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Global Real Estate

Dubai’s Arabtec Signs Deal to Build A Million Egyptian Homes

Arabtec Holding has signed a $40 billion deal with Egypt to construct one million middle-income homes in various locations throughout Egypt. Under the agreement, Arabtec Real Estate, a recently formed subsidiary, will develop one million housing units in thirteen locations, delivered in phases over a span of five years, according to a company announcement. The value of the overall development ...

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What is Mesne Profits?

The word ‘mesne’ or ‘mesne profits’ should be familiar to anyone who has a dream to own a land or property or already has but if it is not, you are on the right page. Like the word ‘Economics’ which can be defined in various ways but has certain basic terms, ‘mesne profits’ can also be generated in different ways ...

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10 Unusual Grave Tombstones

1. Graves of a Catholic woman and her Protestant husband, who were not allowed to be buried together. In the Protestant part of this cemetery, J.W.C van Gorcum, colonel of the Dutch Cavalry and militia commissioner in Limburg, is buried. His wife, lady J.C.P.H van Aefferden, is buried in the Catholic part. They were married in 1842, the lady was 22 ...

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African Land Investments To Buy Shopping Malls And Office Facilities

Investors are looking to participate and partake of the opportunity to sell to Africa’s growing middle class with growing pockets. These investors are looking for the opportunity to participate in the growth of modern shopping malls and office blocks in sub-Saharan Africa. Launched October 24, 2013, African Land Investments (ALI) will invest in existing retail and commercial real estate assets across the ...

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Scarborough United Group Plans $500 Million Investment in Nigeria

Scarborough United Group

London-based Scarborough United Group Plc, SUGPlc, has announced it plans to invest N77.89 billion ($500 million US) in Nigeria’s real estate, leisure and football (soccer) services in the next six to nine months. Sheffield United, owned by Scarborough, is a major sports brand in the United Kingdom. Nairaland Forum and All Africa, two Lagos-based online publications, separately reported Scarborough United, ...

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Ellen Degeneres Sells Off Beverly Hills House

Talk show host Ellen DeGeneres and partner Portia de Rossi have made their next move in the real estate game. This time, the couple sold their Beverly Hills penthouse for a paltry $843,900 – at least paltry compared to their other real estate transactions. Only two weeks ago they listed their California ranch for $10.995 million before bumping up the ...

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How the US Government Shutdown Could Drag Down the Housing Sector Recovery

Beyond the normal inconveniences — interruptions in Medicare, the darkening of the National Zoo’s panda cam — the government shutdown threatens to rain on the one bright spot of the economic recovery: The housing market. Lenders looking to process new mortgage applications will be blocked from basic services, like verifying Social Security numbers and tax return documents from the Internal ...

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Johannesburg’s RMB Westport set to invest $250million in Nigeria’s real estate

In an unprecedented move, Johannesburg-based RMB Westport, South Africa’s second-largest financial-services company, announced the property unit of its investment banking arm has raised $250 million to develop real estate in West Africa. The initial sites will be in Nigeria, Ghana and  Angola. Retail and mixed-use development will be the primary objective. Africa currently has strong demand for high-grade retail and ...

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Social Media Giant Facebook in Real Estate Business

Facebook in Real Estate Business

  Facebook is making a foray into real estate business by partnering with developer St. Anton Partners to build a 394-unit apartment complex within walking distance of the company’s Menlo Park campus. The 10-acre complex, dubbed Anton Melo, will include a sports bar, bike repair shop, yoga center and a pet spa.   Facebook employees will get first crack at ...

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