Author Archives: howesdubai

From Russia With Love

Posted on May 3, 2014 by howesdubai

On Thursday, Dubai International started 80 days’ runway maintenance that will see services curtailed, cancelled or moved to Dubai World Central. (Emirates have announced that it will cut 5.4k flights over this period).  Consequently, it is unlikely that passenger traffic … Continue reading →

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Fire and Rain

Posted on May 1, 2014 by howesdubai

Emaar Properties showed a US$ 235 million Q1 profit, up 55.2% year on year, on a 7% hike in revenue to US$ 615 million. Furthermore sales at US$ 1.61 billion were a massive 94% higher than the corresponding period in … Continue reading →

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Livin’ On The Edge

Posted on April 27, 2014 by howesdubai

Nakheel has announced a tender for the design and construction of a 6 mt wide, 11 km long boardwalk on the outer side of the Palm Jumeirah crescent. It will also include two 100 mt long piers which will encompass … Continue reading →

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On The Road Again

Posted on April 20, 2014 by howesdubai

The importance of the gold trade to the local economy was reinforced with news that almost 40% of the global market in the precious metal was carried out in Dubai. It is amazing to consider that only ten years ago, … Continue reading →

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Catch Us If You Can

Posted on April 7, 2014 by howesdubai

Following its September 2013 off plan sale, when 262 townhouses were sold in a day, Nakheel has finally awarded Ginco General Contracting a US$ 191 million contract for the construction of 936 units in its Warsan Village development. The project … Continue reading →

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On Top Of The World

Posted on March 29, 2014 by howesdubai

February proved another lucrative month for Dubai’s hospitality sector with impressive rises in occupancy, 0.7% to 88.6%, ADR (average daily rate), 10.7% to US$ 300, and RevPAR (revenue per available room), 11.5% to US$ 266. Increases in demand at 7.1% … Continue reading →

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Won’t Get Fooled Again

Posted on March 26, 2014 by howesdubai

This week, HH Sheikh Mohammed bin Rashid al Maktoum approved a US$ 136 million plan to build a 1.4 km bridge from JBR to the upcoming Bluewaters Island, with further access by footbridge and monorail.  The US$ 1.6 billion project, … Continue reading →

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How Bizarre

Posted on March 15, 2014 by howesdubai

Boeing seem to be having continuous problems with its new 787 Dreamliner – the latest being hairline cracks in the wings, manufactured by Mitsubishi. Another minor problem is that Emirates apparently have yet to sign off on their US$ 76 … Continue reading →

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Back In The USSR

Posted on March 9, 2014 by howesdubai

Knight Frank’s 2014 Wealth Report shows that Dubai had the seventh biggest annual increase in the global prime luxury market. At 17.0%, it was a lot lower than the likes of the top three – Jakarta, Auckland and Bali at … Continue reading →

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The Show Must Go On

Posted on March 5, 2014 by howesdubai

On Sunday, Nakheel paid off more than a third of a loan that was not due for repayment until September 2015. The US$ 640 million early settlement is an indicator that the developer has recovered from its enforced August 2011 … Continue reading →

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