Tag Archives: HH Sheikh Mohammed bin Rashid Al Maktoum

A Drop In The Ocean!

Posted on May 22, 2016 by howesdubai

Last year, CBRE predicted 20k new residential units would be completed – the figure turned out to be less than 10k. This year, the consultancy estimates 15k new properties for Dubai. If the emirate is set to grow at 6% … Continue reading →

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Picking Up The Pieces!

Posted on May 18, 2016 by howesdubai

CBRE’s latest report indicated that slowing job growth and the negative impact of new supply were the main drivers behind Dubai Q1 residential rents and sale prices dropping on average by 2%. This comes on the back of a 4% … Continue reading →

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Do You Believe In Magic?

Posted on May 15, 2016 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum has approved the construction of a 60k capacity sports arena in Al Aweer. The Mohammed bin Rashid Stadium, costing US$ 817 million, will be the world’s first fully air-conditioned and raised off the … Continue reading →

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With A Little Help From My Friends

Posted on May 2, 2016 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum has set up the Dubai Economic Security Centre whose main aims are to combat bribery, corruption, financing of terrorism, money laundering and fraud. As well as protecting the emirate’s position as a global … Continue reading →

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Throw It All Away!

Posted on April 25, 2016 by howesdubai

JLL reported that house prices have fallen 10% over the past 12 months but indicate that the market may now be returning into positive territory. Over the past quarter, rents for apartments dropped by 3%, whilst villas have remained flat … Continue reading →

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The Long And Winding Road

Posted on April 21, 2016 by howesdubai

Emaar is in the news on several fronts this week. The Spanish architect, Santiago Calatrava Valls, will be responsible for building its latest project – a US$ 1 billion tower, supported by a matrix of cables. Slated to be taller … Continue reading →

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The Taxman’s Taken All My Dough

Posted on April 19, 2016 by howesdubai

Dubai’s first major affordable lifestyle community, Town Square, will welcome its first residents in 2017. Nshama, the developer, has already sold over 2k units and started work on 1.05k townhouses and 1.1k apartments. Prices for the former will start at … Continue reading →

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Footprint In The Sand

Posted on April 3, 2016 by howesdubai

This week, HH Sheikh Mohammed bin Rashid Al Maktoum launched the official logo for Dubai Expo 2020. The winning design, out of 19k entries, is an authentic Emirati logo based on the 2002 find of a 4k-year old ring, at … Continue reading →

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Here’s To The Good Times!

Posted on March 27, 2016 by howesdubai

With the launch of three projects, it was a week of “1s” – One at Palm Jumeirah, One Central and 1/JBR. The developer, Omniyat, has appointed Brookfield Multiplex as the main contractor for the US$ 544 million One at Palm … Continue reading →

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We Are Family

Posted on March 23, 2016 by howesdubai

Fast becoming known as an extreme sports location, there are reports that the emirate will soon see a 325 mt base-jump tower. At its lower levels, the building will house an activity plaza, catering for family actions. The mid-levels will … Continue reading →

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