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Global Real Estate

43-year-Old Woman Pleads Guilty In Real Estate Fraud

A Utah County woman has changed her plea to guilty in a real estate fraud case in which she was accused of using straw buyers and inflated appraisals to obtain loans to purchase houses that were sometimes a $1 million in excess of the actual selling price. Portia Louder, 43, Highland, pleaded guilty in federal court to one count of ...

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Dubai Announces World’s Largest Mall

Last Month, UAE’s Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum announced Dubai’s newest mega-project, the Mall of the World, located along Sheikh Zayed Road in Dubai. Occupying a total area of 48 million sq. ft., the project will include the largest indoor theme park in the world, which will be ...

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FG Delivers On Its Housing Promise

Eight months ago, during the launch of the Nigeria Mortgage Refinancing Company, NMRC, the President, Dr Goodluck Ebele Jonathan promised to provide affordable housing to the millions of homeless Nigerians by the end of the second quarter of the year. This pledge was made good last week when the government launched the first 10,000 mortgages for  the presidential Initiative on ...

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Nigeria Becomes Africa’s Largest Economy Overnight

Does the continent’s most-populous country deserve its new title? Recently, Nigeria became Africa’s largest economy by recalculation of its GDP (Gross Domestic Product). How did this happen, and what are the implications? Here is an article by URI FRIEDMAN about it. Please comment after reading, we would love to have your thoughts afterwards. credits: www.crudeoildaily.com Something strange happened in Nigeria on Sunday: The ...

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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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