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INSIDE VIEW 2020

PAGE 1 Overview

few cities could manage both at The upcoming Dubai Expo 2021 ’s tallest building at over the same time. is a major private and public one kilometre high and the future sector focus, and the project and world's largest mall. The largest However, Dubai is not one for its significant investments are China town in the Middle East will standing still. Over the last year, coming to fruition. The six-month also feature here. Dubai, and the UAE, has continued event, the first to be held in the to improve its ease of doing Middle East, is expected to attract In the mainstream market, business by implementing a new an estimated 25 million visitors. competition is fierce and law that allows 100% on-shore Key infrastructure improvements developers continue to offer foreign business ownership for 122 include the Metro extension and an array of sophisticated dbb activities across 13 sectors. the continuing development of developments and incentives to entice buyers. Opportunities Visa regulations have also been Al Maktoum International airport, which once complete will have include Emaar Beachfront, Port De eased. New legislations include La Mer, Central Park at City Walk the introduction of five year capacity to handle over 200 million passengers annually. and Madinat Living. This retirement visa for those over influx of supply has put downward 55 years old with an investment These developments will help pressure on values but has also of AED 2 million or more in the the fabric of Dubai to continually enhanced affordability; allowing property market, income in excess mature and attract an even families to upsize, first time buyers of AED 20,000 per month or more diverse group of buyers to to enter the market, and an array those with more than AED 1 million the market. We are observing of high yielding properties for in capital. investors of various nationalities investors, benefiting from post Other options include five year acquiring Dubai residential completion payment plans. assets as part of their portfolio, visa terms for investors who Most recently, the United Arab purchase above the AED 5 alongside their pied-à-terre in New York, a home in London has emerged as a world million threshold. In addition to leading example of decisive and these property related visas a for their children’s education or a second home in the south of effective government during the range of business investment global covid-19 pandemic, and visas have also been approved. France for their lifestyle needs. Our clients are truly global citizens as we see lockdown measures Capital investments over AED 10 systematically relaxed the million in enterprise can obtain and Dubai is quickly establishing itself as a key centre for property resilience of Dubai is taking a 10-year visa, where up to shape. Stimuluses’ such as the Dubai: An emblem of 40% of the investment can be investment. We see consistent now increased 80% loan to value related to property purchases. demand for established prime markets in Dubai such as available for certain purchaser Entrepreneurs in the UAE with types and record low interest resilience and progress previous business investments Downtown, and the . These amenity rates on mortgage products worth over AED 500,000 or have also made it a fantastic Dubai has firmly established itself as a global hub, yet those with a business which rich areas with their world-class and Frankfurt, are located within property and mature communities time to consider entering the continues to develop its built environment and soft is accredited by a business marketplace. infrastructure in order to position itself as the world’s eight hours flight time, which incubator, will be able to obtain a will continue to be the epitome smartest and most liveable city. covers two-thirds of the world’s five year visa with the possibility of Dubai’s live, work and play population. of obtaining the aforementioned environment. The gleams One of the driving factors for These fundamentals combine business investor visa, should Although new and upcoming as a progressive beacon of Dubai’s development as a critical well with the city’s strong showing they eventually meet the criteria. neighbourhoods and master political stability, social cohesion global gateway is it's geographic in the Global Financial Centres Finally, the approved legislation planned developments such as and prosperity in the Middle position, being uniquely located Index, the Mercer Quality of Living also allows for a 10-year visa Dubai Hills Estate, District One East. The , in to act as a hub for accessing Asia, Survey, the Economist Intelligence for high value talent in selected and Jumeirah Bay with their particular, has showcased these the Middle East and Africa – all key Unit’s Global Liveability Ranking fields, as well as five year visas for incredible mansion villas and fundamentals to the world. future economic growth centres. and Lonely Planet’s eponymous students who are studying in the sprawling modern apartments will Through its rapid transformation Within a four-hour flight time, cool neighbourhood listing. The UAE, and their families. certainly challenge this status quo. and business friendly environment, Dubai is able to access 10 leading fact that quality of life and ease Alongside these soft infrastructure Dubai Harbour is certainly Dubai has become a leading global cities, including Riyadh of doing business keep rising, developments, we are also seeing on its way to doing this, and when global financial and business hub, and Delhi or a third of the world’s alongside stellar population complete this urban metropolis Matthew Cooke the built environment in Dubai Partner alongside being one of the world's population. A further 24 key cities, growth, points to the fact that continue to evolve. will be home to what is set to be Knight Frank most visited cities. including London, Singapore Dubai has got many things right– Middle East

PAGE 2 PAGE 3 Lifestyle

Discover all that’s possible

As a touristic destination, the United Arab Emirates (UAE) is known for its world renowned architecture, gleaming beaches and its extraordinary malls. This, world-beating offering, is only just a part of the UAE’s offerings, there is much more to Dubai and the UAE.

