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OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

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Page 1: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

OF

Page 2: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

DubaiDubai

The signs of evolution…The signs of evolution…

Page 3: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

The changing skyline1970s

2006

Page 4: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

The changing marketThe changing market

1970s2006

Page 5: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

The changing environment

1970s

2006

Page 6: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

The changing wheelsThe changing wheels

1970s

2006

Page 7: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

The changing sportsThe changing sports

1970s

2006

Page 8: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

The changingtowers

1970s

The future

Page 9: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

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

Page 10: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

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

Page 11: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

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 :

Page 12: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

DUBAI – Various Developments

Page 13: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

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.

Page 14: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

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

Page 15: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

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

Page 16: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

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

Page 17: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

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

Page 18: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

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

Page 19: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

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

Page 20: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

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

Page 21: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

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

Page 22: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

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

Page 23: OF Dubai Dubai The signs of evolution… The changing skyline 1970s 2006

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