Real Estate

Bloomberg The UK election result will create more uncertainty for the London property market, affecting values and sales volumes, real estate brokers say. London homebuilders that develop high-end homes dropped after the hung parliament. Crest Nicholson Holdings Plc fell 6.7 percent, the most in 11 months, and was down 5 percent at 580 pence at 1:16 p.m., making it the ...

Dubai / WAM Emaar Properties PJSC, the global real estate company, announced plans to list its UAE Real Estate development business in order to create significant value for its shareholders. The IPO will be the largest since the Emaar Malls IPO in 2014. Subject to market conditions, Emaar will offer up to 30 per cent of Emaar’s UAE Real Estate ...

Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager known for renowned destinations across the emirate, has partnered with Emirates Gas (EMGAS) to provide residents in its communities access to safer cooking-gas by deploying state-of-the-art LPG composite cylinders. Al Khail Gate will be the first community to benefit from this initiative, which is ...

Bloomberg The chief executive of Australia & New Zealand Banking Group Ltd. has joined the chorus of voices warning of risks in Australia’s surging housing market, though he said the probability of an outright crash is “really low.” Home prices are “very inflated,” ANZ’s Chief Executive Officer Shayne Elliott said in an interview on Tuesday with Bloomberg Television’s Stephen Engle ...

Bloomberg Two miles southeast of London’s Cheesegrater tower, which sold last month for a record price, there’s proof that all is not calm in the city’s property market. At Canada Water, developer British Land Co., which also owned half of the skyscraper, has seen the value of land slashed by almost 11 percent as investors lose their appetite for riskier ...

Dubai / Emirates Business Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), has cemented its position both locally and regionally due to its extensive training programme, which includes comprehensive courses and workshops that are designed to educate real estate employees and professionals. DREI is implementing its training plan in line with its vision to become ...

Bloomberg UK mortgage approvals fell to a seven-month low in a sign the housing market is slowing, though Britons are continuing to take advantage of low interest rates to take on unsecured debt. Lenders approved 64,645 home loans in April, the fewest since September and below the median forecast in a Bloomberg survey. Mortgage lending grew 2.7 billion pounds, the ...

Dubai / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, has launched Casablanca Villas, a collection of fully furnished and serviced luxury boutique villas in Dubai inspired by the enchanting vibes of Casablanca city. As part of its Ramadan specials this year, DAMAC Properties is offering investors and customers the opportunity to pay 60 percent ...

Abu Dhabi / Emirates Business Bloom Properties, a Bloom Holding business specializing in the development of integrated and sustainable communities, announced that it has awarded five construction contracts worth over AED1 billion since the beginning of 2017. Bloom Properties selected leading construction companies to execute its projects. The developer appointed General Construction Company for the main construction works of Stella ...

Bloomberg Snaking queues of thousands of prospective apartment buyers in Hong Kong signalled authorities have made no progress in cooling a red-hot property market, where prices are at records. People were lining up and over the weekend at Victoria Skye, a luxury project at the former airport site of Kai Tak, and at the Ocean Pride development by Cheung Kong ...