He said Russian clients were particularly drawn to exclusive locations such as Emirates Hills, Dubai Hills and Palm Jumeirah, “where they can enjoy privacy and luxury within affluent neighbourhoods”.
Iraq wedding fire caused by ‘gross negligence’, government investigation says
Those trapped at the wedding venue could not be reached due to inadequate exits, the report said. Read more at straitstimes.com.
China Stock Investors Say Worst Yet to Come in Property Crisis
China’s property sector has yet to see the worst of the crisis that has cast a pall over the nation’s economy and helped drive an exodus of global funds from the world’s second-largest stock market.
Does China’s Property Bust Make a Financial Crisis Inevitable?
Perhaps not—if Beijing plays its cards right. But serious damage to the nation’s prospects is still likely. A look at the problem in five charts.
How China’s Property Crisis Is Testing Its Too-Big-to-Fail Banks
BEIJING — China’s giant banking system, the world’s largest, is heavily exposed to the real estate crisis: Nearly 40% of all bank loans are related to property. And pressure is building on those banks …
Evergrande halts share trading as woes mount for China property giant
Suspension comes a month after developer resumed trading and follows its chair reportedly being put under police surveillance …
New Trouble Roils China Evergrande, Fueling Real Estate Crisis Fears
The developer halted critical work to settle its debts and investors dumped their stock amid news that executives were under suspicion by the authorities.
Hong Kong halts trading of Evergrande shares as chairman detained
Market regulators in Hong Kong suspended trading Thursday in shares of the troubled Chinese property giant Evergrande after reports founder and chairman Hui Ka Yan is under house arrest.
Hong Kong sees improved retail property sales transactions
A retail unit was recently sold for HK$370m. Buoyed by the revival in tourist arrivals and the improved labour market, Hong Kong’s retail market remained stable. According to a Knight Frank report, …
Maldives opposition candidate Muizzu wins presidential vote
Opposition candidate Mohamed Muizzu has won the Maldives presidential election, beating incumbent President Ibrahim Solih in a second-round runoff that could herald a pro-China shift for the Indian …