Property Monitor

News

Stay up to date with the latest market news

27 April 2021

Buoyancy returns to Dubai realty

The Dubai property market continued to strengthen in Q1 2021 to record the first yearly price increases since 2015 while displaying new and promising markers for growth each month. In March, with a rise of 1.3 per cent to Dh873 per sqft, realty prices have recorded the first year-on-year increase since February 2015 while confirming the strong reversal of the […]
22 April 2021

UAE: Best way to buy property – via your developer’s payment plans or bank mortgage EMIs?

Dubai: The UAE real estate market currently presents the most attractive prices and deals, making 2021 the best time to invest in property. You would either want to purchase property to build your investment portfolio or live in the unit as an end-user. The range of developers’ options on payment plans and attractive bank interest rates on home loans makes […]
7 April 2021

What are the insurance implications associated with property in the UAE?

The Royal Institution of Chartered Surveyors (RICS) has stated that reinstatement cost assessments (RCAs) must be conducted every three years. Ideally, this should be done every year, so that the “figures are updated and the correct levels of insurance are met,” Walker said. Explaining that RCAs have been made “mandatory” for jointly-owned properties by Dubai Real Estate Regulatory Agency (RERA), […]
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

How can buildings in UAE navigate insurance implications of fires?

Building fires were listed among the top ‘site risks’ by the United Nations’ International Labour Organisation (ILO) in 2019. Over the years, safety holds multiple definitions for the industry, but the question remains: how has the industry adapted to be better equipped to tackle fires?  The Sharjah Abbco Tower fire in May 2020, which gutted the “49-floor tower of 328 residential […]
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 […]
18 March 2021

Is there scope for building inspections to continue remotely?

The construction industry is not unfamiliar to a digitally-driven way of working. Technology has evidently been at the fore of construction, engineering and design processes. For different fragments of the sector, this forced acceleration of technology generated varied results. In some cases, processes were made more efficient and smooth, however, the switch to a remote way of working potentially posed […]
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 […]
4 March 2021

Has Dubai’s office market changed for the better or worse?

The ongoing pandemic has put a spanner in the works for Dubai’s office market. But, is the situation getting worse before it gets better? Perhaps, not, but what’s certain is that the office market is changing in response to the current situation. New work arrangements and workplace strategies induced by the ongoing pandemic have created the need for changes in […]
SIGN UP
Menu
Quick Links
Follow us