Property Monitor


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7 April 2021

Cavendish Maxwell launches property management services in Oman

Cavendish Maxwell, the Dubai-based chartered surveying practice and property consultancy operating in the Middle East and Africa, has launched end-to-end property management services for the Oman market, it has been announced. According to a statement by the firm, the new service line will see the team provide bespoke, strategic property management services while overseeing the financial, leasing, marketing and maintenance […]
1 April 2021

Dubai property price rise reflects healthy demand

The property market in Dubai is increasingly displaying signs of healthy demand and stabilisation with price increases recorded consistently over the past four months, providing further evidence that the market bottomed out in late 2020. For the three months ending February, prices increased 4.6 per cent, according to Property Monitor. The price recovery gained further momentum in February, with monthly […]
21 March 2021

Should you rent or buy a home? UAE residents, experts offer six tips to help you decide!

Long-time UAE residents’ tips on how they decided whether to buy or rent in the UAE Dubai: The pandemic situation has created a high demand among the residents to upgrade the sizes of their homes for better living. Attractive property prices and favourable mortgage interest rates have further fueled people’s desire to move into a self-owned home instead of a […]
9 March 2021

Cavendish Maxwell boosts consulting team with four members

Middle Eastern property consultancy Cavendish Maxwell has added a quartet of new hires to its team. P.P. Varghese, Siraj Ahmed, Abbas Junejo and Shyam Panchal have all become part of Cavendish Maxwell’s strategy and consulting team, focused on providing real estate advisory services to clients across sectors including residential, commercial, industrial, retail, education, hospitality, and leisure and entertainment. Appointed a […]
28 February 2021

UAE: What does a list price mean in real estate, and how do you make the most of it?

First-hand tips from buyers and sellers on how they got or fixed the best price on a house Dubai: The price tag of a house listed on property portals is one of the first things that draw homebuyers’ interest towards a real estate unit in the UAE. However, even when the potential home looks perfect, if the price doesn’t align […]
14 February 2021

Cavendish Maxwell marks key appointments amid expansion

The team brings experience covering real estate consulting, operations, and investment in key sectors As part of this, P.P. Varghese has been appointed as Partner and will lead Cavendish Maxwell’s strategy and consulting team. Varghese comes with over 17 years’ experience gained through advising government, private and institutional clients on single-use, mixed-use, standalone, and master planned projects. His expertise spans […]
13 February 2021

Dubai: Rent a villa for Dh37,000 to Dh85,000 in these areas

Latest trends indicate that Dubai tenants have been increasingly moving from apartments to villas and townhouses since the outbreak of the Covid-19 pandemic. The trend is driven by families’ need to have more space. Several residents continue to work from home and their children learn online. This change in tenants’ preference was reflected in data released by Chestertons, which suggested […]
8 February 2021

Abu Dhabi hotel performance ‘on par’ with Dubai says report

UAE capital city Abu Dhabi reported hotel occupancy rates ‘on par’ with Dubai by the end of 2020, according to a report from Cavendish Maxwell. Citing data from STR Global, the UAE Property Market Report hailed Abu Dhabi for its range of measures to stem the spread of COVID-19. Between 30 November and 6 December, Abu Dhabi had higher occupancy than neighbouring […]
8 February 2021

Abu Dhabi property: Strong supply to keep rentals, prices under pressure

Supply of new residential property units in Abu Dhabi is expected to see a big spike in Abu Dhabi this year, keeping prices and rentals also under pressure though a few established residential districts witnessed green shoots of recovery in the last quarter of 2020, say analysts. Similar to Dubai, tenants in Abu Dhabi are also looking to move away […]
6 February 2021

Dubai rents alert: Get a flat for as low as Dh20,000

Dubai South, International City, Sports City and Town Square are the most economical areas to rent an apartment in Dubai. The latest data released by real estate consultancy Cavendish Maxwell showed that Dubai South is the most economical area to rent a studio and one-bedroom apartments, while International City will cost the least for a two-bed room one. On the […]
3 February 2021

Hotel occupancy rate needed to break-even has dropped, finds report

Consultants Cavendish Maxwell have stated that the occupancy rates needed to break-even in the Dubai hospitality market have lowered. In its UAE Property Market Report, it found that a range of cost-cutting measures introduced by hoteliers last year amid the pandemic have caused a market shift. It explained: “Some others have used the pandemic as opportunity to revisit and cut […]
2 February 2021

Economic recovery and rising oil prices to support UAE property market recovery

Selective improvements in some communities, a global economic recovery and rising oil prices all provide signs for optimism for the UAE’s property market for the year ahead, a new Cavendish Maxwell report states. “Investors in real estate markets throughout the UAE have three good reasons to feel more optimistic about the year ahead,” Julian Roche, chief economist at Cavendish Maxwell […]
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