Monthly Archives: July 2016

Long Hot Summer!

Posted on July 31, 2016 by howesdubai

Dubai Municipality is still considering the whereabouts of a new tourist landmark, Dubai Steps – potential locations include Dubai Creek, Dubai Marina and Union Square. The 100 mt, 500-step structure will be unique because it will lead to nowhere. Following … Continue reading →

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Where Have All The Flowers Gone – When Will They Ever Learn?

Posted on July 24, 2016 by howesdubai

It is reported that what would have been the world’s largest hospitality and leisure development in 2007 could be revived. The US$ 27.2 billion Bawadi, a JV between Dubai Holding and Emaar Properties, was shelved as a result of the … Continue reading →

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Living In The Gangsta’s Paradise

Posted on July 20, 2016 by howesdubai

With developers continuing to scale back on completion of launched and often pre-sold projects, the number of new homes handed over in Q2 totalled only 2.8k; industry expectations were that up to 40k residences would be handed over this year … Continue reading →

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The Great Pretender!

Posted on July 9, 2016 by howesdubai

Reidin’s latest report shows marginal May increases for both Dubai apartment and villa prices – but 5.2% and 6.0% down year on year. Meanwhile rents for both apartments (3.0%) and villas (6.4%) fell over the year whilst May saw a … Continue reading →

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Mr Know It All!

Posted on July 7, 2016 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum has approved the 2030 Dubai Industrial Strategy, with the aim of generating a further US$ 44 billion to the emirate’s GDP. Its focus will be on six sectors – aerospace, aluminum, equipment, food … Continue reading →

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