What Happened
Luxury house prices in Dubai increased more than a tenth in the first half of the year, making them the fastest-rising properties in the world over that period, according to a new report. The international property broker Knight Frank has reported house prices in the emirate rose by 11.9 per cent in the six months to the end of June. Between April and June prime property prices increased 6.1 per cent, the researchers found as the emirate's property market continues to recover from the 2008 crash. "The city is attracting demand from North African, Asian and Middle Eastern buyers. Many are cash buyers."The Chinese city of Shanghai came third in Knight Frank's study, with luxury house prices there rising 17.5 per cent over the 12 months to June, followed by St Petersburg, Tel Aviv and New York. Meanwhile, prime prices in mainland Europe continued to fall with luxury property prices in Madrid down 11.9 per cent over the year, those in Paris down 10 per cent and those in Rome down 7.7 per cent.
Dubai luxury property strongly increased
China commits highest FDI in 2012-13: Nepal
Investors from China have committed a largest sum of foreign direct investment (FDI) in Nepal, a recently released data by the Nepal government showed. According to the governmental data, China alone committed 30.89 percent of the total amount committed by foreign investors under FDI in the fiscal year (FY) 2012-13 (Nepali fiscal year 2069-70). This is the first time that the investment commitment from China surpassed the investment commitment from India, Nepal's southern neighbor that had dominated the FDI commitment list until the FY 2011-12.