News: gulf property investment
The most recent gulf property investment news from a variety of international property news sources.
Houston Real Estate Already Hurting From The Oil Spill’s Impact
Analysts expect the BP oil spill to impact both the regional job market and housing sales; the Houston area has already experienced significant drops in housing sales this summer. Other analysts believe that the BP spill aftermath will not only affect the Gulf region, but will hurt the entire US job…
Weak Florida Real Estate Market Could Be Devastated If Oil Reaches Shore
Already plagued with subprime mortgages, negative equity and high delinquency rates, Florida’s real estate market faces a new threat in the Gulf. Hurricane season, and the ongoing oil catastrophe, could prove a lethal mix for property values in the state. See the following article from Property Wire…
Housing Market Already Feeling The Impact Of The BP Oil Spill
The nation’s fledgling economic and housing recovery is feeling the impact of the BP catastrophe in the Gulf, hurting tourism and property values in states like Florida. With no end yet in sight to the crisis, development has stalled on vacation homes and even primary residences as the spill closes…
Hinduja Realty to invest Rs 5,300 crore in three projects
Hinduja Realty Ventures Ltd (HRVL), the two-year-old real estate arm of the Hinduja Group, has chalked out a plan to invest around Rs 5,300 crore to develop three projects. The projects will come up on land belonging to other group companies. The company will be funding the investment through a mix of internal accruals and [...]
Oil Spill Expected To Trigger Thousands Of Foreclosures Of Gulf Real Estate
The Gulf oil spill could erode coastal property values in Katrina-devastated Louisiana and Mississippi by 30 percent, according to projections from Housing Predictor. The BP disaster only compounds the coast’s current economic woes, further endangering Florida’s tourism and hard-hit condo/vacation home…
Reliance Ind joins hands with Mumbai realtor for hospitality foray
After entering oil and gas and retail sectors, Reliance Industries (RIL) is now stepping into hospitality through a joint venture with Mumbai-based real estate company Maker Builders. They will build two hotels at the Bandra Kurla Complex in suburban Mumbai. The partners are in final talks with an international hotel chain listed in London -Mandarin [...]
How The BP Oil Spill Impacts Gulf Coast Real Estate
Coastal property owners in the path of the massive oil leak in the Gulf of Mexico could have a hard time getting compensated for loss of value from insurers, or BP. In a disaster that dwarfs even hurricane destruction, Florida has already declared a state of emergency, while developers debate how to…
How The BP Oil Spill Impacts Gulf Coast Real Estate
Coastal property owners in the path of the massive oil leak in the Gulf of Mexico could have a hard time getting compensated for loss of value from insurers, or BP. In a disaster that dwarfs even hurricane destruction, Florida has already declared a state of emergency, while developers debate how to…
Pearl Investment to open 10 hotels in India, GCC countries
Dubai-based diversified group Pearl Investment has said it plans to open 10 hotels in the Gulf Cooperation Council (GCC) countries and India with an investment of 500 million dirhams (USD 136.15 million) over the next five years. The group announced the plans as it embarked on celebrating its 10 years of operations in the UAE. [...]
Pearl Investment to open 10 hotels in India, GCC countries
Dubai-based diversified group Pearl Investment has said it plans to open 10 hotels in the Gulf Cooperation Council (GCC) countries and India with an investment of 500 million dirhams (USD 136.15 million) over the next five years. The group announced the plans as it embarked on celebrating its 10 years of operations in the UAE. [...]