Tag Archives: dubai shopping festival

Rock The Boat

HH Sheikh Mohammed bin Rashid Al Maktoum issued a decree allowing rental increase of up to 20% dependent on circumstances. Rent hikes can come into play, once the rent being charged is 11% below the official RERA guidelines, with incremental … Continue reading

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Goodbye Yellow Brick Wall

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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Let’s Hang On To What We’ve Got

The week started with HH Sheikh Mohammed bin Rashid Al Maktoum’s directive that work should commence on two major Nakheel developments on Palm Jumeirah. Nakheel Mall, located at the bottom of the trunk, will cost US$ 680 million whilst 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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One More Cup of Coffee

A sign of the global downturn came with Singapore Airlines’ announcement that it was asking its 2,400 captains to volunteer for unpaid leave. It seems that the carrier continues to struggle after declaring a 69% drop in annual Net Profit … Continue reading

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Simply The Best

Dubai’s 2013 budget hopes to cut its annual deficit by 18% to less than 0.5% of GDP with Revenue expected to rise by 7.8% to US$ 8.9 billion and Expenditure up 6.0% at US$ 9.3 billion. It is not known … 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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