Tag Archives: HH Sheikh Mohammed bin Rashid Al Maktoum

Look On The Bright Side Of Life

The New Year’s Eve fire at The Address received global attention and saw the world’s media at its worst. For instance, Sky News were reporting that the fire was at The Torch in JBR, some 20 km away, whilst its … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , | Leave a comment

Every Day’s Like Christmas!

Despite not expecting to hand over any villas until next December, Al Barari has announced that almost 75% of its 203-home Ashjar project has been sold. The luxury Zaal Mohammad Zaal development consists of 13 low-rise buildings, each separated by … Continue reading

Posted in Finance | Tagged , , , , , , , , , , | 1 Comment

To Ring The Alarm!

According to the latest CBRE ME report, prices of Dubai villas and apartments have seen annual falls of 14% and 16%, as total transactions have plummeted 33%. With an estimated 48k units being delivered over the next three years, it … Continue reading

Posted in Finance | Tagged , , , , , , , , , , | Leave a comment

Big Wheel Keep On Turnin’ – Proud Mary

The less said about Donald Trump the better . .   . UAE is thought to be the most generous country in the world, having donated US$ 47.4 billion since its 1971 foundation. Latest figures indicate that 64.1% of aid is … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , | Leave a comment

Let The Sun Shine In!

In a bid to make the emirate a global centre for clean energy and green economy, HH Sheikh Mohammed bin Rashid Al Maktoum has launched the US$ 13.6 billion Dubai Clean Energy Strategy 2050. Its main target is to ensure that … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , | 1 Comment

Move On!

HH Sheikh Mohammed bin Rashid Al Maktoum donated his riding helmet to a fundraising auction organised by the Al Jalila Foundation. The charity, founded in 2013 and named after his daughter, benefitted by a massive US$ 6.5 million – probably making it the most … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , | Leave a comment

Halleluiah!

Austrian developer, Kleindienst is set to complete its St Petersburg project, part of the 300-island The World, by October 2016. This 3rd phase will comprise the 109-room Tzar Hotel and 40 ‘Floating Seahorses’ – floating villas including 269 sq ft … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , | 1 Comment

Games People Play!

September was another disappointing month for the hospitality sector as average room rates in the 4/5-star category dropped 2.3% to US$ 208. Although occupancy levels at 76.6% remained flat, all other indicators headed south – including total revenue per available … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , | Leave a comment

No Good For You!

Nakheel has announced its latest development for Deira Islands – a JV with Centara Hotels & Resorts for a 550-key resort, complete with a waterpark. This would bring the Dubai developer’s room portfolio on the man-made location to 1.8k whilst … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , | Leave a comment

A Change Is Gonna Come!

The big retail battle between Apple and Samsung is on in Dubai. This week, Samsung completed a major overhaul and expansion of its 9.2k sq ft flagship store in Dubai Mall ensuring that it was the electronics company’s largest global … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , , | Leave a comment