DUBAI HOSPITALITY MARKET FOCUS: 2018-2020

Cavendish Maxwell report provides an outlook for the Dubai hospitality real estate llUlU”ket segment as occupancy rates decline due to increased supply Overall occupancy rates increased by 0.5% in Dubai during 2017, predominantly due to expected supply not entering the market and an increase in recorded guest numbers. However, as of Q2 2018, increases in […]

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Q2 2018 Dubai residential market overview

Price and rent declines continued in the Dubai residential market during the second quarter of 2018. The latest data from the Property Monitor Index indicates that apartment and villa/townhouse prices have registered 12 month declines of 2.9% and quarterly declines of 1.1%. Buyers continue to be in the driving seat in the off-plan market. Developers […]

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Cavendish Maxwell appoints Benjamin Walker MRICS, Associate Partner in Project and Building Consultancy.

Walker will be responsible for day-to-day management of the Project and Building Consultancy team supporting Head of Department, Craig Ross, to further develop the business line. Walker will add extensive international experience and knowledge which will strengthen the capabilities of the team. Walker brings over 13 years of building surveying and project management experience gained in […]

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Delivering a new economic future

Moe Abeidat, CTO at Property Monitor, analyses what sort of impact the latest amendments to residency laws in the UAE will have on the country’s real estate market This May, the UAE Cabinet announced a number of amendments to current residency laws, a move that has created a stir in the country’s real estate market, […]

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Property Monitor appoints Moe Abeidat, Chief Technology Officer(CTO)

Moe will be responsible for the continued development of Property Monitor, the real estate data platform, harnessing his extensive experience in software development and property and financial technology. Abeidat brings two decades of experience in technology leadership in Canada and the UAE, delivering world-class large-scale B2B and B2C solutions for various companies including NASDAQ listed […]

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A report on the secondary market

Off-plan sales dominated the market in 2017 with attractive sales prices and payment plans for a wider base of buyers. During the same period, secondary market sales remained fairly consistent with traditional favourites Dubai Marina and International City leading the apartment tally and most recently Akoya Oxygen, Emirates Living and International City being the top […]

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Ras Al Khaimah Residential Market Overview

Ras Al Khaimah Residential Market   Ras Al Khaimah’s real estate sector has seen a substantial increase in development activity and a change of demographics over the past 10-15 years. The emirate has witnessed rapid development of its tourism industry and increasing employment and economic activity in the manufacturing, industrial, retail, education and hospitality sectors. […]

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The Problem of Existing Building Stock

A noticeable shift in trend in the construction sector during 2017 has been a growing awareness amongst clients and consultants of the ageing building stock in the region. Words like refurbishment, retrofit and re-use have become commonplace in meetings, conferences and debates, and the ‘existing building problem’ is the elephant in the room that is […]

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Ajman Residential Market Overview

The Ajman residential property market has in the past primarily catered to residents looking for a cheaper alternative to neighbouring emirates of Sharjah and Dubai. During the market peak of 2011 and beyond, residential projects closer to the Sharjah border fulfilled the demand for affordable housing for expatriates who made up 83% of the total […]

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