2018 ANNUAL PROPERTY MARKET REPORT 2018 A MESSAGE FROM THE CEO

2018 has been a year of uncertainty when it comes an answer to the state of the real estate market. to the Dubai Property Market. There have been so Many people and businesses across Dubai were many contrasting reports either saying the prices are overleveraged with no ability to pay back what they dropping further, the prices are rising, or that they had borrowed, and I personally saw this first hand are staying the same. In my opinion, these reports with our clients. Clients who purchased off plan villas are based on speculation - no one can accurately with finance saw the value of their non-existent predict the future of the Dubai real estate market. property drop by 70% and they had no way to pay Some of the world’s largest investment banks back the loan or even guarantee that their property declared Dubai as 'recession proof' in 2008, which is would get built. 2008 makes 2018 look like a breeze! why I personally take it all with a pinch of salt. I gauge my opinion of the market by taking into For the Dubai property market to grow to a healthy, consideration the cold hard facts that can be stable state more focus must be put on first-time measured. Figures and data are taken from; sales buyers. We conducted a survey with tenants in and leases agreed, applicants registered, viewings Dubai and 78% said they would buy if they could attended and, of course, turnover of the business as afford to, thus showing us the sentiment is there. a whole and show a substantial increase compared Therefore, the focus should lie with those who are to 2017. waiting to take their first step onto the property ladder. When relief is given, we will see a dramatic When people ask me about the property market, I uplift in new sales which will lead to the tightening tell everyone that it’s healthy. I think when you take up of the supply in the market. New residents to the an overview of the 2018 Dubai Property market as a city will occupy the properties previously rented by whole, you have to look past the prices which will those first-time buyers who have moved into their inevitably go up and down - you must consider the new homes creating a healthy cycle. I firmly believe economy and the population. The Dubai population the Dubai real estate cycle is clogged up with many has seen an increase of 6.2% in 2018 and within this tenants with the desire to purchase a property but population are future tenants and buyers. This shows not having the funds available to do so. the pulling power and attraction of Dubai is growing as expats are looking at Dubai with longevity which To sign off on this compelling year of real estate, I will stimulate the economy and real estate market will say this - Dubai is going to progress and become further. an even better place to live and work over the years to come. We continue to invest heavily in Dubai with Moving onto the hot topic - why the prices are going a strong belief in the success of the city. As a down and how they will increase again. Before I company, we have expanded into Jumeirah Golf answer that, it is imperative for anyone who has an Estates, The Springs Souk Mall and Palm Jumeirah interest in the property market to understand that in Galleria Mall. Dubai may not be the place it was in 2013 we were in a booming market and prices were terms of becoming a millionaire overnight like in going up at a very fast pace. The Dubai Government 2006 – 2008, but, you can make a very successful introduced cooling measures which were put in career and change your life for the better as long as place to add more stability to the market. The prices you are willing to work hard. Dubai is an incredible have steadily declined after the government limited place to live and is the reason for the increase in the Loan to Value (LTV). A buyer can borrow up to families and individuals relocating to the city or 75% of the property value, therefore, eliminating a visiting regularly on holiday. Dubai is now one of the lot of potential buyers from purchasing their first most popular luxury destinations of the world and I property in the city. think we will have a great few years ahead of us in the property market. When the world recession hit, in 2008, no one had ALLSOPP & ALLSOPP 2018 REPORT 01 2018 AT A GLANCE

SALES: LETTINGS: MOST POPULAR AREA DUBAI MOST POPULAR AREA SPRINGS BASED ON MARINA BASED ON TRANSACTIONS TRANSACTIONS

6.2% 3,174,376 16,605 43,603 541,819 9,207

DUBAI POPULATION* TOTAL CLIENT TOTAL VIEWINGS TOTAL CLIENT TOTAL NEW PROPERTIES REGISTRATIONS ATTENDED CONVERSATIONS REGISTERED

