Business Blog

Leading real estate developers revealed a trend toward downsizing apartment space Tuesday, expressing optimism over the continued success of the real estate market despite security tensions.

Dubai’s upscale properties are not growing in value like they used to. In fact, the pace of growth may have dropped to an anaemic 1% in the first three months of the year, compared with an average of 4 per cent quarterly growth in 2013, according to Knight Frank, the consultancy.

The Islamic Development Bank (IDB) and billionaire entrepreneur Bill Gates plan to set up a USD2.5 billion fund for the poor.

Architects hope their design for a one-kilometer tall building in the Chinese city of Wuhan will be completed by 2017.

Clint Dempsey may have scored the go-ahead goal for the United States in what would ultimately be a gut-wrenching tie with Portugal in Sunday's World Cup game. But on social media, Portuguese star Cristiano Ronaldo was three times as popular as the American striker.

Sydney is a hot property market but one Australian company is looking to provide more affordable housing in the city by retrofitting old shipping containers.