Author Archives: howesdubai

Don’t Stop Me Now

Posted on October 3, 2013 by howesdubai

Now officially the emirate’s largest free zone – with over 7,300 registered companies – DMCC have contracted Brookfield Multiplex to design and construct ‘One JLT’, a glass-box style building. On completion, this impressive world-class building will cover 23.4k sq mt … Continue reading →

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Shiny Happy People

Posted on September 14, 2013 by howesdubai

Scarcely a week goes by without some report reaffirming the buoyancy of the Dubai real estate sector; the latest, that house prices are rising faster than anywhere else on the planet. With an annual 21.7% surge in the year to … Continue reading →

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You’re So Vain

Posted on September 10, 2013 by howesdubai

After a relatively quiet period of reported new projects, Arady Developments – a JV between Deyaar Development and Dubai Properties Group – announced the launch of a 48-storey residential tower. Located in the Dubai International Financial Centre, this forms part … Continue reading →

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Money, Money, Money

Posted on September 2, 2013 by howesdubai

Every month this year, consumer spending has shown marked increases – with June the largest on record as personal expenditure reached US$ 1.0 billion, with the H1 total at US$ 4.2 billion. Amazingly, this sum equates to all the spending … Continue reading →

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Should I Stay or Should I Go?

Posted on August 26, 2013 by howesdubai

According to UK press reports,the 80-floor Dubai Dynamic Tower, designed by Florentine architect David Fisher, is estimated to cost US$ 545 million and could be ready within two years. Its unique selling point is that each individual floor will rotate … Continue reading →

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Walk Away

Posted on August 21, 2013 by howesdubai

Nakheel has issued a tender for piling works – a precursor for work to finally start on its US$ 680 million mall development at the end of Palm Jumeirah. The project, including a 200-room five star hotel, serviced apartments and … Continue reading →

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A Dedicated Follower of Fashion

Posted on August 10, 2013 by howesdubai

Dubai’s hospitality sector continues to confound its critics with all pointers showing sustained growth patterns – in June, occupancy rates by 3.6% to 79.2%, Average Room Rates (ARR) by 6.2% to US$ 207.29 and Revenue per Available Room (RevPAR) by … Continue reading →

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Catch Us If You Can

Posted on August 3, 2013 by howesdubai

To many observers, the local property market is perhaps growing at a faster rate than would be considered appropriate, bearing in mind that it is less than five years since over-inflated property prices saw a 50% diminution and brought Dubai … Continue reading →

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Heart of Gold

Posted on July 28, 2013 by howesdubai

Just as one famous ocean-going liner, the QE2, leaves these shores, there are plans to bring another one to Dubai. Australian business tycoon, Clive Palmer, is to build an exact replica of the Titanic – with work commencing soon at … Continue reading →

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I Believe in Miracles

Posted on July 22, 2013 by howesdubai

The bounce back in local real estate can be gleaned from the fact that Dubai Land Department recorded a 30% surge in H1 business transactions, reaching US$ 29.4 billion. There was an even larger amount in the number of properties … Continue reading →

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