Real Estate

  Bloomberg Singapore’s property demand remains “very resilient,” supported by factors including low interest rates and a stable economy, National Development Minister Lawrence Wong said. “Our economy is still growing, so I think demand is still healthy and our assessment is these factors will remain for some time,” Wong, who’s also the second finance minister, said in a Bloomberg Television ...

  Bloomberg China home prices increased last month in the fewest cities in a year, signaling property curbs to deflate a potential housing bubble are taking effect. New-home prices, excluding government-subsidized housing, gained last month in 45 of the 70 cities tracked by the government, down from 46 in December, the National Bureau of Statistics said Wednesday. Prices fell in ...

  Dubai / Emirates Business After the roaring success of the Dubai Property Show in Mumbai last December and the phenomenal response that it garnered in other global destinations including London and Hong Kong, the 6th edition of the popular Dubai real estate exhibition is now headed to Shanghai. The exhibition will be held at the prestigious Shanghai World Expo ...

  Ras Al Khaimah / Emirates Business RAK Properties PJSC, Ras Al Khaimah’s largest property developer listed on the Abu Dhabi Stock Exchange, revealed continued growth and increased profit margins in 2016 following 12 months of key announcements and operational achievements. The company, which has been leading the residential and commercial development of Ras Al Khaimah while rolling out a ...

  Bloomberg London house prices posted their largest annual drop in almost six years in February as high values deter- red buyers. The average asking price in the capital fell 0.4 percent to 641,116 pounds ($797,000) this month from a year earlier, the first annual decline since April 2011, property website Rightmove Plc said on Monday. While asking prices gained ...

  Dubai / Emirates Business Dubai Land Department (DLD) announced that its work on Dubai’s Building Classification project is now being carried out at an accelerated pace, with the organisation expecting to complete its survey of all buildings across the Emirate this year. The announcement came following Dubai Land Department achieving a 50% classification rate for all Dubai properties, with ...

  ABU DHABI / WAM Mubadala Investment Company, the newly-formed strategic investment company wholly owned by the government of Abu Dhabi, announced that its Board of Directors, chaired by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and its vice-chairman, HH Sheikh Mansour bin Zayed Al ...

  RAS AL KHAIMAH / WAM Ras al-Khaimah Chamber of Commerce and Industry (RAK Chamber) hosted a high-level Belgian delegation led by Pieter De Crem, Belgian Secretary of State for Foreign Trade, to explore investment opportunities, enhance economic relations and bolster means of cooperation. The meeting was part of the Belgian delegation’s visit to the UAE, organised by the UAE ...

  Dubai / WAM Dubai Municipality confirmed that more than 85% of the existing buildings and establishments in the Emirate of Dubai comply with the approved planning and construction rules and regulations. “One of the main tasks of the Building Inspection Section in our Buildings Department is the constant control and inspection of all existing buildings and establishments in the Emirate ...

  Dubai / WAM Global developer Emaar Properties PJSC recorded a robust full-year 2016 net profit of AED5.233 billion, 28 percent higher as compared to the FY 2015 net profit of AED4.082 billion. Emaar achieved FY 2016 revenues of AED15.540 billion, an increase of 14 per cent over FY 2015 revenues of AED13.661 billion. Highlighting the strength of its diversified business ...