News: middle east property investment

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

More green buildings needed

Green city: To become a world class city, Kuala Lumpur must also be sustainable. One way of doing that is by building and designing buildings with minimal environmental degradation, in other words, building green buildings. Building by-laws should compel developers to provide green features in their projects While green solutions have long been adapted by [...]

Naza TTDI to launch high-rise luxury homes

NAZA TTDI Sdn Bhd, the property development arm of the Naza Group is launching three high-rise luxury residential towers in Kuala Lumpur, worth more than RM1 billion by the year-end. Group managing director SM Faliq SM Nasimuddin told Business Times that it will launch one block with more than 50 floors at the company’s RM4 [...]

The new wave tipping point for Iskandar?

KUALA LUMPUR: It was the most obvious missing piece in the jigsaw puzzle for Iskandar Malaysia. For about five years, the country’s biggest special economic zone was waiting for its closest neighbour to come as an investor. This was only logical since Iskandar is right next door to the island-republic and it was also touted [...]

Monaco Is STILL Most Expensive Place to Buy a Home

Credits: Timo via Flickr $65,600. a few years ago that would have bought you a property where I live. Now, that is the average price of a property in Monaco, per square meter. The figure comes from the latest release of Knight Frank’s global index of luxury property prices. According to the index London is [...]

Potential in Islamic REIT

DH Flinders Ltd, a specialist Asia-Pacific corporate advisory practice that focuses on real estate, financial services and small capital sectors, sees good investment opportunities in Islamic real estate investment trust (REIT) in Malaysia. Executive director Stephen Hawkins says Malaysia already has a good start in terms of Islamic REIT awareness, having established the guidelines for [...]

Tasweek to woo Middle East buyers for The Haven in Ipoh

IPOH: Come September, The Haven Lakeside Residences in Tambun will be showcased internationally by Tasweek Real Estate Development and Marketing at the world’s largest property expo Global Cityscape in Dubai. Tasweek Real Estate’s impressive portfolio includes marketing of the Burj Khalifa, the world’s tallest building in the world, and has set a record for pricing [...]

When developing a luxury resort is a hobby

KUALA LUMPUR: Cardiologist Dr N.S. Dhaliwal has ventured into a hobby which most people would call a business. Sixty-five-year-old Dr Dhaliwal has decided to turn his passion for building houses into a project. Together with two other partners, Michiel Leo Philip and Roger Mauclair Deslorieux, the team is building a luxury development with a gross [...]

Putrajaya to become model green city with new development

Inspired by ships: Syed Farouk briefing the media on the Maritime Residences. Driving into Putrajaya is like entering a magical kingdom consisting of buildings with various architectural styles, including from India, the Middle East and Europe. One of the early buildings is the Perbadanan Putrajaya complex, a landmark in Persiaran Perdana, Precinct 3. The building [...]

Marriott plans 2 more hotels in Malaysia

KUALA LUMPUR: Hotel management company Marriott International Inc, which operates the Marriott, Renaissance and Ritz Carlton, is scheduled to open two new hotels in Malaysia by the middle of next year, bringing the total number of hotels here to nine. These two new openings, one in Johor and another in Sarawak, will see the group [...]

World’s tallest building developer, Burj Khalifa’s 1Q profits down 45%

DUBAI, United Arab Emirates: The Dubai developer of the world’s tallest building says its first-quarter profit dropped 45 percent as it handed over the keys to far fewer new homes than it did a year earlier. Emaar Properties posted quarterly earnings of 421 million dirhams ($114.7 million) Sunday, down from 760 million ($207.1 million) in [...]