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8 February 2021

Abu Dhabi property: Strong supply to keep rentals, prices under pressure

Supply of new residential property units in Abu Dhabi is expected to see a big spike in Abu Dhabi this year, keeping prices and rentals also under pressure though a few established residential districts witnessed green shoots of recovery in the last quarter of 2020, say analysts. Similar to Dubai, tenants in Abu Dhabi are also looking to move away […]
6 February 2021

Dubai rents alert: Get a flat for as low as Dh20,000

Dubai South, International City, Sports City and Town Square are the most economical areas to rent an apartment in Dubai. The latest data released by real estate consultancy Cavendish Maxwell showed that Dubai South is the most economical area to rent a studio and one-bedroom apartments, while International City will cost the least for a two-bed room one. On the […]
3 February 2021

Hotel occupancy rate needed to break-even has dropped, finds report

Consultants Cavendish Maxwell have stated that the occupancy rates needed to break-even in the Dubai hospitality market have lowered. In its UAE Property Market Report, it found that a range of cost-cutting measures introduced by hoteliers last year amid the pandemic have caused a market shift. It explained: “Some others have used the pandemic as opportunity to revisit and cut […]
2 February 2021

Economic recovery and rising oil prices to support UAE property market recovery

Selective improvements in some communities, a global economic recovery and rising oil prices all provide signs for optimism for the UAE’s property market for the year ahead, a new Cavendish Maxwell report states. “Investors in real estate markets throughout the UAE have three good reasons to feel more optimistic about the year ahead,” Julian Roche, chief economist at Cavendish Maxwell […]
31 January 2021

Dubai house prices to drop at slower pace: Reuters poll

(Reuters) – Dubai’s house prices are expected to fall at a slower pace this year and next than previously thought as hopes for a successful vaccine rollout and an economic recovery boost confidence in the sector, a Reuters poll showed. After declining 3.5% in the first quarter of 2020, Dubai property prices have shown signs of stabilising. They fell by […]
20 January 2021

UAE Mortgage transactions hit record high in December

Although there was a slowdown in performance at the beginning of the year in the UAE, the second half saw a revival of activity as lockdown measures eased and pent-up demand filtered through the residential market in both Abu Dhabi and Dubai. The Property Monitor monthly market report for December indicates transaction volumes could well maintain their upward momentum as […]
28 June 2020

GCC’s education sector: Paving the way ahead

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

Real estate prices in Saudi Arabia continue recovery

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

Residential property prices rose 2.1% y-o-y in Q1 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

2020 Saudi Arabia Property Market Report now released

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 […]
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