TIMMINT MI - UAE Construction & Real Estate Weekly Report (Issue 2014-18)

UAE CONSTRUCTION & REAL ESTATE
Weekly Report
Issue - 2014 Week 18
25 to 01 of May, 2014

TIMMINT Market Intelligence Weekly Report 25-01 May 2014
2
From:
TIMMINT
Market Intelligence
To:
Whom it may concern
Subject:
Weekly Status Report,
UAE Construction and Real
Estate Industry
Issue Year 2014, Week 18
Report Sections Page
UAE CONSTRUCTION
& REAL ESTATE NEWS
2
DUBAI REAL ESTATE
INDEX
6
Abu Dhabi REAL
ESTATE INDEX
7
MARKET
PERFORMANCE
9
WEEKLY TENDERS 10
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account of work sponsored by the
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been obtained from published
sources and is given as of the dates
specified. All the information in this
publication is verified to the best of
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but neither the company nor the
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assumes any legal liability or
responsibility for the accuracy
completeness or the results of such
use of the information. All such
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without notice.
UAE CONSTRUCTION & REAL ESTATE NEWS
Abu Dhabi approves $10.1bn infrastructure deals
he Expo 2020 master plan remains on track as per an updated progress report by
authorities. Plans have been drafted with a target date for all major construction
activities to be completed on site by October 2019, allowing for a full year of readiness
testing across networks, systems and technologies.
When unveiled upon completion, the project will include three zones, catering close to 250
participants. Dubai Expo 2020, which will run from October 20, 2020 to April 10, 2021, is also
pushing forward a one country-one pavilion policy.
One of the first main deliverables is the submission of the mandatory Registration Dossier by
2015 to BIE, which will include more in-depth content across key topics presented in the bid
document. In the early part of next year, following finalisation of the detailed master planning,
site readiness activity will commence on the Dubai Trade Centre-Jebel Ali site to prepare for full-
fledged construction after BIE approval.
Detailed master plan The 438-hectare site that includes a
dedicated gated 150-hectare Expo area, and a surrounding
residential, hospitality and logistics zone, will play host to
the 25 million visitors expected at Dubai Expo 2020. Expo
Village, a residential community development providing full-
time housing facilities for staff from participating countries
working on site, will target completion by 2018, following
which pavilion construction activities will start.
Theme and layout With the theme ‘Connecting Minds,
Creating the Future’ at its core, organisers aim to integrate
the three sub-themes of Mobility, Sustainability and
Opportunity, which will converge at the central Al Wasl
Plaza. At its peak, the Dubai Expo 2020 exhibition site is
designed to accommodate up to 300,000 visitors, with
average weekday attendance expected at 153,000.
Transport and Metro extension An extension to the
existing Dubai Metro Red Line will be constructed along
with a dedicated station on the Expo site to encourage
maximum usage of public transport systems. Additionally,
a bespoke zero-emission bus service will transport visitors
to and from the Expo from pick-up points throughout the
UAE, situated in key hotel and major population areas.
Sustainability Organisers are also keen to supply at least 50 per cent of the Expo Site’s energy
needs over its six-month duration with energy from renewable sources. Organisers state, in the
next six years, over 275,000 jobs are estimated to be created across the region to service the
Expo. The Expo committee states preliminary estimates indicate that the economic impact
generated by the event between now and 2021 will be approximately €17.7 billion.
T
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Source: emirates247.com

