London’s The Arts Club to Open in Dubai The Arts Club will be located in the $1-B ICD Brookfield development in Dubai International Financial Centre London’s private The Arts Club is to open its 1st overseas location in Dubai next year. The club, spanning 64,000sqft, will be located in the $1bn ICD Brookfield development in […]
The 2018 Atlantic hurricane season starts June 1, and forecasters are reporting we could once again see above-normal storm activity. It only takes one storm to threaten millions of people and the American Red Cross wants everyone to be safe between now and when the season ends in November. The Red Cross is getting ready […]
Nasdaq Dubai today welcomed the listing of US$400 million Sukuk by DAMAC Real Estate Development Limited, DRED. The listing on the region’s international exchange supports DAMAC Properties’ capital raising programme for general corporate purposes and its ongoing growth strategy, as it continues to extend its footprint in the Middle East and beyond with projects in […]
British nationals have invested US$8.47 billion (AED31.1 billion) in Dubai’s real estate during the last four years (2014-2017), according to the statistics released by Dubai Land Department, DLD. The United Kingdom is one of the largest investment source markets for Dubai’s real estate. Following the Brexit vote in 2016 and subsequent move for separation from […]
Following its initial launch in April 2018, Victoria Dockside, the ambitious 3 million-square-foot, HK$20billion (US$2.6 billion) global art and design district along Hong Kong’s iconic waterfront, sets a new record in office rental rate in Tsim Sha Tsui, Hong Kong. Two new tenants at K11 Atelier, situated within Victoria Dockside, are taking up over 10,000 […]
The United Arab Emirates retains its position as the top country Arab youth would like to live in and want their own countries to emulate for the seventh consecutive year, according to the ASDA’A Burson-Marsteller Arab Youth Survey 2018, released on Tuesday. The 10th annual survey also reveals that young Emiratis are extremely optimistic about […]
Property giant Ayala Land Inc. grew its first quarter net profit by 17 percent year-on-year to P6.52 billion, driven by the double-digit expansion of the residential development and commercial leasing businesses. Total revenues also increased by 17 percent year-on-year to P36.98 billion, Ayala Land disclosed to the Philippine Stock Exchange on Tuesday. Property development revenues […]
New York City’s Plaza Hotel Has Been Sold The iconic buyers of The Plaza are Shahal Khan, founder of Dubai-based family office White City Ventures, and Kamran Hakim, of New York landlord Hakim Organization. They agreed to pay $600-M for the hotel, at 1 Central Park South and 5th Avenue, in a deal that is […]
Assets that Will Suffer on the Return to the Normal Interest Rate Regime $SPY, $GLD, $SLV, $BAC While Treasuries faded a bit after 10-year yields tapped at the 3% mark last week for the 1st time in 4 years, expectations are mounting that higher rates will soon be normal again, that rate historically is 5.0% […]
China has moved to support the issuance of rental properties-backed securities to help finance a burgeoning rental housing market, a crucial part of its planned policy package that aims to stabilize the real estate sector. The real estate investment trust (REIT), a means of property asset securitization, will be piloted for developers to raise funds, […]
US New Home Sales Up 4%, West Marks 11-Year Highs Sales of new US single-family homes increased in March as sales in the West rose to their highest marks in more than 11 years. The Commerce Department said on Tuesday new home sales increased 4.0% to a seasonally adjusted annual rate of 694,000 units last month. February’s […]
Expensive Home Prices and Sales Rise in the US A housing shortage, strong economy and demand have driven many homes in major US cities over $1-M, offsetting buyers’ concerns about the reduced benefits of owning a pricey property under President Donald Trump’s tax reform, the data show. Home sales at $750,000 and above have risen […]
eLocations.com, the global proptech startup – has successfully closed its seed round of one million Swiss francs from a group of independent, private global investors. Investment has come from the UK, Switzerland and Austria. Rents, premiums, key money, surrenders and property sale prices – nothing is as opaque as the real estate vacancy market when […]
Atlantis Sanya, the first Atlantis resort in China, will fully open to the public on April 28, 2018. The grand opening of this ocean-themed integrated entertainment destination will coincide with the festivities of Hainan Province Special Economic Zone 30th Anniversary. Located on the Haitang Bay National Coast in Hainan province, Atlantis Sanya joins the flagship […]
