Author Archives: howesdubai

Time To Say Goodbye

Posted on June 22, 2016 by howesdubai

Although there are still pundits who forecast that residential prices will continue to fall, basic economic laws dictate otherwise. Over the past 18 months, it is estimated that 23k units have been handed over, including 5.5k in H1; supply is … Continue reading →

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Speaking Words Of Wisdom, Let It Be!

Posted on June 14, 2016 by howesdubai

After last week’s announcement it was to invest US$ 8.2 billion on local real estate, Majid Al Futtaim Properties has confirmed that part of the money would be spent on a mixed-use development, adjacent to Global Village. Encompassing 750k sq … Continue reading →

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Running On Empty!

Posted on June 8, 2016 by howesdubai

On Sunday, HH Sheikh Mohammed bin Rashid Al Maktoum inspected the new US$ 1.2 billion Concourse D, at Dubai International Airport. The world’s first dedicated facility for Airbus 380s covers an area of 150k sq mt and has an annual … Continue reading →

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A Little Bit More

Posted on May 30, 2016 by howesdubai

The Burj Al Arab has opened its much-vaunted 10k sq mt artificial island, built by the Finnish firm, Admares. Boasting two pools, private cabanas, dining options and a beach made from 1k tonnes of introduced white sand, annual membership rates … Continue reading →

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A Drop In The Ocean!

Posted on May 22, 2016 by howesdubai

Last year, CBRE predicted 20k new residential units would be completed – the figure turned out to be less than 10k. This year, the consultancy estimates 15k new properties for Dubai. If the emirate is set to grow at 6% … Continue reading →

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Picking Up The Pieces!

Posted on May 18, 2016 by howesdubai

CBRE’s latest report indicated that slowing job growth and the negative impact of new supply were the main drivers behind Dubai Q1 residential rents and sale prices dropping on average by 2%. This comes on the back of a 4% … Continue reading →

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Do You Believe In Magic?

Posted on May 15, 2016 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum has approved the construction of a 60k capacity sports arena in Al Aweer. The Mohammed bin Rashid Stadium, costing US$ 817 million, will be the world’s first fully air-conditioned and raised off the … Continue reading →

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With A Little Help From My Friends

Posted on May 2, 2016 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum has set up the Dubai Economic Security Centre whose main aims are to combat bribery, corruption, financing of terrorism, money laundering and fraud. As well as protecting the emirate’s position as a global … Continue reading →

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Throw It All Away!

Posted on April 25, 2016 by howesdubai

JLL reported that house prices have fallen 10% over the past 12 months but indicate that the market may now be returning into positive territory. Over the past quarter, rents for apartments dropped by 3%, whilst villas have remained flat … Continue reading →

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The Long And Winding Road

Posted on April 21, 2016 by howesdubai

Emaar is in the news on several fronts this week. The Spanish architect, Santiago Calatrava Valls, will be responsible for building its latest project – a US$ 1 billion tower, supported by a matrix of cables. Slated to be taller … Continue reading →

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