JLL Income Property Trust announced the acquisition of Creekview Crossing, a 183-unit apartment community located in the suburban Portland market of Sherwood, Oregon. The purchase price was approximately $61 million and includes the assumption of an in-place $26 million mortgage loan, which has a below-market interest rate. The JLL Capital Markets Investment Sales Advisory team
According to Savills Hong Kong, strong demand for premium houses on the Peak contrasts with low interest in luxury rentals priced between HK$100,000 and HK$200,000. Diverse tenant profiles and budget constraints complicate the market, but local interest grows in mid-high-end rentals, maintaining a sustained occupancy rate of 70%. The Hong Kong residential leasing market is
Emaar, the Economic City (EEC), and Mohammed Yousuf Naghi Group (MYN GROUP) marked a key milestone by signing a Land Sales Agreement recently at the King Abdullah Economic City (KAEC) headquarters. During the signing ceremony, attended by key representatives, including Mansour A Al Salem, MD and BOD Member of EEC, Cyril Piaia, CEO of EEC,
The Real Estate Regulatory Authority (RERA) index for Dubai has been updated and is likely to impact tenants who have been living in properties for over two years, an expert has said. According to Richard Waind, CEO of Betterhomes, the RERA calculator was updated on March 1, bringing future renewals more in line with rents
DAMAC Properties, a leading luxury real estate developer in the UAE, announced that the Cavalli Tower, its inaugural branded residential tower project in the UAE is on target for completion. Situated in the vibrant Dubai Marina, adjacent to DAMAC’s Ocean Heights, the 71-storey Cavalli Tower will set a new standard in luxury living for the
As we navigate the economic currents of 2024, London’s real estate market continues to remain an attractive investment destination for Middle Eastern investors. With promising returns and long-term prosperity prospects, the UK’s economic growth and stability continue to draw investors from UAE, Saudi Arabia, Kuwait, Qatar, and other Middle Eastern nations to London. London’s real
Louise Clarke Group Head of Sustainability – Berkeley Group and Adam Demetriou, Director – Berkeley MEA & India, believe that embracing sustainability in property development should be mutually beneficial for residents, investors and stakeholders
