Tag Archives: DFM

Tragedy!

Posted on June 27, 2015 by howesdubai

The Dubai doomsayers, who were predicting a 2015 30% property crash, still await their day in the sun, as latest figures from Knight Frank’s Global House Price Index indicate only a 6.1% annual slowdown. However, on a global scale the … Continue reading →

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Say Goodbye

Posted on June 24, 2015 by howesdubai

In a busy week, HH Sheikh Mohammed bin Rashid Al Maktoum has met with Queen Elizabeth, the Polish president, Bronislaw Komorowski, (on a two-day trade visit) and visited the Milano Expo for a further two days; there he announced that he … Continue reading →

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Someone New

Posted on June 9, 2015 by howesdubai

As expected, April turned out to be a dismal month for the hospitality sector as profitability indices sank by 19.5%. Occupancy, Average  Room Rates and Rev PAR all headed south – 0.5% to 84.9%, 12.8% to US$ 374 and 13.5% … Continue reading →

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Livin’ On Borrowed Time

Posted on May 29, 2015 by howesdubai

This weekend, Emaar will launch its latest project, located in the Opera District of Dubai. The twin towers – of 50 and 70 storeys – will comprise 1-4 bedroom apartments and will overlook the upcoming 2k-seat opera house. Al Barari has released … Continue reading →

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Summer In The City

Posted on May 24, 2015 by howesdubai

Another report shows that the much vaunted major correction in residential prices has yet to arrive. Cluttons indicated that Dubai prices fell by only 0.8% in Q1, and only 0.5% lower over the past twelve months. However, it was noted … Continue reading →

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Art For Art’s Sake

Posted on May 20, 2015 by howesdubai

The latest annual US$ 1.5 billion profit from Emirates has given two major stakeholders a welcome boost. The owners, ICD, saw its dividend increase to US$ 1 billion, whilst the 84.2k staff members were rewarded with a US$ 272 million … Continue reading →

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Things Can Only Get Better!

Posted on April 27, 2015 by howesdubai

Emirates is reportedly looking at ordering a further 200 neo Airbus 380s but is still awaiting further information from the European plane maker on enhancement details. Last week, the airline confirmed the US$ 9.2 billion Rolls Royce order to supply … Continue reading →

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Free Fallin’

Posted on April 21, 2015 by howesdubai

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 howesdubai

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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No Shelter From The Storm

Posted on April 7, 2015 by howesdubai

A recent bullish report by the influential Oxford Business Group indicates that Dubai is set for steady growth over the next two years. The study Indicated that investment in five sectors – capital markets, maritime, transport, real estate and retail … Continue reading →

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