Overseas Property Investment

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

Lack of supply is sustaining rents and spurring development in the Middle East retail sector, including Cairo Festival City and the Avenues Mall in Kuwait. With retail sales emerging from a slump, shopping complexes are springing up across the Saudi region, attracting domestic and international brands…

FOREIGN interest in high-end condominiums in Kuala Lumpur will accelerate next year with the impact from Economic Transformation Programme’s Greater Kuala Lumpur plan, property market players said. The economic crisis in the past two years had seen a dip in foreign interest leading to a 30 per cent drop in prices. “Going forward, we expect [...]

DUBAI: More syariah-compliant real estate investment trusts (REITs) will come to market in Asia in early 2011 as cross-regional Islamic investors increasingly embrace the product, HSBC Amanah Malaysia’s new head said. Singapore’s first syariah-compliant REIT, Sabana REIT, listed last Friday, has drawn a mixture of both conventional and Islamic investors, a quarter of them from [...]

Medini is a mixed-development comprising three clusters – lifestyle and leisure, cultural and Iskandar financial district in Iskandar Malaysia, Johor. The three clusters are pivotal to the whole development of Nusajaya City. Investors still committed to Iskandar Malaysia despite downturn, says Millennium Development MILLENNIUM Development chairman Oussama Kabbani, whose company is involved in the development [...]

NATIONAL mortgage company Cagamas Bhd will issue another landmark sukuk, with size estimated to be between RM500 million and RM2 billion. Chief executive officer Steven Choy said the size of the Islamic debt paper will depend on the home loans that banks sell to Cagamas. “If they sell us big loans, it will be bigger, [...]

Lack of lending continues to cripple Dubai’s property market, stalling or stopping many projects, according a grim prognosis from a recent Middle East Investment Summit. Plans for new development are scarce, even in the comparatively thriving capital of Abu Dhabi. See the following article from Property…

The Matrade Centre and Warisan Merdeka, two large property projects worth a combined RM20 billion, will include offices that will be marketed to multinational companies (MNCs). “The two projects will have office towers with full-fledged upmarket facilities, even better than the Petronas Twin Towers,” Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja [...]

Timber outfit Eksons Corp Bhd is diversifying its income stream by venturing into property development to help offset any shortfall in plywood trading. Eksons, one of the largest manufacturer of tropical thin plywood in Asia Pacific, sells its plywood under the “Panda” brand name. Eksons executive director, Tang Seng Fatt, said there are challenges in [...]

PETALING JAYA: The Government’s strategic investment unit, 1Malaysia Development Bhd (1MDB) seems to be gearing up for involvement in the real estate industry judging by its large recruitment plan recently. 1MDB placed a two-page recruitment advertisement in The Star on Sept 25, mostly for senior positions within various units in the real estate team of [...]

KUALA LUMPUR: Over the weekend of Sept 4 and 5, Malaysian home-buyers parted with £785,000 (RM3.7mil) for a one-bedroom 530 sq ft apartment and about £2mil (RM9.6mil) for a 1,500 sq ft three-room apartment in prime London. The yet-to-build project in Kensington High Street, considered a prime London location opposite the Hilton chain, was also [...]