Archive for December, 2008

Islamabad: Economy: the worst nearing its end

Wednesday, December 31st, 2008 Posted in Eco-Friendly | No Comments »

Islamabad: Experts predict the next year to be difficult for the world economy. For Pakistan, it seems, the worst is nearing an end as 2008 closes. The year 2009 may ... Read more..

Karachi: 2,600 residents of villages get permanent land leases

Wednesday, December 31st, 2008 Posted in Economy | No Comments »

Karachi: Lease documents were distributed on Monday by Sindh Chief Minister Qaim Ali Shah to more than 200 residents out of a total of 2,600 people from four villages (Goths). ... Read more..

Islamabad: PM housing scheme contract

Wednesday, December 31st, 2008 Posted in Pakistan Real Estate News | No Comments »

The housing & works minister has informed the Senate Standing Committee on Housing & Works that the contract for construction of one million houses under Prime Minister’s Housing Programme has ... Read more..

Islamabad: Govt to establish Expo Centre in capital

Wednesday, December 31st, 2008 Posted in Trade Shows & Exhibitions | 1 Comment »

Federal government will establish an Expo Centre in Islamabad for the exhibition and sale of goods, manufactured by the trainees of Navtec-sponsored technical courses.  Read more..

Prime residential property in central London sees steep fall

Wednesday, December 31st, 2008 Posted in Buying Advice | No Comments »

Prime residential rents in central London have fallen sharply in the last three months, the largest drop since 1995, according to a new report. Read more..

Global financial crunch hits real estate sector

Wednesday, December 31st, 2008 Posted in Global Financial Crisis | No Comments »

KARACHI : Year 2008 has proved to be a rather rollercoaster ride for the real estate sector. It started off dismally in January, following massive flight of investment after former premier ... Read more..

Investments abroad start flowing towards Pakistan

Wednesday, December 31st, 2008 Posted in Global Financial Crisis | No Comments »

Islamabad —The Pakistan Economy Watch (PEW) said on Monday realty sector is showing some signs of improvement as investors disappointed with Dubai downtrend have started shifting capital to Pakistan. Many ... Read more..

Successful completion of PTCL’s promotions

Wednesday, December 31st, 2008 Posted in Business | No Comments »

Successful completion of PTCL’s promotions Islamabad—In line with PTCL’s aim of providing innovative products and services, several new telecommunication products and services such as Voice Messaging Service, IPTV and Kehdo SMS ... Read more..

Depa JV Dubai to work on the interiors of Singapore resort

Tuesday, December 30th, 2008 Posted in Dubai Real Estate | No Comments »

    Depa Limited (ticker DEPA), the world's largest interior contractor, announced that its joint venture, DDS Contracts & Interior Solutions Pte Ltd ("DDS"), has won an AED 118m contract for the ... Read more..

Dubai’s highest sky lounge opens at The Address, Downtown Burj Dubai

Tuesday, December 30th, 2008 Posted in Dubai Real Estate | No Comments »

The Address, Downtown Burj Dubai, the first and flagship property of The Address Hotels + Resorts, the newest hotel brand to enter the international luxury hospitality scene, has opened Neos, ... Read more..

Three quarters of realty units in Dubai-based Nakheel’s The World property sold out

Tuesday, December 30th, 2008 Posted in Dubai Real Estate News | No Comments »

Close to three fourth of the islands on Nakheel's off-shore The World real estate development have sold despite the global economic meltdown, source said. Read more..

Dubai property sector plans to eliminate freelance brokers

Monday, December 29th, 2008 Posted in Dubai Real Estate News | No Comments »

Dubai's property sector will not have any more freelance brokers, as real estate licensing procedures are now set to be operated under one, uniform system. This initiative to take shape ... Read more..