Al-Hayl Castle international influences which Al Rufaisah Dam and have shaped the UAE remain Wadi Shawka 1 hour evident to today. drive Fujairah 3 hours Fujairah Castle, also known as drive Wadi Shawka Whilst Snoopy Island, just off Al-Hayl Castle or Fujairah Fort, was built over 250 years ago and the coast of Fujairah, has put the Al Rufaisah Dam sits in Khor "The country’s Eastern Mangroves species in the UAE is the avicennia emirate on the map and is a must sits in the Hajar mountains, close Fakkan, a town located on the marina or grey mangrove. These for snorkelers and divers, the to Al Hayl village. The fort has east coast of the United Arab natural wonders 1 hour mangroves showcase the variety emirate of Fujairah offers a range been involved in many battles Emirates. The dam itself was built 15 mins Abu of wildlife and nature that the UAE and history offers drive Dhabi of historic attractions. throughout history and has now in the 1980’s and has resulted in a everything the is home to. The forests are home turned into a historical landmark beautiful lake which is surrounded The natural mangroves in the to fish and turtles species. They The UAE's historic value is not of Fujairah. country’s residents by rocky mountains. Visitors will UAE are a important part of the also provide a safe haven for birds acknowledged as much as it enjoy the expansive scenery and visitors that are nesting or migrating. Although not significant in size, country’s marine ecosystem. should be. Given its central from the rest area or get more a visit to Al Hayl castle will offer could desire." Mangroves are the unique woody location, both in the region and involved by checking out the While there are mangrove forests an insight into the country's plants that grow along the UAE's globally, throughout history boating facility. The location truly sprinkled across the UAE, they it has been a key trade and history and is a good example of coast lines, covering thousands are mostly situated in Abu Dhabi. transports you to another world, of hectares. The most common shipping hub. Remnants of these traditional architecture. visitors are most likely encounter Mangrove forests are among the swans, eye-capturing plant life top experiences for nature lovers. and many like-minded people. The Eastern Mangrove Lagoon in Abu Dhabi is very popular for sea Those looking for a more activity paddlers. Visiting the mangroves based adventure should drive to paddle through the routes over to Wadi Shawka. The Wadi, between the forests a great way to which translates to "the valley", spend an afternoon for individuals, floods and dries depending families and couples. on the season. As a result its scenery and the activities one can partake in change from month- to-month. Due to this, it is gaining Thomas Farmer popularity with explorers, it is a Associate Partner prime location to get some hiking, Head of Marketing and Communications mountain biking, swimming and Knight Frank camping in. Middle East Al-Hayl Castle Eastern Mangrove Lagoon

PAGE 4 PAGE 5 Meet the Experts – Visas

Dubai: the home of the global citizen

Murtaza Khan is Managing Partner for Middle East & Africa at Fragomen, the largest global immigration advisory firm.

Dubai remains an attractive as a whole, the principal option to of categories including investors, The rules in themselves also world, sustainability and longevity " In 2019, the long location for high net worth reside in the country continues entrepreneurs, specialist talent, make provision for these of schemes are often considered term residency individuals (HNWI). It continues retirees and outstanding students. residence permits to be available important. In that context, it is to be under the category of or ‘golden visa’ to expand its offering of high temporary residence. This is on the basis of ‘no sponsorship’, worthy to mention that the UAE’s Real estate investors with quality lifestyle choices, housing, usually in the form of a two or truly recognising the value of policy overall aligns with its longer scheme was property values above AED 1 education and healthcare and, three year renewable residence respective talent or capital in itself term vision as set out in the introduced in million in Dubai were previously with the exception of consumption permit based on the sponsorship as a determinant for long term UAE Centennial 2071 pillars. limited to a two or three year the UAE." taxes such as VAT, remains of an employer. Investors and immigration status. These pillars consist of a future- renewable residence permit. largely free of personal or income HNWIs continue to also benefit, focused government, excellence With the new legislation, property Whilst the long-term residency taxes. The government’s strategy in their capacity as business or in education, diversified economy owners with values exceeding AED scheme has been implemented includes continually strengthening property owners, in a similar form including advanced industries, 5 million may qualify for a five year in parts, the authorities are Destination Dubai as is shown by of a renewable two or three year and a happy and cohesive society. its upward charge through various residence permit. continuing to work through this to residence permit. ensure the application facilities, No doubt, passing of this global indices and rankings. Furthermore, investors with a In 2019, the long term residency adjudication processes and legislation has been a significant Dubai ranks as the number one broader portfolio of investments timings, along with standards of and exciting milestone in terms or ‘golden visa’ scheme was city across the Middle East and in the country valued at more review and eligibility are further of immigration policy of the introduced in the UAE. This was Africa (MEA) region in the World than AED 10 million, may be clarified. As can be seen from country. It provides leadership taken announced late in 2018 but Bank’s Ease of Doing Business eligible for a 10 year residence wide press coverage through the in the region by creating a formally adopted as legislation in ranking (11th worldwide) and permit, subject to certain rules year, many such HNW business pathway for individuals with 2019 and has led to the creation Mercer’s Quality of Living index including specific provisions on owners who were already invested talent or capital to take a longer of significant additional categories (74th worldwide). The latter report portfolios. In addition, there are in the country in a significant way term outlook in relation to their of immigration options, many of also ranks Dubai as the safest city further provisions for five year have indeed been issued with 10 immigration status and, as a which would be interesting for in MEA (73rd worldwide). renewable residence permits year residence permits. result, also investing their capital HNWIs. These include longer- for retirees above the age of 55 and talent in the country. Murtaza Khan For the large number of foreign term , either five or 10 years, with certain de minimis financial When looking at similar attempts Managing Partner, Middle residents in Dubai, and the UAE residence permits for a spectrum resources requirements. at immigration reform around the East & Africa, Fragomen

