Tag Archives: Burj Al Arab

Fog Has Lifted!

Reidin reports that 2016 Dubai freehold transactions, including both freehold and off-plan, fell by 2.3% over the year to 23.6k, with a value of US$ 9.9 billion – 16.3% lower than in 2015 (US$ 11.8 billion); off-plan sales were down … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , | Leave a comment

A Little Bit More

The Burj Al Arab has opened its much-vaunted 10k sq mt artificial island, built by the Finnish firm, Admares. Boasting two pools, private cabanas, dining options and a beach made from 1k tonnes of introduced white sand, annual membership rates … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , | Leave a comment

These Boots Are Made For Walkin!

There were fireworks this week as the country celebrated its 43rd National Day on 02 December and Burj Al Arab lit up the sky for its 15th birthday, a day earlier. Later in the week sees the Emirates Rugby 7s, the most … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , | Leave a comment

All Right Now

Now that property developer Limitless, a subsidiary of Dubai World, has restructured US$ 1.2 billion of debt, the company will soon come under the auspices of the Dubai government. In addition, it has fully cleared outstandings with 92% of its … Continue reading

Posted in Finance | Tagged , , , , , , , , , , | Leave a comment

Just One Cornetto

The big news of the week was HH Sheikh Mohammed bin Rashid Al Maktoum’s endorsement of the US$ 400 million plan to build a 2.8 km waterway that will connect Business Bay with the sea at Jumeirah 2. Within two … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , | Leave a comment