How land reclamation projects have impacted the value of real estate in the UAE In an era where almost anything seems possible we seem to be faced with two unique issues, each of which are moving in diverging directions. The first is due to the effects of climate change which are forcing people to have […]
One of the hottest topics circulating around the agriculture industry the past few years has been the land market. In 2019, the topic is open for more speculation than ever as land values and the market are on edge trying to decide if prices will be pressured down or if the market will establish a […]
Palms Casino Resort brings together an eclectic group of pop culture icons and friends of the resort to break the Las Vegas status quo and usher in a new era for the iconic city. The launch of the Palms’ new campaign, “Unstatus Quo” celebrates a truly transformational, different by design, $690 million renovation that touches virtually every aspect of […]
Real estate investing can be a great way to earn a passive income. You can convert your property to a hotel or resort, and accept guests who’ll pay for their accommodations. With proper maintenance, your property can become the reason why you’ll become financially stable in the long run. Just as how great the rewards […]
Want to take money orders and earn a six-figure salary in real estate? Quickly discover the advice of Mike Ferry, American guru of real estate and learn by heart! A winning mindset, a constant updating of skills, a solid and permanent work program … these are the ingredients of success according to the Ferry Method. […]
Selling a home is not a simple, as there a number of factors come into play when determining a fair price, many of which can be killing the home’s value without the owner realizing it. Here we look at the Key factors the can negatively impact a property’s value, as listed by GOBankingRates, as follows: […]
$PHLX FLASH: US home sales spiked in February to their highest mark in 11 months, a sign that the Fed’s halt in interest rate hikes is starting to boost the US economy. The National Association of Realtors said on Friday existing home sales rose 11.8% to a seasonally adjusted annual rate of 5.51-M units last month. […]
Shayne Heffernan remains bullish on the outlook for China and Chinese Companies “Asia is going to be the centre of the Financial World for the next 100 years” China’s real estate investment increased 11.6 percent year on year in the first two months of this year, the National Bureau of Statistics said Thursday. The growth […]
The Year Ahead by Philip Lowe Governor of the Reserve Bank of Australia Thank you for the opportunity to address the National Press Club. It is an honour to have been invited. The media and the RBA have a special relationship. Most people in the community hear the RBA’s messages through the media. You report […]
Introduction RBA Financial Conditions and the Australian Dollar – Recent Developments Thanks to XE for the opportunity to be here in Melbourne to speak to you. A lot has happened in financial markets globally and in Australia since late last year. I thought it would be helpful to summarise the key developments, including revisions to […]
Increased infrastructure spending could bode well for the UAE economy, finds the latest Q4 edition of Global Economic Conditions (GECS) from the Association of Chartered Certified Accountants (ACCA) and Institute of Management Accountants (IMA). The UAE GECS survey found overall economic confidence higher in Q4, recovering some of the ground lost in Q3. Lindsay Degouve […]
A dream retirement means something different for everyone, but it is often centered around comfortable living, even for active adults on a budget. Knowing how far a dollar will go can help define what becomes an attainable reality. That’s why 55places.com, the number one resource for active adult communities in the United States, identified the […]
Leather riding boots are neatly lined up on a carpet, a picture shows blood-thirsty hounds on a fox hunt and a fountain spews water from the mouths of stone horses. It may have the trappings of upper-class Britain, but this is in fact suburban Shanghai and the County Down Club, the self-styled first exclusive membership […]
Wall Street fell again on Monday while other global stocks mostly fell as a wave of fake news and misleading commentary about economic growth swept over investors. US President Donald Trump lambasted the Federal Reserve again, calling on the central bank not to raise interest rates a day before policymakers are due to meet. Markets […]
