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Ajman-Rashed 6 August 2015 ANNUAL REPORT 2015-2016 3+STUDY FOR AJMAN-RASHED 6 AUGUST 2015 www.freehold.info FMI-3.indd 1 8/26/2015 5:35:42 PM ANNUAL REPORT 2015-2016 3+STUDY FOR AJMAN-RASHED 6 AUGUST 2015 www.freehold.info Produced by Freehold Mediation & Information RealEstate LLC. All information contained is private an confidential and solely for the named recipient Freehold Mediation & Information Real Estate LLC | #2901 / 2902 Saba Tower 1, Cluster E, Jumeirah Lake Towers, Dubai – UAE | +971 4 422 8000 | [email protected] | www.freehold.info FMI-3.indd 2-3 8/26/2015 5:35:43 PM TABLE OF CONTENTS FMI INTRODUCTION TO FMI 02 KEY FIGURES 08 MACROECONOMIC OVERVIEW OF UAE 12 REAL ESTATEJ MARKET 15 OVER VIEW AJMAN 4 5 FMI-3.indd 4-5 8/26/2015 5:35:46 PM FMI REPORT - 3+STUDY FOR AJMAN-RASHED 6 AUGUST 2015 INTRODUCTION TO FMI KEY FIGURES At FMI we understand the importance of information in the real estate sector. We specialize in the market information and analysis of 01 PROFIT BY SEGMENT 02 REVENUE BY SEGMENT UAE market in terms of Trend, Prices and Future Prospects of real estates. Ellignis res as maxim consequae nem recusandel id magnis Ur ab iderias nulluptur aliqui odisimo lloreperest eat vollabo. FMI we understand the importance of information in the real estate sector. eatuscientur solum quas essim volor aut harumet faccatur? Nequo con cuptatiost odipsanihil ium quam dit rerupta tiscia incidi con re volut autatem re pere doluptas quiam, escia We specialize in the market information and analysis of UAE market in terms of Trend, Prices and Future Prospects of real Sediandentem quatist officil ium faccus sumet quae qui consent venimillabo. estatesspecialize in the market information and analysis of UAE market in terms of Trend, Prices and Future Prospects of real quatem eaquiberci is eaquamus nobitatur? Nullupta aut laborro estatesspecialize in the market information and analysis of UAE market in terms of Trend, Prices and Future Prospects of real estates cupta parcide lam quodignatur, earcid est, quas molor mollupi Erro te non re veriaturem faccus mo ipidit, ipisqui res enisit mil il tisinimus nos estrum none nametum faccaecati. maionsequia consecearias non restias sequas sitatis sunt, ut ilis nusamet ut occullenda et, qui asperuntio. 3% 5% 11% 11% 38% OVERVIEW 2012 OVERVIEW 2013 18% Et qui blabGa. 41% Lendipicid. 14% Andaestis ex est ra ipicid Nectist parciis aut omni. 29% 21% OUR VISIONS for the next 5 years Ectempor ma ipsundi sitaspe Erro te non re veriaturem Rsperspero esequi aliquo Sediandentem quatist officil Inustio nsequi sincit audae comnissi Quisqua turenis de Diciatia denecum re sin plaborerum Sandi con reriam aut Volorru mquissite lacere sum Quis aciam quas dolecto excepe. 6 7 FMI-3.indd 6-7 8/26/2015 5:35:49 PM FMI REPORT - 3+STUDY FOR AJMAN-RASHED 6 AUGUST 2015 MACROECONOMIC OVERVIEW OF UAE The he UAE’s economy grew 4.6% in real terms in 2014, largely The UAE’s economy grew 4.6% in real terms in 2014, largely in line with our 4.5% growth forecast for last year. GDP growth in line with our 4.5% growth forecast for last year. GDP growth for 2013 . for 2013 was revised lower to 4.3% from 5.2% previously, while 2012 growth was revised up sharply from 4.7% to 6.9%. The UAE national accounts show that the oil sector grew 4.0% in real terms last year, faster than the 2.9% growth in 2013. This The UAE national accounts show that the oil sector grew 4.0% was higher than we had expected as Bloomberg oil production in real terms last year, faster than the 2.9% growth in 2013. This estimates suggested flat oil output. was higher than we had expected as Bloomberg oil production estimates suggested flat oil output. The UAE’s economy grew 4.6% in real terms in 2014, largely in line with our 4.5% growth forecast for last year. GDP growth for 2013 was revised lower to 4.3% from 5.2% previously, while The UAE’s economy grew 4.6% in real terms in 2014, largely 2012 growth was revised up sharply from 4.7% to 6.9%. in line with our 4.5% growth forecast for last year. GDP growth for 2013 was revised lower to 4.3% from 5.2% previously, while 2012 growth was revised up sharply from 4.7% to 6.9%. 