Author Archives: howesdubai

For Whom The Bell Tolls

Posted on March 30, 2019 by howesdubai

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 →

Posted in Categorized | Tagged Aramaco, Autonomy, Boeing, Brexit, Careem, debt, dnata, Dubai property, RTA, school fees, uber, Wow Air | Leave a comment

Land Of Make Believe

Posted on March 24, 2019 by howesdubai

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 →

Posted in Categorized | Tagged Donald Trump | Leave a comment

Throwing It All Away

Posted on March 20, 2019 by howesdubai

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 →

Posted in Categorized | 1 Comment

Don’t Play With Me

Posted on March 18, 2019 by howesdubai

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 →

Posted in Categorized | 1 Comment

Back Home Again

Posted on March 16, 2019 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum has approved a US$ 8.7 billion nationwide project for the construction of 34k housing units for Emiratis over the next five years. He has also ordered that the value of the salary ceiling … Continue reading →

Posted in Finance | Tagged Arabtec, DFM, Dubai, Dubai Financial Market, Emaar, Emirates, emirates airline, HH Sheikh Mohammed bin Rashid Al Maktoum, UAE | Leave a comment

Look Away

Posted on October 1, 2018 by howesdubai

Ithra 13 is to launch a major upgrade in Dubai’s historic gold and jewellery business location, the Deira Gold Souq. Situated between the existing Gold Souq and the Creek’ “District 13” will be a major project for Deira, part of … Continue reading →

Posted in Finance | Tagged Arabtec, DFM, Drake & Scull, Dubai, Dubai Financial Market, Emaar, Emirates, emirates airline, Emirates NBD, HH Sheikh Mohammed bin Rashid Al Maktoum, Nakheel, UAE | Leave a comment

End Of May

Posted on September 29, 2018 by howesdubai

In a move to tap into the ever-growing Chinese market, Falcon City of Wonders has launched a new villa development – Eastern Residence will be a gated community of 680 LEED Gold certified villas, with starting prices at US$ 845k. … Continue reading →

Cruel Summer

Posted on September 17, 2018 by howesdubai

A week after winning a Damac US$ 140 million contract to build tower 3 in its Aykon City development, China State Construction Engineering Corporation has snared another bigger deal, totalling US$ 351 million, awarded by Emaar. The project is to … Continue reading →

God Only Knows

Posted on September 16, 2018 by howesdubai

China State Construction Engineering Corporation has been awarded a US$ 140 million Damac Properties contract to build tower C of Aykon City, part of the developer’s US$ 2.0 billion project overlooking the Dubai Canal. CSCEC also won the contact for … Continue reading →

Slippin’ and Slidin’

Posted on September 4, 2018 by howesdubai

Anybody with US$ 22 million to spare can become the proud owner of Lebanon, a 420k sq ft island, located in Nakheel’s The World Islands. This comes complete with chalets, a swimming pool, two beaches and a restaurant. Currently owned … Continue reading →