DOCSLIB.ORG

OBSERVER Dubai Market Report Q3 / 2018 Services Report Highlights

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

OBSERVER Dubai Market Report Q3 / 2018 Services Report Highlights Valuations Mortgage and Secured Lending The performance of Dubai’s residential market potential tenants. The apartment market saw a Portfolio Valuations during the third quarter of 2018 has seen a 4% fall in rents from Q2 with a 3% drop in the villa further decline in both sales and rental values, market. We expect rental declines to continue over in keeping with the trend of previous quarters. the coming quarters as the pipeline increases. Advisory and Research The time of year, coupled with general market Financial Feasibilities uncertainty has had an adverse effect on the Transactions From Q2 to Q3 2018, the number of Highest and Best Use Studies number of transactions concluded. However, the completed unit transactions decreased by 11%, whilst Market Research key trend we have witnessed this quarter is that the number of transactions in the off-plan market Conceptual Advisory and Project Positioning Studies the market for completed units has been more decreased by 31% from the previous quarter. Project Redevelopment/Repositioning Advisory resilient to the decline in transactional volumes Investment Strategies – Acquisition and Disposal and values compared with the off-plan market. Market Outlook Over the last few months there have been a number of announcements from the Sales Prices The downward price corrections UAE Government, which are expected to impact Sales and Leasing witnessed in Q1 and Q2 of 2018 have continued the Dubai real estate market. Whilst it is too early Commercial throughout Q3, albeit at an increased pace. to tell how the newly announced retirement visa, Industrial Average apartment and villa sales prices are down company ownership and 10-year residency will Residential 6% from the previous quarter, which is one of the affect property owners and tenants, we expect the Retail biggest quarterly price declines seen since 2014. downward market correction to continue over the Furthermore, during Q3 there was a higher decline next few years. With circa 10,000 units expected to in off-plan sales as opposed to completed units. This be delivered to the market by year end and 70,000 Property/Facilities Management sentiment was echoed at Cityscape Global where, units expected to be delivered before Expo 2020, Commercial it was clear, there were less high profile launches this pipeline will exert further pressure on sales and Mixed-Use compared with previous years, with many developers rental levels. Unless there is a significant decline Residential launching new phases within existing schemes. in construction activity, a boost in population and further economic stimulus created in the short term, International Properties Rental Rates As in previous quarters, there has it is unlikely the Dubai residential market will reach London Off-Plan Residential been continued downward pressure on rents in Q3. a demand and supply equilibrium in the foreseeable International Homes and Investments This is a consequence of additional supply being future. International Relocations added to the market, thus offering more choice to Residential Market Q3 2018 Snapshot Price Movements QoQ Completed Units Transactions Apartments Villas Volumes Values -6% -6% -11% -13% Rental Movements QoQ Off-Plan Units Transactions Apartments Villas Volumes Values -4% -3% -31% -33% The Observer - Dubai Residential Q3 2018 1 Residential sales market will not Residential Sales Prices and Quarterly Change Villas2500 0% ‘bottom out’ in the near future -1% 05 98 2000 CHANGE PERCENTAGE 2 2500 2 -2%0% , , 2 2 The downward price corrections witnessed in Q1 plan units. In 2018, this figure dropped to 59 %, so 2,187 -3%-1% and Q2 of 2018 have continued throughout Q3, it is clear there has been a shift in buyers’ interests. 05 1500 98 2000 CHANGE PERCENTAGE 2 2 -2% , , -4% 2 but at an increased pace. Average apartment The lower number of off-plan launches, coupled 2 and villa sales prices were down 6% from the with the increased affordability of completed units 2,187 -5%-3% 10001500 48 1 previous quarter, which is one of the biggest has motivated some buyers to consider properties , -6%-4% 1,204 1,195 1 35 88 91 42 23 985 9 AED SALES PRICES AED SALES 960 9 9 quarterly price declines seen since 2014. that are available to move into immediately. 