Author Archives: howesdubai

When The Going Gets Tough, The Tough Get Going

When The Going Gets Tough, The Tough Get Going      18 April 2019 According to Asteco, and despite the current oversupply in the market, there has been a marked increase in Q1 hand-overs, estimated to be 6.7k; reports indicate that 23k … Continue reading

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My Way

My Way                                                                             11 April 2019 March off-plan sales topped 1.8k and were 7.7% higher than a month earlier. This welcome uptick in sales has seen developers, including Sobha – releasing 360 units in its second MBR twin tower project … Continue reading

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Land of Hope and Glory

Land Of Hope And  Glory                                                   04 April 2019 Damac Properties reported a record number of homes handed over last year, with many of the 4.1k total in its Damac Hills community. The developer posted revenues of US$ 1.7 billion, whilst … Continue reading

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For Whom The Bell Tolls

For Whom The Bell Tolls                                                  28 March 2019 According to the UAE real estate portal Property Finder, 55% of the emirate’s realty sales, for the first two months of the year, were for off-plan homes, with the balance … Continue reading

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Land Of Make Believe

Land of Make Believe                                                 21 Mar 2019 Photo Work is ahead of schedule on phase 1 of the US$ 820 million Mirdif Hills project, according to ECC Group who indicated that 70% of construction has been completed on Janayen Avenue … Continue reading

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Throwing It All Away

Throwing it All Away                                                           Because of the slowing construction and realty sectors, Moody’s expects that bank loan losses will inevitably grow, based on the fact that lending to real estate entities has increased to 20% of their total lending book … Continue reading

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Don’t Play With Me

Despite all the doom and gloom around, a positive note was sounded by Bayut.com’s CEO Haider Ali Khan who noted that the start of the year has witnessed positive growth in a selection of key Dubai developments. Although agreeing that … Continue reading

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