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Pakistan Property News & Trends

UAE banks on recovery track

The local banks in the UAE are well capitalised and banking sector in the country will remain on its slow road to recovery heading into next year, according to a latest forecast. The business environment and infrastructure is very favourable and regulators are well regarded, Business Monitor International (BMI) said in its new report on[…]

LDA plans finance and trade centre

LAHORE, Sept 4: The Lahore Development Authority (LDA) will establish a Finance and Trade Centre on 140 acres near Expo Centre in Johar Town, says a press release.The site has been selected because of its proximity to Motorway and southern bypass.

Ashiana City to make its debut at Burki Road

Lahore – Ashiana City, a housing scheme providing modern amenities to the common man and consisting of more than 20,000 houses will be established at Burki Road, Lahore, Punjab Chief Minister Shahbaz Sharif said on Saturday. He directed the authorities concerned to submit a comprehensive plan within seven days and added that the project would[…]

BAHRIA GRAND Hotel & Resort

BAHRIA GRAND Hotel & Resort is now open for activity. AMENITIES: Bahria Grand Hotel brings a complete package including complete amenities to make our valued guests experience a memorable one. Amenities offered at Bahria Grand Hotel include: Business Services: Keeping the convenience of our valued guests as top priority, the help desk at Bahria Grand[…]

Nakheel vows lowest service charges in Dubai

Nakheel plans to slash maintenance fees at its real estate developments in Dubai by nearly a third and has pledged homeowners in its properties will pay the lowest service charges in the city. “We are shooting for a 30 percent reduction in services charges compared to 2010… We want to have the lowest service charges[…]

Property firm ordered to return money

DUBAI — The Dubai Real Estate Court ruled recently that a real estate firm should pay back Dh423,000 to a customer (the complainant in the case) after it has been proved that it had failed to complete a property project he had signed up to purchase.

Dubai property near Metro stations gain 20% more rental

The on-going evolution of Dubai’s property market has been well documented over the last year as the emirate moves away from speculation driven growth to a more mature, segmented market place. Property prices are now being influenced by what is described as ‘real demand’ and the movement of residents and tenant to higher quality, more[…]

Dubai residents say house prices to fall up to 20%

House prices in Dubai will fall up to 20 percent by the end of the year, readers in an Arabian Business poll have said, a steeper decline than that pegged by property analysts in the emirate. Some 38 percent of respondents said the Gulf’s worst performing real estate market would see a 20 percent slide[…]

Booking open for Dream Gardens Lahore

Izhar Monnoo Developers started booking for Dream Gardens Lahore situated at 1.5 KM Defence Road, Off Raiwind Road opposite to COMSATS Institute of Information Technology (CIIT) Lahore. Booking Categories for homes and plots: 3.5 Marla Homes & Plots 5 Marla Homes & Plots 6 Marla Homes & Plots 8 Marla Homes & Plots 10 Marla[…]

Dubai’s Green Line may help push up property rents

Properties located near Dubai Metro’s soon-to-be-opened Green Line may benefit from a jump in rental rates as commuters favour houses with good transport links, Asteco said. Apartments near operating stations in Bur Dubai and Al Barsha have seen an up to 10 percent rise in rents, the real estate consultancy said in a report, and[…]

Shahbaz for early resolution of devolution issue

LAHORE, Aug 28: The Pakistan Muslim League-Nawaz will take a decision on devolution of various ministries to provinces under the 18th amendment if the federal government fails to resolve the issue soon. Punjab chief minister and PML-N leader Shahbaz Sharif said this here on Sunday while talking to the media after inaugurating phase-II of the[…]

Shahbaz inaugurates Ring Road’s Ghazi Interchange

LAHORE – Chief Minister Shahbaz Sharif has said that all resources are being utilized for the maintenance of law and order in the province, however, there is always room for improvement and sincere efforts are being made for this purpose. Talking to media after inauguration of the Ring Road’s Ghazi Interchange here on Sunday, he[…]

PCB not to build cricket stadium in Islamabad

ISLAMABAD: It is useless to build a cricket stadium of international standard in the Federal Capital as no global cricket is being played in the country, said a reliable source in the Pakistan Cricket Board on Sunday. Talking to the APP, the source said, “It is total wastage of money as international teams are not[…]

Court orders seizure of Musharraf’s property

RAWALPINDI: An anti-terrorism court (ATC) on Saturday ordered seizure of Pervez Musharraf`s property and freezing of his bank accounts while declaring him absconder in the Benazir Bhutto assassination case. The order was issued by ATC-III Judge Shahid Raffique after the former president failed to appear before the court despite several reminders. The hearing was held[…]

CDA issues 3,000 notices to residents

ISLAMABAD (APP) – The Sanitation Directorate of Capital Development Authority (CDA), under its ongoing campaign to make Islamabad ‘litter free’, has issued over 3000 notices to the residents on wastage of water and throwing litter on streets, roads and recreational spots. The Directorate has issued 574 challan, out of which, 300 cases has been sent[…]

Canal Road: Compromise no closer in widening project

LAHORE: Neither conservationists nor government officials are satisfied with a ‘compromise’ suggested by a mediation committee to their standoff over plans to widen Canal Road. The Supreme Court had set up the mediation committee, headed by lawyer Parvez Hassan, after the Lahore Bachao Tehreek (LBT) challenged the Punjab government’s plans to widen Canal Road, which[…]

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