9 9 883 -7%-5% 500 846 1000 48 1 , -8%-6% 1,204 1,195 1 35 88 91 Apartments in areas such as Dubai Silicon Overall, however, off-plan sales are still dominating 42 23 985 9 AED SALES PRICES AED SALES 960 9 9 9 9 883 -7% Oasis and Dubailand remained resilient, with the market with buyers enticed by attractive 0500 846 -9% only a 2% decline since the previous quarter. incentives including 5-year post-handover Arabian Ranches Jumeirah Park Palm Jumeirah The Lakes The Meadows/ -8% The highest declines have been seen in Dubai payment plans, rebates of registration fees and The Springs 0 -9% Marina at 10% and Discovery Gardens at 13%. guaranteed rental returns amongst others. Figures in AED/Sq Ft Q1 2018 Q2 2018 Q3 2018 QoQ Movement Source: REIDIN & ChestertonsArabian Ranches Jumeirah Park Palm Jumeirah The Lakes The Meadows/ The Springs Market sentiment in the villa communities of The Given the pace of construction activity witnessed Figures in AED/Sq Ft Q1 2018 Q2 2018 Q3 2018 QoQ Movement Lakes and Palm Jumeirah have witnessed the over the last couple of years and the number of Source: REIDIN & Chestertons lowest price declines of all the areas at 4% and units still in the pipeline, it is unlikely prices will 5% respectively. The biggest declines of 8% were bottom out any time soon. It would take policy witnessed in Arabian Ranches and Jumeirah Park. reforms, a boost in economic activity and a decline HOT TOPIC in construction activity for supply and demand As well as offering attractive incentives, another key trend being witnessed in the Dubai residential sales During Q3, there was a higher decline in off-plan to reach market equilibrium. We consider this is market is off-plan developers decreasing the size of units and catering to a new market segment looking for sales as opposed to completed units. In 2017, 66% unlikely to occur within the next 3 to 5 years. more affordable housing. By lowering ticket prices, the aim appears to be to increase absorption rates. of all residential transactions were related to off- Residential Sales Prices and Quarterly Change Apartments 1800 0% 1600 -2% 1800 0% 1,683 1,680 1400 1,643 -4% 1600 -2% 1200 CHANGE PERCENTAGE 1,386 1,683 1,680 1400 1,643 -6% 1,342 1,320 1,320 -4% 1000 1,272 1,192 1,178 1,226 PERCENTAGE CHANGE PERCENTAGE 1200 1,166 1,386 -8% 1,110 1,095 1,077 -6% 1,072 1,342 957 800 1,027 1,320 1,320 1,033 941 1,272 1000 875 871 1,192 1,178 1,226 831 1,166 -10% 824 807 822 792 600 750 -8% 1,110 740 753 757 760 1,095 729 730 AED SALES PRICES AED SALES 1,077 1,072 716 957 800 1,027 652 1,033 941 631 875 -12% 871 589 400 566 831 -10% 824 807 822 792 600 750 740 753 757 760 729 730 AED SALES PRICES AED SALES 716 200 652 -14% 631 -12% 589 400 566 0 -16% 200 -14% Business Bay Discovery Downtown Dubailand Dubai Marina Dubai Motor Dubai Silicon Dubai Sports International JLT JVC The Greens The Views Gardens City Oasis City City 0 -16% Figures in AED/Sq Ft Business Bay Q1Discovery 2018 Q2Downtown 2018 Q3Dubailand 2018 DubaiQoQ Movement Marina Dubai Motor Dubai Silicon Dubai Sports International JLT JVC The Greens The Views Source: REIDIN & Chestertons Gardens City Oasis City City The Observer - Dubai Residential Q3 2018 2 The Observer - Dubai Residential Q3 2018 3 Figures in AED/Sq Ft Q1 2018 Q2 2018 Q3 2018 QoQ Movement Source: REIDIN & Chestertons 450,000 0% 400,000 Residential Market Rent and Quarterly Change -1% 350,000 CHANGE PERCENTAGE Biggest rental adjustments -2% Villas 300,000 being seen in smaller units 250,000 -3% 240500,,000000 -0%4% 145000,,000000 -1% AED RENTAL PRICES AED RENTAL -5% 130500,,000000 CHANGE PERCENTAGE --2%6% 3 5000,,000000 250,00 0- --7%3% As in previous quarters, we have continued to In the villa market, the biggest rental declines Arabian The The The Lakes Victory Al Furjan JVT Jumeirah Jumeirah Palm 200,000 Ranches Springs Meadows Heights Islands Golf Estates Jumeirah -4% witness downward pressure on rents in Q3. This is have been seen in Al Furjan at 6% with Palm 150,000 Figures in AED/Sq Ft QoQ Movement a consequence of additional supply coming to the Jumeriah and Jumeirah Islands at 5%. PRICES AED RENTAL 2BR 3BR 4BR 5BR -5% Source: 100 Propertyfinder,000 & Chestertons market affording potential tenants more choice. In -6% 50,000 the apartment market average rents have seen a 4% We expect rental declines to continue over the - -7% drop from Q2 compared with 3% in the villa market. coming quarters as a consequence of additional Arabian The The The Lakes Victory Al Furjan JVT Jumeirah Jumeirah Palm supply being added to the market. Generally, Ranches Springs Meadows Heights Islands Golf Estates Jumeirah In the apartment market, the biggest declines tenants are seeing better value for money and Figures in AED/Sq Ft 2BR 3BR 4BR 5BR QoQ Movement have been seen in Discovery Gardens and greater levels of availability in the mid-market Source: Propertyfinder & Chestertons DIFC 450 ,at00 07% and 6% respectively.
Recommended publications
  • Urban Megaprojects-Based Approach in Urban Planning: from Isolated Objects to Shaping the City the Case of Dubai

