News

Dubai Q3 residential market review In 2017 residential property transaction prices traded within a close range of AED 1.25 to 1.5 million for apartments and AED 1.7 to 2.1 million for villas/townhouses on average. The lower priced inventory continued to enter the market in locations such as Dubailand for villas and Dubai South, Jumeirah Village Circle and Al Furjan for apartments, […]

Property Monitor just became the only real estate data source in the United Arab Emirates (UAE) to provide a real-time real estate index to Bloomberg to display on their terminal. As of October 2016, there were 325,000 Bloomberg Terminal subscribers worldwide. The Bloomberg Terminal is a computer software system provided by the financial data vendor Bloomberg that enables professionals in […]

Marginal price declines continue, averaging 1.2% year on year for apartments and 1.4% for villas/townhouses in Dubai during Q3 2017 Average rents in Q3 2017 have declined at a faster pace than prices over the last twelve months Property Monitor Residential Survey reveals that for Q4 2017 the majority of agents are predicting apartment and villa/townhouse prices as well as […]

Manika Dhama, senior consultant at Cavendish Maxwell, comments on how Dubai’s residential market fared during Q2 and Q3 of this year. The number of transactions for off-plan properties on the first day of Cityscape in 2017 increased three times, from 37 to 106, year-on-year. This is a significant leap in activity compared to previous years. This wasn’t the only record […]

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 […]

Marginal price declines continue, averaging 1% year on year for apartments and villas/townhouses in Dubai and 2% in Abu Dhabi during Q2 2017 Average rents in Q2 2017 have declined moderately compared to the fourth quarter of 2016 Cavendish Maxwell Residential Survey reveals that for Q3 2017 the majority of agents predict apartment and villa prices as well as rents […]

As the region’s construction and equipment market matures further and increase global compliance, machinery and assets valuation is assuming greater importance than ever before. Cavendish Maxwell’s Patrick Ditcham, tells CMME how his company making the most of the situation. As every equipment and fleet owner knows. your machinery is only as valuable as the project it is working on right now. […]

Manika Dhama, senior consultant at Cavendish Maxwell, weighs in on current and future scenarios in Dubai’s real estate sector. Residential properties saw a decline in prices for apartments and villas in Q1 2017, averaging 1.0% in comparison to last year. Although the rate of decline has slowed in comparison to Q1 of 2016, the ongoing decline over the past year […]

Cavendish Maxwell continues its ambitious growth by appointing Sohail Raja as head of its Abu Dhabi office, which has recently relocated to Abu Dhabi Mall. Sohail joins Cavendish Maxwell from Chestertons where he spent three years as director and branch manager of Abu Dhabi and head of valuations. Sohail is a qualified chartered surveyor with a proven track record of […]

Property Monitor saw price declines continue in Abu Dhabi during Ql of 2017. Apartments in Al Ghadeer, Al Reef Downtown, and villas in Al Raha Gardens and Al Reef all experienced annual declines of more than 1.0% on average. Downward pressure on housing demand is expected to continue in Abu Dhabi, due to job uncertainty resulting from high-profile mergers of […]