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Dubai to issue 7 new property laws to regulate sector, curb speculators

Dubai to issue 7 new property laws to regulate sector, curb speculators | Real Estate Updates | Scoop.it
This will help protect the market from speculation: Bin Mejren
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Dubai real estate: Gov’t decree helps investors

Dubai real estate: Gov’t decree helps investors | Real Estate Updates | Scoop.it
A decision by the ruler of Dubai allows abandoned Dubai real estate projects to be sold, to pay back investors who lost billions in the real estate sector.
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Dubai sets up judicial committee to liquidate cancelled projects

Panel will provide settlements resolve grievances and address procedural issues
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Sobha Builders are gearing up to launch a series of road shows to promote their new Dubai project: OPP India

Sobha Builders are gearing up to launch a series of road shows to promote their new Dubai project: OPP India | Real Estate Updates | Scoop.it
MacDonald Sarin's insight:

The project, located in MBR City, is a joint venture with the Dubai based Meydan group. Together, they will develop over 4 million square feet (over 1000 acres) of freehold land in Dubai

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Dubai heats up again

Dubai heats up again | Real Estate Updates | Scoop.it
Foreign buyers are showing renewed interest in growing financial hub, writes Peta Tomlinson
MacDonald Sarin's insight:
In 2013, Dubai is once again "one of the hottest real estate markets on earth", ranking second in a Forbes rating behind Hong Kong. The report cites Knight Frank data showing that Dubai housing prices rose by 19 per cent last year - but beyond that, location was a key criteria. Dubai has a strategic role in the expansion of global and inter-regional trade in the Middle East and North Africa, and is positioning itself as the financial hub of the region.
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Chinese buyers flee Hong Kong for overseas property markets - the Realty Plus Newsletter

Chinese buyers flee Hong Kong for overseas property markets - the Realty Plus Newsletter | Real Estate Updates | Scoop.it
MacDonald Sarin's insight:

Cash-rich mainland Chinese, who some in Hong Kong blame for pushing property prices to record highs, have fled the city's real estate market, scared off by cooling measures that have sent them scouring overseas for better options.

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90% of units sold at $109m Dubai Marina tower - Real Estate - ArabianBusiness.com

90% of units sold at $109m Dubai Marina tower - Real Estate - ArabianBusiness.com | Real Estate Updates | Scoop.it
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Sale of Damac ‘luxury villas’ begins - DAWN.COM

Sale of Damac ‘luxury villas’ begins - DAWN.COM | Real Estate Updates | Scoop.it
DUBAI, June 21: Damac Properties, the largest private sector developer of luxury real estate in the Middle East has...
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Most desirable cities to live in - Property Life

Most desirable cities to live in - Property Life | Real Estate Updates | Scoop.it
- Property Life's first annual most desirable cities - where everyone should live at least once in their lives.
MacDonald Sarin's insight:

Think of the most desirable cities as a ‘bucket list’ – your urban adventure to-list list. Life, after all, is one big journey that involves many different pit stops and moments of refueling.

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Where to invest in real estate? A new report answers that - The Times of India

Where to invest in real estate? A new report answers that - The Times of India | Real Estate Updates | Scoop.it
This report is an initiative to provide well-rounded perspectives of the Indian real estate industry, focusing on factors that can potentially turn India into a global real estate powerhouse faster than expected.
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Q1 2013: Global housing markets now in full-scale boom

A dramatic picture of house prices rising around the world is revealed by the latest Global Property Guide house price survey, for the year to the 1st quarter of 2013. This i...
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A Chinese development company is to build Europe’s tallest residential building alongside the River Thames in the heart of London

A Chinese development company is to build Europe’s tallest residential building alongside the River Thames in the heart of London | Real Estate Updates | Scoop.it
MacDonald Sarin's insight:

A Chinese development company is to build Europe’s tallest residential building alongside the River Thames in the heart of London, it has been confirmed. 

The 670 foot tower block in Vauxhall will be taller than other leading landmarks in the city such as the BT tower and St George’s Wharf and is part of a bigger development that will transform the site known as One Nine Elms.