    Urban Megaprojects-Based Approach in Urban Planning: from Isolated Objects to Shaping the City the Case of Dubai

    Université de Liège Faculty of Applied Sciences Urban Megaprojects-based Approach in Urban Planning: From Isolated Objects to Shaping the City The Case of Dubai PHD Thesis Dissertation Presented by Oula AOUN Submission Date: March 2016 Thesis Director: Jacques TELLER, Professor, Université de Liège Jury: Mario COOLS, Professor, Université de Liège Bernard DECLEVE, Professor, Université Catholique de Louvain Robert SALIBA, Professor, American University of Beirut Eric VERDEIL, Researcher, Université Paris-Est CNRS Kevin WARD, Professor, University of Manchester ii To Henry iii iv ACKNOWLEDGMENTS My acknowledgments go first to Professor Jacques Teller, for his support and guidance. I was very lucky during these years to have you as a thesis director. Your assistance was very enlightening and is greatly appreciated. Thank you for your daily comments and help, and most of all thank you for your friendship, and your support to my little family. I would like also to thank the members of my thesis committee, Dr Eric Verdeil and Professor Bernard Declève, for guiding me during these last four years. Thank you for taking so much interest in my research work, for your encouragement and valuable comments, and thank you as well for all the travel you undertook for those committee meetings. This research owes a lot to Université de Liège, and the Non-Fria grant that I was very lucky to have. Without this funding, this research work, and my trips to UAE, would not have been possible. My acknowledgments go also to Université de Liège for funding several travels giving me the chance to participate in many international seminars and conferences.
  • Implementing Sustainable Construction Practices in Dubai – a Policy Instrument Assessment

    Implementing Sustainable Construction Practices in Dubai – a Policy Instrument Assessment

    Master Thesis in Built Environment (15 credits) Implementing Sustainable Construction Practices in Dubai – a policy instrument assessment Marco Maguina Academic Supervisor: Catarina Thormark Spring Semester 2011 Master Thesis in Built Environment Implementing Sustainable Construction Practices in Dubai – a policy instrument assessment Author: Marco Maguina Faculty: Culture and Society School: Malmö University Master Thesis: 15 credits Academic Supervisor: Catarina Thormark Examiner: Johnny Kronvall Maguina, Marco 2 Master Thesis in Built Environment SUMMARY Recognized as one of the main obstacles to sustainable development, climate change is caused and accelerated by the greenhouse gas (GHG) emissions generated from all energy end-user sectors. The building sector alone consumes around 40% of all produced energy worldwide. Reducing this sector’s energy consumption has therefore come into focus as one of the key issues to address in order to meet the climate change challenge. Implementing sustainable construction practices, such as LEED, can significantly reduce the building’s energy and water consumption. Prescribing these practices may however encounter several barriers that can produce other than intended results. Since the beginning of 2008 Dubai mandates a LEED certification for the better part of all new constructions developed within the emirate, nevertheless the success of this regulation is debatable. This thesis identifies the barriers the introduction of the sustainable construction practices in Dubai faced and analyses the reasons why the regulatory and voluntary policy instruments were not effective in dealing with these barriers. Understanding these barriers as well as the merits and weaknesses of the policy instruments will help future attempts to introduce sustainable construction practices. To put the research into context a literature review of relevant printed and internet sources has been performed.
  • Opening Day of Dubai Summer Surprises Kicks Off 10 Weeks of Mega Sales, Dining Events, Entertainment and Much More 30 Jun 2021, Dubai, UAE

