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The Bureau of International Expositions (BIE) met last month to assess the validity and readiness of the five city bids for the 2020 World Expo. Due to a lack of government support, Thailand's Ayutthaya was withdrawn, leaving Yekaterinburg (Russia), Izmir (Turkey), Sao Paolo (Brazil), and Dubai (UAE) to woo the 166 BIE representatives before the final closed session vote in late November. With the launch of many new mega projects and the government's collaborative efforts to carry the 2020 Expo to the Middle East for the first time, Dubai's chances seem to have changed significantly over the last six months. The Dubai Metro's $1.4 billion (AED5 billion) Red Line extension to Al Maktoum International Airport in Jebel Ali and the Expo 2020 site is expected to be completed quickly, demonstrating the authorities' commitment to the bid.  houses Dubai's list of world's largest, tallest, and most audacious superlatives has given the emirate a global reputation; how...

For international buyers, the selling price of a house is just one aspect of the financial equation. Taxes, stamp duties, and annual fees will significantly increase the cost of a home, turning it from an investment to a money pit. qatar property finder According to data released today by Knight Frank, taxes and fees will add up to 25% to the price of a $3 million new-build home in Hong Kong, where the government is attempting to slow rapidly growing prices. The additional expense is largely due to non-citizens' stamp duty and property tax. While Hong Kong has the most fees, it is far from alone. Singapore came in second on Knight Frank's most expensive list, with consumers paying an additional 19.3 trillion in purchase prices, including the world's highest stamp duty rate of 18 percent. "While the financial crisis boosted cross-border property demand, it also created a more volatile tax and regulatory climate," Liam Bailey, global head of residential research, s...

  According to the latest report from London-based Lloyds TSB International Global Housing Market Review, housing prices in India are the highest in the world. After inflation, prices in a country with a population of 1.21 billion people have risen by 284 percent since 2001. This translates to a 14 percent annual rise.  qatar properties According to the Lloyds survey, Russia and South Africa have the second and third highest housing prices, respectively. Prices in Russia have increased by 209% in the last ten years, while they have increased by 161% in South Africa. Shelter prices in Japan, on the other hand, fell by 30% during the time span under consideration. In Germany, they were down 17 percent. According to the survey, prices in the United States have fallen by 2% in the last ten years. The United Kingdom remains among the top 15 performing markets. Over the last decade, housing prices have only increased by 50%. According to the Lloyds survey, prices in India in...

  The first Rosewood Hotel in Abu Dhabi is set to open in May, according to Ali Eid Al Mheiri, executive director of Mubadala Real Estate and Infrastructure. Mubadala's Al Maryah Island development, formerly known as Sowwah Island, includes the 189-room five-star hotel. The 114-hectare project, which is still in the planning stages, is envisioned as Abu Dhabi's new financial district, with the Abu Dhabi Stock Exchange as its centerpiece.  qatar sale According to the hotel website, the Rosewood hotel was designed by Handel Architects and features floor-to-ceiling windows with views of the Arabian Gulf in every room. There are also 1,636 square meters of meeting space as well as nine restaurants and lounges at the hotel. The hotel's opening will be a watershed moment for the Al Maryah project, which has been in the works for six years and cost Dh4 billion ($1.089 billion). However, due to development issues that have hampered projects across the UAE, the project has tak...

  the industrial market is making a comeback. Brennan Investment Group of Chicago and Gatehouse Bank, plc of London bought a $155 million portfolio of industrial assets in 12 states in July. According to Real Capital Analytics' third quarter 2012 industrial survey, this investment was one of around ten industrial portfolios purchased in the third quarter of 2012. This 20-property portfolio was 100% leased to 12 tenants at the time of purchase.  iphone installment plan qatar "Over the past year and a half, US industrial markets have demonstrated remarkable resilience, with virtually every major market reporting positive absorption and increasing occupancies," Michael Brennan, chairman and managing partner of the Brennan Investment Group, said at the time of the purchase. While not all sub-sectors of the industrial market are doing equally well, RCA's industrial report for the third quarter is still reasonably optimistic. According to the survey, an increase in in...