PAGE 6 PAGE 7 UAE Residency Guide

The application process • W ith the new title deed and approval from the DLD. (Note: DLD Dubai investor supporting documentation, entry approvals can take up to 30 days Procuring a UAE visa rules Three-year investor visa permit application is lodged in some instances as security along with the registration for checks will be conducted). Freehold Properties: The • R eference Letter obtained from an Emirates ID. Investor Visa property should be in a freehold Dubai Land Department (DLD) • A fter approval, investor will need area. If you have purchased a and submitted to the Dubai Police • I nvestor will need to complete to complete a medical which property in a leasehold area, you for issuance of a Police Clearance a medical which includes blood includes a blood test. are not the rightful owner of that Certificate (PCC). test and biometrics as part of based on Property • S ubject to receiving a clear property. Your title deed in this this process. medical, original documentation case will specify how many years • P CC, government fees, and • S ubject to receiving a clear including investors original you have leased the property. all supporting documents are Ownership medical, the residence permit passport, original title deed and Furthermore, if the purchase is submitted to the DLD for an application, investors original other supporting documents are off-plan; or there is a dispute against officer’s review. passport, newly issued title deed lodged at DLD immigration. After the successful acquisition of a new property, investors it; or it is not in habitable condition, • I f all is in order, application will be and other supporting documents may be eligible to apply for an Investor visa, subject to you would not qualify for an investor • A fter 24-48 hours, a five year accepted, and applicant typically are lodged at DLD immigration. obtaining guidance from reputable immigration professionals. visa. investor visa for property In this 2020 UAE Residency guide, Nofi Mojidi, Senior Manager for waits approximately seven to • A fter 24-48 hours, a three owners is endorsed into the Multiple Property Ownership: Fragomen's Worldwide Private Client Practice (Middle East & Africa) 10 business days to receive an year investor visa for property investor’s passport. Previously, investors could only approval from the DLD (Note: DLD provides an overview of the UAE investor visa categories, along owners is endorsed into the apply for a visa against only one approvals can take up to 30 days • O nce passport is endorsed, with the process for procuring an investor visa linked to property investor’s passport. property. In the case of a three in some instances as security applicant can apply for Emirates ownership. year investor visa, an applicant is checks will be conducted). Identity Card. eligible if the total investment is Five-year investor visa 2019 was an unprecedented year issued two year investor visa for AED 1,000,000 or above in one • U pon approval, a Professional in the UAE as the Cabinet approved property owners although the • I n order to begin the process, DLD fees of maximum three properties. License is applied for and comprehensive long-term visa conditions for applying for the applicant must be inside the Furthermore, properties can carry subsequently issued by the DLD UAE. Approval Letter obtained Three-year visa – Approximately options for investors, entrepreneurs, three year remain unchanged. The a mortgage if the purchase price after five to seven business days. from DLD after submission of AED 15,000 for end to end process specialized talents, outstanding purchase price (not the current is AED 1,000,000 or above and supporting documentation and for the individual investor. Additional students and retirees. Respective market value) of the property • U pon Issuance, original title deed at least 50% of the mortgage relevant fee payments. filing fees for each dependant conditions must be met in each of must be at least AED 1,000,000 has been paid off by the time of is submitted to the DLD and between AED 4,000-AED 7,000. the five categories for the applicant or above. Previously, Dubai application. Moreover, owning replaced with a new title Deed • I f all is in order applicant typically and any qualifying dependant(s) to Property visas were only issued Five year visa – Approximately multiple property whose purchase linking the investor’s property to waits approximately five to ten receive either a six month, three year, against residential properties (i.e. AED 4,000 for end to end process price add up to AED 5,000,000 or his/her immigration file. business days to receive an five year, or ten-year visa. As of the Apartments/ Villas) however, the for the individual investor. Additional above, will qualify an investor for the beginning of 2020, more than 2,500 DLD is now accepting applications REQUIRED DOCUMENTATION filing fees for each dependant five year investor visa. investor visa's have been issued for commercial properties (i.e. THREE YEAR FIVE YEAR between AED 3,000-AED 4,000. TYPE OF DOCUMENT INVESTOR VISA INVESTOR VISA across the long term visa categories. Hotel Rooms, Hotel Apartments, Joint Ownership (different Original passports √ √ All government fees payable to Serviced Apartment Offices, and entities): If the property is owned Passport photos (on white background) √ √ the Dubai Land Department Property linked visa types Warehouses) as well. The three by multiple individuals, each person √ X (DLD) and General Directorate of year visa is exclusively available for can apply for the investor visa if Police Clearance Certificate Non-Objection Certificate (NOC) from Residence and Foreign Affairs There are three types of investor investors with properties situated √ X each person has a share of the developer (as applicable) (GDFRA) are subject to change at visas available to individuals who in the Emirate of Dubai. purchase price equivalent to at Health insurance card / certificate √ √ the DLD’s discretion. have purchased properties in the least AED 1,000,000 or above. Emirates ID registration forms √ √ UAE: 6-month Multiple Entry, three • I n 2018, the UAE Cabinet Title deed must be in the name of Medical certificates: all applicants over 18 √ √ There are also further points for year Investor visa, and five year announced that a five year the individual/ investor and not a Sponsor’s Ministry of Foreign Affairs (MOFA) consideration for which we advise investor visa will be issued to √ √ Investor visa. company. attested marriage certificate clients to seek professional advice. property investors in all seven Children’s Ministry of Foreign Affairs (MOFA) √ √ • The six month multiple entry Emirates. This came into effect in Joint Ownership (husband & attested birth certificates √ X visa enables its holder to enter the July 2019. The five year Investor wife): If the property is owned Professional license Proof of minimum monthly income of AED 10,000 UAE and complete the procedures visa carries a five year validity and √ X jointly by husband and wife, or equivalent in a foreign currency related to their Investor category. can be renewed before or upon then either spouse can apply Recent DEWA / (utility) bill in name of sponsor if √ √ expiry. To qualify, an applicant for UAE investor visa even if the sponsoring any dependents Nofisatu Mojidi • The three year Investor visa Sponsors bank account IBAN number if sponsoring must invest at least AED 5 million √ √ Senior Manager, property’s total purchase value is any dependents carries a three year validity and can in one or more properties; with no Worldwide Private Client AED 1,000,000 divided between Sponsors bank account statement evidencing be renewed before or upon expiry. mortgage on any of the properties. √ X Practice, Middle East & the both. An attested marriage 50% mortgage paid-off Africa, Fragomen As of January 2019, the three year Furthermore, the property must be visa has replaced the previously certificate would be required to retained for at least three years. supplement the application.