Look at the US Economic Reports Going into Earnings Season $DIA, $SPY, $QQQ Economic Growth and Investment The latest industrial production report was much better than expected and positive on multiple levels. Overall production was up 1.1% while the manufacturing component was up 1.2%. Probably more importantly, the improvement in manufacturing was centered on business […]
General Hotel Management Ltd (GHM) in The Palace of the Gods The hotel will have approximately 108 rooms. The design brief calls for a communal space without the boundaries of a traditional lobby, reception, bar & restaurant. It’ll be a place where you can play, rest, eat, read, talk, work and connect with other people. […]
Palm Beach Real Estate: Is the Palm House Saga Over? UNITED STATES DISTRICT COURT, DISTRICT OF CONNECTICUT issues several criminal indictments for multiple violations of federal law and conspiracy. Several guilty pleas have been obtained. South Atlantic Regional Center (“SARC”), Mr. Joseph Walsh, and his companies have been absolved from blame or fault or wrongdoing […]
Californians Fleeing Jerry Brown’s Sanctuary State California is a Key battleground state on the issues of immigration reform and protecting illegal immigrants in sanctuary cities. The state’s progressive Democratic Governor Jerry Brown has approved a law that prevents police from inquiring about immigration status and curtails law enforcement cooperation with federal immigration officers. The Golden […]
Dubai International Financial Centre announced today the completion of ‘The Exchange’ building. Located in DIFC’s Gate Village, The Exchange is a Ground + 8 storey building with a total leasable area of 147,000 sq. ft, of which 114,000 sq. ft. is office space and 33,000 sq. ft. is retail space. The AED180 million building comprises […]
Xenia Hotels & Resorts, Inc. (NYSE: XHR) (“Xenia” or the “Company”) today announced that it has completed the previously announced sale of the leasehold interest in the 693-room Aston Waikiki Beach Hotel (“Hotel” or “Aston Waikiki”) in Oahu, HI for a sale price of $200 million, or approximately $310,000 per key. The price represented a […]
Dubai Electricity and Water Authority, DEWA, gives great importance to the sensible use of electricity and water in line with its efforts to achieve the Dubai Plan 2021, to make Dubai a smart, integrated and connected city whose resources are sustainable, the Dubai Clean Energy Strategy 2050, to establish a sustainable model in energy conservation […]
DP World Strong Results DP World today announced strong financial results for the twelve months ending 31st December, 2017. On a reported basis, revenue grew 13.2% and adjusted EBITDA increased 9.1% with adjusted EBITDA margin of 52.4%, delivering profit attributable to owners of the Company, before separately disclosed items, of US$1,209 million, up 7.3%, and […]
Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) is exhibiting at this year’s ITB. The world-renowned travel trade show is taking place from 7th to 11th March in Berlin and features 10,000 exhibitors from more than 180 countries. This year marks Dubai’s 29th year at the international show, underlining the emirate’s commitment to the […]
US Household Household Wealth is “at pretty dizzying levels right now” $DIA, $SPY, $JPM Americans’ wealth rose more than $2-T in Q-4 of last year, pushing further into record territory, thanks to The Trump Bull Market and rising property prices, data from the Fed showed Thursday. According to the Quarterly Fed report, household net worth, […]
A Chinese tycoon’s purchase of vast wheat fields in France highlights China’s increasing acquisition of foreign farmland as the Asian giant seeks to keep up with its massive population’s growing appetite. With 1.4 billion mouths to feed — one-fifth of the world’s population — but less than 10 percent of the planet’s arable land, China […]
Sharjah Oasis completes AED3 billion in infrastructure works at Sharjah Waterfront City Sharjah Oasis Real Estate is a highly ambitious company with a universal vision, led by a team of passionate professionals who are ready to challenge the status-quo and conventional ways to achieve significant advancements in economic, social and environmental development within the Real […]
Emaar Properties recorded a net operating profit of AED 5.704 billion (US$ 1.553 billion) during full-year (January to December) 2017, a growth of 16 per cent over the FY 2016 net operating profit of AED 4.917 billion (US$ 1.339 billion). Total revenue for FY 2017 increased by 21 per cent to AED 18.812 billion (US$ […]
The United Arab Emirates has been ranked 1st in the world in terms of being different and distinctive and 10th in the world in the way it projects its power on the global stage. The accolade is given in the 2018 Best Countries rankings, covering 80 countries and published by the newspaper US News and […]
