Real Estate

  Dubai / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, recently awarded a contract worth AED 58.4 million for the main structure works of villas at Mulberry cluster in AKOYA Oxygen, a 55-million-square-foot lush green development in Dubailand. The main structure works contract has ...

  Bloomberg Australian millennials have the second-lowest level of home ownership for their peer group, an HSBC Holdings Plc survey found, just ahead of an oil-rich absolute monarchy. Only 28 percent of Australians aged between 19 and 36 own a home, the survey of more than 9,000 people in nine ...

  Bloomberg Australian regulators may take further steps to rein in mortgage lending amid growing concern booming home prices pose a risk to the financial system. Restrictions on interest-only loans announced last week were a “tactical response” to growth in lending to property investors, Australian Prudential Regulation Authority Chairman Wayne ...

  Bloomberg Toronto’s residential housing market showed no signs of cooling last month, with the average sale price soaring a record 33 percent from a year ago, pushing the cost of a detached home in the heart of the city to almost C$1.6 million ($1.2 million). In Toronto and surrounding ...

  Bloomberg Manhattan home resales climbed for the first time in a year and a half as sellers agreed to lower prices in order to seal deals before inventory and interest rates rise further. Completed purchases of previously owned homes rose 7.7 percent in the first quarter from a year ...

  Dubai / Emirates Business Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has garnered exceptional interest from both domestic and international investors keen to purchase units in its second building at Mudon Views in the Dubailand district. DP marked an impactful participation in the ...

  ABU DHABI / Emirates Business Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, awarded its main contract for Mayan, a luxury residential development located on Yas Island, to Ghantoot General Construction, one of the leading construction companies in the region. The AED 500 ...

  Bloomberg Steve Victor pulled out of buying his first home the day after Britain voted to leave the European Union. Just a month later, the IT contractor dived back into the market to become the owner of a penthouse apartment in London. “I bailed on the initial shock, but ...

  Bloomberg The $12 billion fund that manages the wealth of the billionaire family behind Lego A/S wants to add more UK real estate to its portfolio, reflecting a bet that Britain’s departure from the European Union might make the London property market more accessible. “We need to keep finding ...

  Ras Al Khaimah / Emirates Business Global property expert Select Property announced the first phase of completion for Pacific, its AED 1.1 billion purely residential project in the UAE. Pacific occupies a prime location on Ras Al Khaimah’s man-made Al Marjan Island, said to be the northern emirate’s version ...