Tag Archives: Nakheel

Don’t Stop Me Now

Posted on October 3, 2013 by howesdubai

Now officially the emirate’s largest free zone – with over 7,300 registered companies – DMCC have contracted Brookfield Multiplex to design and construct ‘One JLT’, a glass-box style building. On completion, this impressive world-class building will cover 23.4k sq mt … Continue reading →

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

You’re So Vain

Posted on September 10, 2013 by howesdubai

After a relatively quiet period of reported new projects, Arady Developments – a JV between Deyaar Development and Dubai Properties Group – announced the launch of a 48-storey residential tower. Located in the Dubai International Financial Centre, this forms part … Continue reading →

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

Walk Away

Posted on August 21, 2013 by howesdubai

Nakheel has issued a tender for piling works – a precursor for work to finally start on its US$ 680 million mall development at the end of Palm Jumeirah. The project, including a 200-room five star hotel, serviced apartments and … Continue reading →

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

A Dedicated Follower of Fashion

Posted on August 10, 2013 by howesdubai

Dubai’s hospitality sector continues to confound its critics with all pointers showing sustained growth patterns – in June, occupancy rates by 3.6% to 79.2%, Average Room Rates (ARR) by 6.2% to US$ 207.29 and Revenue per Available Room (RevPAR) by … Continue reading →

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

Heart of Gold

Posted on July 28, 2013 by howesdubai

Just as one famous ocean-going liner, the QE2, leaves these shores, there are plans to bring another one to Dubai. Australian business tycoon, Clive Palmer, is to build an exact replica of the Titanic – with work commencing soon at … Continue reading →

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

Here, There and Everywhere

Posted on July 19, 2013 by howesdubai

The next chapter in the history of the QE2 has been written with news that it is currently being converted into a luxury floating hotel at Drydocks World. In October, it will set sail for Singapore and from there to … Continue reading →

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

I Can See Clearly Now

Posted on June 28, 2013 by howesdubai

May was another great month for Dubai’s burgeoning hospitality sector with returns showing an 18.8% hike in hotels’ RevPAR (Revenue per available room) to US$ 173.09. ADR (average daily rate) also had a double-digit growth to US$ 216.22. There will … Continue reading →

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

Shelter From The Storm

Posted on June 10, 2013 by howesdubai

The major news story of the week came with the announcement that Dubal, 100% owned by the  Investment Corporation of Dubai, was going to merge with Emirates Aluminium (Emal) – a 50:50 JV between Abu Dhabi’s Mubadala and Dubal. The … Continue reading →

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

The Gambler

Posted on June 5, 2013 by howesdubai

As the recovery in the emirate’s realty sector takes traction, Dubai’s biggest developer, Emaar Properties, has announced yet another launch for this weekend – 120 luxury apartments in its Burj Vista development. The two identical 20-storey towers will be located … Continue reading →

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

What’s Up?

Posted on May 29, 2013 by howesdubai

In only its fourth year of operations, it seems that flydubai will be make an even bigger profit than the US$ 41.4 million made for the year ending 30 June 2012. Last year, the carrier saw passenger traffic at over … Continue reading →

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