UKCIG witness a fall of 10.5% in the value of property in the U.K

Earlier today in the mass media the fourth largest mortgage lender in the UK Nationwide announced that in the last year property prices in the UK have fallen by 10.5%. House prices in the UK have fallen for 10 straight months in a row and economist's have forecast potentially a fall of 35% since the peak.

This is one of the main reasons that UKCIG has been limiting its own as well as their clients exposure to property in the UK.

Even though large parts of the world's property market's look to be contracting UKCIG has still identified area's where property prices aer still appreciating due to robust economies and large shortages of property.

If you want to learn more about some of these regions have a little over some of our projects in the UAE.

Dubai Property Market Article

For some time now property speculators have been buying up large amounts of residential property in Dubai with the intention of making a profit. This in it self has contributed to the massive increase in the value of property in a small period of time. Many are worried that once the market is flooded with completed projects the market will fall dramatically. There is an article that relates specifically to this matter that can be found here. Will the Dubai property market implode.

UKCIG outline's visa process in Ajman

As many who closely follow real estate news in the UAE will know, the laws surrounding visa applications and visa granting have now changed.

UKCIG has been trying to collate infomration relating to all of the Emirates but as of yet can only definitively comment on Ajman. We now know that people purchasing property in Dubai will not be guaranteed visa's.

From statements released by various government organisations the reasoning behind the majority of the changes has been to curb the ever growing problem of illegal workers and immigration.

UKCIG has learnt that visa's will be renewed now every year in the Emirate of Ajman as a pose to every 3 years as previous. Residency visa's will also only be issued once the buyer gets posession of an apartment, and the developer issues a no objection letter.

For more information I would suggest visiting the Zawa News website to find out about visa requirements in Ajman.

New Website Related to UKCIG projects

There is a new website that has been posted that relates directly to all of the UKCIG projects that are currently under construction or are being sold in the UAE.

They currently have two in Dubai and two in Ajman, there is quite a lot of detailed information relating to each of the individual projects.

The website relating to UKCIG can be found here.

UKCIG's Four Projects

In totality UKCIG has four projects in the UAE in its portfolio. Two of these are in Dubai, one in the prestigious Dubai Marina and the other in Jumeriah Village. The other projects are in Ajman, the smallest Emirate in the UAE.

You can get all of the specifics of all the UKCIG's projects here.

Press Release's Relating To UKCIG

There have been some recent press releases from UKCIG relating to their Marina Star development in Dubai Marina. This development has been delayed due to innapropriate planning on behalf of another developer relating to the re-inforcing of the Marina Wall. The timelines that have been put in place by UKCIG are now for the development to be completed by the first quarter of 2011.

Published Article on Ajman

Here is the address of a previous article that has been published by UKCIG. Its mainly focuses on Ajman. It talks about the reasons why UKCIG moved out of Dubai and moved into Ajman, the smallest Emirate of the UAE. If you interested in finding more out about UKCIG have a read.

UKCIG An Introduction.

UKCIG are a global property developer that specialises in real estate acquisition. They currently have a number of projects under construction within the UAE, primarily in Dubai. They also have projects planned in the Emirate of Ajman.

UKCIG's core operations are situated in Dubai but they also have strong links in Europe and Asia.

The vast majority of their operations focus around residential property opportunities in the form of various towers that have mainly been constructed for investors and end users looking to profit from the recent property boom we have witnessed in isolated areas of the UAE.