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UAE Abu Dhabi Invest 750 million Euros in French Buildings

After Qatar, who have investors buying famous French buildings such as the Carlton International Hotel in Cannes, UAE investors (as part of the Abu Dhabi Investment Authority) will spend nearly 750 million Euros to acquire beautiful real estate in Paris and Lyon this year. Final signing is expected to take place in December 2013.

The purchase is being made by the sovereign fund of the emirate in the middle east and the purchase is to buy the assets of Docks Lyonnais, a real estate company owned by the Swiss bank UBS. Examples, of what will be purchased included the address 6 to 8 Boulevard Haussmann in the Opera district of Paris.

If you would like to read the complete article from Le Figaro in French click here

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What is a Grenier or Vide Grenier in a French advertisement?

The French term Grenier refers to an attic, the storage area under the roof in a house.

The term ‘vide’ means empty and when the two words are put together ‘vide grenier’ you have what is a sale of items by people who want to empty out their attics.

In North American the equivalent to a Vide Grenier is a garage sale where a property own uses their garage as a temporary store location to sell items to the public passing by.

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What does the term couloir mean in a French property ad?

Couloir is the French term for a corridor or as we sometimes say in English a hallway.

Throughout this site you will find numerous French real estate terms explained in English. Please take your time and you can learn lots.

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What does Frais de notaire mean?

Frais de notarire is the French term for notary fees. The fees that need to be paid as part of the sale of a French property.

If you want to learn who pays the French notary fees in France then read this article.

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Video: Very Expensive French Properties French Riviera Cost 50 million Euros

France has some extremely expensive luxury properties. Below is a link to a video of one house that is undergoing a 12 million Euro renovation and has a cost to the buyer of 55 million Euros. The house is 1200 m2 and the land is 8300 m2.

Click on this link for the 2 minute video of Ultra Luxury French Property

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