Real Estate

Lack of Low-Cost Housing in Dubai

Lack of Low-Cost Housing in Dubai

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Dubai's private developers have recently announced that erecting low-cost housing was not their first priority. High land rates in the emirate have prevented them from taking up low-range housing assignments. According to Ahmad Al Abdullah, chairman of New Dubai Properties that has constructed 22 projects worth over $7 billion across the emirate, high land rates are forcing developers into projects that involved building luxurious apartments, office blocks and Dubai hotels. These bring back far better returns on investment as compared to what the affordable housing may deliver. There is already a shortage of three and four star hotels in Dubai that many construction companies are trying to make business from. Nobody dares announcing low-cost housing projects on the other hand though.

Retirement in Puerto Vallarta--Where Exactly is Margaritaville?

Retirement in Puerto Vallarta--Where Exactly is Margaritaville?

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Before deciding whether or not we want to retire to Margaritaville, we must ask, where in the world is Margaritaville? Where exactly was Jimmy Buffett when he got wasted away, searchin’ for his lost shaker of salt? He was probably in Mexico because he picked up a new tattoo; a real cutie, a Mexican beauty! It must have been a pretty nice place in Mexico because even though he didn’t know the reason, he stayed there all season!

In order to determine where Margaritaville is, let’s first consider the primary ingredient of margaritas; tequila, of course. Tequila is distilled from the blue agave plant in steam heated ovens after which it is aged and cured in wooden barrels; a process that has been refined greatly since its inception in the late 19th century. Prior to the use of the ovens for distilling tequila, mezcal was produced from the agave plant, and has been in existence for more than 1,000 years. Mezcal tequila was first produced shortly after the Spanish Conquest of 1521 and later became North America’s first distilled drink, and its first commercially produced alcohol. Today’s mezcal is produced in the southern Mexican state of Oaxaca and other areas throughout Mexico. It is made from a single distillation process of a number of different agave plants other than blue agave, and is still widely available. It’s really not too bad, considering that it’s often cheaper than bottled water!

Effects of mortgage and real estate industry on stock market

Effects of mortgage and real estate industry on stock market

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In the recent times the Real Estate industry has been on a boom in all its five sectors, i.e. Residential, Commercial, Industrial, Retail and Investment. Though there were many reports and rumors of crashing of mortgage and real estate market, its growth was rather steady in the first half and will grow further during the second half of the year 2007. This is apparent through economic indicators like steady rates, falling dollar, changing demographic tends, growing stock market and few other things.

The number of immigrants shifting to U.S.A is rising at a quick pace. It is estimated that by 2010, the number of immigrants will raise around 12 million. The demand for home ownership among this section will build up for almost 30% of the U.S market share by 2010. The US real estate industry is going nowhere, but to the top.

Stocks Drop After French Bank Halts Withdrawals Of Mortgage Investment Funds – US And European Central Banks Act

Stocks Drop After French Bank Halts Withdrawals Of Mortgage Investment Funds – US And European Central Banks Act

Today's Dow

(Best Syndication) The Dow Jones Industrial stock index dropped 387.18 points, or 2.8 percent, to 13,270.68 after Paris-based bank BNP Paribas halted withdrawals from three investment funds that have lost money on high-risk U.S. mortgage securities. The mortgage and real estate markets in the U.S. are in a downward spiral right now.

Obviously the downturn in the American real estate market is not limited to the U.S. A spokesperson for the BNP bank described it as a technical issue and hopes it would be a temporary situation. The freeze sent stocks plummeting and prompted swift action by the European Central Bank.

Nick Lachey and Vanessa Minnillo Might Live Next To Lindsay Lohan At The Atelier Condos In New York City

Nick Lachey and Vanessa Minnillo Might Live Next To Lindsay Lohan At The Atelier Condos In New York City

View From Atelier Condos

(Best Syndication) Nick Lachey and Vanessa Minnillo splurged on a $1 million, two-bedroom lovenest apartment. The couple celebrated Atelier Condos grand opening in New York with Lindsay Lohan who might become their new neighbor. The 33 year old Nicholas Scott Lachey was once married to Jessica Simpson when they appeared in the reality television series Newlyweds.

Lelchey is now hooked up with the 26 year old Vanessa Joy Minnillo who shares Lechey’s November 9th birthday. Minnillo is an American television personality who has worked for Entertainment Tonight and recently hosted Total Request Live on MTV from 2003-2007.

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