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The team brings experience covering real estate consulting, operations, and investment in key sectors As part of this, P.P. Varghese has been appointed as Partner and will lead Cavendish Maxwell’s strategy and consulting team. Varghese comes with over 17 years’ experience gained through advising government, private and institutional clients on single-use, mixed-use, standalone, and master planned projects. His expertise spans […]

Latest trends indicate that Dubai tenants have been increasingly moving from apartments to villas and townhouses since the outbreak of the Covid-19 pandemic. The trend is driven by families’ need to have more space. Several residents continue to work from home and their children learn online. This change in tenants’ preference was reflected in data released by Chestertons, which suggested […]

UAE capital city Abu Dhabi reported hotel occupancy rates ‘on par’ with Dubai by the end of 2020, according to a report from Cavendish Maxwell. Citing data from STR Global, the UAE Property Market Report hailed Abu Dhabi for its range of measures to stem the spread of COVID-19. Between 30 November and 6 December, Abu Dhabi had higher occupancy than neighbouring […]

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 […]

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 […]

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 […]

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 […]

(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 […]

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 […]