Learn, Share & Grow
The supply of fresh real estate in Dubai will tumble by nearly a third this year as developers hold back units in a bid to manage the city’s saturated property market, Jones Lang LaSalle said Sunday. The supply of residential, retail and hotel real estate is expected to be 32.2 percent lower than in 2010,[…]
Might it be time to consider buying Dubai property again? I only ask because the oil price, as I type, is $116 a barrel, and no one thinks that’s absurd. Certainly, it is unlikely to decline against a backdrop of the worst and most widespread unrest in the Middle East in living memory. The madness[…]
LAHORE, March 12: Three building inspectors of the Lahore Development Authority were forcibly retired from service on Saturday after they were found involved in construction of illegal high-rises in the Punjab capital, while two clerks were sacked for not joining a probe.
LAHORE, March 12: Influential people not only illegally acquired federal government-owned over 778 acres of land worth billions from the Punjab revenue department, but also got it transferred in the name of Lahore Cantonment Park View Housing Society, allegedly in connivance with revenue officials and the tenants in 1991. Sources say the land mafia comprising[…]
ISLAMABAD, Mar 11 (APP): President Asif Ali Zardari Friday said that the need for constructing a new state-of-the art airport for Islamabad, equipped with all modern facilities, is being felt for quite some time as the existing one was unable to meet the growing requirements of passengers and cargo. These remarks were made by him[…]
ISLAMABAD: The status of the proposed industrial zone, Sector I-17, could be changed to a residential one to help city planners meet their financial requirements, The Express Tribune has learnt. The sector was proposed a few years ago in response to growing concerns of environmentalists over industrial units operating around residential areas of the capital.
ISLAMABAD: Despite rampant under-declaration of assets, Pakistani Senators have net worths running into the millions and even billions of rupees, according to details of asset declarations made public by the Election Commission of Pakistan. The ECP, however, has no mechanism to verify the authenticity of claims made by the lawmakers.
DUBAI: House prices in the United Arab Emirates may drop an additional 25 percent to 30 percent as population growth stagnates and more properties are put onto the market, according to Dubai investment bank Rasmala.
Rents in some of Dubai’s most popular areas have fallen by about 30 percent in the past year, according to the latest data published by the emirate’s property regulator. Apartment rents in Dubai Marina, Palm Jumeirah, Discovery Gardens, and Jumeirah Beach Residences have all seen significant declines, according to the Real Estate Regulatory Agency.
ISLAMABAD: Cash strapped Pakistan would seek assistance from China to carry out Iran-Pakistan (IP) gas pipeline project to import 750 million metre cubic feet per day (mmcfd) to one billion cubic feet gas per day (bcfd) from Iran. Secretary Petroleum Imtiaz Qazi Friday said, “The government will seek assistance from China for 32 projects in[…]
Ever since the term “String of Pearls” was coined by a team of experts at United States-based consultancy Booz Allen in 2004, journalists and academics have overplayed China’s supposedly malevolent involvement with countries along its Sea Lines of Communication (SLOC), which stretch from the South China Sea to the Indian Ocean. For them it was[…]
All rates are in Rupee Lacs. Given rates are for average locations plots, homes, commercials excluding average below and average above locations in Bahria Town Lahore. Bahria Town Lahore Commercial Plots Rates Bahria Town Lahore Safari Villas 4 Marla Commercial Plots Rates 19 to 22 Bahria Town Lahore Safari Villas 8 Marla Commercial Plots Rates[…]
Traders staged protest at Ferozepur Road against an operation launched to remove encroachments. Police baton-charged the traders and arrested several protesters. Traders of marble market staged protest at Ferozepur Road against the Operation Clean-up and burnt tyres, blocking the road. The traders shouted slogans against the government. The city administration said that a campaign was[…]
LAHORE: Work on the Kalma Chowk flyover may get affected by litigation started by five petrol pumps on Ferozpur Road against proposed demolitions. The district coordination officer said on Thursday the government will request the court to decide these cases as soon as possible so that the project can be completed on time. However, he[…]
On March 4, 2011, the chief minister of Punjab laid the foundation stone of the Kalma Chowk underpass on Lahore’s Ferozepur Road. According to press reports, the chief minister has directed the project be completed by August 14, this year. The quick announcement and groundbreaking of this Rs2.3 billion project is an example of poor[…]
KARACHI: The reason why the Defence Housing Authority removed the Khayaban-e-Shamsheer road divider in front of Khadda Market is to experiment with making Zamzama one-way to the Two Swords roundabout. “The division was removed to allow for heavy traffic flows and to assess the feasibility of the plan,” explained DHA PRO Col (retd) Rafat Hussain[…]
Former Finance Minister and PPP MPA Tanvir Ashraf Kaira has claimed that Punjab is facing a default of over Rs 520 billions due to the wrong policies of the provincial government. Flanked by former Punjab minister Ashraf Sohna, Tanvir Kaira said that, in the development budget of Rs 193 billions, Rs 96b had gone into[…]
LAHORE – City District Government is all set to launch massive operation against encroachments across the City from Friday (today), after giving due time of clearing the encroachments. The CDG has already marked encroached land, both at major roads and important business centres in all nine towns and LDA governed areas, with the help of[…]
ISLAMABAD:The Capital Development Authority (CDA) has warned through public notice to the all occupants of CDA land and encroachers especially and slum dwellers in Sector I-11 to vacate it in seven days. The public notice issued in the national newspapers informs the encroachers to vacate the land owned by CDA to avoid the operation planned[…]
ISLAMABAD: The Federal Investigation Agency (FIA) will request the Supreme Court to direct customs officials to provide details of taxes collected on 10 bullet-proof vehicles imported by key political figures in 2009-10, after they refused to share the information with the agency. The FIA is investigating the source of the money paid to the Federal[…]
A new report forecasts further declines in the UAE’s property market. Home prices are likely to drop an average 25 to 30 per cent before bottoming out, concludes a report released yesterday by the investment bank Rasmala. The market will be buffeted by “depopulation risk, deleveraging and heavy pipeline-delivery schedules leading to demand-supply imbalances”, said[…]
ISLAMABAD: The chief justice on Wednesday observed that Multi Professionals was a cooperative society while CDA had given it a contract for establishing a new sector comprising 54 acres of land. A two-member bench of the apex court comprising Chief Justice (CJ) Iftikhar Muhammad Chaudhry and Justice Ghulam Rabbani was hearing a suo moto case[…]
ISLAMABAD: Capital Development Authority (CDA) former deputy director (Land) Zahid Bhatti, one of the main accused in Rs 7 billion corruption case, had been involved in allotting 1600 plots to the fake affectees of sector I-11 and I-12, Daily Times has learnt.
Real estate prices in Dubai’s battered property market are bottoming out more than two years after the financial crisis sparked a slump that devastated values, an analyst has said. Fifteen months on from the Dubai World debt crisis, which saw the state-owned conglomerate seek to alter terms on $24.9bn of debt, investor appetite is picking[…]
Overseas property investors are looking back at Dubai according to industry experts. Enquires for property in Dubai increased last year following reported price growth in some of the emirates more exclusive residential areas such as Dubai Marina and The Palm. However since the beginning of 2011, there has been significant interest in Dubai property with[…]
