Inside Phnom Penh’s empty new skyscraper: ‘This is only for excellencies’ http://t.co/xxjPEMBkdf
Investment Analysis – Emerging Markets:
Developing countries, also known as the emerging markets, are fast becoming the driver of global growth. Why invest in emerging markets? To cash in where the growth is today, and for the foreseeable future. http://ow.ly/3pAKKc
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DUBAI – Dubai’s largest developer Emaar Properties reported a 28.6 percent rise in second-quarter net profit on Monday, marginally beating forecasts, but revenue from property sales in the emirate dropped. ow.ly/2Ld3eF
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The rise of Dubai’s fast-growing residential real estate market is likely to peak in 2015, but will not suffer the same dramatic pitfall seen in 2008 and 2009, a leading Dubai real estate boss has forecast ow.ly/2Lc52O
Carlisle Mitchell Insider Tips for Real Estate Investors is a trusted and reliable source of expert investment and market analysis for real estate investors world-wide. NEW! Now follow Carlisle Mitchell Insider Tips for Real Estate Investors on Facebook and Twitter
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Abu Dhabi tenants hit with rent increases of up to 50% – Abu Dhabi plans its own rental index, design to regulate … ow.ly/2KdR6l
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Best places for vacation home deals – Whether you love golf, the water, the outdoors or theme parks, here are the … ow.ly/2K7zw3
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Filed under: Carlisle Mitchell, Carlisle Mitchell Insider Tips for Investors, Real Estate Investors, Investment Properties
DUBAI – Dubai developer Damac Properties has announced it will give away a luxury BMW luxury car with each unit purchased during Ramadan as part of a special promotion during the holy month.
Customers signing on the dotted line for a property will be presented with a luxury car, including the BMW 520i and the BMW 320i and the promotion extends outside the UAE to buyers from Saudi Arabia, Qatar and Kuwait, who will be able to take collection of the vehicles in their home country.
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Filed under: Carlisle Mitchell, Carlisle Mitchell Insider Tips for Investors, Real Estate Investors, Investment Properties
According to Global Property Guide, Dubai real estate prices climbed 10% in Q1 against Q4, and 32% YOY — easily the largest jumps in the world.
The IMF warned last month of “unsustainable price dynamics and an eventual correction,” and that mega projects could create risks to Dubai’s government-sponsored entities, which are looking at debt levels of 141% percent of Dubai GDP.
Bloomberg reported the country’s central bank recently said rental yields in Dubai, as well as Abu Dhabi, had fallen below historical averages while real estate prices rose, suggesting the market may be imbalanced.
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DUBAI —Investcorp, a Bahrain-based investment firm, bought five office properties in the Washington, D.C., Denver and Houston metropolitan areas for about $200 million through its U.S.-based real estate arm, it said on Tuesday.
The properties total more than a million square feet and are located in “markets characterized by economic growth and low unemployment,” the company said in an emailed statement. The three properties are the Tysons Commerce Center in Tysons Corner, Virginia, Westmoor Place in Denver and One Westchase Center in Houston, the statement said.
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The real estate market of UAE has emerged as an investment hot spot for international celebrity investors. In May 2002, the UAE Government sanctioned a new property legislation that allows foreigners to purchase properties in specific areas with freehold ownership rights. Ever since, real estate developers have consistently sought out international celebrities to endorse their projects.
Dubai is a glamorous destination and is known for its luxury lifestyle, world class events and exhibitions. International celebrities from Hollywood, Bollywood and sports started buying assets in iconic developments like Palm Jumeirah, Burj Khalifa and The World Island etc.
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Carlisle Mitchell - Dubai 