Saturday , June 24 2017

Real Estate

China housing gets dearer in a year amid property curbs

epa05218286 (FILE) A file photo dated 31 October 2015 showing mass residential housing in Tseung Kwan O, Kowloon, Hong Kong.  Reports on 18 March 2016 state China recorded in February this year its highest monthly rise in prices of newly-built urban houses since March 2014, with prices rising in 47 of the 70 main cities of the country, as compared to 38 in January.
Data released 18 March by the country's National Bureau of Statistics showed larger Chinese cities also exhibited an upward trend in prices in recent months, led by the largest metropolises. Shenzhen, with a rise of 3.6 per cent as compared to January, showed the most pronounced price hike in February, followed by Shanghai at 2.9 per cent, Nankin 2.7 per cent, and both Beijing and Hefei at 2.3 per cent.  EPA/ALEX HOFFORD

  Bloomberg China home prices increased last month in the fewest cities in a year, signaling property curbs to deflate a potential housing bubble are taking effect. New-home prices, excluding government-subsidized housing, gained last month in 45 of the 70 cities tracked by the government, down from 46 in December, ...

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RAK Properties achieves AED390mn revenue in 2016

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  Ras Al Khaimah / Emirates Business RAK Properties PJSC, Ras Al Khaimah’s largest property developer listed on the Abu Dhabi Stock Exchange, revealed continued growth and increased profit margins in 2016 following 12 months of key announcements and operational achievements. The company, which has been leading the residential and ...

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50 percent of DLD’s Building Classification Project complete

  Dubai / Emirates Business Dubai Land Department (DLD) announced that its work on Dubai’s Building Classification project is now being carried out at an accelerated pace, with the organisation expecting to complete its survey of all buildings across the Emirate this year. The announcement came following Dubai Land Department ...

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85% of Dubai buildings comply with planning and construction laws

  Dubai / WAM Dubai Municipality confirmed that more than 85% of the existing buildings and establishments in the Emirate of Dubai comply with the approved planning and construction rules and regulations. “One of the main tasks of the Building Inspection Section in our Buildings Department is the constant control and ...

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