Real Estate

Bloomberg The only thing that might be colder than Toronto in January is the Canadian city’s housing market. While the bleak mid-winter is never the best time to sell a home in Canada, a string of open houses in the country’s largest city were chillingly empty on a recent afternoon. Tougher mortgage rules went into effect on January 1 just ...

Dubai / WAM The Dubai Land Department (DLD) has launched its 2018 real estate promotion plan for the Real Estate Investment Management and Promotion Centre, the department’s investment arm. DLD held a press conference in the presence of Sultan Butti bin Mejren, Director-General of DLD, Majida Ali Rashid, Assistant Director-General and Head of the Real Estate Investment Management and Promotion ...

Bloomberg A clear winner is emerging among Chinese equities this year, whether in Hong Kong or Shanghai: real estate. Property firms account for eight of the 10 best performers on MSCI Inc.’s gauge of offshore Chinese shares in January, while developers have rallied the most among industry groups on the Shanghai benchmark. Shimao Property Holdings Ltd. has led the charge ...

Dubai / Emirates Business Azizi Developments, one of the fastest growing developers in the UAE, has announced that it will continue its fast pace of development in Al Furjan in 2018, with a total of seven projects lined up for delivery in Q1 and Q2 of 2018, ahead of planned schedule. The seven serviced apartment projects boast a combined value ...

Bloomberg HNA Group Co. has approached brokers about the possible sale of two office buildings in London’s Canary Wharf financial district as it seeks to shed assets and cut its debt burden, two people with knowledge of the discussions said. The Chinese conglomerate has sought advice from brokers on the value of 30 South Colonnade and 17 Columbus Courtyard with ...

Bloomberg An English spa town and two coastal areas saw the biggest house-price increases in the UK in 2017, outstripping gains in London’s hotspots. Cheltenham in southwest England saw a 13 percent jump in prices in 2017, almost five times the national increase of 2.7 percent, Bank of Scotland Plc’s Halifax division said. The average house in the town, famous ...

DUBAI / Emirates Business wasl properties, a subsidiary of wasl Asset Management Group, officially completed wasl district – the company’s heritage project in the Naif area of Deira. The project fulfills wasl’s mission to maintain the city’s rich history, and follows the launch of wasl district Souq in 2015. Zainab Mohammed, Chief Property Management and Marketing Officer at wasl properties ...

Dubai / Emirates Business Green Valley Real Estate announced on Sunday that the total investment in 2017 skyrocketed and far exceeded the original estimate of AED3.2 billion. Green Valley, an established name in social and international markets, strives to maintain a global presence through established worldwide communities in different countries. As of 2017, the group owns a total of 42 ...

ABU DHABI / WAM Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, has comp- leted the acquisition of International Tower, a high-quality office tower located in Capital Gate district of Abu Dhabi for AED658 million. International Tower comprises 39,000 sqm NLA of Grade A commercial space and will immediately contribute to Aldar’s net operating income supported ...

DUBAI / WAM Dubai-based real estate developer Limitless will close out 2017 with an early payment of AED412.4 million to banks and trade creditors on Thursday, December 21. The payment, a week ahead of the due date, comprises AED297.1 million to banks and AED115.3 million to trade creditors. Once made, Limitless will have repaid almost half of its outstanding bank ...