Author Archives: howesdubai

I Heard It Through The Grapevine

Posted on July 16, 2014 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum stunned everybody with his latest announcement – the world’s largest (covering 48 million sq ft) and first temperature-controlled city – Mall of the World. There will be many components to the new US$ … Continue reading →

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A Hard Rain’s Gonna Fall

Posted on July 6, 2014 by howesdubai

It seems that the government has been successful in its aim to take the heat out of the burgeoning property market. A mere 1% hike in Q1 prices indicates that the introduction of a mortgage cap, along with the doubling … Continue reading →

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Down, Down (Deeper and Down)

Posted on June 30, 2014 by howesdubai

Following his May US$ 2.2 billion endorsement for Dubai Holding’s Jumeirah Group’s expansion plans, HH Sheikh Mohammed bin Rashid has approved the addition of a further 350 rooms for the 15-year old Jumeirah Beach Hotel. The complex, due to open … Continue reading →

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The Circle Game

Posted on June 29, 2014 by howesdubai

The following article was written over nine years ago and serves to show the cyclical nature of Dubai’s economy. Looking beyond short-term gains By Tim Howe, Special to Gulf News Published: 12:00 April 17, 2005 There is no doubt that … Continue reading →

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Baby – What A Big Surprise

Posted on June 19, 2014 by howesdubai

The 80-day on-going maintenance work at Dubai International has cut the facility’s capacity by 20% and, as a result, London Heathrow will maintain its number one position as the world’s busiest airport in 2014. But by this time next year, … Continue reading →

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Fernando

Posted on June 10, 2014 by howesdubai

Although relatively quiet by recent Dubai standards, annual property price rises, at 27.7%, are still the highest in the world. However, according to the latest Knight Frank’s Global House Price Index, Q1 increases at 3.4% were 63% down on the … Continue reading →

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Red Red Wine

Posted on June 4, 2014 by howesdubai

To be connected to the mainland by a 300 mt bridge, developer, Meraas Holding, has announced that Bulgari will manage its new 100-room luxury island hotel and twenty residential villas. The development, along with a marina, is located off Jumeirah … Continue reading →

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Desert Rose

Posted on May 28, 2014 by howesdubai

The Ruler launched the World Free Zones Organisation, attended by representatives from fourteen global free zones. The new body, with Dr Mohammed Al Zarooni as its first chairperson, will have its HQ in Dubai and will be open to any … Continue reading →

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Blue Moon

Posted on May 19, 2014 by howesdubai

The Dubai Ruler has approved a US$ 545 million Creekside development by Meraas Holding, along a 1.8km stretch in the Al Fahidi area. The exciting project will take two years to complete and will include art galleries, a floating market, … Continue reading →

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Flying High Again

Posted on May 10, 2014 by howesdubai

Emirates’ annual revenue grew by 13.0% to US$ 22.5 billion, as the airline saw its profits jump 42.5% to US$ 887 million, forming a large part of the Group’s overall profit of US$ 1.1 billion. With a 13.0% increase in … Continue reading →

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