Real Estate

Bloomberg On the less fashionable fringes of London, home sellers are quickly finding out just what the market can bear. Buyers fleeing the capital’s costly center turned peripheral boroughs into London’s hottest property markets. Now, more sellers in those areas are being forced to cut their prices after values quickly outstripped the spending power of the average buyer. The number ...

Abu Dhabi / Emirates Business Bloom Properties, a Bloom Holding business specializing in the development of integrated and sustainable communities, has commenced the main construction works at its ‘Soho Square’ urban development on Saadiyat in Abu Dhabi. Bloom Properties has appointed Emirates Link Maltauro, a leading construction group in the UAE to carry out the main works of the development. ...

Bloomberg The Swedish and New Zealand housing markets are the most at risk of a correction among the so-called G-10 economies, according to Goldman Sachs. In a report on house prices in G-10 nations — those with the 10 most-traded currencies in the world — Goldman finds they are most elevated in small, open economies such as Sweden and New ...

Dubai / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, has launched Aknan, a collection of 3-bedroom luxurious villas that pays homage to the sentiment of home being such a central part of life. Aknan Villas will go on sale in Dubai on May 24 at Roda Al Murooj Hotel, Al Yasat Ballroom, Downtown Dubai ...

Bloomberg London house prices rebounded in May, rising to a record as buyers and sellers defied the usual trend of holding off on property transactions before an election. The average asking price in the city rose 2.1 percent from April to 649,864 pounds ($846,000), property website Rightmove Plc said on Monday, even with the upcoming UK general election on June ...

Dubai / Emirates Business Emaar Turkey, the country-subsidiary of Emaar Properties PJSC, opened Emaar Square Mall, a world-class retail and leisure destination located in the heart of Emaar Square, an elegant master-planned development. With its architecture inspired by İstanbul, one of the most beautiful cities in the world, Emaar Square Mall showcases some of the world’s leading retail, entertainment and ...

Doha / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, is set to launch Burj DAMAC Seaviews in Qatar next week. The 31-storey tower, featuring luxury furnished and serviced apartments and townhouses ideally located at the beachfront in Lusail City, is set to raise the standards of hospitality in the city and beyond. Burj DAMAC ...

Bloomberg Australia’s prized AAA rating will only rest on a firm footing once there’s a “meaningful moderation” in housing and credit, S&P Global Ratings said as it maintained a negative outlook on the country’s sovereign score. The country’s rating was affirmed by the credit assessor after the latest federal government budget projected a return to surplus by 2021, although S&P ...

Bloomberg Developers’ hunger for Singapore land is adding to signs that the city’s housing market is making a comeback after three years of price declines. As new home sales surge after an easing of property restrictions in mid-March, developers are becoming more aggressive in bidding at land auctions. On average, they’ve paid a 29 percent premium, the highest level in ...

Dubai / Emirates Business DAMAC Properties Dubai Co. PJSC, a leading property developer in the Middle East, on Monday announced the financial results for the first three months ending March 31. During the first three months of 2017, DAMAC recorded revenues of AED 1.95 billion, with gross profit margins at 54%. Net profit for the reporting period stood at AED ...