Tag Archives: Dubai Duty Free

Won’t Get Fooled Again

HH Sheikh Mohammed bin Rashid Al Maktoum has approved Dubai government’s 2015 budget that plans for 2,530 new jobs for Emiratis. With a forecast US$ 981 million surplus, this will be the first deficit free one since the GFC. The US$ … Continue reading

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So This Is Christmas

With the aim of synchronising and integrating all the emirate’s different public services, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has established the Dubai Open Data Committee. RTA’s Abdulla Al Madani will chair the agency which will include high-powered … Continue reading

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Catch Us If You Can

Following its September 2013 off plan sale, when 262 townhouses were sold in a day, Nakheel has finally awarded Ginco General Contracting a US$ 191 million contract for the construction of 936 units in its Warsan Village development. The project … Continue reading

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On Top Of The World

February proved another lucrative month for Dubai’s hospitality sector with impressive rises in occupancy, 0.7% to 88.6%, ADR (average daily rate), 10.7% to US$ 300, and RevPAR (revenue per available room), 11.5% to US$ 266. Increases in demand at 7.1% … Continue reading

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The Show Must Go On

On Sunday, Nakheel paid off more than a third of a loan that was not due for repayment until September 2015. The US$ 640 million early settlement is an indicator that the developer has recovered from its enforced August 2011 … Continue reading

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Don’t Look Back In Anger

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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We Are The Champions

Latest figures show that Dubai hotels are going from strength to strength with their best returns for three years. Occupancy levels hit 90.8% in November with average room rates up 3.1% to US$ 360.47 with even bigger leaps in revenue … Continue reading

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Telegram Sam

The impact that Emirates has on the local economy is staggering and the realty, retail, hospitality and trade sectors owe much of their recent success to the expansion, exploits and expertise of the local carrier. The aviation sector contributes US$ … Continue reading

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Jump

What a week for mega projects! First came the news of a multi-billion dollar development, dubbed Mohammed bin Rashid City, comprising the Mall of the World, which would overtake Dubai Mall as the largest on the planet, 100 hotels and … Continue reading

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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

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