Real Estate

Dubai / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, has announced a collaboration with the Roberto Cavalli Group to launch the world’s first villas to feature interiors with the “Just Cavalli” signature-style. Located in one of Dubai’s most prestigious golf communities, the luxury villas perfectly embody the designer’s bold and iconic styling and ethos, ...

Bloomberg London property sellers are reining in their expectations as demand for homes continues to ease and the slowdown across the market shows few signs of letting up. Asking prices in the city rose 1.6 percent in August over the past year, Rightmove Plc said on Monday. While that’s up from the July pace, it’s well below a 2014 peak ...

Bloomberg An unexplained share surge for developer China Evergrande Group on Monday saw the company blow past China Vanke Co. to reclaim the title of biggest Hong Kong-listed Chinese developer by market capitalisation. On a day when positive news for the industry included China Overseas Land & Investment Ltd. upgrading its sales target and Sunac China Holdings Ltd. predicting a ...

Dubai / Emirates Business Emaar Properties announced the launch of ‘Dubai Hills Mall,’ a family retail district located in the heart of Dubai Hills Estate, the 11 million sqm master-planned green oasis set in easy proximity to Al Maktoum International Airport and Downtown Dubai. A regional retail and leisure destination scheduled to open late-2019, Dubai Hills Mall will have a ...

Bloomberg One in 10 adults in the UK owns multiple houses, underscoring a growing generational divide in the nation’s property market. While overall home ownership has dropped this century as prices skyrocketed, the number of people with at least two properties has jumped 30 percent to 5.2 million between 2000-02 and 2012-14, the Resolution Foundation said. The vast majority of ...

Bloomberg China formally laid down new rules on overseas investments, making explicit its de facto campaign against “irrational” acquisitions of assets in industries ranging from real estate to hotels and entertainment. The authorities set out three categories—banned, restricted and encouraged—while backing companies to support the nation’s ambitious “Belt and Road” initiative backed by President Xi Jinping, the State Council said. ...

Abu Dhabi / Emirates Business Al Forsan Real Estate, the property arm of Al Forsan Holding, announced that its leasing out its Type 1 and Type 2 Villas for AED245,000 and AED265,000 respectively. The Al Forsan Village project spread across 241,985m2 has 385 villas and also encompasses 440 units of one-to-four-bedroom apartments. In addition to UAE nationals, Al Forsan Village ...

Dubai / Emirates Business As much as $55.2bn worth of healthcare projects are in the pipeline in the Middle East and North Africa (MENA) region in 2017, with major new developments expected to be annou- nced at the forthcoming Build- ing Healthcare Innovation & Design Show. According to the latest industry estimates, a total of 37 mega hospital projects are ...

Bloomberg Singapore home sales rose 35 percent in July as new projects were launched. Developers sold 1,108 units last month, compared with 820 in June, according to Urban Redevelopment Authority data. A total of 692 new units were offered, up from 159 in June, the data showed. Singapore’s leaders, determined to keep a lid on home prices in the city-state, ...

Dubai / Emirates Business Dubai Land Department (DLD) has announced that a total of 88 real estate projects have been launched from the beginning of 2016 until H1 2017. DLD has also confirmed that 68 real estate projects were registered during H1 2017, representing a value of AED 21 billion. His Excellency Sultan Butti bin Mejren, Director General of DLD, ...