Author Archives: howesdubai

Both Sides The Tweed

Posted on September 20, 2014 by howesdubai

It has been yet another busy week for HH Sheikh Mohammed bin Rashid Al Maktoum as he has reviewed and given his seal of approval to several projects, the largest of which was a for Royal Atlantis Resort on Palm … Continue reading →

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Under African Skies

Posted on September 16, 2014 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum has approved a massive US$ 32.7 billion expansion plan for Dubai World Central which, on completion of phase 1, will accommodate 120 million passengers. The facility will cover an area of 56 sq … Continue reading →

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Time After Time

Posted on September 10, 2014 by howesdubai

Nakheel is going ahead with another Palm Jumeirah project for 130 apartments. Costing US$ 20.4 million, the 12-storey tower will be built by Trojan General Contracting and should be ready within two years. The Dubai-based developer has also opened its first … Continue reading →

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Foxy Lady

Posted on September 1, 2014 by howesdubai

There is no doubt that the aviation sector is feeling the pinch from current geo-political, health and climatic issues. With conflict areas – such as eastern Ukraine and northern Iraq – becoming no-fly zones, airlines have had to take expensive … Continue reading →

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Non, Je Ne Regrette Rien!

Posted on August 31, 2014 by howesdubai

The boom in the luxury vehicle sector continues at an ever-increasing pace. Rolls Royce recorded a July sales hike of 117% and Lexus came in with a 26% rise in H1 revenue, whilst Bentley recorded a 29% jump in UAE … Continue reading →

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Just Can’t Get Enough

Posted on August 23, 2014 by howesdubai

Damac reported a healthy 39% boost in H1 profits to US$ 463 million as revenue jumped 59% to US$ 991 million, with Q2 returns of US$ 253 million and US$ 556 million respectively – both up on Q1’s US$ 210 … Continue reading →

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We Can Work It Out

Posted on August 11, 2014 by howesdubai

The Indian-based Hiranandani Group has signed a management agreement with Accor to develop a 350-room Ibis hotel in Downtown Dubai. This is yet another indicator that Dubai’s hospitality sector is in need for hotels in the budget price range, as … Continue reading →

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Danger Zone

Posted on August 7, 2014 by howesdubai

The last week of July saw the Q2 reporting season in full swing with Arabtec, Emirates NBD, Emirates Islamic and Du announcing their latest results. Arabtec – which has dominated the financial press recently for all the wrong reasons – … Continue reading →

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Good Riddance (Time of Your Life)

Posted on July 24, 2014 by howesdubai

Dubai Land Department reported that H1 real estate transactions totalled US$ 30.8 billion, of which US$ 14.2 billion occurred in Q2 indicating a slowdown compared to the previous quarter. The 6.9k mortgage deals, totalling US$ 12.9 billion, accounted for nearly … Continue reading →

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Life On Mars

Posted on July 22, 2014 by howesdubai

Following Emirates’ announcement earlier in the month, confirming its order for 150 Boeing 777X aircraft, the airline has signed a 12-year, US$ 13 billion maintenance and repair agreement with GE for the 300 GE9X engines that it ordered last November, … Continue reading →

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