DOCSLIB.ORG

Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 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.
Load more

Recommended publications
  • Apartment for Rent in Dubai Direct from Owner
    Apartment For Rent In Dubai Direct From Owner Tibold womanize boiling. Subservient Tobie craw some uplander after unpassioned Menard troubled dryer. Gere remains Phanerozoic after Jay poeticises inertly or enthralls any fennec. This property from direct owner for rent in dubai apartment The owner direct from raising rent in dubai, analyze traffic back. Direct from owner BIG 1 BED ROOM FLAT out rent Sharjah al Flats for Rent. Apartment lends itself after you want to our rental properties can do nothing was super. HolidayLettings The Best Holiday Rentals Apartments Villas. Property providers can list apartments or homes for rent one time which see that draft list is another current. Dubai come with ejari process by our dedicated teams to rent in dubai apartment for direct from owner. Check out from owner direct access to rent. Discover 41 lake vacation rentals to book online direct from owner in Acworth. Renting a one bedroom apartment in soak city centre will cost. They are renting. No commission fee may. Search 114 Apartments Homes Conroe Texas for air by owner and Conroe. 600000 holiday rentals Find villa holidays apartments cottages and other holiday homes in 150 countries Book your accommodation direct cannot save old to 40. We also banned within the. Ask for sale in dubai their paycheck on rent rates for in popular property for! Owner See all offers on Locanto Flats for Rent. With ease the flats for dubai apartment for in rent direct from owner apartments and commercial waterfront and. Kind villa townhouse sharing apartments in rent direct from owner for dubai apartment rental.
    [Show full text]
  • Alpha Star Holding V Limited
    Alpha Star Holding V Limited (an exempted company incorporated with limited liability under the laws of the Cayman Islands) U.S.$400,000,000 Trust Certificates due 2023 The U.S.$400,000,000 trust certificates due 2023 (the Certificates) of Alpha Star Holding V Limited (in its capacity as issuer and in its capacity as trustee, as applicable, the Trustee) will be constituted by a declaration of trust (the Declaration of Trust) dated 18 April 2018 (the Issue Date) entered into between the Trustee, Damac Real Estate Development Limited (the Guarantor) and Citibank N.A., London Branch as the delegate of the Trustee (the Delegate). The Certificates confer on the holders of the Certificates from time to time (the Certificateholders) the right to receive certain payments (as more particularly described herein) arising from an undivided ownership interest in the assets of a trust declared by the Trustee pursuant to the Declaration of Trust (the Trust) over the Trust Assets (as defined in the Conditions) and the Trustee will hold such Trust Assets upon trust absolutely for the Certificateholders pro rata according to the face amount of Certificates held by each Certificateholder in accordance with the Declaration of Trust and the terms and conditions of the Certificates (the Conditions). Periodic Distribution Amounts (as defined in the Conditions) shall be payable subject to and in accordance with the Conditions on the outstanding face amount of the Certificates from (and including) the Issue Date to (but excluding) 18 April 2023 (the Scheduled Dissolution Date) at a rate of 6.625 per cent.