PAGE 8 PAGE 9 Meeting the Experts – Buying Guide

The developer will arrange to have title to the property registered with the DLD. The Purchase Secondary Market Completion will involve the transfer Procedure in Dubai of title to the purchaser at one of the Dubai Land Department’s Real Estate Registration Trustees’ Buying property in Dubai should be relatively straightforward, offices. The purchase price (less but we would always recommend that you engage the services the deposit and any of the balance of a reputable agent, lawyer, and notary. Simon Green, Partner, of any deferred / post-handover and Poras Dhakan, Associate, at Charles Russell Speechlys an stage payments as applicable) is international law firm, decipher the buying procedure in Dubai. paid to the seller.

The parties will also usually be Residential real estate • Reviewing title information; required to pay the DLD and the transactions in Dubai agent’s fees of 4% and 2% of the • Raising standard enquiries with purchase price, respectively. A transaction for the purchase the seller; of a property in Dubai generally • Carrying out a physical Post-Completion involves the following steps: 5. inspection of the property; and Following completion, the Due diligence prior to exchange; 1. • If the property is tenanted purchaser should: 2. Exchange of contract; and the purchaser requires • Notify all relevant utility possession of the property 3. Pre-completion matters; providers of the transfer of title following completion, the and create a new account in 4. Completion; and tenancy contract should be their name; and reviewed and considered to 5. Post-completion matters. determine the options available • If the property is tenanted then to gain vacant possession. notice should be sent to the 1. Due diligence tenant in respect of the transfer prior to exchange receipts issued by the DLD and an 3. Pre-Completion managers cheques and and to confirm that all future interim title registration certificate. documents, especially corporate Off-Plan Properties Exchange Off-Plan Properties payments should be made to 2. documents pertaining to foreign the purchaser. Secondary Market Due diligence will generally It is important to note that The purchaser will be provided entities, which may take several weeks to notarise and legalise. involve raising standard enquiries exchange will give rise to a legally The Dubai Land Department with the opportunity to inspect of the developer and reviewing binding contract and there may (DLD) has introduced standard the property and prepare a list of their responses alongside all be penalties where a purchaser snagging items for the developer Completion forms of contracts which the 4. title information, the Sale and wishes to withdraw from the to rectify prior to the handover date. parties must enter into in respect Off-Plan Properties Purchase Agreement (SPA) and transaction after this stage. of the transaction. These forms other relevant documentation Secondary Market The developer will write to the Off-Plan Properties only cover essential legal terms provided by the developer. The parties must obtain the purchaser to confirm once the and in practice, the parties Simon Green Following exchange, the developer / the owners’ association construction of the project has Partner Other searches and investigations will prepare a set of additional Charles Russell purchaser will be required to consent in order to transfer title been completed and the unit is may also be made depending on terms to address various other Speechlys commence payment of the agreed to the property to the purchaser. ready to be handed over. the nature of the transaction and contractual provisions. the identity of the parties. instalments towards the purchase Additional forms of consent might The developer may require the price. Such payments should Where the purchaser is providing also be required, such as the DLD’s purchaser to pay service charges Secondary Market only be made into the project’s consent where the property is being the seller with a deposit, due and the balance of the purchase escrow account. bought by a corporate entity. In a secondary market property consideration should be given price at this stage (if applicable and Poras Dhakan assuming no deferred payment Associate transaction, the following due The developer will then provide to how the deposit will be held The purchaser will also be Charles Russell diligence is typically carried out: the purchaser with a set of and released. required to prepare all required terms have been agreed to). Speechlys

PAGE 10 PAGE 11 Dubai Overview

KEY N 1 Palm Monorail T Dubai 1 M M Dubai Metro M Dubai Metro 1

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KEY M M 1 M Palm Monorail M M T M M Dubai Metro Red Line M Dubai Metro Green line M Dubai Metro Route 2020

POPULATION & LOCATION TRANSPORT EDUCATION INFRASTRUCTURE HOSPITALITY AND LEISURE LIFESTYLE DUBAI: A PLACE TO CONNECTED WORLD CLASS EDUCATION VISIONARY A LEADING DESTINATION ASPIRATIONAL LIFESTYLE CALL HOME The world's busiest 209 schools providing Home to the World's tallest 15.92 million international Almost 3,500 annual international airport with over over seven curriculums Building, the at visitors in 2018 of sunshine 3.2 million residents hours including UK, US, IB, French 828 metres high 94% increase in the decade to 2018 89 million passengers The world's fourth most visited city handled in 2018 and Swiss Ranked the most Almost 2,200 Clinics Catering for almost 290,000 students in the Hotel Rooms liveable city International Influence Dubai's location allows and Health Centres 118,345 MENA region 92% of residents are expats, access to: Higher Education 17 Dubai International spent by comprising of over 200 nationalities A third of the world within Institutions $30.82 billion Financial Centre (DIFC) tourists, $1,900 per visitor four hours With over 16,500 enrolled students Dubai leads in overnight international • Opened in 2004 and is the A gateway to the Middle Two-thirds of the world visitor spending globally Middle East, Africa, and South East, Africa, and South within eight hours Asia which accounts for Asia's leading financial centre approximately three Dubai Metro: The world's • Ranked 8th globally in billion people, a little M longest driverless metro the latest Global Financial under half of the global line at Centres Index population 52.1km • Ranked 7th in the world’s top Fintech Locations of the Future 2019/20 for Economic Potential Index Sources: Knight Frank Research: The Economist, fDi Markets, Knight Frank Global Lifestyle Review, DTCM, DIFC, DP World, MasterCard and Dubai Statistics Centre