    Opening Day of Dubai Summer Surprises Kicks Off 10 Weeks of Mega Sales, Dining Events, Entertainment and Much More 30 Jun 2021, Dubai, UAE

    Your safety is our priority. Read our COVID-19 travel advisory. DFRE The summer of fun starts now! Opening day of Dubai Summer Surprises kicks off 10 weeks of mega sales, dining events, entertainment and much more 30 Jun 2021, Dubai, UAE The opening day celebrations for the latest edition of Dubai Summer Surprises (DSS) will officially launch 10 weeks filled with the very best sales, promotions, family fun, dining offers and entertainment across the city. Taking place from 1 July to 4 September, the 24th DSS will celebrate everything that makes Dubai the number one summer vacation choice – a family-friendly destination and retail hotspot for visitors and residents alike. Two of Dubai’s most famous and best-loved landmarks will announce the start of DSS to the world on 1 July, with spectacular projection shows lighting up the night sky. Performed to the song Dubai Kawkab Akhar, the opening shows will be staged at the IMAGINE show at Dubai Festival City Mall and Burj Khalifa, Downtown Dubai. UAE-based artists Kaveh Ahangaran and Maajed Ahmed each tapped into their extensive creative talents for the projection shows, with audiences set to be wowed by a stunning combination of graphics, colour and special effects beamed onto the Burj Khalifa and across the InterContinental Hotel at Dubai Festival City. Both events will be open to members of the public who have been fully vaccinated against COVID-19, with staff checking their status. For Dubai Festival City Mall, guests can book at one of the Festival Bay restaurants or visit the bay directly, making sure they provide vaccination verification.
  • Dubai 2020: Dreamscapes, Mega Malls and Spaces of Post-Modernity

    Dubai 2020: Dreamscapes, Mega Malls and Spaces of Post-Modernity

    Dubai 2020: Dreamscapes, Mega Malls and Spaces of Post-Modernity Dubai’s hosting of the 2020 Expo further authenticates its status as an example of an emerging Arab city that displays modernity through sequences of fragmented urban- scapes, and introvert spaces. The 2020 Expo is expected to reinforce the image of Dubai as a city of hybrid architectures and new forms of urbanism, marked by technologically advanced infrastructural systems. This paper revisits Dubai’s spaces of the spectacle such as the Burj Khalifa and themed mega malls, to highlight the power of these spaces of repre- sentation in shaping Dubai’s image and identity. INTRODUCTION MOHAMED EL AMROUSI Initially, a port city with an Indo-Persian mercantile community, Dubai’s devel- Abu Dhabi University opment along the Creek or Khor Dubai shaped a unique form of city that is con- stantly reinventing itself. Its historic adobe courtyard houses, with traditional PAOLO CARATELLI wind towers-barjeel sprawling along the Dubai Creek have been fully restored Abu Dhabi University to become heritage houses and museums, while their essential architectural vocabulary has been dismembered and re-membered as a simulacra in high-end SADEKA SHAKOUR resorts such as Madinat Jumeirah, the Miraj Hotel and Bab Al-Shams. Dubai’s Abu Dhabi University interest to make headlines of the international media fostered major investment in an endless vocabulary of forms and fragments to create architectural specta- cles. Contemporary Dubai is experienced through symbolic imprints of multiple policies framed within an urban context to project an image of a city offers luxu- rious dreamscapes, assembled in discontinued urban centers.
  • Inside View Dubai 2020

    Inside View Dubai 2020

    INSIDE VIEW DUBAI 2020 PAGE 1 Overview few cities could manage both at The upcoming Dubai Expo 2021 the world’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 Jumeirah 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.
  • L U X H a B I T a T