FIGURES FROM ALLSOPP & ALLSOPP DATA *DUBAI STATISTICS CENTER ALLSOPP & ALLSOPP 2018 REPORT 02 2018 AT A GLANCE

BUYERS SUMMARY TENANTS SUMMARY

TOP 3 NATIONALITIES OF BUYERS: TOP 3 NATIONALITIES OF TENANTS:

1ST BRITISH 2 ND INDIAN 3 RD LEBANESE 1ST BRITISH 2 ND LEBANESE 3RD EGYPTIAN

2% 1%

R 31% 36% E 24% Y M

U O B

R

H T

G

S

A A

G C

E

B 28

U 40 11%

Y E R 64% 31%

AVERAGE AGE AVERAGE NO. OF ANNUAL CHEQUES AVERAGE AGE 1 CHEQUE 2 CHEQUES 3 CHEQUES 4 CHEQUES 6 CHEQUES 12 CHEQUES FIGURES FROM ALLSOPP & ALLSOPP DATA ALLSOPP & ALLSOPP 2018 REPORT 03 2018 AT A GLANCE

SALES LETTINGS BUYER REGISTRATION 3% 20% TENANT REGISTRATION SECONDARY MARKET SALES 5.8% 15% LEASED PROPERTIES OFF-PLAN SALES 10.7% 15% RENTAL LISTINGS SALES LISTINGS 1% 11.8% APARTMENTS LET APARTMENTS SOLD 0.5% 15.3% VILLAS LET VILLAS SOLD 2.3% 3.7% AVERAGE RENTAL PRICE

FIGURES FROM ALLSOPP & ALLSOPP DATA ALLSOPP & ALLSOPP 2018 REPORT 04 The most notable sale in 2018 was made on the Palm Jumeirah for AED 10.3 Million 2018 for a 4-bedroom villa in Blaqis EXPLAINED Residence.

Allsopp & Allsopp have had a 22% revenue We have seen a 20% increase in tenant Dubai Marina comes out on top for areas most increase from 2017. We have seen year on year registrations in 2018. The population of Dubai popular for leasing in 2018 with the Palm revenue growth through challenging markets continues to multiply year on year and, in turn, we Jumeirah coming in a close second. The Springs is since opening in 2008. This year, on average, we see tenant registration rise. The rental cost of the most popular area for Sales in 2018 followed have moved 9 families into homes every day properties across Dubai as a whole has dropped by Dubai Marina. between sales and rentals. by 30% in the last 2 “years. As a result, we have had tenant’s registering to upgrade their homes, in line The most notable sale in 2018 was made on the We have seen a decrease of 3% in buyer with this drop in pricing. Areas that may have Palm Jumeirah for AED 10.3 Million for a registrations in 2018 compared to 2017. However, been out of budget in previous years are more 4-bedroom villa in Blaqis Residence. This the amount of off-plan launches has decreased achievable in 2018. Therefore, rental listings have compares to an AED 19.2 Million 6-bedroom villa significantly since 2017. As a result Investor increased by 15% in 2018. in The Lakes in 2017. The cheapest property for buyers have decreased in 2018 by 11% compared sale in 2018 “was a 1-bedroom apartment in to 2017. Overall, we had 63% of end-user buyers According to Dubai Statistics Center, the Damac Hills Akoya for AED 380,000. This in 2018 compared to 57% in 2017. population has increased by 6.2% since 2017 from compares to a 1-bedroom apartment in Damac 2,976,455 to 3,174,376. The amount of properties Hills for AED 400,000 in 2017. The average sale price for properties remains the handed over by developers in Dubai has same as last year at AED 2.5 million, however, the decreased by 5.3% since 2017 according to Despite the slow decline of property prices in average number of bedrooms in properties sold Property Finder statistics. The decline in 2018, sales are still happening and people are still has increased from 2 bedrooms in 2017 to 3 handovers in 2018 has resulted in a boost in the moving. The common trend we have noticed is bedrooms in 2018. Buyers are not using the ready market. We have seen a 5.8% increase in that buyers and tenants are using this decline in decline in pricing to cost cut but rather to upgrade secondary market sales in 2018. The off-plan sales price to their advantage and upgrading their their property. Likewise, tenants are also getting have seen a decrease in 2018 by 10.7%. properties. They are gaining more space, more more bedrooms for their money in comparison to bedrooms and often a location that was previously 2017. As well as more bedrooms, tenants have out of budget. seen a decline in price for a yearly rent by 3.7%.

