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Q3 2019 UAE Property Market Report

Real estate market conditions remained similar to the previous quarter as prices and rents continue to soften. However, price declines have brought properties within the reach of many, with transaction volumes increasing and tenants choosing to upgrade to better locations and larger units.

Interest rates, lending and the real estate market

What has happened Responding swiftly to the cut in interest rates by the US Federal Reserve, the UAE central bank followed suit in September this year with a reduction of 25 basis points to 2.25%. This is far from a historic low: interest rates in the UAE averaged 1.43% from 2007 until 2019, reaching an all-time high of 4.75% in […]

2019 Saudi Arabia Property Market Report

Cavendish Maxwell’s first Saudi Arabia Property Market Report for 2019 covers key data and overviews into the residential, retail, office and industrial, and hospitality sectors.

Why short-term rentals are essential for long-term growth

Short-term rental accommodation, or holiday homes, have been a hot topic of discussion over the past couple of weeks, first because of Emaar Properties’ entry into the space with its short-term rentals platform Ease by Emaar, followed by the developer banning such stays in its Downtown Dubai community with effect from September 19. Apart from the fact that the move […]

The e-commerce impact: Beyond retail into real estate

We’ve been listening to news of an increasing number of stores announcing closures, citing unviable trading conditions in the face of heated competition from e-commerce and changing preferences of a new demographic. The latest retail giant to report trouble is Forever 21, who as of last week was preparing for a potential Chapter 11 bankruptcy filing. The ramifications of these […]

Robots, Buildings and Investors: Corporate valuation for developers in the new era for real estate

Business valuation has always relied on the triangulation between three different methodologies: discounted cashflow (DCF), comparable analysis, and some form of dividend valuation approach.

Latest News

Cavendish Maxwell's Q3 UAE Property Market Report Now Released

Average apartment prices in Dubai declined 16.5% in Q3 2019 from Q3 2018, and villa/townhouse prices declined by 15% during the same period.

UAE Central Bank lowers early settlement fee for mortgages

Fee reduced from 3% to 1% or AED 10,000, whichever is lower Customers who have paid the fee can get a refund within 30 days The UAE Central Bank has issued a new directive under which banks can no longer charge a 3% early settlement fee for borrowers who wish to exit their mortgage early. Banks will instead need to reduce […]

St. Regis to open first property in Oman in Al Mouj Muscat

Hotel to feature 271 luxury rooms and 170 branded residences Under-construction property to open in 2022 Hotel operator Marriott International will open its first St. Regis branded property in Oman’s Al Mouj Muscat development, a partnership between the Government of Oman, UAE’s Majid Al Futtaim Properties and Oman National Investments Development Company (Tanmia). The St. Regis Al Mouj Muscat Resort, […]

Property Monitor appoints Zhann Jochinke as Chief Operating Officer

Property Monitor is the region’s only real estate intelligence platform powered by RICS-accredited professionals Dubai, United Arab Emirates 07 October 2019 Leading real estate data analytics and market intelligence platform Property Monitor, today announced the appointment of Zhann Jochinke as Chief Operating Officer of the company. Jochinke will be spearheading the growth, diversification, and expansion of the firm and its […]

Dubai records 135% growth in FDI in H1 2019 at AED 46.6 billion

257 FDI projects in the first half of 2019 Dubai ranked third in the world for attracting FDI Dubai received foreign direct investment (FDI) worth AED 46.6 billion in the first half of 2019, representing growth of 135% compared to the same period last year, according to Dubai Investment Development Agency (Dubai FDI), part of Dubai Economy, the emirate’s economic […]

In Sharjah, developers are doing just fine for now

Dubai: Developers putting up prices on new releases; investors able to sell in the secondary market at rates higher than what they bought for — it’s all happening in Sharjah. And yes, at a time when other property sub-markets in the UAE continue to see a contraction in property values. For a second straight year, Sharjah’s real estate sector is […]

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