Headlines for African Home Building News
President Nana Addo Dankwa Akufo-Addo approves framework for negotiations with the successful bidder(s) in the ongoing resolution of the Saglemi Housing Project
The Real Estate Career Launch Pad 2024 to inspire and equip graduates with the essential tools to thrive in the global real estate market
Dubai’s real estate sector expected to see a positive outlook in the 2024/2025 business season.
Orient Property Consulting Limited, in collaboration with the Royal Institution of Chartered Surveyors (RICS), has announced the Real Estate Career Launch Pad 2024, a virtual event aimed at young graduates eager to explore career opportunities in the real estate sector.
The highly anticipated webinar will be held on the 19th and 20th of September, 2024, and will provide valuable insights for graduates from 17 Universities and Technical Universities across Ghana.
Participants include those who have pursued courses in Building Technology, Quantity Surveying, Construction Management, Civil Engineering, Estate Management, Real Estate, Land Management, Land Economy, Facility Management, among others.
The event, themed “Navigating Career Opportunities for Young Graduates,” will feature industry experts from different parts of the world who will share their knowledge on various aspects of real estate careers.
Topics will include property valuation, development and construction project management, corporate real estate and facilities management, real estate finance and investment, real estate research and advisory, real estate brokerage/agency, law and land administration, ESG and sustainability, entrepreneurship in real estate, professional development, and job search techniques.
The Real Estate Career Launch Pad 2024 is designed to inspire and equip graduates with the essential tools to thrive in the global real estate market.
According to Isaac Dwimoh-Opoku, Managing Director of Orient Property Consulting, the company is dedicated to supporting the next generation of real estate professionals by offering these unique learning and networking opportunities.
Industry experts from Kenya, the USA, Germany, Nigeria, and Ghana will provide practical knowledge and career advice during the programme, tailored to help young graduates understand the intricacies of the real estate industry.
This free event will be held online via Zoom, allowing participants from across the world to attend virtually. Interactive learning sessions will enable participants to engage directly with industry leaders, ask questions, and gain insight into global trends and career prospects in real estate.
Orient Property Consulting Limited, a leading real estate consultancy based in Ghana, offers specialized services in property valuation, brokerage, management, research, and advisory.
The company continues to shape real estate careers in Ghana. RICS, headquartered in the UK, is the foremost professional association for property professionals, with a global membership exceeding 120,000.
President Nana Addo Dankwa Akufo-Addo has approved a framework for negotiations with the successful bidder(s) in the ongoing resolution of the Saglemi Housing Project.
The approval follows a request by the Minister for Works and Housing, Kojo Oppong Nkrumah.
Under the new framework, the value of the work already completed at Saglemi will be treated as the government’s equity in the project, while the cost to complete the remaining work will be considered the equity of the selected partner in a Special Purpose Vehicle (SPV) to be established for the project’s completion. Proceeds from the sale of the houses will be shared between the government and the private partner based on their stake in the SPV.
The Saglemi Housing Project, originally intended to deliver 5,000 affordable housing units, received approximately $200 million in government financing.
However, only 1,506 units were partially completed, and the project was halted due to a lack of essential infrastructure such as water, electricity, and sanitation.
Dubai’s real estate sector is expected to see a positive outlook in the 2024/2025 business season.
Analysts project sustained growth in the overall UAE real estate market, driven by robust demand, new property developments, and the integration of advanced technologies.
This growth is expected to be supported by both domestic and international investors, reflecting the market’s resilience and strategic importance.
Dubai’s real estate market is on track for another strong year in 2024, with record sales volumes and values. In July 2024, property sales reached AED49.6 billion ($13.5 billion), a 31.63% increase compared to the same period in 2023.
This surge is largely attributed to high demand for luxury properties, particularly in sought-after locations like Palm Jumeirah.
The first half of 2024 saw over 43,000 property transactions valued at approximately AED122.9 billion, a 30% increase from the previous year.
This growth is partly due to the rapid absorption of new inventory, with 80% of units launched since 2022 already sold.
Source : Joycelyn Marigold – Africa Home Building News
