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Dubai Review 2020 – 2021 Outlook
Dubai Review Outlook www.valustrat.com ValuStrat Price Index – VPI Dubai Residential Base: January 2014=100 ValuStrat Price Index – VPI Dubai Office Base: January 2015=100 All prices are quoted in UAE Dirhams unless otherwise stated Sales and Rent performance are measured on a quarterly basis while hotel performance are on yearly basis 2020 Review FIRST QUARTER REVIEW 2020 VPI Residential VPI Residential VPI Office Capital Values Rental Values Capital Values 73.3 69.6 63.1 -10.1% -8.9% -14.7% Y-o-Y Y-o-Y Y-o-Y Residential Ready Residential Ready Ticket Size Sales Volume 1.71m 3,491 AED Transactions 0.6% -0.3% Q-o-Q Q-o-Q Residential Off-Plan Residential Off-Plan Ticket Size Sales Volume 1.45m 5,224 AED Transactions -8.6% -26.3% Q-o-Q Q-o-Q Office Sales Office Sales Office Ticket Size Volume Rent 0.92m 269 863 per sq m AED Transactions AED -17.9% 11.2% -5.2% Q-o-Q Q-o-Q Q-o-Q Jan COVID - 19 PANDEMIC • The VPI – residential capital values for Dubai as of March 2020 stood at 73.3 points, dipping 0.9% since February, -10% annually. 1W • First confirmed case in the UAE recorded on 29th January • The Dubai VPI for residential rental values during Q1 2020 stood at 69.6 points, • Suspension of all flights except cargo, halting operation of major public mass declining 1.7% quarterly and 8.9% annually. On an annual basis, apartment and transport (Dubai Metro and Tram) villa asking rents fell 9.4% and 8% respectively • Countrywide curfew and disinfection drive started • VPI for Dubai’s office capital values stood at 63.1 points, suggesting that -
Prospects for the Dubai Real Estate and Hospitality Sectors July 2020
Post-pandemic plans for concrete recovery Prospects for the Dubai real estate and hospitality sectors July 2020 FOREWORD The Covid-19 pandemic is proving Based on KPMG’s experience in the real estate and hospitality sectors, and conversations with an enormous challenge for our stakeholders, we have analyzed the current societies and healthcare systems; the situation. As a product of our research, this consequences for the global document seeks to offer insight into the challenges faced within the residential, office and local economies are both and mall segments of the real estate market, unprecedented and unpredictable. as well as the hospitality industry. Many economists are convinced we are heading We would like to thank those who provided for a significant economic downturn and remain invaluable insight, while rising to the challenges unsure as to how long a recovery will take. we are all currently experiencing. However, responses from governments and regulatory bodies have been prompt. In the Please feel free to contact us with UAE, at the federal and emirate levels, a variety any comments or queries. of measures have been taken to support the economy and its citizens. Sidharth Mehta Partner Head of Building, Construction and Real Estate KPMG Lower Gulf Limited E [email protected] CONTENTS Residential Page 06 Office space Page 09 Hospitality sector Conclusions Executive summary Regional outlook Real estate sector Page 14 Page 01 Page 02 Page 05 Page 18 Shopping malls Page 11 About KPMG Page 20 Real estate and hospitality services Page 20 References Page 21 — A significant reduction in personal and — How deeply the sector is affected will largely business travel is impacting the sector with depend on travel restrictions and traveler HIGHER occupancy and revenue per available room sentiment. -
