Tag Archives: emirates airline

Living In The Gangsta’s Paradise

Posted on July 20, 2016 by howesdubai

With developers continuing to scale back on completion of launched and often pre-sold projects, the number of new homes handed over in Q2 totalled only 2.8k; industry expectations were that up to 40k residences would be handed over this year … Continue reading →

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The Great Pretender!

Posted on July 9, 2016 by howesdubai

Reidin’s latest report shows marginal May increases for both Dubai apartment and villa prices – but 5.2% and 6.0% down year on year. Meanwhile rents for both apartments (3.0%) and villas (6.4%) fell over the year whilst May saw a … Continue reading →

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Mr Know It All!

Posted on July 7, 2016 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum has approved the 2030 Dubai Industrial Strategy, with the aim of generating a further US$ 44 billion to the emirate’s GDP. Its focus will be on six sectors – aerospace, aluminum, equipment, food … Continue reading →

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Rockin’ All Over The World!

Posted on June 27, 2016 by howesdubai

Having launched its Living Legends project in Dubailand in 2006, Saudi developer, Tanmiyat, has announced that 184 villas and the first of 12 proposed tower blocks have been handed over – six years behind schedule. A second phase, in the … Continue reading →

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Time To Say Goodbye

Posted on June 22, 2016 by howesdubai

Although there are still pundits who forecast that residential prices will continue to fall, basic economic laws dictate otherwise. Over the past 18 months, it is estimated that 23k units have been handed over, including 5.5k in H1; supply is … Continue reading →

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Speaking Words Of Wisdom, Let It Be!

Posted on June 14, 2016 by howesdubai

After last week’s announcement it was to invest US$ 8.2 billion on local real estate, Majid Al Futtaim Properties has confirmed that part of the money would be spent on a mixed-use development, adjacent to Global Village. Encompassing 750k sq … Continue reading →

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Running On Empty!

Posted on June 8, 2016 by howesdubai

On Sunday, HH Sheikh Mohammed bin Rashid Al Maktoum inspected the new US$ 1.2 billion Concourse D, at Dubai International Airport. The world’s first dedicated facility for Airbus 380s covers an area of 150k sq mt and has an annual … Continue reading →

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A Little Bit More

Posted on May 30, 2016 by howesdubai

The Burj Al Arab has opened its much-vaunted 10k sq mt artificial island, built by the Finnish firm, Admares. Boasting two pools, private cabanas, dining options and a beach made from 1k tonnes of introduced white sand, annual membership rates … Continue reading →

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A Drop In The Ocean!

Posted on May 22, 2016 by howesdubai

Last year, CBRE predicted 20k new residential units would be completed – the figure turned out to be less than 10k. This year, the consultancy estimates 15k new properties for Dubai. If the emirate is set to grow at 6% … Continue reading →

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Picking Up The Pieces!

Posted on May 18, 2016 by howesdubai

CBRE’s latest report indicated that slowing job growth and the negative impact of new supply were the main drivers behind Dubai Q1 residential rents and sale prices dropping on average by 2%. This comes on the back of a 4% … Continue reading →

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