DOCSLIB.ORG

Abu Dhabi Report H22012

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Abu Dhabi Report H22012 Abu Dhabi Report H2 2012 “2012 was a pivotal year for the Abu Dhabi real estate market with the delivery of significant new developments which have raised the quality of living and working standards in the capital. The residential sub-sectors are now becoming more clearly defined by qualitative factors with tenants seeking value for money. In 2013 we expect to see a widening segregation in rental rates between the popular new developments, which, with occupancy levels rising, will be able to sustain rental levels and in some cases achieve growth, and the less popular older stock, that will continue to see rents come under downward pressure as landlords compete to maintain occupancy.“ Paul Maisfield, Associate Director & General Manager Abu Dhabi, Asteco Property Management Abu Dhabi Supply Estimates 2012 New Supply 2013 Scheduled New Supply Average Apartment Rental Rates (AED’000/pa) Apartments (in units) 9,000 12,000 Studio 1 BR 2 BR 3 BR Villas (in units) 6,000 5,000 From To From To From To From To Offices (in m2) 312,000 290,000 Marasy -- 87 110 135 170 185 237 Marina Square 55 65 75 85 110 130 140 180 Nation Towers - - 95 100 145 170 165 300 Reef Downtown - - 55 65 70 75 85 95 Residential Market Overview Rihan Heights -- 95 122 130 150 155 190 We estimate that approximately 15,000 new homes have been delivered to the Abu Dhabi market Saadiyat Beach Apartments -- 81 128 130 163 165 206 over the course of 2012, with a further 17,000 scheduled for completion in 2013. Shining Towers - - - - 120 140 175 230 The distribution of the new supply is presented in the table below. St. Regis Residences 75 90 110 145 180 190 240 260 Investment Areas Non Investment Areas Sun & Sky Towers -- 90 100 120 140 155 180 Total Mainland Reem Saadiyat Abu Dhabi Island Mainland In 2013 we expect to see a widening segregation in rental rates between the popular new 2012 3,500 3,300 400 2,300 5,500 15,000 developments, which, with occupancy levels rising, will be able to sustain rental levels and in some cases achieve growth over the next 12 months, and the older less popular stock, that will continue 2013 3,000 5,900 500 3,000 4,600 17,000 to see rents come under downward pressure as landlords compete to maintain occupancy. Total 6,500 9,200 900 5,300 10,100 32,000 The performance of the Abu Dhabi residential leasing market in 2013 will be strongly influenced by The introduction of this new supply has resulted in average rental levels declining across the market the impact the two recent Government announcements will have on demand: on average by 12% over the last 12 months. 1. Government employees required to reside in Abu Dhabi to qualify for housing allowances; As expected, when the new Investment Area developments initially entered the market during 2. All leases to be registered in the Tawtheeq system thus precluding the sharing of accommodation. the first half of the year, rental rates declined given the volume of availability. However, these developments have generated good levels of demand, driven by residents upgrading to better quality accommodation, which consequently resulted in more stable rents, particularly over the last Office Market Overview three months. In some cases, the rental declines seen in the first half of the year have been reversed as take up levels increased. We estimate that approximately 312,000 m2 (NLA) of office space has entered the market in 2012, 2 Current asking rents for selected new developments in the city are presented in the following table. with a further 290,000 m (NLA) scheduled for completion in 2013. The major new additions in 2012 included IPIC Headquarters, Nation Towers, Liwa Tower and Average Apartment Rental Rates (AED’000/pa) Shining Towers. Upcoming projects for 2013 include Al Bustan Complex, the ADIC Headquarters, Studio 1 BR 2 BR 3 BR World Trade Centre and Landmark Tower. From To From To From To From To The delivery of superior quality offices combined with attractive lease terms has resulted in growth Al Bandar 75 80 110 115 130 150 200 230 in transaction activity throughout 2012. Take-up has been dominated by the government sector Al Muneera - - 80 90 110 130 150 190 with entities including Abu Dhabi Tourism Authority, Ministry of Economy, Ministry of Labour, Department of Transport and Etihad Rail taking a substantial amount of office space. Private sector Al Zeina - - 80 90 115 130 140 165 demand has also increased, although requirements are relatively small (less than 500 m2). Capital Plaza - - 100 120 125 155 175 250 Average Grade A office rents are now AED 1,600 per m2 (net effective), representing a decline of Etihad Towers - - 100 149 139 177 195 324 close to 16% over the last 12 months. 