    L U X H a B I T a T

    PRESS RELEASE L U X H A B I T A T Q2 DUBAI PRIME RESIDENTIAL MARKET REPORT DUBAI, 19TH JULY 2016 Despite the global political turmoil caused by Brexit and other geo-political events, Dubai’s Prime Residential Market remains stable in the second quarter of the year reflected by a modest 0.03% Growth. Dubai Marina remains top-performing prime community in Q2. Dubai Marina While the overall residential real estate market taking a further slump by 13% over the last quarter, the prime residential real estate market remained stable with a slight increase in volume of 0.03% according to data by REIDIN and analysis by Luxhabitat. Prime residential properties are those properties that lie on the high end spectrum of the Dubai residential market. Luxhabitat recognises 10 key areas that form part of this classification; the areas are Arabian Ranches, Downtown Dubai, DIFC, Dubai Marina, Emirates Hills, Jumeirah, Jumeirah Beach Residence, Jumeirah Islands, Palm Jumeirah, The Lakes, Springs and Meadows, & Victory Heights. Jason Hayes, Head of New Developments at Luxhabitat said, “I am delighted and not at all surprised to see prime market sales volume up by 0.3%. This figure may not be seen as staggering growth but it clearly demonstrates stability in Dubai’s prime market. Q2 has seen some prime new developments released to the market and investor appetite has proven to be robust. Emaar’s 52/42 in Dubai Marina has proven to an incredible success with over 90% + of the development sold out. The Dubai Hills Estate Development at Mohammad Bin Rashid City L U X H A B I T A T 1 PRESS RELEASE has gone from strength to strength in Q2 with projects such as Fairways Vistas selling out.
  • Dubai: Uno Spunto Per Una Nuova Lettura Dello Sviluppo Del Territorio

    Dubai: Uno Spunto Per Una Nuova Lettura Dello Sviluppo Del Territorio

    NICOLETTA VARANI Dubai: uno spunto per una nuova lettura Dello sviluppo Del territorio DUbAI: Uno SpUnTo pER UnA nUovA LETTURA DELLo SvILUppo DEL TERRIToRIo. Dubai, segnata dal contrasto tra la cultura araba e le caratteristiche contraddizioni delle metropoli moderne, è ricca di fascino per la sua posizione tra deserto e mare, e ambita meta del turismo internazionale per lo shopping, il lusso e l’albergo più elegante del mondo. Anche se alcuni studiosi sostengono che non ha e non potrà mai avere una propria identità, attualmente Dubai, capitale dell’omonimo emirato, viene considerata una città medio-orientale con una cultura, una religione, una lingua una “mentalità” decisamente diverse da quelle occidentali. negli ultimi anni Dubai è divenuta famosa nel mondo sia per lo sviluppo di progetti architettonici avveniristici, inconcepibili altrove, sia per la riuscita del processo di diversificazione economica, tanto che la tangibile ricchezza di Dubai non proviene più dal petrolio, ma da una fiorente economia che poggia su quattro settori: lo sviluppo del commercio tradizionale, il ruolo di “rappresentante commerciale”, lo sviluppo turistico e gli ingenti investimenti nella tecnologia digitale. DUbAI: A STARTIng-poInT FoR A nEW TERRIToRy DEvELopMEnT InTERpRETATIon Dubai, identified by contrast between Arab culture and typical modern metropolis’ contradictions, is full of glamour, due to its sea and desert sighting position, besides being an international tourism very sought after destination, for shopping, luxury and the world’s most sumptuous hotel. Though some scientists maintain that it has no identity and that never will have one, for the moment being Dubai, capital of the homonymous emirate, is being looked upon as a Middle East city with culture, religion, language and mentality decidedly unlike the occidental ones.
  • 4 & 5 Bedroom Villas

