- Emaar Properties records 15% Q3 net profit increase [Zawya]
- Spanish property prices could fall 50 percent [Forbes]
- Financial crisis: World round-up [BBC]
- Slump wipes out £15bn from richest real estate moguls [Wealth Bulletin]
- South East Asia property market likely to weather global downturn [Property Wire]
- Brazil may rescue homebuilders [Bloomberg]
Archive for October, 2008
International Property News Beat [Mid-Week] – Spanish Property, Emmar & Real Estate Moguls
by Overseas Property Mall on Wednesday, October 22nd, 2008 in Overseas Property Trends
The Executive Towers in Al Helio Downtown in Ajman
by OP-Mall on Tuesday, October 21st, 2008 in Ajman Property, International Properties for Sale | Real Estate Listings
Executive Towers is a masterfully planned mixed use development offering both businesses and residents elegant ultra modern urban facilities within the most inspiring surroundings of Al Helio Downtown in Ajman. Executive towers is designed by renowned architects Atkins, and will include a wealth of Residential, Business and Recreational facilities.
Executive Towers in Al Helio Downtown is tipped to become the UAE’s next property hot spot. Huge capital growth forecast and the opportunity to flip the investment before completion of the development make this type of investment a sure fire winner.
Marina Bay Financial Centre bestowed National Arts Award
by Overseas Property Mall on Tuesday, October 21st, 2008 in Property & Real Estate Press Releases
Singapore, 21 October 2008 – Marina Bay Financial Centre (MBFC) was conferred the Associate of the Arts Award by the National Arts Council tonight in recognition of its contributions towards last year’s Marina Bay SINGAPORE Countdown. Recipients of the National Arts Council’s Patron of the Arts Awards are recognised for contributing towards the promotion of cultural and artistic activities in Singapore.
Amazulu World In South Africa
by OP-Mall on Tuesday, October 21st, 2008 in South African Property
This year’s Dubai’s Cityscape saw a major announcement being made on the first day of the exhibition, when Ruwaad, a Dubai based real estate developer announced the development of Amazulu World, the largest of its kind multi-billion-dollar themed entertainment development in South Africa.
Choosing Russian Real Estate Co-Brokers to sell foreign properties to Russians
by Overseas Property Mall on Monday, October 20th, 2008 in Property & Real Estate Press Releases
The List of Russian Real Estate Brokers certified in Moscow, Russia to co-broke in marketing and selling properties from ANY country to Russian buyers, has been created. The List is annotated in English.
There are no Realtor licensing bodies in Russia, no laws that require Realtors to be licensed, and no specific laws to regulate their activities and commissions.
Shanghai Property Grand Prix
by OP-Mall on Monday, October 20th, 2008 in Shanghai Property

Lewis Hamilton @ Shanghai GP [Credits: Emilgh]
With the world seemingly against him, Lewis Hamilton proved them all wrong and raced to a fantastic win in Shanghai’s Formula 1 on Sunday. He was labeled arrogant by the press and some of his rival drivers even pledged to help his title rivals in order to pay him a lesson, but regardless of all the talk and chatter, the Brit is now in a sweet position to become the youngest world champion ever if he manages to finish in the top five on Nov. 2nd in Brazil’s end of season race.
Launch Discounts on Phase 1 Apartments in the Tarin Hills development in Erbil, Iraq
by Overseas Property Mall on Monday, October 20th, 2008 in Erbil, International Properties for Sale | Real Estate Listings, Iraq Property, Kurdistan Property
The much-awaited Phase 1 release of the Tarin Hills development in Erbil, Iraq was announced on Friday 17th October. Phase one construction of retail & residential units on the massive 4.5 million square meter development in Erbil, Iraq has commenced.
There are currently retail and residential units in two, 11-storey buildings, Building A & B up on sale at extraordinarily low pre-launch prices. Here is a breakdown of the units:
International Property News Beat – Indian Billionaires, Vultures in Miami & Icelandic Property
by Overseas Property Mall on Sunday, October 19th, 2008 in Property News Summaries
- Indian billionaire list [National]
- Angola property market seen immune to global crisis [Reuters]
- Vultures in Miami’s Real Estate Market [Business Week]
- Iceland – victim of the credit crisis what is property like there? [RealEstate.co.nz]
- Indian Real Estate Scenario in recession period of economy [American Chronicle]
- UK Savills warns after sudden decline in past few weeks [Financial Times]
- Amid credit crunch, British home sellers getting creative [Palm Beach Post]
Madonna’s Divorce – How Much Real Estate Will It Cost Her?
by OP-Mall on Saturday, October 18th, 2008 in Celebrities & Property
Madonna and Guy Ritchie’s divorce continues to make headlines as the estimated wealth of the couple is in the hundreds of million pounds. In the seven years of their marriage they have amassed a nice property portfolio in both of their names, however, it will be interesting to see whether Guy will squeeze Madge for some of her pre-wedding fortune, estimated at over £300 million by The Sunday Times.
Madonna and Guy Ritchie’s Property Portfolio
The couple own:
- The Punchbowl pub in the swanky London Mayfair suburb which they bought for £2.5 million.
- A £6 million Mews property which is situated directly adjacent to their Marylebone home. It houses the couple’s staff.
China’s Domino Effect
by OP-Mall on Friday, October 17th, 2008 in China Property

Beijing [credits: Wawoe]
China’s property market has taken a steep turn for the worse if we are to believe the various reports that are beginning to surface in major online publications right now.
The signs of trouble are not a total shock to the system of any alert investor, as many would have been aware of the implications when China started to ban major development projects at the beginning of this year due to heavy pollution in the city of Beijing. This ban didn’t happen overnight though, it was advertised in due time to give developers ample time to prepare themselves for the change.



