News
Stay up to date with the latest market news
28 June 2020
In the aftermath of the Covid-19 pandemic, amid a perennial pursuit of digitisation to empower education, how bright is the outlook for the GCC’s education sector? Benjamin Franklin said: “An investment in knowledge pays the best interest.” Recognising education as a fundamental stepping stone to economic and social development, several nations worldwide have invested heavily in their academic spaces. Effective […]
18 June 2020
One-bedroom apartment prices averaged 875,000 riyals in Jeddah Real estate prices in Saudi Arabia rose 1.2 per cent year-on-year during the first quarter, largely driven by residential property prices as government initiatives to promote home ownership among its citizens underpin activity. Residential property prices, which had been falling due to a decline in the number of expats, rose 2.1 per […]
18 June 2020
Cavendish Maxwell, a leading property consultancy and chartered surveying firm in the Middle East, released its Saudi Arabia Property Market Report for 2020 comprising key property data and trends for the country’s real estate sector. The industry report was compiled by the firm’s in-house strategic consulting and research team, and covers key data and overviews into the residential, office, retail, […]
17 June 2020
Dubai, United Arab Emirates Residential sector drives real estate price increase in Q1 but recovery may face headwinds: 2020 Saudi Arabia Property Market Report • In Q1 2020, residential property prices rose 2.1% year-on-year, whilst commercial real estate declined 0.5% during the same period. • Some hotels have been transformed into quarantine centres to curb the spread of COVID-19, raising […]
11 June 2020
Ajman absorbs biggest rent drop at 19% annually As average apartment rents across the Northern Emirates remained under pressure during the first quarter, falling by 12 per cent year-on-year, analysts expect the trend to continue amid the coronavirus pandemic. According to data from Cavendish Maxwell, average annual rents in Sharjah range from Dh16,500 for a studio to Dh42,000 for three-bedroom […]
4 June 2020
Property Monitor Dynamic Price Index revealed prices are down almost 30% since peak of 2014. Property prices in Dubai are down almost 30 percent from the market peak in September 2014 and are just 10.4 percent away from the trough of April 2009, according to the latest Property Monitor Dynamic Price Index. Prices in the emirate saw a marginal increase […]
3 June 2020
Prices in April stood at Dh866 per square foot, according to Cavendish Maxwell’s Property Monitor. Dubai property prices in April rose 0.49 per cent from a month ago, helped by a rise in off-plan transactions, a new report found. Prices in April – the month during which the UAE enforced stay-at-home directives – stood at Dh866 per square foot on […]
2 June 2020
The volume of transactions went down 47% in April compared to March. Dubai property prices experienced an “unexpected” uptick in April, with prices increasing 0.49 percent from the previous month, according to new data from Property Monitor. In its monthly market report, Property Monitor said prices in April stood at AED 866 per square foot in April, slightly above March’s […]
2 June 2020
Off plan accounted for 72.1 per cent of transactions in April compared to only 27.9 per cent for resale. Dubai property prices recorded a slight unexpected uptick in April as off-plan sales registrations eclipsed resale. According to Property Monitor data, prices in April stood at Dh866 per sq ft, 0.49 per cent higher than the Dh862 per sq ft recorded […]
19 May 2020
Stakeholders must prioritise lifecycle costing from the inception stage of a project to reduce wastage and reap future cost efficiencies All project owners start out with the intention to achieve cost efficiency on their projects, not just at the time of development but across the project’s lifecycle. In some cases, however, efforts to estimate lifecycle costs are minimal and other […]