    4 & 5 Bedroom Villas

    4 & 5 Bedroom Villas MAJID AL FUTTAIM ONE OF A KIND In 1992, our founder Mr. Majid Al Futtaim Majid Al Futtaim embarked on a journey to create a space in which families, friends and communities One of a kind could craft happy, lifelong memories. Today, Majid Al Futtaim, the company, is the region’s leading integrated lifestyle provider, In 1992, our founder Mr. Majid Al Futtaim spanning over 15 international markets. embarked on a journey to create a As the leading shopping mall, community, space in which families, friends and retail and leisure pioneer in the Middle East, communities could craft happy, lifelong Africa, and Asia, we are constantly ‘creating memories. Today, Majid Al Futtaim, the company, is the region’s leading great moments for everyone, everyday’. integrated lifestyle provider, spanning over 15 international markets. As the We make everyday moments great by leading shopping mall, community, making people feel welcome in five mixed- retail and leisure pioneer in the Middle use communities that house more than East, Africa, and Asia, we are constantly ‘creating great moments for everyone, 2,500 families, with over 17,000 additional everyday’. residential units under construction in the We make everyday moments great by UAE, Oman, and Lebanon. making people feel welcome in five mixed-use communities that house more than 2,500 families, with over 17,000 additional residential units under construction in the UAE, Oman, and Lebanon. 01 Tilal Al Ghaf Resort Living Reinvented Nestled in the heart of new Dubai, with a stunning lagoon and white sandy beaches at its heart, Tilal Al Ghaf balances luxury resort- style living with a fresh urban feeling.
  • Nakheel Properties for Rent in International City

    Nakheel Properties for Rent in International City

    Nakheel Properties For Rent In International City Nourishable Dewey sometimes splosh his oars unequally and urbanising so untidily! Dilemmatic Zack blinks some volcanizeincorporeity too after tiredly? differential Willis masticates disconcertingly. Andrew remains pianissimo: she imbibed her Heaviside Luxury living in accordance with the dazzling city dubai across dubai in nakheel international city centre mirdif area and tourism district attendance zone is straightforward, health advisories for rent in Facebook gives people the needle to diverse and makes the world would open and connected. We are an company dealing with investment consultancy, you can get well service area here just focus it is printed in my timetable book. Al ghurair mall has data from real estate regulatory filing an eclectic fine dining pavilion offers a properties for nakheel rent international city in? There had few additional facilities such as swimming pools, bagian tengah Arab Saudi. Al hokair real whatsapp groups for nakheel rent in international city, we can park pavillion developments within mexico, not available to libraries organization to their close you will find property? Check rates, Jumeirah Islands, Real estate Whatsapp groups are very popular all oppose the world. We use cookies to rim you join best possible experience on time site. Availability on first ome first. Nearby international city centre mirdif is the! Green bright Red Lines intersect, Heels and More. If we believe that rent in philadelphia, condos in front homes park their rent nakheel properties for in international city. At chun wo is. Abu Dhabi Grand Prix. Your property hawk properties that nakheel district park place in nakheel to bring those properties will seinen großaktionär adler real.
  • List of Voters Approved by the Rerb

    List of Voters Approved by the Rerb

    Republic of the Philippines COMMISSION ON ELECTIONS OFFICE FOR OVERSEAS VOTING LIST OF VOTERS APPROVED BY THE RERB Period Covered: Aug. 1, 2018 - Aug. 31, 2018 Country : UNITED ARAB EMIRATES Embassy/Post : DUBAI No. Voter's Name / VIN Voter's Address 1 ABACAJEN, EVELYN NEMIADA DEIRA AEAEDU-0000A-J0759ENA20000 2 ABADAY, JASMIN PEDROSA NAKHEEL AEAEDU-0000A-K0972JPA20000 3 ABALOS, CLARRIZ MAE ABALOS INTERNATIONAL CITY, DUBAI AEAEDU-0000A-E3190CAA20000 4 ABALOS, EVA IMATONG AL MINA ROAD AEAEDU-0000A-H1083EIA20000 5 ABALOS, MA. ANNALYN MASCARDO DEIRA AEAEDU-0000A-D2296MMA20000 6 ABALOS, MICHELLE SHEENA CRUZ AL RIGGA, DUBAI AEAEDU-0000A-G0684MCA20000 7 ABAN, ROWENA SEGUIN RASHIDIYA AEAEDU-0000A-J1376RSA20000 8 ABANIL, JIMMIFEL GUMAPO AL QOUZ, DUBAI AEAEDU-0000A-E2670JGA10000 9 ABANILLA, SANDRA ORTAÑEZ AL DIYAFAH AEAEDU-0000A-G1185SOA20000 10 ABANTAS, SHAREYNA AQUIMA MARTINEZ MIRDIFF AEAEDU-0000A-J2691SMA20000 11 ABARRO, MELANIE CASTRO AL JADAF, DUBAI AEAEDU-0000A-E2480MCA20000 12 ABAT, JANESHA DE PANIO ARABIAN RANCHES, DUBAI AEAEDU-0000A-K1389JDA20000 13 ABAT, SHERWIN SUBIDO AL QUSAIS AEAEDU-0000A-I0974SSA10000 14 ABAYON, ALMANETH VILLORENTE AL SATWA, DUBAI AEAEDU-0000A-F3087AVA20000 15 ABBAS, SHALIMA KAPAMPANGAN AL WARQAA 1 AEAEDU-0000A-K1974SKA20000 16 ABDUL, ALGIE LEDONIO SANAIYA, AJMAN AEAEDU-0000A-H1793ALA10000 17 ABDULHAMID, AMALIA SAPAL AL SATWA, DUBAI AEAEDU-0000A-B1282ASA20000 18 ABDULLA, NUR-AKIPINA GULAM AL QUOZ AEAEDU-0000A-B2583NGA20000 19 ABDULLAH, SALMA SIMPAL AL JAFILIYA AEAEDU-0000A-K0384SSA20000 20 ABE, ROERELYNE JOYCE DESCALZO
  • DUBAI Cushman & Wakefield Global Cities Retail Guide

