Low Cost Developments Take Off in Morocco

Addoha, Morocco’s foremost property developer, has purchased two development projects from Fadesa, a failed development company. Addoha is intent on completing the projects on schedule. The company has also set its sites on affordable housing which experts say is a good move considering the drastic downturn in the luxury real estate market.

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Dubai Launches Sky Lounge at Burj Dubai

The Address Hotels and Resorts have announced the opening of The Address at Downtown Burj Dubai. The much talked about flagship development is touted as the latest in international luxury hospitality. The highest lounge, located in Dubai City, has been dubbed Neos. The name was created from the Greek word “neo, which means “new,” and “eos,” which means “dawn.”

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Worldwide Property Group Looks Ahead to 2009

The Worldwide Property Group, an Oxfordshire based property consultancy, does not seem to be intimidated by the ongoing real estate slump in the global market. The company, including property consultant Edward Kirwan, currently has investment properties in the UK, Greece, Turkey, Brazil, Cyprus, Mongolia, Turks & Caicos, New Zealand, Thailand, Spain, Bulgaria, US, Bahamas, Romania, Australia, British Virgin Islands, Malaysia, Panama, Italy, Caribbean, and Portugal. Read more

Duet Acquires Three New Hotels

The Duet Group, a private equity fund based in the UK, has purchased three hotel ventures in India from the bankrupt firms Insureprofit and Starlight Investments. The deal, which closed on December 12, revolved around three hotels in Jaipur, Pune, and Ahmedabad. The transaction was conducted by Duet India Hotels, Duet Group’s property investment division. Read more

Austria’s Small Towns are Still Desirable

The Austrian town of Wolfsthal, located 30 miles outside Vienna, has experienced a lot of its people moving into the capital as well as other big cities in order to find work. As a result, this little village on Austria’s border sees only a few people get off the train each day and watch as its population grows older. Read more

Man Realizes Dream with the Hacienda Monte Cristo

Gurjit Singh Lalli has always wanted to become a real estate mogul just like his uncle. For Gurjit, 33, the time has finally come in the way of the Hacienda Monte Cristo. The Hacienda Monte Cristo is comprised of a block of 14 luxury apartments, located on the sunny and lush island of Cozumel in the Mexican Caribbean. Read more

Mayan Riviera is Hot Stuff

There are quite a few places that have emerged to become some of the hottest places to vacation or to invest in second homes. Among those is Dubai, St. Kitts, Costa Rica, Macao, and perhaps the most popular - the Mayan Riviera (MR) in Mexico.

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Eurex Plans to Launch Property Futures Market

Eurex, the Deutsche Boerse’s derivatives exchange, has announced that it intends to introduce the first property futures market in Europe. The market, which is scheduled to launch in the February 2009, will be based on the total returns recorded by the UK Annual All Property Index.

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Iranians Hurt by Dubai Real Estate Slump

Thousands of Iranians saw an opportunity to make safe investments while the Dubai property market was booming. The real estate market in Dubai was more stable that Iran’s - at least for a while.

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VivaReal Network Launches Real Estate Portal for Latin America

VivaReal has announced its new online real estate portal targeted toward Latin America. The site, VivaReal.net, is aimed at helping retirees, particularly baby boomers, find fantastic places to retire while escaping the high costs of living in the United States. Many regions in Latin America such as Costa Rica, Mexico and Panama are being referred to as “the new Florida.”

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