Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager of renowned destinations across the emirate, has announced an investment of AED10 million for planned enhancements in the popular Remraam community, strategically located in Dubailand. Dubai Properties has awarded the contract to build 450 new free visitor parking spaces within the community to Gulf ...
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Manhattan home sales surge as price discounts draw in buyers
Bloomberg Manhattan homebuyers found deals they couldn’t refuse in the second quarter, driving up sales of previously owned properties by the most in more than two years. Purchases of resale homes jumped 16 percent from a year earlier to 2,597, according to a report by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. Buyer interest was fueled by ...
Read More »Dubai Properties releases additional units in Arabella 3
Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager of renowned destinations across the emirate, announced the release of additional units to the third edition of the Arabella Townhouses (Arabella 3). A strategic decision, prompted by popular demand, now offers buyers and investors another chance to own property in one of the most ...
Read More »Norway’s housing market downturn gathers pace
Bloomberg One of the world’s hottest housing markets is now cooling fast, sparking concern that a bubble is bursting after the rapid price increases over the past years. Average nationwide house prices fell seasonally adjusted 0.7 percent in June, declining for a second month, Real Estate Norway, Eiendomsverdi and Finn.no said on Wednesday in Oslo. Annual nationwide gains slowed to ...
Read More »Investors shun Indonesia developers amid home price surge
Bloomberg Analysts love them, investors loathe them. Three out of the seven Indonesian stocks which have unanimous buy recommendations from analysts are residential developers and all of them have fallen by at least 16 percent this year. Predictions that lower interest rates in Indonesia and last month’s decision by Standard & Poor’s to raise its sovereign rating to investment grade ...
Read More »Dubai Properties breaks ground on emirate’s newest marina
Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager, has announced the commencement of work on the new Marasi Business Bay marina. The installation of the pontoons, which marked the occasion, took place in the presence of Abdulla Lahej, Group CEO of Dubai Properties at the Marasi Business Bay Promenade. Launched by Dubai ...
Read More »UK house prices climb to record even as sales slow in London
Bloomberg UK house prices climbed to a record last month as a slowdown in London sales was offset by a stronger market in the north of the country, according to a report by Acadata and LSL Property Services Plc. Prices in England and Wales rose 0.3 percent from April to an average of 303,200 pounds ($386,000), despite the uncertainties of ...
Read More »Dubai Properties announces sale of Casa Viva townhouses
Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager, announced the launch of sales of Casa Viva, marking phase 3 of its family-friendly Serena community at Dubailand from Monday at the newly opened Dubai Properties Sales Gallery on the 9th floor in Vision Tower, Business Bay. The launch of the well-appointed and affordable ...
Read More »London property market faces more headwinds after polls
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 ...
Read More »Emaar plans to IPO 30% of realty development business
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 ...
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