02 For additional information call +971 600 54 7773 or email [email protected] www.astecoreports.com Summary H2 2012 and Outlook H1 2013 Residential Leasing – Apartments and Villas H2 2012 H1 2013 Transaction Activity Transaction activity has been strong as a result of new quality supply being delivered to the market combined We anticipate that transaction activity will remain strong in 2013, as more supply enters the market. with more attractive rental rates, driving internal movement. In addition, the recent announcement requiring Government employees to live in Abu Dhabi to qualify for a In addition, the new Tawtheeq lease registration requirements and the government’s efforts to stamp out illegal housing allowance is likely to lead to increased demand at the high end of the market given the value of housing sub-division of villas has led to an increase in demand at the lower affordable end of the market. allowances offered. Popular Prime developments offering a high-end lifestyle as part of a mixed use community (i.e. high quality, good The prime “life-style” developments will continue to prove popular and rising occupancy levels are likely to Developments and finishes/specifications and access to an array of high quality facilities/amenities) satisfied pent up demand at facilitate some rental growth in 2013 as there are currently few competing developments within this high-end Unit Types the top end of the market (i.e. St Regis, Etihad Towers and Eastern Mangroves). segment. There is a waiting list for apartments at the popular St Regis Residences on Saadiyat Island. The major Investment Area developments on Reem Island and Raha Beach have also proven popular with Saadiyat Island is anticipated to become increasingly attractive to residents as a premier living destination with improved quality, parking and access to facilities/amenities available at affordable rents, attracting demand the Cranleigh School due to open in 2014 along with the New York University. from existing residents seeking to upgrade and obtain better value for money accommodation. With its prime position on the Corniche and lifestyle offering, Nation Towers is expected to become one of the Older lower quality buildings have seen their vacancy levels reduce over the last three months where pricing had most sought after addresses in the city after having secured a high level of pre-leasing activity. been adjusted appropriately to tap into this segment of the market. Developments such as Al Muneera and Al Zeina are likely to remain popular as the communities are becoming Villa developments offering good community facilities (i.e. Golf Gardens and Mangrove Village) remained established with supporting retail and F&B outlets due to open during the year. popular and achieved premiums compared to standalone villas. There is currently a lack of good quality villa communities in Abu Dhabi and hence the existing villa developments will continue to prove popular. Leasing Terms and The market standard for rent payment terms was two cheques without additional costs, while some landlords Similar lease terms are expected to be the norm in 2013, with landlords of the most desirable developments / Incentives accepted more instalments but at a premium (usually around AED5,000 per extra cheque). units less willing to negotiate compared to those likely to accept more instalments to secure tenants. Some landlords of prime buildings in the city did not offer any incentives due to sufficient demand. Expatriate landlords with mortgage commitments are also more likely to offer better leasing terms and / or incentives in order to cover their mortgage repayments. Supply and Demand Close to 9,000 units were handed over on the mainland in 2012 most notably in the form of Al Reef Villas and A large percentage of the upcoming new supply for 2013 will be located on Reem Island with the expected Al Reef Downtown, Rayyana by Sorouh next to the Abu Dhabi Golf Course, Al Muneera and the last phases of completion of approximately 5,900 units, comprising the Gate District and a number of standalone towers on Al Zeina at Al Raha Beach. Shams Abu Dhabi. Close to 2,800 units were handed over in Marina Square on Reem Island this year, excluding Tala Tower which Good quality apartments will be delivered on the main Abu Dhabi Island in the Bateen Area in the form of is anticipated for handover in 2013. Marasy by ICT, as well as on Saadiyat Island, by TDIC. On the main island, the major new developments included Rihan Heights next to the Grand Mosque with over In terms of affordable supply, several buildings located within the Reef Downtown development will provide 860 residential units. additional apartments, whereas the Hydra Village development close to Shahama will deliver townhouses. Most of these new developments are part of the “new Abu Dhabi” and as such have benefited from good demand levels as tenants were keen to upgrade to better quality accommodation.
