Author Archives: howesdubai

Fields Of Gold

Posted on January 31, 2016 by howesdubai

The number of overnight visitors to Dubai jumped 7.5% to 14.2 million last year – almost twice the rate the United Nations World Travel Organisation had forecast earlier. India (with 1.60 million tourists) finally overtook Saudi’s 1.54 million visitors, to … Continue reading →

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Life In The Fast Lane

Posted on January 24, 2016 by howesdubai

Last week, a report indicated that 2015 property sales for both Abu Dhabi and Dubai amounted to just 8k, whilst a new study this week points to 18.6k units. Phidar Advisory also reported that villa and apartment 2015 sales were … Continue reading →

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The Man Who Sold The World

Posted on January 17, 2016 by howesdubai

To the surprise of many real estate “experts”, who had forecast that 2015 would see as many as 30k units completed in Dubai, JLL reported that only 8k hit the market in both Dubai and Abu Dhabi, compared to 16k … Continue reading →

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I Wasn’t Expecting That

Posted on January 10, 2016 by howesdubai

According to the 2016 RERA (Real Estate Regulatory Authority) official index, apartment rents have fallen by between 4.5% -11.0% in some areas such as Business Bay (11.0%), International City and JLT (both – 10.0%), Downtown and Palm Jumeirah  (both – … Continue reading →

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Look On The Bright Side Of Life

Posted on January 3, 2016 by howesdubai

The New Year’s Eve fire at The Address received global attention and saw the world’s media at its worst. For instance, Sky News were reporting that the fire was at The Torch in JBR, some 20 km away, whilst its … Continue reading →

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Every Day’s Like Christmas!

Posted on December 27, 2015 by howesdubai

Despite not expecting to hand over any villas until next December, Al Barari has announced that almost 75% of its 203-home Ashjar project has been sold. The luxury Zaal Mohammad Zaal development consists of 13 low-rise buildings, each separated by … Continue reading →

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To Ring The Alarm!

Posted on December 20, 2015 by howesdubai

According to the latest CBRE ME report, prices of Dubai villas and apartments have seen annual falls of 14% and 16%, as total transactions have plummeted 33%. With an estimated 48k units being delivered over the next three years, it … Continue reading →

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Big Wheel Keep On Turnin’ – Proud Mary

Posted on December 17, 2015 by howesdubai

The less said about Donald Trump the better . .   . UAE is thought to be the most generous country in the world, having donated US$ 47.4 billion since its 1971 foundation. Latest figures indicate that 64.1% of aid is … Continue reading →

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Let The Sun Shine In!

Posted on December 8, 2015 by howesdubai

In a bid to make the emirate a global centre for clean energy and green economy, HH Sheikh Mohammed bin Rashid Al Maktoum has launched the US$ 13.6 billion Dubai Clean Energy Strategy 2050. Its main target is to ensure that … Continue reading →

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Move On!

Posted on December 5, 2015 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum donated his riding helmet to a fundraising auction organised by the Al Jalila Foundation. The charity, founded in 2013 and named after his daughter, benefitted by a massive US$ 6.5 million – probably making it the most … Continue reading →

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