ALLSOPP & ALLSOPP 2018 REPORT 05 2018 NOTABLE SALES

ARABIAN RANCHES SAVANNAH 1 SAHEEL 1 SAHEEL 2

SOLD SOLD SOLD

TYPE 5A | 5 BED TYPE 5 | 5 BED TYPE 3 | 5 BED 6 1 67 8 55 4 AED 6,260,000 DAYS ON MARKET NO. OF VIEWINGS AED 5,300,000 DAYS ON MARKET NO. OF VIEWINGS AED 4,600,000 DAYS ON MARKET NO. OF VIEWINGS

VICTORY HEIGHTS MORELLA NOVELIA ESMERALDA

SOLD SOLD SOLD

TYPE B | 5 BED TYPE A1 | 6 BED TYPE A1 | 6 BED 58 12 77 30 AED 5,500,000 DAYS ON MARKET NO. OF VIEWINGS AED 8,000,000 OFF-MARKET LISTING AED 8,625,000 DAYS ON MARKET NO. OF VIEWINGS

ALLSOPP & ALLSOPP 2018 REPORT 06 2018 NOTABLE SALES

DUBAI INTERNATIONAL FINANCIAL CENTRE INDEX TOWER LIMESTONE INDEX TOWER

SOLD SOLD SOLD

2 BED 3 BED 2 BED 52 9 63 5 AED 3,500,00 DAYS ON MARKET NO. OF VIEWINGS AED 3,800,000 OFF-MARKET LISTING AED 3,200,000 DAYS ON MARKET NO. OF VIEWINGS

DUBAI MARINA AL MESK TOWER AL MAJARA 1 MARINA HEIGHTS

SOLD SOLD SOLD

3 BED 2 BED 3 BED 17 2 37 7 41 12 AED 3,550,000 DAYS ON MARKET NO. OF VIEWINGS AED 3,200,000 DAYS ON MARKET NO. OF VIEWINGS AED 3,540,000 DAYS ON MARKET NO. OF VIEWINGS

ALLSOPP & ALLSOPP 2018 REPORT 07 2018 NOTABLE SALES

JUMEIRAH ISLANDS EUROPEAN CLUSTER MEDITERRANEAN CLUSTER OASIS CLUSTER

SOLD SOLD SOLD

MASTER VIEW VILLA | 5 BED ENTERTAINMENT FOYER | 4 BED ENTERTAINMENT FOYER | 4 BED 48 12 65 8 92 19 AED 6,750,000 DAYS ON MARKET NO. OF VIEWINGS AED 6,800,000 DAYS ON MARKET NO. OF VIEWINGS AED 7,000,000 DAYS ON MARKET NO. OF VIEWINGS

JUMEIRAH GOLF ESTATES SIENNA LAKES WILDFLOWER FLAME TREE RIDGE

SOLD SOLD SOLD

TYPE 4 E | 5 BED TYPE E2 | 6 BED OAKMONT TYPE | 5 BED

86 15 OFF-MARKET LISTING 48 14 AED 6,615,000 DAYS ON MARKET NO. OF VIEWINGS AED 8,993,600 AED 6,500,000 DAYS ON MARKET NO. OF VIEWINGS