Load more

Recommended publications
  • Valustrat Dubai Real Estate Review Q1 2019
    Real Estate Market 1st Quarter | 2019 Review Real VPI Residential VPI Residential VPI Office Estate Capital Values Rental Values Capital Values Performance -12.4% -9.0% -14.4% Q1 Y-o-Y Q1 Y-o-Y Q1 Y-o-Y Market Intelligence. VPI Simplified. ValuStrat Price Index Source: ValuStrat Source: ValuStrat Source: ValuStrat Key Indicators Source: REIDIN, DTCM, ValuStrat Residential Off-Plan Residential Off-Plan Residential Ready Residential Ready Residential Sales Ticket Size Sales Volume Sales Ticket Size Sales Volume Rents 1.59m 4,418 1.64m 2,677 94,929 AED Transactions AED Transactions AED p.a. 24.6% 4.8% 7.0% -0.9% -1.9% Q-o-Q Q-o-Q Q-o-Q Q-o-Q Q-o-Q Hotel Average Hotel Office Sales Office Sales Office Daily Rate Occupancy Ticket Size Volume Rents 465 78% 1.05m 387 968 AED Jan-Dec 2018 Jan-Dec 2018 AED Transactions AED/sq m p.a. -5.5% 2.0% -17.5% 64.0% -1.0% Y-o-Y Q-o-Q Q-o-Q Q-o-Q Q-o-Q Increase Stable Decline 1 | Dubai Real Estate Market 1st Quarter 2019 Review VPI ValuStrat Price Index Residential The valuation-based ValuStrat Price Index (VPI) for Dubai’s residential capital values, VPI - Dubai Residential Capital Values displayed an overall 12.4% annual fall in 16 Apartment and 10 Villa Locations [Base: Jan 2014=100] capital values, with quarterly declines of 3.2%. This downward trend resulted in 27.1% 110 citywide capital value loss since the peaks of 98.0 97.9 97.5 97.5 97.0 100 96.7 96.2 95.4 mid-2014.
    [Show full text]
  • Sample 20. UAE: Abu Dhabi
    Sample 20. UAE: Abu Dhabi 20.11 Government strategy ADWEA has led the way in the region in private sector participation in the water industry, introducing the emirate’s first IWPP in 1998. In the decade since 1998, 3.3 million m3/d of desalination capacity has been delivered via seven IWPPs, which are detailed in the figure below. The total value of these projects was approximately USD 13.4 billion. Figure 20.x: Existing independent power and water projects (IWPPs) in Abu Dhabi Value Debt Year of Margin (bps Project Capacity (billion Structure (billion Tenor Financial Close above Libor) USD) USD) 227,000 m³/d Taweelah A2 0.8 1998 20-year PWPA 0.56 17 80 - 150 710 MW 385,000 m³/d Taweelah A1 1.5 2000 20-year PWPA 1.02 19 110 - 145 1,350 MW 454,000 m³/d Shuweihat 1.8 2001 20-year PWPA 1.28 20 110 - 145 1,500 MW 430,000 m³/d Umm al-Nar 2.0 2003 20-year PWPA 1.39 20 100 - 165 1,550 MW 750,000 m³/d Taweelah B 3.1 2005 20-year PWPA 2.17 20 115 - 170 2,000 MW 454,000 m³/d Fujairah 1 1.5 2006 20-year PWPA 1.28 22 65 - 120 887 MW 590,000 m³/d Fujairah 2 2.7 2007 20-year PWPA 2.14 23 65 - 110 2,000 MW The policy of introducing private sector participation has been replicated in the procurement of new wastewater-treatment capacity. Two major contracts, involving a cumulative capacity of 800,000 m3/d, were awarded by ADWEA in 2007-08, through its wholly owned sub- sidiary ADSSC, on a 25-year BOOT basis.
