Tag Archives: Emaar

Don’t Give Up On Us Now

Posted on January 24, 2015 by howesdubai

A report by Phidar Advisory has indicated that Dubai residential sales headed south in Q4, with apartments falling 3.6% and villa sales by 1.7%;  although apartment rentals showed a marginal 0.4% increase, villas fell by 3.1%. Office lease rates remained … Continue reading →

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Get Lucky!

Posted on January 18, 2015 by howesdubai

At long last, agreement has been reached between Dubai World and a substantial majority (more than the 67% required) of its creditors concerning the restructuring of a US$ 14.6 billion 2011 debt deal. In short, the creditors will receive an … Continue reading →

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Won’t Get Fooled Again

Posted on January 14, 2015 by howesdubai

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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Out Of The Woods

Posted on January 8, 2015 by howesdubai

The double whammy of international sanctions and the dramatic fall in the oil price has not only impacted the Russian economy but has had a drag effect here in Dubai. The 40%+ drop of the rouble has seen a reported … Continue reading →

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So This Is Christmas

Posted on December 26, 2014 by howesdubai

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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Another Brick In The Wall

Posted on December 19, 2014 by howesdubai

This week, HH Sheikh Mohammed bin Rashid Al Maktoum launched the Dubai Plan 2021 – a detailed roadmap outlining the emirate’s development over the next seven years. The six themes on the strategic agenda include: ·        a city of happy, creative … Continue reading →

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Runnin Scared

Posted on December 14, 2014 by howesdubai

Founded only two years ago in December 2012, Careem, the locally based chauffeur booking service, has received a US$ 10 million investment boost from the Saudi travel group, Al Tayyar. The internet service provider is looking to use the additional … Continue reading →

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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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