Category Archives: Finance

The Winner Takes It All

Posted on March 10, 2018 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum announced this week that all federal government fees will not be increased for the next three years. According to his Twitter account, he commented that “we decided not to increase the federal fees … Continue reading →

Posted in Finance | Tagged Arabtec, DFM, Drake & Scull, Dubai, Dubai Financial Market, Emaar, Emirates, emirates airline, Emirates NBD, HH Sheikh Mohammed bin Rashid Al Maktoum, Nakheel, UAE | Leave a comment

Keep The Customer Satisfied!

Posted on March 4, 2018 by howesdubai

There were reports that there could be changes, relating to the sale of future off-plan projects which could be beneficial for the consumer. A possible proposal was that off-plan projects would need to achieve 50% completion, prior to any sales … Continue reading →

Nkosi Sikeleli Africa!

Posted on February 24, 2018 by howesdubai

This week saw the RTA trial the world’s first autonomous pods, in cooperation with Next Future Transportation. Weighing 1.5k kg and carrying up to ten passengers, each pod can travel at 20 kph and can operate for three hours before … Continue reading →

Sailing!

Posted on February 12, 2018 by howesdubai

Another global brand is set to enter the emirate’s hotel sector as Omniyat announce the launch of a 5-star hotel and luxury residences managed by Dorchester Collection. This will be the first of several regional projects planned between the two … Continue reading →

Posted in Finance | Tagged Arabtec, DFM, Drake & Scull, Dubai, Dubai Financial Market, Emaar, Emirates, emirates airline, Emirates NBD, HH Sheikh Mohammed bin Rashid Al Maktoum, UAE | Leave a comment

You’ve Got Your Troubles

Posted on February 8, 2018 by howesdubai

According to recent data from Dubai Land Development the property market is on the rebound, as H1 transactions were 16.8% higher at US$ 36.0 billion compared to H1 2016. With increased government spending and the upcoming Expo, the sector will … Continue reading →

American Dream

Posted on January 28, 2018 by howesdubai

Following recent bleakish reports by several consultancies on the state of Dubai’s realty sector in 2018, it is refreshing to read that at least one, PropertyFinder, indicating that it is not all doom and gloom. Whilst conceding that 2017 prices … Continue reading →

Posted in Finance | Tagged Arabtec, DFM, Drake & Scull, Dubai, Dubai Financial Market, Emaar, Emirates, emirates airline, Emirates NBD, Nakheel, UAE | Leave a comment

What About Us?

Posted on January 26, 2018 by howesdubai

10% of Dubai’s total land area is to be given over to the Marmoom Reserve project which was launched by HH Sheikh Mohammed bin Rashid Al Maktoum this week. Sponsored by nine government agencies, the unfenced desert conservation reserve will … Continue reading →

Reasons To Be Cheerful

Posted on January 19, 2018 by howesdubai

There was a 6.0% increase in the number of Dubai realty transactions to 69k last year, with the value 4.0% higher at US$ 77.8 billion, reflecting the continued growth in the sector. Of the total transactions, the biggest contributor was … Continue reading →

Something Just Like This

Posted on January 15, 2018 by howesdubai

VAT kicked off in the UAE – and Saudi Arabia – on Monday, with a standard 5% rate. The country’s coffers are expected to be boosted by US$ 3.3 billion in the first year of operations. Most goods and services … Continue reading →

Different Drum

Posted on January 7, 2018 by howesdubai

Following a visit by HH Sheikh Mohammed bin Rashid Al Maktoum, it has been announced that the emirate’s latest tourist attraction – the Dubai Frame – will open on 31 December. Located in Zabeel Park, it has two 150 mt … Continue reading →