Pbfixedincomedailyjan1716.Pdf
mashreq Fixed Income Trading Daily Market Update Sunday, January 17, 2015 Quote of the Day "Wealth consists not in having great possessions, but in having few wants." (Epictetus) Market Update Iran sanctions lifted after IAEA confirms compliance with the nuclear deal, US firms set to miss out as US sanctions remain International sanctions on Iran have been lifted after IAEA, the UN nuclear watchdog confirmed the country had complied with a deal designed to prevent it developing nuclear weapons. The International Atomic Energy Agency concluded that the Islamic Republic had curbed its ability to develop an atomic weapon as required under an accord with world powers. The US and five other nations agreed in July’s accord to lift sanctions on Iran “simultaneously with the IAEA-verified implementation” of the deal. “Iran has undertaken significant steps that many people doubted would ever come to pass,” clearing the way for sanctions to end, US Secretary of State John Kerry said in Vienna late on Saturday after Iran’s compliance with the agreement was certified. Still, he said the accord “doesn’t wipe away all of the concerns” of the international community, and “verification remains, as it always has been, the backbone of this agreement." The EU foreign policy chief, Federica Mogherini, said the deal would contribute to improved regional and international peace and security. “Relations between Iran and the IAEA now enter a new phase. It is an important day for the international community,” Yukiya Amano, director general of the agency, said in a statement. “This paves the way for the IAEA to begin verifying and monitoring Iran’s nuclear-related commitments.” Ahead of the announcement Iran freed four Iranian-Americans as part of a prisoner exchange with the US that had been negotiated in secret for more than a year. -
Dubai [Metro]Polis: Infrastructural Landscapes and Urban Utopia
Dubai [Metro]polis: Infrastructural Landscapes and Urban Utopia When Dubai Metro was launched in 2009, it became a new catalyst for urban change but also a modern tool to interact with the city - providing a visual experience and an unprecedented perception of moving in space and time, almost at the edge between the imaginary and the real. By drawing on the traditional association between train, perception and the city we argue that the design and planning of Dubai Metro is intended as a signifier of modernity for the Gulf region, with its futuristic designs and in the context of the local socio-cultural associations. NADIA MOUNAJJED INTRODUCTION Abu Dhabi University For the last four decades, Dubai epitomized a model for post-oil Gulf cities and positioned itself as a subject for visionary thinking and urban experimentation. PAOLO CARATELLI During the years preceding 2008, Dubai became almost a site of utopia - evoking Abu Dhabi University a long tradition of prolific visionary thinking about the city – particularly 1970s utopian projects. Today skyscrapers, gated communities, man-made islands, iconic buildings and long extended waterfronts, dominate the cityscape. Until now, most of the projects are built organically within a fragmented urban order, often coexisting in isolation within a surrounding incoherence. When inaugu- rated in 2009, Dubai Metro marked the beginning of a new association between urbanity, mobility and modernity. It marked the start of a new era for urban mass transit in the Arabian Peninsula and is now perceived as an icon of the emirate’s modern urbanity (Ramos, 2010, Decker, 2009, Billing, n. -
