News

Workspace launched as WeWork x Hub71 in Abu Dhabi Global Market Three-floor workspace offers 1,200 desks for members to innovate, collaborate and connect  Shared office space manager WeWork made its debut in the UAE with the official launch of WeWork x Hub71. The three-floor workspace offering 1,200 desks is located in the heart of the capital’s financial centre at Abu Dhabi Global Market. The […]

Dubai, United Arab Emirates Supply continues to outweigh demand, but landlords align price points with occupier budget: Cavendish Maxwell 2019 Industrial and Logistics Report General trading sector remained the most active, accounting for almost 35% of all enquiries Significantly more enquiries for facilities over 100,000 sq ft built-up-area in 2019 Vacancy levels expected to taper off in 2020 as demand […]

Total of 61,357 transactions recorded, up 13.4% from a year ago Most Sharjah city transactions recorded in Muwaileh Commercial, Al Khan, Al Nahda and Hoshi Sharjah recorded 61,357 real estate transactions in 2019, up 13.4% compared to 2018, according to data from the Sharjah Real Estate Registration Department (SRERD). The value of transactions at AED 24.2 billion also increased 7.3% […]

Dubai, United Arab Emirates Prices and rents extend decline but select communities buck the trend:Cavendish Maxwell 2019 UAE Property Market Report  Average apartment prices in Dubai declined by 15% between Q4 2018 and Q4 2019 and villa/townhouse prices were lower by 18%.   Total number of transfers in Q4 2019 was 12,444 for both apartments and villas/townhouses with off-plan transfers […]

Housing loans jumped 254% in terms of number and 167% in terms of volume Residential villas received the largest portion of funding at SAR 7.2 billion A total of 155,893 mortgage loans worth SAR 69 billion were offered in Saudi Arabia by all financing institutions in 2019 up to November, figures from the Saudi Arabian Monetary Authority (SAMA) showed. Housing loans […]

Filing by Emaar says it plans to raise financing against cashflows of the tourist attraction Earlier report by Reuters said that Standard Chartered had been hired to advise on the sale Emaar Properties has denied reports that it is looking to sell the observation deck of the world’s tallest skyscraper – Burj Khalifa, according to a filing by the company […]

Reuters report says the sale could raise up to AED 3.67 billion for Emaar Properties Standard Chartered reportedly hired to advise on the sale Emaar Properties is looking to sell the observation deck of the world’s tallest skyscraper – Burj Khalifa, according to a report by Reuters which quoted unnamed sources. According to the report, Emaar had appointed Standard Chartered […]

Aditi Hariharan, Associate Partner, Strategic Consulting and Research at Cavendish Maxwell discusses the findings of our first Dubai Healthcare Property Market Report live on the radio show Business Breakfast on Dubai Eye 103.8 FM. PODCAST: LINK

Dubai, United Arab Emirates Dubai healthcare property market to extend growth as focus on sector sharpens ahead of Expo Between 2010-2018, total number of private hospitals increased from 19 to 25, registering a CAGR of 3% As of 2017, Dubai had one of the highest physician-to-population ratios in the world Government initiatives such as the Dubai Health Experience to help […]

Investment worth AED 2.2 billion will be made to develop South Quay and Khalifa Port Logistics AED 1.6 billion to be allocated for the expansion at Abu Dhabi Terminals Both projects expected to create over 2,800 direct and indirect jobs Abu Dhabi Ports has announced expansion plans worth AED 4 billion at its flagship Khalifa Port, seven years after it […]