ALLSOPP & ALLSOPP 2018 REPORT 08 2018 NOTABLE SALES

DUBAI SPORTS CITY CANAL RESIDENCE THE MEDALIST CANAL RESIDENCE

SOLD SOLD SOLD

2 BED 2 BED 2 BED 46 13 18 10 87 6 AED 1,010,000 DAYS ON MARKET NO. OF VIEWINGS AED 1,032,000 DAYS ON MARKET NO. OF VIEWINGS AED 1,110,000 DAYS ON MARKET NO. OF VIEWINGS

JUMEIRAH LAKE TOWERS AL SEEF TOWER 2 AL SEEF TOWER 3 GREEN LAKE TOWER

SOLD SOLD SOLD

2 BED 3 BED 3 BED 45 18 59 13 AED 2,200,000 DAYS ON MARKET NO. OF VIEWINGS AED 3,000,000 DAYS ON MARKET NO. OF VIEWINGS AED 1,800,000 OFF-MARKET LISTING

ALLSOPP & ALLSOPP 2018 REPORT 09 2018 NOTABLE SALES

JUMEIRAH VILLAGE CIRCLE WESTAR CONSTELLATION ERANTIS MEDITERRANEAN

SOLD SOLD SOLD

4 BED 4 BED 2 BED 7 10 5 2 AED 2,500,000 OFF-MARKET LISTING AED 2,350,000 DAYS ON MARKET NO. OF VIEWINGS AED 2,400,000 DAYS ON MARKET NO. OF VIEWINGS

JUMEIRAH VILLAGE AEDTRIANGLE 5,300,000 AED 4,600,000 DISTRICT 7D DISTRICT 4H DISTRICT 4H

SOLD SOLD SOLD

2 BED 2 BED 2 BED 89 17 5 2 AED 2,450,000 DAYS ON MARKET NO. OF VIEWINGS AED 2,500,000 OFF-MARKET LISTING AED 2,275,000 DAYS ON MARKET NO. OF VIEWINGS

ALLSOPP & ALLSOPP 2018 REPORT 10 2018 NOTABLE SALES

MOTOR CITY FOX HILL 9 WINDCOMBE HOUSE 3 DICKENS CIRCUS 3

SOLD SOLD SOLD

3 BED 2 BED 3 BED 53 5 22 2 83 11 AED 1,750,000 DAYS ON MARKET NO. OF VIEWINGS AED 1,350,000 DAYS ON MARKET NO. OF VIEWINGS AED 1,400,000 DAYS ON MARKET NO. OF VIEWINGS

PALM JUMEIRAH MARINA RESIDENCES 6 OCEANA SOUTHERN BALQIS RESIDENCES

SOLD SOLD SOLD

TYPE A | 3 BED TYPE A | 3 BED 4 BED 71 15 78 17 AED 4,130,000 DAYS ON MARKET NO. OF VIEWINGS AED 6,200,000 DAYS ON MARKET NO. OF VIEWINGS AED 10,300,000 OFF-MARKET LISTING ALLSOPP & ALLSOPP 2018 REPORT 11 2018 NOTABLE SALES

THE LAKES ZULAL 3 ZULAL 3 DEEMA 1

SOLD SOLD SOLD

TYPE A | 3 BED TYPE A | 3 BED 4 BED 5 3 15 3 AED 3,530,000 DAYS ON MARKET NO. OF VIEWINGS AED 4,400,000 DAYS ON MARKET NO. OF VIEWINGS AED 4,900,000 OFF-MARKET LISTING

THE MEADOWS MEADOWS 1 MEADOWS 3 MEADOWS 5

SOLD SOLD SOLD

TYPE 9 | 5 BED TYPE 8 | 5 BED TYPE 14 | 4 BED 75 20 8 4 AED 4,300,000 DAYS ON MARKET NO. OF VIEWINGS AED 5,600,000 OFF-MARKET LISTING AED 3,900,000 DAYS ON MARKET NO. OF VIEWINGS