PAGE 12 PAGE 13 N PALM

THE WORLD

Palm Jumeirah Community Guide

Aquaventure Water Park

Atlantis Aquaventure Station 1

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M M M 1 T T T T T T T T Dubai T T T T M M M M M M M M M D M M M M M M M M M M M M M M M M M M M M M M M M

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M M M M M M M M M Maritime M M M

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M M M M City 1 Palm Mall Station Port Shiekh Zayed Road – E11 TO ABU DHABI 1 Ittihad Park Station Rashid

Burj Al Arab Dubai M Marina Gateway Station M M 1 T T T T T T T T KEY T T T T M M 1 Palm Monorail M M M M Ibn Battuta M M T Dubai Tram Nakheel DMCC M Station Harbour Station DAMAC Properties D M Nakheel Dubai Metro Red Line M & Tower Station M Burj Khalifa / Dubai Mall Station M Station Station Dubai Internet M Dubai Metro Green line Station M M City Station Shiekh Zayed Road – E11 M M M Dubai Metro Route 2020 M M M M M Nakheel Metro Station M M M The Palm Jumeirah is the M Financial Centre M KEY FACTS MARKETStation STATISTICS M world's largest man-made Station Burj Emirate M island, comprising of a two 2001: The year construction started. 2006: First units handed over Dubai Mall M Khalifa Towers M M kilometre trunk, 17 fronds and AVERAGE SALES PRICE AVERAGE RENTAL PRICE AVERAGE YIELDS M Techno a surrounding crescent. The AED/SQ FT, YTD 2019 AED/SQ FT/YEAR, YTD 2019 SEP 2019 (GROSS) M visionary development is shaped M like a palm tree and stems from M Park APARTMENT: AED 1,516 APARTMENT: AED 83 APARTMENT:M 5.4% mainland Dubai. An unrivalled TOTAL M VALUE OF VILLA: AED 2,053 VILLA: AED 73 VILLA: 3.7% standard of beachfront living TOTAL NUMBER SALES PROPERTY SOLD lies at the heart of The Palm M M (2019) (2019) Jumeirah and its instantly Airport T1 Station AED 3.7 SELECTED UPCOMING PROJECTS M M recognizable design offering its Station Emirates Road – E311 residents a lavish lifestyle with BILLION M THE ROYAL ATLANTIS NAKHEEL MALL PALM TOWER Airport T3 Station M M M stunning views over the Dubai 883 M TO SHARJAH skyline and access to the world The Royal Atlantis Residences Set on the top of the trunk on the The Palm TowerCreek is a Statio52-storeyn class facilities and amenities for are destined to become a world- world famous Palm Jumeirah, hotel and residential complex, Emirates Station M M a vibrant lifestyle. D renowned address. Located on Nakheel Mall is set to offer five offering 432 luxury residences M the iconic Palm Jumeirah, the retail levels with 350 shops, and a five star 289 room hotel Dubai International TRAVEL TIMES TO KEY LANDMARKS residences feature architecture restaurants and leisure attractions set among an array of dining from the finest international spread across 1.2 million sq. ft. of and leisure facilities. Dubai designers and benefit from leasable space DUBAI HILLS Creek Tower M uninterrupted views of the ocean M and the Dubai city skyline. The THE POINTE Dubai Nearest Dubai Dubai International M ESTATE residences offer a selection A 1.5km promenade with International Shopping Mall Mall Financial Centre of two, three, four and five more than 100 restaurants M Airport (DIFC) M bedroom apartments, sky courts, and retail outlets set over M 28 mins | 35.5 km 4 mins | 2.4 km 20 mins | 23.9 km 24 mins | 26.9 km penthouses and garden suites. 1.4 million square feet.

Source: Knight Frank Research/ REIDIN Note: *Based on asking rents

PAGE 14 PAGE 15 AL MAKTOUM Emirates Road – E311 AIRPORT Road – E44 Dubai Bypass Road – E611 Dubai (under construction) Aviation City TO AL AIN Silicon Oasis

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THE WORLD

B THE PALM JUMEIRA 1 1 Port Shiekh Zayed Road – E11 TO ABU DHABI Rashid Dubai 1 Marina M M M 1 T T T Downtown Community Guide T T T T T T T T T M M M M M M M M M D Emirates Towers M M Burj Khalifa / Dubai Mall Station M Station M M M Shiekh Zayed Road – E11 M M M M M M M M M M Financial Centre M Business Bay Station M Station Burj Emirate M Dubai Mall M Khalifa Towers M M M Techno M C M M Park M 1 M

