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Michael Fahy

Michael Fahy

Location

Articles

A scale model of Sobha Hartland, which is projected to be completed by 2021. Jeffrey E Biteng / The National
Sobha launches ‘quad homes’ at $4 billion Hartland project in Dubai

First 27 units start in price from Dh5.3 million and are due for completion by the end of next year.

PropertyJanuary 18, 2017
CBRE says that Dubai developers view the lead-up to Expo 2020 as the best time to sell property since 2006. Antonie Robertson / The National
Developers eyeing Expo 2020 as ‘golden opportunity’ to plan new Dubai property launches

Developers are eager to get projects under way in time for completion by Expo 2020, despite the number of units already in the pipeline.

PropertyJanuary 17, 2017
Strata space development falls out of favour in Dubai

'Developers aren’t really considering – certainly the majority of them – building strata any more. That idea has flown.'

PropertyJanuary 17, 2017
GCC deficits set to narrow amid higher revenue

The UAE’s economy is predicted to experience the second-highest rate of non-oil growth, with Moody’s arguing that fiscal consolidation in Abu Dhabi will be offset by higher project spending in Dubai.

BusinessJanuary 16, 2017
Above, a rendering of Nakheel’s Dh5 billion Deira Islands Boulevard. Courtesy Nakheel
Nakheel seeks contractors for its Deira Islands Boulevard

Dubai-based developer wants to build 16 residential towers on the Dh5 billion site, which will include gardens and walkways.

PropertyJanuary 15, 2017
Above, workers build a staircase on a building at the King Abdullah Financial District in Riyadh, Saudi Arabia. Simon Dawson / Bloomberg
Impact of Saudi’s $20bn project cull not likely to be felt this year

Emirates NBD's Khatija Haque expects Saudi government spending this year to be slightly ahead of 2016.

BusinessJanuary 15, 2017
Above, a computer-generated image of the UAE Pavilion for the Dubai World Expo 2020 which was designed by Spanish architect Santiago Calatrava. AFP/ Wam
Detailed designs for Expo 2020 site in Dubai in final stages

Tenders have been issued for several aspects of Dubai’s Expo 2020 site in recent weeks, including the construction of the 15,000 square metre UAE Pavilion designed by Spanish architect Santiago Calatrava.

PropertyJanuary 15, 2017
The US president-elect Donald Trump announced that his business interests would be held in a trust run by his sons Don and Eric. Damac confirmed that Mr Trump had rebuffed its recent business proposals. Evan Vucci / AP Photo
Damac confirms Trump turned down Dh7.3bn of new deals

Company confirms it sought to extend deals, but was rebuffed by a Trump Organization that is curtailing overseas projects

PropertyJanuary 12, 2017
More than 61,000 homes are expected to be completed in Dubai this year, including 13,000 handover held over from last year. Duncan Chard / Bloomberg
Dubai property agents remain optimistic as pipeline swells

The property consultancy Cavendish Maxwell's fourth-quarter residential survey says 61,000 homes are scheduled for completion this year.

PropertyJanuary 12, 2017
The house was built using neo-Renaissance features back in 1910. Courtesy Leslie Garfield
New York townhouse on offer as a ‘blank canvas’ for Dh73.5m

The six-storey, 17-room mansion is currently being used as office space and a contemporary art gallery

BusinessJanuary 12, 2017
Dubai Carbon to provide solar lesson with rooftop panels at schools

Schools will be involved with the installation and maintenance of the system, as well as monitoring the amount of energy generated and the benchmarking of data against consumption figures.

BusinessJanuary 12, 2017
At over 828 metres and more than 160 storeys, Burj Khalifa in Dubai is the tallest building in the world. Reem Mohammed / The National
No ’super-tall’ towers in Middle East last year

Recovery expected in 2017 with up to nine supertalls due for handover including four major Dubai towers.

PropertyJanuary 11, 2017
A rendering of My City Centre Masdar mall. Courtesy Majid Al Futtaim
Majid Al Futtaim plans to open Masdar City mall in 2018

The company, which announced that it was building the mall as part of a proposed Dh30 billion worth of investments in June last year, said the new mall will be based right in the heart of Masdar City in Abu Dhabi.

BusinessJanuary 10, 2017
Etihad Esco to install solar panels at villas in Hatta

Company also plans to tender projects to retrofit Dubai International Airport's three main terminals and car parks this year.

BusinessJanuary 10, 2017
A rendering of Nakheel's Deira Islands. The project is a group of four islands containing a total of 15.3 square kilometres of land mass, which will add a new 40km stretch of coastline, 21km of which will be beachfront. Courtesy Nakheel
Nakheel makes a deal with Thailand’s Centara for Deira Islands beachfront resort

The deal with the Thai hotels operator will entail the 550-room resort hotel undertaking a soft opening in 2019.

PropertyJanuary 09, 2017
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