Author Archives: howesdubai

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

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

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

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

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

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

If I Could Turn Back Time! 09 July 2020

If I Could Turn Back Time!                                                                09 July 2020 The latest Property Finder report points to a June improvement in the Dubai property sector, as month on month sale transactions were 60% higher. Low prices encouraged the increased demand that … Continue reading

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

Video Killed The Radio Star 02 July 2020

Latest data from Mo’asher, the official index of the Dubai Land Department, saw a 0.54% hike to 1.121, put down to pent up demand from the government’s easing of restrictions; for apartments, the index was at 1.189 and villas 1.060, … Continue reading

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

Do You Know Where You’re Going To?

Do You Know Where You’re Going To?                        25 June 2020 It has to be Dubai when it is announced that the emirate will have the first-ever climate-controlled ‘Raining Street’ which will see year-round rain along a 1 km boulevard. Developed … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , | 1 Comment

Only Time Will Tell!

Only Time Will Tell!                                                                       18 June 2020 Nakheel has posted villa sales, totalling US$ 63 million, over the past three months, as demand jumps with consumers beginning to adapt to the ‘new normal’; of that total, US$ 40 million (70 … Continue reading

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

Staircase To Heaven

Staircase To Heaven                                                                                     11 June 2020 Dubai developer Croesus Holdings has been locked out of two of their completed low-rise projects, valued at US$ 27 million, in Majan, by Dubai Walls Contracting over a dispute relating to costs. Apparently, this … Continue reading

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

Chiquitita

Chiquitita                                                                                       04 June 2020 The latest Cavendish Maxwell’s Property Monitor reported that Dubai property prices have lost 8.3% in value over the past twelve months, (an improvement on the 9.7% decline in 2018), but nudged 0.5% higher, month on month; … Continue reading

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

The Lights All Went Out in Massachusetts

The Lights All Went Out In Massachusetts                                                28 May 2020 According to Property Finder, and despite the Covid-19 economic impact, there were still 1.8k property sales last month, worth US$ 1.0 billion, of which 70% were off-plan and the rest … Continue reading

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