Real Estate

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 ...

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 ...

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 ...

Manager of Revenue Enhancement and Resource Mobilization at the Ministry of Local Government and Community Development Calvert Thomas says the Government is willing to work with persons who may have challenges to meet their property tax obligations. Thomas, in an interview with JIS News, said Jamaicans who find themselves in situations where they cannot pay their property tax may apply ...

Two of China’s top developers are teaming up in a move that underscores consolidation in an industry hit by a market downturn. China Vanke, the country’s largest homebuilder, has formed a partnership with leading commercial property developer Dalian Wanda Group for strategic cooperation on land purchases and joint project development. The shares of both companies rose after the announcement on Thursday. ...

A company led by David Edelstein, the head of New York real estate group TriStar Capital, acquired a property in Miami’s hot Wynwood neighborhood for $10.23 million. The price equates to $588 per square foot for the retail space at 3322 N. Miami Ave., just on the edge of Wynwood near Midtown. That may sound pricy, but other Wynwood properties ...

A Mortgage is described by the Lagos State Mortgage and Property Law to be the transfer of any interest in a specific movable or immovable property, for the purpose of securing the repayment of a loan against an existing or future debt, or the performance of an engagement which may give rise to pecuniary liability. A Mortgage also includes any ...

The Lagos State Governor introduced the Tenancy Law in 2011, stating that the responsibility now falls on all property owners to make life bearable for those who rent their properties. How has this Law worked so far? Section 4(3) states that for new tenants, it will be unlawful for a landlord or his agent to demand or receive rent in ...