real estate press releases

Security and Trust are the greatest concern for more than half of respondents

The results of a recent survey on the Dubai real estate sector have highlighted the main areas of concern for those buying property in Dubai as; security & trust and construction delays.

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cambodia_busy-phnom-penh-street.jpgNuth Nurang, Secretary of State at Cambodia’s Ministry of Land Management, Urban Planning and Construction said: has revealed that the government is considering an amendment to Cambodia’s law that would allow foreigners to buy property in the rapidly emerging market freehold. Currently the best option for foreigner investors is to buy on a leasehold tenure of up to 99 years. Another option is to form a company with Cambodian partners – this carries complex tax issues and needs to be considered carefully.

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Although Lebanon witnessed an economic slowdown in 2007, real estate activity during the year has proved to be quite resilient to the said trend prevailing in the country.

The rise in real estate activity can be attributed to several reasons such as the increase in population, higher demand by expatriate Lebanese, the relatively low taxes in Lebanon, the improvement made in terms of property transfer operations, and the facilitation of foreign ownership.

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Sand_sculpture.jpgRAKAA Properties, one of the region’s preeminent real estate companies, has announced the selling of 70% of the Dynasty Tower and 55% of Falcon Crest Tower, two of the company’s signature projects situated in the prestigious Al Reem Island, Abu Dhabi.

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According to the UN: 50 percent of the world’s population resides in urban cities, growing to two-thirds in 25 years; by 2015, 23 ‘mega cities’ will exist with nineteen of them located in developing countries

More on CTBUH 8TH World Congress Highlights Dubai as a Model of Sustainable Urban Future

75 Ultra-Luxury Condominiums with Array of Services and Amenities

Final Opportunity to Own Philippe Starck-designed Property on Mexico Coast

Miami, FLORIDA (January 8, 2008) – Related International has announced ICON Vallarta’s third and final offering, The Grand Tower. Unlike anything ever seen before in all of Mexico, The Grand Tower will offer an unprecedented level of luxury while providing an expanded array of upscale amenities beyond what was offered in Towers One and Two.
The Grand Tower will complete the resort’s trilogy of towers, and be the last project in Puerto Vallarta featuring work by one of the most renowned interior design firms in the world, Yoo by Phillipe Starck. As an appropriate grand finale to the design work at ICON Vallarta, Starck will infuse an even higher level of elegance into the condominiums in the third tower while staying true to the firm’s signature style.
“The release of The Grand Tower follows our overwhelming sales successes with Towers One and Two,” said Jorge Perez, chairman of The Related Group, Related International’s parent company. “We anticipate there being an even higher demand for the third tower due to the limited number of condominiums available and the fact  that this is the last opportunity to purchase a Yoo by Philippe Starck designed property in this area of the world.”
As a Philippe Starck masterpiece, The Grand Tower will be an exclusive enclave of seventy-five trendy, ultra-luxurious three- and four-bedroom luxury condominiums and penthouses affording the ultimate in comfort and style. Grand Tower residences will feature a whimsical yet luxurious flair courtesy of many unexpected design elements. In keeping with the overall theme of ICON Vallara, the Grand Tower will pay tribute to both modern and traditional Mexico while at the same time retaining the trendy, hip and modern flavor of The Related Group’s other ICON properties, ICON Brickell and ICON South Beach in Miami.
Floor-to-ceiling windows with energy-efficient tinted glass will capture captivating views of the Pacific Ocean, mountain ranges and downtown Puerto Vallarta. Spacious outdoor terraces with teak flooring and undulating glass railings will allow owners to take full advantage of the breathtaking view simply by strolling outside the bedrooms and living area. Walk in closets, personal safes, kitchens with wine refrigerators and espresso machines, and private elevator foyers will be additional amenities exclusively for Grand Tower residences .
Owners will have at their disposal an impressive number of amenities including access to an ocean-front gym with top-of-the-line cardio equipment and a full spa with sauna and steam rooms. Owners also have access to a 20-seat state-of-the-art theater adjacent to a multi-use, multi-functional room for residents’ private use. Other features will include an on-site, private gourmet restaurant designed by Yoo by Philippe Starck, private golf course privileges, a spectacular deck surrounding an expansive infinity-edge pool, personal safes, wine refrigerator and espresso machines in all units, state-of-the-art modern master bathrooms, and spacious walk-in closets. The residences are equipped with high-tech telecommunications equipment including provisions for high-speed cabling to all television outlets and home-run configured CAT5 cable for telephone and data communication.
ICON Vallarta’s Grand Tower will be exclusively represented by Fortune Related International Sales. Prices range from $775,000 to $1.395 million and reservations are currently being accepted. For more information, visit www.iconvallarta.com or call 877-295-4266.
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Triveni Builders and Promoters Ltd (TBPL), a Dubai-based developer wholly owned company by the Triveni Trading Group, today announced the launch of its $27 million La Fontana di Trevi apartments in Dubai. Located near Arabian Ranches – just off Emirates road and upcoming Dubailand – La Fontana di Trevi is a six floors low-rise building with fashionable architecture. It is built in Chicago buildings style, adapting large “Chicago windows,” metal-frame construction, distinctive bays, and terra cotta cladding. This stylish Master planned neighborhood is sure to appeal to US, UK and European Expats who are not used to living in High Rise Concrete Towers.

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