Opinion

Hear our experts’ take on the latest developments and trending topics

6 May 2019

Accurate data critical to UAE banks mitigating risks of loan impairments under IFRS9 guidelines

Under new International Financial Reporting Standards (IFRS) 9, all GCC banks compliant with the standards are required to break down investment portfolios into pre-defined stages. Accordingly, Stage 2 – referred to as underperforming, where credit risk has increased significantly since initial recognition – warns stakeholders to account for expected credit losses, especially since the classification could lead to business troubles […]
30 April 2019

Real estate markets and stock markets: two stories, or just one?

Why does it matter? Real estate indices generally exhibit a much smoother and less volatile evolution than listed real estate return performance. This is explained by three data measurement issues: the impact of property valuations rather than actual transactions, the aggregation bias of combining results over time, and the effect of financial leverage in listed entities which increases the volatility […]
28 March 2019

Rise of the New Sectoralism

New sectoralism implies that the traditional real estate sectors, including residential and industrial, are no longer fit for purpose in the majority of international markets.
6 March 2019

Gulf Real Estate: Year in Prospect

Healthy macroeconomics: What ought to distinguish an economic from a purely market perspective on real estate is as close a focus as possible on why market variables are performing the way they are, as a guide to how much they are likely to change in the future. The starting point, as ever, is macroeconomics. Studies in OECD countries, which now date back […]
31 January 2019

The Gulf Real Estate Year in Review

A market in perspective: Economists are a sober lot, generally. Facts alone do not satisfy us. At a macro-economic level, our interests lie predominantly in the relationships between economic indicators, market performance and policy-based decision-making. We are generally wary of speculation, preferring to base our analysis on the links between economic data wherever possible. Identifying the reasons behind the performance […]
1 November 2018

Perfect Time to Buy?

Property Monitor’s Moe Abeidat discusses buying property in Dubai and the factors that influence purchasing decisions. One thing that stood out, amidst our last sprint to publish Cavendish Maxwell and Property Monitor’s Q3 2018 Residential Market Report for Dubai, is how today’s average prices for a villa/ townhouse and apartment, $517,000 and $327,000 respectively, are approximately the same as in […]
1 October 2018

Further Lessons from Tragedy

Cavendish Maxwell’s Craig Ross discusses developments in fire safety standards in the UK and UAE. Following my article in August 2017 on the subject of building fires in Dubai, and following the Grenfell fire tragedy in the UK, there have been several interesting developments in both the UK and the UAE, in terms of fire safety standards. While the Grenfell enquiry […]
10 July 2018

Delivering a new economic future

Moe Abeidat, CTO at Property Monitor, analyses what sort of impact the latest amendments to residency laws in the UAE will have on the country’s real estate market   This May, the UAE Cabinet announced a number of amendments to current residency laws, a move that has created a stir in the country’s real estate market, with a number of […]
2 March 2018

The Problem of Existing Building Stock

A noticeable shift in trend in the construction sector during 2017 has been a growing awareness amongst clients and consultants of the ageing building stock in the region. Words like refurbishment, retrofit and re-use have become commonplace in meetings, conferences and debates, and the ‘existing building problem’ is the elephant in the room that is conveniently avoided when looking at […]
9 January 2018

Progression of Fire Safety in the UAE

Prior to 2010, the UAE had limited fire regulations, the design of towers being dependent on the Building Code, and designer adoption of the National Fire Protection Association (NFPA) and International Building Contracting (IBC) guidelines. Due to recent tower fires, Dubai has been working towards adopting tougher fire regulations. The revisions in the UAE’s 2013 Fire and Life Safety Code […]
5 December 2017

Homeowners Get Smart

Smart Homes Over the past few decades, technology has gradually developed and become more integrated into the built environment, influencing the way we live and work in our buildings.  “Smart Home” is the term commonly used to define a residence that has installations such as lighting, air conditioning, audio, video and security systems that are capable of communicating with one […]
3 December 2017

Sold with a Click

The Rise of the Online Auction Most people in the GCC are fully aware of what an auction is nowadays, with regular sales of contractors’ plants, number plates, vehicles, camels and fine art held across the region. However, the online auction is a relatively new concept to the region. Online auctions are carried out similarly to traditional auctions, with the […]
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