    [Show full text]
  • List of References by Mbm
    LIST OF REFERENCES BY MBM RAISED FLOOR RAISED FLOOR- REFERENCES PROJECT NAME CLIENT CONTRACTOR MANUFACTURER YEAR ABU DHABI WATER & ELECTRICITY AL AIN GAS TURBINE HOUSE TARGET ENGG. CONST. CO. UNIFLAIR 1993 DEPT ABU DHABI WATER & ELECTRICITY ABU DHABI GAS TURBINE HOUSE TARGET ENGG. CONST. CO. UNIFLAIR 1993 DEPT MUSSAFAH OFFSHORE ADDCAP COSTAIN ENGG. & CONST. UNIFLAIR 1994 LNG PLANT, DAS ISLAND ADGAS C.C.I.C. UNIFLAIR 1994 RENOVATION OF VILLA IN ABU DHABI PRIVATE POLENSKY & ZOELLINER UNIFLAIR 1994 BLDG. FOR MR. HATHBOUR AL RUMAITHI D.S.S.C.B. RANYA CONTG. CO. UNIFLAIR 1994 MIRFA GAS PIPELINE ADCO DODSAL PRIVATE LTD. UNIFLAIR 1995 ABU DHABI INT'L AIRPORT ABU DHABI DUTY FREE DECO EMIRATES UNIFLAIR 1995 ABU DHABI INT'L AIRPORT, EXT. TO TRANSIT ABU DHABI DUTY FREE DECO EMIRATES UNIFLAIR 1995 HOTEL GA MUBARRAZ ISLAND ADNOC TARGET ENGG. CONST. UNIFLAIR 1995 RAS AL KHAIMAH CEMENT FACTORY RAS AL KHAIMAH CEMENT COSTAIN ENGG. & CONST. UNIFLAIR 1995 RENOVATION OF COMPLEX IN ABU DHABI MINISTRY OF INTERIOR AL MANSOURI 3 B UNIFLAIR 1995 31 December 2020 2 RAISED FLOOR- REFERENCES PROJECT NAME CLIENT CONTRACTOR MANUFACTURER YEAR W.E.D. GAS TURBINE PACKAGE AT AUH & AL AIN MARUBENI CORPORATION U.T.S. KENT UNIFLAIR 1995 ETISALAT TELECOM. BLDG. AT BARAHA, DUBAI ETISALAT UNITY CONTG. CO. UNIFLAIR 1995 ETISALAT TELECOM. BLDG.AT SHJ. IND. AREA ETISALAT UNITY CONTG. CO. UNIFLAIR 1995 NATIONAL BANK OF ABU DHABI NATIONAL BANK OF ABU DHABI A.C.C. UNIFLAIR 1995 ETISALAT TELECOM. & ADMIN. BLDG. , FUJAIRAH ETISALAT COSTAIN ABU DHABI CO. UNIFLAIR 1995 ETISALAT TELECOM. & ADMIN .BLDG., RAK ETISALAT COSTAIN ABU DHABI CO.
    [Show full text]
  • Technological Advances and Trends in Modern High-Rise Buildings
    buildings Article Technological Advances and Trends in Modern High-Rise Buildings Jerzy Szolomicki 1,* and Hanna Golasz-Szolomicka 2 1 Faculty of Civil Engineering, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland 2 Faculty of Architecture, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland * Correspondence: [email protected]; Tel.: +48-505-995-008 Received: 29 July 2019; Accepted: 22 August 2019; Published: 26 August 2019 Abstract: The purpose of this paper is to provide structural and architectural technological solutions applied in the construction of high-rise buildings, and present the possibilities of technological evolution in this field. Tall buildings always have relied on technological innovations in engineering and scientific progress. New technological developments have been continuously taking place in the world. It is closely linked to the search for efficient construction materials that enable buildings to be constructed higher, faster and safer. This paper presents a survey of the main technological advancements on the example of selected tall buildings erected in the last decade, with an emphasis on geometrical form, the structural system, sophisticated damping systems, sustainability, etc. The famous architectural studios (e.g., for Skidmore, Owings and Merill, Nikhen Sekkei, RMJM, Atkins and WOHA) that specialize, among others, in the designing of skyscrapers have played a major role in the development of technological ideas and architectural forms for such extraordinary engineering structures. Among their completed projects, there are examples of high-rise buildings that set a precedent for future development. Keywords: high-rise buildings; development; geometrical forms; structural system; advanced materials; damping systems; sustainability 1.
