Tag Archives: Sepp Blatter

The Party Is Over

In the latest UBS study, Dubai is ranked a global 4th in two categories – the most expensive cities in the world and most expensive rental for a 3-bedroom apartment. In the former, it is behind Zurich, Geneva and New … Continue reading

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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

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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

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Someone New

As expected, April turned out to be a dismal month for the hospitality sector as profitability indices sank by 19.5%. Occupancy, Average  Room Rates and Rev PAR all headed south – 0.5% to 84.9%, 12.8% to US$ 374 and 13.5% … Continue reading

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Livin’ On Borrowed Time

This weekend, Emaar will launch its latest project, located in the Opera District of Dubai. The twin towers – of 50 and 70 storeys – will comprise 1-4 bedroom apartments and will overlook the upcoming 2k-seat opera house. Al Barari has released … Continue reading

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Red Light Spells Danger!

Dubai Land Department, through its 2011 Tanmia initiative, has announced the revival of a further 43 previously stalled projects, valued at US$ 2.72 billion. The DLD has been acting as a mediator to solve any issues, between investors and developers, … Continue reading

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Baby – What A Big Surprise

The 80-day on-going maintenance work at Dubai International has cut the facility’s capacity by 20% and, as a result, London Heathrow will maintain its number one position as the world’s busiest airport in 2014. But by this time next year, … Continue reading

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