  but not so much in Spain, Greece, or France. Commercial real estate landlords are doing well in Brazil, Canada, and Russia, but not so well in Spain, Greece, or France with leased properties. The Royal Institution of Chartered Surveyors, based in London, made this observation in the first quarter (RICS). The majority of foreign investor inquiries in the January-March timeframe favored Canada, Brazil, the United States, Germany, and Bulgaria, according to RICS' latest Global Commercial Property Survey.  qatar selling "The biggest area of concern remains Europe," says RICS Chief Economist Simon Rubinsohn, "with most of the continent either in or flirting with recession." "However, Germany's resilience should provide a measure of support and eventually help bolster development elsewhere on the continent," he adds. With the exception of Switzerland, Poland, Russia, and Germany, the majority of countries surveyed had negative capital value perceptions...

Actis LLP, a private equity firm, plans to invest up to $1.5 billion in African commercial real estate, aiming to benefit from the region's rising middle class.  property qatar According to Bloomberg, Actis, headquartered in London, plans to invest in shopping malls, office buildings, and industrial park ventures that will be completed within the next five years. Africa's population is among the world's youngest and fastest-growing. According to a McKinsey & Co. 2010 survey, household spending on the continent is projected to increase by 63 percent to $1.4 trillion by 2020. Kevin Teeroovengadum, Actis' Sub-Saharan African real estate unit owner, told Bloomberg that "we are seeing a change in interest from South African brands to European retailers" looking for opportunities in fast-growing economies like Nigeria, Ghana, and Kenya. Actis has invested $1.4 billion in seven Africa funds since 2003. According to Bloomberg, the proceeds of a $155 million real e...

According to the top executive of its new acquisition target, MGPA, BlackRock, the world's largest asset manager, is targeting key markets such as Japan and Australia as it moves into Asian real estate for the first time.  apartment for sale in qatar According to MGPA executive chairman Jim Quille, BlackRock is betting that higher interest rates and the region's rapid growth will generate strong demand for property in the coming years. "In their opinion, real estate, especially Asian real estate, is likely to benefit from capital flows in the coming years," Quille said. "At the moment, we're investing in Japan, China, and Australia because we believe they offer the best value." "Hong Kong is obviously very expensive and very toppy at the moment, and it's not a market we'd be interested in." BlackRock seems to be eager to take advantage of additional future capital gains in Asian office space. The business announced on May 21 that it wou...

  and Spain are purchased by Toronto's First Service Corp. for $22 million. After several years of working as affiliates in transactions, Toronto-based FirstService Corp. is paying $22 million for all of Colliers International's properties in the UK, Ireland, and Spain. Colliers UK is the name of the acquired properties, which will now be under the FirstService corporate umbrella. Colliers International will continue to exist as a separate business entity. The transaction is the largest of its kind so far this year among commercial real estate companies in North America, Europe, and Asia-Pacific.  buy property in qatar Colliers UK recorded $100 million in sales for the fiscal year ending in 2011, according to a joint press release issued by the firm and FirstService on Wednesday. "After many years of working together as associates, we are looking forward to realizing Colliers' full potential in the UK, Europe, and internationally under Tony Horrell's lead...

For international buyers, the selling price of a house is just one aspect of the financial equation. Taxes, stamp duties, and annual fees will significantly increase the cost of a home, turning it from an investment to a money pit.  qatar villa According to data released today by Knight Frank, taxes and fees will add up to 25% to the price of a $3 million new-build home in Hong Kong, where the government is attempting to slow rapidly growing prices. The additional expense is largely due to non-citizens' stamp duty and property tax. While Hong Kong has the most fees, it is far from alone. Singapore came in second on Knight Frank's most expensive list, with consumers paying an additional 19.3 trillion in purchase prices, including the world's highest stamp duty rate of 18 percent. "While the financial crisis boosted cross-border property demand, it also created a more volatile tax and regulatory climate," Liam Bailey, global head of residential research, said. The e...