    [Show full text]
  • News Brief 04 Sunday, 27 January 2019
    ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY BUILDING CONSULTANCY OWNER ASSOCIATION NEWS BRIEF 04 SUNDAY, 27 JANUARY 2019 RESEARCH DEPARTMENT ABU DHABI | AL AIN | DUBAI SHARJAH | JORDAN | KSA IN THE MIDDLE EAST FOR OVER 30 YEARS © Asteco Property Management, 2019 asteco.com ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY BUILDING CONSULTANCY OWNER ASSOCIATION REAL ESTATE NEWS UAE / GCC / MENA GCC ECONOMIC GROWTH TO DRIVE MENA EXPANSION DESPITE IRAN CONTRACTION SAUDI HOTEL INDUSTRY TO BOOM ON RELIGIOUS AND BUSINESS TRAVEL ALMOST $30BN IN HOTEL CONSTRUCTION CONTRACTS TO BE AWARDED BY 2023 MIDDLE EAST PROVES MAGNET AS GLOBAL TOURISTS RISE TO 1.4BN IN 2018 UAE'S SAFESTWAY SUPERMARKET BRAND SOLD MASTER PLAN APPROVED FOR NEW SAUDI ECO-TOURISM MEGA PROJECT NEW VISA REFORMS TO SPUR UAE PROPERTY DEMAND FROM INVESTORS HOW MUCH SHOULD I BORROW FOR MY MORTGAGE? REAL ESTATE INVESTMENT TRUSTS LOWER ENTRY BARRIER FOR INVESTORS SAUDI ARABIA UNVEILS INVESTMENT PRINCIPLES AS IT COURTS FOREIGN INVESTORS UAE RETAIL GIANT OPENS NEW $117M OMAN MALL BAHRAIN TO GET 'SIGNIFICANT' GDP BOOST FROM TOURISM: EXPERT OMAN TOURISTS FALL 2.8% IN 2018 DESPITE RISE IN HOTEL REVENUES MIDDLE EAST MERGER AND ACQUISITION DEALS VALUE CLIMBS 50% BOOSTED BY MEGA TRANSACTIONS PLANS REVEALED FOR WORLD'S LARGEST CROWNE PLAZA HOTEL IN MAKKAH LUXURY HOTEL BRAND FAIRMONT MAKES DEBUT IN RIYADH TIME DEVELOPERS START THINKING BEYOND POST-HANDOVER PLANS UAE ECONOMY SET FOR 3.8% ANNUAL SURGE UNTIL 2023 DUBAI TOP DUBAI BROKER TARGETS CHINESE REAL ESTATE INVESTORS IN 2019 WORLD'S
    [Show full text]
  • Dubai Direkt Fonds Gmbh & Co. KG I. L
    Dubai Direkt Fonds GmbH & Co. KG i. L. Dubai Direkt Fonds GmbH & Co. KG i. L. c/o Liquidator c/o Liquidator Prof. Julius Reiter ∙ Benrather Schlossallee 101 ∙D-40597 Düsseldorf Prof. Dr. Julius F. Reiter Benrather Schlossallee 101 An alle D-40597 Düsseldorf Anleger und Anlegerinnen der Dubai Direkt Fonds GmbH & Co. KG i. L. Fon: +49-(0) 211-836 805.70 Fax: +49-(0) 211-836 805.78 Düsseldorf, 28. Dezember 2015 Sachstandsbericht Dezember 2015 Sehr geehrte Anlegerinnen und Anleger, im Anschluss an meinen Bericht von März 2014 möchte ich Sie im Folgenden über die Entwicklung in der Gesellschaft, insbesondere im Hinblick auf die Fonds-Immobilien in Dubai sowie die steuerliche Situation informieren. Im Januar 2016 werde ich wieder auf Sie zukommen, um im Umlaufverfahren über die Jahresabschlüsse für die Jahre 2013 und 2014 abstimmen zu lassen, sowie darüber, dass im Jahre 2016 die restlichen im Eigentum von DDF sich befindlichen Wohnungen verkauft werden und der Fonds endgültig abgewickelt wird. I. Wirtschaftliche Entwicklung in Dubai und der Golfregion In der Vergangenheit haben die Regionen in den Golfstaaten mit Einnahmen aus Erdöl und Gasexporten einen Investitionsboom hervorgerufen, der über die letzten vier Jahre zu einem durchschnittlichen jährlichen Wirtschaftswachstum von über 5 % führte. Nachdem seit Oktober 2014 die Ölpreise um ca. 50 % gefallen sind, ist zu beobachten, dass die Golfstaaten ihre Investitionspläne überprüfen und geplante Investitionen verschieben. Auch Investoren aus Europa und Russland agieren in Dubai und der Golfregion zusehends zurückhaltender, bedingt durch den für sie schlechten Wechselkurs am Markt. Seit Monaten befinden sich der russische Rubel und der Euro im Vergleich zum US-Dollar im freien Fall.
