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Residential communities and cultural attractions drive growth for Saadiyat Island: Cavendish Maxwell Special Report

The report provides a macroeconomic and demographic overview of Abu Dhabi and aims to highlight the key differentiators and yield profile for Saadiyat Island as an investment destination.

What’s working for co-working?

A simple business model of leasing large, coveted office space on a shared basis; a peak valuation of USD 47 billion; a mission to “to elevate the world’s consciousness”. These factors seemed to be the ideal ingredients for a successful start-up with a social conscience – WeWork. But, one look at a filing from the industry-leading unicorn as part of […]

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 […]

Latest News

New law prevents Dubai developers from collecting service charges on behalf of property owners

Common Properties Law No. 6 of 2019 came into effect on 19 November Property owners or approved property management companies to take up collection activities Developers in Dubai can no longer collect any service charges on behalf of property owners, according to the Common Properties Law No. 6 of 2019, which came into effect on November 19. Instead, property owners, […]

Aldar Properties records higher revenues in Q3 2019

Q3 revenues increased 7% on year to AED 1.6 billion Net profit for the quarter declined 8% on higher non-recurring income in 2018 Aldar Properties reported revenues of AED 1.6 billion in the third quarter of the year, an increase of 7% compared to the same period a year ago. However, net profit for the period slipped 8% to AED […]

Emaar records 20% increase in net profit in Q3 2019

Net profit for the quarter stood at AED 1.3 billion Interest from foreign investors and first-time home buyers supported growth Real estate developer Emaar Properties recorded net profit of AED 1.3 billion during the third quarter of 2019, up 20% from the same period a year ago, the company said. The group’s revenue during the third quarter also saw an […]

UAE Central Bank to relax cap on bank lending to real estate sector

UAE banks can currently lend as much as 20% of customer deposits to the real estate industry  Banks can choose to lend beyond the cap but that would incur a capital charge The Central Bank of the UAE is working to ease the rules regarding the cap on lending to the real estate sector, said the bank’s chief at an […]

Saudi Arabia's Al Akaria and Triple Five Worldwide to launch world’s largest entertainment and shopping centre

The Al Widyan project will be spread over 7 million sq m and is estimated to cost USD 5 billion First phase expected to launch in the first half of 2020 Al Akaria Saudi Real Estate Company, a Saudi Stock Exchange (Tadawul)-listed real estate developer, has announced an initial collaboration with Arabian Dream KSA, principally owned by Triple Five Worldwide, […]

Real estate sector in Abu Dhabi grew 4.6% in the last five years, official says

Rashid Abdul Karim Al Balooshi, Undersecretary of the Abu Dhabi Department of Economic Development was speaking at the International Real Estate and Investment Show (IREIS) Three-day event aimed at property buyers and investors Abu Dhabi has experienced 4.6% growth in the real estate sector over the last five years, according to Rashid Abdul Karim Al Balooshi, Undersecretary of the Abu […]

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