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28 February 2021

UAE: What does a list price mean in real estate, and how do you make the most of it?

First-hand tips from buyers and sellers on how they got or fixed the best price on a house Dubai: The price tag of a house listed on property portals is one of the first things that draw homebuyers’ interest towards a real estate unit...
13 February 2021

Dubai: Rent a villa for Dh37,000 to Dh85,000 in these areas

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...
8 February 2021

Abu Dhabi hotel performance ‘on par’ with Dubai says report

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...
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 ...
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...
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 ...
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...
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 35% in...
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...
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 21% year-on-year, whilst commercial real estate declined 05% during the same period• Some...
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...
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 104 percent away from the trough of April 2009, according...

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