What is the Happiest Place in America ? Hawaii is the State With the Happiest Workers in America; D.C Has the Unhappiest: Study by Sokanu Sokanu’s study provides a timely insight into what makes a fulfilling career in today’s world – Hawaii claimed the top spot for America’s happiest workers for the second year in […]
Trump is Creating Global Growth For the first time in many years, the World Bank’s outlook for the global economy is better than expected rather than worse, with all regions seeing improved growth, according to its latest forecast released Tuesday. However, the bank warns that countries must make investments to improve their growth prospects, and […]
The Dubai Land Department, DLD, has announced the launch of Dubai Property Festival, DPF, a three-day sales and purchase event to be held at the Dubai World Trade Centre from 9th to 11th April, coinciding with a series of events in Dubai aimed at attracting global investment to the UAE. The three-day festival is expected […]
For the second year in a row, Baltimore tops Orkin’s Top 50 Bed Bug Cities list, released today. New York fell four spots, while Dallas-Fort Worth joined the top 10. San Diego and Albany rejoin the list, after falling out of the top 50 in 2017, and New Orleans and Flint, Mich. join the list […]
Travel News: Dubai Still Booming Emirates has been named the world’s safest airlines in 2017, according to a specialised study which was conducted by the Jet Airliner Crash Data Evaluation Centre (JACDEC) for the air industry magazine Aero International. Etihad Airways featured high as well among the world’s safest airlines, according to the list which […]
World’s New Tallest Hotel to Open in Dubai The Emirate already holds the record for the world’s tallest hotel with the JW Marriott Marquis Dubai will become the home of the world’s new tallest hotel in the coming weeks as the Gevora prepares to opens its doors. The emirate already held the record for the […]
A UAE newspaper has said that the New Year’s Day will bring many things. Well-wishers and revellers will gather at tourist spots and significant sites around the UAE to mark the arrival of 2018 with a bang, as they come together to watch one of the official fireworks displays. In an editorial on Sunday, The […]
US Home Values Gained $2-T Under President Trump in 2017 Your home value gains was robust this year in a good US housing market. The value of the entire US housing stock increased by 6.5%, or $2-T in 2017, according to a report from Zillow. All homes in the country are now worth a cumulative $31.8-T. The […]
US Pending Home Sales Higher, Housing Supply Short $DIA, $SPY, $QQQ, $VXX More people signed contracts in November to buy homes, with pending sales rose 0.2% as the US housing market copes with a dwindling supply of properties on the market. The National Association of Realtors said Wednesday that its index of pending home sales was 109.5 […]
Real Estate Report: Abu Dhabi Abu Dhabi remains a growing Real Estate market. A total of 1104 buildings have been completed in the Emirate of Abu Dhabi during Q3 2017, a growth of 3.6 percent from 1066 buildings during corresponding period 2016, in a yet a fresh sign reflecting the significant improvement in the realty […]
For Sale: Italian Alps Retreat Visited by Popes An Alpine chalet near the French border where Pope John Paul II and his successor Pope Benedict XVI spent some Summer vacations is up for sale. The news agency ANSA reported Saturday that the Salesian Order that owns the chalet is selling the property in the mountain […]
New-Home Sales Spike 17.5% in Biggest Rise in 25 Years New US home sales saw their largest monthly increase in more than 25 years in November, with buyers in the fire-stricken West snatching up new houses at a rapid pace, according to government data released Friday. The increase pushed the volume of sales to a […]
The Annual Investment Meeting, AIM, will take place at the Dubai World Trade Centre from 9th to 11th April 2018 with the participation of leaders, decision-makers and high-level local, regional and international government officials. The annual forum is one of the leading regional events on foreign direct investments, FDI, and is organised by the UAE […]
The economy in Dubai has continued to grow at a fast pace in 2017 guided by a leadership that has its eye on the future and a government committed to the emirate’s sustainable development and global leadership, said Sami Al Qamzi, Director-General of Dubai Economy. “The growth is expected to continue unabated in the next […]
Sky-high Housing Costs Make California the Poorest State California leads the nation once again in a statistic no state wants to boast about. When the cost of living is factored in, the Golden State has the highest poverty rate in the country. More than 20 percent of its residents struggle to make ends meet, according […]
