24 April 2019

Expo 2020 to give UAE economy AED 122.6 billion boost according to latest report

Report suggests Expo 2020 will create nearly 50,000 full-time jobs Event is expected to account for nearly half of 1% of UAE’s total GDP More than 25 million visitors expected in Dubai for Expo 2020 As Expo 2020 approaches, many businesses are hoping to affect a turnaround from the current economic downturn. According to the latest Ernst & Young (EY) […]
23 April 2019

Top 100 start-ups first in line to receive new long-term UAE visas

At the recently concluded World Economic Forum held in Jordan, the UAE government announced that it will grant long-term visas for the top 100 start-ups. Currently, the scheme is valid for Arab start-ups, including promising technology ventures in Egypt, Morocco and Palestine, and is expected to be extended to other regions soon. The new five-year visas, announced by Abdulla bin […]
22 April 2019

Average villa/townhouse sales price declined to AED 4.5 million in March: Property Monitor Dubai House Price Index

House price declined 1.7% month-on-month Average house price now under AED 2.6 million Prices in certain communities declined by more than 12% Property Monitor, the UAE’s leading real estate intelligence platform from Cavendish Maxwell, has released its Dubai House Price Index for March 2019. The index has been tracking the prices of a selection of apartments and villas/townhouses since September […]
18 April 2019

Growing need for credible asset valuation as GCC banks face testing times with loan impairments under new international standards

The next 12-24 months could potentially have adverse effects on the asset quality of GCC banks, according to leading analysts. Loan impairments are likely to go up as a result of less supportive economic environments and mandatory loan classifications under new International Financial Reporting Standards (IFRS) 9, which could result in asset value deterioration in the GCC. According to Mohammad […]
17 April 2019

Soft demand and pressure on prices continue in Q1 2019: Cavendish Maxwell UAE Property Market Report

UAE-wide report provides key insights into residential, commercial, industrial, hospitality and retail sectors Price and rent research and analysis of real estate trends throughout the seven emirates Key new projects and master developments in the UAE to continue to impact prices Cavendish Maxwell, a leading property consultancy and chartered surveying firm in the Middle East, released its UAE Market Report for […]
11 April 2019

Developing a robust tourism strategy will ensure long-term success for growth in Oman

By: Adam Fitzpatrick, Associate Partner, Cavendish Maxwell Oman The development of Oman’s tourism infrastructure has been a talking point since the Oman Tourism Strategy 2040 (OTS) was announced in 2016. The 24-year plan is central to the country’s economic diversification strategy, particularly with its significant appeal for tourists, from the natural beauty of its mountains, coasts, deserts and wadis, to […]
10 April 2019

Oman’s Retail Property Sector: It’s not just about shopping!

By: Adam Fitzpatrick, Associate Partner, Cavendish Maxwell Oman Retail activity has gripped the region in the past 10 years with the construction of more impressive complexes, new grand retail malls, big retail concepts and entertainment centres to create family day experiences. The change in Muscat, and Oman overall, has been no different as the shopping experience has evolved from the […]
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