URJUAN INVESTING IN PROPERTY MARKET Presented By : Mr. Yousuf Hammadi CEO Barwa TABLE OF CONTENTS

1. Qatar Market Overview

2. Current and Future Conditions in Qatar

3. URJUAN - A Development by Barwa Al Khor Company

4. Surrounding Property and Real Estate Competition

5. Strategic Positioning

A DEVELOPMENT BY BARWA AL KHOR COMPANY W.L.L. 2 QATAR

A DEVELOPMENT BY BARWA AL KHOR COMPANY W.L.L. 3 QATAR STATISTICS

Qatar is one of the richest countries in the world: • World’s largest supplier of natural gas by 2011 • GDP growth rate of about 20% per annum

• Population: 1,450,000 (August 2008 est.) “Source: Gulf Times Newspaper”

Qatar is fast becoming a tourism destination: US$ 15 billion tourism master plan unveiled in 2004 to include: • New airport expansion • 12,000 new hotel rooms by 2010 • World-class sporting and tourism facilities • Multiple Residential & leisure • Real Estate Developments

Source: World Global Insight 2007

A DEVELOPMENT BY BARWA AL KHOR COMPANY W.L.L. 4 DATA ANALYSIS

GROSS DOMESTIC PRODUCT

• The per capita GDP for the year 2006 was U$ 36,476. According to The Global Investment House Country Report dated April 2007 this increased to U$ 62,914 per capita in 2007, an increase of 72% since the previous report, and according to current data, the GDP is expected to jump to more than U$ 81,000 in 2008.

• This is a clear indication of the increasing wealth in Qatar which should translate into an increased buying power.

• The construction and real estate markets in Qatar are exceptionally healthy, with the GDP contribution made by building and construction increasing by an annual average of 26% from 2000 to 2005. This growth has been prompted by a number of factors, including population growth (increasing at a compound annual growth rate of 5.2% from 1997) and rising prosperity. DATA ANALYSIS

DEMAND DRIVERS

• Demand for property in Qatar remains primarily internal, stemming from people living and working within .

• Residential and Office sectors benefited from rising wealth

• Multinational companies establishing offices in Qatar

• Increasing numbers of expatriates in the country

• In contrast with other Gulf markets, investment has been a minor part of the market: – Recent implementation of foreign ownership laws – Lack of residential space marketed for investment.

• The majority of new development is taking place in West Bay, Split 80% commercial development to 20% residential development.

• Residential developments which could sell to foreigners (for example, developments at The Pearl) achieved approximately 90% uptake within eighteen months of release. DATA ANALYSIS

DEMAND DRIVERS (Continued)

• Residential sector was expected to witness a decline from present occupancy rates (which are now close to 100%)

• Inflows of new expatriates is making it difficult to foresee a drop in occupancy in the coming years

• Levels of occupation will remain very high even with the advent of units from master-planned projects such as The Pearl, Al Waab City and the Lusail Project around 2010.

• Demographic analysis suggests the average household size to be between 2.5 and 4.5 persons.

• Population growth in Doha averages 2.6% and the national average is 4.1%; average population increase in Al Khor is 7.3%.

• Planned expansion at Ras Laffan Industrial City will reach 20% annually for the coming years with a total of 150,000 people working at the site by 2015.

• Expatriate workers expecting to stay in Qatar for three to five years (in contrast with an 18 month average stay in Dubai)

• Current supply of Residential properties in Qatar is not matching the Population Growth

• Economic and mostly Real estate downturn in Europe and the US TABLE OF CONTENTS

1. Qatar Market Overview

2. Current and Future Conditions in Qatar

3. URJUAN - A Development by Barwa Al Khor Company

4. Surrounding Property and Real Estate Competition

5. Strategic Positioning

A DEVELOPMENT BY BARWA AL KHOR COMPANY W.L.L. 8 DATA ANALYSIS

Income Analysis of residents in Qatar based on 2005 figures with estimated 10% Annual escalation of salaries CURRENT AND FUTURE CONDITIONS

Occupation levels Villas are sought after very strongly in Qatar, in Doha and Al Khor.

