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Nabq Bay, Egypt, £ 42,284
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Pure Property Overseas

Pure Property Overseas Limited is a UK based company specialising in overseas property sales in destinations including Spain, Turkey, Egypt, France, Thailand and the UK. As well as our offices in the UK, we include partner offices in Spain, Turkey and Egypt, and so are uniquely positioned to work with you before, during and after your overseas property purchase. 

Here at Pure Property, our experienced and highly professional staff offer an unparalleled market knowledge, and we strive to provide the very best customer service available. It is for this reason that the majority of our sales still come from referrals and existing clients, something we are very proud of, and which we constantly strive to maintain. We look forward to speaking with you! 

Properties: Spain | Turkey | Egypt | South Africa | France 
Hot Locations: Alicante | Istanbul | Sahl Hasheesh | Fethiye

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RERA Cancels 217 Projects In Dubai Since 2009.

A new bond prospectus released by the Dubai Real Estate regualtory Agency (RERA), has announced that 217 of a total of 454 projects were cancelled since 2009. The move, which is a direct response to the considerable decrease in sales of property in Dubai, is seen as part of an ongoing effort to align real estate supply with demand in the emirate.

Since 2009, the value of annual real estate transactions has fallen by over AED30 billion, from AED152 billion in 2009, to AED119.4 billion in 2010. RERA went on to state however that the remaining 237 projects were expected to be completed in due course.

The news is seen as a further blow to the Dubai real estate market, which is still reeling from the after effects of the global economic downturn. With a recent Deutsche Bank AG report stating that home values in the emirate declined in May by 1.2% from the previous month, it seems a recovery in the Dubai property market may still be some way away.



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