Work starts on creation of new Dubai island

Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...

Housing market picking up in UK

LONDON - The UK housing market seems to be picking up with gross mortgage lending up 4.3 per cent in April over previous month to 12.1 billion pounds, the highest in over four years, according to the Council of Mortgage Lenders (CML). The mortgage lending was 21% higher than April 2012, but this data is skewed by the end of the stamp duty concession on 24 March, 2012. Under the stamp duty ...

Real estate agent targets kids as future clients

dedicated kids website , launched this week, are designed to encourage children to become future LJ Hooker clients.Georg Chmiel, LJ Hooker CEO, describes the digital pitch to kids, predominantly aged from four to nine, as an industry first and a clever initiative to raise brand awareness."LJ Hooker is successfully building a positive relationship with the next generation of Australian real ...

Real Estate Nothing to fear from zombie houses

Zombie houses are what RealtyTrac is calling properties vacated by owners who have moved out and moved on with their lives after getting tired of waiting for their lenders to foreclose. In a new report, the first-ever "foreclosure inventory " found 301,874 "zombie" properties have been abandoned by their owners. Last year at this time some 7.73 percent of all mortgages were ...

Redfords one-of-a-kind role is a hit in Cannes

Redford is receiving rave reviews for his work in the shipwreck-themed saga -- which debuted this week at the Cannes Film Festival. He plays an unnamed man piloting a yacht in the Indian Ocean, whose vessel is struck by a shipping container, tearing a hole in its hull. When the man finds his navigation equipment has failed as his yacht takes in water and a storm approaches, he's thrown into ...