Villa rental trends in Doha

Villa Trends

30,000

25,000

20,000

15,000

10,000

5,000

0 2002 2003 2004 2005 2006 2007

Mid Income 4 Bed Mid Income 5 Bed High Income 4 Bed High Income 5 Bed CURRENT AND FUTURE CONDITIONS

Occupation levels

Occupation levels in Doha and al Khor are 100% currently for Residential and Office space; this is expected to continue this way for the coming years with the levels of newcomers to the country. Apartment rental trends in Doha

Apartment Trends

20,000 s l

a 15,000 t n e R 10,000 y l h t n

o 5,000 M 0 2002 2003 2004 2005 2006 2007

Year

Mid Income 2 Bed Mid Income 3 Bed High Income 2 Bed High Income 3 Bed PROPERTY DEVELOPMENT IN AL KHOR AREA

Residential:

Residential provision is limited to 3,000 villas in Al Khor, with additional accommodation at Ras Laffan Industrial City.

AL KHOR COMMUNITY CENTRE Villas and apartments

437 villas including 4 & 5 bedrooms

340 apartments with 3 bedrooms

756 apartments with a single bedroom 13 TABLE OF CONTENTS

1. Qatar Market Overview

2. Current and Future Conditions in Qatar

3. URJUAN - A Development by Barwa Al Khor Company

4. Surrounding Property and Real Estate Competition

5. Strategic Positioning

A DEVELOPMENT BY BARWA AL KHOR COMPANY W.L.L. 14

URJUAN - THE DEVELOPMENT (PLAN VIEW)

16 URJUAN DEVELOPMENT COMPONENTS

 URJUAN Development includes land bounded by the sea and Al Khor City to the South, Al Khor City main road to the North and West, and Ras Gas Housing Compound to the North and Al Khor City Natural Reserve to the East.  5.5 square kilometers of land / 4 km of beach front

Hospitality •One 5-star Business Hotel •One Luxury Beach Resort • Private & Public Beach Clubs

Commercial •Pedestrian street Retail: boutique shops and restaurants •High end shopping mall •Neighborhood Retail •Corporate Office Parks •Low to Medium Rise Mixed Use •(Stores/restaurants/offices topped with residential and/or office)

Tourism •18-hole Golf Course • Leisure facilities •Golf club, marine club, yacht club

Residential In Addition, there are a host of community services required by a •Villa plots development of this size: •Residential Apartment plots •Civic/Governmental uses •Terraced Apartment units •Public facilities (schools, mosques, etc.) •Beachfront estates •Parks and open space

A DEVELOPMENT BY BARWA AL KHOR COMPANY W.L.L. 17 URJUAN DEVELOPMENT MASTER PLAN

A DEVELOPMENT BY BARWA AL KHOR COMPANY W.L.L. 18 A DEVELOPMENT BY BARWA AL KHOR COMPANY W.L.L. 19 A DEVELOPMENT BY BARWA AL KHOR COMPANY W.L.L. 20 STRATEGIC POSITIONING

FREEHOLD TITLE

One of the main strengths of the Development is that Al Khor will be granted freehold title in terms of Law No 17 of 2004. This constitutes a strong edge over other similar or competing Developments in Qatar, as in all of Qatar there are only three Developments that have been awarded this status, namely:

Barwa Al Khor

The Pearl Qatar

West Bay Lagoon

Other Developments such as Lusail and Waab City, do not have this privilege and will be leased to foreigners, and sold only to Qatari and GCC Nationals. A DEVELOPMENT BY BARWA AL KHOR COMPANY W.L.L. 22 A DEVELOPMENT BY BARWA AL KHOR COMPANY W.L.L. 23 DATA ANALYSIS

TARGETED CUSTOMERS

• Qatari Nationals living in Al Khor.

• Management and senior management from Ras Laffan Industrial City,

• Middle to high income individuals living in Doha who now commute from Doha or having families living in Doha and stay in Ras Laffan during the week.

• Second home owners, looking to escape the high density and the traffic of Doha, are potentially a target as residents in Al Khor.

• Expatriates living in Qatar or abroad looking to obtain a Residency permit.

• GCC nationals looking to live or invest in Qatar.

• International Investors looking for tax free real estate investments. THE CITY OF THE PAST TO THE CITY OF THE FUTURE

A DEVELOPMENT BY BARWA AL KHOR COMPANY W.L.L. 25 QUESTIONS

AND

ANSWERS THANK YOU