director - Investment Banking and Corporate Finance, Dubai, UAE
Senior Wealth Manager Dubai/GCC, Dubai, UAE
Project Director, Dubai, UAE
More Here
Thursday, January 17, 2008
From http://www.arabianbusiness.com/jobs/
Assistant EditorsITP Publishing GroupLocation: Dubai, UAEDescription: ITP Publishing, based in the exciting, tax-free coastal city of Dubai, requires a number of talented assistant editors to join its growing portfolio of business magazines.
Find out more + Add to shortlist
Operational Risk OfficerCharterhouse PartnershipLocation: Dubai, UAEDescription: Gain great exposure and advance your career in risk with a progressive, innovative and leading banking organisation.
Find out more + Add to shortlist
Project Manager - InfrastructureCharterhouse PartnershipLocation: Dubai, UAEDescription: A leading organisation is looking for a proven Project Manager to execute IT infrastructure projects globally. This role will report into the IT Director ensuring the IT delivery function delivers and manages effectively the IT needs of the dispersed business.
Find out more + Add to shortlist
Financial Analyst (Arabic Speaking)Charterhouse PartnershipLocation: Dubai, UAEDescription: Working within the financial control department of one of the most prestigious investment banks based in Dubai, this is an ideal opportunity for a management accountant to move from a commercial business into investment banking.
Find out more + Add to shortlist
Head of Internal AuditCharterhouse PartnershipLocation: Abu Dhabi, UAEDescription: Due to company restructure, one of the regions best respected investment companies is looking for a Head of Internal Audit to join their business. With profits soaring year on year, my client is looking for an experienced Auditor to set up their internal audit function and help them establish themselves as leaders in the UAE Investment market.
Find out more + Add to shortlist
Director for Real Estate DevelopmentCharterhouse PartnershipLocation: Abu Dhabi, UAEDescription: If you are an experienced real estate development professional, currently based in the UAE, my client would like to hear from you. With core values encompassing the highest levels of ethical and moral professionalism, they are an employer of choice in this region.
Find out more + Add to shortlist
Private Equity - Distribution & PlacementsCharterhouse PartnershipLocation: GCCDescription: 2008 sees continued growth in the region and offers experienced professionals the opportunity to develop and reap the rewards. Working closely with the region's leading multinational and regional groups, Charterhouse can offer you solid career advice as you explore the options available to you.
Find out more + Add to shortlist
PlannerCharterhouse PartnershipLocation: Dubai, UAEDescription: Required for a major fortune 500 construction contractor operating across the Middle East. This post will be based in Dubai covering both infrastructure and multi-million Dirham build projects.
Find out more + Add to shortlist
Marketing Assistant - LegalCharterhouse PartnershipLocation: Dubai, UAEDescription: This is an amazing opportunity for an up and coming marketing professional to join a highly successful and international leading law firm. Due to the rapid expansion of their Dubai head office, they are now seeking a Marketing Assistant to work alongside the business development manager.
Find out more + Add to shortlist
And more at http://www.arabianbusiness.com/jobs/jobs/listing/
Find out more + Add to shortlist
Operational Risk OfficerCharterhouse PartnershipLocation: Dubai, UAEDescription: Gain great exposure and advance your career in risk with a progressive, innovative and leading banking organisation.
Find out more + Add to shortlist
Project Manager - InfrastructureCharterhouse PartnershipLocation: Dubai, UAEDescription: A leading organisation is looking for a proven Project Manager to execute IT infrastructure projects globally. This role will report into the IT Director ensuring the IT delivery function delivers and manages effectively the IT needs of the dispersed business.
Find out more + Add to shortlist
Financial Analyst (Arabic Speaking)Charterhouse PartnershipLocation: Dubai, UAEDescription: Working within the financial control department of one of the most prestigious investment banks based in Dubai, this is an ideal opportunity for a management accountant to move from a commercial business into investment banking.
Find out more + Add to shortlist
Head of Internal AuditCharterhouse PartnershipLocation: Abu Dhabi, UAEDescription: Due to company restructure, one of the regions best respected investment companies is looking for a Head of Internal Audit to join their business. With profits soaring year on year, my client is looking for an experienced Auditor to set up their internal audit function and help them establish themselves as leaders in the UAE Investment market.
Find out more + Add to shortlist
Director for Real Estate DevelopmentCharterhouse PartnershipLocation: Abu Dhabi, UAEDescription: If you are an experienced real estate development professional, currently based in the UAE, my client would like to hear from you. With core values encompassing the highest levels of ethical and moral professionalism, they are an employer of choice in this region.
