News

Cavendish Maxwell, the UAE-based property consultancy, is strengthening its Middle East presence with the opening of a new office in Muscat, Oman. It marks another key milestone for the firm following the successful relocation of its Abu Dhabi office in May 2017. Cavendish Maxwell’s founder and chairman, Jay Grant, said “the move is part of an ambitious yet sensible expansion […]

Marginal price declines continue, averaging 1% year on year for apartments and villas/townhouses in Dubai and 2% in Abu Dhabi during Q2 2017 Average rents in Q2 2017 have declined moderately compared to the fourth quarter of 2016 Cavendish Maxwell Residential Survey reveals that for Q3 2017 the majority of agents predict apartment and villa prices as well as rents […]

As the region’s construction and equipment market matures further and increase global compliance, machinery and assets valuation is assuming greater importance than ever before. Cavendish Maxwell’s Patrick Ditcham, tells CMME how his company making the most of the situation. As every equipment and fleet owner knows. your machinery is only as valuable as the project it is working on right now. […]

Manika Dhama, senior consultant at Cavendish Maxwell, weighs in on current and future scenarios in Dubai’s real estate sector. Residential properties saw a decline in prices for apartments and villas in Q1 2017, averaging 1.0% in comparison to last year. Although the rate of decline has slowed in comparison to Q1 of 2016, the ongoing decline over the past year […]

Cavendish Maxwell continues its ambitious growth by appointing Sohail Raja as head of its Abu Dhabi office, which has recently relocated to Abu Dhabi Mall. Sohail joins Cavendish Maxwell from Chestertons where he spent three years as director and branch manager of Abu Dhabi and head of valuations. Sohail is a qualified chartered surveyor with a proven track record of […]

Property Monitor saw price declines continue in Abu Dhabi during Ql of 2017. Apartments in Al Ghadeer, Al Reef Downtown, and villas in Al Raha Gardens and Al Reef all experienced annual declines of more than 1.0% on average. Downward pressure on housing demand is expected to continue in Abu Dhabi, due to job uncertainty resulting from high-profile mergers of […]

Cavendish Maxwell announced today that Patrick Ditcham has joined the firm as a partner and joint head of their machinery and business assets department. Patrick Ditcham joins Cavendish Maxwell from the UK where he was a director working for Lambert Smith Hampton. Patrick is a chartered surveyor with over 28 years’ valuation and auctioneering experience in many locations around the […]

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 […]

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 […]

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 […]