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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 plan that will enable us to get closer to clients, demonstrate our exceptional capabilities and meet the growing demand for our real estate services in Oman.”
The office will be based in Muscat, home to more than 30% of the country’s population. Despite the situation with oil prices, significant investment in a variety of enhanced oil recovery techniques has boosted output in recent years. Non-oil activity is also high on the government’s agenda, specifically in the tourism industry with the World Travel Tourism Council estimating total investment in the sector to hit $1.17bn by 2026.
The economy, well established property laws and Oman’s huge potential as a popular tourist destination presents significant opportunities for the real estate sector. Increased infrastructure spending and employment avenues are expected to boost demand for residential, commercial and specialist property classes. The need in a developing economy for reliable real estate data and trusted market intelligence is essential for building transparency, especially for banks, developers and property owners. “A lot of landlords and developers have very limited information about the real estate market, such as what to build, what the market needs and the risks that different parties face prior and during the development process and after completion,” says Khalil Alzadjali, the newly appointed Head of Oman at Cavendish Maxwell. He points out that “the government and private sector should embrace working together in order to assist and improve the real estate market in Oman, such as by controlling tax on properties and ensuring transparency on property information.” Mr. Alzadjali has more than 14 years’ experience in the real estate industry in Oman. After beginning his career in property valuations in 2003, he has since worked with numerous developers, banks and private clients across the Sultanate.
Cavendish Maxwell, which is RICS certified, has grown into one of the UAE’s largest and most successful real estate companies, employing more than 70 people across 8 departments. It is highly regarded for its high professional standards and is trusted by more than 35 domestic and international banks throughout the UAE. As a result, Cavendish Maxwell is uniquely positioned to advise and assist clients across many different sectors in Oman.
Commenting on the new office opening, CEO Nigel Armstrong said he is delighted with the company’s progression and development. “Cavendish Maxwell can demonstrate an enviable track record of professional and efficient client services across a broad spectrum of service lines, including commercial and residential valuations, building surveying, machinery and business assets, investment and commercial agency and strategic consulting and research. Oman and the wider Middle East offers great prospects for the company’s continued expansion and growing client base and we are extremely excited about the opportunities ahead. Our intention is to make sure that Cavendish Maxwell continues to achieve many more milestones over the coming years.”
Cavendish Maxwell is a highly respected independent firm of chartered surveyors and property consultants, focusing on property services throughout the Middle East and Africa. Established in 2008, Cavendish Maxwell is now one of the region’s most in influential property consultancies, employing over 70 people from offices in Dubai, Abu Dhabi and Muscat.
As a fully qualified member firm of the Royal Institution of Chartered Surveyors (RICS), and with extensive knowledge of the region, Cavendish Maxwell has the necessary experience, expertise and insight to deliver property advice of the highest standard. The company’s reports are used for loan security, audit, insurance reinstatement, dispute resolution, risk management, debt recovery and performance analysis.
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