Archive for January, 2009

Investors in a dilemma as Jehaan project changes hands

Saturday, January 31st, 2009 Posted in Dubai Real Estate News | No Comments »

Dubai: Owner and chairman of property developer Aspire Real Estate, Harry Kantaria, is handing over his company's Dh530 million Jehaan project to a third party. Read more..

Abyaar to gets loan for real estate projects

Saturday, January 31st, 2009 Posted in Dubai Real Estate News | No Comments »

Abyaar Real Estate Development Co., Kuwaiti property developer, has stated that it would get fresh credit facilities from Bank of Kuwait and Middle East. Read more..

DHA desalination plant still under a cloud

Saturday, January 31st, 2009 Posted in News | No Comments »

If the residents of Karachi’s upmarket Defence Housing Authority (DHA) area had hoped that their water woes are about to end, they have another thing coming. Claims that the ... Read more..

Facelift of DHA slums ordered

Friday, January 30th, 2009 Posted in Pakistan Real Estate News | No Comments »

Proactive measures should be taken to bring about a substantial improvement in the sanitation and sewerage systems in low-income localities, DHA Administrator Brig. Khalid Timizi said on Thursday during a ... Read more..

Karachi Presents Role Model For Whole Pakistan Governor Punjab Salman Taseer

Friday, January 30th, 2009 Posted in Pakistan Real Estate News | Comments Off

Karachi. Jan 28: Governor of Punjab Salman Taseer has said that citizens of Karachi are fortunate to have a very sincere and hard working leadership which has performed development work ... Read more..

Islamabad Water crisis looms as new sectors planned

Friday, January 30th, 2009 Posted in News | Comments Off

ISLAMABAD: The capital is likely to face acute water shortage in the future, as the Ghazi Barotha Water Supply Project (GBWSP) of the Capital Development Authority (CDA) is still pending ... Read more..

Islamabad Expressway: CDA chief stresses early start of project

Thursday, January 29th, 2009 Posted in Pakistan Real Estate News | No Comments »

ISLAMABAD (January 29 2009): Tariq Mahmood Khan Chairman CDA visited 6 kilometer long service road (west) along Islamabad Highway here Wednesday. Read more..

Dubai to host International Golf Festival

Thursday, January 29th, 2009 Posted in People & Places, Trade Shows & Exhibitions | Comments Off

Dubai will host the inaugural International Golf Festival in September 2009 at the Dubai World Trade Centre to further underline its position as a hub for golf. Read more..

Record surge in exports drives Dubai’s non-oil foreign trade to Dh934.7

Thursday, January 29th, 2009 Posted in Dubai Real Estate | Comments Off

Dubai's non-oil foreign trade touches Dh934.7 billion in 2008 thanks to a record surge in exports, an increase of Dh256.2 billion or 38 per cent from Dh678.5 billion in 2007, ... Read more..

Dubai real estate investment crosses Dh58bn during Q4 of 2008

Thursday, January 29th, 2009 Posted in Dubai Real Estate | Comments Off

Dubai real estate sector's wholesome investment crosses Dh58 billion during the last quarter of 2008, according to REIDIN.com, an online property tracker. Read more..

Islamabad CDA wants opening of one side of Faisal Ave-Jinnah

Thursday, January 29th, 2009 Posted in News | Comments Off

The wishes of those in the Capital Development Authority (CDA) to get at least one side of the Faisal Avenue-Jinnah Avenue flyover to be opened by mid-February, 2009, are most ... Read more..

Lahore: LDA removes 70 illegal gates in Iqbal Town

Thursday, January 29th, 2009 Posted in Pakistan Real Estate News | Comments Off

LAHORE: The Lahore Development Authority (LDA) has removed 70 illegal iron gates in Allama Iqbal Town. These iron gates hindered traffic flow and pedestrians. Read more..

Lahore: Gulberg Main Market traders oppose ‘metered parking’ system

Thursday, January 29th, 2009 Posted in Pakistan Real Estate News | Comments Off

LAHORE: The City District Government Lahore (CDGL) and Gulberg Town administration are set to install the ‘metered parking system’ at Main Market Gulberg and at various other important sites of ... Read more..

Karachi: Revised PC-1 for Karachi Northern Bypass approved

Thursday, January 29th, 2009 Posted in Pakistan Real Estate News | Comments Off

ISLAMABAD (January 28 2009): National Highway Executive Board has approved the revised PC-1 for Karachi Northern Bypass, which is estimated to cost Rs 5.4 billion and recommended it for approval ... Read more..

Investors warned about risks in US

Thursday, January 29th, 2009 Posted in Global Financial Crisis | Comments Off

Riyadh: A top American business executive and economic expert cautioned Gulf and Arab investors against the risks of making investments in the United States at present in the wake of ... Read more..

Investments in Dubai’s real estate top Dh58b

Thursday, January 29th, 2009 Posted in Dubai Real Estate News, Global Financial Crisis | No Comments »

Dubai: Total investments in Dubai's real estate sector exceeded Dh58 billion during the last quarter of 2008, representing a drop in comparison to the previous quarter of 2008, according ... Read more..

Karachi Hotel industry in hot waters

Thursday, January 29th, 2009 Posted in Business | No Comments »

KARACHI, Jan 28: Hotel industry paints a gloomy business outlook for the current calendar in view of economic and political turmoil, worsening law and order in tribal areas and persistent ... Read more..

Property buyers can contest terminated off-plan contracts signed after Aug 31, 08

Wednesday, January 28th, 2009 Posted in Dubai Real Estate | Comments Off

Real estate buyers can fight for their "terminated" off-plan contracts, signed after August 31, 2008, in the newly set-up property court, but will have to go through the Dubai Land ... Read more..

UAE financial markets continue fine run

Wednesday, January 28th, 2009 Posted in UAE Real Estate | No Comments »

Dubai: UAE markets advanced for the third consecutive day this week, tracking gains in the global and regional markets and crude price holding steady. Read more..

Rent contracts need exit path

Wednesday, January 28th, 2009 Posted in Dubai Real Estate News | No Comments »

Dubai: Tenants suffering the impact of the financial situation should be allowed to terminate their leases without hassle, especially those paying annual rents with a single cheque, legal experts say. Read more..

Abu Dhabi plans to inject more liquidity

Wednesday, January 28th, 2009 Posted in UAE Real Estate | No Comments »

Abu Dhabi: Abu Dhabi plans to inject more liquidity through the banking system into the market to ease the impact of the global financial crisis, Shaikh Sultan Bin Khalifa Al ... Read more..

Development schemes contractors, MDA want upward revision of project cost

Wednesday, January 28th, 2009 Posted in Pakistan Real Estate News | No Comments »

MULTAN (January 27 2009): The contractors engaged in construction of different development projects of government departments and Multan Development Authority (MDA) have submitted a request for an upward revision ... Read more..

Pakistan asked to attract overseas investments

Wednesday, January 28th, 2009 Posted in Economy | No Comments »

KARACHI (January 28 2009): Consul General of France, Pierre Seillan has said that Pakistan should market the name for attracting investment and should build image to give confidence to attract ... Read more..

Pakistan Canada discuss cooperation in solar energy

Wednesday, January 28th, 2009 Posted in Business | Comments Off

ISLAMABAD: Pakistan and Canada have discussed ways and means to enhance cooperation in promoting solar and green energy generation in Pakistan. Read more..

Pakistani businesses in UK largely unhurt by global recession

Wednesday, January 28th, 2009 Posted in Business | Comments Off

LONDON: Words pregnant with hope and promises of monetary support from the government and the opposition politicians are next to nothing for the British businesses as fears of bleaker times ... Read more..