ALLSOPP & ALLSOPP 2018 REPORT 12 2018 NOTABLE SALES

THE SPRINGS SPRINGS 1 SPRINGS 8 SPRINGS 4

SOLD SOLD SOLD

TYPE 2E | 3 BED TYPE 1E | 3 BED TYPE 1E | 3 BED 2 3 15 6 AED 3,050,000 DAYS ON MARKET NO. OF VIEWINGS AED 3,050,000 DAYS ON MARKET NO. OF VIEWINGS AED 3,250,000 OFF-MARKET LISTING

DAMAC HILLS SILVER SPRINGS SILVER SPRINGS PICADILLY GREEN

SOLD SOLD SOLD

6 BED 5 BED 5 BED 88 12 60 8 68 11 AED 7,500,000 DAYS ON MARKET NO. OF VIEWINGS AED 3,500,000 DAYS ON MARKET NO. OF VIEWINGS AED 3,700,000 DAYS ON MARKET NO. OF VIEWINGS ALLSOPP & ALLSOPP 2018 REPORT 13 2017 & 2018 AT A GLANCE

NO. OF BEDROOMS IN THE PROPERTIES SOLD

28%2 BEDROOM 27% 26% 3 BEDROOM 1% 1 BEDROOM 1% 224% BEDROOM 6 BEDROOM 6 BEDROOM

11%4 BEDROOM STUDIO4% 3%STUDIO 14%4 BEDROOM

5 BEDROOM8% 5 BEDROOM9% 322% BEDROOM 122% BEDROOM

2017 2018 ALLSOPP & ALLSOPP 2018 REPORT 14 2018 NOTABLE LETS

Jumeirah Village Triangle L et Price Agreed No. of Bedrooms Days on Market No. of Viewings District 8G AED 205,000 4 6 3 District 4E ArabianAED 160,000 Ranches 2 77 6 District 4C Let PricAEDe Ag 145,000reed No. of Bed2 rooms DayOFF-MARKETs on Market LISTINGNo. of Viewings District 8Q Type 2, Rasha Villas AED 415,000AED 140,000 4 3 OFF-MARKETOFF-MARKET LISTING LISTING District 8A AED 132,500 2 OFF-MARKET LISTING Type 12, Mirador 1 AED 370,000 7 54 2 Type 4, Saheel AED 330,000 5 OFF-MARKET LISTING Type B, Palmera 1 AED 140,000Jumeirah Islands 3 48 6 Type 4E, Al Reem 2 AED L e120,000t Price Agreed No. of2 Bedrooms Days on 12Market No. of Viewin2gs Garden Hall, Oasis AED 460,000 4 26 3 European Cluster AED 450,000 5 14 1 Entertainment Foyer, Cluster 8 AED 450,000 5 1 6 Entertainment Foyer, Mediterranean VictoryAED 400,000 Heights 5 35 6 Garden Hall, Cluster 32 Let PricAEDe Ag 370,000reed No. of Bed4 rooms Days 42on Market N20o. of Viewings Type A, Esmeralda AED 435,000 6 OFF-MARKET LISTING Type A, Carmen Village AED 375,000The Lakes 4 34 12 Type C1, Novelia AED L e210,000t Price Agreed No. of5 Bedrooms Days on 78Market No. of Viewin11gs Type C2M, aOlivaeen 1 AED 175,000AED 300,000 5 5 16OFF-MARKET LISTING2 Type 4E,Ty pEstellae 1E, Ghadeer 1 AED 133,000AED 225,000 4 3 OFF-MARKET88 LISTING 15 Deema 1 AED 220,000 3 16 3 Zulal 1 AED 195,000 3 30 9 Zulal 2 AED 190,000 3 34 3 ALLSOPP & ALLSOPP 2018 REPORT 15 2018 NOTABLE LETS

