Consultancy Cushman & Wakefield cuts Dubai jobs

UAE real estate purchases dropped by 44 percent to 1,459 in the third quarter of this year compared to the same period a year earlier, CBRE said last month. In the third quarter of 2008, at the height of the five-year property boom, 4,059 transactions were made in the third quarter. 

Analysts remain concerned that the estimated 33,000 new homes scheduled to hit Dubai’s market by end-2012 could cause fresh declines in rental and sale prices. Rating agency Moody's said last month that that house prices are unlikely to recover until 2016.

Cushman & Wakefield said in an emailed statement it was shifting its focus to other areas of growth in the Middle East.

“Cushman & Wakefield recently restructured its Dubai office to primarily focus on servicing the needs of its corporate clients in the Middle East region,” it said.

“Cushman & Wakefield continues to operate and service clients from Dubai and also from Bahrain....Cushman & Wakefield is currently exploring potential client-led expansion opportunities in other parts of the Middle East region.”

Our home away from home in Dubai | GranTourismo!

Dubai. We love the chic, sleek, white, minimalist style of the living and dining areas, but the chandelier in the entranceway and a couple of rooms are a tad ostentatious for us. But, hey, this is Dubai. There’s also a wide range of villas in all styles to choose from (see here ), and if we were staying in one again, we’d probably pick this funky place .

Outside, there’s an infinity pool, which is more of a plunge pool, not big enough to do laps in but large enough for everyone to cool off in (and it’s heated in winter!), and a few steps below is a sandy beach where the local residents love to walk, jog, fish, swim, kayak, and row. There are plenty of sun beds, and tables and chairs on a wooden deck overlooking the water and near the barbecue at the side of the house, and there’s enough lawn for the kids to play on. All of which makes the home ideal for a family, group of friends, or several couples holidaying together.

The property even comes with a housekeeper, Azem, who woke early to welcome us, took our luggage upstairs, and discretely does the dishes, makes our bed, and potters about in the garden during the day. I imagine honeymooning couples might not like anyone else around, but Azem must be a godsend for groups. If you can’t tear yourself away from the people, Azem will happily go shopping for you.

So in terms of amenities and quality of fittings – we’re talking marble floors, plush furnishings, mood lighting, big fluffy towels etc – Villa Talida is easily on par with Dubai’s luxury beach resorts. The price per night* is also on par with the city’s five-star hotels – however, you couldn’t comfortably fit ten people into a room, nor would you have your own beach and plunge pool.

You can make savings by cooking your own food and hiring a car, although a taxi from Villa Talida to Dubai Mall is only AED21 or £3 and from there you can catch the Dubai Metro for £1 a ride.

The only thing missing is a concierge, but there’s a very helpful information folder (include resto, bar and shopping tips), a complimentary mobile phone, Atlantis is a ten minute-walk up the road – and you can always buy one of our guidebooks of course.

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Buy,Sell or Rent Properties in Dubai - Better Homes ( Kash Qureshi )

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