News

The hospitality sector in Oman is experiencing a robust surge, with hotel revenues rising by more than 18% in the first nine months of 2025, according to Cavendish Maxwell. This growth signals strong momentum in Oman’s tourism industry, positioning it as a growing regional hub for international and domestic travellers. The increase in hotel revenues, totalling OMR 193.4 million (US$505 million), is reflective of a wider trend of higher occupancy […]

Hotel revenues in Oman rose by more than 18% year-on-year between January and September 2025 to reach a new nine-month high of RO 193.4 million ($505 million), according to leading real estate advisory and property consultancy, Cavendish Maxwell. In the same period, room revenues climbed by nearly 21%, occupancy rose by 13%, hotel guest numbers grew by 9% and employment […]

Residential sales values in Saudi capital Riyadh hit SAR17.6 billion ($4.69 billion) in Q3 this year as the city prepares to deliver 57,000 new units in 2026 and 2027, according to new research from leading real estate advisory and property consultancy, Cavendish Maxwell. The residential sales transactions in Riyadh reached 13,000 between July and September 2025, up nearly 19% on […]

Dubai: Dammam has emerged as Saudi Arabia’s hottest property market in Q3, posting record 3,000 transactions worth SAR3.2 billion, up 60% year-on-year and 37% from Q2. The Eastern Province city attracts end users and investors with more affordable prices amid affordability strains in Riyadh and Jeddah. Riyadh still dominates values at SAR17.6 billion from 13,000 deals, up 19% quarterly, though down […]

Residential property sales in Riyadh reached SAR17.6 billion ($4.69 billion) in the third quarter of 2025, as the Saudi capital prepares for the delivery of 57,000 new housing units over the next two years. According to data from real estate advisory Cavendish Maxwell, around 13,000 residential transactions were recorded in Riyadh between July and September, up nearly 19 per cent […]

Tecom Group, a developer and operator of business parks and free zones in Dubai, has launched the fourth phase of Innovation Hub in Dubai Internet City. The expansion is intended to address strong demand for office space in the emirate, the company said in a statement to the Dubai Financial Market. The new phase will add a gross leasable area […]

In an age where culinary capital is often measured by heritage, think Parisian bistros or New York delis, it’s time to recognise Dubai’s rapid ascent. A decade ago, such a claim might have seemed audacious. Today, Dubai is poised to outrank Paris, London, Tokyo, and New York as the world’s leading food capital. Dubai welcomed a record-breaking 18.7 million overnight […]

Saudi Arabia’s real estate sector is entering a new regulatory phase after the government overhauled the White Land Tax (WLT) regime and imposed a five-year rental freeze in Riyadh. Together, these two measures aim to cool speculation, stabilise prices and accelerate housing development in line with Vision 2030. Approved by Royal Decree No. (M/244) in April 2025 and published in […]

Dubai, UAE – Abu Dhabi City plans to deliver 8,000 new residential units by the end of 2025, with an additional 12,800 on the way in 2026, according to new research by leading real estate advisory and property consultancy, Cavendish Maxwell. Some 2,700 apartments, townhouses and villas came to the market in the UAE capital during the first nine months […]

Abu Dhabi city plans to deliver 8,000 new residential units by the end of 2025, with another 12,800 scheduled for 2026, research from real estate advisory Cavendish Maxwell showed on Thursday. Around 2,700 apartments, townhouses and villas were handed over in the first nine months of the year amid continued demand from end-users and investors. A further 12,400 units are slated for […]