The Springs Let Price Agreed No. of Bedrooms Days on Market No. of Viewings Type 1E, Springs 11 AED 190,000 3 48 8 Type 3E, Springs 2 Dubai InternationalAED 190,000 Financial3 Centre 19 4 Type 1E, Springs 9 Let PriceAED Ag 185,000reed No. of Bed3rooms Days 64on Market No12. of Viewings Type 2E, Springs 2 AED 185,000 3 36 3 Limestone House AED 140,000 2 1 11 Type 4E, Springs 14 AED 125,000 2 24 6 Burj Daman AED 200,000 2 OFF-MARKET LISTING Central Park Tower AED 195,000 2 OFF-MARKET LISTING Burj Daman AED 175,000DAMAC Hills 3 12 2 Let Price Agreed No. of Bedrooms Days on Market No. of Viewings Burj Daman AED 170,000 2 28 6 Whitefield AED 220,000 5 34 12 Whitefield AED 210,000 5 40 9 The Field AED 200,000 5 72 3 Brookfield AEDDubai 195,000 Marina 5 OFF-MARKET LISTING Piccadilly Green Let PriceAED Ag 185,000reed No. of Bed3rooms Days 14on Market No6. of Viewings The Address Dubai Marina AED 250,000 2 1 1 Al Majara 1 AED Dubai220,000 Sports City 3 32 8 Trident Bayside AED L e200,000t Price Agreed No. of3 Bedrooms Days on 34Market No. of Viewin5gs Al MeskArena Tower Apartments AED 200,000AED 110,000 3 2 3654 8 14 ShemaraArena Tower Apartments AED 190,000AED 110,000 3 2 43OFF-MARKET LISTING4 The Medalist AED 105,000 2 26 2 Venetian, Canal Residence AED 90,000 2 62 3 Venetian AED 88,000 2 14 3

ALLSOPP & ALLSOPP 2018 REPORT 16 2018 NOTABLE LETS

Jumeirah Islands Let Price Agreed No. of Bedrooms Days on Market No. of Viewings Garden Hall, Oasis AED 460,000 4 26 3 European Cluster AED 450,000 5 14 1 Entertainment Foyer, Cluster 8 AED 450,000 5 1 6 Entertainment Foyer, Mediterranean AED 400,000 5 35 6 Garden Hall, Cluster 32 AED 370,000 4 42 20

Jumeirah Golf Estates Let Price Agreed No. of Bedrooms Days on Market No. of Viewings Wildflower AED 550,000 6 41 6 Redwood Avenue AED 460,000 5 34 3 Castellon Type, Lime Tree Valley AED 275,000 4 84 8 Muirfield, Whispering Pines AED 260,000 4 52 5 Redwood Park AED 190,000 3 20 6

ALLSOPP & ALLSOPP 2018 REPORT 17 2018 NOTABLE LETS

Dubai Marina LDubaiet Price A gSportsreed CityNo. of Bedrooms Days on Market No. of Viewings The Address Dubai Marina Let PriAEDce A g250,000reed No. of Bedr2ooms Days on M1 arket No. of 1Viewings ArenaAl M aApartmentsjara 1 AEDAED 110,000 220,000 2 3 3632 88 ArenaTride Apartmentsnt Bayside AEDAED 110,000 200,000 2 3 4334 54 TheAl MedalistMesk Tower AEDAED 105,000 200,000 2 3 2654 142 Venetian,Shemara Canal Tower Residence AEDAED 90,000 190,000 2 3 OFF-MARKET62 LISTING3 Venetian AED 88,000 2 14 3 Jumeirah Golf Estates Jumeirah Let Price Ag rLakeeed TowersNo. of Bedrooms Days on Market No. of Viewings Wildflower AED 550,000 6 41 6 Let Price Agreed No. of Bedrooms Days on Market No. of Viewings Redwood Avenue AED 460,000 5 34 3 Lake Shore Tower AED 650,000 1 43 11 Castellon Type, Lime Tree Valley AED 275,000 4 84 8 Armada Tower 1 AED 160,000 3 OFF-MARKET LISTING Muirfield, Whispering Pines AED 260,000 4 52 5 Jumeirah Bay X1 AED 140,000 2 15 1 Redwood Park AED 190,000 3 20 6 Dubai Arch Tower AED 128,000 2 OFF-MARKET LISTING Green Lake Tower 2 AED 100,000 1 11 1

