Category Archives: Dubai economy

Suspicious Minds

Posted on March 12, 2021 by howesdubai

Suspicious Minds                                                                              11 March 2021 February was another good month for the Dubai property sector. Month on month, there was a 15.6% hike in the number of property transactions to 3.8k, along with a 10.6% rise in the value of … Continue reading →

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Mother’s Little Helper

Posted on March 5, 2021 by howesdubai

Mother’s Little Helper                                                                                           04 March 2021 According to the latest S&P Global Ratings report, Dubai’s Covid-battered economy will not return to 2019 levels until 2023, whilst key sectors – including hospitality, real estate, retail and tourism – will remain … Continue reading →

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You’ll Be The One Who’ll Lose!

Posted on February 26, 2021 by howesdubai

You’ll Be The One Who’ll Lose                                                         26 February 2021 Sobha, which is building the US$ 4 billion Sobha Hartland project, near to MBR City, confirmed that the company’s partnership with state-owned Dubai developer Meydan ended “in an amicable way” after … Continue reading →

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Good Day Sunshine!

Posted on February 19, 2021 by howesdubai

Good Day Sunshine!                                                                          19 February 2021 Positive news on the Dubai property front saw January secondary/ready properties transactions jump to its highest level since March 2014, with a total of total of 3.3k sales transactions, worth US$ 1.84 billion. Compared … Continue reading →

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No Woman, No Cry

Posted on February 13, 2021 by howesdubai

  No Woman, No Cry                                                                                       12 February 2021 The latest weekly value of Dubai real estate transactions totalled more than US$ 900 million, including US$ 384 million relating to 802 real estate sales, (villas/apartments), US$ 439 million for registration of … Continue reading →

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Truth Hurts

Posted on February 5, 2021 by howesdubai

Truth Hurts                                                                            05 February                              On the back of some positive drivers, (including public infrastructure spending, trade growth nudging higher, lower entry property prices and expat-friendly changes to certain legislation), the Dubai real estate sector looks set for a … Continue reading →

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Casino Royale

Posted on January 29, 2021 by howesdubai

Casino Royale                                                                                    29 January 2021 Leading portals, Bayut and Dubizzle, have reported that, last year, off-plan transactions accounted for 52.9% of total sales, equating to US$ 3.9 billion of the total of US$ 7.4 billion. It is estimated that … Continue reading →

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Waterloo

Posted on January 22, 2021 by howesdubai

Waterloo                                                                                            22 January 2021 JLL has come out and forecast that Dubai property prices are set to fall again in 2021 by between 5% to 8%, as excess supply remains the sector’s bugbear. According to Dana Salbak, head of research … Continue reading →

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Everybody Wants To Rule The World!

Posted on January 15, 2021 by howesdubai

Everybody Wants To Rule The World!                          Everybody Wants To Rule The World!                                                          15 January 2021 As Dubai property starts to recover, after nearly six years of bear trading, the value of Q4 Dubai property transactions, at US$ 6.0 billion, was … Continue reading →

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It’s A Man’s, Man’s, Man’s World!

Posted on January 8, 2021 by howesdubai

It’s A Man’s Man’s Man’s World                                                          08 January 2020 The big news of the week (and perhaps the year) was the signing of the AlUla Declaration at the conclusion of the GCC Summit, marking a definitive end to the … Continue reading →

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