Find out more + Add to shortlist
Private Equity - Distribution & PlacementsCharterhouse PartnershipLocation: GCCDescription: 2008 sees continued growth in the region and offers experienced professionals the opportunity to develop and reap the rewards. Working closely with the region's leading multinational and regional groups, Charterhouse can offer you solid career advice as you explore the options available to you.
Find out more + Add to shortlist
PlannerCharterhouse PartnershipLocation: Dubai, UAEDescription: Required for a major fortune 500 construction contractor operating across the Middle East. This post will be based in Dubai covering both infrastructure and multi-million Dirham build projects.
Find out more + Add to shortlist
Marketing Assistant - LegalCharterhouse PartnershipLocation: Dubai, UAEDescription: This is an amazing opportunity for an up and coming marketing professional to join a highly successful and international leading law firm. Due to the rapid expansion of their Dubai head office, they are now seeking a Marketing Assistant to work alongside the business development manager.
Find out more + Add to shortlist
And more at http://www.arabianbusiness.com/jobs/jobs/listing/
Wednesday, December 26, 2007
http://www.arabianbusiness.com/jobs/
Senior Development Manager
Emaar Properties PJSC
Location: Dubai, UAEDescription: Emaar Properties is one of the leading property development and integrated real estate services companies in the Middle East Region. The Company's core purpose is to improve society's quality of life by creating great places for people to live, work and relax. The Senior Development Manager will help Emaar achieve this vision.
Find out more
Development Manager
Emaar Properties PJSC
Location: Dubai, UAEDescription: Emaar Properties is one of the leading property development and integrated real estate services companies in the Middle East Region. The Company's core purpose is to improve society's quality of life by creating great places for people to live, work and relax. The Development Manager will help Emaar achieve this vision.
Find out more
Project Manager
Emaar Properties PJSC
Location: Abu Dhabi, UAEDescription: The Project Manager is responsible for managing and administering a number of building contracts simultaneously. He must ensure that consultants and all contractors perform their duties and services in accordance with signed contracts and report variances.
Find out more
Manager MEP, Projects
Emaar Properties PJSC
Location: Dubai, UAEDescription: Manage the cost-effective construction of assigned capital property asset, monitoring the activities of all related parties associated with the design and delivery of Emaar projects in order to ensure completion within agreed time programme, cost and specification.
Find out more
Senior Quantity Surveyor
Emaar Properties PJSC
Location: Dubai, UAEDescription: Responsible for the execution of the Quantity Surveying functions with particular emphasis placed on reviews of interim and final payments.
Find out more
Safety Advisor/Manager
etselect
Location: Doha, QatarDescription: Our Client is seeking a Safety Advisor/Manager to join their Doha office.
Find out more
Document Controller
etselect
Location: Dubai, UAEDescription: This organization requires a Document Controller to work in their Buildings Facilities department to work on projects.
Find out more
Senior Electrical Engineer
etselect
Location: Doha, QatarDescription: Responsible for the complete electrical design shop drawing package, material approvals, construction coordination and installation.
Find out more
Senior Contracts Manager
etselect
Location: Doha, QatarDescription: For one of the world's leading MNC / Engineering consultancy having offices all over the UAE and Doha with a number of signature and iconic projects in the gulf region.
Find out more
Assistant Project Manager
etselect
Location: Doha, QatarDescription: NOC from present employer for employed Qatar-based applicants.
Find out more
General Manager Property Development Company
etselect
Location: Khartoum, SudanDescription: Based in Khartoum, the General Manager is responsible for an organisation, which includes five divisions across two operational bases.
Project Manager
Property Consultant
Acquisitions Manager
Project Accountant
Quantity Surveyor Manager
Senior Project Manager/Director
Construction Manager
Architects
Site Architects
Infrastructure Project Manager
Senior Planning Manager / Planning Manager
BIM Support
Dubai
Civil 3D CAD Manager
Dubai
Civil Engineer
Dubai
Engineers - Infrastructure
Dubai
Engineers - Mech/Elec/Fire Prot
Dubai
Landscape Architects - Various Levels
Dubai
Mechanical Engineer
Dubai
Project Manager
Dubai
Structural CAD Draftsperson
Dubai
Structural Engineer
Dubai
Emaar Properties PJSC
Location: Dubai, UAEDescription: Emaar Properties is one of the leading property development and integrated real estate services companies in the Middle East Region. The Company's core purpose is to improve society's quality of life by creating great places for people to live, work and relax. The Senior Development Manager will help Emaar achieve this vision.
