Commercial Valuation

Showing posts for commercial valuation

6 March 2026

Property Taxation: Shaping Economies and Supporting Real Estate Markets

When carefully designed, real estate taxation can be more than a tool for Governments to raise revenue; taxes can be used to influence real estate development and to achieve wider economic and social goals. At the same time, the owners of real estate work with tax lawyers, accountants and advisers to reduce their exposure to such taxes.   What is […]
23 February 2026

Dubai Office Market Performance 2025

Dubai's office market delivered exceptional performance in 2025, characterised by surging prices, record transaction volumes, and robust rental growth, all supported by strong economic fundamentals and persistent supply constraints. The Emirate's business ecosystem expanded significantly, with the Dubai Chamber of Commerce registering 71,830 new member companies, pushing total active membership to 292,486, a 13.2% increase year-on-year.
20 February 2026

Learning From History: Gulf Property Market Cycles – Catalysts And Consequences

Everyone knows that housing and commercial property prices move in cycles. The pattern of a long-sustained build-up in asset prices followed by a sudden decline has been observed in Organisation for Economic Co-operation and Development (OECD) countries for decades. It is also known that real estate returns are generally more stable in the years between peaks and troughs. Not all cycles, however, are equally severe, nor are markets equally volatile. For example, comparing what has happened in Dubai since 2021 with UK average prices clearly indicates how much more volatile this Gulf market has been. And, of course, Dubai has seen much more impressive house price growth in recent years: when both markets are indexed to January 2008 = 100, UK prices stand at 158.3 while Dubai reaches 233.7.
21 January 2026

Assessing the Role of Saudi Arabia’s Public Private Partnership (PPP) Programme in Real Estate

An immense commitment to Public Private Partnership (PPP) There is no doubt that Saudi Arabia is now home to one of the world’s largest and most successful Public Private Partnership (PPP) programmes. From early water and cogeneration projects (where gas-fired plants simultaneously produce electricity while capturing waste heat for industrial steam) launched in 2003, followed by electricity projects and the […]
12 January 2026

Dubai Retail and Warehouse Market Performance Q3 2025

Dubai’s retail and warehouse markets delivered a strong performance in Q3 2025, supported by resilient demand, constrained supply, and improving investor confidence. Retail sales activity accelerated sharply during the quarter, with transaction volumes rising quarter on quarter and total deal value surpassing the AED 1 billion mark for the first time in a single quarter, driven primarily by robust off-plan activity.
28 December 2025

Oman Hospitality Market Performance Q3 2025

Oman’s hospitality sector demonstrated robust performance in the first nine months of 2025, supported by strong domestic and international demand. Airport traffic reached 11.2 million passengers, while guest volumes in 3-5 star hotels rose to 1.7 million, representing a 9% increase compared with the same period last year. Occupancy levels strengthened further, reaching 52.8%, a notable 13.1% growth over 2024, signalling that the market is effectively absorbing demand even during shoulder months. Meanwhile, average room rates (ARR) remained broadly stable, indicating that hotels are focusing on maximising occupancy and optimising inventory utilisation rather than pursuing aggressive rate increases to drive revenue growth.
16 December 2025

Crisis as Catalyst: Innovation in the Shadow of Real Estate Cycles

Evidence for a hypothesis The idea that creativity flourishes in a crisis has some solid empirical support. The steam turbine, transformer, radio, and helicopters were all patented during Depressions and were turned into successful products during subsequent recovery periods. Various explanations of this phenomenon have been advanced, the most well-known of which has been Joseph Schumpeter’s theory of ‘creative destruction’, […]
5 December 2025

Dubai Office Market Performance Q3 2025

Dubai's office market delivered a strong performance in Q3 2025, supported by robust economic fundamentals and ongoing business formation activities. Dubai Chamber of Commerce welcomed approximately 53,000 new member companies in the first nine months of 2025, up 4% year-on-year, and attracted 261 foreign companies, a 65.2% increase over the same period in 2024. This surge in business activity fuelled heightened demand for office space, with sales transactions reaching approximately 1,200, up 39.9% year-on-year, and transaction values climbing to AED 3.1 billion, reflecting 87.6% annual growth. The off-plan segment was the primary driver, with volumes rising 463.8% year-on-year.
3 December 2025

Sand, Steel and Sentiment: Real Estate Cycles in the Gulf

Real estate cycles matter The story of Atlantic Yards in New York is both instructive and sobering. Billed as the largest real estate project ever for the city, its launch timing was excruciatingly poor. Announced in December 2003, the planning delays and the design phase dragged out over more than four years. By the time construction began in earnest, the […]
30 October 2025

Dubai Hospitality Market Performance H1 2025

Dubai was officially recognised as the first Certified Autism Destination™ in the Eastern Hemisphere, demonstrating its commitment to accessible and inclusive tourism. The Emirate's safety credentials also received global recognition, with Dubai placing third and Abu Dhabi first in Numbeo's city-level safety index, reinforcing the UAE's position as one of the world's safest destinations.
17 October 2025

Dubai Retail and Warehouse Market Performance H1 2025

Executive Summary with Key Trends In the first half of 2025, Dubai’s retail market recorded around 500 sales transactions valued at approximately AED 1.4 billion. Overall transaction volume and value declined year-on-year by 17.3% and 1.8%, largely due to a slowdown in off-plan activity. In contrast, the ready retail segment performed strongly. On the rental side, overall contracts increased compared […]
1 October 2025

Oman Hospitality Market Performance H1 2025

The growth of Oman’s hospitality market rests on three key pillars. First, population growth: Oman’s population expanded by 4.5% in 2024, following 5% growth in 2023, and analysts expect this momentum to continue through the decade. Even without changes in spending patterns or additional boosts from tourism, such demographic growth alone ensures steady annual demand for new hotel keys. Second, economic expansion and rising domestic tourism. Overall domestic trips increased in line with population growth, from 12.9 million in 2023 to 13.6 million in 2024, but Omanis are also travelling differently. An 8% rise in reported hospitality days indicates they are taking longer trips and spending more per visit, reinforcing demand across the sector. Third, international tourism, where Government policy and investment can have the greatest impact. Gulf visitors still account for more than a quarter of arrivals, but Oman is increasingly attracting travellers from farther afield, including Europe, India, and China.

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