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Rawalpindi: Commercial buildings fire risk looming largeWednesday, December 31, 2008Rawalpindi: The poor condition of electricity wiring of most of the plazas in the city could lead to another incident like Gakhar Plaza where fire broke out due to short circuit and concerned authorities are least bothered to address the situation. According to a survey conducted by ‘The News’ the most serious situation of the electricity wires was witnessed at mega shopping malls and some ... more |
Lahore: ‘Directions for early completion of uplift projects’Wednesday, December 31, 2008Lahore: SITE offices, manned by the personnel of the agencies concerned, should be set up for the projects being executed under the Lahore Roads Rehabilitation Programme, at a cost of Rs14 billion, to ensure coordination among the relevant departments for early completion of the projects. These directions were issued by Task Force on Rehabilitation of Roads Chairman Kh. Ahmad Hassan who was ... more |
Prime residential property in central London sees steep fallTuesday, December 23, 2008Prime residential rents in central London have fallen sharply in the last three months, the largest drop since 1995, according to a new report. Knight Frank's latest index shows that rents have now fallen for three consecutive quarters taking them back to a level last seen in March 2007. They fell by 9.6% over the last three months and by a total of 12% over nine months. Capital values ... more |
UK property market will take longer to recover if repossessions rise in 2009Monday, December 22, 2008A flood of repossessions in the UK property market in 2009 will depress the real estate market even further and put off recovery for longer, a leading housing expert claims. Steve Wilcox, of the Centre for Housing Policy at the University of York and author of the recently published UK Housing Review 2008/09, is urging the government to do more to help those in danger of having their proper ... more |
Real Estate Exhibition Opens In SharjahMonday, December 15, 2008The second ACRES real estate exhibition kicked off on Monday in Sharjah, with over 100 real estate companies participating. Shaikh Saud Bin Khalid Bin Sultan Al Qasimi, a consultant in Sharjah Ruler's office, opened the event yesterday and conducted a tour of the exhibition space. Shaikh Saqr Bin Ahmed Bin Sultan Al Qasimi, chairman of Emirates Vision events management, organisers of the exhibit ... more |
Hydra Plans Project To House 50,000 Residents In SharjahSunday, December 14, 2008Hydra Properties, a UAE-based property developer, said it will develop a new mixed-use project in Sharjah that is expected to have a resident population of 50,000. Hydra Village Sharjah is "poised to become a pioneering development in the emirate, the company said, but did not disclose how much it will spend on the project. The announcement comes at a time when most real estate developers are sl ... more |
Emaar Faces Uphill Task In 2009Wednesday, December 03, 2008Persistent talks of a bubble bursting wide open in the UAE real sector poses an uphill struggle next year for Emaar Properties, the biggest property developer in the Gulf region. Property developers like Emaar in Dubai are starting to feel the painful effects of a sharp drop in new buyer appetite, combined with a drop in property prices exceeding 20 per cent in certain areas, Shuaa Capital said ... more |
Zameen.com Wins Best Pakistan, Best Asia and Best International Property Portal AwardsTuesday, December 02, 2008More than 4000 candidates, some of the best professionals competing from 97 countries, an astute committee consisting of 45 highly respected judges, and … the winner is Zameen.com. Yes, Zameen.com has emerged as the winner for the title of “best property portal in the world” at CNBC international property awards 2008. We are delighted, thrilled and motivated, all at the sam ... more |
Nakheel Mulls Dh55B IpoTuesday, December 02, 2008Nakheel, the UAE's biggest developer by project value with nearly Dh294 billion ($80 billion) master-planned developments in the pipeline, appears to consider a Dh55 billion ($15 billion) initial public offering (IPO) to raise capital to fund some projects. A Bloomberg report on Monday said quoting unnamed bankers that the developer is also is looking for IPO managers. When contacted, a Nakheel ... more |