    [Show full text]
  • Valustrat Abu Dhabi Real Estate Review Q2 2021
    Abu Dhabi Real Estate Market 2021 Quartely Review www.valustrat.com 2nd Quarter Market Intelligence. VPI Simplified. ValuStrat Price Index REAL ESTATE PERFORMANCE VPI Residential VPI Residential Capital Values Rental Values 67.3 77.7 Base: Q1 2016=100 Base: Q1 2016=100 2.1% 4.3% Q-o-Q Q-o-Q Source: ValuStrat KEY INDICATORS Source: ValuStrat, REIDIN, STR Apartment Villa Apartment Villa Asking Sales Price Asking Sales Price Asking Rents Asking Rents 12,491 10,596 118,000 213,700 AED/sq m AED/sq m 2 Bedrooms (AED p.a.) 4 Bedrooms (AED p.a.) 3.5% 9.3% 4.9% 3.6% Q-o-Q Q-o-Q Q-o-Q Q-o-Q Hotel Hotel Office Office Average Daily Rate Occupancy Asking Sales Price Asking Rents 481.5 62% 10,370 860 (AED) Mar 2021 Mar 2021 AED/sq m AED/sq m p.a. 18.6% 4.2% -10.1% 1.9% Y-o-Y Y-o-Y Q-o-Q Q-o-Q Increase Stable Decline 1 | Abu Dhabi Real Estate Market 2nd Quarter 2021 Review Market Intelligence. VPI Simplified. ValuStrat Price Index RESIDENTIAL The valuation based ValuStrat Price VPI - ABU DHABI RESIDENTIAL CAPITAL VALUES Index (VPI) for capital values in 5 Villa and 5 Apartment Locations Abu Dhabi’s residential investment [Base: Q1 2016=100] zones for the second quarter 2021, increased 2.1% quarterly to 65.8 points. This was the first time the 4.1% VPI has witnessed three consecutive 92.4 90.3 88.5 87.1 85.5 83.8 quarters of growth since 2016, 81.1 2.1% 77.6 75.1 72.7 70.9 69.1 aggregating 7.2% since Q4 2020.
    [Show full text]
  • List of Pharmaceutical Providers Within UAE for Daman's Health Insurance Plans
    List of Pharmaceutical Providers within UAE for Daman ’s Health Insurance Plans (InsertDaman TitleProvider Here) Network - List of Pharmaceutical Providers within UAE for Daman’s Health Insurance Plans This document lists out the Pharmacies and Hospitals available in Daman’s Network, dispensing prescribed medicines, for Daman’s Health Insurance Plan (including Essential Benefits Plan, Classic, Care, Secure, Core, Select, Enhanced, Premier and CoGenio Plan) members. Daman also covers its members for other inpatient and outpatient services in its network of Health Service Providers (including hospitals, polyclinics, diagnostic centers, etc.). For more details on the other health service providers, please refer to the Provider Network Directory of your plan on our website www.damanhealth.ae or call us on the toll free number mentioned on your Daman Card. Edition: October 01, 2015 Exclusive 1 covers CoGenio, Premier, Premier DNE, Enhanced Platinum Plus, Select Platinum Plus, Enhanced Platinum, Select Platinum, Care Platinum DNE, Enhanced Gold Plus, Select Gold Plus, Enhanced Gold, Select Gold, Care Gold DNE Plans Comprehensive 2 covers Enhanced Silver Plus, Select Silver Plus, Enhanced Silver, Select Silver Plans Comprehensive 3 covers Enhanced Bronze, Select Bronze Plans Standard 2 covers Care Silver DNE Plan Standard 3 covers Care Bronze DNE Plan Essential 5 covers Core Silver, Secure Silver, Core Silver R, Secure Silver R, Core Bronze, Secure Bronze, Care Chrome DNE, Classic Chrome, Classic Bronze Plans 06 covers Classic Bronze
    [Show full text]
  • Case Study: Gate Towers, Abu Dhabi
