2 January 2020

Saudi Arabia’s mortgage loans in 2019 up to November reach SAR 69 billion

Housing loans jumped 254% in terms of number and 167% in terms of volume Residential villas received the largest portion of funding at SAR 7.2 billion A total of 155,893 mortgage loans worth SAR 69 billion were offered in Saudi Arabia by all financing institutions in 2019 up to November, figures from the Saudi Arabian Monetary Authority (SAMA) showed. Housing loans […]
26 December 2019

Emaar Properties denies plans to sell observation deck of Burj Khalifa

Filing by Emaar says it plans to raise financing against cashflows of the tourist attraction Earlier report by Reuters said that Standard Chartered had been hired to advise on the sale Emaar Properties has denied reports that it is looking to sell the observation deck of the world’s tallest skyscraper – Burj Khalifa, according to a filing by the company […]
24 December 2019

Emaar Properties plans to sell observation deck of Burj Khalifa – Report

Reuters report says the sale could raise up to AED 3.67 billion for Emaar Properties Standard Chartered reportedly hired to advise on the sale Emaar Properties is looking to sell the observation deck of the world’s tallest skyscraper – Burj Khalifa, according to a report by Reuters which quoted unnamed sources. According to the report, Emaar had appointed Standard Chartered […]
22 December 2019

Healthcare Property Market Update on Dubai Eye 103.8 FM

Aditi Hariharan, Associate Partner, Strategic Consulting and Research at Cavendish Maxwell discusses the findings of our first Dubai Healthcare Property Market Report live on the radio show Business Breakfast on Dubai Eye 103.8 FM. PODCAST: LINK
17 December 2019

Cavendish Maxwell releases first-ever healthcare property market report

Dubai, United Arab Emirates Dubai healthcare property market to extend growth as focus on sector sharpens ahead of Expo Between 2010-2018, total number of private hospitals increased from 19 to 25, registering a CAGR of 3% As of 2017, Dubai had one of the highest physician-to-population ratios in the world Government initiatives such as the Dubai Health Experience to help […]
17 December 2019

Dubai Healthcare Property Market Update 2019-2020

The report explores key themes including an overview on hospitals, clinics and health centres, medical tourism, upcoming projects as well as Dubai’s competitiveness in an international context.
12 December 2019

Khalifa Port to witness AED 4 billion expansion to boost handling capacity

Investment worth AED 2.2 billion will be made to develop South Quay and Khalifa Port Logistics AED 1.6 billion to be allocated for the expansion at Abu Dhabi Terminals Both projects expected to create over 2,800 direct and indirect jobs Abu Dhabi Ports has announced expansion plans worth AED 4 billion at its flagship Khalifa Port, seven years after it […]
11 December 2019

Warner Bros to open its first hotel in Abu Dhabi

WB Abu Dhabi will feature over 250 rooms over eight levels The USD 112 million hotel will be opened in 2021 Media company Warner Bros. announced that it will open its first-ever themed hotel in Abu Dhabi’s Yas Island in 2021. Construction of the USD 112 million hotel is now 40% complete. WB Abu Dhabi will feature over 250 rooms over […]
8 December 2019

Saudi Arabia’s construction industry displays strong growth in Q3 2019

Value of contracts in Q3 rise to SAR 47.8 billion, says US-Saudi Arabian Business Council Oil and gas leads other sectors in contract awards followed by real estate The construction industry of Saudi Arabia displayed solid growth in the third quarter, with contract awards during Q3 2019 growing 164% versus the same quarter a year ago, according to a report by […]
6 November 2019

The Residential Investor Jigsaw Part One: Yields

Wise investors recognise that yields are an important, but not the only, measure that should drive their investment portfolios, which ought to be managed for, and judged by, total return in relation to risk. Significantly for the global market, however, the wave of increasingly elderly baby-boomers, all in need of stable cashflow in retirement, means that yield is acquiring ever […]
4 November 2019

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 […]
3 November 2019

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, […]
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