Bus Route-Al Quoz
AlAl QuozQuoz BusBus RouteRoute Bus Timings (Departure from EDI Al Quoz only) Areas Covered Pick and Drop Landmarks Bus Number Saturday - Thursday Friday DUBAI Al Khail Gate, Al Barsha South, Jumeirah Village Triangle, IMPZ, Bus number 1 Departure timings • Al Khail Gate • Al Barsha • Arabian Ranches Lake Side Tower, Sports City, Motor City, Reem Ram, Arabian • Jumeirah Village Triangle • IMPZ • 10:40 am • 12:40 pm • 2:40 pm Not Available • Dubai Sports City • Dubai Motor City Ranches, Jumeirah Village Circle, Springs, Meadows, Al Barsha • Springs/Meadows Mall, Al Barsha 3 Contact Number: 056 6103091 For pick up timing, please call the bus driver 2 hours in advance to your class timing DUBAI Oasis Mall, Dubai Bowling Center, Safa Park, Park & Save, Umm Bus number 2 Departure timings • Oasis Mall • Dubai Media City • Dubai Al Suqeim 1-2-3, Al Sufouh Road, Abdullah Bin Taryam Road, Internet City • Dubai Marina • Al Sufouh Road • 10:40 am • 12:40 pm • 2:40 pm Not Availabile Zayed University, Dubai Internet City, Al Falak Street, Dubai • JBR Tram station • Ibn Batuta Mall • TECOM • Al Barsha • Mall of Emirates Media City, Marina Tower, JBR Tram Station, Ibn Battuta Mall, Contact Number: 056 6103092 • Emirates NBD-AL Barsha • Mawakeb School TECOM, Al Barsha Area, Mall of the Emirates, Emirates NBD Al • Saudi German Hospital. Barsha, Mawakeb School, Saudi German Hospital For pick up timing, please call the bus driver 2 hours in advance to your class timing Departure timings Departure timings DUBAI FAB Metro Station to EDI every 1 hour Bus number -
2 New Schools Join QF's Education Ecosystem
BUSINESS | Page 1 SPORT | Page 1 Corinthia Hotels Djokovic sign deals for survives scare to properties at set up Tsitsipas The Pearl-Qatar, semi-fi nal Gewan Island published in QATAR since 1978 THURSDAY Vol. XXXXI No. 11695 October 8, 2020 Safar 21, 1442 AH GULF TIMES www. gulf-times.com 2 Riyals Order to arrest suspects in money-laundering HE the Attorney-General Dr Ali bin Fattis al-Marri has issued an Amir, Erdogan discuss order to arrest a number of people suspected of carrying out money- laundering operations. This comes strategic ties, regional after the first indications from the competent authorities reported the existence of a large movement and international issues of funds suspected of being among the crimes that fall under the crimes of money laundering is Highness the Amir Sheikh quet were attended by a number of punishable by law. The Attorney- Tamim bin Hamad al-Tha- ministers. General has issued an order for an Hni yesterday discussed with Earlier upon his arrival at Doha In- investigation to begin. Turkish President Recep Tayyip Er- ternational Airport on a working visit dogan bilateral strategic relations and to the country, Erdogan and the ac- Webpage for non-Qatari the means to enhance them in all fi elds. companying delegation were met by The Amir and the Turkish president HE the Deputy Prime Minister and ownership of real estate exchanged views on the latest regional Minister of State for Defence Aff airs The Committee for the Regulation and international developments as well Dr Khalid bin Mohamed al-Attiyah and of Ownership and Use of Non- as issues of joint interest, in the meet- Turkish ambassador Mehmet Mustafa Qatari Property has launched a ing that took place at Al Bahr Palace. -
