Wednesday , April 26 2017

Real Estate

Aldar awards AED0.5bn contract for Yas project

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  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 ...

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Myanmar luxury property reels from foreign-buyer confusion

epa03390920 A photo made available on 09 September 2012 shows a Myanmar worker working on the top of a construction site in Yangon, Myanmar, 08 September 2012. Myanmar's parliament approved a new draft foreign investment law aimed at opening the country up to infusions of capital and job creation, sources said 08 September. The final draft dropped a controversial clause requiring foreign investors to invest a minimum of five million dollars, said lower house legislator Thein Nyunt. Economists and some officials had criticized the minimum as likely to scare away the small and medium-sized companies that country desperately needs to create jobs.  EPA/LYNN BO BO

  Bloomberg Confusion over a law allowing foreigners to buy condominiums in Myanmar is prolonging a slowdown in its residential property sector, highlighting the challenges of regulatory flux in the frontier market. The legislation adopted in January 2016 leaves unanswered questions such as whether it applies to existing apartments, hurting ...

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Omran Properties unveils AED2.47 billion projects

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  Sharjah / Emirates Business As part of a massive investment drive, Sharjah-based Omran Properties is to launch three real-estate projects in the emirate worth AED 2.47 billion. The unprecedented developments, the first Omran have made in Sharjah, bring new residential, retail, commercial and hospitality opportunities to Sharjah’s existing and ...

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Australia housing market may face more lending restrictions

FILE PHOTO: The Sydney Harbour Bridge and Central Business District (CBD) can be behind properties in the Sydney suburb of Rozelle, Australia, September 5, 2016.      REUTERS/David Gray/File Photo

  Bloomberg Australia is facing a period of “heightened risk” in the housing market, the nation’s top banking regulator said, amid rising speculation further lending curbs may be imposed to cool runaway housing prices. Australian Prudential Regulation Authority Chairman Wayne Byres said that while he refused to ever use the ...

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