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OF
DubaiDubai
The signs of evolution…The signs of evolution…
The changing skyline1970s
2006
The changing marketThe changing market
1970s2006
The changing environment
1970s
2006
The changing wheelsThe changing wheels
1970s
2006
The changing sportsThe changing sports
1970s
2006
The changingtowers
1970s
The future
GDP at Factor Costs (Approx.)
G D P of Dubai - AED 137.4 Billion is expected to be 190.3 Billion by 2010
Non – Oil - AED 130.6 Billion
Real Estate - Over AED 14 Billion
ECONOMIC INDICATORS – 2005ECONOMIC INDICATORS – 2005
POPULATION :
1. Dubai - 1.3 Million and is expected to be 2.1 Million by 2010
2. UAE - 4.1 Million
3. % of Growth in population of Dubai – 12%
* An approximate estimate based on a secondary Data
ECONOMIC INDICATORS – 2005ECONOMIC INDICATORS – 2005
Trading
Construction
ManufacturingIndustries
Restaurants &Hotels
Transport &Communication
Others
TRADING25%
CONSTRUCTION 25%
OTHERS26%
MANUFA
CTURIN
G
INDUST
RIE
S
12%
RESTAURANTS &
HOTELS 6%
TRANSPORT
6%
(EMPLOYMENT BY SECTORS)
* An approximate estimate based on a secondary Data
ECONOMIC INDICATORS – 2005ECONOMIC INDICATORS – 2005
Passenger movement in Dubai – 25 Million and is expected to be 60 Million by 2010
* An approximate estimate based on a secondary Data
By 2015 with the completion of the USD 33 billion Dubai World Central passenger
handling capacity will increase to 120 million passengers and 12 million tonnes
of Cargo annually.
DUBAI AIRPORT STATISTICS - 2005
Tourist Population – 6 Million and is expected to be 15 Million by 2010
Growth of Passenger Traffic – In Last 10 years – Singapore 50%Dubai 500%
Cargo Movement – 1.3 Million Tonnes Per Annum
No. of Air Craft Movement – 217,165
DUBAI WORLD CENTRAL :
DUBAI – Various Developments
The Progress…The Progress…
The turning point – launch of Dubai The turning point – launch of Dubai Marina and Emirates Hills - 99-year Marina and Emirates Hills - 99-year leasehold.leasehold.
Turn of the millennium Dubai announced Turn of the millennium Dubai announced various large scale projects and ventures.various large scale projects and ventures.
The next step in 2002 - announcement of The next step in 2002 - announcement of freehold ownership.freehold ownership.
Investment in Dubai’s Real Estate is over AED 150 billion, between 2005- 2006.
DeveloperDeveloper Major DevelopmentsMajor Developments Market Spending (AED)Market Spending (AED)
NAKHEELNAKHEEL 1010 AED 45 billionAED 45 billion
Dubai HoldingDubai Holding 1111 AED 25.5 billionAED 25.5 billion
EMAAREMAAR 1111 AED 25 billionAED 25 billion
Other Private Sector Other Private Sector DevelopersDevelopers __ AED 50 billionAED 50 billion
REAL ESTATE FACTS
* An approximate estimate based on a secondary Data
50% of UAE Bank’s profits in the year 2005 came from either Investment or Funding in Real Estate.
* An approximate estimate based on a secondary Data
REAL ESTATE FACTS
USD 45 billion has been disbursed for various projects funding
Over AED 22 billion is allocated by Govt. of Dubai on Infrastructure Development, in the medium term
AED 4 Billion Metro Rail Project under way and the first phase is expected to be completed by 2009
30,000 Visas / Day (including Tourist, Work, Residence, Transit etc..)
Of which 15,000 Visas are issued by Internet
6000 e – Cards / Month or 72,000 / year
On an average 7500 residents / month – add to the demand for Residential Properties in Dubai.
There by Creating a demand of 90,000 homes / year and consequent requirement of offices & Retails space.