Find out more
Development Manager
Emaar Properties PJSC
Location: Dubai, UAEDescription: Emaar Properties is one of the leading property development and integrated real estate services companies in the Middle East Region. The Company's core purpose is to improve society's quality of life by creating great places for people to live, work and relax. The Development Manager will help Emaar achieve this vision.
Find out more
Project Manager
Emaar Properties PJSC
Location: Abu Dhabi, UAEDescription: The Project Manager is responsible for managing and administering a number of building contracts simultaneously. He must ensure that consultants and all contractors perform their duties and services in accordance with signed contracts and report variances.
Find out more
Manager MEP, Projects
Emaar Properties PJSC
Location: Dubai, UAEDescription: Manage the cost-effective construction of assigned capital property asset, monitoring the activities of all related parties associated with the design and delivery of Emaar projects in order to ensure completion within agreed time programme, cost and specification.
Find out more
Senior Quantity Surveyor
Emaar Properties PJSC
Location: Dubai, UAEDescription: Responsible for the execution of the Quantity Surveying functions with particular emphasis placed on reviews of interim and final payments.
Find out more
Safety Advisor/Manager
etselect
Location: Doha, QatarDescription: Our Client is seeking a Safety Advisor/Manager to join their Doha office.
Find out more
Document Controller
etselect
Location: Dubai, UAEDescription: This organization requires a Document Controller to work in their Buildings Facilities department to work on projects.
Find out more
Senior Electrical Engineer
etselect
Location: Doha, QatarDescription: Responsible for the complete electrical design shop drawing package, material approvals, construction coordination and installation.
Find out more
Senior Contracts Manager
etselect
Location: Doha, QatarDescription: For one of the world's leading MNC / Engineering consultancy having offices all over the UAE and Doha with a number of signature and iconic projects in the gulf region.
Find out more
Assistant Project Manager
etselect
Location: Doha, QatarDescription: NOC from present employer for employed Qatar-based applicants.
Find out more
General Manager Property Development Company
etselect
Location: Khartoum, SudanDescription: Based in Khartoum, the General Manager is responsible for an organisation, which includes five divisions across two operational bases.
Project Manager
Property Consultant
Acquisitions Manager
Project Accountant
Quantity Surveyor Manager
Senior Project Manager/Director
Construction Manager
Architects
Site Architects
Infrastructure Project Manager
Senior Planning Manager / Planning Manager
BIM Support
Dubai
Civil 3D CAD Manager
Dubai
Civil Engineer
Dubai
Engineers - Infrastructure
Dubai
Engineers - Mech/Elec/Fire Prot
Dubai
Landscape Architects - Various Levels
Dubai
Mechanical Engineer
Dubai
Project Manager
Dubai
Structural CAD Draftsperson
Dubai
Structural Engineer
Dubai
Saturday, July 14, 2007
Can You Afford It?
Can you afford it?
It's the big question on everybody's lips - just how expensive has life in Dubai become?The signs of inflation are everywhere - from spiralling rents to the price of apples in the supermarket.And if the cost of hamburgers is anything to go by then Dubai has become one of the most expensive cities in the world.
Buying could still be viewed as fairly significantly cheaper here in Dubai than it is in Geneva.
According to recruitment firm Kershaw Leonard's Cost of Living Dubai Report 2007-2008, the emirate is now the third most expensive place in the world to buy a Big Mac burger from McDonald's - US$2.72 compared to US$1.66 in the cheapest place, Hong Kong.
And a recent study by consultancy firm ECA International ranked the emirate as being the 14th most expensive city to rent accommodation out of the 92 it surveyed.
The International Monetary Fund (IMF) estimates the rate of inflation in the UAE at around 10% across the UAE - but believes it could be much higher in Dubai. In this special report we reveal the true cost of your Dubai lifestyle - and ask, can you afford it?
Accommodation
Perhaps the biggest indication of just how high accommodation costs have risen in Dubai is the fact rental costs are now on a par with Geneva - one of the most expensive cities in Europe.
Kershaw Leonard's study compared the cost of renting a four-bedroom villa in the Meadows development with the cost of renting the same size of property in prestigious areas of Geneva and the similarities are staggering.
While the Dubai property costs US$6,000 a month to rent, the Geneva villa costs US$6,275.
Meanwhile a newly built three-bedroom apartment in the Burj Residences will cost occupants US$4,000 per month while a similar property in Geneva costs US$4,600 a month.