According to the top executive of its new acquisition target, MGPA, BlackRock, the world's largest asset manager, is targeting key markets such as Japan and Australia as it moves into Asian real estate for the first time.  apartment for sale in pearl qatar According to MGPA executive chairman Jim Quille, BlackRock is betting that higher interest rates and the region's rapid growth will generate strong demand for property in the coming years. "In their opinion, real estate, especially Asian real estate, is likely to benefit from capital flows in the coming years," Quille said. "At the moment, we're investing in Japan, China, and Australia because we believe they offer the best value." "Hong Kong is obviously very expensive and very toppy at the moment, and it's not a market we'd be interested in." BlackRock seems to be eager to take advantage of additional future capital gains in Asian office space. The business announced on May 21 that ...

The Bureau of International Expositions (BIE) met last month to assess the validity and readiness of the five city bids for the 2020 World Expo. Due to a lack of government support, Thailand's Ayutthaya was withdrawn, leaving Yekaterinburg (Russia), Izmir (Turkey), Sao Paolo (Brazil), and Dubai (UAE) to woo the 166 BIE representatives before the final closed session vote in late November.  villa   With the launch of many new mega projects and the government's collaborative efforts to carry the 2020 Expo to the Middle East for the first time, Dubai's chances seem to have changed significantly over the last six months. The Dubai Metro's $1.4 billion (AED5 billion) Red Line extension to Al Maktoum International Airport in Jebel Ali and the Expo 2020 site is expected to be completed quickly, demonstrating the authorities' commitment to the bid. Dubai's list of world's largest, tallest, and most audacious superlatives has given the emirate a global reputation; ho...

Actis LLP, a private equity firm, plans to invest up to $1.5 billion in African commercial real estate, aiming to benefit from the region's rising middle class.  qatar properties for sale According to Bloomberg, Actis, headquartered in London, plans to invest in shopping malls, office buildings, and industrial park ventures that will be completed within the next five years. Africa's population is among the world's youngest and fastest-growing. According to a McKinsey & Co. 2010 survey, household spending on the continent is projected to increase by 63 percent to $1.4 trillion by 2020. Kevin Teeroovengadum, Actis' Sub-Saharan African real estate unit owner, told Bloomberg that "we are seeing a change in interest from South African brands to European retailers" looking for opportunities in fast-growing economies like Nigeria, Ghana, and Kenya. Actis has invested $1.4 billion in seven Africa funds since 2003. According to Bloomberg, the proceeds of a $155 mil...

According to the top executive of its new acquisition target, MGPA, BlackRock, the world's largest asset manager, is targeting key markets such as Japan and Australia as it moves into Asian real estate for the first time.  buy property in qatar for expats According to MGPA executive chairman Jim Quille, BlackRock is betting that higher interest rates and the region's rapid growth will generate strong demand for property in the coming years. "In their opinion, real estate, especially Asian real estate, is likely to benefit from capital flows in the coming years," Quille said. "At the moment, we're investing in Japan, China, and Australia because we believe they offer the best value." "Hong Kong is obviously very expensive and very toppy at the moment, and it's not a market we'd be interested in." BlackRock seems to be eager to take advantage of additional future capital gains in Asian office space. The business announced on May 21 that i...

  After several years of working as affiliates in transactions, Toronto-based FirstService Corp. is paying $22 million for all of Colliers International's properties in the UK, Ireland, and Spain. Colliers UK is the name of the acquired properties, which will now be under the FirstService corporate umbrella. Colliers International will continue to exist as a separate business entity. The transaction is the largest of its kind so far this year among commercial real estate companies in North America, Europe, and Asia-Pacific.  buying property in qatar for expats Colliers UK recorded $100 million in sales for the fiscal year ending in 2011, according to a joint press release issued by the firm and FirstService on Wednesday. "After many years of working together as associates, we are looking forward to realizing Colliers' full potential in the UK, Europe, and internationally under Tony Horrell's leadership," said Peter Humphries, Colliers International's C...