Tag Archives: Drake & Scull

These Boots Are Made For Walkin!

Posted on December 5, 2014 by howesdubai

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 →

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So Wake Me Up When It’s All Over!

Posted on December 3, 2014 by howesdubai

It is five years ago this week (25 November 2009) when the emirate shook the financial world as Dubai World declared that it was not in a position to repay its then debts. A lot has obviously changed since then … Continue reading →

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Red Light Spells Danger!

Posted on November 30, 2014 by howesdubai

Dubai Land Department, through its 2011 Tanmia initiative, has announced the revival of a further 43 previously stalled projects, valued at US$ 2.72 billion. The DLD has been acting as a mediator to solve any issues, between investors and developers, … Continue reading →

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God Bless America!

Posted on November 24, 2014 by howesdubai

Tuesday saw HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum officially open phase 1 of  the US$ 1.1 billion Dubai Tram system. Eleven must be somebody’s lucky number because the operation started on the 11th day of the 11th month, serving … Continue reading →

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If I Were A Rich Man

Posted on October 26, 2014 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum announced a seven-year plan to make the UAE one of the leading innovative countries in the world. His National Innovation Strategy will focus on seven main areas – education, health, renewable energy, space, … Continue reading →

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Rolling In The Deep

Posted on October 20, 2014 by howesdubai

This week, Emaar’s directors approved a special cash dividend of US$ 2.46 billion, following a US$ 2.2 billion pay-out earlier in the year As at 16 October, the developer’s market capitalisation was US$ 19.3 billion, down some US$ 3.0 billion … Continue reading →

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A Bad Moon Rising

Posted on October 18, 2014 by howesdubai

Nakheel reported a 46.9% surge in profits to US$ 708 million for the first nine months of 2014. This improvement was aided by a handover of 950 properties and a strong performance from its retail sector.  Although it has paid … Continue reading →

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You Can’t Get Me I’m Part Of The Union

Posted on October 10, 2014 by howesdubai

Two events have reaffirmed the buoyancy and confidence in Dubai’s resurgence: last week’s Cityscape unveiling of 27 projects, totalling US$ 10.9 billion, and Emaar Malls Group’s recent successful IPO. With the institutional side of the sale being 30 times oversubscribed … Continue reading →

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Under African Skies

Posted on September 16, 2014 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum has approved a massive US$ 32.7 billion expansion plan for Dubai World Central which, on completion of phase 1, will accommodate 120 million passengers. The facility will cover an area of 56 sq … Continue reading →

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Time After Time

Posted on September 10, 2014 by howesdubai

Nakheel is going ahead with another Palm Jumeirah project for 130 apartments. Costing US$ 20.4 million, the 12-storey tower will be built by Trojan General Contracting and should be ready within two years. The Dubai-based developer has also opened its first … Continue reading →

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