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UAE- Real estate prices likely to come down next year (MENAFN - Khaleej Times) From next year the value of property market in Dubai will start falling back to its 2007 level and may arrest the rising prices of commercial and residential units, according to Moafaq Al Gaddah Group of Companies (MAG International Real Estate Federation Supports GHF Plan to Expand Micro Mortgage Initiative Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=791360 REAL ESTATE Carlyle Group, the world's second-largest private-equity firm, and Crown Acquisitions paid $525 million for a controlling stake in the retail portion of 666 Fifth Ave. in New York, the largest retail deal in the city this year. The 90,000-square-foot International Real Estate Federation Supports GHF Plan to Expand Micro Mortgage Initiative NEW YORK, NY -- (MARKET WIRE) -- 07/02/08 -- The International Real Estate Federation (FIABCI) announced its support of a plan by the Global Housing Foundation (GHF) to provide access to affordable housing for residents living in some of the world's Low sales for prime commercial real estate Office and retail space that once attracted top dollar have suffered from plummeting buyer interest, with sales down 60 percent for the first half of the year, according to figures released by commercial real estate agents CBRE. Listed property trusts Fortis Real Estate acquires sole control of Devimo Group - report BRUSSELS (Thomson Financial) - Fortis Real Estate has acquired sole control of Belgian shopping centre group Devimo, La Libre Belgique reported, citing retail newsletter Negocio. Fortis Real Estate, which previously had a 32.5 percent stake in the group, International Real Estate Federation Supports GHF Plan to Expand Micro Mortgage Initiative Extract not available. Consumers are expected to rein in their spending habits as the job market softens and the real estate market cools, according to a TD report. The report suggests spending growth will pull back from above five per cent in 2008 to 2.6 per cent in 2009 in year-over-year comparisons. 'Households have been spending almost like drunken sailors over the past couple of years, which provided critical |
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