Dubai / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, on Sunday launched Golfotel, the only premium 5-tower hotel property surrounded by a golf course in Dubai. The announcement was made as part of DAMAC Properties’ participation at the Arabian Travel Market 2017. Golfotel will feature over 2,000 well-appointed contemporary rooms with golf views ...
Read More »Real Estate
Britons’ housing market confidence near 3-year low
Bloomberg Britons’ confidence in the housing market stayed near a three-year low in March as sentiment toward the economic outlook soured, according to Halifax. An index of home-value expectations climbed to 44 from 42 in October, when Brexit pushed it down by a record to its lowest level since June 2013, the lender said. Fifty-eight percent of respondents predict ...
Read More »Sales of existing US homes rise fastest in decade
Bloomberg Sales of previously owned US homes rose more than forecast in March to the fastest pace in a decade, signaling sustained momentum in the housing market despite higher prices and scarce supply, a report from the National Association of Realtors showed. Contract closings jumped 4.4 percent to a 5.71 million annual rate (forecast was 5.60 million), the highest ...
Read More »Mid-income housing in focus at Cityscape Abu Dhabi 2017
ABU DHABI / WAM Cityscape Abu Dhabi 2017, the region’s premier real estate forum, has drawn a large number of property developers who displayed a series of products for middle-income segments that secured a massive turnout over the three-day event, concluding today in the UAE capital. Up to 100 companies from around 13 world countries are showcasing in excess ...
Read More »Hydra Properties announces progress of its projects
Abu Dhabi / Emirates Business Hydra Properties announced the progress of two of its developments, Hydra Avenue and Hydra Village, at the Cityscape Abu Dhabi property exhibition. According to the announcement, Hydra Village Zone 8 in Shahama, is now 70% complete with an expected handover date of Q4 2017. While Hydra Avenue phase 2 in Reem Island is progressing ...
Read More »Homebuilders could be losers in US trade policy
Bloomberg A long-simmering trade dispute between the US and Canada over lumber is heating up, increasing the cost of building houses and causing American businesses to hunt for supplies in other countries. A detente between the normally friendly neighbors expired in October, and a new agreement isn’t on the horizon. That’s contributed to a more than 20 percent surge ...
Read More »DP launches sales of ‘Arabella3’
DUBAI / Emirates Business Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, on Tuesday announced the launch of sales of the third edition of the Arabella Townhouses (Arabella 3) in response to high customer demand. The launch of sale of Arabella 3 comes in the wake of an enthusiastic market response to Arabella 1 ...
Read More »Cityscape Abu Dhabi 2017 kicks off
Abu Dhabi / Emirates Business His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, on Tuesday opened ‘Cityscape Abu Dhabi 2017’ at Abu Dhabi National Exhibition Centre (ADNEC) which is regarded as the key barometer for the region’s property sector, Cityscape Abu Dhabi acts as a platform for developers, investors, real estate professionals ...
Read More »Mubadala unveils Arzanah masterplan
Abu Dhabi / WAM HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, visited the Mubadala Real Estate and Infrastructure stand on Tuesday at this year’s Cityscape Abu Dhabi. Mubadala Real Estate and Infrastructure unveiled the masterplan for Arzanah, a new community development designed to become the new urban destination of Zayed Sports City. The ...
Read More »China’s property market curbs fail to deter investors
Bloomberg The world’s hottest property stocks are to be found in China as tougher measures to cool real estate prices fail to deter investors. Chinese companies account for nine of the 10 best performers this year on the Bloomberg World Real Estate Index. Among members of the MSCI China Index, Country Garden Holdings Co., Sunac China Holdings Ltd. and ...
Read More »