EU Property Giant Bets $16-B on US Shopping Malls $UNRDY, $WFGPY, $AMZN Europe’s biggest property firm Unibail-Rodamco (OTCMKT:UNRDY) is to buy US and UK mall operator Westfield Corp. (OTCMKT:WFGPY) for $16-B, a defensive move to create a global leader in a sector grappling with the online shopping challenge led by Amazon (NASDAQ:AMZN). The transaction gives […]
Thailand is well position to connect investors to new opportunities arising from the increasing border trade and the region’s rapid economic growth. With its strategic location in the center of ASEAN with emerging markets, including Cambodia, Laos, Myanmar, Malaysia and southern China, on its border. In the first nine months of 2017, statistics from Thailand’s […]
US Real Estate: Five Housing Trends for 2018 Inventory constraints that have fueled a sharp rise in home prices and made it difficult for buyers to gain a foothold in the market will begin to ease next year as part of broad and continued market improvements, according to the realtor.com®2018 National Housing Forecast released today […]
UAE’s achievements in the field of Infrastructure in 2017. Infrastructure is one of the main pillars in the UAE’s development achievements helping to ensure continued growth and to facilitate the fulfilment of the UAE Vision 2021. This seeks to achieve a sustainable environment and infrastructure by 2021, and the UAE has set Key Performance Indicators […]
On the occasion of the UAE’s 46th National Day celebrations, the Emirates News Agency, WAM, has compiled a series of reports regarding the achievements of the state over the past year. In part nineteen, we look at the work in progress to ensure that EXPO 2020 will be a global success. On 15th January, 2017, […]
The combined value of the 11,755 active construction projects in the UAE has exceeded US$818.2 billion (around AED3 trillion) in November 2017, according to latest UAE Construction Analytics report issued by BNC Network, the largest and most comprehensive project research and intelligence provider in the Middle East and North Africa (MENA) region. This makes the […]
Travel News: Dubai Remains a Hot Spot Dubai International, DXB, welcomed 6.9 million passengers in October, according to the monthly traffic report issued today by operator Dubai Airports. Passenger traffic at the DXB reached 6,865,296 in October compared to 6,420,208 recorded in the corresponding month last year, an increase of 6.9 percent. Year to date, […]
US New-Home Sales Spikes 6.2% to 10 year Highs Americans bought new homes in October at the fastest pace in a decades, a 6.2% monthly increase that reflects both the underlying strength of the economy and a shortage of existing homes for sale. The Commerce Department said Monday that new-home sales last month rose to a seasonally […]
Hong Kong Real Estate Defying Gravity $JLL, $HSBC, $JPM Hong Kong’s steaming housing market shows no signs of cooling down anytime soon. Prices in the City have climbed 11% YTD defying skeptics waiting for the bubble to burst and government attempts to rein in the world’s most expensive housing market through a raft of taxes and […]
Julius Baer’s Lifestyle Index 2017: Wealth Report: Asia The Asian wealth management landscape Asia is Julius Baer’s second home market and a powerhouse of global wealth creation. The region’s pool of investable assets held by High Net Worth Individuals (HNWI) is on track to reach USD 14.5 trillion by 2020, representing growth of 160% in […]
Homeownership Does Not Build Wealth Like Other Investments $DIA, $SPY, $QQQ, $VXX A home is a place to live, raise ad family and thrive, if it goes up in value it is a lucky extra Homeownership is necessarily better than paying rent, according to a study Florida Atlantic University, Florida International University and the University […]
Dubai’s Bulgari Resort Hotel Opens in December $MAR The Bulgari Resort is located on an exclusive Seahorse-shaped island off of Jumeirah Road Dubai’s new Bulgari Resort, claimed to be the emirate’s most expensive hotel, will officially open to the public on 7 December, as part of a wider project under development by holding company Meraas. […]
Commercial prices will plateau and may fall in large markets, but secondary markets will experience sustained demand and stable real estate prices, according to Lawrence Yun, National Association of Realtors® chief economist. During a commercial real estate forecast session today at the 2017 REALTORS® Conference & Expo, Yun and JLL Chief Economist Ryan Severino both […]
As the most renowned homeland of overseas Chinese, Jiangmen has worked to create an innovative industrial cluster known as “Qiaomengyuan” (the Dream Incubator for Overseas Chinese), set up a 2-billion-yuan start-up and innovation development fund and build a transportation hub for the west bank of the Pearl River. According to the People’s Government of Jiangmen […]
