Damac to deliver Oceanscape apartments four years late

Damac Properties has begun handing over apartments in its long-awaited Oceanscape project in Abu Dhabi. Most investors bought apartments off-the-plan in 2006, paying 30% of their purchase price in the first 120 days of reserving their property. After seven years Damac has finally finished the project, one of its first and probably last Abu Dhabi ventures. Despite being four years late, ...

Construction industry optimistic for 2014 growth

The construction industry is more optimistic about revenue growth in 2013/14 than in 2012, according to new research by Timetric. Increased investments in IT infrastructure, public and private-sector construction projects, and growing demand for sustainable construction are likely to be key growth drivers. Growing optimism among a number of surveyed executives in the global construction ...

Two involved with failed Future First investment group back in property game with new ventures

TWO key players in a failed Brisbane property investment company are still in business spruiking real estate. Andrew Clough, a former director of now-defunct Future First Investment Services, launched Main Street Investment Group in Brisbane's inner-city suburb of Milton in March last year. That was just a month before creditors voted to wind-up Future First, which collapsed with debts of ...

High-end lake homes are now hot property

In Cass, St. Louis, Otter Tail and Aitkin counties -- the most active lake home markets in the state -- the average price has increased 3 to 5 percent since last spring, according to Trulia, a national real estate research and listings firm. But it's the high-end vacation home that is seeing the biggest increase in ...

Property owners feeling the squeeze from taxing bodies

FREEPORT — The Rock City Fire Protection District took advantage of low interest rates to give taxpayers a break this year. ';We owed about $500,000 on a new firehouse that we built several years ago,'; said Fritz Kuhlmeier, president of Citizens State Bank in Lena and a trustee for the fire district. ';We refinanced it last year and our principal and interest payments ...