Tag Archives: DFM

I Started a Joke

Posted on May 19, 2013 by howesdubai

Following their 2011 joint announcement, it seems that the Investment Corporation of Dubai-Brookfield real estate fund will soon become a reality. Both entities have agreed to seed the US$ 1 billion fund and will primarily invest in the local market … Continue reading →

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What’s Going On?

Posted on May 13, 2013 by howesdubai

Prior to the start of Arabian Travel Mart, HH Sheikh Mohammed bin Rashid Al Maktoum officially approved Dubai’s 2020 Vision for Tourism, which would see visitor numbers double to 20 million within the next seven years. The local tourist board, … 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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In Dreams

Posted on April 28, 2013 by howesdubai

Nobody seems to know how many new housing units will come on line this year, with estimates of between 12k and 48k but some figure like 25k a plausible outcome. This would see a 7% increase in supply, mainly to … Continue reading →

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All Shook Up

Posted on April 21, 2013 by howesdubai

Emaar’s latest foray into the property market comes days after the release of 188 townhouses in their Mira development which brought chaos and pandemonium to Dubai’s streets, with thousands of unhappy prospective buyers on the rampage to purchase a villa. … Continue reading →

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All or Nothing

Posted on April 14, 2013 by howesdubai

Last year saw a 13.9% surge in foreign direct investment into the UAE, rising from US$ 24.5 billion in 2011 to US$ 27.9 billion. The improving economic climate and Dubai becoming more of a safe haven for overseas funds are … Continue reading →

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Out of Time

Posted on April 7, 2013 by howesdubai

With Easter fast approaching, the local hospitality industry is bracing itself for another busy period. Apart from the influx of tourists, another sector is becoming an increasingly important driver in filling Dubai’s growing number of hotels and that is the … Continue reading →

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Don’t Look Back In Anger

Posted on March 23, 2013 by howesdubai

There is no doubt that the local tourism industry is booming and latest figures from the World Travel and Tourism Council just serve to confirm this. The massive impact this sector has on the economy can be gauged from the … Continue reading →

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Help!

Posted on March 16, 2013 by howesdubai

Last year, the UAE economy grew by 6.5% with GDP rising to US$ 375 billion, mainly because of higher oil prices and increasing investment from within the region moving to a comparatively safe zone. Saudi’s GDP accounted for 43.1% of … Continue reading →

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Goodbye Yellow Brick Wall

Posted on March 10, 2013 by howesdubai

There is no doubt that tourism is a major driver for the Dubai economy, epitomised by January’s  hotel occupancy, which rose to a giddy 89.6% –  helped along by the success of the month-long Dubai Shopping Festival which this year … Continue reading →

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