The International Monetary Fund expects the United Arab Emirates’ economic growth to nearly triple next year as the country’s capital Abu Dhabi, benefits from an expected recovery in oil prices, according to Bloomberg. The UAE’s gross domestic product will expand 3.4 percent in 2018, largely on expectations that growth in Abu Dhabi will surge to […]
A landmark skyscraper owned by Hong Kong’s richest man Li Ka-shing has sold for a record price of more than $5 billion, the company confirmed Wednesday, indicating the city’s booming property sector shows no sign of slowing down. The rumoured sale of The Center, the city’s fifth-tallest building, was first reported last month. Li’s CK […]
Saudi Arabia’s New Mega City NEOM is Crown Prince’s Desert Dream Future reforms are expected to cut subsidies, raise taxes, overhaul the education system Saudi Arabia’s planned $500-B mega-city is an oasis of stunning cliffs, sandy beaches and high-tech projects powered by wind and solar energy where robots outnumber humans and a cosmopolitan lifestyle offers […]
The UAE has implemented the highest number of reforms in the region in the past 15 years, with 33 reforms, followed by Saudi Arabia, with 30, making it the top-ranked economy in the GCC, revealed the World Bank Group’s latest ‘Doing Business 2018: Reforming to Create Jobs’ report. In the global ranking stakes for the […]
Lennar (NYSE:LEN) Acquisition Creates US Mega Homebuilder $LEN, $CAA Lennar Corp (NYSE:LEN) will buy rival CalAtlantic Group Inc. (NYSE:CAA) for $5.7-B, creating the largest home-builder in the United States. The deal announced by the companies Monday is the 1st major merger in the US housing sector in more than 2 years and will make the […]
US Housing Market is Roaring Here is more evidence that the defining characteristic of the US housing market is a shortage of inventory for sale: Homes are sitting on the market for the shortest time in 30 years, according to an annual report on home-buyers and sellers published today by the National Association of Realtors. The […]
The price of bitcoin will grow tenfold in the next decade with the cryptocurrency’s market capitalization exceeding a trillion dollars, says an investment analyst who predicted the surge to $5,000 when bitcoin was trading at $2,600. Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. […]
Travel Australia: Perth’s New Esplanade Hotel The New Esplanade Hotel, the successor to the storied old Esplanade hotel that fell to the wrecking ball in the early 1970’s, is embarking on a renovation and repositioning that will reestablish its position as a vibrant link on Perth’s Elizabeth Quay. The hotel’s new management company, Louis T […]
The DreamEast Festival of Creativity, hosted by the DreamEast Group and with the support of the Communication University of China, was formally launched on October 25th and will continue until November 25th. During the festival, DreamEast plans to collect the most creative proposals while seeking to recruit the world’s most creative talents, with the goal […]
The Travel Industry is Booming The International Air Transport Association (IATA) said Tuesday it expects 7.8 billion passengers to travel in 2036, a near doubling of the 4 billion air travelers expected to fly this year. The prediction is based on a 3.6 percent average compound annual growth rate noted in the release of the […]
Investing in China After the CPC Investors in China including HEFFX paid close attention to the 19th National Congress to help guide them in to what will become the hot areas of the Chinese Economy. For those of us looking to gauge the growth trajectory of China’s economy over the next five years, meaningful hints […]
Li Ka-shing’s HK Skyscraper Sold for Record HK$40.2-B The landmark building owned by Hong Kong’s richest man Li Ka-shing has been sold to a consortium led by a Chinese energy firm. A landmark building owned by Hong Kong’s richest man Li Ka-shing, 89 anni, has sold for a record price a report said last week, […]
China’s property market is expected to continue stabilizing in the fourth quarter of this year, a senior official said Sunday. The market will continue to see slower growth in transaction volume and stabilizing prices, Minister of Housing and Urban-Rural Development Wang Menghui told a press conference on the sidelines of the 19th National Congress of […]
The Railcar Indicator Points to Growth in China Warren Buffett once said that if he were stuck on a desert island and allowed only one number to know how the economy was doing, he would pick railcar traffic. Using that indicator China looks ready to continue their stellar growth for decades to come. A total […]
