I lok from news from website nuspit.com about property in Dubay In a bid to calm frustrated investors, Schon Properties, finally announced their final, brief schedule of their Dh.4bn Dubai Lagoon project.
This announcement came after a series of complaints from investors about the distinct lack of refunds, despite the promises made. One of the investors had purchased four properties since 2005, with none of them being ready as yet, and so the investor can be get this property very Good.
As a tourist destination, Canada might be much known than other tourist destination. Here some place that you could visit during your place very goodto canada. For information your open website www.amberlamb.com.Citing one example where a couple sold their home but had failed to secure another one, the Edmonton Sun newspaper detailed the nightmare the couple went through with house after house slipping through their fingers as other buyers moved more quickly and made more aggressive offers.
Fortunately the couple caught on quickly and put in bids on a host of houses before even viewing them to ensure that they were in with a chance of success, and their break came shortly after having sold up and moved into temporary accommodation.
This story highlights the state that the property market is in in Edmonton today.
Edmonton was considered a late starter in the property boom that Canada has been enjoying of late, Edmonton’s was always a market playing second fiddle to Calgary’s for example but that is no longer the case. Whilst Alberta once again tops the Canadian provinces in terms of its housing market successes, Edmonton is now the city at the front, leading the province to its successful status as the main engine of property price expansion in Canada according to Royal LePage Real Estate Services.
From the first quarter in 2006 to the end of the first quarter in 2007 house price growth expanded by a dramatic 54.4% massively outstripping the also impressive gains enjoyed by Calgary according to Royal LePage Real Estate Services and the Canada Mortgage and Housing Corp.
Median property prices in Edmonton now are recorded as CAD 321,000 for an average home - although in February of this year the median price achieved for family homes topped CAD 375,000 with the median price of a condominium topping CAD 247,000.
The reasons for the sudden surge in property prices and market activity in Edmonton are threefold. Firstly you have a market that was undervalued, slow starting and overlooked…in a country such as Canada that is witnessing a property boom that is not going to be the case forever. As soon as similar markets reached their peak for investors and became overpriced for first time buyers, secondary markets such as Edmonton’s came into the spotlight.
Secondly, you now have the situation where attention is focused on a market where there is relatively limited supply of stock and an active buying market and demand outstrips supply forcing prices onwards and upwards. Finally the population in Edmonton is surging far faster than city planners had allowed for driven by the booming oil fields of Canada’s Alberta province. It is expected that the economic prosperity being enjoyed by Edmonton will draw over 80,000 new residents to the city by 2010 and each and every one of these new citizens and their families require real estate!
For analysis and expert comment on property in Canada we have a number of local market sources who provide us with their professional analysis of the marketplace…and we have been advised that Edmonton is going to continue strongly until at least the end of 2007 before slowing down possibly in a mirror to the market progress being witnessed in Calgary today.
The recent media reports relating to the real estate market in Egypt paint a picture that would make anyone think twice about buying property anywhere else. 
i read from www.amberlamb.com. We’re having sleepless nights here at Amberlamb – not a wink of sleep is being found as we toss and turn and ponder the property market in Romania. Now, the situation has arisen many time before when we can see the appeal in a market when all around are ignoring us – but never before have we had such a negative perception of a market and been so seemingly wrong.
The investment potential from real estate in Sri Lanka is significant but the property market is immature and suffers from having a government that cannot commit to attracting foreign direct investment.
Either a non-resident property investor can purchase a leasehold property with a 99 year lease and acquire the right to buy the freehold title to the property if the 100% taxation rule is ever rescinded. During the 99 year lease period an investor can effectively do what they like with the real estate subject to local council rules and regulations. Alternatively another way around the 100% taxation issue is purchasing investment property in Sri Lanka through a legal entity such as a company or trust structure.
Those who buy property in Sri Lanka through a local company structure should ensure that they are the 99% shareholder of the corporation. An investor can expect to pay around USD 2,000 to establish such a structure and pay annual fees of around USD 1,500. If an investor is considering buying significant property assets in Sri Lanka it is well worth considering this option.
