Tag Archives: emirates airline

State of Shock

Posted on March 9, 2017 by howesdubai

Emaar has launched its latest development – Harbour Gate. The new residential estate, located close to The Tower at Dubai Creek Harbour, will comprise 491 1-3 bedroom apartments, six penthouses and six townhouses. Jumeirah Golf Estates’ latest launch of its … Continue reading →

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

Spirit In The Sky!

Posted on March 8, 2017 by howesdubai

The latest Asteco report indicates that this year 31.5k apartments and 12.5k villas are scheduled for delivery, compared to actual 2016 completions of 8.8k and 5k. That being the case, there could be a further softening of the market; however, … Continue reading →

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

Mama Weer All Crazee Now!

Posted on February 12, 2017 by howesdubai

Dubai Properties has awarded a US$ 272 million contract to Dubai Contracting Company for the construction of 1/JBR – a 46-storey luxury tower; the development will include 161 2-4 bedroom apartments, along with several 5-bedrooom penthouses, with the average price … Continue reading →

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

Hazy Shade of Winter!

Posted on February 5, 2017 by howesdubai

Early 2017 property reports seem to have different findings. JLL estimate that only 15k units were handed over last year and this was the highest annual number in five years. ValuStrat put this number even lower at 11k which was … Continue reading →

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

Bed of Roses

Posted on January 29, 2017 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum has approved a 300k sq ft expansion to triple the size of Dubai’s International Humanitarian City. This is in the wake of a marked increase in the global demand for emergency aid, as … Continue reading →

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

Fool On The Hill

Posted on January 22, 2017 by howesdubai

The total realty transactions of 60.6k, as reported by the Dubai Land Department, topped US$ 70. 6 billion last year – slightly down compared to 2015’s 63.7k valued at US$ 72.7 billion. The government agency expects further sustainable growth this … Continue reading →

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

Fog Has Lifted!

Posted on January 15, 2017 by howesdubai

Reidin reports that 2016 Dubai freehold transactions, including both freehold and off-plan, fell by 2.3% over the year to 23.6k, with a value of US$ 9.9 billion – 16.3% lower than in 2015 (US$ 11.8 billion); off-plan sales were down … Continue reading →

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

Sittin’ On The Dock Of The Bay

Posted on January 8, 2017 by howesdubai

This week, the Dubai ruler launched the UAE Food Bank project as part of the UAE’s Year of Giving initiative. His wife, Sheikha Hind bint Maktoum bin Juma Al Maktoum, has been appointed chairperson of the board of trustees. Al … Continue reading →

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

Days Of Future Passed

Posted on January 2, 2017 by howesdubai

It is expected that KOA’s first mixed-use development will be completed by the end of 2017. The 70-apartment project, located near Mohammed bin Rashid Gardens, will also include a multi-purpose ampitheatre and a gourmet market. With an opening slated for … Continue reading →

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

Days Are Numbered!

Posted on December 29, 2016 by howesdubai

HH Sheikh Mohammad Bin Rashid Al Maktoum has approved Dubai’s US$ 12.9 billion 2017 budget which, as expected, sees a marked 27% expansion in infrastructure expenditure, in line with the 2021 Strategic Plan. Consequently, the budget allocation is US$ 272 … Continue reading →

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