Real Estate: The Most Valuable Residential Lands in the USA At the Pacific Ocean on the West and the Los Angeles Country Club at the East, the 90402 Zip Code is prime Real Estate. In fact, according to a new study, it is the most exclusive address in the USA It is not about the […]
China is set to raise the curtain for the national gathering of one of the world’s largest political parties on Wednesday. The 19th National Congress of the Communist Party of China (CPC) will “make new strategic arrangements for the country’s reform and development over the next five years and beyond,” Tuo Zhen, spokesman for the […]
Investing in Thoroughbred Syndications Knightsbridge can make your dream of owning a racehorse a reality. Thoroughbred syndication will give you the fantastic opportunity of owning your very own share in a racehorse for a very fair price. If you have a passion for horse racing, you’re not alone. The thrill of watching your own horse […]
Vendors of commercial real estate assets continue to attract a diverse group of eager buyers deploying an abundant supply of capital across asset classes and geographical boundaries. In some markets, scarcity of product has resulted in peak pricing, leading some investors to look further afield in a world of shrinking returns – and to take […]
Fairfax Media Limited (ASX:FXJ) New IPO Fairfax Media’s shareholders are set to vote on spinning off its lucrative property advertising division, the Australian publishing giant said Friday. Like its international peers, Fairfax — the owner of major mastheads The Sydney Morning Herald, The Age and The Australian Financial Review — has seen profits hit by […]
US Housing Starts Fall for 2nd Month Running, Stocks Mark Record Highs $DIA, $SPY, $QQQ, $VXX The S&P 500 is at new highs for the 7th session running as The Trump Rally extends US home-building fell for a 2nd straight month in August, as a rebound in the construction of single-family houses was offset by […]
Property Bubble Warning for Hong Kong, Sydney, Shanghai Hong Kong, Shanghai and Sydney property prices have reached risky levels, says S&P Global Ratings. “Asset prices, especially property prices, today are as stretched as they were before the Asian crisis,” Elena Okorochenko, head of Asia-Pacific ratings, said at a conference in Singapore yesterday. Combined with increased […]
Spending within the UAE’s travel and tourism sector is expected to rise steadily over the next five years and reach over US$56 billion in 2022 as new mega-projects come to market, a recent analysis conducted by the Dubai Chamber of Commerce and Industry shows. The analysis, based on new data from Business Monitor International, BMI, […]
Dubai Property: New Projects Flourish Property developers in Dubai showcased new multi-billion-dollar mega-projects on Monday despite falling prices, in the hope of stimulating demand and helping to end a three-year market downturn. Exhibitors at the three-day Cityscape Global showed off models of high-end skyscrapers and even “Floating Venice”, a resort complete with underwater suites. The […]
Total value of 7,878 active building projects in the UAE reached US$227.9 billion (AED836 billion) at the beginning of September 2017, according to BNC Network, the largest and most comprehensive project research and intelligence provider in the Middle East and North Africa, MENA, region. Of these building projects, high-rise buildings account for $100.5 billion while […]
The 6th session of the UAE-China Joint Economic Committee held in China’s capital of Beijing, has concluded with the two sides reporting their achievements in the development of cooperative frameworks in several vital areas of common interest. The UAE delegation was headed by Sultan bin Saeed Al Mansouri, Minister of Economy, while the Chinese side […]
Expo 2020 Dubai’s legacy development District 2020 will be unveiled to the public tomorrow, Monday, at Cityscape Global 2017 in Dubai. The world-class district will be an integral part of the legacy of Expo 2020 Dubai from Q4 2021, and support the acceleration of the emirate’s development. It will be a long-term economic contributor for […]
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– FPL expects millions of customers could lose power, with some areas experiencing prolonged outages – FPL has assembled the largest pre-storm restoration workforce in U.S. history, with more than 16,000 ready to respond, including FPL employees and workers from other utilities and electrical contracting companies – FPL is anticipating a significant and challenging restoration […]
The number of constructed buildings in Abu Dhabi reached 913 during the second quarter of 2017 compared to 751 buildings during the same period of 2016, a growth rate of 21.6 percent. Construction experts have stated that the increasing pace of construction in Abu Dhabi reflects its ongoing urban renaissance during the two last decades, […]
