Tag Archives: Emirates NBD

Start Me Up

Posted on October 17, 2013 by howesdubai

This week saw the inevitable raft of new projects being announced that always coincides with Cityscape. Probably the most surprising property news of the week was Nakheel’s plan to restart work on the much delayed Palm Deira (now to be … Continue reading →

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Here We Go Round The Mulberry Bush

Posted on October 8, 2013 by howesdubai

The latest industry market report indicates that property prices continue to surge – up 42% over the past year. The usual factors driving prices are in evidence – political stability, buoyant local economy, growing demand, 2020 Expo etc. However such … Continue reading →

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Shiny Happy People

Posted on September 14, 2013 by howesdubai

Scarcely a week goes by without some report reaffirming the buoyancy of the Dubai real estate sector; the latest, that house prices are rising faster than anywhere else on the planet. With an annual 21.7% surge in the year to … Continue reading →

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Money, Money, Money

Posted on September 2, 2013 by howesdubai

Every month this year, consumer spending has shown marked increases – with June the largest on record as personal expenditure reached US$ 1.0 billion, with the H1 total at US$ 4.2 billion. Amazingly, this sum equates to all the spending … Continue reading →

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Should I Stay or Should I Go?

Posted on August 26, 2013 by howesdubai

According to UK press reports,the 80-floor Dubai Dynamic Tower, designed by Florentine architect David Fisher, is estimated to cost US$ 545 million and could be ready within two years. Its unique selling point is that each individual floor will rotate … Continue reading →

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Walk Away

Posted on August 21, 2013 by howesdubai

Nakheel has issued a tender for piling works – a precursor for work to finally start on its US$ 680 million mall development at the end of Palm Jumeirah. The project, including a 200-room five star hotel, serviced apartments and … Continue reading →

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A Dedicated Follower of Fashion

Posted on August 10, 2013 by howesdubai

Dubai’s hospitality sector continues to confound its critics with all pointers showing sustained growth patterns – in June, occupancy rates by 3.6% to 79.2%, Average Room Rates (ARR) by 6.2% to US$ 207.29 and Revenue per Available Room (RevPAR) by … Continue reading →

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Catch Us If You Can

Posted on August 3, 2013 by howesdubai

To many observers, the local property market is perhaps growing at a faster rate than would be considered appropriate, bearing in mind that it is less than five years since over-inflated property prices saw a 50% diminution and brought Dubai … Continue reading →

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Heart of Gold

Posted on July 28, 2013 by howesdubai

Just as one famous ocean-going liner, the QE2, leaves these shores, there are plans to bring another one to Dubai. Australian business tycoon, Clive Palmer, is to build an exact replica of the Titanic – with work commencing soon at … Continue reading →

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I Believe in Miracles

Posted on July 22, 2013 by howesdubai

The bounce back in local real estate can be gleaned from the fact that Dubai Land Department recorded a 30% surge in H1 business transactions, reaching US$ 29.4 billion. There was an even larger amount in the number of properties … Continue reading →

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