Confidence among Japan’s biggest manufacturers was unchanged this quarter after slipping for three consecutive surveys, central bank data showed on Friday. The Bank of Japan’s Tankan report — a quarterly survey of about 10,000 companies — showed a reading of 19 among major manufacturers in its December survey. The reading was unchanged from the previous […]
The Hong Kong Trade Development Council (HKTDC) today published its annual export forecast, saying it expects Hong Kong exports to increase 5% in value and 3% in volume in 2019. Meanwhile, the latest HKTDC Export Index for the fourth quarter of 2018, also published today, edged down slightly on the previous quarter, showing that exporters […]
Brazil’s central bank on Wednesday left its key interest rate at 6.5 percent, in its board’s last meeting before far-right president-elect Jair Bolsonaro takes office on January 1. The rate has been kept at that level since March, after several preceding cuts. Market analysts had expected it to remain untouched. The bank said in a […]
Apart from excessive taxation, senseless levels of immigration and an undercurrent of Socialism, Europeans have more reasons to be concerned. A chapter of eurozone history will come to a close Thursday, with the European Central Bank widely expected to withdraw a key element of support for the economy while reassuring observers fearful of the growing […]
Ambitious plans to position Laguna Lang Co as one of Asia’s most far-reaching integrated resorts are ratcheting up with the official launch of the property’s exclusive Banyan Tree Residences. Unfolding over 280 hectares of prime oceanfront real estate in central Vietnam, the project is already renowned for its two award-winning resorts Banyan Tree and Angsana […]
MBH Corporation plc has today completed its first acquisition after the up-list to the Prime Market of the Dusseldorf Stock Exchange and a dual listing onto the Frankfurt Stock Exchange. MBH Corporation plc is pleased to welcome du Boulay Contracts Ltd to the Construction Services Group of MBH Corporation plc, purchasing 100% of the share […]
US Household Wealth +$2-Trillion in Q-3 Driven by Stocks and Real Estate $SPY The stock market rally since 8 November 2016 drove US household net worth to a record high of $109-T in Q-3 The Fed said Thursday that the value of Americans’ stock and mutual fund holdings soared $1.2T. Home values rose $200-B. Other […]
US Home Mortgage Activity at 2-Month Highs as Loan Costs Fall Interest rates on 30-year, fixed-rate “conforming” mortgages with balances of $453,100 or less, averaged 5.08% last week, US borrowers filed the most home mortgage applications in nearly 2 months as 30-year home loan costs fell to their lowest marks since early October, the Mortgage […]
Australian Dollar: Interest Rates on Hold Australia’s central bank kept interest rates at a record-low on Tuesday as a drop in house prices accelerated as the country stagnates. Borrowing costs have stayed at 1.50 percent since they were last cut in August 2016, when the economy was transitioning away from an unprecedented mining investment boom. […]
The past year has not been too kind for property sellers in the Big Apple as they have had to deal with a lukewarm real estate market for most of 2018. CNBC reported in October that the market had cooled down to levels that hadn’t been seen since 2009. This unprecedented cool down has seen […]
As the winners of the biggest corporate prize in decades — the new Amazon headquarters — relished their victory, debate was still raging over the billions of dollars in incentives offered to attract the fast-growing US technology colossus. The new Amazon “HQ2” with an estimated $5 billion investment creating 50,000 new jobs will be split […]
The Monetary Authority of Singapore (MAS) announced today initiatives to enhance private markets financing channels, including a programme to place up to US$5 billion for management with private equity (PE) and infrastructure fund managers. 2 Mr Peter Ong, MAS Board Member and Chairman of Enterprise Singapore, highlighted the new initiatives at the Global Investor Summit […]
US New Home Sales Fall as Mortgages Rates Rise Sales of new US single-family homes fell to a near 2-year low in September and data for the prior three months was revised lower, the latest indications that rising mortgage rates and higher prices were sapping demand for housing. Though housing accounts for a small share […]
New Tax Breaks Available for Investing in US ‘Opportunity Zones’ The Trump Administration is proposing rules for investors in a new program that it says could have a big impact on economically depressed areas around the country. About 8,700 so-called “opportunity zones” have been set up in all 50 states to lure investors and developers […]