Dubai Property Market Sentiment Worse Than Last Year The Core Savills reveals that there were misconceptions about oversupply in the emirate but rents could continue to soften. Only about 33% of people in Dubai believe the Emirate’s property market has shown signs of recovery, indicating worse sentiment than last year, according to a survey by […]
Dubai’s New Tallest Tower is Taking Shape The $1-B mixed-use building will form the centerpiece of the 6 sqkm Dubai Creek Harbour The Tower at Dubai Creek Harbour, slated to become the new tallest tower in Dubai is now taking shape in the Emirate. Launched in April last year, the $1-B mixed-use building will form […]
Wildfire: Largest LA History, 100’s of Homes at Risk More than a 1000 firefighters are battling the largest wildfire in Los Angeles history contended with erratic winds Sunday, but more moderate temperatures could help contain a blaze that has forced hundreds to evacuate their homes. The nearly 5,900-acre La Tuna Fire, named after the canyon […]
Top 10 Nationalities of Real Estate Investors in Dubai Emiratis made the most number of transactions between January 2016 and June 2017 The Dubai Land Department (DLD) has revealed a list of the Top 10 nationalities of real estate investors in Dubai between January 2016 and the end of June 2017. Overall, people from 217 […]
Mantra Samui Resort Launches New Spa Featuring Home-Grown Botanicals Opening special “A Mantra for Mantra” package combines treatments, meditation and yoga With a new natural spa and the launch of a wellness experience “A Mantra for Mantra,” the all-new Mantra Samui Resort is attracting spa-goers to its peaceful perch overlooking the Gulf of Thailand. […]
Discovering Bali’s Last Wild Frontier: The Tabanan Regency Few destinations evoke visions of paradise like Bali. With its stepped terraces of rice, dramatic highland gorges, beaches of volcanic sand and omni-present Balinese dance-drama, the name of the place is a panacea. There’s one corner of Bali that remains largely untouched and truly delivers on these […]
Sanctum Inle Resort Lauded As One Of The World’s Most Outstanding Hotel Debuts Sanctum Inle Resort, a new 94-room resort situated on the banks of storied Inle Lake, has won a coveted spot in Condé Nast Traveller India’s Hot List 2017. The Indian version of the prestigious magazine brand has announced its annual compendium […]
US existing homes sales fell in July for the second straight month as high prices and tight supply kept would-be homeowners from signing on the dotted line, industry figures showed Thursday. The National Association of Realtors said prices continued to rise faster than incomes in much of the United States, with most homes selling in […]
Expansion projects and new investments are expected to fuel growth within the UAE’s logistics sector over the next five years, according to a recent analysis by the Dubai Chamber of Commerce and Industry. The positive outlook is supported by expectations of strong growth in the country’s air and sea freight markets. The analysis, based on […]
Housing is The Top Consumer Spending Category in the UAE Among GCC countries, consumer spending per household in the UAE was highest during Y 2016 at $103,000 Consumer spending in the UAE is expected to exceed $261-B in Y 2021, compared to nearly $183-B in Y 2016, according to research released by the Dubai Chamber […]
Landing Jeju Development Co., Ltd. (LJDC), a wholly owned subsidiary of Landing International Development Limited (HKSE Code: 582) and the developer and operator of Jeju Shinhwa World, and global content leader Lionsgate (NYSE: LGF.A, LGF.B) today announced plans to develop Lionsgate Movie World at Jeju Shinhwa World, Korea. Lionsgate Movie World, spanning approximately 1.3 million […]
Safest City in The World: Abu Dhabi Abu Dhabi has been named the safest city in the world by Numbeo, a website that curates and collates data to develop the world’s largest user-contributed database about cities and countries worldwide. With the lowest crime index of just 13.54 in the past six months, and the highest […]
Dubai Real Estate Report Dubai Land Department, DLD, has announced that a total of 88 real estate projects have been launched from the beginning of 2016 until H1 2017. In a statement, DLD confirmed that 68 real estate projects were registered during H1 2017, representing a value of AED 21 billion. Sultan Butti bin Mejren, […]
The Tropicana Cenang, Langkawi project is set to become a world-class tourist destination as well as a family hub for leisure and entertainment Property developer, Cenang Resort will transform Tropicana Cenang into a high-end seafront resort-living lifestyle mixed development The 350-room hotel, Wanda Realm Resort Langkawi will be managed by Wanda Hotels & Resorts, a […]