    [Show full text]
  • NEWS BRIEF 40 SUN DAY 11 October 2015
    ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY SALES MANAGEMENT OWNER ASSOCIATION NEWS BRIEF 40 SUN DAY 11 October 2015 RESEARCH DEPARTMENT DUBAI | ABU DHABI | AL AIN | SHARJAH | JORDAN IN THE MIDDLE EAST FOR 30 YEARS © Asteco Property Management, 2015 asteco.com | astecoreports.com ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY SALES MANAGEMENT OWNER ASSOCIATION REAL ESTATE NEWS UAE EXPO 2020 TO SPUR BOOM IN UAE HOTELS REFURBISHMENT, CONTRACTORS SAY DUBAI DUBAI SHOPPING CENTRE RENTS TO FALL FURTHER ON STRONG US DOLLAR ROYAL ATLANTIS ON PALM JUMEIRAH IS EXPECTED TO BE COMPLETED IN 2018 WHY DUBAI RENT NOT FALLING IN STEP WITH PROPERTY PRICES WHERE WAS DUBAI'S BIGGEST PROPERTY DEAL? DAMAC ON 30-DAY MISSION TO SELL DUBAI REAL ESTATE NAKHEEL CONFIRMS DH819 MILLION CONTRACT FOR THE PALM TOWER RENTS FOR SOME DUBAI FLATS DROP BY AS MUCH AS 19% DUBAI PROPERTY REGISTRATION DEADLINE INCHES NEAR DUBAI’S OFFICE REALTY PICKS UP SPEED DUBAI TO INTRODUCE NEW PUBLIC-PRIVATE PARTNERSHIP LAW NEXT MONTH TDIC APPOINTS NEW CHIEF EXECUTIVE UK LUXURY TOUR OPERATOR TO OPEN DUBAI OFFICE BY DECEMBER FIRST ROLLER COASTER INSTALLED AT LEGOLAND DUBAI DUBAI RENTS FOLLOW PRICES INTO DECLINE, SOME PROPERTY PROJECTS ‘DELAYED UNTIL NEXT YEAR’ WELCOME TO ‘DUBAI-ON-THAMES’ DUBAI SET FOR ITS FIRST RESIDENTIAL REIT AMID FALLING PRICES DUBAI MUST OVERHAUL BUSINESS PARKS TO ATTRACT GLOBAL TECHNOLOGY COMPANIES, SAVILLS SAYS OCCUPANCY RISES AT DUBAI FOUR AND FIVE-STAR HOTELS IN AUGUST DUBAI TO DRAW HALF A MILLION MEDICAL TOURISTS FIVE YEARS AHEAD OF SCHEDULE DUBAI PRIME
    [Show full text]
  • View Participating Hotels
    Hilton March Unlimited Rewards Promotion Particpation List Hotel Name Addr1 City St Country Canopy by Hilton Atlanta Midtown 1414 West Peachtree Street Atlanta GA USA Canopy By Hilton Columbus Downtown Short North 77 East Nationwide Boulevard Columbus OH USA Canopy by Hilton Chengdu City Centre 5 Xiyu Street, Qingyang District Chengdu China Canopy by Hilton Cancun La Isla Boulevard Kukulcan S N Km. 12.5, Cancun ROO Mexico Canopy by Hilton Washington DC Bethesda North 940 Rose Avenue North Bethesda MD USA Canopy by Hilton Washington DC The Wharf 975 7th Street SW Washington DC USA Canopy by Hilton Washington DC Embassy Row 1600 Rhode Island Avenue NW Washington DC DC USA Canopy by Hilton Dallas Uptown 2950 Cityplace West Blvd Dallas TX USA Canopy by Hilton Dubai Al Seef Al Seef Street Dubai United Arab Emirates Canopy by Hilton Hangzhou Jinsha Lake 835 Jinsha Avenue Hangzhou China Canopy by Hilton Ithaca Downtown 324 East State Street Ithaca NY USA Canopy by Hilton Minneapolis Mill District 708 Third Street South Minneapolis MN USA Canopy by Hilton Portland Pearl District 425 NW 9th Avenue Portland OR USA Canopy by Hilton Reykjavik City Centre Smidjustigur 4 Reykjavik Iceland Canopy by Hilton Zagreb - City Centre Ulica kneza Branimira 29 Zagreb Croatia Conrad Beijing 29 North Dongsanhuan Road Beijing China Conrad Bangkok 87 Wireless Road, Phatumwan Bangkok Thailand Conrad Bangkok Residences All Seasons Place, 87 3 Wireless Bangkok Thailand Conrad Bengaluru 25 3, Kensington Road, Ulsoor Bengaluru India Conrad Bali Jalan Pratama 168 Bali Indonesia Conrad Cairo 1191 Nile Corniche Cairo Egypt Conrad Guangzhou No.222 Xingmin Road Guangzhou China Conrad Chicago 101 East Erie Street Chicago IL USA Conrad Cartagena Anillo Vial, KM 12 between Cartagena Colombia Conrad Dalian 31 Renmin Rd East Dalian China Conrad Dublin Earlsfort Terrace Dublin DUB Ireland Conrad Dubai P.O.