ALLSOPP & ALLSOPP 2018 REPORT 18 2018 NOTABLE LETS

Jumeirah Lake Towers JumeirahLet Price A gVillagereed NCircleo. of Bedrooms Days on Market No. of Viewings Lake Shore Tower Let PriAEDce A g65,000reed No. of Bedr1ooms Days on 43Market No. of11 Viewings DistrictArmad 16a TMower 1 AEDAED 155,000 160,000 4 3 OFF-MARKETOFF-MARKET LISTINGLISTING TheJu mGhafeira hTree Bay X1 AEDAED 145,000 140,000 4 2 OFF-MARKET15 LISTING1 IndigoDuba iVille Arch Tower AEDAED 125,000 128,000 4 2 OFF-MARKET33 LISTING6 AlcoveGreen Lake Tower 2 AEDAED 94,000 100,000 2 1 3111 13 District 12T AED 80,000 1 9 3 Jumeirah Village Circle Let Price Agreed No. of Bedrooms Days on Market No. of Viewings District 16M JumeirahAED 155,000 Village Triangle4 OFF-MARKET LISTING The Ghaf Tree Let PriAEDce A g145,000reed No. of Bedr4ooms Days oOFF-MARKETn Market N LISTINGo. of Viewings District 8G AED 205,000 4 6 3 Indigo Ville AED 125,000 4 33 6 District 4E AED 160,000 2 77 6 Alcove AED 94,000 2 31 3 District 4C AED 145,000 2 OFF-MARKET LISTING DiDistrictstrict 8 Q12T AED AED140,000 80,000 3 1 OFF-MARKET9 LISTING3 District 8A AED 132,500 2 OFF-MARKET LISTING

ALLSOPP & ALLSOPP 2018 REPORT 19 2018 NOTABLE LETS

Arabian Ranches Let PricMotore Agreed CityNo. of Bedrooms Days on Market No. of Viewings Type 2, Rasha Villas Let PrAEDice A 215,000greed No. of Bed4rooms Days oOFF-MARKETn Market N LISTINGo. of Viewings TownhouseType 12, Mirador 1 AEDAED 215,000 370,000 4 7 OFF-MARKET54 LISTING12 BungalowType 4, Saheel AEDAED 200,000 330,000 4 5 OFF-MARKETOFF-MARKET LISTINGLISTING OiaType Residence B, Palmera 1 AEDAED 104,000 140,000 2 3 OFF-MARKET48 LISTING6 ShakespeareType 4E, Al ReemCircus 2 2 AEDAED 100,000 120,000 3 2 OFF-MARKET12 LISTING2 New Bridge Hills 1 AED 65,000 1 58 32

Dubai International Financial Centre Let PalmPrice Ag rJumeiraheed No. of Bedrooms Days on Market No. of Viewings Limestone House Let PrAEDice A 140,000greed No. of Bed2rooms Days on 1Market No. o11f Viewings Burj Daman AED 200,000 2 OFF-MARKET LISTING Garden Homes Frond P AED 320,000 5 67 9 Central Park Tower AED 195,000 2 OFF-MARKET LISTING Golden Mile 3 AED 270,000 5 49 7 GoldenBurj Daman Mile 7 AEDAED 220,000 175,000 3 3 OFF-MARKET12 LISTING2 ShorelineBurj Daman Apartments - Msalli AEDAED 150,000 170,000 2 2 OFF-MARKET28 LISTING6 Golden Mile 3 AED 140,000 2 OFF-MARKET LISTING