    ctbuh.org/papers Title: Case Study: Gate Towers, Abu Dhabi Authors: Gurjit Singh, Chief Development Officer, Aldar Properties Hossam Eldin Elsouefi, Senior Project Manager, Aldar Properties Peter Brannan, Managing Director, Arquitectonica Subjects: Architectural/Design Building Case Study Keywords: Construction Design Process Façade Skybridges Publication Date: 2013 Original Publication: CTBUH Journal, 2013 Issue IV Paper Type: 1. Book chapter/Part chapter 2. Journal paper 3. Conference proceeding 4. Unpublished conference paper 5. Magazine article 6. Unpublished © Council on Tall Buildings and Urban Habitat / Gurjit Singh; Hossam Eldin Elsouefi; Peter Brannan About the Council The Council on Tall Buildings and Urban Habitat, based at the Illinois Institute of CTBUH Journal Technology in Chicago, is an international International Journal on Tall Buildings and Urban Habitat not-for-profi t organization supported by architecture, engineering, planning, development, and construction professionals. Founded in 1969, the Council’s mission is to disseminate multi-disciplinary information on Tall buildings: design, construction, and operation | 2013 Issue IV tall buildings and sustainable urban environments, to maximize the international interaction of professionals involved in creating Case Study: Gate Towers, Abu Dhabi the built environment, and to make the latest knowledge available to professionals in a useful Designing Tall to Promote Physical Activity in China form. The Monadnock Building, Technically Reconsidered The CTBUH disseminates
    [Show full text]
  • Of Abu Dhabi Emirate, United Arab Emirates MARINE and COASTAL ENVIRONMENTS of ABU DHABI EMIRATE, UNITED ARAB EMIRATES
    of Abu Dhabi Emirate, United Arab Emirates MARINE AND COASTAL ENVIRONMENTS OF ABU DHABI EMIRATE, UNITED ARAB EMIRATES Page . II of Abu Dhabi Emirate, United Arab Emirates Page . III MARINE AND COASTAL ENVIRONMENTS OF ABU DHABI EMIRATE, UNITED ARAB EMIRATES Page . IV MARINE AND COASTAL ENVIRONMENTS OF ABU DHABI EMIRATE, UNITED ARAB EMIRATES H. H. Sheikh Khalifa bin Zayed Al Nahyan President of the United Arab Emirates Page . V MARINE AND COASTAL ENVIRONMENTS OF ABU DHABI EMIRATE, UNITED ARAB EMIRATES Page . VI MARINE AND COASTAL ENVIRONMENTS OF ABU DHABI EMIRATE, UNITED ARAB EMIRATES H. H. Sheikh Mohammed bin Zayed Al Nahyan Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces Page . VII MARINE AND COASTAL ENVIRONMENTS OF ABU DHABI EMIRATE, UNITED ARAB EMIRATES Page . VIII MARINE AND COASTAL ENVIRONMENTS OF ABU DHABI EMIRATE, UNITED ARAB EMIRATES H. H. Sheikh Hamdan bin Zayed Al Nahyan Deputy Prime Minister Page . IX MARINE AND COASTAL ENVIRONMENTS OF ABU DHABI EMIRATE, UNITED ARAB EMIRATES s\*?*c*i]j6.%;M"%&9+~)#"$*&ENL`\&]j6. =';78G=%1?%&'12= !"##$" 9<8*TPEg-782#,On%O)6=]KL %&'( )*+,-. 2#,On#X%3G=FON&$4#*.%&9+~)#"$*&XNL %?)#$*&E, &]1TL%&9+%?)':5=&4O`(.#`g-78 %!/ اﻷوراق اﻟﻘﻄﺎﻋﻴﺔ fJT=V-=>?#Fk9+*#$'&= /%*?%=*<(/8>OhT7.F 012(.%34#56.%-78&9+:;(<=>=?%@8'-/ABC $L#01i%;1&&!580.9,q@EN(c D)=EF%3G&H#I7='J=:KL)'MD*7.%&'-(8=';78G=NO D)$8P#"%;QI8ABCRI7S;<#D*T(8%.I7)=U%#$#VW'.X JG&Bls`ItuefJ%27=PE%u%;QI8)aEFD)$8%7iI=H*L YZZ[\&F]17^)#G=%;/;!N_-LNL`%3;%87VW'.X NL]17~Is%1=fq-L4"#%;M"~)#"G=,|2OJ*c*TLNLV(ItuG= )aE0@##`%;Kb&9+*c*T(`d_-8efJG=g-78012
    [Show full text]
  • Valustrat Abu Dhabi Real Estate Review Q4 2019
