News: abu dhabi property investment

The most recent abu dhabi property investment news from a variety of international property news sources.

Lodhas sell 10% in tallest residential project in Mumbai

MUMBAI: Real estate firm Lodha Developers has raised Rs 500 crore by selling a 10% stake in a project to develop a 117-storey residential tower in Mumbai to HDFC Venture Funds. “The deal shows the investor’s appetite for quality real estate projects in India,” said Abhisheck Lodha, the managing director of Lodha Developers. HDFC Venture [...]

1Malaysia Development picks project partners

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB), the agency tasked to develop most of the government land, is identifying partners to draw up a masterplan for its Bandar Malaysia and Kuala Lumpur International Financial District (KLIFD) projects in the city. Shahrol Halmi … ‘Those selected should have credible track records, be transparent and bring international experience.’ [...]

Sunway confident of record profit this year

Sunway Holdings Bhd expects a record net profit this year, driven by new business and healthier margins from all its five core divisions, managing director Yau Kok Seng said. These include construction, property development, trading and manufacturing, quarry and building materials. The construction division, which has RM3 billion worth of jobs in hand, is bidding [...]

Merril Lynch Predicts 15% Dubai Property Price Drop This Year

Bank of America Merrill Lynch has just issued one of the starkest predictions ever on Dubai’s residential property market. A report by the firm estimates that prices will fall 15% this year, as a 44,000 unit supply overhang forces a correction to current price levels. "Even if all qualifying expats from Abu Dhabi and Sharjah [...]

China’s housing market: Boom or bubble?

Enormous investment opportunities lay in the emerging superpower, says Cityscape Asia 2010 China holds enormous opportunities for investment as its economy surges, say leading economists and investment experts at Cityscape Asia 2010 in Singapore yesterday. Speaking at a keynote session on evaluating the economic outlook for China 2010 and beyond, David Wong, Chief Economist at [...]

Press Release: Asian Real Estate submerges the West

Asia said to be the hot new region for investment opportunities at Cityscape Asia 2010 Asia is today an exciting investment destination, due to stronger fundamentals and a lack of dependence on foreign demand, say leading economists and investment experts at the opening day of Cityscape Asia 2010 in Singapore today. More than 3,000 real [...]

Faber eyes RM1b revenue from overseas this year

INTEGRATED facilities management (IFM) and property developer Faber Group Bhd hopes its revenue from overseas will reach RM1 billion this year, by expanding on its non-concession income base. The group will continue to focus on its businesses in the UAE and India to expand its non-concession income base, especially in the areas of bio-medical engineering [...]

International Property News Beat – Cool Down in China, Betting on Foreclosures & Prices in Hong Kong

China tells banks to stop loans for third-home purchases in a bid to cool property prices [Business Week] Empty house tax for French landlords [Public Radio] Low-profile company builds big business in foreclosures [Chicago Tribune] Broadband attracts new wave of expats in France [Connexion] Cityscape Abu Dhabi hit by Euro flights chaos [Arabian Business] Hong [...]

Press Release – Asian Real Estate Comes of Age at Cityscape Asia 2010

Singapore – For Immediate Release, 29 March 2010: World’s largest B2B real estate investment & development exhibition and conference returns to Singapore– investors look to Asia for new opportunities post-recession As economies show signs of recovery, the global property world is gradually turning its attention to Asia to uncover new opportunities in the regional investment landscape, say [...]

Gap Narrowing Between Abu Dhabi And Dubai Property Prices

Cross traffic between the Gulf neighbors is steadily closing the gap in prices and rents between Abu Dhabi and Dubai as stability returns to the region’s property markets. For investors, Abu Dhabi still has the edge in terms of risk, supply/demand ratio and financing access, while Dubai’s potential…