Hurricane Michael’s Damage Could Top $25-B The monster storm made landfall Wednesday in the Florida Panhandle Michael is the 4th-strongest hurricane ever to reach the US Mainland ever. Hurricane Michael will probably end up causing at least $25-B (an perhaps more) in economic losses. About $3-B of that will fall on the federal flood insurance […]
Banyan Tree Samui Lands Spot in Condé Nast’s ‘Best Resorts’ List The New York-based magazine announces its much-coveted Readers’ Choice awards for 2018. Banyan Tree Samui, an 88-villa property overlooking a secluded bay of sapphire waters in the Gulf of Thailand, has been recognized as one of Asia’s top resorts in Condé Nast Traveler’s Readers’ […]
South Africa’s New Apartheid: Seizing Land from White Farmers President Cyril Ramaphosa has embraced the plan to expropriate land from white farmers without compensation and redistribute it to the landless black majority. The South African government has announced it will start a process of briefing American companies based in the country on the theft of […]
The Conference Board Consumer Confidence Index increased in September, following a large improvement in August. The Index now stands at 138.4 (1985=100), up from 134.7 in August. The Present Situation Index improved marginally from 172.8 to 173.1, while the Expectations Index surged from 109.3 last month to 115.3 this month. The monthly Consumer Confidence Survey®, […]
Rising Interest Rates and the Federal Reserve The US economy is cranking out robust figures 10 years after the start of the global financial crisis: strong growth, historically low unemployment, a soaring stock market. But with the good news come rising interest rates as the Federal Reserve — which on Wednesday is expected to raise […]
China is the last bulwark against a deep crisis in emerging economies going fully global, analysts say, although a prolonged trade war could sap Beijing’s defences. Emerging countries — loosely defined as having fast growing but volatile economies — have seen their currencies battered in recent weeks, plunging their finances into turmoil, and raising fears […]
Central Pattana Plc (BKK:CPN) Grand Opening of Central Phuket Central Pattana Plc (CPN), Thailand’s largest retail property developer recently celebrated the Grand Opening of Central Phuket, its world-class luxury flagship mall. Establishing a new ‘CBD’ in the heart of Phuket, the biggest and beautiful island in Thailand. Central Phuket is developed with a total investment […]
Thailand is one of the world’s most renowned holiday destinations, with a wide variety of things to see and do, from culture, religion, food, nature, water, adventure, sports and also relaxing activities. Thailand also growing as a health and wellness destination, with a huge number of healing and detox centres. Muay Thai is rapidly expanding […]
The Next Financial Crisis The world is less well equipped to manage a major financial crisis today than it was a decade ago, according to Dominique Strauss-Kahn, a former chief of the International Monetary Fund (IMF). In an interview with AFP, the now-disgraced Strauss-Kahn — who ran the fund at the height of the 2008 […]
Miami Real Estate News Walker & Dunlop, Inc. announced today that it arranged construction financing in the amount of $138,100,000 for Elysee, a 57-story waterfront condominium tower in Miami’s luxurious Edgewater neighborhood. The project is located on 0.67 acres at 788 Northeast 23rd Street Miami. The financing was arranged by Kevin O’Grady and Eric McGlynn, […]
Millennials’ perceived value in buying a home dropped below 50 percent, down significantly from post-Brexit high, according to the latest ValueInsured quarterly Modern Homebuyer Survey: In the third quarter of 2018, 48 percent of all millennials believe buying a home in America today is a good investment; this is a record low, down from 54 […]
Australia Should Follow New Zealand and Ban Foreign Ownership Australians have been over taxed and severely handicapped financially over the last 30 years, while other countries have encouraged small business, created a citizen friendly financial system and political system. In Australia small business and workers have been treated like the enemy of the state while […]
Nakheel Profit Falls in Dubai Nakheel, a property developer based in Dubai, today announced a net profit of AED2.51 billion for the first six months of 2018. The profit for the same period in 2017 was AED2.61 billion. ”Nakheel handed over 451 units to customers in the first six months of the year. The company’s […]
