PropertyO News
Commercial property, Oct 2010
World's tallest building 90% empty
Nine months after Burj Khalifa opened with a massive fireworks and light show, 90 percent of the apartments in the world world's tallest building are empty, a Dubai agent says...
Wed, Oct 27, 2010
Uae projects face long wait for finance
Real estate development projects in the UAE are facing a long wait in gaining finance, with Dubai in particular unlikely to receive much in the near future, as banks remain very selective in their financing, according to executives at the Reuters Middle East Investment Summit...
Tue, Oct 26, 2010
Nakheel launches new dubai projects
Nakheel, the debt laden real estate arm of state owned conglomerate Dubai World, plans to resume work on short term residential projects by the end of October, it has announced...
Mon, Oct 25, 2010
Tokyo opens new international airport
Tokyo's second biggest airport Haneda has opened a new runway and passenger terminal, making it a fully-fledged international airport and boosting Japan's capital as an Asian hub...
Fri, Oct 22, 2010
New chapter for iconic hotel
The Hotel Chelsea, a Manhattan landmark where Bob Dylan and Andy Warhol once lived, has been put up for sale by the families that owned and operated it for more than 65 years...
Thu, Oct 21, 2010
Dubai office blocks 'should be demolished'
Some office buildings in Dubai are so ill conceived and poorly located that they will never be occupied, while others may command no more than the cost of maintenance, according to a damning analysis from property consultants...
Tue, Oct 19, 2010
Your own hotel: just $679,000 a night
Want an exclusive venue for your next party? The Mandarin Oriental Tokyo hotel may have the answer: use of the entire hotel, including nine restaurants and all spas and rooms -- for a cool $679,500 a night...
Fri, Oct 15, 2010
New york commercial property on the up
Leasing and investment activity in the New York commercial real estate market is strongly up year on year, according to a new report...
Wed, Oct 13, 2010
Ihg’s holiday inn continues in its conquest of latin america
Cartagena is home to the latest property project for InterContinental Hotels Group (IHG)...
Fri, Oct 08, 2010
Increase in india real estate needed to meet demands
A study conducted by property firm Cushman & Wakefield India has revealed that the country will need approximately 240 million sq. ft of commercial property and about 4.25 million units of residential real estate to meet the demand in the coming four years...
Thu, Oct 07, 2010