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      Michael Fahy

      Michael Fahy

      Location

      Articles

      CBRE has been appointed to sell Burlington Arcade, above, which runs between Piccadilly Street and Bond Street. Sylvain Sonnet / Getty Images
      CBRE seeks Middle East buyer for prime London shopping centre

      The centre, which is built on a half-acre site, contains 37,000 square feet of retail space and has the longest covered shopping street in the UK.

      PropertyJanuary 29, 2017
      Now could be a good time to buy a villa or apartment in Dubai as prices appear to be at the bottom of a classic three-year property cycle. Reem Mohammed / The National
      Dubai mortgage market doubles in size over seven-year period

      Mortgages as a percentage of sales activity have now reached 55 per cent, which represents a structural shift towards more mature markets such as the US and UK.

      PropertyJanuary 29, 2017
      S&P expects Sharjah’s government deficit to average 3 per cent between 2014-2017, compared to just 1 per cent in 2010-2013. Victor Besa for The National
      S&P downgrades Sharjah’s credit rating

      Ratings agency cites rising debt-to-GDP ratio and delays to revenue-raising activity as rationale for its action.

      BusinessJanuary 28, 2017
      From left: Wrappup co-founders Ayosh Chordia, Rami Salman and Rishav Jalan say finding people with both the know-how and the mindset to become part of the start-up has been a struggle. Anna Nielsen for The National
      SME profile: The Dubai tech start-up that has been turning heads in Silicon Valley

      Wrappup has developed an app that allows people to easily create, tag and search highlights of recorded meetings.

      BusinessJanuary 28, 2017
      Making buildings accessible in Dubai has so far been a matter of best practice, but from February it will be a legal requirement. Jaime Puebla / The National
      Disabled code for Dubai buildings on track

      Building owners will be given a three-year period in which they will need to produce an accessibility plan.

      PropertyJanuary 28, 2017
      Devdeep Guha believes in living well but also creating a financial buffer. Reem Mohammed / The National
      Money & Me: The education company marketing manager who has been taught a lesson in finance

      Devdeep Guha is currently rebuilding his finances after losing money on a start-up venture.

      BusinessJanuary 27, 2017
      The $70 million New York penthouse for those with a cosmopolitan world view
      Camera10
      The $70 million New York penthouse for those with a cosmopolitan world view
      BusinessJanuary 26, 2017
      Above, an artist rendition of the 'floating homes' at Marasi Business Bay development in Dubai. Courtesy Admares
      ‘Floating homes’ to be built in phase one of Marasi Business Bay in Dubai

      Admares is a specialist in floating construction and built the new Terrace at the front of Burj Al Arab.

      PropertyJanuary 25, 2017
      HLG lands Dh401m contract to build Al Garhoud Towers

      The three-tower building will house serviced apartments, one three-star and one four-star hotel.

      PropertyJanuary 25, 2017
      Abdul Baset Al Janahi, Dubai SME’s chief executive, said that the idea is an extension of its biennial SME100 awards highlighting the emirate’s fastest-growing companies. Reem Mohammed / The National
      Dubai SME ranking system can speed up payments

      Firms scoring highly are likely to benefit from greater access to government contracts and more favourable banking terms.

      BusinessJanuary 24, 2017
      CH2M Hill says latest restructure will cost up to $70 million

      The company has said that it expects its new operating model to generate savings of $90 million to $100m per year.

      PropertyJanuary 24, 2017
      New developer Arada targets UAE’s mid-market housing sector

      A joint venture between Sharjah’s Sheikh Sultan bin Ahmed Al Qasimi and Saudi’s Prince Khaled Bin Alwaleed Bin Talal is planning an affordable homes project in Sharjah.

      PropertyJanuary 23, 2017
      A model of Dubai South, which includes the site for the Expo 2020. Pawan Singh / The National
      Deyaar set to develop mixed-use project in Dubai South

      The agreement will bring forward a 1.27-million-square foot mixed-use scheme that includes residential, retail and hospitality space.

      PropertyJanuary 22, 2017
      About 63 per cent of all villas currently under construction in Dubai being sold for between Dh1 million and Dh2m, says Sameer Lakhani, the managing director of Global Capital partners. Antonie Robertson / The National
      Dubai and Abu Dhabi named as favoured locations by world’s wealthiest homebuyers

      Dubai, Abu Dhabi and Kuwait City all make the cut in the world's 50 best cities for wealthy property investors.

      PropertyJanuary 22, 2017
      BMI Research said that' it will be 2020 before Saudi Arabia again overtakes the UAE as the largest construction market' in Mena. Reem Mohammed / The National
      UAE to reclaim crown from Saudi Arabia as biggest construction market in region

      The UAE would reclaim its crown as the biggest projects market in the region from Saudi Arabia for the first time since 2012, due mainly to budgetary constraints in the kingdom.

      PropertyJanuary 21, 2017
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