ALLSOPP & ALLSOPP 2018 REPORT 20 2018 NOTABLE LETS

Palm Jumeirah Let PricThee Ag reLakesed No. of Bedrooms Days on Market No. of Viewings Let Price Agreed No. of Bedrooms Days on Market No. of Viewings Garden Homes Frond P AED 320,000 5 67 9 Maeen 1 AED 300,000 5 16 2 TypeGolden 1E, GhadeerMile 3 1 AEDAED 225,000 270,000 3 5 OFF-MARKET49 LISTING7 DeemaGolden 1 Mile 7 AEDAED 220,000 220,000 3 3 OFF-MARKET16 LISTING3 ZulalShoreline 1 Apartments - Msalli AEDAED 195,000 150,000 3 2 OFF-MARKET30 LISTING9 ZulalGolden 2 Mile 3 AEDAED 190,000 140,000 3 2 OFF-MARKET34 LISTING3

The Meadows Let ThePrice AMeadowsgreed No. of Bedrooms Days on Market No. of Viewings Let Price Agreed No. of Bedrooms Days on Market No. of Viewings Type 2, Meadows 9 AED 280,000 4 20 3 Type 2, Meadows 9 AED 280,000 4 20 3 Type 4, Meadows 9 AED 280,000 4 33 4 Type 4, Meadows 9 AED 280,000 4 33 4 Type 14, Meadows 6 AED 230,000 4 54 6 Type 14, Meadows 6 AED 230,000 4 54 6 Type 13, Meadows 2 AED 227,000 5 51 9 TypeMeadows 13, Meadows 9 2 AEDAED 227,000 180,000 5 3 513 39 Type 3, Meadows 9 AED 180,000 3 3 3

ALLSOPP & ALLSOPP 2018 REPORT 21 2018 NOTABLE LETS

Motor City Let PTherice A gSpringsreed No. of Bedrooms Days on Market No. of Viewings Townhouse Let PricAEDe Ag 215,000reed No. of Bedr4ooms Days onOFF-MARKET Market N oLISTING. of Viewings TypeBungalow 1E, Springs 11 AED AED190,000 200,000 5 4 48OFF-MARKET LISTING8 TypeOia 3 ResidenceE, Springs 2 AED AED190,000 104,000 5 2 19OFF-MARKET LISTING4 TypeShakespeare 1E, Springs Circus 9 2 AED AED185,000 100,000 5 3 64OFF-MARKET LISTING12 TypeNew 2E, Bridge Springs Hills 2 1 AED 185,000AED 65,000 5 1 OFF-MARKET58 LISTING32 Type 4E, Springs 14 AED 125,000 3 14 6 Victory Heights Let Price Agreed No. of Bedrooms Days on Market No. of Viewings Type A, Esmeralda AEDDAMAC 435,000 Hills 6 OFF-MARKET LISTING Let Price Agreed No. of Bedrooms Days on Market No. of Viewings Type A, Carmen Village AED 375,000 4 34 12 Whitefield AED 220,000 5 34 12 Type C1, Novelia AED 210,000 5 78 11 WhitefieldType C2, Oliva AED AED210,000 175,000 5 5 40OFF-MARKET LISTING1 TheType Field 1, Estella AED AED200,000 133,000 5 4 7288 153 Brookfield AED 195,000 5 OFF-MARKET LISTING Piccadilly Green AED 185,000 3 14 6

ALLSOPP & ALLSOPP 2018 REPORT 22 2017 & 2018 AT A GLANCE

NO. OF BEDROOMS IN THE PROPERTIES LET

28% 25%2 BEDROOM 1 BEDROOM 30%2 BEDROOM 28%3 BEDROOM 1% 1% 6 BEDROOM 6 BEDROOM

13%4 BEDROOM 3%STUDIO 10%4 BEDROOM STUDIO3%

5 BEDROOM7% 5 BEDROOM9% 21%1 BEDROOM 321% BEDROOM

2017 2018 ALLSOPP & ALLSOPP 2018 REPORT 23