Tag Archives: HH Sheikh Mohammed bin Rashid Al Maktoum

Big Yellow Taxi

Posted on March 15, 2017 by howesdubai

Work has started on an Al Futtaim 78.5k sq mt “smart mall”, part of phase 1 of the upcoming Wasl Gate development, located near the Ibn Battuta Mall.  With a 55k sq mt leasable space, it will have 100 outlets, … Continue reading →

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Get Off My Cloud!

Posted on March 12, 2017 by howesdubai

It was announced that 180 luxury apartments in the second phase of sales of units in Al Habtoor City have already been sold, with prices for 1-bedroom units starting at US$ 518k. Handover for units – that range from 1 … Continue reading →

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State of Shock

Posted on March 9, 2017 by howesdubai

Emaar has launched its latest development – Harbour Gate. The new residential estate, located close to The Tower at Dubai Creek Harbour, will comprise 491 1-3 bedroom apartments, six penthouses and six townhouses. Jumeirah Golf Estates’ latest launch of its … Continue reading →

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Spirit In The Sky!

Posted on March 8, 2017 by howesdubai

The latest Asteco report indicates that this year 31.5k apartments and 12.5k villas are scheduled for delivery, compared to actual 2016 completions of 8.8k and 5k. That being the case, there could be a further softening of the market; however, … Continue reading →

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Mama Weer All Crazee Now!

Posted on February 12, 2017 by howesdubai

Dubai Properties has awarded a US$ 272 million contract to Dubai Contracting Company for the construction of 1/JBR – a 46-storey luxury tower; the development will include 161 2-4 bedroom apartments, along with several 5-bedrooom penthouses, with the average price … Continue reading →

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Hazy Shade of Winter!

Posted on February 5, 2017 by howesdubai

Early 2017 property reports seem to have different findings. JLL estimate that only 15k units were handed over last year and this was the highest annual number in five years. ValuStrat put this number even lower at 11k which was … Continue reading →

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Bed of Roses

Posted on January 29, 2017 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum has approved a 300k sq ft expansion to triple the size of Dubai’s International Humanitarian City. This is in the wake of a marked increase in the global demand for emergency aid, as … Continue reading →

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Fool On The Hill

Posted on January 22, 2017 by howesdubai

The total realty transactions of 60.6k, as reported by the Dubai Land Department, topped US$ 70. 6 billion last year – slightly down compared to 2015’s 63.7k valued at US$ 72.7 billion. The government agency expects further sustainable growth this … Continue reading →

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Fog Has Lifted!

Posted on January 15, 2017 by howesdubai

Reidin reports that 2016 Dubai freehold transactions, including both freehold and off-plan, fell by 2.3% over the year to 23.6k, with a value of US$ 9.9 billion – 16.3% lower than in 2015 (US$ 11.8 billion); off-plan sales were down … Continue reading →

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Sittin’ On The Dock Of The Bay

Posted on January 8, 2017 by howesdubai

This week, the Dubai ruler launched the UAE Food Bank project as part of the UAE’s Year of Giving initiative. His wife, Sheikha Hind bint Maktoum bin Juma Al Maktoum, has been appointed chairperson of the board of trustees. Al … Continue reading →

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