Category Archives: Dubai economy

Land Of Make Believe

Posted on March 24, 2019 by howesdubai

Land of Make Believe                                                 21 Mar 2019 Photo Work is ahead of schedule on phase 1 of the US$ 820 million Mirdif Hills project, according to ECC Group who indicated that 70% of construction has been completed on Janayen Avenue … Continue reading →

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Throwing It All Away

Posted on March 20, 2019 by howesdubai

Throwing it All Away                                                           Because of the slowing construction and realty sectors, Moody’s expects that bank loan losses will inevitably grow, based on the fact that lending to real estate entities has increased to 20% of their total lending book … Continue reading →

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Don’t Play With Me

Posted on March 18, 2019 by howesdubai

Despite all the doom and gloom around, a positive note was sounded by Bayut.com’s CEO Haider Ali Khan who noted that the start of the year has witnessed positive growth in a selection of key Dubai developments. Although agreeing that … Continue reading →

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Paint It Black

Posted on June 15, 2012 by howesdubai

It comes as no surprise to hear of the IMF warning that the UAE could be hit by further deterioration in the eurozone crisis. Their report specifically highlighted Greece as the major source of “contagion risk” for Dubai and added … Continue reading →

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Here Comes the Sun

Posted on April 14, 2012 by howesdubai

With temperatures edging towards the 40 degree mark, there is no doubt that summer is on its way and DEWA can look forward to increased revenues! As the mercury climbs and the days get longer, the authorities may even consider … Continue reading →

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Glory Days

Posted on March 16, 2012 by howesdubai

There are several news items confirming that Dubai is striving to return to its former glory. First, the STR Global Report places Dubai hotels number 1 in the world when it comes to occupancy (86.2%) and Revenue per Room (RevPar) … Continue reading →

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