By taking any of these described routes to making a property investment in Sri Lanka an investor will reduce their taxation liability from 100% to 7%. In addition to this purchase tax an investor also has to pay a further 3% in fees and charges.
In terms of the basic property buying process in Sri Lanka - an investor identifies real estate suitable for their investment objectives with the assistance of an estate agent. Estate agents in a country like Sri Lanka are not regulated or controlled so an investor should apply caution when seeking their services; however the use of an agent is pretty much essential if an investor is to find out about property for sale. This is because few people advertise their property or land as being for sale because they don’t wish to attract attention to the amount of money they are about to earn from the sale. Good local agency representation will ensure an investor finds out about real estate applicable to their requirements.
Price and sale condition negotiations are usually conducted between an estate agent and the vendor before a preliminary contract to purchase is signed in front of a lawyer. An investor should not sign anything however until his lawyer has had a chance to check the contract and the conditions applied to it.
Once the preliminary agreement has been signed and a deposit paid the investor’s solicitor must conduct a certain amount of due diligence on the property, its title and also on the vendor’s right to sell. If all is in order with the sale it should proceed to completion as soon as possible so that the vendor cannot change their mind about the sale or add further complications or conditions to the process.
For all private transactions a non-resident investor must be prepared to pay in cash for his real estate acquisition and be in the country on the day of completion – this is because many private vendors in Sri Lanka wish to keep the amount of money they acquire a secret from friends, family, neighbours and the authorities and do not trust banks or third party agents to hand over the money to them! This makes buying private property a slightly tricky affair, although those who buy parcels of land, commercial or brand new property are not faced with this issue as they can make use of escrow account type structures.
The Wall Street Journal reported this morning that venture capital investing was down in the third quarter as compared to the same quarter last year. So if you’re trying to raise money for a high potential company, the going is probably getting tougher.
In response to this news, I’m sure someone is going to say that the venture capital numbers don’t matter because angels are the real source of financing for high potential companies anyway. Given that likely statement, it’s probably for entrepreneurs to know the facts about the angel capital market. So this week, I’m offering some numbers (from Fool’s Gold: The Truth Behind Angel Investing in America.)
The general picture one gets from the numbers is that angel investors aren’t likely to be able to pick up the slack from a declining venture capital market. Here are some facts about the angel capital market:
Angel investing, particularly the kind that involves the sophisticated, accredited investors talked about all of the time in the media is very, very rare. Even the overall angel capital market isn’t that large. So it’s unlikely that angels are going to plug the hole in the financing of high potential start-ups created by declining venture capital investing.
An artist’s impression of Pinnacle Collection in Sentosa Cove
PETALING JAYA: IOI Properties (S) Pte Ltd (IOIP), a wholly-owned unit of IOI Properties Bhd, is looking to launch its maiden upmarket condominium project in Singapore’s Sentosa Cove next year when market sentiment in the city-state improves.
“We have rescheduled the launch of Seascape Collection to next year to coincide with the completion of the Integrated Resort (IR) project on Sentosa island, which would kick-start commercial and tourism activities in Sentosa Cove, and to be in sync with the expected economic rebound,” IOI Properties director Datuk David Tan told StarBiz yesterday.
The relevant approvals for the project have been obtained and the project was initially planned for launch in the middle of this year but was delayed when Singapore’s residental property market softened.
Work on the show unit for Seascape Collection is in progress.
The 3.6-acre Seascape project is a 50:50 joint venture between IOI Properties and its Singapore partner, Ho Bee Investment Ltd.
It will comprise two eight-storey condominium blocks of 151 residences of various sizes. The tentative prices of the residences range from S$2,500 to S$2,800 per sq ft.
Meanwhile, the planning approval for the company’s second project in Sentosa Cove, called Pinnacle Collection, has been granted and the final building plan approval is expected shortly.
The project will be undertaken by Pinnacle (Sentosa) Pte Ltd, which is 65%-owned by IOI Properties and 35% by Ho Bee.
In January, the company successfully tendered for a 5.3-acre land parcel for S$1.1bil.
