business / International Real Estate
Dubai scraps racecourse agreementDubai's Meydan said on Monday it has cancelled a racecourse construction deal with Malaysian construction firm WCT Engineering Bhd and local firm Arabtec 'because of non-adherence to the agreed time schedule for construction', the company said in a statement. Meydan is taking steps to commission other companies to complete the racecourse by 2010, when it is to be opened with the Dubai World Cup horse race, the statement said.
ameinfo.com Tuesday, January 06, 2009New course offered on Dubai Strata LawDubai Real Estate Institute has announced that it will be offer a new course titled 'Implementing Dubai Strata Law', providing participants with an in-depth understanding of the law's key clauses, specifically on shared property management, according to a press release. The four-day course will be held from the 26-29 January at the DREI campus.
ameinfo.com Tuesday, January 06, 2009Sweet Homes awards $123m construction contractDubai-based developer Sweet Homes has awarded a Dhs450m ($123m) contract to Sharjah-based Master Civil Construction Company for the construction of Towers B10, B14 and B15 - three out of the nine towers comprising its Dhs1.7bn 'Rainbow Towers' project. The move follows the completion of an Dhs12 million shoring and excavation contract undertaken by Piling Tech LLC for the initial groundwork of the three towers. The project, which is being built in Emirates City in Ajman, marks the developer's first development in the UAE, and is set for completion by the last quarter of 2010.
ameinfo.com Tuesday, January 06, 2009Middle East Property Experts Expect Good YearProperty analysts and executives in the Middle East are looking to 2009 as a good year, despite many predictions of an overall slowdown in global real estate. It appears that oil prices have bottomed out and, with them, property prices as well. As prices rise there will be an increasing amount of investment in the Middle East
once again and real estate will regain its footing.
homesgofast.com Tuesday, January 06, 2009Al Bustan Palace InterContinental Reopens in MuscatInterContinental Hotels has just reopened its Al Bustan Palace Hotel in Muscat, Oman after extensive renovations. The restoration work to the luxury property located just outside the capital city and on the shores of the Gulf of Oman was comprehensive. The work involved redoing and upgrading the lobby, beach and garden area, sports facilities and most of the guest rooms and suites
homesgofast.com Tuesday, January 06, 2009French Ski Resorts Off to a Good StartSki resorts in France are off to a good start for 2009, providing plenty of opportunities for rental property owners. With some of the biggest snow in December, the
holiday season had lots of good skiing for people to enjoy. Additionally, the tough economic times mean that more local residents in France and the surrounding countries are staying closer to home.
homesgofast.com Tuesday, January 06, 2009Low Cost Airlines to Increase Market Share in 2009Low cost airlines are set to increase their market share in 2009 over legacy carriers, according to the Centre for Asia Pacific Aviation (CAPA). With the global economy in what is now seen as a worldwide recession, fuel prices have dropped considerably. That means more people will be flying budget or low cost airlines, while those carriers major costs will be lower. This makes for a unique combination that will help to drive growth in their market share over the next year.
homesgofast.com Tuesday, January 06, 2009Zagreb Croatia Hosts World Cup SkiingCroatias capital city of Zagreb has a spectacular ski resort just minutes from downtown. The Sljeme ski area is a popular destination on the slopes of Medvednica hill and is typically host to a couple of World Cup Ski races each winter. This year the womens race took place on the first weekend of 2009 and saw German Maria Riesch take home the Snow Queen Trophy.
homesgofast.com Tuesday, January 06, 2009Turkish Families Buy Istanbul PropertyThe Turkish news agency Hurriyet gives an insight into the Istanbul
property market with a report that indicates that the majority of homes in Istanbul are bought without a mortgage.
Istanbul which has been increasingly popular with international buyers seeking investment property is a unique real estate market. Property is being purchased through "family loans." Parents or elder family members help young couples in home purchases when bank loans are not available or not preferred, said Realty World Ica Property broker Iclal Gürpinar.
homesgofast.com Tuesday, January 06, 2009A Place in The Sun For British in AustraliaBritish television viewers are being treated to a glimpse of Australian life for couples who are making the move from Britain to Australia. Channel 4 popular overseas property show concentrates on immigrating Brits in a new series A Place in the Sun Down Under
A Place In The Sun property show hosted by Amanda Lamb helps three families relocate 'down under' and will show the ups and downs of the couples seeking a new life in Australia.
homesgofast.com Tuesday, January 06, 2009
Archived international real estate news stories.
Available news archives.
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