News: uae property investment

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

LIC Housing Finance to focus on projects for senior citizens

The company will launch one retirement home project in each state every year LIC Housing Finance Ltd (LICHFL), the housing finance arm of state-owned Life Insurance Corp. of India (LIC), plans to enter the retirement home business with the launch of two projects in Bhubaneswar and Jaipur. “Every year, LICHFL plans to develop housing projects [...]

Rakeen eyeing major investments in India

UAE-based realty major Rakeen has announced plans to launch integrated mega township projects in India, it was revealed to Property Pulse. In an exclusive interview with Property Pulse on the sidelines of just concluded Realty Plus Conclave 2010 held in the Capital, Dr. Khater Massaad, Executive Chairman, Rakeen and CEO, RAK Investment Authority (RAKIA) said [...]

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. [...]

La Hoya Bay: One of Many Developments that Never Took Off

The La Hoya Bay saga continues… For those who do not know: La Hoya Bay is a luxury resort development on the United Arab Emirate of Ras al Khaimah, that started in November 2007 but has yet to be started. Let me rephrase that, ground was broken in La Hoya Bay in November 2007, but [...]

Why It Is Smart For Real Estate Investors To Use A Buyers Agent

No matter if you are a first time investor, or a grizzled real estate veteran, you should still use a buyer’s agent to help you locate and buy property — despite the misconception that you can get a 3 percent discount if you don’t. Buyer’s agents offer many valuable services that can help you…

ETA Star to launch its first phase of housing project in India this year

Dubai-based developer ETA Star Property is set to launch the first phase of an integrated township project worth USD 250 million in India this year and is looking to tap the housing demand in the country. The real estate arm of ETA Ascon Star will launch an integrated township project near Chennai this year as [...]

Property market went from world’s best in 2008 to the worst

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 [...]

Have Dubai Property Prices Regained a Little Ground?

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 [...]

Opened, world’s tallest building at 825 meters

Fireworks light up, Burj Khalifa , the world’s tallest building during the official opening ceremony in Dubai, United Arab Emirates, Monday. (AP Photo/Kamran Jebreili) DUBAI, United Arab Emirates: Dubai opened the world’s tallest skyscraper Monday in a blaze of fireworks, then added a final flourish: It renamed the tower for the head of neighboring Abu [...]