Author Archives: howesdubai

You Get What You Give!

You Get What You Give!                                                                     17 September 2020 A report by ValuStrat reported a 1.6% monthly price decline, along with strong activity levels, much in line with Property Monitor’s latest findings that the average August property price in Dubai … Continue reading

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Get The Fire Brigade!

Get The Fire Brigade!                                                                        10 September 2020 Airolink has been appointed by Seven Tides as the main building contractor to complete its US$ 272 million Seven City JLT development. Due for completion in 2023, the 2.7k unit project covers an … Continue reading

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All The Young Dudes!

All The Young Dudes!                                                                       03 September 2020 There was a significant and historic move this week when the country’s President Sheikh Khalifa bin Zayed Al Nahyan issued a federal decree “abolishing the Federal Law No. 15 of 1972 regarding boycotting … Continue reading

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A Change Will Do You Good!

A Change Will Do You Good!                                                            27 August 2020 A new CBRE report is relatively bullish on the Dubai property sector, indicating a rise in demand for villas and town houses, as many end-users are looking for more space, … Continue reading

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That’s What Friends Are For!

That’s What Friends Are For                                                                        20 August 2020 Not seen for more than a decade, rent to own schemes have returned to the Dubai property sector, as Dubai South Properties announce such a plan for new tenants of The Pulse … Continue reading

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It’s Not Over Yet!

It’s Not Over Yet!                                                                              13 August 2020 The big news of the week sees the UAE and Israel signing a historic peace agreement – a deal that will normalise diplomatic relations between the two countries. A joint statement between the … Continue reading

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Hotel California

Hotel California                                                                                             06 August 2020 As noted in a blog last month, (‘Riders On The Storm’ – 16 July), property prices and rents in some of Dubai’s popular communities remained fairly stable in H1, despite a slowdown induced by the … Continue reading

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Here We Go Again!

Here We Go Again!                                                                                           30 July 2020 A report by the Dubai Statistics Centre showed that the real estate sector’s Q1 growth was 3.7% higher, year on year, contributing 8.0% to Dubai’s GDP. In 2019, it was … Continue reading

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Go Your Own Way!

Go Your Own Way                                                                                         23 July 2020 Latest figures from Moody’s Investors Service just confirm a 30% fall in Dubai property prices since mid-2014 and the sector is currently still in bear territory in an economic environment rattled by Covid-19 … Continue reading

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Riders On The Storm

Riders On The Storm                                                                                        16 July 2020 According to reports this week, JLL estimate that 12k units were handed over in Q1, a long way short of the 83k that was forecast at the beginning of the year … Continue reading

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