Monthly Archives: March 2014

On Top Of The World

Posted on March 29, 2014 by howesdubai

February proved another lucrative month for Dubai’s hospitality sector with impressive rises in occupancy, 0.7% to 88.6%, ADR (average daily rate), 10.7% to US$ 300, and RevPAR (revenue per available room), 11.5% to US$ 266. Increases in demand at 7.1% … Continue reading →

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Won’t Get Fooled Again

Posted on March 26, 2014 by howesdubai

This week, HH Sheikh Mohammed bin Rashid al Maktoum approved a US$ 136 million plan to build a 1.4 km bridge from JBR to the upcoming Bluewaters Island, with further access by footbridge and monorail.  The US$ 1.6 billion project, … Continue reading →

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How Bizarre

Posted on March 15, 2014 by howesdubai

Boeing seem to be having continuous problems with its new 787 Dreamliner – the latest being hairline cracks in the wings, manufactured by Mitsubishi. Another minor problem is that Emirates apparently have yet to sign off on their US$ 76 … Continue reading →

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Back In The USSR

Posted on March 9, 2014 by howesdubai

Knight Frank’s 2014 Wealth Report shows that Dubai had the seventh biggest annual increase in the global prime luxury market. At 17.0%, it was a lot lower than the likes of the top three – Jakarta, Auckland and Bali at … Continue reading →

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The Show Must Go On

Posted on March 5, 2014 by howesdubai

On Sunday, Nakheel paid off more than a third of a loan that was not due for repayment until September 2015. The US$ 640 million early settlement is an indicator that the developer has recovered from its enforced August 2011 … Continue reading →

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