News: dubai property investment

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

Property On Dubai’s Man-Made Island Not Immune To Crisis

Even exclusive Palm island property isn’t immune from the hard times hitting Dubai’s real estate market, with a 20% plunge in prices predicted for the year ahead, accompanied by widespread development delays. While the Trump International Tower project has been halted, other developers remain optimistic…

Dubai Could See 25 Percent Vacancy Rate By 2012

Excess supply, lending constraints and an increase in distressed sales, are all suppressing property prices and rents in Dubai. By 2012, Dubai could see vacancy rates hit as high as 25 percent or more, while a shortage of qualified buyers will give investors control over the market’s direction. See…

Dubai Could See 25 Percent Vacancy Rate By 2012

Excess supply, lending constraints and an increase in distressed sales, are all suppressing property prices and rents in Dubai. By 2012, Dubai could see vacancy rates hit as high as 25 percent or more, while a shortage of qualified buyers will give investors control over the market’s direction. See…

Dubai Real Estate Recovery Remains Elusive As New Supply Grows

Over-supply, weak demand and tight lending are pushing property prices and rents down in Dubai. Although residential prices are still above last year’s level, with a large pipeline of new units on the way recovery remains elusive. See the following article from Property Wire for more on this.&nbsp…

Russian Summit Could Be Important to Overseas Property Industry

Many overseas property agents could will and should be excited by a new event announced this week. Global Edge have partnered with AiGroup — the Russian media company behind Russia’s biggest overseas property portal (1-property.ru) — to set up and host Russian Summit, a chance for the world’s overseas property agents to learn about the [...]

Puravankara Launches Rs 350 crore Project Purva Skywood in Bangalore

Puravankara Projects (PPL), the BSE-listed real estate company, has launched a project named Purva Skywood for luxury segment on Haralur Road in southeast Bangalore. The project is valued at about Rs 350 crore, including land cost. The luxurious project, which will comprise 2, 3 and 4 bedroom apartments with size ranging between 1,263 sq ft [...]

Puravankara unveils Rs 350 crore project in Bangalore

Puravankara Projects (PPL), the BSE-listed real estate company, has launched a project named Purva Skywood for luxury segment on Haralur Road in southeast Bangalore. The project is valued at about Rs 350 crore, including land cost. The luxurious project, which will comprise 2, 3 and 4 bedroom apartments with size ranging between 1,263 sq ft [...]

Bandar Raya takes up stake in RM2.3b Johor project

Bandar Raya Development Bhd (BRDB) is buying Limitless Holdings Pte Ltd’s stake in a RM2.3 billion waterfront project in Johor to strengthen its presence in the region and improve earnings. BRDB, well known for its developments in the Bangsar enclave, Kuala Lumpur, wants to build more properties in Johor, riding on the success in Iskandar [...]

Bandar Raya takes over as UEM partner

Bandar Raya Developments Bhd, a Malaysian developer, said it will replace Dubai World’s Limitless Holdings Pte Ltd as UEM Land Bhd’s partner for a residential project in the country’s southern Johor state. It will buy Limitless’s 60 per cent stake in Haute Property Sdn for a nominal sum and reimburse the Middle East company RM76 [...]

Bandar Raya takes over

BANDAR Raya Developments Bhd (BRDB) will replace Dubai’s Limitless Holdings Pte Ltd as UEM Land Bhd’s majority partner in the “Residential North” of the Puteri Harbour Development in Nusajaya, Johor. BRDB will buy Limitless’ 60 per cent stake in Haute Property Sdn Bhd for RM76 million in assumed debt. Limitless is owned by Limitless LLV, [...]