Bahrain was first to build a track and host a Formula One (F1) race in the region, but there was competition. The UAE, Egypt and Lebanon were all potential alternative candidates, but in 2002 the FIA came calling and Bahrain beat their internal competition, as a result of a firm commitment to deliver a race by 2004. It was of […]
The first modern fair was held in Paris just after the French Revolution in 1798, on the site where the Eiffel Tower now stands. By 1928 Expos had gained both codification and their own organisation. Subsequent Expos have been well-recognised landmarks of human achievement, for example, the New York World Fair of 1939 showcasing US technological innovation and the Shanghai […]
There are several potential multiplier effects of hosting a Formula One race on real estate. The most obvious one is the effect F1 races and similar events bring on hotel, serviced apartments and short-term let occupancy rates, and therefore valuations. Some have referred to the way in which any F1 event is a platform for local hotels and conference facilities […]
It is a great time to invest in Dubai but knowing where or what to invest in can be a daunting task. It is prudent to find the best real estate companies in Dubai to help you make that decision. Dubai real estate agencies and investment advisors bring together buyers and sellers across the industry, providing critical local knowledge and […]
Client: Meraas Location: City Walk and Nikki Beach Project Value: Confidential Purpose: Escrow release reports Project Background Meraas is a holding company based in Dubai with portfolio and activity in real estate, tourism, hospitality, healthcare, technology, retail, F&B, leisure and entertainment. Meraas had recently developed high-quality properties in Dubai and required property observers to prepare Escrow Release Reports to allow […]
Client: Meraas Location: Jumeirah, Dubai Project Value: Confidential Project Background Meraas is a holding company based in Dubai with portfolio and activity in real estate, tourism, hospitality, healthcare, technology, retail, F&B, leisure and entertainment. Meraas had recently developed high-quality properties in Dubai and required property observers to prepare Escrow Release Reports to allow funds to be released from escrow accounts. […]
The project involved undertaking reserve fund studies and condition assessments of the assets to the following Nakheel developments; Shoreline; Golden Mile; Marina residences; Palm View Apartments; Jumeirah Heights; Masaken Al Furjan; Discovery Garden’; Badrah and International City.
The project involved undertaking lifecycle cost reports and condition assessments of the assets to the Al Forsan estate in Abu Dhabi, including the staff accommodation, district cooling plant, mall, hotel and residential towers.
Client: Confidential Location: Al Maktoum City, Dubai Purpose: Snagging inspection report Prior to purchasing the property, the client instructed us to undertake a full snagging inspection of the recently constructed 5-bedroom villa. Carrying out the snagging inspection involved a full inspection of the property confirming any works which in our opinion do not meet an acceptable standard of workmanship or […]
Pyrotek is an international organisation specialising in the development, manufacture and sale of high-temperature materials for industrial applications. Pyrotek already have a small base in Jafza consisting of office space and warehouse storage but required a larger facility to meet customer demand and to accommodate manufacturing operations. Pyrotek found a partially completed site in JAFZA South which they recognised could provide construction cost saving but was not designed or built to suit their requirement.
Client: Confidential Location: Dubai Project Value: Confidential Purpose: Pre acquisition condition survey, fire risk assessment Project Background Our client intended to purchase the property as part of a large real estate transaction and required more detail on the condition of the building and any fire risk or long-term financial issues. Our Services Various part of this project had been stalled, […]
Our client was acquiring a new build tower located in Dubai Silicon Oasis and instructed the Project and Building Consultancy team at Cavendish Maxwell to undertake a snagging inspection of the property prior to conclusion of the deal. Snagging inspections are essentially detailed condition surveys which follow the completion of construction works. They are undertaken to ensure that the works have been completed in accordance with the contract documentation, statutory requirements and good practice.
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