Triveni Group holds ground-breaking for La Fontana

Sunday, December 28th, 2008 Posted in Dubai Real Estate News | No Comments »

The Dubai-based developer, Triveni Builders and Promoters Limited (TBPL), a wholly-owned subsidiary of the Triveni Trading Group, held the ground-breaking ceremony of its Dh.100mn middle-income residential building, La Fontana. Read more..

Major UAE property developers declares to proceed with projects

Sunday, December 28th, 2008 Posted in Dubai Real Estate News | No Comments »

Few major property developers in the UAE have confirmed that they are not back-tracking their projects, or putting them on hold, in wake of the global recession. However, they did ... Read more..

Cayan’s Dorra Bay project at Dubai Marina,completed

Sunday, December 28th, 2008 Posted in Dubai Real Estate | No Comments »

Cayan Investment and Development has announced completion of their Dh.350mn Dorra Bay project in Dubai Marina. The developer also revealed completion of four out of six towers progressing in the Marina. ... Read more..

UAE plans to implement Unified Freehold Property Regulation

Sunday, December 28th, 2008 Posted in Dubai Real Estate News | No Comments »

UAE has placed a draft legislation that restricts expatriates from automatically acquiring residency visas through freehold property ownership, revealed a Federal National Council (FNC) member. Read more..

Which is better investment option – Dubai or Abu Dhabi

Sunday, December 28th, 2008 Posted in Business, Buying Advice | No Comments »

One of the fastest growing real estate companies in the region, Deyaar Development, delivered all 210 units of its Al Seef II tower to its residents last week. Read more..

Deyaar successfully delivers Al Seef II units to owners

Sunday, December 28th, 2008 Posted in Buying Advice, Dubai Real Estate | No Comments »

One of the fastest growing real estate companies in the region, Deyaar Development, delivered all 210 units of its Al Seef II tower to its residents last week. Read more..

RAKBANK strikes deal with Sorouh, Aldar for mortgage finance in Abu Dhabi

Sunday, December 28th, 2008 Posted in Dubai Real Estate News | No Comments »

With the RAKBANK announcing new mortgage finance service schemes for several existing and upcoming projects in the city, potential buyers stand a good chance of owning their dream home in ... Read more..

Properties can still yield considerable bargains if sold wisely Realty agents

Sunday, December 28th, 2008 Posted in Dubai Real Estate News, Selling Advice | No Comments »

According to real estate agents in Dubai, property can still reap considerable profits. They have warned that owners need to be realistic about the value for which they can sell ... Read more..

Damac makes steady progress for timely delivery of Ocean Heights project

Sunday, December 28th, 2008 Posted in Dubai Real Estate News | No Comments »

In a bid to deliver its project on schedule, Damac Properties is said to be making steady progress on the 'Ocean Heights Tower' project at Dubai Marina, by completing ... Read more..

Economics of Indus basin treaty

Friday, December 26th, 2008 Posted in News | No Comments »

Water is power, which has every colour of life and element of growth. Pakistan is facing a very dire situation on its water resources. Most recently, India has closed the ... Read more..

IMF credit, macroeconomic stability and growth sustainability

Friday, December 26th, 2008 Posted in Economy | No Comments »

Pakistan is to get a $7.6 billion IMF credit facility under a 23-month Stand-by-Arrangement (SBA). An amount of $4.0 billion in credit is due during the current fiscal year to ... Read more..

DHA phase IX project lifts real estate value

Friday, December 26th, 2008 Posted in Pakistan Real Estate News | No Comments »

KARACHI: The new Defence Housing Authority (DHA) phase IX project off Super Highway adjacent to Lucky Marwat Cement is still in its early stages but has helped the area get ... Read more..

Dubai, Sharjah step up efforts to boost tourism

Friday, December 26th, 2008 Posted in People & Places, Property Advice | No Comments »

Dubai's Department of Tourism and Commerce Marketing (DTCM) and Sharjah Commerce and Tourism Development Authority (SCTDA) said that they will increase promotional activities Tourism officials in Dubai and Sharjah are ... Read more..