News

Cavendish Maxwell, the UAE’s leading real estate advisory and largest property valuation firm, has announced that it will be acquiring a majority stake in real estate technology and market intelligence specialists Property Monitor. This acquisition marks the first move from Cavendish Maxwell in establishing a real estate innovation hub aimed at bridging the gap between traditional expertise and artificial intelligence […]

Cavendish Maxwell, an independent firm of chartered surveyors and property consultants in the Middle East, has appointed Jed Wolfe as Regional Director. From their recently opened office in Manama, Jed will lead business growth across the Gulf Cooperation Council (GCC). Commenting on the appointment Chris Taylor, Group CEO said:“We are delighted to have Jed on board to grow our existing […]

Former CEO at Abu Dhabi Finance Chris Taylor brings over 25 years of experience in real estate and financial services to the chartered surveying firm and property consultants

What are some of the operational changes within the hospitality sector that you expect will endure post the pandemic? There have been many operational changes within the hospitality sector as owners and operators battled for survival during the pandemic, but a large proportion of these changes may warrant a return to status quo once the pandemic is under control. These […]

The Dubai Expo 2020, a six-month-long extravaganza of innovation, was forecast to be an antidote to the emirate’s lackluster luxury property market last fall. One year on and the high-end market is thriving all on its own, and the Expo—now kicking-off Oct. 1 after being pushed back from its original Oct. 20, 2020 start date as a result of the […]

Dubai’s apartments are poised to lead the next leg of property market recovery this year, as the supply of villas in the emirate is beginning to dwindle, an analyst said.  Dubai’s real estate has started to recover since prices bottomed out in November last year. But the positive performance has been dominated by single or detached homes, as well as […]

Property prices in Dubai rose for the tenth month in a row in August and are likely to continue their upward trajectory over the next two years, according to consultancy Property Finder.  Villa and apartment sale prices in Dubai have been going up since they hit their lowest levels in November 2020, reaching 956 dirhams ($260) per square foot last […]

Dubai: Buying a home is a dream come true for most people. It’s also a form of a forced savings system, as every instalment made towards the payment of your home helps build home equity. So, what is home equity? Equity is the difference between what you owe on your mortgage and what your home is currently worth. Here’s an […]

Property prices in Dubai rose 15 per cent in July, as the emirate’s economy recovers from the coronavirus pandemic on the back of the UAE’s vaccination programme and new stimulus measures, according to Property Monitor. The average property price in the emirate climbed to Dh941 per square foot ($256) last month from Dh818 per square foot recorded during the same […]

July was the strongest month on record for Dubai’s luxury housing market, according to a report Wednesday from Cavendish Maxwell. High-end homes, those priced at AED 10 million (US$2.7 million), grew to make up a 3.4% share of total home sales last month, up from 2.3% in June, according to Property Monitor, the data arm of Cavendish Maxwell. There were […]

The UAE government’s prudent handling of the pandemic, a high vaccination rate and a desire for space have seen overseas buyers, especially Europeans, flocking to Dubai’s real estate market over the first two quarters of 2021.  Richard Waind, Group Managing Director, Better Homes said European buyers are among the top investors buying property in Dubai.  He said: “We saw a […]

Hear the COO of Property Monitor, Zhann Jochinke discuss the latest findings from the Property Monitor monthly market report on the Business Breakfast show, Dubai Eye 103.8 FM.