Property Monitor


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11 June 2020

Rents continue soft slide in Northern Emirates

Ajman absorbs biggest rent drop at 19% annually As average apartment rents across the Northern Emirates remained under pressure during the first quarter, falling by 12 per cent year-on-year, analysts expect the trend to continue amid the coronavirus pandemic. According to data from Cavendish Maxwell, average annual rents in Sharjah range from Dh16,500 for a studio to Dh42,000 for three-bedroom […]
4 June 2020

Dubai property prices are just 10.4% away from 2009 levels

Property Monitor Dynamic Price Index revealed prices are down almost 30% since peak of 2014. Property prices in Dubai are down almost 30 percent from the market peak in September 2014 and are just 10.4 percent away from the trough of April 2009, according to the latest Property Monitor Dynamic Price Index. Prices in the emirate saw a marginal increase […]
3 June 2020

Dubai property prices rise in April boosted by off-plan sales

Prices in April stood at Dh866 per square foot, according to Cavendish Maxwell’s Property Monitor. Dubai property prices in April rose 0.49 per cent from a month ago, helped by a rise in off-plan transactions, a new report found. Prices in April – the month during which the UAE enforced stay-at-home directives – stood at Dh866 per square foot on […]
2 June 2020

Dubai sees ‘unexpected’ slight uptick in property prices in April

The volume of transactions went down 47% in April compared to March. Dubai property prices experienced an “unexpected” uptick in April, with prices increasing 0.49 percent from the previous month, according to new data from Property Monitor. In its monthly market report, Property Monitor said prices in April stood at AED 866 per square foot in April, slightly above March’s […]
2 June 2020

Surprise uptick in Dubai property prices as off-plan sales eclipse resale in April

Off plan accounted for 72.1 per cent of transactions in April compared to only 27.9 per cent for resale. Dubai property prices recorded a slight unexpected uptick in April as off-plan sales registrations eclipsed resale. According to Property Monitor data, prices in April stood at Dh866 per sq ft, 0.49 per cent higher than the Dh862 per sq ft recorded […]
19 May 2020

Managing lifecycle costs

Stakeholders must prioritise lifecycle costing from the inception stage of a project to reduce wastage and reap future cost efficiencies All project owners start out with the intention to achieve cost efficiency on their projects, not just at the time of development but across the project’s lifecycle. In some cases, however, efforts to estimate lifecycle costs are minimal and other […]
22 April 2020

Cavendish Maxwell’s Q1 2020 UAE Property Market Report Now Released

Dubai, United Arab Emirates Fewer launches and a slowdown in handovers may help cushion prices: Cavendish Maxwell Q1 2020 UAE Property Market Report  Apartment prices in Dubai declined 12% over the 12-month period from Q1 2019 to Q1 2020 whilst villa/townhouse prices were lower by 4% Average sales prices declined in Abu Dhabi’s major residential zones by 13.2% for apartments […]
30 March 2020

In these communities, accessibility is key

With Metro access and developed infrastructure, AI Barsha, Barsha Heights and The Greens are popular housing destinations Sitting right next to each other along Shaikh Zayed Road, Al Barsha, Barsha Heights (Tecom) and The Greens col­ lectively offer a mix of housing options that cater to a wide range of segments. The lo­ cation of the three communities close to […]
25 March 2020

Oman Property Market Report 2019 – 2020 now released

Dubai, United Arab Emirates Cautious real estate recovery in 2019 presented opportunities for buyers, tenants: Oman Property Market Report by Cavendish Maxwell Between December 2018 and 2019, the total expat population in Oman recorded a year-on-year decline of 2.9%, in turn impacting property prices and rents. Oman’s retail sector is currently witnessing the rapid construction of new malls adding further […]
4 March 2020

Why Dubai’s motor racing hub appeals to families, not just petrolheads

Self-contained suburban community offers pedestrian-friendly lifestyle and great prices. Not many neighbourhoods can boast of its own autodrome. At Dubai Motor City, the Dubai Autodrome, in fact, was the reason the community came to life. Completed in 2004, the Autodrome has become synonymous with the mixed-use community and the kind of lifestyle this motoring-themed suburban district has come to be […]
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