INTRESTING FACTS ON INTRESTING FACTS ON THE INFLOW TO DUBAITHE INFLOW TO DUBAI
* An approximate estimate based on a secondary Data
DIFC, DIFX, DFSA, DFM,DHCC, DMCC, DDE,
DTTC, DGCX, DME, DWC, DAE, DIC, ACADEMIC
CITY, DOZ, DUBIOTECH,IMPZ,DSC,DU, DSO…
Through the above missions, an estimated 250,000 jobs is expected to be created over the next 5 years.
THE VARIOUS MISSIONS OF THE THE VARIOUS MISSIONS OF THE
VISIONARY GOVERNMENTVISIONARY GOVERNMENT
* An approximate estimate based on a secondary Data
MASTER DEVELOPMENTMASTER DEVELOPMENTEstimated No. of Estimated No. of Residential Units Residential Units (Approximately)(Approximately)
DIFCDIFC 2,0002,000
BURJ DUBAIBURJ DUBAI 30,00030,000
BUSINESS BAY (Phase I & II) (230 Tower)BUSINESS BAY (Phase I & II) (230 Tower) 25,00025,000
JUMEIRAH LAKE TOWERSJUMEIRAH LAKE TOWERS 28,00028,000
DUBAI MARINA / J B RDUBAI MARINA / J B R 32,00032,000
ARABIAN RANCHESARABIAN RANCHES 3,6913,691
GREENSGREENS 1,3001,300
EMIRATES HILLS, SPRINGS, MEADOWS, LAKESEMIRATES HILLS, SPRINGS, MEADOWS, LAKES 5,9605,960
PALM JUMEIRAHPALM JUMEIRAH 7,5007,500
JUMEIRAH VILLAGEJUMEIRAH VILLAGE 5,0005,000
JUMEIRAH ISLANDSJUMEIRAH ISLANDS 910910
DISCOVER GARDENSDISCOVER GARDENS 26,00026,000
IMPZIMPZ 12,00012,000
SPORTS CITY (Phase – I)SPORTS CITY (Phase – I) 7,0007,000
CITY OF ARABIACITY OF ARABIA 2,5002,500
SILICON OASISSILICON OASIS 8,0008,000
INTERNATIONAL CITYINTERNATIONAL CITY 21,00021,000
LAGOONS (Phase – I)LAGOONS (Phase – I) 5,0005,000
TOTALTOTAL 222,861*222,861*
DEVELOPMENTS PLANNEDBETWEEN 2004 – 2012 IN DUBAI
* An approximate estimate based on a secondary Data
11501500
2200 2300
3750
12500
0
2000
4000
6000
8000
10000
12000
14000
Pri
ce/S
q.
ft i
n A
ED
DUBAI MUM SIN SEOUL LON HONG
MUM - Mumbai
SIN - Singapore
LON - London
HONG- Hongkong
COMPARISION OF RESIDENTIAL PROPERTY PRICES OF IMPORTANT CITIES IN THE WORLD
* An approximate estimate based on a secondary Data
10%
7%
5% 5%
4%
2%
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
% o
f G
ross
Ren
tal
Yie
lds
/ A
nn
um
DUBAI MUM SIN LON SEOUL HONG
MUM - Mumbai
SIN - Singapore
LON - London
HONG - Hongkong
COMPARISION OF RENTAL YIELDS OF IMPORTANT CITIES IN THE WORLD
* An approximate estimate based on a secondary Data
NEW AVENUES IN REAL ESTATE INVESTMENT
REITS (Real Estate Investment Trusts)REITS (Real Estate Investment Trusts)
Property Funds – From WESTProperty Funds – From WEST
CONDO Offices / Rental PoolCONDO Offices / Rental Pool
Real Estate – Steady, good and continuous returns unlike other instruments
Owning an asset in one the fast growing cities in the world and a future world capital
Safety and political stability
Flexible mortgage options available
NOW IS THE TIME TO INVEST
We have to make history and approach the
future with steady steps, not wait for the
future to come to us
ByHis Highness Sheikh Mohammed bin Rashid Al Maktoum