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1 November 2018
Cavendish Maxwell weighs in on how Dubai’s residential real estate sector fared in Q3 of this year. Transacted prices for villas and townhouses settled lower than the 2017 average during Q3 2018, and the price gap between apartments and independent homes is narrowing. Prices for apartments are also shifting towards the lower end of the band, averaging $326,000 in Q3 2018. […]
1 October 2018
Jay Grant speaks to Jason Saundalkar about Cavendish Maxwell’s early days, real estate data platform Property Monitor and expanding into new territories. Independent property consultancy Cavendish Maxwell (CM) celebrates its tenth anniversary this month. The firm was founded by Jay Grant in October 2008, and he continues to be a driving force as chairman. Today, the firm has nine departments […]
16 August 2018
Cavendish Maxwell report provides an outlook for the Dubai hospitality real estate market segment as occupancy rates decline due to increased supply Overall occupancy rates increased by 0.5% in Dubai during 2017, predominantly due to expected supply not entering the market and an increase in recorded guest numbers. However, as of Q2 2018, increases in supply of 4% have outpaced […]
8 August 2018
Price and rent declines continued in the Dubai residential market during the second quarter of 2018. The latest data from the Property Monitor Index indicates that apartment and villa/townhouse prices have registered 12 month declines of 2.9% and quarterly declines of 1.1%. Buyers continue to be in the driving seat in the off-plan market. Developers are offering special incentives such […]
1 August 2018
Walker will be responsible for day-to-day management of the Project and Building Consultancy team supporting Head of Department, Craig Ross, to further develop the business line. Walker will add extensive international experience and knowledge which will strengthen the capabilities of the team. Walker brings over 13 years of building surveying and project management experience gained in both the UK and more […]
3 July 2018
Moe will be responsible for the continued development of Property Monitor, the real estate data platform, harnessing his extensive experience in software development and property and financial technology. Abeidat brings two decades of experience in technology leadership in Canada and the UAE, delivering world-class large-scale B2B and B2C solutions for various companies including NASDAQ listed ADP (NASDAQ: ADP) and Pelmorex […]
16 May 2018
Off-plan sales dominated the market in 2017 with attractive sales prices and payment plans for a wider base of buyers. During the same period, secondary market sales remained fairly consistent with traditional favourites Dubai Marina and International City leading the apartment tally and most recently Akoya Oxygen, Emirates Living and International City being the top performing areas for villas/townhouses. Since […]
2 March 2018
Ras Al Khaimah Residential Market Ras Al Khaimah’s real estate sector has seen a substantial increase in development activity and a change of demographics over the past 10-15 years. The emirate has witnessed rapid development of its tourism industry and increasing employment and economic activity in the manufacturing, industrial, retail, education and hospitality sectors. Additionally, the emirate offers wider freehold […]
2 February 2018
The Ajman residential property market has in the past primarily catered to residents looking for a cheaper alternative to neighbouring emirates of Sharjah and Dubai. During the market peak of 2011 and beyond, residential projects closer to the Sharjah border fulfilled the demand for affordable housing for expatriates who made up 83% of the total population in 2015 and have […]
31 January 2018
Declines in residential property prices averaged 1.8% for apartments and 2.4% for villas/townhouses across Abu Dhabi investment zones over 12 months Declines in residential property rents averaged 3.3% for apartments and 3.7% for villas/townhouses across Abu Dhabi investment zones over 12 months 2017 witnessed limited handovers in Abu Dhabi investment zones, amounting to 2,400 units Abu Dhabi, 31 January 2018: […]
21 January 2018
Residential property prices registered 12 month decline of 2% on average while rents declined by 4% Off-plan residential properties accounted for most of the total transfers during the year, with more than 24,900 transactions in 2017 Over 21,600 units were handed over in Dubai during 2017 Property Monitor Residential Survey reveals that for Q1 2018 the majority of agents are […]
2 January 2018
Sharjah, the third largest emirate with a total land area of around 2,600sqkm, borders Dubai to its south, Ajman and Umm Al Quwain to its north and Ras Al Khaimah to its east. Sharjah has become an alternative rental housing option to Dubai, due to the availability of lower-cost housing and regular migration between Sharjah and Dubai. Coupled with this, […]
