Cavendish Maxwell, one of the region’s leading property and construction consultancies, has announced that its real estate data platform, Property Monitor, has launched a new website and major upgrade to its paid web application.

Property Monitor v2.0 incorporates more sophisticated analytics and an updated interface for a stronger user experience, the company said.

Property Monitor, established in 2014, is a real-time data platform for the UAE real estate market, with access to sales and rent prices that are collected as soon as contracts are signed. Property Monitor also contains detailed property information, identifying specific location, floor level, view and layout type.

In addition, Property Monitor incorporates transfers, listings, and valuation data from most major areas throughout Dubai and Abu Dhabi.

Ian Magwood, who has been leading the development, said: “We are in a unique position to increase transparency in the UAE real estate market. We have the most comprehensive data available and the ability to provide meaningful insight. We have an ambitious and diverse product development plan, and to say we are excited to take this next step would be an understatement.”

Chris Whitehead, managing director of Gulf Sotheby’s International Realty, welcomed the new product and said: “Property Monitor is a welcome solution in a market where access to reliable pricing data is limited. Our consultants appreciate the real-time data it provides, and consistently draw on the market comparables to educate vendors and purchasers alike. The service enhances our consultants’ knowledge, ensures we market sellable properties and in turn produces stronger and quicker results across our company.” - TradeArabia News Service