8 9 FMI-3.indd 8-9 8/26/2015 5:35:51 PM FMI REPORT - 3+STUDY FOR AJMAN-RASHED 6 AUGUST 2015 After remaining largely unchanged PARTICULARS 2010 2011 2012 2012 2014 The seasonally adjusted headline in 2014, the UAE has increased oil Nominal GDP (AED bn) 1,051 1,276 1,367 1,478 - HSBC/Markit UAE PMI for the non- 125 1.7 production in H1 2015, according oil producing private sector achieved Real GDP Growth Rate (% Y-o-Y) 1.6% 4.9% 4.7% 5.2% 4.3% 124 to Bloomberg estimates. Oil output Consumer Price Index - CPI (% Y-o-Y) 0.9% 0.9% 0.7% 1.1% 2.3% the second highest reading of 59.3 reached 2.9mn bpd in June, up from Government Gross Debt (% of GDP) 22.1% 17.5% 16.6% 12.3% - in January 2015 since the series 123 2.7mn bpd in December. Average began in August 2009, below the Current Account Surplus (% of GDP) 2.5% 14.7% 18.5% 16.1% 11.1% 122 1.4 output in H1 2015 is 2.4% higher Fiscal Surplus (% of GDP) -5.9% -5.6% -4.9% -1.9% - record high of 61.2 in October. The than the average for 2014, and above Net Foreign Assets (AED bn)w 79 92 161 247 - January PMI data reflects sustained 121 our forecast for this year. Despite production growth in the first month Population (in mn) 8.3 8.4 9.2 9.3 - 120 being the single largest contributor of 2015. The rate of output expansion Source: World Bank, IMF, National Bureau of Statistics, Central Bank of UAE, Bloomberg to GDP, the oil sector’s share in GDP strengthened, supported by stronger 119 1.1 2015 2016 2017 is low as compared to the country’s sales, good market conditions, start- GCC counterparts. Going forward, up of new business and export orders. Expected CPI the sector’s growth is likely to lose Real GDP Growth Subsequently, hiring continued to rise Source: National Bureau of Statistics steam further as global crude oil prices 6% in January. 4.90% 4.70% 5.20% 5.20% continue their free fall. Oil prices fell CPI Trends (%-Y-o-Y) around 46% in 2014 as the OPEC 4% However, input prices also rose, 6 ruled out cutting oil production and signaling the prevailing cost pressures. 5 2% 1.60% witnessed a continued fall in January Overall, the current scenario suggests 4 2015 to below USD50 per barrel. encouraging near-term prospects for 0% 2009 3 the economy as demand is holding 2010 2011 2012 2013 2014 2 The seasonally adjusted headline up fairly well, although lower oil prices -2% 1 HSBC/Markit UAE PMI for the non- and weaker demand from key export 0 oil producing private sector achieved -4% markets may weigh on the economy. the second highest reading of 59.3 Jul 14' Jun 14' Oct 14' Jan 14' Feb 14' Apr 14' Sep 14' Dec 14' Aug 14' Nov 14' Mar 14' in January 2015 since the series -6% -5.20% Consumer price inflation came in at May 14' began in August 2009, below the 3.1% in December 2014, maintaining CPI Food and Drinks record high of 61.2 in October. The Source: National Bureau of Statistics its moderate upward trend. The Housing Hotels January PMI data reflects sustained housing and utility costs, accounting production growth in the first month for around 39% of consumer expenses, Source: National Bureau of Statistics of 2015. The rate of output expansion continued to accelerate as it rose 5.4% Key Sub-sector Distribution (% of Nominal GDP) strengthened, supported by stronger 80% Y-o-Y. The rising housing costs in Dubai sales, good market conditions, start- are driving up countrywide house price inflation being imported, it is predicted fast paced economy which shares the up of new business and export orders. 60% inflation as more residents move to that prices of some categories will go same benefits as some of the largest Subsequently, hiring continued to rise nearby emirates. The food prices rose down. competing economies in the world. in January. 40% 1.3% Y-o-Y in December, recording the lowest Y-o-Y increase in 2014, helped Business optimism in the UAE has Along with business optimism, business However, input prices also rose, 20% by lower global food prices. The overall continued to grow steadily despite confidence has also seen a steady signaling the prevailing cost pressures. inflation for 2014 stood at 2.33%. Going the recent market changes. Private increase. It has been reported that Source: World Bank, IMF, National Bureau of Statistics, Central Bank of UAE, Bloomberg Overall, the current scenario suggests 0% forward, the IMF and the UAE’s Ministry wealth has grown at the fastest pace approximately 83% of GCC millionaire encouraging near-term prospects for 2009 2010 2011 2012 2013 2014 of Economy predict a manageable in the UAE when comparing this to are more likely to invest in assets within the economy as demand is holding Oil & Gas Government Services Sector inflation rate of 2.5% for 2015, aided other GCC countries, which saw the the region due to their confidence in the up fairly well, although lower oil prices Others Financial Corporations by weak oil prices, which will allow the UAE’s wealth increase at an annual local economy’s stability and security Non-Financial Corporations and weaker demand from key export government to focus on investments growth rate of 25%.
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