Abu Dhabi-based developer Al Maabar has announced plans to launch a Dhs36.5bn mixed use residential and leisure project in the Iraqi capital. The project will include some of the largest entertainment spots in Baghdad, including parks and cinemas. Al Maabar is backed by developers Aldar, Sorouh, Ree...
Abu Dhabi-based developer Aldar has announced that John Bullough, the group's COO, will take the helm as the company's new CEO. Former chief Ronald Barrott will remain on the board and act as advisor to the chairman....
The contract for enabling and piling works for the Creek Towers and Plaza project in Dubai Maritime City has been awarded to Sharaf Foundations. The project is expected to be completed by Q3 2009 and work will cover 69,000sqm....
Dubai-based mortgage provider Tamweel has been given a long term issuer default rating of 'A' by Fitch Ratings, which reflects the strong probability of government support. The company's individual rating is only at 'C/D', reflecting concerns over wholesale funding in worsen...
Construction firm Laing O'Rourke plans to add up to 4,500 more staff to its operations in the Middle East next year. The largest private construction company in the UK, it has said that its future growth will be in the GCC. The company currently employs just over 4,000 people in the Middle East...
Landvest Dubai specialises in advising on buying Middle East properties. Landvest Dubai offers a comprehensive range of Middle East properties. Landvest Dubai currently offers Middle East properties across the UAE and Kingdom Of Saudi Arabia. Landvest property offering for Middle East properties is tax free and 100% freehold for certain markets where as other Middle East properties are 100 Year leasehold.
Middle East properties are very popular amongst investors that are looking to buy a holiday home and for expats that are moving in for business and work. Middle East properties are favourable priced in comparison with developed real estate markets across Europe and the United States. Middle East properties on most instances do not require a lawyer for legal work. Middle East properties attract no stamp duty.
Middle east properties offer quality build and top class amenities with most projects. Middle East properties are now being occupied by people who are moving in for business and people moving in for work from third world countries. Middle East properties are liable for maintenance charges, these charges are based on price per square foot. Middle East properties are also liable for municipality taxation. Middle East properties are often charged a one off fee on completion of the project to register the property with the local municipality. Middle East properties are always housed shopping malls and other retail areas for its residents to make use of.
Middle East properties are become more and more popular due to tax free environments. Middle East properties have attracted investment from far and wide due to attractive styles of living and favourable taxation laws across most Middle Eastern Countries. Middle East properties one feels will continue to attract major investment for the foreseeable future as more and more tourists flock to this region.
