Overseas Property Investment

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

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 [...]

Plans are in the works for Saudi Arabia’s first freehold city, opening the door for foreign ownership in the country’s real estate market. King Abdullah Economic City is slated for completion in 2025. The Economic Cities Act is the Saudi government’s ambitious initiative to improve infrastructure, and…

Plans are in the works for Saudi Arabia’s first freehold city, opening the door for foreign ownership in the country’s real estate market. King Abdullah Economic City is slated for completion in 2025. The Economic Cities Act is the Saudi government’s ambitious initiative to improve infrastructure, and…

The Saudi Arabian property market earned high marks in a recent poll of investors — owing to government stabilizing measures and expectations of continued strong returns. While a large majority of those surveyed are confident in a Saudi recovery before 2011, investor sentiment was much weaker…

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 [...]

Remittances with an average size of less than Rs20,000 constitute 43% of the total Mumbai: Remittances to India are on the rise, but the bulk of the money flowing into the country is used for consumption and not for creating assets. A Reserve Bank of India (RBI) study, conducted in November, shows that the Indian [...]

The Construction Industry Development Board (CIDB) is optimistic that the country’s construction industry will achieve world-class status by 2015. Its chief executive officer Datuk Hamzah Hasan said based on the Construction Industry Master Plan 2006-2015, the sector is on track to reach its target. The growing number of Malaysian companies embarking on projects overseas over [...]

DUBAI: Malaysian contractors are currently working on 51 projects worth US$10bil in the Middle East and are eyeing for more amid a projected upswing in construction demand. The majority of projects are in United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Oman, Syria, Iran, Jordan and Yemen, the Malaysia External Trade Development Corp (Matrade) said in [...]

The La Hoya Bay saga continues… For those who do not know: La Hoya Bay is a luxury resort development on the United Arab Emirate of Ras al Khaimah, that started in November 2007 but has yet to be started. Let me rephrase that, ground was broken in La Hoya Bay in November 2007, but [...]