Property Monitor
18 May 2017

IASB finalises fundamental overhaul of insurance accounting

Alert by IFRS The International Accounting Standards Board (the Board) has today issued IFRS 17 Insurance Contracts. This first truly international IFRS® Standard for insurance contracts will help investors and others better understand insurers’ risk exposure, profitability and financial position. IFRS 17 replaces IFRS 4, which was brought in as an interim Standard in 2004. IFRS 4 has given companies […]
10 April 2017

Cavendish Maxwell releases Q1 2017 Dubai and Abu Dhabi Residential Reports

Marginal price declines continue, averaging 1.0% year on year for apartments and villas in Dubai and Abu Dhabi in Q1 2017 Average rents in Q1 2017 have declined moderately compared to the fourth quarter Cavendish Maxwell Residential Survey reveals that for Q2 2017 the majority of agents predict apartment and villa prices as well as rents to remain unchanged Cavendish […]
13 March 2017

Mortgage of Movable Assets – a new Federal Law in the UAE

In a move that will be welcomed by financial institutions across the UAE, Federal Law No. 20 of 2016 concerning the Mortgage of Movable Assets to Secure a Debt (“Law”) has been passed. We are not aware as yet when the Law will be published (if not already), however the Law will come into force 90 days from publication. The […]

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