A UAE delegation, led by Dr. Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, on Tuesday concluded an official visit to Australia to promote collaboration on various environmental fronts. During the three-day visit, the delegates attended bilateral meetings with top Australian officials and toured multiple environmental and agricultural facilities in the country. At […]
Glenn Straub: Palm Beach #MeToo Investigation? The billionaire Glenn Straub, 70, president of the Palm Beach Polo & Country Club, Glenn Straub, is already under criminal investigation, according to the Broward State Attorney’s Office and we at LTN will be publishing a series of articles investigating a possible #MeToo link to the Palm Beach identity. […]
The GCC is Seeing a Resurgence in Real Estate $JLL With diversification plans taking shape, 10–year visas on the horizon and Crude Oil prices holding firm, investor sentiment has increased again in the GCC’s property market The resilience of the GCC’s real estate market has proven itself yet again this year, having weathered several stifling […]
Florida’s housing market reported rising median prices, fewer days to contract and a continuing tight supply of inventory in June, according to the latest housing data released by Florida Realtors®. “Florida is still experiencing a shortfall in for-sale homes in many local housing markets and that continues to put upward pressure on median prices,” said […]
California ‘Ghost Town’ Sold for $1.4-M, Buyers plan to Bring it Back to Life Cerro Gordo, an old mining town, was recently put on the market for $925,000. The abandoned mining town of Cerro Gordo that was put on the market in June was purchased on Friday for $1.4-M. The property was originally listed at $925,000. Located […]
The UK Home Building Surge and How it Affects the Supply Chain Home building in the United Kingdom has reached peak levels since the financial crisis starting in 2008. For several years, the number of houses built each year fell far short of demand. The pressure to supply the 250,000 homes each year experts say […]
Trade War will Raise US Interest Rates U.S. financial services firms Morgan Stanley and JP Morgan said Friday that they expect the South Korean central bank to raise the base rate next month on a modest economic recovery and low inflationary pressure. In a monetary policy committee meeting on Thursday, the Bank of Korea (BOK) […]
Australia: Will Rates Burst the Real Estate Bubble Banks in Australia are gearing up for slight increases in interest rates, but in an overly inflated market this may well mean disaster for many and a correction in prices across the country. The smaller lenders are already moving rates higher but so far the big 4 […]
Boom Time in Singapore: Temasek Report Monster Portfolio Singapore state investor Temasek Holdings is likely to book a record S$300bn ($221bn) for the value of its portfolio, powered by gains in DBS Group and Chinese banks, while it steps up investment in tech startups. Temasek is a global investment company headquartered in Singapore. They are […]
Dubai Real Estate Report Dubai Land Department (DLD) has revealed that real estate transactions in the emirate for the first half of 2018 reached AED111 billion, reaffirming Dubai market’s attractiveness and ability to compete with global investment destinations. The strengths portrayed by Dubai’s real estate investments underscore the leadership’s mandate to ease business processes and […]
Bechtel, a global leader in project management, engineering, procurement and construction, has been selected by WSA Co as its Delivery Partner and Project Manager (Definition) for the Western Sydney Airport, a $5.3 billion greenfield facility in Badgerys Creek, New South Wales. This will be a landmark project for both New South Wales and Australia, and […]
US Housing Market:April S&P Case-Shiller 20-City Index + 6.6% US home prices rose in April from a year earlier, lifted by bidding wars in many cities where would-be buyers fought over a sparse supply of homes. The S&P CoreLogic Case-Shiller 20-City home price index +6.6% from a year earlier, led by gains in Seattle, Las Vegas and San […]
Is US Real Estate Signalling a Bubble ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q2 2018 U.S. Home Affordability Report, which shows that the U.S. home prices in the second quarter were at the least affordable level since Q3 2008. The report calculates an affordability index based on percentage […]
