Monthly Archives: June 2015

Hungry Eyes!

Posted on June 30, 2015 by howesdubai

S&P is yet another company with a dire forecast that Dubai property prices will fall by up to 20%, from last year’s highs. The rating agency points to the fact that so many new units will come on line in … Continue reading →

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Tragedy!

Posted on June 27, 2015 by howesdubai

The Dubai doomsayers, who were predicting a 2015 30% property crash, still await their day in the sun, as latest figures from Knight Frank’s Global House Price Index indicate only a 6.1% annual slowdown. However, on a global scale the … Continue reading →

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Say Goodbye

Posted on June 24, 2015 by howesdubai

In a busy week, HH Sheikh Mohammed bin Rashid Al Maktoum has met with Queen Elizabeth, the Polish president, Bronislaw Komorowski, (on a two-day trade visit) and visited the Milano Expo for a further two days; there he announced that he … Continue reading →

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Someone New

Posted on June 9, 2015 by howesdubai

As expected, April turned out to be a dismal month for the hospitality sector as profitability indices sank by 19.5%. Occupancy, Average  Room Rates and Rev PAR all headed south – 0.5% to 84.9%, 12.8% to US$ 374 and 13.5% … Continue reading →

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