    Real Estate Market 4th Quarter | 2019 Review VPI Residential VPI Residential Real Capital Values Rental Values Estate 69.1 71.5 Performance (Base Q1 2016=100) (Base Q1 2016=100) -11.0% -9.3% Y-o-Y Y-o-Y Market Intelligence. VPI Simplified. ValuStrat Price Index Source: ValuStrat Key Indicators Source: ValuStrat, REIDIN, DCTAD Apartment Asking Villa Asking Apartment Villa Sales Price Sales Price Asking Rents Asking Rents 13,005 9,943 112,500 187,734 AED/sq m AED/sq m 2 Bedrooms (AED p.a.) 4 Bedrooms (AED p.a.) -1.6% -3.4% -2.8% -3.6% Q-o-Q Q-o-Q Q-o-Q Q-o-Q Hotel Average Hotel Office Asking Office Asking Room Rate Occupancy Sales Price Rents 343 73% 10,889 827 (AED) Jan-Sep Jan-Sep AED/sq m AED/sq m p.a. 10.9% 1.1% 2.5% -1.1% Y-o-Y Y-o-Y Q-o-Q Q-o-Q Increase Stable Decline 1 | Abu Dhabi Real Estate Market 4th Quarter 2019 Review VPI ValuStrat Price Index Residential The valuation based ValuStrat Price VPI - Abu Dhabi Residential Capital Values Index (VPI) for capital values in Abu 5 Villa and 5 Apartment Locations Dhabi’s residential investment zones [Base: Q1 2016=100] for the fourth quarter 2019, declined 2.6% quarterly to 69.1 points. Annually, capital values were 11% 120 100.0 lower than the fourth quarter 2018. 96.4 95.4 94.1 100 92.4 90.3 88.5 87.1 85.5 83.8 81.1 The weighted average residential 77.6 80 75.1 72.7 value this quarter was AED 9,246 per 70.9 69.1 sq m (AED 859 per sq ft), apartments stood at AED 10,236 per sq m (AED 60 951 per sq ft), and villas at AED 6,910 per sq m (AED 642 per sq ft).
    [Show full text]
  • GENESYS 20 Service Manual Table of Contents
    GENESYS™ 20 SPECTROPHOTOMETER SERVICE MANUAL GENESYS™ 20 SPECTROPHOTOMETER SERVICE MANUAL Copyright © 1998-2002, Thermo Spectronic All rights reserved. NOTE This service manual contains information, instructions, and specifications for the GENESYS™ 20 spectrophotometer that were believed accurate at the time this manual was written. However, as part of Thermo Spectronic’s on-going program of product development, the specifications and operating instructions may be changed from time to time. Thermo Spectronic reserves the right to change such operating instructions and specifications. Under no circumstances shall Thermo Spectronic be obligated to notify purchasers of any future changes in either this or any other instructions or specifications relating to Thermo Spectronic products, nor shall Thermo Spectronic be liable in any way for its failure to notify purchasers of such changes. FCC COMPLIANCE STATEMENT FOR U.S.A. USERS This equipment generates, uses, and can radiate radio frequency energy, and if not installed and used in accordance with the reference guide, may cause interference to radio communications. It has been tested and found to comply with the limits in effect at the time of manufacture for a Class A computing device pursuant to Subpart J of Part 15 of FCC Rules, which are designed to provide reasonable protection against such interference when operated in a commercial environment. Operation of this equipment in a residential area is likely to cause interference in which case the user at his own expense will be required to take whatever measures may be required to correct the interference. i NEW PRODUCT WARRANTY Thermo Spectronic instrumentation and related accessories are warranted against defects in material and workmanship for a period of three (3) years from the date of delivery.