The 99-year leasehold land parcel is the final piece of condominium land to be launched by Sentosa Cove.
The site will have seven 18-storey blocks and one 20-storey block of luxurious condominiums. The maximum number of units allowed in the development is 357, while the maximum permissible gross floor area is 602,359 sq ft.
It is one of the two condominium parcels flanking the entrance of the marina leading into Sentosa Cove.
Tan said Singapore’s property market was expected to continue its uptrend when world class attractions, such as the IRs, were in place.
“We believe the prospects are good and are confident on the project sales. Besides the fact that Sentosa Cove is essentially a Singapore government-promoted project with world-class infrastructure, the impact of the two IR projects in Sentosa island and Marina Bay will be felt soon.
“A substantial portion of the target buyers are high net-worth individuals from Malaysia/Singapore, Indonesia, India, China and Middle Easterns who are keen to be a part of the most sought-after address in the world,” he said.
Due to land scarcity, the supply of residential properties in Singapore, including Sentosa Cove, is very limited.
“Our projects are the last two remaining and most strategic condominium sites at Sentosa Cove. Due to its exclusivity, prices of luxurious homes in Sentosa Cove are holding well,” Tan added.
I remembered, one of the matters that caused me to decide to live and live in Bali was because of Bali relative had something that was plain, pure, far from signs ikonik that gave the impression of being arrogant and jumawa like in other cities in
Together with the time trip, the acceleration of the growth of the tourism commodity in
How I wont get location went bond Might Buy In Location is very interesting in this worl .With the launch of the latest James Bond film due at the end of this month (Quantum of Solace – 31st October), TheMovechannel.com, the leading international property portal looks at some of the places Bond has visited in his films and could consider investing.
Licensed to Invest
With his 007 status, James Bond travels around the world working for the British secret service, seducing beautiful women, dining in fancy restaurants and staying in some of the most luxurious locations.
Of all the places where Bond has been, we’ve selected seven that we believe he would have secretly invested in, behind M’s back.
1. Paradise Island
The name speaks for itself, Island, Paradise Island… which is a stunning tropical island just off the shore of the city of Nassau in the Bahamas.
Formerly known as Hog Island (doesn’t have quite the same ring to it), Paradise Island possesses stunning, sparkling white-sand beaches and breathtaking, warm turquoise blue waters.
The economy of the Bahamas is driven by tourism, international banking and real estate developments but there’s no income tax, capital gains tax, inheritance tax and no sales tax with the exception of the Stamp Duty paid on the conveyance of properties.
Bond films, Thunderball (starring Sean Connery) and Casino Royale (Daniel Craig) both had scenes on this amazing island, but with 5 bedroom - 5 bathroom houses, selling in the region of 7 million pounds, only those with gold-fingers can afford to invest here.
2. Bangkok
Bangkok is the capital, as well as the commercial, cultural, political and population center of Thailand.
The city is a major economic and financial center of Southeast Asia and has one of the fastest quotients in the world for the construction of high rise buildings.
Distinctly modern and Westernised, Bangkok still has a sense of a sleepy Thai village at conflict with its louder, seedier side at night.
The Man with the Golden Gun (Roger Moore) and Tomorrow Never Dies (Pierce Brosnan) were both filmed in Bangkok and the property prices range from one beds going for a modest £80,000 (affordable, even on Miss Moneypenny’s salary) to a 3 bed, duplex penthouse, in a prime, downtown location, selling for a cool million.
3. Sardinia
Sardinia is the second largest island in the Mediterranean Sea, situated to the west of mainland.
A popular tourist destination, especially for those looking to escape from the common touch, Sardinia is renowned for its soft sandy beaches, exquisite cuisine and splendid wines.
The northern part of Sardinia has the best infrastructure and some of the highest real estate prices on the island. The southern part of the island is not as developed as the north, and subsequently the properties there tend to be more affordable.
The Spy Who Loved Me (Moore) was shot in Porto Cervo in Sardinia and property prices on the island range from £35,000 for an old restoration townhouse in the south; to setting you back 5 million for a seven bedroom beach-front villa in the north.
