UAE’s Cavendish Maxwell purchases majority stake in Property Monitor – The National

UAE’s Cavendish Maxwell purchases majority stake in Property Monitor – The National

The UAE-based property consultancy Cavendish Maxwell said it will acquire a majority stake in the Emirates’ real estate technology and market intelligence firm Property Monitor.

This acquisition marked Cavendish Maxwell’s first move towards setting up a “real estate innovation hub aimed at bridging the gap between traditional expertise and artificial intelligence-enabled disruptive solutions”, the company said.

The financial details of the transaction were not disclosed.