Tag Archives: HH Sheikh Mohammed bin Rashid Al Maktoum

This Time Around

Posted on March 21, 2016 by howesdubai

Yet again there is talk of returning the QE2 to its former glory – this time as the focal point of the new Port Rashid Marina. As part of Dubai’s 2021 plan, DP World will develop the location specifically for … Continue reading →

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The Wrong Direction!

Posted on March 20, 2016 by howesdubai

On Tuesday, HH Sheikh Mohammed bin Rashid Al Maktoum launched the ambitious Dubai Wholesale City, located close to the new Al Maktoum International Airport. The emirate’s ruler wants to tap into the burgeoning global wholesale trade sector, said to be … Continue reading →

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Leave Us Alone!

Posted on March 15, 2016 by howesdubai

Although most of the sector’s players have predicted a dismal 2016 for Dubai’s real estate market, official figures paint a brighter picture. The Dubai Land Department reported that, by 22 February, YTD transactions have totalled US$ 18.7 billion, with a … Continue reading →

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Money’s Too Tight To Mention

Posted on February 23, 2016 by howesdubai

The RTA expects to make a surplus this year, from a 14.5% hike in revenue to US$ 2.04 billion, less total budgeted expenditure of US$ 1.92 billion. The authority has also reconfirmed that the much-vaunted Dubai Canal project will be … Continue reading →

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So Happy Together!

Posted on February 15, 2016 by howesdubai

HH Sheikh Mohammed Bin Rashid Al Maktoum has approved a new tower – “comparable in greatness and in height” to the Burj Khalifa – for the 6 sq km Dubai Creek Harbour project. No further details were forthcoming from the … Continue reading →

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The Name Of The Game

Posted on February 7, 2016 by howesdubai

With HH The UAE President Sheikh Khalifa declaring 2016 as the year of reading, it is apt to see HH Sheikh Mohammed bin Rashid Al Maktoum announce a US$ 272 million library which will include 2 million e-books, 1.5 million … Continue reading →

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Fields Of Gold

Posted on January 31, 2016 by howesdubai

The number of overnight visitors to Dubai jumped 7.5% to 14.2 million last year – almost twice the rate the United Nations World Travel Organisation had forecast earlier. India (with 1.60 million tourists) finally overtook Saudi’s 1.54 million visitors, to … Continue reading →

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Life In The Fast Lane

Posted on January 24, 2016 by howesdubai

Last week, a report indicated that 2015 property sales for both Abu Dhabi and Dubai amounted to just 8k, whilst a new study this week points to 18.6k units. Phidar Advisory also reported that villa and apartment 2015 sales were … Continue reading →

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The Man Who Sold The World

Posted on January 17, 2016 by howesdubai

To the surprise of many real estate “experts”, who had forecast that 2015 would see as many as 30k units completed in Dubai, JLL reported that only 8k hit the market in both Dubai and Abu Dhabi, compared to 16k … Continue reading →

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I Wasn’t Expecting That

Posted on January 10, 2016 by howesdubai

According to the 2016 RERA (Real Estate Regulatory Authority) official index, apartment rents have fallen by between 4.5% -11.0% in some areas such as Business Bay (11.0%), International City and JLT (both – 10.0%), Downtown and Palm Jumeirah  (both – … Continue reading →

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