4. Rio de Janeiro
Although Rio is the second major city in Brazil, after Sao Paulo, it is by far the most popular, with tourist flocking there to sample its lively nightlife, famous beaches (Copacabana & Ipanema), statue of Jesus and the Rio Carnival.
The currency exchange rate between Pounds Sterling and Brazilian Reais is exceptionally favourable at the moment making it cheap for foreigners to invest in property.
There is an emerging property market in Brazil and beachfront properties in Rio are by far the most popular investments with overseas buyers, who are looking for the best rental returns.
Moonraker (Moore) was filmed in Rio and as it’s still a developing market, bargains can be easily found with 2 bed houses in the region of £40,000.
5. Istanbul
Istanbul is the cultural and financial centre of Turkey and Europe’s most populous city.
The former capital of three empires – Byzantine, Ottoman and Roman, and the only metropolis in the world that’s situated on two continents - Europe and Asia, its different cultural history is evident in the extensive array of museums, churches, palaces, mosques and markets.
There are an estimated 700,000 new residents arriving in the city each year creating an immense demand for housing which has triggered an unprecedented building boom.
The World is Not Enough (Brosnan), was filmed in Istanbul and a mere £30,000 will secure you a studio apartment close to the centre of town.
6. St. Petersburg
St. Petersburg is Russia’s second largest and Europe’s fourth largest city after Moscow, London and Paris.
The majestic appearance of St. Petersburg is achieved through a variety of architectural details including long, straight boulevards, spacious gardens and parks, monuments, sculptures and decorative wrought-iron fences. The Neva River, plus its many canals and bridges gives the city a unique and striking ambience.
The recent increase in demand for real estate has been fuelled in part by the increased availability of mortgage finance in Russia and it means that more buyers than ever are entering the property market.
Golden Eye (Brosnan) had a tank chase scene in St. Petersburg where the annual house price growth is running, staggeringly, at above 90%, and the average cost of property is around £1,700 per square metre. (Source: Global Property Guide)
7. Prague
Prague is the capital and largest city of the Czech Republic. Situated on the River Vltava in central Bohemia, Prague has been the political, cultural, and economic center of the Czech state for over 1,100 years.
Known as a popular weekend destination, Prague receives over 3 million visitors per year and offers the contrasts of the past with its bridges, cathedrals, gold-tipped towers and church domes, and that of a modern metropolis full of energy, music, and art.
Mortgage financing is freely available to both Czech nationals and foreign investors, and up to 85% loan to value is possible. Mortgage interest rates, following a decline previously, rose through 2007 and into 2008, in line with the general rate increases in other EU countries.
Casino Royale (Craig) had scenes filmed in Prague where it’s possible to obtain a one bed apartment for about £50,000.
Dan Johnson, Managing Director, comments:
So a wonderful selection of locations that any undercover agent would be proud to invest in while sipping on a Martini, cleaning his Walther PPK gun and waiting for the next intriguing mission.
With the world bracing itself, as the global recession continues to bite with seemingly no sign of abating, Canadians it seems have been dealt a winning hand after an official think tank predicted that Canada will not follow suit.
Ailse MacFarlane Marketing Director for Landcorp International said, “This is indeed wonderful news and this recent announcement has only added to national confidence at a time when other countries economies are in free fall. This forecast was delivered by the combined resources of analysts within a leading bank, a think tank in Canada and even more reassuringly, the International Monetary Fund.
Obviously there will be some signs of a slow down, but it is generally business as usual and importantly, the housing market is still strong and flourishing.
The forecast for growth this year has been cut to 0.6% from 0.8% and in 2009 to 0.9% from an earlier target of 1.7%. Although disappointing that forecasts have had to drop, it is also very encouraging to see just how healthy the Canadian economy is and as such there will not be two consecutive quarters in which the economy dips into a negative, therefore there will be no recession. This coupled with the International Monetary Fund’s prediction that Canada will have the fastest growing economy of the G7 major industrial countries next year, is all helping to keep Canada away from the murkier waters endangering so many other countries.”
