Category Archives: Dubai economy

Easy Money

Posted on October 11, 2019 by howesdubai

Easy Money                                                                   10 October 2019 The Sheikh Zayed Housing Programme has approved 522 housing assistance applications for Emirati citizens, totalling US$ 111 million; the initiative is in conjunction with housing institutions around the UAE. Encompassing three residential districts, the … Continue reading →

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Counting Airplanes

Posted on October 4, 2019 by howesdubai

Counting Airplanes                                                        04 October 2019 HH Sheikh Mohammed bin Rashid Al Maktoum has vowed to create 20k new jobs for Emiratis, over the next three years, in a wide range of sectors including aviation, banking, insurance, real estate and … Continue reading →

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A Spaceman Came Travelling (Hazza Al Mansouri)

Posted on September 27, 2019 by howesdubai

A Spaceman Came Travelling (Hazza Al Mansouri )          26 September 2019 More than one hundred developers, consultants and architects showcased at this year’s three-day Cityscape Global exhibition, which will close tomorrow – 27 September. Developers are hoping to incentivise potential buyers at … Continue reading →

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Suspicious Minds

Posted on September 20, 2019 by howesdubai

Suspicious Minds                                                      19 September 2019 A new law has seen the Real Estate Regulatory Agency take over responsibility for regulating and overseeing all Dubai developers’ escrow accounts, with management being carried out by accredited financial institutions. Rera will also govern … Continue reading →

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Hope Springs Eternal

Posted on September 13, 2019 by howesdubai

Hope Springs Eternal                                                12 September 2019 Despite all the gloom around the realty sector, there have been recent glimpses that the worse may be over. Property Finder reported that over the summer quarter, (June – August), residential sales at 8.8k … Continue reading →

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Make The Money

Posted on September 6, 2019 by howesdubai

Make The Money                                                      05 September 2019 In an on-line letter, HH Sheikh Mohammed bin Rashid Al Maktoum addressed his “brothers and sisters” in a six-point document. One of his most interesting points was directed at government officials who he said … Continue reading →

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True Colours

Posted on August 30, 2019 by howesdubai

True Colours                                           29 August 2019 Finally, some good news for the Dubai realty sector, with a Knight Frank report that luxury property prices showed a 0.3% increase in Q2 (but still down 6.0% over the previous twelve months). However, the … Continue reading →

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The World’s Gone Crazy!

Posted on August 23, 2019 by howesdubai

The World’s Gone Crazy!                                          22 August 2019 Property Finder reports that villa transactions have increased 35% in H1, although prices are 4.3% lower than H2 2018, to US$ 233 per sq ft, driven by more affordable properties entering the market; … Continue reading →

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Handle With Care

Posted on August 17, 2019 by howesdubai

Handle With Care                                                           15 August 2019 Property Finder came out with staggering figures relating to Dubai’s reality, indicating that in H1, 21k residential units were completed, (16k apartments and 5k villas/townhouses), and that a further 38k are scheduled for … Continue reading →

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Handle With Care

Posted on August 16, 2019 by howesdubai

Handle With Care                                                           15 August 2019 Property Finder came out with staggering figures relating to Dubai’s reality, indicating that in H1, 21k residential units were completed, (16k apartments and 5k villas/townhouses), and that a further 38k are scheduled for … Continue reading →

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