Real Estate

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 ...

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 ...