Tag Archives: HH Sheikh Mohammed bin Rashid Al Maktoum

Fernando

Posted on June 10, 2014 by howesdubai

Although relatively quiet by recent Dubai standards, annual property price rises, at 27.7%, are still the highest in the world. However, according to the latest Knight Frank’s Global House Price Index, Q1 increases at 3.4% were 63% down on the … Continue reading →

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Red Red Wine

Posted on June 4, 2014 by howesdubai

To be connected to the mainland by a 300 mt bridge, developer, Meraas Holding, has announced that Bulgari will manage its new 100-room luxury island hotel and twenty residential villas. The development, along with a marina, is located off Jumeirah … Continue reading →

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Desert Rose

Posted on May 28, 2014 by howesdubai

The Ruler launched the World Free Zones Organisation, attended by representatives from fourteen global free zones. The new body, with Dr Mohammed Al Zarooni as its first chairperson, will have its HQ in Dubai and will be open to any … Continue reading →

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Blue Moon

Posted on May 19, 2014 by howesdubai

The Dubai Ruler has approved a US$ 545 million Creekside development by Meraas Holding, along a 1.8km stretch in the Al Fahidi area. The exciting project will take two years to complete and will include art galleries, a floating market, … Continue reading →

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Flying High Again

Posted on May 10, 2014 by howesdubai

Emirates’ annual revenue grew by 13.0% to US$ 22.5 billion, as the airline saw its profits jump 42.5% to US$ 887 million, forming a large part of the Group’s overall profit of US$ 1.1 billion. With a 13.0% increase in … Continue reading →

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From Russia With Love

Posted on May 3, 2014 by howesdubai

On Thursday, Dubai International started 80 days’ runway maintenance that will see services curtailed, cancelled or moved to Dubai World Central. (Emirates have announced that it will cut 5.4k flights over this period).  Consequently, it is unlikely that passenger traffic … Continue reading →

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Fire and Rain

Posted on May 1, 2014 by howesdubai

Emaar Properties showed a US$ 235 million Q1 profit, up 55.2% year on year, on a 7% hike in revenue to US$ 615 million. Furthermore sales at US$ 1.61 billion were a massive 94% higher than the corresponding period in … Continue reading →

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Livin’ On The Edge

Posted on April 27, 2014 by howesdubai

Nakheel has announced a tender for the design and construction of a 6 mt wide, 11 km long boardwalk on the outer side of the Palm Jumeirah crescent. It will also include two 100 mt long piers which will encompass … Continue reading →

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On The Road Again

Posted on April 20, 2014 by howesdubai

The importance of the gold trade to the local economy was reinforced with news that almost 40% of the global market in the precious metal was carried out in Dubai. It is amazing to consider that only ten years ago, … Continue reading →

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Catch Us If You Can

Posted on April 7, 2014 by howesdubai

Following its September 2013 off plan sale, when 262 townhouses were sold in a day, Nakheel has finally awarded Ginco General Contracting a US$ 191 million contract for the construction of 936 units in its Warsan Village development. The project … Continue reading →

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