Rta Bus Routes List 2019
Dubai Bus ﻻﺋﺤﺔ ﺧﻄﻮط اﻟﺤﺎﻓﻼت اﻟﻌﺎﻣﺔ ﻳﻨﺎﻳﺮ ٢٠١٩ Bus Route Service List January 2019 رﻗﻢ اﻟﺨﻂ ﻳﻨﻄﻠﻖ ﻣﻦ ﻳﺼﻞ ﻟﻐﺎﻳﺔ رﻗﻢ اﻟﺨﻂ ﻳﻨﻄﻠﻖ ﻣﻦ ﻳﺼﻞ ﻟﻐﺎﻳﺔ Route ID Start from End - to Route ID Start from End - to اﻟﺨﻄﻮط اﻟﺴﻳﻌﺔ اﻟﺨﻄﻮط اﻟﻌﺎﻣﺔ Express Bus Routes Local Bus Routes 13B ﻣﺤﻄﺔ ﺣﺎﻓﻼت ﺳﻮق اﻟﺬﻫﺐ ﻣﺤﻄﺔ ﺣﺎﻓﻼت اﻟﻘﺼﻴﺺ 7 ﻣﺤﻄﺔ ﺣﺎﻓﻼت اﻟﺴﻄﻮة اﻟﻘﻮز ﺟﻲ ﻣﺎرت 13B Gold Souq Bus Stn Al Qusais Bus Stn 7 Al Satwa Bus Stn Al Quoz, J Mart 91A ﻣﺤﻄﺔ ﺣﺎﻓﻼت ﺳﻮق اﻟﺬﻫﺐ ﻣﺤﻄﺔ ﺣﺎﻓﻼت ﺟﺒﻞ ﻋ 8 ﻣﺤﻄﺔ ﺣﺎﻓﻼت ﺳﻮق اﻟﺬﻫﺐ ﻣﺤﻄﺔ ﻣﺘﺮو اﺑﻦ ﺑﻄﻮﻃﺔ 91A Gold Souq Bus Stn Jebel Ali Bus Stn 8 Gold Souq Bus Stn Ibn Battuta MS X02 ﻣﺤﻄﺔ اﻟﻐﺒﻴﺒﺔ اﻟﺴﻄﻮة ﻣﺤﻄﺔ ﺣﺎﻓﻼت اﻟﻐﺒﻴﺒﺔ ﻣﺤﻄﺔ ﻣﺘﺮو ﻣﻌﺒﺮ اﻟﺨﻠﻴﺞ اﻟﺘﺠﺎري X02 Al Ghubaiba Bus Stn Al Satwa 9 Al Ghubaiba Bus Stn Business Bay MS 9 X13 ﻗﻳﺔ اﻟﻠﻮﻟﻮ ﻣﺤﻄﺔ ﺣﺎﻓﻼت اﻟﺴﻄﻮة 10 ﻣﺤﻄﺔ ﺣﺎﻓﻼت ﺳﻮق اﻟﺬﻫﺐ ﻣﺤﻄﺔ ﺣﺎﻓﻼت اﻟﻘﻮز X13 LuLu Village Al Satwa Bus Stn 10 Gold Souq Bus Stn Al Quoz Bus Stn X22 ﻣﻨﻄﻘﺔ اﻟﻘﺼﻴﺺ اﻟﺼﻨﺎﻋﻴﺔ 2 ﻣﺤﻄﺔ ﻣﺘﺮو ﻣﻌﺒﺮ اﻟﺨﻠﻴﺞ اﻟﺘﺠﺎري 11A ﻣﺤﻄﺔ ﺣﺎﻓﻼت ﺳﻮق اﻟﺬﻫﺐ اﻟﻌﻮﻳﺮ X22 Al Qusais Ind'l Area 2 Business Bay MS 11A Gold Souq Bus Stn Al Awir X23 ﻣﺤﻄﺔ ﺣﺎﻓﻼت ﺳﻮق اﻟﺬﻫﺐ اﻟﻤﺪﻳﻨﺔ اﻟﻌﺎﻟﻤﻴﺔ 11B ﻣﺤﻄﺔ ﻣﺘﺮو اﻟﺮاﺷﺪﻳﺔ ﻣﺤﻄﺔ اﻟﻌﻮﻳﺮ 11B Rashidiya MS Al Awir Terminus X23 Gold Souq Bus Stn International City ﻣﺤﻄﺔ ﺣﺎﻓﻼت اﻟﻐﺒﻴﺒﺔ X25 ﻣﺤﻄﺔ ﺣﺎﻓﻼت اﻟﻜﺮاﻣﺔ د ﻟﻠﺘﻌﻬﻴﺪ, ﺑﻨﻚ أﺳﻜﺘﻠﻨﺪا اﻟﻤﻠﻜﻲ 2 12 ﻣﺤﻄﺔ ﺣﺎﻓﻼت اﻟﻘﻮز Al Ghubaiba Bus Stn Al Quoz Bus Stn 12 X25 Al Karama Bus Stn Dubai Outsourcing 13 ﻣﺤﻄﺔ ﺣﺎﻓﻼت ﺳﻮق اﻟﺬﻫﺐ اﻟﻘﺼﻴﺺ ﻣﺴﺎﻛﻦ اﻟﻌﻤﺎل Gold Souq Bus Stn Al Qusais DM Housing X28 ﻗﻳﺔ اﻟﻠﻮﻟﻮ ﻣﺤﻄﺔ ﻣﺘﺮو ﻣﺪﻳﻨﺔ د ﻟﻼﻧﺘﺮﻧﺖ LuLu Village Dubai Internet City MS 13 ﻣﺤﻄﺔ ﺣﺎﻓﻼت ﺳﻮق اﻟﺬﻫﺐ ﻣﺤﻄﺔ ﺣﺎﻓﻼت اﻟﻘﺼﻴﺺ X28 13A -
Mashreq Wealth Gauge
Exceptional. Individual. The banking sector is expected to benefit from the With the outstanding success of the Initial Public UAE continues to benefit with influx of private strong economic growth and ample liquidity in the Offering of the Emaar Malls Group, the IPO Market capital on account of political unrest in addition to cash market. However the growth in the retail has shown traction. More number of companies are influx of wealth from emerging markets like India, Mashreq segment will be nicely balanced by the launch of expected to take this route to listing. Such listings Russia and China. The Institute of International Al Etihad Credit Bureau. The Sector is expected to will add further depth and liquidity to the bourses. Finance (IIF) confirms that Foreign Direct do well with earnings more than the market Amanat holding, Al Habtoor Group, Ithmar Capital Investments (FDI) have doubled to USD 12 billion expectations. The profitability will be primarily and Damac are a few companies who have lined up which now accounts to 3% of the 2013 GDP. The driven by growth in fee income and decline in their IPOs. Listings will ease out cash liquidity issues, fiscal balance is at a surplus of 10.2% of GDP of Property provisioning. The compression in margins is however the challenge will be to make good use of 2013. All indicators have led to an improvement Wealth Gauge. expected to continue which will be over funds raised and to meet working capital in credit conditions for the economy. shadowed by strong growth in lending book size. -