Mike Hynes, managing partner of Kershaw Leonard, admits he was surprised by the price parallels between the two cities.
"We chose to compare Dubai to Geneva because Dubai has moved from being a growing city to a world city, which begs a price comparison with other world cities.
"Geneva is generally regarded as one of the most expensive places to live in Europe so I honestly thought there would be a greater disparity between rents in the two places.
"But to all intents and purposes the rent is the same, which makes Dubai a very expensive place to live in world terms."
Experts agree that rocketing property prices are having the biggest impact on the cost of living in Dubai.
Ajit Karnik, professor of economics at the University of Wollongong, says: "The main driving force of inflation in Dubai is the cost of property. If that had remained stable then most people would have been able to absorb other increases in cost."
But it is so significant that families in particular are really being squeezed.
"He blames the steady rise in the cost of accommodation on the fact that demand for housing continues to outstrip supply."
There is a continual influx of outsiders coming in and demand has shot up.
"And although there is talk about supply coming on stream in 2007 and 2008, that assumes that demand will not continue to rise even further."
According to Karnik, the estimated 65% rise in rental prices in Dubai is supported partly by the fact that many expatriates receive allowances for accommodation from their employers so they can afford the increases.
"These people can afford to pay the rents being quoted and once demand starts to match whatever is being asked for there is unlikely to be a downward pressure on rent," he claims.
Meanwhile, he says, the price of freehold property in has received a big boost from the introduction of freehold property laws allowing expatriates to buy.
Property ownership
In the area of freehold property the price of villas has seen the biggest increase with the value of two, three and four-bedroom properties in the Springs, Meadows and Arabian Ranches developments shooting up by up to 50% in the past year alone.
Prices of four-bedroom villas have risen over 45% at Jumeirah Islands, 49% in parts of the Ranches and 35% at Green Community West.
Five bedroom villas rose around 43% in the Arabian Ranches, over 30% on the Palm Jumeirah and 18% in the Meadows between 2006 and 2007.
The price of freehold apartments in Dubai has also shot up with the biggest increase seen in the price of one-bedroom apartments at International City - the price of which have risen by 60% in the past year.
One-bedroom apartments in other areas have seen relatively small rises - 15% at Jumeirah Beach Residence, and Jumeirah Lake Towers and around 5% at Dubai Marina and Discovery Gardens.
However, two-bedroom apartments have rocketed by 50% at Dubai Marina, 40% at the Greens main buildings and around 28% on the Palm Jumeirah.
Alongside rising house prices, the associated costs of actually buying a property in the UAE have risen sharply, reflecting the boom in the country's property market. Mortgage interest rates have risen on average between 0.5% and 0.75% compared to this time last year, from 8% on average to 8.5% now.
This translates into an actual average increase in monthly mortgage repayments of around 15% for buyers.An example of what this means in real terms is that the monthly repayments for a three-bedroom villa in The Springs have increased by around 55% - from AED13,380 one year ago to AED20,925 now.
Despite these increases however, buying a property in Dubai compared to in Geneva remains significantly cheaper.
While the cost of buying a four-bedroom semi-detached Type 1E villa in the Springs is between US$760,000 and US$890,000 the cost of a similar property in Geneva is between US$970,000 and US$1,300,000.
Similarly a four-bedroom detached villa in the Meadows costs up to US$1,450,000 compared to up to US$2,250,000 for a four-bedroom villa in Geneva.
"Buying could still be viewed as fairly significantly cheaper here in Dubai than it is in Geneva, despite the fact that renting is still very much on a par," says Hynes.
To read more on this, go to http://www.arabianbusiness.com/index.php?option=com_content&view=article&id=495893&Itemid=115
It's the big question on everybody's lips - just how expensive has life in Dubai become?The signs of inflation are everywhere - from spiralling rents to the price of apples in the supermarket.And if the cost of hamburgers is anything to go by then Dubai has become one of the most expensive cities in the world.
Buying could still be viewed as fairly significantly cheaper here in Dubai than it is in Geneva.
According to recruitment firm Kershaw Leonard's Cost of Living Dubai Report 2007-2008, the emirate is now the third most expensive place in the world to buy a Big Mac burger from McDonald's - US$2.72 compared to US$1.66 in the cheapest place, Hong Kong.
And a recent study by consultancy firm ECA International ranked the emirate as being the 14th most expensive city to rent accommodation out of the 92 it surveyed.
