Tag Archives: emirates airline

We Can Work It Out

Posted on August 11, 2014 by howesdubai

The Indian-based Hiranandani Group has signed a management agreement with Accor to develop a 350-room Ibis hotel in Downtown Dubai. This is yet another indicator that Dubai’s hospitality sector is in need for hotels in the budget price range, as … Continue reading →

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Danger Zone

Posted on August 7, 2014 by howesdubai

The last week of July saw the Q2 reporting season in full swing with Arabtec, Emirates NBD, Emirates Islamic and Du announcing their latest results. Arabtec – which has dominated the financial press recently for all the wrong reasons – … Continue reading →

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Good Riddance (Time of Your Life)

Posted on July 24, 2014 by howesdubai

Dubai Land Department reported that H1 real estate transactions totalled US$ 30.8 billion, of which US$ 14.2 billion occurred in Q2 indicating a slowdown compared to the previous quarter. The 6.9k mortgage deals, totalling US$ 12.9 billion, accounted for nearly … Continue reading →

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Life On Mars

Posted on July 22, 2014 by howesdubai

Following Emirates’ announcement earlier in the month, confirming its order for 150 Boeing 777X aircraft, the airline has signed a 12-year, US$ 13 billion maintenance and repair agreement with GE for the 300 GE9X engines that it ordered last November, … Continue reading →

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I Heard It Through The Grapevine

Posted on July 16, 2014 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum stunned everybody with his latest announcement – the world’s largest (covering 48 million sq ft) and first temperature-controlled city – Mall of the World. There will be many components to the new US$ … Continue reading →

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A Hard Rain’s Gonna Fall

Posted on July 6, 2014 by howesdubai

It seems that the government has been successful in its aim to take the heat out of the burgeoning property market. A mere 1% hike in Q1 prices indicates that the introduction of a mortgage cap, along with the doubling … Continue reading →

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Down, Down (Deeper and Down)

Posted on June 30, 2014 by howesdubai

Following his May US$ 2.2 billion endorsement for Dubai Holding’s Jumeirah Group’s expansion plans, HH Sheikh Mohammed bin Rashid has approved the addition of a further 350 rooms for the 15-year old Jumeirah Beach Hotel. The complex, due to open … Continue reading →

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The Circle Game

Posted on June 29, 2014 by howesdubai

The following article was written over nine years ago and serves to show the cyclical nature of Dubai’s economy. Looking beyond short-term gains By Tim Howe, Special to Gulf News Published: 12:00 April 17, 2005 There is no doubt that … Continue reading →

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Baby – What A Big Surprise

Posted on June 19, 2014 by howesdubai

The 80-day on-going maintenance work at Dubai International has cut the facility’s capacity by 20% and, as a result, London Heathrow will maintain its number one position as the world’s busiest airport in 2014. But by this time next year, … Continue reading →

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Fernando

Posted on June 10, 2014 by howesdubai

Although relatively quiet by recent Dubai standards, annual property price rises, at 27.7%, are still the highest in the world. However, according to the latest Knight Frank’s Global House Price Index, Q1 increases at 3.4% were 63% down on the … Continue reading →

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