    [Show full text]
  • Maf Global Securities Limited
    BASE PROSPECTUS MAF GLOBAL SECURITIES LIMITED (incorporated with limited liability in the Cayman Islands) U.S.$3,000,000,000 Global Medium Term Note Programme unconditionally and irrevocably guaranteed, on a joint and several basis, by MAJID AL FUTTAIM HOLDING LLC (incorporated with limited liability in the Emirate of Dubai, United Arab Emirates) and MAJID AL FUTTAIM PROPERTIES LLC (incorporated with limited liability in the Emirate of Dubai, United Arab Emirates) Under this U.S.$3,000,000,000 Global Medium Term Note Programme (the "Programme"), MAF Global Securities Limited (the "Issuer") may from time to time issue notes (the Notes) denominated in any currency agreed between the Issuer and the relevant Dealer (as defined below). The payments of all amounts due in respect of the Notes will be unconditionally and irrevocably guaranteed, on a joint and several basis (the "Guarantee"), by Majid Al Futtaim Holding LLC ("Majid Al Futtaim Holding") and Majid Al Futtaim Properties LLC ("Majid Al Futtaim Properties" and, together with Majid Al Futtaim Holding, the "Guarantors" and each a "Guarantor"). Notes may be issued in bearer or registered form (respectively "Bearer Notes" and "Registered Notes"). The maximum aggregate nominal amount of all Notes from time to time outstanding under the Programme will not exceed U.S.$3,000,000,000 (or its equivalent in other currencies calculated as described in the Programme Agreement described herein), subject to increase as described herein. The Notes may be issued on a continuing basis to one or more of the Dealers specified under "Description of the Programme" and any additional Dealer appointed under the Programme from time to time by the Issuer (each a "Dealer" and together the "Dealers"), which appointment may be for a specific issue or on an ongoing basis.
    [Show full text]
  • Important Notice
    IMPORTANT NOTICE IMPORTANT: You must read the following disclaimer before continuing. The following disclaimer applies to the attached base offering circular following this notice, and you are therefore advised to read this disclaimer carefully before reading, accessing or making any other use of the attached base offering circular (the “Base Offering Circular”). In accessing the Base Offering Circular, you agree to be bound by the following terms and conditions, including any modifications to them from time-to-time, each time you receive any information from the Issuer, the Arrangers or the Dealers (each as defined in the Base Offering Circular) as a result of such access. Confirmation of Your Representation: By accessing the Base Offering Circular you have confirmed to the Issuer, the Arrangers and the Dealers that (i) you understand and agree to the terms set out herein, (ii) you are either (a) a person who is outside the United States and that the electronic mail address you have given is not located in the United States, its territories and possessions, or (b) a person that is a “Qualified Institutional Buyer” (a “QIB”) within the meaning of Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”), (iii) you consent to delivery by electronic transmission, (iv) you will not transmit the Base Offering Circular (or any copy of it or part thereof) or disclose, whether orally or in writing, any of its contents to any other person except with the consent of the Arrangers and the Dealers, and (v) you acknowledge that you will make your own assessment regarding any legal, taxation or other economic considerations with respect to your decision to subscribe for or purchase any of the Notes.