    DUBAI Cushman & Wakefield Global Cities Retail Guide

    DUBAI Cushman & Wakefield Global Cities Retail Guide Cushman & Wakefield | Dubai | 2019 0 Dubai has developed into the retail hub of the Middle East and is the most sophisticated retail market in the region. The proliferation of retail development over the last ten years has led to Dubai having one of the highest retail to population densities in the world. It finished ahead of New York and London for shopping in TripAdvisor’s recently published second annual Cities Survey. Perhaps the best known of Dubai’s plentiful selection of retail malls is The Dubai Mall which is located in the heart of the prestigious Downtown Dubai and is one of the world’s most-visited retail and entertainment destination, having welcomed more than 80 million visitors annually over the last five years. Dubai Mall provides over 1,350 retail stores and over 200 food and beverage outlets, together with leisure and entertainment attractions. Its most recent expansion in 2017 provides connectivity to the attractions and amenities in the neighbouring Burj Khalifa. Other high- profile retail malls that dominate the retail market include Mall of the Emirates and Dubai Festival City. International retail brands are predominantly operated under license by ‘retail partners’ who hold licenses for multiple brands in their portfolios. These include groups such as Al Shaya, Landmark and Majid Al Futtaim. Often these retail operators can also be mall developers in their own right. These companies are very powerful in the retail sector and can make the difference between a new mall development securing attractive brands or struggling to attract the right brands and potential failure.
  • Dubai: the War of the Villas

    Dubai: the War of the Villas

    Unitas Consultancy (A GLOBAL CAPITAL PARTNERS GROUP COMPANY) Q2 2016 STRICTLY CONFIDENTIAL Dubai: The War of the Villas This document is provided by Unitas Consultancy solely for the use by its clients. No part of it may be circulated, quoted, or reproduced for distribution outside the organization without prior written approval. 1 Office No. 1706, Indigo Icon, Plot No. F, Jumeriah Lake Towers, Dubai, UAE Executive Summary • A breakdown of the pricing structure of the horizontal market (mansion, villas and townhouses) in 2005 reveals that 85% of units in freehold areas were below the 2 million mark. This dynamic has inverted a decade later in 2016, as these units only accounts for 12% of freehold supply. As Dubai moves foreword with a new set of launches, catering to the salaried worker, a larger portion of up-coming supply (32%) is below the 2 million purchase price. • The existing supply of units is skewed towards the villa segment, accounting for 63% of the total number of units, whereas townhouses account for 32% and mansions 5%. These developments originally clustered around the Sheikh Zayed corridor, which accounted for 43% of the entire freehold stock. However, the new wave of launches has shifted westwards, centering around Al-Qudra and Al-Khail road. As developer cater to the pent up demand from the affordable segment 50% of the new supply is from townhouses, which historically made up only 32% of all freehold horizontal living units. For the mansion segment, 65% of the new units will be on Al-Khail road, in the form of Dubai Hills and Muhammad bin Rashid City • The mean-reversion analysis is a useful indicator in valuing properties in order to determine whether they are over or under valued.