Canada also has the soundest financial system in the globe, according to a new Global Competitiveness Report from the World Economic Forum, which also placed Canada on the top 10 list of the world’s most competitive countries.
In its report the Forum concludes the following – ‘Canada benefits from top-notch transportation and telephony infrastructure, highly efficient capital markets and well- functioning and transparent government and banking institutions “.
By contrast, Switzerland was ranked 16th, France 19th, Germany 39th, The United States 40th, the United Kingdom was ranked 44th, just behind El Salvador and Peru.
Ailse continues, “The positive predictions for Canada are also aiding Landcorp International. As a company that markets pre-development land, we have suddenly found ourselves in the middle of a niche market. Despite the current economic woes and contrary to popular belief, there is still a plentiful supply of investors. Landcorp can help these investors on two fronts; firstly we are marketing in a country that has not fallen foul to a ‘global recession’ and secondly we offer a low entry level of investment. This is particularly appealing at this time, especially when we are predicting returns of up to 150%. Furthermore it is highly likely that many of these new investors will now be converted to this way of investing in the future, especially with the current vote of no confidence in stocks and shares. Suffice to say, the credit crunch does bring about some success stories!”
Landcorp are currently marketing pre-development land in Nova Scotia in conjunction with Terra Firma Development Corporation Ltd.
Terra Firma has now released a limited amount of land from the 1,000 + acres stock that it holds in order to raise additional development capital to achieve planning permission for the luxury lifestyle resort ‘Forest Lakes Country Club’.
Forest Lakes Country Club will boast numerous facilities including an 18 hole golf course, driving range, club house, lakes, water sports, bars, restaurants and a luxurious boutique hotel to mention but a few.
Prices per half acre start from just CAD $36,800 (£19,600 approx) with returns of up to 150% anticipated by 2010, which is the beginning of the proposed exit date for many investors once planning permission has been achieved. For a limited period, quarter acres are available at CAD $18,400 (£9,800 approx.). This opportunity qualifies for SIPP inclusion thus avoiding UK Capital Gains Tax as well as offering tax relief on contributions.
Burjside Boulevard is a 36-storey spectacle, with 3 levels of podium and 1 level dedicated to leisure, all offering uninterrupted views of the bustling Business Bay and Burj Dubai, the tallest tower on earth. A life of fine choice customised for the connoisseurs of contemporary living, the tower offers opulently furnished three, two and one bedroom apartments, all with fully equipped kitchens. Burjside Boulevard offers a lifestyle investment personalised to your high standards with 5-star services and amenities whenever you want. Indulge in the red carpet life, every single day of your life.
Call P&O Homes on + 350 200 47474 to speak to an investment consultant about
Burjside Boulevard, Dubai
With more supply hitting the market, the rise in commercial property prices are bound to slow down, indicate recent reports.
Dubai has begun discouraging short-term investors, with few commercial buildings being listed at a negative premium. A commercial review by Better Homes, suggests that with the liquidity being squeezed in global markets, more such instances are likely to occur.
NOHARUDDIN: About 40 per cent of Matrade’s promotion programmes in 2009 will be aimed at markets within
He said about 40 per cent of Matrade’s trade promotion programmes in 2009 will be aimed at markets within Asia, with particular focus on the Northeast Asia and Asean markets.
Export growth contracted during the slowdown of 2001, but this time around the diversified markets will be a saving factor, he added.
“We will not neglect the traditional markets in North America, Europe and
“Our objective is to at least sustain
Noharuddin was confident that Malaysian trade numbers would still be strong in 2008, possibly with double-digit growth since exports for the first eight months of the year have already seen a 16.1 per cent growth.
He said 2009 will be more challenging, with the global outlook pointing towards recession in some of the major economies.
“Despite that outlook, there are economies that will do relatively well, and we need to comb the global environment to increase exports. We need to look for small opportunities and aggregate them, to offset any negative impact to our main markets.”
The top five product sectors to be promoted are building materials, food, agricultural , automotive parts and components, medical and pharmaceutical and electrical and electronic (E&E) products.
