Category Archives: Dubai economy

It’s About Change!

Posted on April 24, 2020 by howesdubai

It’s About Change                                                                                          23 April 2020 Ramadan Kareem! There was welcome news at the end of the week, with the Dubai authorities easing some of the restrictions as from tomorrow, Friday 24 April. For the first time in three weeks, … Continue reading →

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Wake Me Up When September Ends

Posted on April 17, 2020 by howesdubai

Wake Me Up When September Ends!                                                          16 April 2020 Q1 property handovers were 27.5% lower at 5k, compared to the same period last year – a possible indicator that the year-end total will be less than 2019’s 32k and … Continue reading →

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No Turning Back!

Posted on April 10, 2020 by howesdubai

                                                                                     No Turning Back! 09 April 2020. The Dubai week started with the much-expected announcement that the curfew would be extended for a further two weeks and that any individual would only be permitted to leave their home for stipulated … Continue reading →

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Exercise Caution In Your Business Affairs, For The World Is Full Of Trickery – Desiderata

Posted on April 3, 2020 by howesdubai

Exercise Caution In Your Business Affairs, For The World Is Full Of Trickery – Desiderata 02 April 2020 Damac Properties posted a US$ 10 million loss last year – a major slump from preceding years’ profits of US$ 314 million … Continue reading →

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It’s The End Of The World As We Know It!

Posted on March 27, 2020 by howesdubai

It’s The End of The World As We Know It!                                              26 March 2020 Savills hope that the current disruption to the local real estate sector will be short-lived and reckons that the Coronavirus threat does not point to a … Continue reading →

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Paperback Writer

Posted on March 20, 2020 by howesdubai

Paperback Writer                                                                              19 March 2020 Coronavirus came too early for the Dubai real estate sector which had been showing a marked improvement for the first two months of the year, with both January and February having significant increases of … Continue reading →

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Don’t Give Up On Us Now!

Posted on March 13, 2020 by howesdubai

Don’t Give Up On Us Now!                                                                            12 March 2020 Property Finder estimates that 179 projects are nearing completion and that 48.5k units could come on to the market by the end of September; this is just slightly less than the … Continue reading →

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Everybody Hurts 05 March 2020

Posted on March 6, 2020 by howesdubai

Everybody Hurts                                                                                           05 February 2020 JLL expects the real estate sector to continue at almost historic lows but will soon undergo a “period of stabilisation”, with the rate of decline  of sale and rent prices slowing; Q4 sales prices fell … Continue reading →

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If!

Posted on February 28, 2020 by howesdubai

If! 27 February 2020 As it extends an offer of a 50% finance facility, Samana Developments has launched its US$ 27 million Saman Golf Avenue project. Located in Dubai Studio City, the development, covering 80k sq mt, features 233 luxury … Continue reading →

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Pick Up The Pieces

Posted on February 21, 2020 by howesdubai

Pick Up The Pieces                                                                                         21 February 2020 Having just completed Samia, a 284-unit development in Al Furjan, Azizi Developments has announced that it hopes to finalise a further fourteen of fifty-four ongoing projects prior to the end of the year, … Continue reading →

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