Is California Due for a Major Earthquake? Geophysicists are hypothesizing that the San Andreas fault line in California could be the central point of a massive earthquake after new research suggested that the fault may be at higher risk than previously thought. Researchers at Arizona State University have published a new study looking at the […]
Historically low unemployment and signs of rising inflation mean there is a “strong” case for continued, steady interest rate hikes, US Federal Reserve Chairman Jerome Powell said Wednesday. The Fed this month adopted its seventh rate hike since 2015 and forecast an accelerated pace of increases in its benchmark lending rates, predicting a total of […]
Palm Beach County’s commitment to job growth and business development is paying off for taxpayers, municipalities, and companies who relocate here. Current rankings show that Palm Beach County is breaking records, attracting smart employers and rapidly growing as a business hub. 24/7 Wall Street named Florida among 16 states where personal incomes are booming, and […]
In May, homes sold faster than at virtually any other time in the past decade, according to the latest RE/MAX National Housing Report. Low inventory and high demand in May cut Days on Market to 46, the second-lowest monthly number in the nearly 10-year history of the report. May home sales topped April sales by […]
Interest from prospective home buyers in Northern states have propelled two Florida counties — Sarasota and Collier — to the top of the nation’s fastest-growing luxury housing markets, according to the May 2018 Luxury Home Index from realtor.com®, The Home of Home Search℠. In May, the top 5 percent most expensive home prices in Sarasota […]
Home prices in major Chinese cities largely remained stable in May as local governments toughened up restrictions to prevent speculation, official data showed Friday. On a yearly basis, new residential housing prices in four first-tier cities declined 0.6 percent from a year ago last month, the fourth straight decline, the National Bureau of Statistics (NBS) […]
Ascot Racecourse today announces its financial results for the 12 months ending December 31, 2017. Ascot Authority (Holdings) Limited (AAHL) reported a pre-tax profit of £6.2 million. Pre-tax profits rise from £5.1m to £6.2m Prudent balance sheet management – net debt reduced by £11.9m ahead of schedule to under £60m Increase in Capital Investment and […]
KKR and Parkway Property Investments, LLC (“Parkway”) announced today the acquisition of 1111 Brickell, a 30-story, approximately 522,000 square foot Class A office tower in the heart of Miami’s dynamic Brickell submarket. The asset was purchased in a newly-formed joint venture between affiliates of KKR and Parkway. Square Mile Capital Management LLC originated the acquisition […]
As housing prices spiral in Hong Kong, young professionals are living in ever-shrinking spaces, with box-like “nano-flats” and co-shares touted as fashionable solutions. Blocks of sleek miniature apartments packed with mod cons are springing up around the densely packed city, pitched as an attractive and more affordable lifestyle choice, but still at an eye-watering cost. […]
Concierge Auctions has unveiled its June lineup of real estate offerings spanning six countries and 11 U.S. states, including an exclusive collection for its second-annual Summer Sale specifically targeting high-net-worth Chinese real estate buyers worldwide in partnership with media powerhouses The Wall Street Journal and Mansion Global. The collection features 15 properties, the majority of […]
Abu Dhabi Sovereign Wealth Fund is the World’s Top Real Estate Investor ADIA is 1 of the richest sovereign wealth funds in the world managing $62.1-B in real estate assets. Abu Dhabi Investment Authority (ADIA) is the #1 real estate investor in the world, a research report said, a sign of Gulf sovereign wealth funds […]
HEFFX Master the Reverse ICO HEFFX has built a library of various ICO’s ready for a reverse merger. These include ICO’s in the Marijuana, Travel, Real Estate and Tech Sectors. With the HEFFX pre-built ICO customers are ready to sell tokens day 1. The reverse ICO is defined as the process of buying out the […]
President Richard Nixon’s ‘Western White House’ For Sale at $63.5-M $AGN A home that formerly belonged to President Richard Nixon in California has been put back on the market. The San Clemente, California oceanside home, which Nixon used as his “Western White House” during his Presidency, is now listed at $63.5-M. The current owner, Allergan […]
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 […]