    [Show full text]
  • List of World's Tallest Buildings in the World
    Height Height Rank Building City Country Floors Built (m) (ft) 1 Burj Khalifa Dubai UAE 828 m 2,717 ft 163 2010 2 Shanghai Tower Shanghai China 632 m 2,073 ft 121 2014 Saudi 3 Makkah Royal Clock Tower Hotel Mecca 601 m 1,971 ft 120 2012 Arabia 4 One World Trade Center New York City USA 541.3 m 1,776 ft 104 2013 5 Taipei 101 Taipei Taiwan 509 m 1,670 ft 101 2004 6 Shanghai World Financial Center Shanghai China 492 m 1,614 ft 101 2008 7 International Commerce Centre Hong Kong Hong Kong 484 m 1,588 ft 118 2010 8 Petronas Tower 1 Kuala Lumpur Malaysia 452 m 1,483 ft 88 1998 8 Petronas Tower 2 Kuala Lumpur Malaysia 452 m 1,483 ft 88 1998 10 Zifeng Tower Nanjing China 450 m 1,476 ft 89 2010 11 Willis Tower (Formerly Sears Tower) Chicago USA 442 m 1,450 ft 108 1973 12 Kingkey 100 Shenzhen China 442 m 1,449 ft 100 2011 13 Guangzhou International Finance Center Guangzhou China 440 m 1,440 ft 103 2010 14 Dream Dubai Marina Dubai UAE 432 m 1,417 ft 101 2014 15 Trump International Hotel and Tower Chicago USA 423 m 1,389 ft 98 2009 16 Jin Mao Tower Shanghai China 421 m 1,380 ft 88 1999 17 Princess Tower Dubai UAE 414 m 1,358 ft 101 2012 18 Al Hamra Firdous Tower Kuwait City Kuwait 413 m 1,354 ft 77 2011 19 2 International Finance Centre Hong Kong Hong Kong 412 m 1,352 ft 88 2003 20 23 Marina Dubai UAE 395 m 1,296 ft 89 2012 21 CITIC Plaza Guangzhou China 391 m 1,283 ft 80 1997 22 Shun Hing Square Shenzhen China 384 m 1,260 ft 69 1996 23 Central Market Project Abu Dhabi UAE 381 m 1,251 ft 88 2012 24 Empire State Building New York City USA 381 m 1,250
    [Show full text]
  • Allen & Overy in the Middle East
    Allen & Overy in the Middle East 2019 allenovery.com 2 Allen & Overy in the Middle East | 2019 Clients praise the firm as “really cutting-edge in their approach. The quality of their work in many respects is unparalleled. It’s very good to have them working with you.” Chambers Global 2019 (Middle East Projects & Energy) “Allen & Overy LLP provides ‘excellent advice, combining technical expertise and commerciality’ .” Legal 500 2018 (UAE, Real Estate) “Allen & Overy LLP handles big-ticket deals across the UAE and the wider Middle East.” Legal 500 2017 (UAE) © Allen & Overy LLP 2019 3 Contents Covering your needs – Supporting you globally 4 Allen & Overy in the Middle East 6 Our regional presence 8 Independent market recognition 10 Awards 11 Sector expertise 13 Banking 14 Project finance 15 Financial services regulatory 17 Corporate and M&A 19 Telecommunications, Media and Technology 22 Equity capital markets 24 Debt capital markets 26 Industry recognition 28 Investment funds 32 Litigation and arbitration 34 Real estate and hospitality 36 Construction 39 Key contacts 41 allenovery.com 4 Allen & Overy in the Middle East | 2019 Covering your needs – Supporting you globally GLOBAL KEY FACTS 5,400 2,800 People Lawyers over firm Single global 40 over 550 Partners 1profit pool Offices of the top 100 public 83% companies assisted 30 worldwide in FY17 Countries (Forbes, May 2017) On average we advise our Top 50 clients in 74% 19% 19 of our work involved of AO’s work comes countries 2 or more offices from high growth markets Our lawyers were ranked
    [Show full text]