Tag Archives: Emirates

Get The Fire Brigade!

Get The Fire Brigade!                                                                        10 September 2020 Airolink has been appointed by Seven Tides as the main building contractor to complete its US$ 272 million Seven City JLT development. Due for completion in 2023, the 2.7k unit project covers an … Continue reading

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All The Young Dudes!

All The Young Dudes!                                                                       03 September 2020 There was a significant and historic move this week when the country’s President Sheikh Khalifa bin Zayed Al Nahyan issued a federal decree “abolishing the Federal Law No. 15 of 1972 regarding boycotting … Continue reading

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Go Your Own Way!

Go Your Own Way                                                                                         23 July 2020 Latest figures from Moody’s Investors Service just confirm a 30% fall in Dubai property prices since mid-2014 and the sector is currently still in bear territory in an economic environment rattled by Covid-19 … Continue reading

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Riders On The Storm

Riders On The Storm                                                                                        16 July 2020 According to reports this week, JLL estimate that 12k units were handed over in Q1, a long way short of the 83k that was forecast at the beginning of the year … Continue reading

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Staircase To Heaven

Staircase To Heaven                                                                                     11 June 2020 Dubai developer Croesus Holdings has been locked out of two of their completed low-rise projects, valued at US$ 27 million, in Majan, by Dubai Walls Contracting over a dispute relating to costs. Apparently, this … Continue reading

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Chiquitita

Chiquitita                                                                                       04 June 2020 The latest Cavendish Maxwell’s Property Monitor reported that Dubai property prices have lost 8.3% in value over the past twelve months, (an improvement on the 9.7% decline in 2018), but nudged 0.5% higher, month on month; … Continue reading

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School’s Out Forever?

School’s Out Forever 21 May 2020 There are an estimated 245k companies in Dubai and now the world press is already writing eulogies for the emirate, based on the results of a survey of just 0.005% of that total. There … Continue reading

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Stuck With U!

Stuck With U                                                                                              15 May 2020 An unnamed errant Dubai real estate agency was fined US$ 13k by RERA for violating laws relating to their escrow account and permits of real estate advertisements. The fine covered a number of … Continue reading

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Back Home Again

HH Sheikh Mohammed bin Rashid Al Maktoum has approved a US$ 8.7 billion nationwide project for the construction of 34k housing units for Emiratis over the next five years. He has also ordered that the value of the salary ceiling … Continue reading

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Look Away

Ithra 13 is to launch a major upgrade in Dubai’s historic gold and jewellery business location, the Deira Gold Souq. Situated between the existing Gold Souq and the Creek’ “District 13” will be a major project for Deira, part of … Continue reading

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