News
Stay up to date with the latest market news
4 June 2017
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 […]
31 May 2017
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 […]
18 May 2017
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
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
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 […]
