Category Archives: Dubai economy

Magical Mystery Tour

Posted on January 1, 2021 by howesdubai

Magical Mystery Tour!                                                                      01 January 2021 Located in the heart of Jebel Ali, Azizi Developments officially inaugurated Aura, a 479-unit, 18-storey development, comprising 349 studio, 87 1 B/R and 43 2 B/R apartments. The project is a freehold residential … Continue reading →

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Go Your Own Way!

Posted on December 25, 2020 by howesdubai

Go Your Own Way!                                                                        25 December 2020 For the latest week ending 24 December, real estate and properties transactions were valued at US$ 1.25 billion, including 92 plots selling for US$ 131million, along with 808 apartments/villas for US$ 360 million. … Continue reading →

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Time Is Running Out!

Posted on December 18, 2020 by howesdubai

Time Is Running Out!!                                                                       17 December 2020 The latest Valustrat report points to a stabilisation in property prices in 2021 with two caveats – the economy recovers from the pandemic-induced slowdown and government initiatives, including overseas visas for expatriate retirees … Continue reading →

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Found Shelter From The Storm

Posted on December 11, 2020 by howesdubai

Found Shelter From The Storm                                                       10 December 2020 Because of an oversupply in the Dubai market, Emaar Properties announced the halting of all new projects. For the past six years, the sector has laboured through a construction boom, that has … Continue reading →

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Ain’t No Stopping Us Now!

Posted on December 3, 2020 by howesdubai

Ain’t No Stoppin’ Us Now!                                                                      03 December 2020 By the end of October, the Dubai Land Department (DLD) had recorded a total of 3.4k monthly sales transactions, worth US$ 1.9 billion, and a ten-month total of 27.8k, valued at US$ … Continue reading →

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I Read The News Today, Oh Boy, 4,000 Holes In Blackburn, Lancashire 26 November 2020

Posted on November 27, 2020 by howesdubai

I Read The News Today, Oh Boy, 4,000 Holes In Blackburn, Lancashire In hopefully what is a minor blip, October saw Dubai property prices dipping 1.0% to US$ 222 per sq ft, as there were lower transactions of 3.5k, (down … Continue reading →

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No Face, No Name, No Number.

Posted on November 20, 2020 by howesdubai

. No Face, No Name, No Number.                                                           19 November 2020 According to DLD statistics, the top five nationalities, investing in the local property market last year, were Indians, Emiratis, Saudis, Chinese and the British.  Figures involved were 5.3.k and … Continue reading →

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Do You Want To Know A Secret?

Posted on November 13, 2020 by howesdubai

Do You Want To Know A Secret?                                                    12 November 2020 Since pandemic-related restriction movements were eased in August, Dubai’s residential property market has reported an increase in transactions, but prices have continued to fall, as a result of weaker macroeconomic … Continue reading →

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Lucy In. The Sky With Diamonds!

Posted on November 6, 2020 by howesdubai

Lucy In The Sky With Diamonds!                                                             05 November 2020 Property Finder reports that, quarter on quarter, the value of Q3 property transactions leapt 65% to US$ 4.9 billion, and deals by 55% to 8.7k, indicating that an economic recovery, … Continue reading →

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Long Long Winter

Posted on October 30, 2020 by howesdubai

Long Long Winter                                                                                         29 October 2020 The DLD released Q3 figures showing that despite the negative impact of the pandemic, the value of property transactions in Dubai jumped, quarter on quarter, by over 65% to over US$ 4.9 billion, … Continue reading →

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