Tag Archives: Emaar

The Man Who Sold The World

Posted on January 17, 2016 by howesdubai

To the surprise of many real estate “experts”, who had forecast that 2015 would see as many as 30k units completed in Dubai, JLL reported that only 8k hit the market in both Dubai and Abu Dhabi, compared to 16k … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , , | Leave a comment

I Wasn’t Expecting That

Posted on January 10, 2016 by howesdubai

According to the 2016 RERA (Real Estate Regulatory Authority) official index, apartment rents have fallen by between 4.5% -11.0% in some areas such as Business Bay (11.0%), International City and JLT (both – 10.0%), Downtown and Palm Jumeirah  (both – … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , | Leave a comment

Look On The Bright Side Of Life

Posted on January 3, 2016 by howesdubai

The New Year’s Eve fire at The Address received global attention and saw the world’s media at its worst. For instance, Sky News were reporting that the fire was at The Torch in JBR, some 20 km away, whilst its … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , , | Leave a comment

Every Day’s Like Christmas!

Posted on December 27, 2015 by howesdubai

Despite not expecting to hand over any villas until next December, Al Barari has announced that almost 75% of its 203-home Ashjar project has been sold. The luxury Zaal Mohammad Zaal development consists of 13 low-rise buildings, each separated by … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , | 1 Comment

To Ring The Alarm!

Posted on December 20, 2015 by howesdubai

According to the latest CBRE ME report, prices of Dubai villas and apartments have seen annual falls of 14% and 16%, as total transactions have plummeted 33%. With an estimated 48k units being delivered over the next three years, it … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , | Leave a comment

Big Wheel Keep On Turnin’ – Proud Mary

Posted on December 17, 2015 by howesdubai

The less said about Donald Trump the better . .   . UAE is thought to be the most generous country in the world, having donated US$ 47.4 billion since its 1971 foundation. Latest figures indicate that 64.1% of aid is … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , , | Leave a comment

Let The Sun Shine In!

Posted on December 8, 2015 by howesdubai

In a bid to make the emirate a global centre for clean energy and green economy, HH Sheikh Mohammed bin Rashid Al Maktoum has launched the US$ 13.6 billion Dubai Clean Energy Strategy 2050. Its main target is to ensure that … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , | 1 Comment

Move On!

Posted on December 5, 2015 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum donated his riding helmet to a fundraising auction organised by the Al Jalila Foundation. The charity, founded in 2013 and named after his daughter, benefitted by a massive US$ 6.5 million – probably making it the most … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , , | Leave a comment

Halleluiah!

Posted on November 23, 2015 by howesdubai

Austrian developer, Kleindienst is set to complete its St Petersburg project, part of the 300-island The World, by October 2016. This 3rd phase will comprise the 109-room Tzar Hotel and 40 ‘Floating Seahorses’ – floating villas including 269 sq ft … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , | 1 Comment

Games People Play!

Posted on November 19, 2015 by howesdubai

September was another disappointing month for the hospitality sector as average room rates in the 4/5-star category dropped 2.3% to US$ 208. Although occupancy levels at 76.6% remained flat, all other indicators headed south – including total revenue per available … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , , , | Leave a comment