Archive for January, 2019

From Hong Kong’s unaffordability to a $19 Canadian mansion | FT Property Listings – Gooruf.com

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Article taken from: propertylistings.ft.com Five stories making global property headlines:Hong Kong buyers worst off for affordabilityHong Kong has retained its title as the world’s least affordable housing market . The median property price in the territory rose to 20.9 times the median household income in 2018. Research by urban planning consultancy Demographia, covered by Bloomberg,[…]

Dubai’s property market awaits multi-year visa boost

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Going forward, China and Chinese buyers will figure prominently in Dubai’s real estate landscape. Special trustees have been assigned to spread the word about Dubai’s real estate in China, and Chinese estate agents licensed to sell local property to buyers there. The Chinese already figure in the top 5 spots of international investors with property[…]

Dubai’s property market to rebound in 2 yrs

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Due to adding a record number of new residences on Dubai’s property market, the GCC emirate’s long-running real estate decline is expected to hit bottom in at least two years. Dubai’s property market will see the addition of around 31,500 homes this year, more than twice the emirate’s average annual demand over the previous five[…]

How a developer ‘rescued’ troubled project in Dubai

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The project has positioned the group as a key player in this niche segment dedicated to the rescue of distressed projects. Says Preatoni, “From where we stand, we hope that we’ll be able to replicate the model on other projects. Despite having had many difficulties, we believe there are still opportunities in the market for[…]

Lootah completes Jumeirah residential project handover

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UAE-based Lootah Real Estate Development has announced the on-time completion and handover of its latest residential project, The Waves, in Dubai. Located in the emirate’s emerging residential community Jumeirah Village Circle, The Waves residential property offers the essential requirements of communities while ensuring the highest standards of living. The Waves comprises two modern buildings, offering[…]

Lootah Real Estate Development hands over ‘The Waves’

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Project is located in Jumeirah Village Circle and features 135 units Share Tweet Share Share Email Lootah Real Estate Development has announced the ‘on-time handover’ of its residential project, ‘The Waves’. Located in Dubai’s Jumeirah Village Circle, the project is said to cater to the ‘essential requirements of communities, while ensuring the very highest standards[…]

Rahail Aslam, group CEO, Select Group – Interview

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“We’re quite happy with the market. It’s just that we have to work harder. As a business, it makes us fitter.” Share Tweet Share Share Email Last year, the UAE residential real estate market continued to decline, with Dubai in particular seeing property prices decrease by 7.4% on an annual basis. According to most experts,[…]