Accurate data critical to UAE banks mitigating risks of loan impairments under IFRS9 guidelines

Moe Abeidat, Chief Technology Officer, Property Monitor   Under new International Financial Reporting Standards (IFRS) 9, all GCC banks compliant with the standards are required to break down investment portfolios into pre-defined stages. Accordingly, Stage 2 – referred to as underperforming, where credit risk has increased significantly since initial recognition – warns stakeholders to account […]

READ MORE

Abu Dhabi Residential Market Q4 2016 Report Summary

Our Q4 reports are out and here is a summary of what has transpired in the Abu Dhabi real estate market over the last few months: Macro-economic factors: A slowdown in housing inflation, which weighs heavily in the Consumer Price Index (CPI) in UAE, has been a significant contributor to lower headline inflation for UAE since […]

READ MORE

Dubai Residential Market Q4 2016 Report Summary

Our Q4 reports are out and here is a summary of what has transpired in the Dubai real estate market over the last few months:  Dubai Macro-economic factors: Annual inflation index of goods and services in the consumer basket in Dubairose 3% in November and 2.7% in October on a year-on-year basis. As of October, […]

READ MORE

Property Monitor Update

Property Monitor is the UAE’s only data platform offered by RICS accredited property professionals. Our data and intelligence service is aimed at increasing transparency in the UAE marketplace. Agencies, developers, consultancies and banks can access real-time data and expert intelligence in order to make more informed decisions, based on actual transactions, values and trends. Property […]

READ MORE