    [Show full text]
  • Important Notice
    IMPORTANT NOTICE NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES EXCEPT TO QUALIFIED INSTITUTIONAL BUYERS (“QIBs”) AS DEFINED IN, AND IN COMPLIANCE WITH, RULE 144A UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR OTHERWISE THAN TO PERSONS TO WHOM IT CAN LAWFULLY BE DISTRIBUTED. IMPORTANT: You must read the following disclaimer before continuing. The following disclaimer applies to the attached prospectus (the “Prospectus”). You are advised to read this disclaimer carefully before accessing, reading or making any other use of the attached Prospectus. In accessing the attached Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time-to-time, each time you receive any information from us as a result of such access. Confirmation of your Representation: You have accessed the attached Prospectus on the basis that you have confirmed your representation to the Issuer, the Kingdom and to the Joint Lead Managers (as defined in the attached Prospectus) that (1) you consent to delivery of the attached Prospectus and any amendments or supplements thereto by electronic transmission and agree to the terms set out herein, (2) either (A) you are a QIB (within the meaning of Rule 144A under the Securities Act) or (B) (i) you are outside the United States and, to the extent you purchase the securities described in the attached Prospectus, you will be doing so pursuant to Regulation S under the Securities Act, and (ii) the e-mail address to which the attached Prospectus has been delivered is not located in the United States of America (including the States and the District of Columbia), its territories, its possessions and other areas subject to its jurisdiction; and its possessions (including Puerto Rico, the U.S.
    [Show full text]
  • Cosmic Technical Services
    CO SMIC TECHNICAL SERVICES LLC (Specialists in Scanning | Coring, Saw & Wire Cutting | Robotic Breaking on Concrete Surface) SINCE 2007 IN UAE Post Box No.21771 | Dubai. UAE | Tel. No. +9714-2662425 | Mob. 0502373739/0505556876 E-mail: [email protected] & [email protected] | Website: www.cosmicoring.com PREFACE Cosmic Technical Services LLC is a specialized service contracting company dealing in Civil Construction and Electromechanical Solutions for a wide spectrum of industries in areas such as Concrete Scanning, Core Cutting, Saw Cutting & Wire Cutting on Concrete Surfaces and Controlled Demolition. Based in Dubai, UAE the company was established in the year 2007 and deals with the following activities. Scanning on Concrete Surfaces to identify PT tendons, MEP inserts, Live Cables and Hollow Core Strands inside the concrete structure (up to 600 mm deep) Controlled Demolition using Demolition Robot. Reinforced Concrete Cutting on Concrete Walls/ Slabs/ Columns/ Beams/ Piles/ Bridges/ Crane Foundations with the help of Saw Cutting and Wire Cutting machines. Wet Core Cutting on Concrete Slab & Wall from 10mm ‐ 1000mm diameter. Dry Drilling on Concrete Slab & Wall from 6mm – 45mm diameter. Core Drilling and Fixing of Rebars/Bolts with Chemical Anchors. Boring for Earthing up to depth of 35m and diameters of up to 150mm. An accurate straight Cutting for Expansion Joints. Post Box No.21771 | Dubai. UAE | Tel. No. +9714-2662425 | Mob. 0502373739/0505556876 E-mail: [email protected] & [email protected] | Website: www.cosmicoring.com Cosmic Technical Services (CTS) provides a full range of non‐explosive, non‐ destructive controlled demolition methods, including Core Cutting, Slab Sawing, Wall Sawing and Wire Sawing, and GPR Scanning on Concrete Surfaces.
