Overseas Property Investment

The most recent emirates 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 [...]

Where’s best to invest? Here’s our list of the best global locations where property prices dipped but are sure to bounce back. Published annually, the Knight Frank Prime International Residential Index gives a reliable insight into the state of worldwide property markets. It’s impossible to ignore the effects of the global recession on the international [...]

The Fingen Group is evaluating the prospects of bringing in factory outlet mall format and building luxury hotels in India, said Fingen Group director Jacopo Fratini, who is on his first visit to India. An Italian family-owned conglomerate, the e250,000 m Fingen Group has interests ranging from apparel, retail, real estate development, hotels and vineyards. [...]

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 [...]

CENTRAL Malaysian Properties Sdn Bhd (CMP), a private property developer controlled by Berjaya Group’s Tan Sri Vincent Tan Chee Yioun, expects its Lido Boulevard waterfront project in Johor Baru to boast of more than RM4 billion in gross development value (GDV) over five years. CMP will build, among other things, high-end condominiums, hotels, office suites, [...]

YTL Corp Bhd, a diversified group with interests in property and power generation, is on the lookout for hotels and resorts in Asia-Pacific and Europe to grow its hospitality business. The company, which is sitting on a huge cash reserve of more than RM10 billion, wants to buy completed properties, or build new ones, and [...]

DUBAI: Dubai’s housing rout sent prices down 52% in the past year, prompting some homeowners to abandon their cars and mortgage payments and flee the country. Not one received a foreclosure notice. Barclays Plc won the sheikdom’s first foreclosure cases in court, clearing the way for lenders holding about US$16bil of Dubai home loans to [...]

Having been dropping like a stone thanks to the global economic crisis, Dubai property prices have finally risen again, according to real estate consultancy Colliers International – by 7% in the third quarter. This is the first rise since the emirate’s property market crashed at the end of 2008. Investors who bought during the boom [...]