Matrade will continue to organise its own trade fairs, the Malaysia Services Exhibition, Malaysia International Halal Showcase and International Trade
The services sector, which is seen as increasing in its importance to the Malaysian economy, will be one of the important focus areas for Matrade through comprehensive promotions, particularly for furniture, fashion and design products.
Oil and gas as well as health and medical care sectors will be promoted extensively while critically impacted sectors such as textiles and apparels will be stimulated through specialised marketing missions to
It will be holding the second Malaysian Services Exhibition in
In terms of Malaysian exporters’ capacity building, Matrade will also enhance the ability of the exporters to leverage on bilateral and regional free trade agreements
Banyan Tree Resort
La Residence d'Angkor, Kamboja
Evason Hua Hin Resort & Six Senses
Anantara Resort & Spa Golden
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Hotel Unique,
The dwelling that was gotten in this
Jumeirah Al Qasr,
Kokopelli's Cave
Kokopelli apostr s Cave Bed & Breakfast was a hotel in the
IKEA Hotel,
The Emirates Palace Hotel in
The opulent package includes your all-inclusive stay in a suite approximately 7300 sq. ft., side trips in a private jet to
I think I’m exhausted and I haven’t left the couch! Let’s just say, I’m sure that for $1 million—that’s for both of you by the way—you would have the experience of a lifetime at the
These images are all from tripadvisor.
As rare as hen’s teeth, the villas at Atalaya Fairways are paragons of design excellence in a sea of mediocrity. Clean white contemporary lines create spaces flooded with light and the finishes are superlative. With a starting price of just 885,000 euros, there is nothing better in this price bracket.
Do you want invest in Cacao Pearl Island which Exclusive pre-launch opportunity to invest in the first 100 units on Cacao Peal Island, a 100% carbon neutral eco-resort on a picture perfect private island in the “Caribbean of Asia” - Palawan in the Philippines.
• Pre-launch opportunity exclusive to Property Frontiers – only 100 units in total
• Picture perfect, unspoilt private island to be operated as a 100% carbon neutral eco-resort
• Situated in the rapidly developing ‘Caribbean of Asia’ the Palawan Philippines
• Significantly undervalued one and two bedroom fully furnished luxuriously spacious villas
• Net yields in excess of 12% are easily achievable
• Banyan Tree Holdings set to invest an estimated million to develop 2 hotels in Palawan
• Busuanga Airport is being upgraded to welcome direct international flights – opening up the Palawan to the whole of Asia
• All net operating profits (after costs and investor returns) will be distributed to a foundation to benefit local community programmes
• One bedroom luxuriously furnished villas from approx £132,000
• Two bedroom luxuriously furnished villas from approx £148,273
Call Property Frontiers on +44 1865 202 700 to speak to an investment consultant TODAY about Cacao Pearl Island, Palwan, Philippines
The 75-hectare business park, in
The deal brings its total investments in the Southeast Asian country to US$700 million, it added.
Mapletree said a 68-hectare logistics park it is also building in Binh Duong, near
An investment in property in New Zealand and in particular it’s capital Wellington, may not be an investment opportunity UK investors have considered in the past but given that Wellington is is New Zealand’s second largest urban area there is plenty of room for opportunity.As the most populous national capital in Oceania, Wellington is also the country’s political centre, housing Parliament and the head offices of all government ministries and departments. Wellington has been described as a heaven on earth, boasting numerous grand parks and gardens including rose gardens, begonia houses, memorial parks, observatories and playgrounds.
New Zealand is proving an attractive emerging market for some British buyers, not least because of the tax regime: there is no stamp duty, land tax, property purchase tax or capital gains tax. The total value of houses sold was NZ$2.11 billion (£7.9 million) in March 2008, down 53.42% down on the transactions recorded in the effervescent market of two years earlier (NZ$4.53 billion - £1.7 billion).
Dan Johnson, Managing Director, comments:
“With property price increases that have baffled the experts, a strong national economy and political system and some of Mother Nature’s finest, Wellington has too much going for it to be overlooked.”
Wellington property can return really excellent yields, according to Global Property Guide research. Luxury three-bedroom apartments yield around 7.5%, while studios are around 10%. Wellington houses can also produce very good rental returns, at 10.2% for the larger property.
