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17 December 2019

Cavendish Maxwell releases first-ever healthcare property market report

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...
20 November 2019

Emaar Properties launches The Valley master development on Dubai-Al Ain Road

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...
19 November 2019

New law prevents Dubai developers from collecting service charges on behalf of property owners

Common Properties Law No 6 of 2019 came into effect on 19 November Property owners or approved property management companies to take up collection activities Developers in Dubai can no longer collect any service charges on behalf of property owners, according to the Common Properties Law No 6...
11 November 2019

Emaar records 20% increase in net profit in Q3 2019

Net profit for the quarter stood at AED 13 billionInterest from foreign investors and first-time home buyers supported growth Real estate developer Emaar Properties recorded net profit of AED 13 billion during the third quarter of 2019, up 20% from the same period a year ago,...
29 October 2019

Cavendish Maxwell publishes Special Report on Saadiyat Island

Dubai, United Arab Emirates Residential communities and cultural attractions drive growth for Saadiyat Island: Cavendish Maxwell Special Report Saadiyat Island to have increased appeal as a popular residential, hospitality and commercial destination...
27 October 2019

Apartment rental firm Blueground raises Series B funding for Dubai and global expansion

AED 183 million funding round led by WestCap Investment Partners and Prime VenturesBlueground expects to surpass 1,000 premium residential properties in Dubai in 2020 Real estate technology company Blueground has closed an AED 183 million...
24 October 2019

Dubai v Abu Dhabi: where are property prices, rents falling faster?

New research shows average sales prices and rents softened across most communities in the UAE during Q3 A prolonged softening in prices and rents has made the UAE property market more accessible as homes become affordable to more people, according to a new report ...
16 October 2019

Cavendish Maxwell’s Q3 UAE Property Market Report Now Released

Dubai, United Arab Emirates Affordable properties spur transactions in a relatively soft market: Cavendish Maxwell Q3 UAE Property Market Report  Average apartment prices in Dubai declined 165% in Q3 2019 from Q3 2018, and villa/townhouse ...
7 October 2019

Property Monitor appoints Zhann Jochinke as Chief Operating Officer

Property Monitor is the region’s only real estate intelligence platform powered by RICS-accredited professionals Dubai, United Arab Emirates 07 October 2019 Leading real estate data analytics and market intelligence platform Property Monitor, today announced the appointment of Zhann Jochinke as Chief Operating Officer...
1 October 2019

Dubai records 135% growth in FDI in H1 2019 at AED 46.6 billion

257 FDI projects in the first half of 2019Dubai ranked third in the world for attracting FDI Dubai received foreign direct investment (FDI) worth AED 466 billion in the first half of 2019, representing growth of 135% compared to the same period last year, according to Dubai Investment Development...
25 September 2019

In Sharjah, developers are doing just fine for now

Dubai: Developers putting up prices on new releases; investors able to sell in the secondary market at rates higher than what they bought for — it’s all happening in Sharjah And yes, at a time when other property sub-markets in the UAE continue to see a contraction...
25 September 2019

Dubai property transactions increase 134% following establishment of real estate committee

Committee set up on 2 September 2019 to achieve supply and demand balancePanel chaired by Deputy Ruler of Dubai, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum The Dubai Land Department (DLD) announced a 134% increase in real estate transactions following the creation of the emirate’s new Higher...
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