Tag Archives: Arabtec

Hold On

Posted on October 21, 2013 by howesdubai

A raft of property projects was announced at last week’s Cityscape including Crystal Lagoons building the world’s largest man-made lagoon (40 ha), in the new Mohammed bin Rashid City, featuring beaches and waters similar to the Caribbean (at more than … Continue reading →

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Start Me Up

Posted on October 17, 2013 by howesdubai

This week saw the inevitable raft of new projects being announced that always coincides with Cityscape. Probably the most surprising property news of the week was Nakheel’s plan to restart work on the much delayed Palm Deira (now to be … Continue reading →

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Here We Go Round The Mulberry Bush

Posted on October 8, 2013 by howesdubai

The latest industry market report indicates that property prices continue to surge – up 42% over the past year. The usual factors driving prices are in evidence – political stability, buoyant local economy, growing demand, 2020 Expo etc. However such … Continue reading →

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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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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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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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Shelter From The Storm

Posted on June 10, 2013 by howesdubai

The major news story of the week came with the announcement that Dubal, 100% owned by the  Investment Corporation of Dubai, was going to merge with Emirates Aluminium (Emal) – a 50:50 JV between Abu Dhabi’s Mubadala and Dubal. The … Continue reading →

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What’s Up?

Posted on May 29, 2013 by howesdubai

In only its fourth year of operations, it seems that flydubai will be make an even bigger profit than the US$ 41.4 million made for the year ending 30 June 2012. Last year, the carrier saw passenger traffic at over … Continue reading →

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Tell Me When

Posted on May 5, 2013 by howesdubai

Latest figures coming out of Dubai Land Department show that Q1 residential transactions reached US$ 1.28 billion – a 51.6% hike on corresponding 2012 returns. The total number of realty transactions was even more impressive with 14,260 transactions amounting to … Continue reading →

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