New Wellington property developments launched on the market:
- Patent (from £261,770+, 2 bed+, $50,000 off the sale price, completed 2009)
- Forte (from £137,000+, 2 bed+, completed 2010, one year rent guarantee)
"With the
As the most populous national capital in Oceania,
Dan Johnson, Managing Director, comments:
“With property price increases that have baffled the experts, a strong national economy and political system and some of Mother Nature’s finest,
New
- Patent (from £261,770+, 2 bed+, $50,000 off the sale price, completed 2009)
- Forte (from £137,000+, 2 bed+, completed 2010, one year rent guarantee)
“Mesra Mall is among our efforts to provide the opportunity for the people here to enjoy facilities similar to that available in big towns.
“Moreover, with higher fuel prices, the people need not go far to buy their essentials and branded items as these goods are available at the mall,” he added.
Hashim said this after the complex opening by state executive councillor for rural development, entrepreneurs and cooperatives, Datuk Mohamed Awang Tera, who represented Terengganu Menteri Besar Datuk Ahmad Said.
Hashim hopes the complex would serve as a catalyst for commercial development in the Kemaman district and in Terengganu, adding that it had provided jobs for about 500 locals.
Earlier, Mohamed Awang, in his speech, said Mesra Mall would provide business opportunities for the locals to boost their income.
“The shopping centre will not harm businesses of the small and medium-scale entrepreneurs as they have been provided with separate trading areas to sell their goods,” he added.
Information about property is very important Can you see look The last strip of European landmass before it tumbles into Atlantic waters, Portugal provides a close-to-home property investment option for Northern Europeans tempted to warmer climes. And, with three distinct coastal regions to choose from, property in Portugal really does offer something ‘old’, something ‘new’ and something ‘blue’… The ‘old’, the stalwart of Portugal’s coastal empire, is of course the Algarve. Discovered by the international holidaymaker back in the 1960s it now lures 5.5 million tourists via Faro Airport each year on the promise of clear skies, bewitching beaches and of course wall-to-wall golf, some 36 at last count. Occupying Portugal’s nether regions, several household name resorts punctuate the coastline from Faro to Albufeira, Lagos to Vilamoura, each with their own personality.
For a snapshot of Algarve luxury, the two residential projects of Vilamoura Golf & Garden Resort and Amendoeria Golf Resort are two to watch. The first at the heart of chic Vilamoura is fortunate to have the creative skills of celebrity garden designer, Diarmuid Gavin, to lay out its extensive landscaped gardens. A purchase within Vilamoura Golf & Garden Resort does not entitle you to membership of just one golf course, but an incredible seven. Five are almost on the doorstep whilst the all-new Faldo Course (opened on 1 September 2008) and the O’Connor Junior Course (on 1 October 2008) are a brief 25-minute drive away in picturesque Silves. On-site all owners can avail themselves of a restaurant, bar, gymnasium, outdoor swimming pool, children’s play areas and club and a convenience store. Prices start from 515,000 euros for a two bedroom apartment with four bedroom villas starting from 1,015,000 euros.
Meanwhile Amendoeira Golf Resort in Silves is set in verdant valleys of almond, olive and carob trees with the magnificent backdrop of the Monchique Mountains. Home to the Faldo and O’Connor Junior Courses with Clubhouse and urban golf and sporting lounge to include state of the art simulation facilities, Amendoeira also has a complete sporting club with tennis, football, pitch and putt and children’s adventure playground, amongst others. Prices start from 495,000 euros for a two bedroom apartment and 895,000 euros for a three bedroom villa.
The ‘new’ is the Silver Coast, a stretch of untainted often cliff-backed shoreline stretching some 300km from the capital Lisbon northwards to Porto. A secret amongst sophisticats keen to escape the bustle and crowds of the Algarve to enjoy the freedom, space and comfortable climate on offer, the Silver Coast is about to have its cover blown. Amongst the Medieval towns, fishing ports and outstanding natural beauty, golf courses and residential resorts are gradually creeping in – although strict building regulations will stand this newbie in good stead for the future.