The International Monetary Fund (IMF) estimates the rate of inflation in the UAE at around 10% across the UAE - but believes it could be much higher in Dubai. In this special report we reveal the true cost of your Dubai lifestyle - and ask, can you afford it?
Accommodation
Perhaps the biggest indication of just how high accommodation costs have risen in Dubai is the fact rental costs are now on a par with Geneva - one of the most expensive cities in Europe.
Kershaw Leonard's study compared the cost of renting a four-bedroom villa in the Meadows development with the cost of renting the same size of property in prestigious areas of Geneva and the similarities are staggering.
While the Dubai property costs US$6,000 a month to rent, the Geneva villa costs US$6,275.
Meanwhile a newly built three-bedroom apartment in the Burj Residences will cost occupants US$4,000 per month while a similar property in Geneva costs US$4,600 a month.
Mike Hynes, managing partner of Kershaw Leonard, admits he was surprised by the price parallels between the two cities.
"We chose to compare Dubai to Geneva because Dubai has moved from being a growing city to a world city, which begs a price comparison with other world cities.
"Geneva is generally regarded as one of the most expensive places to live in Europe so I honestly thought there would be a greater disparity between rents in the two places.
"But to all intents and purposes the rent is the same, which makes Dubai a very expensive place to live in world terms."
Experts agree that rocketing property prices are having the biggest impact on the cost of living in Dubai.
Ajit Karnik, professor of economics at the University of Wollongong, says: "The main driving force of inflation in Dubai is the cost of property. If that had remained stable then most people would have been able to absorb other increases in cost."
But it is so significant that families in particular are really being squeezed.
"He blames the steady rise in the cost of accommodation on the fact that demand for housing continues to outstrip supply."
There is a continual influx of outsiders coming in and demand has shot up.
"And although there is talk about supply coming on stream in 2007 and 2008, that assumes that demand will not continue to rise even further."
According to Karnik, the estimated 65% rise in rental prices in Dubai is supported partly by the fact that many expatriates receive allowances for accommodation from their employers so they can afford the increases.
"These people can afford to pay the rents being quoted and once demand starts to match whatever is being asked for there is unlikely to be a downward pressure on rent," he claims.
Meanwhile, he says, the price of freehold property in has received a big boost from the introduction of freehold property laws allowing expatriates to buy.
Property ownership
In the area of freehold property the price of villas has seen the biggest increase with the value of two, three and four-bedroom properties in the Springs, Meadows and Arabian Ranches developments shooting up by up to 50% in the past year alone.
Prices of four-bedroom villas have risen over 45% at Jumeirah Islands, 49% in parts of the Ranches and 35% at Green Community West.
Five bedroom villas rose around 43% in the Arabian Ranches, over 30% on the Palm Jumeirah and 18% in the Meadows between 2006 and 2007.
The price of freehold apartments in Dubai has also shot up with the biggest increase seen in the price of one-bedroom apartments at International City - the price of which have risen by 60% in the past year.
One-bedroom apartments in other areas have seen relatively small rises - 15% at Jumeirah Beach Residence, and Jumeirah Lake Towers and around 5% at Dubai Marina and Discovery Gardens.
However, two-bedroom apartments have rocketed by 50% at Dubai Marina, 40% at the Greens main buildings and around 28% on the Palm Jumeirah.
Alongside rising house prices, the associated costs of actually buying a property in the UAE have risen sharply, reflecting the boom in the country's property market. Mortgage interest rates have risen on average between 0.5% and 0.75% compared to this time last year, from 8% on average to 8.5% now.
This translates into an actual average increase in monthly mortgage repayments of around 15% for buyers.An example of what this means in real terms is that the monthly repayments for a three-bedroom villa in The Springs have increased by around 55% - from AED13,380 one year ago to AED20,925 now.
Despite these increases however, buying a property in Dubai compared to in Geneva remains significantly cheaper.
While the cost of buying a four-bedroom semi-detached Type 1E villa in the Springs is between US$760,000 and US$890,000 the cost of a similar property in Geneva is between US$970,000 and US$1,300,000.
Similarly a four-bedroom detached villa in the Meadows costs up to US$1,450,000 compared to up to US$2,250,000 for a four-bedroom villa in Geneva.
"Buying could still be viewed as fairly significantly cheaper here in Dubai than it is in Geneva, despite the fact that renting is still very much on a par," says Hynes.
To read more on this, go to http://www.arabianbusiness.com/index.php?option=com_content&view=article&id=495893&Itemid=115
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