Tag Archives: Damac

The Lights All Went Out in Massachusetts

Posted on May 29, 2020 by

The Lights All Went Out In Massachusetts                                                28 May 2020 According to Property Finder, and despite the Covid-19 economic impact, there were still 1.8k property sales last month, worth US$ 1.0 billion, of which 70% were off-plan and the rest … Continue reading →

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In The Summertime

Posted on April 17, 2017 by

Chestertons reported a marked improvement in the local realty sector, with off plan sales up 45%, an overall Q1 transactional activity higher by 25% and a 4% hike in the number of transactions for ready property. There was a 31% … Continue reading →

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Days Are Numbered!

Posted on December 29, 2016 by

HH Sheikh Mohammad Bin Rashid Al Maktoum has approved Dubai’s US$ 12.9 billion 2017 budget which, as expected, sees a marked 27% expansion in infrastructure expenditure, in line with the 2021 Strategic Plan. Consequently, the budget allocation is US$ 272 … Continue reading →

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A Drop In The Ocean!

Posted on May 22, 2016 by

Last year, CBRE predicted 20k new residential units would be completed – the figure turned out to be less than 10k. This year, the consultancy estimates 15k new properties for Dubai. If the emirate is set to grow at 6% … Continue reading →

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Move On!

Posted on December 5, 2015 by

HH Sheikh Mohammed bin Rashid Al Maktoum donated his riding helmet to a fundraising auction organised by the Al Jalila Foundation. The charity, founded in 2013 and named after his daughter, benefitted by a massive US$ 6.5 million – probably making it the most … Continue reading →

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So Far Away!

Posted on July 9, 2015 by

It seems that Dubai Sports City is in serious discussions with financiers for a new 60k-seat football stadium, that would complement their existing 25k-capacity cricket ground and the Els Golf Course. Design work has been completed and the proposed facility … Continue reading →

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Giving It All Away

Posted on July 6, 2015 by

Dubai has announced the construction of the first functional 3-D building in the world. The whole 2k sq ft project – building, fit-out and furniture – will be printed on a massive 20’ high 3D printer. This development is an … Continue reading →

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Free Fallin’

Posted on April 21, 2015 by

Tomorrow (Friday), Emirates will award a massive engine order for fifty of its Airbus 380s to Rolls Royce, in a deal estimated to be worth in the region of US$ 9.2 billion. That being the case, it will be a … Continue reading →

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Don’t Ask Me Why

Posted on April 12, 2015 by

HH Sheikh Mohammed bin Rashid Al Maktoum made a visit to Nakheel offices this week and was updated on their future developments. Over the next three years, the company expects to spend US$ 3.8 billion on various projects, including the … Continue reading →

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What We Ain’t Got!

Posted on March 29, 2015 by

HH Sheikh Mohammed bin Rashid Al Maktoum launched the 22 million sq ft phase 2 expansion of Dubai Healthcare City which will cost up to US$ 1.36 billion. It will include the Nashami health project as well as retail and … Continue reading →

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