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Dubai’s Real Estate Regulatory Authority (Rera) officials said that the new rental index to be released shortly shows an average price drop in rents of 10 to 15 per cent. Read the rest of this entry »

A recent article about the future of the real estate market in Pakistan threw me off completely. It quoted a real estate agent stating that the slump in the Pakistani real estate market was a unique opportunity to invest in Pakistan before an expected upsurge later this year. This statement flies in the face of reason and deserves to be looked at rationally. As does the real estate sector in Pakistan generally. Read the rest of this entry »

Never blindly accept any homebuilder without doing a little research. It will take quite a bit of legwork, but likely will stave off potential frustration and massive repair bills. Here’s where to start. Read the rest of this entry »

The tax deductibility of mortgage interest is a familiar benefit to homeowners, but it is not the only tax-related issue that homeowners need to know about. Some of the greatest challenges of owning a home come in the form of the tax regulations that relate to points and cost basis. Fortunately, a little knowledge goes a long way toward clearing up the mysteries. In this article we’ll give you the lowdown on mortgage basis points and show you how they figure into your home’s value, cost basis and, ultimately, your tax liability. Read the rest of this entry »

I’m having a problem with a rental property. My tenant doesn’t seem to find it important to pay her rent; go figure. I’ve been managing my own rental properties for 14 years now and rarely run into this problem, believe it or not. I’ve arrogantly attributed my success with my rental properties to my sweet disposition and the respectful attitude I take with my tenants. Read the rest of this entry »

Housing prices are down, and mortgage rates are low. Still, experts advise that potential buyers exercise caution before venturing into this real-estate market.

With cheaper home prices, lower mortgage rates and big discounts on foreclosures, buyers will have plenty of incentives to get into the real estate market in 2009. Read the rest of this entry »

World’s leading urban planning experts, architects, senior governmental advisors, municipality officials and CEOs of major corporations have been confirmed as speakers for the 2009 edition of Global City being held April 7-8, 2009 in Abu Dhabi. Global City, an international forum enabling urban development decision-makers to share and learn lessons and solutions in building sustainable cities, is being brought to the region for the first time by Reed Exhibitions. Read the rest of this entry »

Sharm el Sheikh, Egypt’s Red Sea Resort has became the second EarthLung destination of the world. Egypt’s Minister of Tourism, Zoheir Garranah, declared the commitment of Egyptian Tourism and said, "Following the initiative of Sri Lanka, we are happy to join the Tourism EarthLung Community with our resort destination, Sharm el Sheikh, committing to work towards becoming a carbon neutral destination in the future". Read the rest of this entry »

Fine & Country, one of the world’s largest prestige property networks, has announced the launch of its UAE operations as the company’s first move into the buoyant Gulf property sector. This launch signals a further maturing of the UAE real estate market.

Phil Sheridan, Chairman, Fine & Country – UAE, said, “In a fast changing regulatory environment such as the UAE, the Fine & Country brand provides a cost-effective solution for the independent operator. As new legislation will limit the number of agents that can be listed per property, a strong overall marketing package that is fully networked – locally and internationally – deliver significant benefits and economies of scale.” Read the rest of this entry »

Dubai, Sept 01: Burj Dubai in the United Arab Emirates (UAE) is now the world’s tallest man-made structure, after reaching a record height of 688 metres, its developer real estate giant Emaar Properties said in a statement Monday.

The tower is now over 160 storeys – the largest number of floors in any building across the world, an Emaar statement here said.

The tower unofficially became the world’s tallest man-made structure in April this year after surpassing the KVLY-TV mast (628.8 metres) in North Dakota in the US.

Designed by Chicago-based Skidmore, Owings & Merrill (SOM), Burj Dubai is being constructed by high-rise building experts from South Korea’s Samsung Corporation.

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KARACHI – Most of the real estate dealers are claiming that it was the right time to make investment in the property as the prices are on the lowest and affordable side and there are strong chances of upsurge in prices at the end of this calendar year.

The real estate dealers said that the political situation is expected to improve in next two to three months that would encourage investment in this sector, leading to improvement in prices.
They said that at present the stock market was facing the worst recession and the best way to make investment was the real estate sector.

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