Growing need for credible asset valuation as GCC banks face testing times with loan impairments under new international standards

The next 12-24 months could potentially have adverse effects on the asset quality of GCC banks, according to leading analysts. Loan impairments are likely to go up as a result of less supportive economic environments and mandatory loan classifications under new International Financial Reporting Standards (IFRS) 9, which could result in asset value deterioration in […]

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Soft demand and pressure on prices continue in Q1 2019: Cavendish Maxwell UAE Property Market Report

UAE-wide report provides key insights into residential, commercial, industrial, hospitality and retail sectors Price and rent research and analysis of real estate trends throughout the seven emirates Key new projects and master developments in the UAE to continue to impact prices   Cavendish Maxwell, a leading property consultancy and chartered surveying firm in the Middle East, […]

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Abu Dhabi’s Reem Mall to revolutionise shopping with integrated logistics hub

Plans unveiled at 5th Edition of the Retail Leaders Circle MENA Summit AED 4.5 billion mall will integrate a logistics hub with brick-and-mortar stores New infrastructure will make Reem Mall the first fully digitally-enabled smart shopping centre   Reem Mall, being developed by Al Farwaniya Property Developments, a partnership between Agility, Agility affiliate United Projects […]

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Sharjah to build its own sustainable city project

AED 2 billion Sharjah Sustainable City will be run on renewable energy Project open to end users and investors of all nationalities Sales to contribute to off-plan transaction boom in Sharjah   Sharjah has confirmed plans to build its own version of a sustainable city. The AED 2 billion development will span 7.2 million sq […]

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Sharjah’s real estate stabilising economic growth in the emirate

Real estate sector a key pillar of Sharjah’s economic diversification strategy New projects to entice investors and end users First fully walkable, car-free community Al Mamsha announced   At the recently concluded Acres Real Estate Investment Exhibition 2019 at Expo Center Sharjah, Saeed Ghanim Al Suwaidi, the chairman of the Real Estate Sector Business Groups […]

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Rise of the New Sectoralism: the UAE and beyond

Revitalised sectors Just over a decade or so ago, real estate developers and investors alike were still planning, modelling and operating with sectoral categories that had changed little over several decades: broad sectors of ‘office’, ‘retail’ and ‘industrial’. The then Investment Property Databank (IPD) indices tracked and benchmarked these broad sectors internationally[1]. Even residential was […]

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Average apartment prices remain relatively stable in February 2019 despite 10.6% decrease in annual house price: Property Monitor Dubai House Price Index

House prices declined 1.8% month-on-month Average house price now at AED 2.6 million Apartment transfers decreased by nearly 24% over first two months of 2019   Property Monitor, the UAE’s leading real estate intelligence platform from Cavendish Maxwell, has released its Dubai House Price Index for February 2019. The index has been tracking the prices […]

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The law of unintended consequences: Brexit and the Gulf real estate sector

By Julian Roche – Chief Economist at Cavendish Maxwell Brexit: unfinished business  ‘The law of unintended consequences, often cited but rarely defined, is that actions of people—and especially of government—always have effects that are unanticipated or unintended’[1] Most of the economic interest surrounding Brexit has been focused on the impact it will have on the […]

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