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M M M M KEY M EMIRATES M M M M M Airport T1 Station M M 1 Palm Monorail M M M M M M M M KEYT Dubai Tram Al Jadaf Station Emirates Road – E311 M1 DubaiPalm Monorail Metro Red Line HILLS Airport T3 Station M M M MT Dubai MetroTram Green line M M M M Dubai Metro RouteRed Line 2020 TO SHARJAH M Dubai Metro Green line Creek Station The two square kilometres of Emirates Station KEY FACTSM Dubai Metro Route 2020 MARKET STATISTICSM M are home to M D some of Dubai's, and indeed 2004: The year construction started. 2030: Master Plan Completion the world's most spectacular AVERAGE SALES PRICE AVERAGE RENTAL PRICEDuba i AVERAGE YIELDS architecture. Located in the AED/SQ FT, YTD 2019 AED/SQ FT/YEAR, YTD 2019*International SEP 2019 (GROSS) heart of the city, Downtown plays host to some of Dubai's Dubai key landmarks including the TOTAL CreekAPARTMENT: Tower AED 1,990 APARTMENT: AED 99 APARTMENTS: 6.1% DUBAI HILLS TOTAL VALUE OF M world's tallest building, the Burj NUMBER SALES PROPERTY SOLD M Khalifa, and one of the world's (2019) (2019) M largest Mall, Dubai Mall. AED 7.4 ESTATE M BILLION SELECTED UPCOMING PROJECTS M M 2,796 IL PRIMO GRANDE VIDA DUBAI MALL DOWNTOWN VIEWS II The 77-storey Il Primo Located in the Opera Vida Dubai Mall's two sits in the heart of The District, the 72-storey towers feature luxury Downtown Views II is a TRAVEL TIMES TO KEY LANDMARKS Opera District and Grande is set to become one, two, three and 55-storey tower offering comprises of four, five and one of Downtown Dubai's four-bedroom serviced over 410 residential units six bedrooms and duplex highest residential and branded apartments. of one, two and three units occupying half or full towers. It offers one, two, bedroom apartments Dubai Nearest Dubai Dubai International floor plates. three and four-bedroom and duplexes with apartments with incredible unimpeded views of International Shopping Mall Mall Financial Centre Airport (DIFC) vistas, plush interiors Downtown Dubai. AL MAKTOUM Emirates Road –15 E311 mins | 14.1 km 1 mins | 0.1 km 1 mins | 0.1 km 8 mins | 2.8 km and lavish amenities. AIRPORT Source: Knight Frank Research/ REIDIN Note: *Based on asking rents Al Awir Road – E44 Dubai Bypass Road – E611 PAGE 1616PAGE PAGE 17 Dubai (under construction) Aviation City TO AL AIN Silicon Oasis

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B THE PALM JUMEIRA 1 Dubai Maritime City 1 Port Shiekh Zayed Road – E11 TO ABU DHABI Emirates Hills Community Guide 1 Rashid Burj Al Arab Dubai KEY M Marina 1 M M 1 Palm Monorail T T T Dubai Tram T T T T T M Dubai Metro Red Line T T T T M Dubai Metro Green line M Nakheel Station M M M M M Dubai Metro Route 2020 M M M Damac Metro Station M D M Emirates M M Emirates Golf Club The Views M M International M M M M M School Shiekh ZayedM Road – E11 M The Lakes M M M M M Meadows Moontgomeriee M Village Golf Club Dubai International M Centre 1 Academy M 1 M M 1 M Dubai M M 1 T T T T T T T T M T T T T M M Emirate M M M Burj M M M M D M M M M M M M British School M M M M M M M M M M M

M M M Techno M M M M

M M Jebel Ali M M

M M M M M Khalifa Towers M M Racecourse M M M M M M M M

M M Meadows M M M Park M Town Centre M

M M M Emirates Hills has established KEY FACTS M itself as one of Dubai's most MARKET STATISTICS Emirates Road – E311 private and elegant communities. M M M M The ultra-luxury villa community AVERAGE SALES PRICE AVERAGE RENTAL PRICE AVERAGE YIELDS M is set overlooking an 18-hole AED/SQ FT, YTD 2019 AED/SQ FT/YEAR, YTD 2019 SEP 2019 (GROSS) TO SHARJAH championship golf course TOTAL TOTAL VALUE OF M and comprises of ready-made M M villas and plots which allow for NUMBER SALES PROPERTY SOLD VILLA: AED 1,488 VILLA: AED 57 VILLAS: 3.2% residents to create their own (2019) (2019) architectural wonders. AED 730 MILLION E 31 KEY AMENITIES DUBAI M M M INTERNATIONAL MONTGOMERIE 17 LAKES OVER THREE ACCESS TO TWO MAJOR GOLF CLUB INTERNATIONAL SCHOOLS COMMUNITY MALLS M TRAVEL TIMES TO KEY LANDMARKS IN THE AREA HARBOUR M M

Dubai Nearest Dubai Dubai International International Shopping Mall Mall Financial Centre Airport (DIFC)

30 mins | 35.9 km 14 mins | 8.2 km 22 mins | 24.3 km 26 mins | 27.3 km

Source: Knight Frank Research/ REIDIN Note: *Based on asking rents AL MAKTOUM Emirates Road – E311 PAGE 18 PAGE 19

AIRPORT Al Ain Road – E66 Al Awir Road – E44 Dubai Bypass Road – E611 Dubai (under construction) Aviation City TO AL AIN Silicon Oasis

0 10KM TO HATTA

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Lebab Road – E77 N PALM JEBEL ALI

THE WORLD

B THE PALM JUMEIRA 1 Dubai Maritime City 1 Port Shiekh Zayed Road – E11 TO ABU DHABI Rashid Dubai 1 Burj Al Arab Marina M M M 1 T T T T T T T T T T T T M M M M M M M M M D M M M M M M M M M M Shiekh ZayedM Road – E11 M M M M M M M

M Emirate M Towers M M Burj M Khalifa Techno M C Creek Harbour Community Guide M M Park M M

M EMIRATES KEY M Airport T1 Station 1 Palm Monorail M M T Dubai Tram Al Jadaf Station Emirates Road – E311 M HILLS Dubai Metro Red Line Airport T3 Station M M M M M Dubai Metro Green line M TO SHARJAH M Dubai Metro Route 2020 Creek Station Emirates Station M M D M Dubai International