Al Saraya Buses Rental Llc Delhi Private School, Dubai Bus Routes for the Academic Year 2021-2022
AL SARAYA BUSES RENTAL LLC DELHI PRIVATE SCHOOL, DUBAI BUS ROUTES FOR THE ACADEMIC YEAR 2021-2022 AREA AREA ROUTE NAME BUS NUMBERS CODE Gardens 58,76,78,89 1 DUBAI Discovery Gardens 34,35,36,39,42,43,44,45,46,49,51,52,53,56,60,84,88,108 Al Furjan 32, 66 ,68,111 JLT 48,53,59 Marina, Media city, Jumeirah Beach Residency 44,85 2 DUBAI Springs, Meadows, Jumeirah Island,Jumeirah park, 88,99 Barsha 47,74 Greens, Tecom, Knowledge Village 50,57,91 DIP, GREEN COMMUNITY, 54,96,106, 3 DUBAI Jumeirah village circle, Motor city, Remraam & Mudon, 95,101,107,110 Arabian Ranches, Sports City, IMPZ Deira 92,109 Downtown,Business Bay,Satwa,Jafiliya,Diafaa 73,97,105 Jumeirah Al Quoz, Al Khail Gate, Jumeirah Village Triangle 64,94 4 DUBAI Burdubai 55,61,71,72,80,86,93,103 Karama, Oud Metha 69,70,83 Qusais 65,67,98 International City, DSO, Skycourts, Liwan 40,63,112 Sharjah - STAFF ACCOMMODATION DPS-1 5 SHARJAH SHARJAH 75,82,102 TOTAL BUS ROUTES AL SARAYA BUSES RENTAL L.L.C DELHI PRIVATE SCHOOL, DUBAI ROUTE NUMBER 32 ROUTE NAME AL FURJAN DRIVER NAME ABDUL KADIR KHAN CONTACT NUMBER 971552299871 PICK UP ORDER PICK UP CODE BUS STOP AREA CODE PICK UP TIME DROP OFF TIME 1 32-1 AVENUE BLDG 1 06:50 14:10 2 32-2 VILLA 17 B 1 06:50 14:10 3 32-3 AZIZI MONTRELL BLDG 1 06:55 14:15 4 32-4 MURANO RESIDENCES 1 1 06:55 14:15 5 32-5 STARZ BY DANUBE 1 07:00 14:20 6 32-6 AZZIZE YASMEN RESIDENCE 1 07:00 14:20 7 32-7 AZZIZE FEIROUZ RESIDENCES 1 07:05 14:22 Note:- All students should be at the bus stop 5 minutes before the bus is scheduled to arrive. -
Mashreq Bank
mashreq Fixed Income Trading Daily Market Update Sunday, July 05, 2015 Market Update • Abu Dhabi lenders’ earnings grow 11% in Q1 The total net earnings of Islamic and commercial banks in Abu Dhabi climbed 11.2% in the first quarter of 2015 in year-on-year period, showing the strengthens of the flourishing banking sector. Total earnings rose 1.5% in quarter-on-quarter comparison, said Statistics Centre Abu Dhabi complied, “Abu Dhabi-Based Banks Statistics Report”, for Q1 2015. (Khaleej Times) • Gulf Finance House planning acquisition GFH is planning to make an acquisition this year and sell a unit in an initial public offering. The expected moves are part of efforts to reshape GFH, which was hit hard by the 2008-2009 global financial crisis. “The new strategy of GFH is primarily focused on creation of a financial group rather than just an investment bank which it used to be before,” said Hisham Alrayes, the chief executive. “From the five pillars, we would like to have an equal participation of income, ideally.” Currently the Bahrain-based Islamic investment bank has four units: investment banking, commercial banking, real estate and industry. GFH, which is talking to one firm in Bahrain and two in Dubai, is banking on closing this year with at least one leveraged acquisition valued at about USD200 million. The firm is seeking to finance the acquisition through 30 to 40% equity and the remainder in debt. (Bloomberg) • Qatar National Bank and Bahrain's Arab Bank Corp more interested in acquiring Finansbank QNB and ABC did not follow up early interest in acquiring HSBC's Turkish business because they were more interested in National Bank of Greece's Turkish arm Finansbank, two people familiar with the matter said. -
