Tag Archives: Emirates NBD

Here, There and Everywhere

Posted on July 19, 2013 by howesdubai

The next chapter in the history of the QE2 has been written with news that it is currently being converted into a luxury floating hotel at Drydocks World. In October, it will set sail for Singapore and from there to … Continue reading →

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Reason To Believe

Posted on July 11, 2013 by howesdubai

The property boom continues unabated with May seeing a jump in prices of 2.01% over the previous month – with apartments and villas up 2.13% and 1.56% respectively. On an annual basis, the trend was similar at 17.3% and 12.2%. … Continue reading →

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Against The Wind

Posted on June 16, 2013 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum is to develop a one-stop, full-service, commercial hub to accommodate the emirate’s rapidly developing fashion and design business. TECOM, a subsidiary of Dubai Holding, will operate the Dubai Design District and invest US$ … Continue reading →

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What’s Going On?

Posted on May 13, 2013 by howesdubai

Prior to the start of Arabian Travel Mart, HH Sheikh Mohammed bin Rashid Al Maktoum officially approved Dubai’s 2020 Vision for Tourism, which would see visitor numbers double to 20 million within the next seven years. The local tourist board, … Continue reading →

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In Dreams

Posted on April 28, 2013 by howesdubai

Nobody seems to know how many new housing units will come on line this year, with estimates of between 12k and 48k but some figure like 25k a plausible outcome. This would see a 7% increase in supply, mainly to … Continue reading →

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All Shook Up

Posted on April 21, 2013 by howesdubai

Emaar’s latest foray into the property market comes days after the release of 188 townhouses in their Mira development which brought chaos and pandemonium to Dubai’s streets, with thousands of unhappy prospective buyers on the rampage to purchase a villa. … Continue reading →

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Help!

Posted on March 16, 2013 by howesdubai

Last year, the UAE economy grew by 6.5% with GDP rising to US$ 375 billion, mainly because of higher oil prices and increasing investment from within the region moving to a comparatively safe zone. Saudi’s GDP accounted for 43.1% of … Continue reading →

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Money For Nothing

Posted on March 2, 2013 by howesdubai

Latest reports indicate that the tourism boom continues unabated with Dubai hotels registering an 83.6% occupancy rate last year – with more of the same on the plate in 2013. More impressive was the climb in both RevPAR (revenue per … Continue reading →

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Let’s Hang On To What We’ve Got

Posted on February 9, 2013 by howesdubai

The week started with HH Sheikh Mohammed bin Rashid Al Maktoum’s directive that work should commence on two major Nakheel developments on Palm Jumeirah. Nakheel Mall, located at the bottom of the trunk, will cost US$ 680 million whilst The … Continue reading →

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Wishin’ and Hopin’

Posted on February 2, 2013 by howesdubai

As the real estate sector is fast returning to its pre-GFC levels, it came as no surprise to hear that Emaar’s latest off-plan development sold out on launch day. All 280 units, available in the 55-storey Downtown Residence Fountain Views, … Continue reading →

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