News

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 […]

WB Abu Dhabi will feature over 250 rooms over eight levels The USD 112 million hotel will be opened in 2021 Media company Warner Bros. announced that it will open its first-ever themed hotel in Abu Dhabi’s Yas Island in 2021. Construction of the USD 112 million hotel is now 40% complete. WB Abu Dhabi will feature over 250 rooms over […]

Value of contracts in Q3 rise to SAR 47.8 billion, says US-Saudi Arabian Business Council Oil and gas leads other sectors in contract awards followed by real estate The construction industry of Saudi Arabia displayed solid growth in the third quarter, with contract awards during Q3 2019 growing 164% versus the same quarter a year ago, according to a report by […]

First cluster of townhouses, named Eden, due to be ready in Q4 2022 Compelling investment opportunity for those within the mid-income residential market Emaar Properties has launched The Valley, a new AED 25 billion master development on Dubai-Al Ain Road, which will feature retail, entertainment, recreational, educational and health facilities. Running through the heart of the masterplan is a lush […]