Monthly Archives: March 2015

What We Ain’t Got!

HH Sheikh Mohammed bin Rashid Al Maktoum launched the 22 million sq ft phase 2 expansion of Dubai Healthcare City which will cost up to US$ 1.36 billion. It will include the Nashami health project as well as retail and … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , , , | Leave a comment

The Times They Are A Changin’

Property developer Nakheel has defended its right to increase villa extension application fees which, in some cases, have risen quite dramatically. Prior to September 2014, the standard tariff ranged from US$ 41 per sq ft in its Jumeirah Village development … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , , , | Leave a comment

Shake It Off

Although Abu Dhabi recorded a 14.7% 2014 growth in the luxury residential property sector, Dubai only managed a marginal 0.3% price increase, compared to 17.0% the previous year. The Knight Frank‚Äôs Prime International Residential Index had Muscat, at 13.2%, the … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , | 1 Comment

Leaving On A Jet Plane

The Investment Corporation of Dubai is teaming up with Canadian asset manager, Brookfield, to build a US$ 1 billion 50-storey tower next to the DIFC. ICD Brookfield Place, comprising a hotel, offices and retail outlets, will be ready in 2018. … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , , | Leave a comment

Don’t Call Me!

It seems that Dubai will see its first rainforest, as plans are afoot by Damac Properties to incorporate one in its latest development – Akoya Oxygen, encompassing 55 million sq ft. The developer will try and replicate the eco-system in … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , , | Leave a comment