Dubai DUBAI HILLS Creek Tower M M

M 1

1

ESTATE 1

M M M M 1 T T T T T T T T T T T T M M M M M M M M M D M M M M M M M M M M M M M M M M M M M M M M M M M M M M M

M M M M M M M M M M

M M M

M M

M M M M

Dubai Creek Harbour is set to KEY FACTS MARKET STATISTICS host Dubai’s new icon, the , the final height is 2016: The year construction started. 2040: Master Plan Completion AL MAKTOUM Emirates Road – E311 yet to be revealed however the AVERAGE SALES PRICE tower is set to be taller than the AED/SQ FT, YTD 2019 Burj Khalifa. Dubai Creek Harbour, AIRPORT an ecologically responsible community, is situated on the Al Awir Road – E44 TOTAL APARTMENT: AED 1,600 banks of the Wildlife TOTAL VALUE OF PROPERTY SOLD Sanctuary where which is home to NUMBER SALES Dubai Bypass Road – E611 (2019) (2019) (under construction) Dubai's flamingos and Japanese Dubai cherry blossoms amongst other AED 4.3 natural flora and fauna. The real BILLION SELECTED UPCOMING PROJECTS Aviation estate in Dubai Creek Harbour 2,534 offers world class amenities set in a location which is one of the THE GRAND PALACE CREEK EDGE SURF City RESIDENCES cornerstones of Dubai's heritage. The Grande is a Set on the north edge Dubai Creek Harbour's TO AL AIN Silicon Oasis cutting-edge 62-storey Palace Residences of the Creek Island mid-rise cluster is TRAVEL TIMES TO KEY LANDMARKS waterfront tower offering offers five-star one, two, with jaw dropping views home to Surf the final one, two and three- three and four bedroom of Downtown Dubai, mid-rise cluster within bedroom apartments, branded residences. Creek Edge's two the west edge of the four-bedroom The development offers 30 and 20 floor towers Creek Beach. The Dubai Nearest Dubai Dubai International penthouses and resort style facilities and offer modern and development offers podium townhouses direct access to the new minimalist one to four desirable one to three International Shopping Mall Mall Financial Centre Airport TO HATT(DIFC)A with stunning views Palace Hotel at Dubai bedrooms apartments. bedroom apartments. 0 10KM 11 mins | 10.0 km 13 mins | 8.2 km 16 mins | 17.0 km 19 mins | 16.9 km across Dubai. Creek Harbour.

Source: Knight Frank Research/ REIDIN Note: *Based on asking rents

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Atlantis Aquaventure Station 1 Dubai Maritime City 1 Palm Mall Station Port Shiekh Zayed Road – E11 TO ABU DHABI 1 Ittihad Park Station Rashid

Burj Al Arab Dubai M Marina Gateway Station M M 1 T T T T T T T T T T T T M M M M M Dubai Hills Estate Community Guide M M M Ibn Battuta Nakheel DMCCCC M Station Harbour Station DAMAC Propertierope s D Emirates Towers Nakheel M & Tower Station M Burj Khalifa / Dubai Mall Station M Station M Station Dubai Internet Shiekh Zayed Road – E11 Station M City Station M M M M Sharaf DG Station M M M M M M Financial Centre M Mall of M Business Bay Station M The Emirates First Abu 1 Station Dhabi Bank Station 1 M 1 Burj Emirate M Station M M 1 Dubai Mall T T M T T T T T T T T T T M M Towers M M M M M M Khalifa M M D M M M M M M M M M M M M M M M M M M M M M M M M M M

M M M M M M M Techno M M M M M M M

M M M

M M

M M M M M M Park M M

M M Airport T1 Station M M Al Jadaf Station Emirates Road – E311 GEMS Wellingtonington AcademyAAcad Airport T3 Station M M GEMS Internattional School M M M TO SHARJAH City Hills Creek Station Golf Club KEY Emirates Station M M M 1 Palm Monorail KEYT Dubai Tram Dubai International M1 DubaiPalm Monorail Metro Red Line MT Dubai MetroTram Green line Dubai M Dubai Metro RouteRed Line 2020 Creek Tower M M Dubai Metro Green line Dubai Hills Estate uniquely M KEY FACTSM Dubai Metro Route 2020 MARKET STATISTICS M blends indoor and outdoor living. Luxury homes surround 2031: Master Plan Completion AVERAGE SALES PRICE AVERAGE RENTAL PRICEM an 18-hole championship golf AED/SQ FT, YTD 2019 AED/SQ FT/YEAR, YTD 2019 M M course. Often referred to as a city within a city, Dubai Hills Estate is well equipped with APARTMENT: AED 1,421 APARTMENT: AED 72 children’s play areas, schools, TOTAL VILLA: AED 1,201 VILLA: AED 52 TOTAL VALUE OF hospitals and shops - a true NUMBER SALES PROPERTY SOLD work, live, play location. (2019) (2019) AED 5.2 SELECTED UPCOMING PROJECTS BILLION GOLF PLACE HILLS VIEW CLUB VILLAS EXECUTIVE COLLECTIVE 2,391 RESIDENCES II 2.0 AL MAKTOUM These modern luxury Located by the 18- The Club Villas Emirates Road – E311 villas, available in hole championship are set in walking Executive Part of Dubai Hill's four to six bedrooms course, Club Villas at distance of Dubai Residences II offers co-living offering, AIRPORT and a range of high- Dubai Hills – available Hills Golf Club. Key a home and business the Collective 2.0 end finishes, offering in three and four- amenitiesAl Awir such Road as – E44licence in one offers one and two TRAVEL TIMES TO KEY LANDMARKS the perfect coupling bedrooms and in local hospitals and package. The one bedrooms and is of quality real estate five unique aesthetic schools are all within to three bedroom uniquely set within Dubai Bypass Road – E611 and elegant location styles – offer opulent close proximity. luxury apartments a collaborative and Dubai (under construction) with a 18-hole living and facilities The development are set in a chic social setting. Dubai Nearest Dubai Dubai International championship golf to boot. offers three and four urban environment Aviation International Shopping Mall Mall Financial Centre course on your bedroom villas in five with residents able to Airport (DIFC) doorstep. unique styles. benefit from all of the City 20 mins | 23.3 km 16 mins | 13.1 km 19 mins | 14.9 km 15 mins | 15.6 km benefits of DMCC. Source: Knight Frank Research/ REIDIN Note: *Based on asking rents TO AL AIN Silicon Oasis

