Author Archives: howesdubai

So Wake Me Up When It’s All Over!

Posted on December 3, 2014 by howesdubai

It is five years ago this week (25 November 2009) when the emirate shook the financial world as Dubai World declared that it was not in a position to repay its then debts. A lot has obviously changed since then … Continue reading →

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Red Light Spells Danger!

Posted on November 30, 2014 by howesdubai

Dubai Land Department, through its 2011 Tanmia initiative, has announced the revival of a further 43 previously stalled projects, valued at US$ 2.72 billion. The DLD has been acting as a mediator to solve any issues, between investors and developers, … Continue reading →

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God Bless America!

Posted on November 24, 2014 by howesdubai

Tuesday saw HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum officially open phase 1 of  the US$ 1.1 billion Dubai Tram system. Eleven must be somebody’s lucky number because the operation started on the 11th day of the 11th month, serving … Continue reading →

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Hey, That’s No Way To Say Goodbye!

Posted on November 16, 2014 by howesdubai

At long last, there appeared to be some action taking place in Great Britain – an island on The World project. Drydocks World reportedly signed an agreement earlier in the week with the Q Group to provide technical support for … Continue reading →

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I Can’t Explain!

Posted on November 3, 2014 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum opened the 10th World Islamic Economic Forum this week in Dubai. The three-day event was attended by nine heads of state, along with over 2k delegates, and showcased the importance of the city as … Continue reading →

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If I Were A Rich Man

Posted on October 26, 2014 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum announced a seven-year plan to make the UAE one of the leading innovative countries in the world. His National Innovation Strategy will focus on seven main areas – education, health, renewable energy, space, … Continue reading →

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Rolling In The Deep

Posted on October 20, 2014 by howesdubai

This week, Emaar’s directors approved a special cash dividend of US$ 2.46 billion, following a US$ 2.2 billion pay-out earlier in the year As at 16 October, the developer’s market capitalisation was US$ 19.3 billion, down some US$ 3.0 billion … Continue reading →

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A Bad Moon Rising

Posted on October 18, 2014 by howesdubai

Nakheel reported a 46.9% surge in profits to US$ 708 million for the first nine months of 2014. This improvement was aided by a handover of 950 properties and a strong performance from its retail sector.  Although it has paid … Continue reading →

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You Can’t Get Me I’m Part Of The Union

Posted on October 10, 2014 by howesdubai

Two events have reaffirmed the buoyancy and confidence in Dubai’s resurgence: last week’s Cityscape unveiling of 27 projects, totalling US$ 10.9 billion, and Emaar Malls Group’s recent successful IPO. With the institutional side of the sale being 30 times oversubscribed … Continue reading →

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Oh What A Circus!

Posted on September 30, 2014 by howesdubai

The circus came to town this week in the shape of the 13th Global Cityscape – 25% bigger than last year (using 31k sq mt of hall space) and the largest since the hedonistic days of 2008. With 280 exhibitors and … Continue reading →

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