Author Archives: howesdubai

When The Going Gets Tough, The Tough Get Going

Posted on April 21, 2019 by howesdubai

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

Posted on April 12, 2019 by howesdubai

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

Posted on April 7, 2019 by howesdubai

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

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 →

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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 →

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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 →

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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 →

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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 →

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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 →

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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 →

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