Wednesday, November 26, 2008
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have agreed to revise downward all projected macroeconomic indicators for the current fiscal year.
Pakistan will revise downward the real GDP growth rate, inflation, fiscal deficit and
current account deficit besides moving ahead with managed float exchange regime over the next 23 months for obtaining $7.6 billion loan from th ... more
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Tuesday, November 25, 2008
Bucking the trend among second-home buyers cautious about signing-up to off-plan purchases in the wake of the credit crunch, a leading developer in the French Alps reports that a quarter of the buyers of properties sold off-plan in its latest new scheme are British.
As construction work gets underway at Le Telemark, a brand new residence de tourisme of 57 ski-in/ski-out leaseback ... more
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Tuesday, November 25, 2008
DASKA - A great rush of the visitors from all walks of life showed enthusiasm in property exhibition namely “Property Expo-2008” mutually organised by the Daily Nawa-i-Waqt and daily The Nation in active collaboration with OTBS at a local hotel in Sialkot here.
A large number of the properties-dealing companies from Dubai, Malaysia, Gwadar, Islamabad, Karachi, Lahore and other cit ... more
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Monday, November 24, 2008
From prefabricated walls to pipework and fittings, Gulf construction companies are putting plans on hold and see tough times ahead in Dubai, as developers review and slow projects due to the global credit crisis. The once-booming real estate sector of the emirate is feeling the pain as projects are scaled back, property prices fall, and jobs are cut. Gulf Wall, a firm that supplies precast wa ... more
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Thursday, November 20, 2008
People liquidating bank savings to invest in property; FPCCI body on housing and construction SVP Munir Sultan says rates to remain stable and hike after March; realtors say investors fearing financial meltdown in UAE coming back home. Local builders in Pakistan are having a field day as the newly introduced projects all over Pakistan have received tremendous positive response marking the fir ... more
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Thursday, November 20, 2008
In spite of constant security threats in the country, 76 per cent of Overseas Investors Chamber of Commerce and Industry (OICCI) members have said that they would continue with the investment plans for the next two years, though 63 per cent foreign investors said that their expansion plans would be limited. However, 88 per cent of the 110 members who replied to the OICCI Perception Survey 200 ... more
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Tuesday, November 18, 2008
The current global economic situation offers positive opportunities for Abu Dhabi’s developers to press ahead with implementing quality, standards and transparency in property development, according to a real estate executive. Real estate has a long term investment horizon and with the current global re-pricing of risks, developers are restructuring their approach and placing stronger emphasi ... more
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Monday, November 17, 2008
Dubai Government has launched an online property registration scheme, Oqood, that analysts say, will lead to a higher level of transparency and eventually create an online property price index (PPI). Dubai's Land Department in conjunction with the Real Estate Regulatory Authority (Rera), yesterday said, the new online application 'Oqood' will enable the effective implementation of Law No. 13 ... more
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Sunday, November 16, 2008
The annual meeting of the Governing Body of DHA Karachi, which was held here on Saturday to review the development projects and other policy matters of DHA at macro level. Secretary Defence, Lt Gen (Retd) Syed Athar Ali who is also Chairman Governing Body presided the meeting, says a press release. The Board was informed that the process of survey and demarcation of land acquired by DHA astri ... more
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Thursday, November 13, 2008
Emaar Properties yesterday said it has unveiled a flexible payment scheme aimed at making it easier for customers to purchase property in Dubai, as sales across Dubai's real estate has come to a near halt. With the innovative 'To Own' scheme, Emaar is initially rolling out two programmes - 'Plan to Own' and 'Rent to Own,' both of which will enable customers to own property under more affordab ... more
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Wednesday, November 12, 2008
Emaar Properties has unveiled a new scheme aimed at making it easier for customers to purchase property in Dubai. The 'To Own' scheme consists of two programmes: 'Plan to Own' and 'Rent to Own.' The Plan to Own scheme is an extended payment plan, in which Emaar supplies 25% of funding to be paid back in annual installments over five years. This is separate to the mortgage payments. Under the Rent ... more
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Wednesday, November 12, 2008
Real estate rates are under pressure, as entrepreneurs are trying to offload their assets to remain afloat or convert the assets into dollars.
The News has found that almost all industrial sectors are incurring losses, as they are unable to recover their cost due to high interest rates, inflation and plunging sales. These factors have made it impossible for industries to service t ... more
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Wednesday, November 12, 2008
The Capital Development Authority (CDA) is set to generate around Rs3 billion from the auction of 46 residential, commercial, industrial and orchard farm plots in the upcoming auction to be held on November 24-25.
CDA Chairman Tariq Mehmood said that the civic body was busy in making arrangements to overcome the financial constraints it is confronted with at present because of hea ... more
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