Category Archives: Finance

Should I Stay or Should I Go?

Posted on August 26, 2013 by howesdubai

According to UK press reports,the 80-floor Dubai Dynamic Tower, designed by Florentine architect David Fisher, is estimated to cost US$ 545 million and could be ready within two years. Its unique selling point is that each individual floor will rotate … Continue reading →

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Walk Away

Posted on August 21, 2013 by howesdubai

Nakheel has issued a tender for piling works – a precursor for work to finally start on its US$ 680 million mall development at the end of Palm Jumeirah. The project, including a 200-room five star hotel, serviced apartments and … Continue reading →

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A Dedicated Follower of Fashion

Posted on August 10, 2013 by howesdubai

Dubai’s hospitality sector continues to confound its critics with all pointers showing sustained growth patterns – in June, occupancy rates by 3.6% to 79.2%, Average Room Rates (ARR) by 6.2% to US$ 207.29 and Revenue per Available Room (RevPAR) by … Continue reading →

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Catch Us If You Can

Posted on August 3, 2013 by howesdubai

To many observers, the local property market is perhaps growing at a faster rate than would be considered appropriate, bearing in mind that it is less than five years since over-inflated property prices saw a 50% diminution and brought Dubai … Continue reading →

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Heart of Gold

Posted on July 28, 2013 by howesdubai

Just as one famous ocean-going liner, the QE2, leaves these shores, there are plans to bring another one to Dubai. Australian business tycoon, Clive Palmer, is to build an exact replica of the Titanic – with work commencing soon at … Continue reading →

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I Believe in Miracles

Posted on July 22, 2013 by howesdubai

The bounce back in local real estate can be gleaned from the fact that Dubai Land Department recorded a 30% surge in H1 business transactions, reaching US$ 29.4 billion. There was an even larger amount in the number of properties … Continue reading →

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Here, There and Everywhere

Posted on July 19, 2013 by howesdubai

The next chapter in the history of the QE2 has been written with news that it is currently being converted into a luxury floating hotel at Drydocks World. In October, it will set sail for Singapore and from there to … Continue reading →

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Reason To Believe

Posted on July 11, 2013 by howesdubai

The property boom continues unabated with May seeing a jump in prices of 2.01% over the previous month – with apartments and villas up 2.13% and 1.56% respectively. On an annual basis, the trend was similar at 17.3% and 12.2%. … Continue reading →

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I Can See Clearly Now

Posted on June 28, 2013 by howesdubai

May was another great month for Dubai’s burgeoning hospitality sector with returns showing an 18.8% hike in hotels’ RevPAR (Revenue per available room) to US$ 173.09. ADR (average daily rate) also had a double-digit growth to US$ 216.22. There will … Continue reading →

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Against The Wind

Posted on June 16, 2013 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum is to develop a one-stop, full-service, commercial hub to accommodate the emirate’s rapidly developing fashion and design business. TECOM, a subsidiary of Dubai Holding, will operate the Dubai Design District and invest US$ … Continue reading →

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