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Dubai steps up asset sales to cut debt pile

Dubai steps up asset sales to cut debt pile | Real Estate Updates | Scoop.it
Why most investors are now confident that the freewheeling emirate will recover from its 2009-2010 crisis
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Dubai's Emaar profit up 10 percent in Q2

Dubai's Emaar profit up 10 percent in Q2 | Real Estate Updates | Scoop.it
DUBAI — Dubai-based real estate giant Emaar Properties said Monday its net profit increased 10 percent to $184 million in the second quarter of 2013, as sales nearly quadrupled.
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Nakheel's profit rise signals confidence in Dubai property

DUBAI, July 9 (Reuters) - Dubai property developer Nakheel, one of the biggest casualties of the emirate's realestate market crash in 2009, posted a 57 percent jump in netprofit for the first six months...
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Synergy Reality Group LLC's comment, July 12, 2013 7:53 PM
Interesting...
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Dubai: Nakheel sells Palm hotel plots for $190.5

Dubai: Nakheel sells Palm hotel plots for $190.5 | Real Estate Updates | Scoop.it
MacDonald Sarin's insight:

A Nakheel spokesman said: "Land in prime real estate locations - such as Palm Jumeirah - is clearly in big demand, and these latest deals further highlight the trust and confidence that investors have in Dubai, and in Nakheel. 

"The Palm's crescent is filling up fast with luxury resorts, hotels and residences; these two newly-sold plots will bring yet more attractions to this world famous island, which already plays a pivotal role in the UAE's tourism sector." 

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Indians among top five countries buying properties in the US

Indians among top five countries buying properties in the US | Real Estate Updates | Scoop.it
Financial express latest business and finance news: Indians among top five countries buying properties in the US
MacDonald Sarin's insight:

Indians are among the top five foreign nationals buying real estate in United States, even as there has been a decline in foreigners acquiring properties in the US, a report has said.

 

According to the "2013 Profile of International Home Buying Activity" for the 12 months period ending March 2013, realtors reported purchases from 68 countries, but five have historically accounted for the bulk of purchases; Canada (23 per cent), China (12 per cent), Mexico (8 per cent), India (5 per cent) and the United Kingdom (5 per cent).

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Maya Swamy's curator insight, June 29, 2013 9:34 PM

Indians like Mexicans and Chinese have a strong emotional need to own their home.  It feeds their sense of security and well being.  This cultural bias also means they buy a solid home rather than a home which has today's fancy frills.

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RBI eases overseas loan rules for low-cost builders

RBI eases overseas loan rules for low-cost builders | Real Estate Updates | Scoop.it
In an effort to spur low-cost housing projects the Reserve Bank of India has made it easier for property developers to access foreign money.
MacDonald Sarin's insight:

The Reserve Bank of India has made it easier for property developers to access foreign money in an effort to spur low-cost housing projects, such as slum rehabilitation.

The RBI has extended the limit of $1 billion (nearly Rs. 6,000 crore) that can be borrowed through the external commercial borrowing (ECB) scheme to the 2014-2015 financial year from this year.

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20 Photos of Iconic Buildings and Bridges As They Were Being Built

20 Photos of Iconic Buildings and Bridges As They Were Being Built | Real Estate Updates | Scoop.it
There's a great scene in the first season of Mad Men where Don unveils a campaign for Bethlehem Steel. "New York, Chicago, and Detroit—all brought to you by Bethlehem," reads the copy.
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A Skyscraper Carved by the Sun's Rays | Wired Design | Wired.com

A Skyscraper Carved by the Sun's Rays | Wired Design | Wired.com | Real Estate Updates | Scoop.it
Developed in-house, the technique of "solar carving" uses incident angles of the sun's rays to inform building design.
MacDonald Sarin's insight:

Chicago-based firm Studio Gang recently unveiled their own plans for a new residential construction that not only offers its occupants generous light exposure, but also extends the benefit to the surrounding area. At the corner of 14th Street and 10th Avenue, the firm’s “Solar Carve Tower” will sit directly between the Hudson River and the High Line, one of New York City’s most prominent public green spaces. Rather than impede the sun’s path–and ruin the High Line’s mojo–the structure’s glassy, gem-like facade features a unique, sculpted form that reflects light down onto the park, bathing visitors in that vitamin D goodness.

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Maya Swamy's curator insight, June 30, 2013 6:25 PM

Just a personal comment - I like the design - very creative and the thinking behind it.

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India slow to reform, but consumer confidence robust: Parekh

India slow to reform, but consumer confidence robust: Parekh | Real Estate Updates | Scoop.it
Optimistic about the India story getting better going forward, industry leader Deepak Parekh on Friday said the consumer confidence remains robust in the country despite its 'unpredictable and slow to reform' nature.
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Need to cleanse India's real estate sector, says HDFC chairman

Need to cleanse India's real estate sector, says HDFC chairman | Real Estate Updates | Scoop.it

India's real estate sector needs to be cleansed to protect the interest of home buyers, feels Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), the country's largest housing finance company.

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Yasmin Pretty's comment, July 4, 2013 1:55 AM
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Hong Kong, London, Tokyo continue to be world’s most expensive office markets

According to a new Global Office report by Colliers International, global markets are reaching economic equilibrium between supply and demand after weathering challenges in Eu...
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