Learn, Share & Grow
Dubai: Forget the five per cent commission. A real estate agent has now been offered a 2008 Cadillac Escalade with just 11,000km on the clock as an incentive to sell an apartment on the Palm Jumeirah. Though all agents demand from clients these days is a well thought-out, competitive price, a few sellers are offering[…]
Dubai, UAE; March 1, 2011: The iconic attractions in Downtown Dubai, described as ‘The Centre of Now,’ can now be accessed by visitors with a new convenient addition – the luxury Trolley Buses. Emaar Malls Group, the shopping malls and leisure subsidiary of Emaar Properties, has introduced air-conditioned Trolley Buses, each with a capacity of[…]
Why compromise on size and location when your money goes so much further now? The year 2008 may have seen Dubai’s property market at its peak but it is better known for the buzzing market that, at that point of time, was ruled by speculators who mastered the art of flipping properties and making millions[…]
Bahria Town Lahore 5 Marla Commercial Plot Rates Bahria Town Lahore Sector B Safari Villas 4 Marla Commercial plot price 24 to 27 lacs Bahria Town Lahore Sector B Shaheen Block 5 Marla Commercial plot price 35 to 40 lacs Bahria Town Lahore Sector C 5 Marla Commercial plot price 24 to 52 lacs Bahria[…]
Workers of the Lahore Development Authority went on a hunger strike after a delay in the allotment of the plots. They said that if their demands are not met they will resort to a pen down strike and threatened to lock the offices Hundreds of workers left work and came to the hunger strike camp[…]
ISLAMABAD: Prices of essential food items are on the rise. Though people have become accustomed to such situation, when price of something as small as green chili (Sabz Mirch) shoots up to Rs 100/ kg, even the most resigned consumer gets rankled. At a visit to weekly Sunday bazaars in H-9, G-10 and G-6 held[…]
The development and creativity of the real estate industry will be showcased for the fifth consecutive year at the Cityscape Awards for Real Estate in Middle East and North Africa. After what has been a challenging year for global markets, the opportunity to boost morale and positivity within the industry could not be more poignant.
Libyan President Muammar Gaddafi and his family are estimated worth in several billion dollars, according to UK Guardian report. Despite the instant grasp of information that internet may provide, the Gaddafi family are smart enough to hide their wealth into secret bank accounts in Dubai and South-East Asia.
Top realty agency chiefs on the near-term future of commercial property at the financial center. With two million square feet of commercial space to be delivered by third-party developers in the Dubai International Financial Centre (DIFC), serious competition between property owners is expected to ensue, leading to downward pressure on rentals. That is the near-term[…]
Dubai: The raft foundation of Saudi Arabia’s Al Jawharah Tower has been completed, the project’s developer Damac Properties said yesterday. Drake & Scull, the project’s main contractors, has finished foundation work at the Jeddah-based development and completed all basement levels.
Aldar Properties, the capital’s biggest developer, fell to the lowest on record after shareholders approved a bond sale to Mubadala, its biggest shareholder The company fell nearly 6 per cent to Dh1.44, its lowest point since 2005. Aldar will offer 2.8 billion dirhams ($762 million) of convertible securities to Mubadala, an investment arm of the[…]
UAE builders that aggressively moved to diversify outside of Dubai during the global downturn now face exposure to the political turmoil in the region, and investors are getting nervous. Dubai-based developer Emaar, best known for building the Burj Khalifa, has Dh4.2 billion worth of projects in Egypt, about 15 per cent of its book value.[…]
Following the launch of a Free Rent Competition, Better Homes the region’s largest property consultancy, and Dubai Properties Group (DPG), a member of Dubai Holding, have witnessed an overwhelming response to their competition that offers one lucky UAE resident the chance to win a rent-free apartment at Shorooq Mirdif for a full year.
My trip to the ‘dream city’ of Gwadar is preceded by a reality check: “The situation here is volatile,” warns my friend, “Baloch political activists routinely disappear and are killed.” But that does nothing to deter me. Balochistan is a province with rich deposits of oil, gas, gold, copper and rare earth metals and Gwadar,[…]
ISLAMABAD: The kiosks’ owners at Lake View Park have been found selling snacks and beverages at almost double their listed prices. The park, established by Capital Development Authority (CDA) adjacent to Rawal Lake, is a bustling place where a number of families regularly visit.
ISLAMABAD: In compliance with the direction of a Supreme Court Bench, headed by the Chief Justice of Pakistan, Justice Iftikhar Muhammad Chaudhry, the CDA has retrieved 7,170 Kanals land from the qabza group, says a press release issued here on Saturday. According to details, taking a suo moto notice about the land grabbing by qabza[…]
Traffic Engineering and Transport Planning Agency (TEPA) of the Lahore Development Authority (LDA) will execute project of widening and improvement of Main Boulevard, New Garden Town, from Kalma Chowk to Canal Bridge through Y-junction within three months at a cost of Rs. 309 million.
DUBAI: A government fund set up to help debt-ridden state-linked firms will need to be “topped-up” by as much as $2.4 billion over the next two years, JP Morgan said in a note, with several looming repayment deadlines at Dubai Inc. The US investment bank said that Dubai is likely to tap capital markets to[…]
A Dubai-based real estate agent has advertised a 22-storey hotel property in Dubai Marina for sale, complete with a price tag of AED350m ($95m), Arabian Business has learned. Located in the popular Dubai Marina area, the 462,340 sq ft property is a 22-storey hotel building, including 22 studio apartments, 74 one-bedroom apartments, 56 two-bedroom apartments[…]
Dubai,UAE February 27th 2011 :DAMAC Properties, the largest private developer in the Middle East, has completed the raft foundation for its iconic ‘Al Jawharah Tower’ in Jeddah, KSA. The main contractors M/s Drake & Scull JV have now finished the foundation works and all basement levels. The pouring of the raft is a significant development[…]
Property legal expert answers questions on real estate most affecting investors and the market QUESTION: I am an American national who has been living in Dubai for the past three years. About two years ago, I leased (purchased) land in Nad Al Hamar, Dubai, for 99 years.
LAHORE, Feb 26: Chief Minister Shahbaz Sharif will lay the foundation stone of a flyover and an underpass at Kalma Chowk within next 10 days. Presided over by the chief minister on Saturday, a meeting decided that comprising three lanes on its each side, the flyover would be constructed at Ferozepur Road while the underpass[…]
Underpass and Flyover will be constructed at Kalma Chowk. Work will be started in next 10 days.
Extension work will be completed in next 3 months from Kalma Chowk to Campus Bridge At the moment it is two lane road at one side, after extension work completion it will be 3 lane road at one side and total 6 lane road. Extension work will cost 30 cror.
ISLAMABAD: The Supreme Court has given the Attorney-General a three-day deadline to submit a report on measures taken by the government to improve the law and order situation in Balochistan. A three-member bench of the apex court, headed by Chief Justice Iftikhar Muhammad Chaudhry asked the government to take practical steps to improve law and[…]