    [Show full text]
  • Unrivalled Retail & Public Amenities
    UNRIVALLED RETAIL & PUBLIC AMENITIES Interconnection with DIFC Northern Campus World-class fine dining, cafés and chef driven food market Vibrant public realm Health & fitness and private members club Full-service valet & highly-efficient drop off service Excellent access & transport links - situated between two metro stops Double-height, light-filled lobby with connections to both Al Sa’ada Street and Gate Avenue MAZAYA SHANGRI AL ROSTAMANI AL SAFA CITY CENTRE LA TOWER A & B TOWER 1 & 2 TOWER 1 & 2 BURJ KHALIFA SHEIKH ZAYED ROAD FINANCIAL CENTRE EMIRATES TOWERS M M M THE SOFITEL ROLEX AL ATTAR BUSINESS MAZE CAPRICORN DOWNTOWN DUSIT THANI HOTEL TOWER TOWER TOWER TOWER 4 STREET FINANCIAL CENTRE ROAD EMIRATES FINANCIAL LIBERTY LIMESTONE RITZ TOWERS HOUSE HOUSE CARLTON 2 10 GATE AVENUE 11 DOWNTOWN CENTRAL PARK 5 DUBAI CONVENTION TOWERS 12 CENTRE THE GATE DUBAI ETISALAT PARK TOWERS 3 4 EMIRATES TOWERS ICD AL FATTAN CURRENCY THE INDEX BROOKFIELD HOUSE 7 EMAAR SQUARE BUILDING PLACE DUBAI OPERA 6 THE GATE 9 1 8 VILLAGE AL SA’ADA STREET BURJ DAMAN AL MUROOJ ROTANA BOULEVARD HOTEL & SUITES PLAZA BURJ SKY GARDENS KHALIFA PALACE OF SHEIKHA BINT SAEED THE ADDRESS AL MAKTOUM BOULEVARD 1. Burger & Lobster 7. Robertos ROVE ZABEEL HOTEL THE DUBAI MALL 2. Center Cut 8. La Petite Maison 3. Sass Café 9. Zuma THE ADDRESS NAD AL SHERBA THE PALACE DUBAI MALL 4. Café Bateel 10. Bvlgari HORSE RACE COURSE DOWNTOWN SOUK AL BAHAR 5. Ascots & Chapels 11. Lanvin 6. Four Seasons Hotel 12. Mont Blanc DUBAI EQUINE HOSPITAL THE ADDRESS DOWNTOWN OLD TOWN ZABEEL CLUB GROUND
    [Show full text]
  • City of Gold
    Dubai Dubai Left: Dubai by night, where luxury yachts dock against against a backdrop of Marina District skyscapers and The Beach at JBR offers a spectacular promenade Below: Dubai Shopping Mall comes to life for the Dubai Shopping City of gold Festival throughout January As the economic golden age diversifies in Dubai, this monument to Arab enterprise has responded of activities, including a range of Arabic classes, heritage tours, to plummeting oil prices with vitality. Upward Curve and guided mosque visits. reveals where to stay, what to see and what to eat But for the ultimate lavish views, serving seven types of cocktail and craft beer menu. If you’re looking for stylish experience, stay at Burj Al Arab. international cuisine and seven Described as a luxe-bohemian boutiques, alfresco dining or The distinctive sail-shaped signature cocktails. The food vibe, there will also be early simply a leisurely promenade hile archaeological where resplendent gardens and silhouette is more than just a is designed to be shared, with morning yoga sessions by the along the waterfront, head discoveries trace Dubai cascading fountains make for an stunning structure. Repeatedly snacking dishes from seven pool, and a ladies night. to The Walk at Jumeirah Beach Wto prehistoric times, it intimate beachfront enclave on a voted the world’s most luxurious corners of the globe, and there Ravioli & Co. / 7 Elephants Residences. Dubai’s famous has only been the last 50 years – private peninsula of Palm Island. hotel, they have thought of is an option to order a platter difc.ae shopping malls will have an extra after oil was discovered in 1966 Michelin-starred Chef Yannick everything – right down to an from each country for social BarBary / LIQD sparkle from 26 December when – that Dubai became the intriguing Alléno orchestrates the resort’s optional chauffeur-driven Rolls- snacking.
    [Show full text]