Overseas Property Investment

The most recent united arab emirates property investment news from a variety of international property news sources.

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 [...]

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 [...]

Emirati men walk past Burj Dubai — AFP DUBAI: Started at the height of the economic boom and built by some 12,000 labourers, the world’s tallest building opened yesterday in Dubai as the glitzy emirate seeks to rekindle optimism after its financial crisis. Burj Dubai, whose opening has been delayed twice since construction began in [...]

A labourer works at Burj Dubai in Dubai. — Reuters DUBAI: The soon-to-be-opened Burj Dubai is entering the record book as the world’s tallest building and sharing this honour, is Malaysian structural steel construction firm, Eversendai Corp. According to group managing director Datuk A.K. Nathan, the final 260m of the soaring tower was an all-steel [...]

The Gulf city state’s debt problems offer an important lesson – unpredictable, unsustainable and unclear policies are a no-no. After two difficult years, most come away with the thought that financial markets the world over should have stabilised. Sure, the extraordinary steps taken to stop the panic resulted in flooding the global system with trillions [...]