According to the report of company Savills, Australia's largest city Sydney has become a leader among the world's financial centers to appreciation of billionaire property - property prices grew by 40 percent for the first half of 2011. According to company's experts, Hong-Kong, Tokyo, Paris, London, Moscow, New York, Shanghai, Singapore, Mumbai and Sydney are the world's financial centers and the most popular cities to invest in billionaire property. That's why the value of this segment of housing in these cities is growing. The prices of billionaire property also increase in Paris (by 23 percent for the first half of 2011), in Singapore (16 percent for the first half of 2011), in Hong-Kong (10 percent for the first half of 2011 ) and in Mumbai (7 percent for the first half of 2011 ). At the same time the highest prices of billionaire property registered in Hong-Kong. The price of billionaire property in Hong Kong is about US$ 113 thousand per square meter. This figure is higher than in Tokyo (US$ 87 thousand per square meter), in Paris (US$ 55 thousand per square meter) and in London (US$ 50 thousand per square meter).

On September 15 took place the opening ceremony of the new contemporary cycle track in Malatya-Sebastya region, Yerevan, reported information agency "Armenpress". The construction of the new track launched in June 2010 with the agreement signed between the Yerevan municipality and "Renco Armestate" company. For developing bicycle sport in the republic, the new stadium has been constructed and equipped with contemporary devices and security system. It also has medical and doping control rooms. New track is equipped with a 250 meters long high quality wood cycle way. Now, any international and professional tournament may be conducted in this perfect cycle stadium with the capacity of 3 200 audience.

Beijing has started construction on a new mega-airport that will be roughly the size of Bermuda and have nine runways, reported The Telegraph. The new airport will be called Beijing Daxing International and when it opens in 2015, the Chinese capital will become the world's busiest aviation hub, handling around 370 thousand passengers a day. It is only three years since the opening of Terminal 3 at Beijing Capital Airport, a sweeping structure designed by Sir Norman Foster that is far bigger than all of Heathrow's five terminals combined. But an enormous boom in China's aviation industry has already left the capital's existing facilities stretched to breaking point. "It is impossible to add even one more flight to the tight daily schedule of the Capital airport," said Li Jiaxing, the minister in charge of China's Civil Aviation Administration. The existing airport in Beijing has an annual capacity of 75 million passengers. Last year it handled 73 million. In two years, it will be totally packed. And it cannot be expanded infinitely. Instead, Beijing's planners have found a 54 thousand square meters site to the south of the city, in the suburb of Daxing. Currently the site is around an hour's drive from the city centre, but planners are pencilling in an extension to Beijing's metro, and perhaps even a high-speed train line. The new facility will not only serve Beijing, but also Tianjin and parts of Hebei as the Chinese capital morphs into a mega-city, its suburbs merging into those of the cities around it. The airport will be Beijing's third, after Capital and the smaller, primarily military, Nanyuan airport. Beijing Daxing is likely to have eight runways for civilian use and a ninth for military use, according to Yao Weihui, the general manager of China United Airlines. "The suggested location is a place with few residents and buildings, so a lot of runways can be built," he added.

According to The National, several towers are scheduled to open on or near the Corniche in Abu Dhabi in the next few months, offering more than 1,400 apartments with rooftop pools, health clubs and all the modern amenities. For the first time, the capital will have the type of high-end apartment towers common in Dubai. "I see a lot of people moving back from Dubai because we have the quality now," says Almer Agmyren, the managing director of Rex Real Estate. The list of nearly completed projects includes Etihad Towers, the collection of five blocks near the Emirates Palace hotel. There is also the 47-storey Seba Tower, now known as Al Ain Tower and commonly known as the "wobbly building", near Spinneys market, and Nation Towers, which is next to the Hilton Corniche. "Anything on the Corniche is literally like a jewel in the crown," says Steve Morgan, the head of the UAE office for the property consultancy Cluttons. "They are filling a niche in the marketplace for people who can afford it." Prospective tenants have been told the first of the 885 apartments in Etihad Towers will be available on October 15. Annual rents in the Etihad Towers apartments range from a low of US$ 27 thousand for a 67-square meter one bedroom to US$ 265 thousand for a 732-square meter penthouse. A two-bedroom, 160 square meter apartment is listed at about US$ 61.3 thousand. Al Ain Tower, which is expected to offer similar pricing, is also scheduled to open by the end of October, agents have been told. Nation Towers is likely to open in the spring.

The amount of construction projects cancelled and delayed in the United Arab Emirates rose to $170bn in August, Citigroup said in a report, signaling the battered sector in the Gulf state is still away from a recovery, reported Arabianbusiness. UAE accounts for 56 percent of the total cancelled and delayed projects for the main regional markets, the MENA construction projects tracker report by Citi showed. The cancellations are an increase of 13 percent since July. "Unsurprisingly cancellations in the UAE relate predominantly to real estate," the report said. UAE's property boom ended in 2008, with home prices in the Dubai emirate plunging by about 60 percent, forcing many developers to abandon projects. Meanwhile, projects cancelled and on hold across main MENA markets dropped slightly to $1.69 trillion in August from $1.7 trillion in July. In other markets, Saudi Arabia added $81bn of preliminary projects to its pipeline since July, said the report, highlighting the growth potential in the market. Kuwait and Qatar also have projects worth $20bn and $2bn respectively that are in preliminary stages of construction. In contrast, UAE showed a $12bn decline in preliminary projects to $118bn.