Overseas Property Investment

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

UK: Rise in mortgage lending ‘fuelled by remortgaging’ [Guardian] UK government signs up builders, lenders for loan scheme [Reuters] Donald Trump: I want Sean Connery to open my golf course [Telegraph] Goldman Sachs’s Jonathan Egol Buys Manhattan Apartment for $3.72 Million [Bloomberg] Dubai homeowners face legal limbo over building upkeep [Arabian Business] Malaysian-born Chong among [...]

BEIJING: Beijing authorities plan to build a “seven-star hotel” modelled after Dubai’s Burj Khalifa – the world’s tallest building – in a US$1.3 billion (US$1 = RM3.07) joint project with Saudi Arabia. The hotel will be erected in western Beijing’s Mentougou district some 30 kilometres from the Chinese capital’s centre, the state-run Beijing Morning Post [...]

BEIJING: Beijing authorities plan to build a “seven-star hotel” modelled after Dubai’s Burj Khalifa — the world’s tallest building — in a US$1.3 billion joint project with Saudi Arabia. The hotel will be erected in western Beijing’s Mentougou district some 30 kilometres (18 miles) from the Chinese capital’s centre, the state-run Beijing Morning Post said [...]

Auto industry stimulus money, and a ringing endorsement by President Obama, could herald a renaissance for Detroit.  International buyers from as far as Singapore and Saudi Arabia are also being lured by tax breaks and bargain property. After an exodus of jobs and a plague of foreclosures, the…

Investor interest is shifting from Dubai to Egypt, where the draw of affordability makes its property market second only to Saudi Arabia in the region. To promote international investment, industry representatives and the Egyptian government are focusing on reestablishing trust and improving transparency…

Experts have reported a surprise fall in vacancy rates in Dubai, after an unexpected but much needed “summer rush”. Residential vacancy rates fell 25% from 11% to 8% according to analysis of the PropertyFinder.ae website by Peter Cooper, editor of Arabian Money an independently published Dubai investment newsletter. “It is a big shift,” said Cooper, [...]

Datuk Syed Mohamed Ibrahim, the property head at DRB-HICOM Bhd, is slated to join Iskandar Investment Bhd (IIB) as its chief executive officer (CEO), replacing Arlida Ariff who currently holds the post. Arlida’s contract expires at the end of this year and it is believed that her term will not be extended, sources said. “The [...]

The Telegraph has unearthed what looks like proof that Hamid Karzai and other senior members of his family, who are also in high ranking positions in the Afghan government or business world have been complicit in the misappropriation of funds given as aid for the impoverished Afghan state. Afghanistan relies on international aid to pay [...]

June 10 (Bloomberg) — Developers in Mumbai and Dubai are in a race to build the world’s tallest residential tower as they try to tap demand among swelling billionaire ranks for luxury homes costing more than $10 million. Lodha Developers Ltd. said on June 8 its 442-meter (1,450 feet) World One property in India’s financial [...]

PROPERTY developer Rahsia Estates Sdn Bhd, a subsidiary of Riverbank Suites Sdn Bhd, has chosen Langkawi for its newest project called Rahsia Estates Residences & Spa Langkawi. Group Chief Executive Officer Hanizah Tun Abdul Hamid said the gross development value would be approximately RM250 million while the total cost RM180 million. “It will be parceled [...]