Every year, billions of dirhams are generated from the sales of luxurious flats in Dubai. But where does the money come from and who are the wealthy buyers? According to Christie’s International Real Estate, there are more high-net-worth individuals (HNWIs) snapping up prime property in Dubai than in traditional hotspots in the United States or United Kingdom. In fact, Dubai ...

In selling, buying or leasing a property, you usually require the services of an agent or broker and a lawyer. Although some people conduct real estate transactions without the services of these people because of the fees usually attached, industry experts believe it is better to engage them rather than not since they make the job easier, know the going ...

Former Head of State, Gen. Abdussalami Abubakar has argued that there are fewer sectors of the economy where the gap between needs, means and supply is wider than housing in the country. This, he maintained, is against the background of the fact that the housing deficit in Nigeria has been put between 16 – 17 million units. This is even ...

Property is a multidimensional product. Property value is dependent upon many characteristics associated with that property such as physical characteristics of property; location of the site in relation to employment centers and other recreational facilities (accessibility). In addition, the social and economic characteristics of neighborhood, including the presence of such amenities as parks, schools and community services affect value. Those ...

In an effort to stimulate opportunities in real estate and infrastructure sectors that can increase their contributions to the nation’s Gross Domestic Product, one of Nigeria’s leading Facilities Management Company, Alpha Mead Facilities and Management Services Limited (AM Facilities) is staging facilities management roundtable on key sectors of the economy. The annual Nigerian Facilities Management Roundtable is organized by AM ...

Egyptian Prime Minister Ibrahim Mehleb oversaw the signing of a protocol that grants the Egyptian government more than 50,000 housing units for social housing, within the United Arab Emirates (UAE) developmental projects in Egypt. The protocol was signed by UAE Minister of State Sultan Ahmed Al-Jaber, the Chairman of the Coordination Office of UAE-funded Development Projects in Egypt, and Egyptian ...

Proposals to give houses to Emiratis regardless of their marital status, making the last 10 days of Ramadan a holiday and the issue of domestic violence are on the agenda for the Federal National Council session on Tuesday. The UAE Cabinet has approved the FNC’s recommendation on housing, which called for every Emirati, married or unmarried, male or female, to ...

Lagos-based Real Estate and Engineering Firm, Pazino Engineering & Construction Company Limited has said it is on a mission to transform Nigeria’s real estate sector to world class standard by adding new styles and dimension to what is currently in existence in the sector. Managing Director of Pazino ECC Ltd, Mr. Patrick Agbaza, who dropped the hint in Lagos, lamented ...

While commissioning 108 housing units in Durumi District of the Federal Capital Territory (FCT), Abuja, last week, the outgoing Kano Governor used the opportunity to announce the signing of a new agreement for the sale of 286 units of houses and 44 hectares of land to a Chinese firm at the cost of over N5 billion for the establishment of ...

The outgoing Governor of Kano State, Rabiu Kwankwaso, has commissioned 108 housing units in Durumi District of the Federal Capital Territory (FCT), Abuja. The housing project named ‘Evergreen Residences’ consists of 108 housing units of 5 and 4 bedroom maisonettes, 4 bedrooms terraces and 3 bedroom blocks of apartments. The project, together with another project consisting of over 400 residential ...