Independent Project Monitoring is a key service for funders to effectively manage their security and risk in the development process. Knight Frank’s qualified and experienced team of surveyors will ensure Clients are fully informed on status and progress at all stages of the development process.
Knight Frank’s experienced team of Valuation and Quantity Surveyors provide an independent Project Management Service for Client’s including funding institutions, banks and investors to effectively manage their security in the development process.
Reporting options include Initial Audit Reports, Progress Reports and Practical Completion Reports and comply with Royal Institution of Chartered Surveyors best practices.
Monitoring scope is tailored to each individual Project and the Clients’ needs with options including:
Dubai’s office market continued to witness limited demand in the first quarter of 2019, this has meant that pressure on offices rents in Dubai has been sustained over this time period, leading to further softening in the market.
Bahrain continues to be an attractive location for firms looking to setup a base in the GCC. Particularly as the region’s largest economy, Saudi Arabia, continues to open up. Bahrain will increasingly be considered as a hub location given its direct access to Saudi Arabia via the King Fahd causeway and growing number of direct flights from its new terminal in Q4 2019.
Bahrain’s commercial office market continues to be dominated by weak occupier demand coupled with oversupply, a legacy of the 2001 to 2007 construction boom. This supply-demand imbalance has endured since 2010 when the full effects of the global economic downturn hit Bahrain.