Tag Archives: HH Sheikh Mohammed bin Rashid Al Maktoum

Are You With Me?

The most recent project to be announced by HH Sheikh Mohammed bin Rashid Al Maktoum is the Museum of the Future, to be located next to Emirates Towers on SZR. According to the new law, a US$ 2.72 innovation fee … Continue reading

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

Those Were The Days

The big story of the week is the proposed Meydan One. Being Dubai, the 3,671k sq mt development will include three world firsts – tallest residential tower (at 711 mt), largest indoor ski slope (three times bigger than the current … Continue reading

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

It Is Time To Say Goodbye

A recent Central Bank report indicates that the government is planning a 4.1% cut in public spending to US$ 125.5 billion, in the wake of the massive fall in oil revenue. This is in sharp contrast to recent annual hikes … Continue reading

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

Nowhere Man

Although local petrol prices, at US$ 0.47 per litre, are the highest in the GCC, they still have to go a long way to match the likes of Hong Kong, Norway, Netherlands and the UK, where they stand at between … Continue reading

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

The Last Time!

With an expected opening later in the year, Al Habtoor City has started a major recruitment campaign for its mega hospitality and residential project. The multi-use development, located on SZR, includes three 5-star hotels, three residential towers, retail and restaurant outlets, … Continue reading

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

So Far Away!

It seems that Dubai Sports City is in serious discussions with financiers for a new 60k-seat football stadium, that would complement their existing 25k-capacity cricket ground and the Els Golf Course. Design work has been completed and the proposed facility … Continue reading

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

Giving It All Away

Dubai has announced the construction of the first functional 3-D building in the world. The whole 2k sq ft project – building, fit-out and furniture – will be printed on a massive 20’ high 3D printer. This development is an … Continue reading

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

Hungry Eyes!

S&P is yet another company with a dire forecast that Dubai property prices will fall by up to 20%, from last year’s highs. The rating agency points to the fact that so many new units will come on line in … Continue reading

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

Tragedy!

The Dubai doomsayers, who were predicting a 2015 30% property crash, still await their day in the sun, as latest figures from Knight Frank’s Global House Price Index indicate only a 6.1% annual slowdown. However, on a global scale the … Continue reading

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

Say Goodbye

In a busy week, HH Sheikh Mohammed bin Rashid Al Maktoum has met with Queen Elizabeth, the Polish president, Bronislaw Komorowski, (on a two-day trade visit) and visited the Milano Expo for a further two days; there he announced that he … Continue reading

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