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B THE PALM JUMEIRA 1 Dubai Maritime City 1 Port Shiekh Zayed Road – E11 TO ABU DHABI 1 Rashid Dubai Mohammed Bin Rashid Al Maktoum City - District One Community Guide Burj Al Arab Marina M M M 1 T T T T T T T T T T T T M

1 M M M M M M 1 M 1

M M M 1 T T T M T T T T T T T T T M M M M M M M M M D D M M M M M M M M M M M M M M M M M M M M M M M M M M M

M M M M M M M M M M M M M M M Shiekh Zayed Road – E11 M M M M M M M M M

M M M M M M M M M M M M Burj Khalifa / Dubai Mall Business Bay M Station Station M Emirates M Towers M M Burj M Techno C Khalifa M M M Park M MMohammed Bin Rashid M Al Maktoum City

M KEY M EMIRATES 1 Palm Monorail Airport T1 Station M KEYT Dubai TramM Al Jadaf Station Emirates Road – E311 M1 DubaiPalm Monorail Metro Red Line HILLS Airport T3 Station M M MT Dubai MetroTram Green line M M M M Dubai Metro RouteRed Line 2020 TO SHARJAH Creek Station M Dubai Metro Green line Mohammed Bin Rashid Al Emirates Station KEY FACTSM Dubai Metro Route 2020 M MARKET STATISTICS M D Maktoum City - District One is M

only minutes away from many of 2015: The year construction started. 2031: Master Plan Completion Dubai AVERAGE SALES PRICE International Dubai’s world-class attractions, AED/SQ FT, YTD 2019 landmarks and transport links. District One is next door to distinguished leisure facilities APARTMENT: AED 1,631 M DUBAI HILLS such as the Meydan Racecourse TOTAL M VILLA: AED 1,415 TOTAL VALUE OF and Grandstand, The Track, M NUMBER SALES PROPERTY SOLD ESTATE Meydan Golf, a 9-hole flood-lit golf (2019) (2019) M course, the 5-star luxury Meydan SELECTED UPCOMING PROJECTS M AED 1.1 M Hotel and soon to be developed, Meydan One Mall.District One’s BILLION MANSIONS VILLAS RESIDENCES truly unique locale and lifestyle 272 promises its residents a plethora Each of District One’s eighteen District One Villas come in three Situated in low and mid-rise of remarkable and distinct distinctly styled mansions distinct Contemporary, Modern towers that range from G+ 4 to G+ experiences. is meticulously designed to and Mediterranean styles 16 floors, District One Residences ensure affluent tranquil living that promise an unrivalled lifestyle is a , adorned TRAVEL TIMES TO KEY LANDMARKS in glorious surroundings. The of refined elegance while reflecting with a glistening Crystal Lagoon villa’s come in 3 architectural your individual taste. From the and plush greenery. Right from Styles – Contemporary, vast captivating architecture, right spacious dwellings marked by AL MAKTOUM Mediterranean and Modern down to the minute finer details, aesthetic minimalism and smart Arabic. Extravagance is these homes create the perfect functionality, the water-front Emirates Road – E311 Dubai Nearest Dubai Dubai International simply a way of life in these ambience for distinctly lavish living, apartments are bathed in natural International Shopping Mall Mall Financial Centre AIRPORT magnificent homes. every single day. light and imbue the charm of Airport (DIFC) Al Awir Road – E44 high-end, tranquil living. 15 mins | 17.4 km 15 mins | 13.5 km 12 mins | 7.0 km 10 mins | 9.5 km

Dubai Bypass Road – E611 Source: Knight Frank Research/ REIDIN Note: *Based on asking rents Dubai (under construction) TO AL AIN Aviation PAGE 2424PAGE PAGE 25 City

Academic City

0 10KM TO HATTA

TO RAS AL KHAYMAH

Lebab Road – E77 Our Team

The Dubai Network In addition to our offices in Dubai, Abu Dhabi, and Riyadh, the Knight Frank Middle East team works closely with our global network including our Asia Pacific, Europe, and Africa offices as well as the US based Douglas Elliman Fine Homes.

UAE MARIA MORRIS YASIN VALIMULLA Partner, Head of Residential Associate Partner Knight Frank Middle East Prime Residential Sales +971 56 4542 983 +971 50 5054 135 [email protected] [email protected]

MATTHEW COOKE TAIMUR KHAN Partner Associate Partner MENA Project Marketing Development Consultancy & Research +971 50 6138 350 +971 56 4202 312 [email protected] [email protected]

ANNE OGILVIE THOMAS FARMER Associate Partner Associate Partner Prime Residential Sales Head of Middle East +971 50 5518 705 Marketing and Communications [email protected] +971 56 4204 312 [email protected] Important Notice: © Knight Frank LLP 2020. This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank LLP to the form and content within which it appears. Knight Frank UAE Limited – Dubai: Prime Star International Real Estate Brokers (PSIREB RERA ORN: 11964 trading as Knight Frank with registration number 653414. Our registered office is: 5th Floor, Building 2, Emaar Business Park, PO Box 487207, Dubai, UAE.

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