Author Archives: howesdubai

Hazy Shade of Winter!

Posted on February 5, 2017 by howesdubai

Early 2017 property reports seem to have different findings. JLL estimate that only 15k units were handed over last year and this was the highest annual number in five years. ValuStrat put this number even lower at 11k which was … Continue reading →

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Bed of Roses

Posted on January 29, 2017 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum has approved a 300k sq ft expansion to triple the size of Dubai’s International Humanitarian City. This is in the wake of a marked increase in the global demand for emergency aid, as … Continue reading →

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Fool On The Hill

Posted on January 22, 2017 by howesdubai

The total realty transactions of 60.6k, as reported by the Dubai Land Department, topped US$ 70. 6 billion last year – slightly down compared to 2015’s 63.7k valued at US$ 72.7 billion. The government agency expects further sustainable growth this … Continue reading →

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Fog Has Lifted!

Posted on January 15, 2017 by howesdubai

Reidin reports that 2016 Dubai freehold transactions, including both freehold and off-plan, fell by 2.3% over the year to 23.6k, with a value of US$ 9.9 billion – 16.3% lower than in 2015 (US$ 11.8 billion); off-plan sales were down … Continue reading →

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Sittin’ On The Dock Of The Bay

Posted on January 8, 2017 by howesdubai

This week, the Dubai ruler launched the UAE Food Bank project as part of the UAE’s Year of Giving initiative. His wife, Sheikha Hind bint Maktoum bin Juma Al Maktoum, has been appointed chairperson of the board of trustees. Al … Continue reading →

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Days Of Future Passed

Posted on January 2, 2017 by howesdubai

It is expected that KOA’s first mixed-use development will be completed by the end of 2017. The 70-apartment project, located near Mohammed bin Rashid Gardens, will also include a multi-purpose ampitheatre and a gourmet market. With an opening slated for … Continue reading →

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Days Are Numbered!

Posted on December 29, 2016 by howesdubai

HH Sheikh Mohammad Bin Rashid Al Maktoum has approved Dubai’s US$ 12.9 billion 2017 budget which, as expected, sees a marked 27% expansion in infrastructure expenditure, in line with the 2021 Strategic Plan. Consequently, the budget allocation is US$ 272 … Continue reading →

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Don’t Stop Believin’

Posted on December 27, 2016 by howesdubai

With work having already started on the 550 million sq ft Dubai Wholesale City, the largest such hub in the world, a memorandum of understanding has been signed with The China Commodity City (CCC) Group. Dubai’s US$ 8.1 billion project … Continue reading →

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Congratulations!

Posted on December 12, 2016 by howesdubai

Even though it already houses nine UN Humanitarian Agencies, and over fifty other related international entities, HH Sheikh Mohammed bin Rashid Al Maktoum has ordered further expansion to Dubai’s International Humanitarian City. In these days of socio-political regional tensions, Dubai’s … Continue reading →

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Daydream Believer!

Posted on December 10, 2016 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum has approved plans for a Dubai Street Museum that will showcase the history, cultural values and identity of the emirate. Both local and international artists, who will use many of Dubai’s buildings for … Continue reading →

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