Real Estate

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 ...

Bloomberg Prime London property has had a tough year, but there are signs that the slump is easing. The capital’s three most expensive boroughs—the City of Westminster, Camden, and Kensington and Chelsea—each saw sales jump by more than 20 percent in the third quarter from the same period in 2016, according to a report from LSL Acadata. The year-earlier period ...

Bloomberg Singapore’s home sales rose in November, extending gains for a year that is already the best since 2013, as developers marketed more projects. Developers sold 785 units in November, up from a revised 760 in October, according to Urban Redevelopment Authority data. Singapore’s property market is turning around, with home prices climbing again after a record run of declines ...

DUBAI / Reuters Major Saudi Arabian real estate developer Dar Al Arkan plans a project in Dubai and is considering whether to invest in Morocco and Europe as it begins to expand internationally, its chairman Yousef al-Shelash told Reuters on Tuesday. “We have a good opportunity now to grow outside Saudi because we have the cash, we have the capability,” ...

Dubai / Emirates Business Dubai Land Department (DLD) has arrived in Baku as part of its real estate roadshow, which was organised by the Real Estate Investment Management and Promotion Center, the department’s investment arm. The capital of the Republic of Azerbaijan in the latest stop of the international roadshow, which aims to encourage real estate investment in Dubai across ...

Bloomberg Chinese billionaire He Xiangjian, who founded the world’s largest appliance maker Midea Group Co., is planning an initial public offering of his real estate business, according to people with knowledge of the matter. Guangdong Midea Property Co. has been speaking with investment banks about a potential Hong Kong share sale that could take place in 2018, the people said. ...

Dubai / Emirates Business Dubai breaks into the Top 30 Global Cities ranking for the first time, according to JLL’s annual Global Cities Ranking, ‘Global300’ survey focused on evaluating 300 cities that are centered around commercial real estate activity. Ranking 27th place out of the 300 cities surveyed, Dubai moved up ranking in each successive year from 36th place in ...

DUBAI / WAM The Dubai Land Department (DLD) has successfully concluded its real estate roadshow and workshops in Moscow, Russia. The Real Estate Investment Management and Promotion Centre, the investment arm of DLD, oversaw the event with a delegation that was led by Majida Ali Rashid, Assistant Director General and Head of the centre. Majida Rashid said, “Dubai real estate ...