Inside Micro Market Prices City Indices Dubai Real Estate Cycle What's Driving Dubai Real Estate
DR E A L E S T AuT E M A R K EbT S N A P SaH O T i Inside Micro Market prices City Indices Dubai Real Estate Cycle What's driving Dubai Real Estate A S Q U A R E G L O B A L R E S E A R C H P U B L I C A T I O N w w w . s q u a r e y a r d s . c o m D U B A I Real Estate Cycle Dubai Real Estate Outlook in 2017 Dubai’s real estate industry is set Traditionally, Britons along with Bullish Sentiments in for a turn-around in 2017. After Indians & Pakistanis are major Anticipation rallying ahead in 2013-14, real international investor community in estate prices started softening in Dubai. However, after BREXIT, in H1 In 2017, real estate market in 2015 & 16 with average prices 2016; the total amount of British Dubai is expected to accelerate. being corrected by around 5% investment has been in tune of UAE’s economy will ramp up & this annually. Slowdown also persisted USD 1 billion, down from USD 1.3 will fuel demand for more in the rental markets. billion in H1, 2015. residential units through added job creation. Real Estate Market Sentiments Micro markets in Dubai such as in 2016 Dubai Silicon Oasis (DSO), Dubai The tourism industry in Dubai, will International City & Dubai Sports add more mileage to the real estate Real estate market sentiments City continued to show capital demand dynamics. -
Wholesale Banking
Wholesale Banking Table of Contents CEO’s Message ..….………. 04 3.8 Healthcare …….……..…. 32 3.9 Education …….……..…. 33 1 Introduction to Mashreq ..….………. 05 3.10 Energy …….…..……. 34 1.1 Banking with us .....….………. 07 1.2 Our Values ..…….………. 08 4 Offering …….………. 35 1.3 Our Journey ….……..……. 09 4.1 Investment Banking ……….………. 37 1.4 Our Network ……….….……. 11 4.2 Global Transaction Banking …….………... 41 Corporate & Investment Banking 4.3 Mashreq Al Islami …….…..……. 43 Group Head’s Message …….………. 13 5 International Presence …….………. 45 International Banking Group 5.1 Egypt …….…………. 47 Head’s Message …….………. 14 5.2 Qatar …….…………. 49 5.3 India ……….………. 51 2 Introduction to Corporate & 5.4 Bahrain ……….………. 53 Investment Banking Group …….………. 15 5.5 United States of America ……….………. 55 2.1 Corporate & Investment Banking Group ……….………. 17 5.6 Kuwait .……..………. 57 2.2 Our Proposition ..……..………. 18 5.7 Hong Kong …..….….……. 59 2.3 Leadership Team …….…………. 19 5.8 United Kingdom ……...………. 61 Corporate Origination and Business 3 Industry Expertise …….………. 22 6 Development …….………. 63 3.1 Real Estate …….………... 23 3.2 Services & Manufacturing …….……..…. 24 7 Research & Knowledge Partnerships …….………. 67 3.3 Contracting Finance …….…..……. 25 8 Business Transformation, Strategy 3.4 Non-Banking Financial Institutions …….…..……. 27 & Intelligence …….………. 73 3.5 Financial Institutions …….…………. 28 3.6 Trading Companies …….…………. 30 9 Client Endorsements …….………. 77 3.7 Public Sector, Aviation & Utilities ………………. 31 10 Our Achievements …….………. 81 CEO‘s Message Mashreq’s rich legacy of over 50 years and commitment to deliver customer-centric banking solutions puts the bank in a leadership position when serving businesses with a global vision. We aim to become a true growth partner for all our clients, enabling innovation across key financial & business touch points.