Next to the Medieval town of Óbidos and overlooking the Lagoa de Óbidos, the largest lagoon in Portugal and a renowned centre for watersports, Royal Óbidos Spa & Golf Resort has a Severiano Ballesteros-designed 18-hole golf course with Clubhouse as its centrepiece. The properties themselves range from two and three bedroom apartments with communal swimming pools up to three and four bedroom villas enjoying their own private pools. The resort will also encompass a five star condominium hotel and Spa with suites and apartments available to purchasers. Additional facilities for residents include several restaurants, a gymnasium, sports area, tennis courts, children’s playgrounds, conference centre and a commercial area. Prices start from 395,000 euros for a two bedroom apartment and from 745,000 euros for a two bedroom villa.
Finally to the ‘blue’. Once known as plain Lisbon Coast, the symphony of cobalt skies and turquoise ocean backed by pine forest has earned this swath of coastline running south of the capital a name change to the ‘Blue Coast’. And, recent confirmation that Lisbon’s newest airport is to be sited in Alcochete, some 19 km south of the River Tagus, as opposed to initially rumoured Ota to the north, will only rouse further interest.
On the edge of the Arrábida Mountains some 40km south of Lisbon, Palmela Village has its own 18-hole golf course as well as easy access to a further 18 courses, all playable year round thanks to the long hours of sunshine. Properties, designed by renowned Portuguese architect Tomás Taveira, skirt around the pines and water features with many offering uninterrupted golf views. Villas with private pools and apartments with communal examples boast a quirky modern appearance with simple clean lines and accents of colour whilst everything from a restaurant, tennis courts and launderette to gardeners, house cleaners and pool maintenance is on-site at your fingertips. Prices start from as little as 122,181 euros for a studio apartment and three bedroom villas from 347,317 euros.
Island city Abu Dhabi, capital of the UAE, is a very interesting place in which to invest right now. Like many of its Arab neighbours, the authorities are keeping mindful of the day when oil runs out - although that could be as far as 90 years away for Abu Dhabi - and diversifying into trade, financial services and tourism, with some incredible projects under way. With arguably a more considered master plan than neighbour Dubai where rampant construction is taking place as the egg timer on its oil reserves ticks down to about 20 years, Abu Dhabi has instigated Plan Abu Dhabi 2030, an urban development programme covering everything from land use to transportation for the next two decades, over which time its population is set to triple to three million. Focusing on the cultural and the tasteful, Abu Dhabi has secured a Gehry-designed Guggenheim Museum set to open in 2011, a Louvre to be completed in 2012 and a real coup, the last date of the 2009 F1 calendar, the Abu Dhabi Grand Prix on the all-new Yas Island Circuit.
Andy Welland, MD of GEM Estates comments, “The spotlight will begin to shift from Dubai, or at least be shared by both Emirates, and the island marina developments such as Al Reem Island and Saadiyat Island connected by bridge to the main city will undoubtedly become highly sought-after addresses. With residential, leisure and business facilities and cutting edge architectural design, off-plan property prices have already risen by up to 50% over the past year, and demand is not expected to meet supply until at least 2012 according to Morgan Stanley so there is certainly room for growth for a few years yet.”
Harbour Heights on Al Reem Island is an iconic waterfront residential building comprising 41 storeys of penthouses, duplexes and studio, one, two and three bedroom apartments as well as an abundance of leisure and fitness facilities. One of the few residential towers in a predominantly business district, Harbour Heights has a refreshing infinity pool overlooking the busy harbourside promenade and shopping arcade as well as a state-of-the-art gymnasium, Spa with steam room and sauna, meditation and yoga room, games room with pool, table tennis and table football plus a children’s play centre. The properties themselves boast smart home technology with the benefit of covered parking and 24 hour concierge services. Al Reem Island itself offers a sophisticated lifestyle with unique facilities including a healthcare centre, schools, hotels, shopping centres, golf courses and beaches.
Prices for Harbour Heights Al Reem Island start from: 2,344,000 AED (approx 448,102 euros)