3
UAE steel market bracing for spirited run to Expo
2020
AE steel market might be in for turnaround in the coming years. Unending agony of
this region after the 2008 collapse, subsequent political crisis in MENA nations and
currency volatility in Turkey has taken heavy toll of the demand recently.
Once considered as the biggest demand driver for long steel mills in Turkey and CIS had come to
stagnancy as the reality sector crumbled under the weight of credit and infrastructure projects
dried up owing to lack of liquidity.
However the clock seems to be reversing during the last 6 months with demand
kindling from the infrastructure and construction sector. Even though it is not even a
pale shadow of the 2007-2008 levels nonetheless encouraging trend has emerged.
Dubai will host World Expo 2020 which brings with it concomitant hectic preparation.
Construction and infrastructure is slated to pick up majorly. It is expected that preparations for
the event will boost consumption of steel products, mainly long steel, by 20-25% in the next few
years.
The main projects are to start in 2015 and will allegedly cost the UAE government at least USD 8
billion. Grandiose plans to build new exposition centers, hotels, roads, bridges, one more airport
and extend its metro line are few to mention in Dubai. Significantly UAE has enhanced
production capacity in the recent past . However most of these mills have been operating at low
capacity utilization due to lack of demand. The country's rebar capacity is 4.28 million t, with only
3.1 million t in operation now. Some plants ran at 70-75% in 2013.
As the demand increases these mills will reach full capacity but even this won’t suffice. Turkish
mills can have feast supplemented by currency stability. The UAE imported 1.09 million t of
Turkish rebar against 1.01 million t in 2012 which is expected to gallop 2015 onwards once the
construction activity goes in full swing.
Source: steelguru.com
Dubai to host 12th OMAINTEC conference,
exhibition
ubai will host the 12th Operations and Maintenance
Conference in the Arab Countries (OMAINTEC) under
the theme of “Maintenance towards Globalisation”
from 18-20 May, 2014 at Atlantis The Palm Hotel & Resort in
Dubai. The conference aims to provide an opportunity for experts and specialists in the fields of
operations and maintenance in the Arab countries and their counterparts from developed
countries to exchange ideas and experiences in order to develop the sector in the region.
Besides the conference, the 12th Arab Maintenance Exhibition will take place this year within the
FM Expo exhibition in Dubai World Trade Centre from 19-21 May, 2014. Major companies like
Saudi Oger and the Bin-Ladin Group will be making their presence felt at this exhibition.
U
D
Source: ArabianIndustry.com

4
Occupancy in UAE hotels reaches 84% in March
otels in the UAE saw occupancy rise 1.1 per cent to 84 per cent during March, compared
to the corresponding period a year ago. However, visitors payed slightly lower room
rates, according to STR Global, a provider of hotel data.
The average daily rate (ADR) in the country touched Dh871.91, down 0.2 per cent, while revenue
per available room (RevPAR — a benchmark for performance) stood at Dh732.67.
In the last few months, brands such as Warwick International Hotels have opened properties in
the UAE. Sofitel Dubai Downtown’s opening will follow next month.
The UAE has 120 hotels in the pipeline with 34,671 rooms, according to the STR Global
Construction Pipeline Report for March.
Occupancy was “over 80 per cent” in Dubai’s hotels during March, according to Elizabeth Winkle,
managing director of STR Global. STR Global forecast the emirate’s hotel occupancy to reach 83.7
per cent in April.
In the two months that follow, occupancy could drop by 4 to 5 per cent due to the runway
repairs at Dubai International Airport, Philip Wooller, area director for the Middle East and Africa
at STR Global, told Gulf News. The repair work, which will start on May 1, is expected to reduce
the number of flights at the airport by 26 per cent.
Meanwhile, hotels in the Middle East and Africa saw occupancy reach 66.9 per cent last month,
marking a 0.7 per cent decline, while ADR reached $178.18 (Dh654.45) and RevPAR touched
$119.19. During the first quarter, the region’s hotel occupancy rose 1.2 per cent to 65.5 per cent.
ADR, meanwhile, was $179.74 and RevPAR was $117.72, marking an increase of 2.9 per cent and
4.2 per cent, respectively.
Occupancy in Beirut, Lebanon’s hotels reached 38.9 per cent, plummeting 25.1 per cent — the
largest drop in the region. RevPAR, meanwhile, was down 29.8 per cent to $54.45.
Elsewhere in the region, hotels in Egypt posted an occupancy of 43.7 per cent, which was down
18.8 per cent, while RevPAR was EGP198.11, marking a 20 per cent drop.
In Saudi Arabia’s hotels, occupancy was 71.1 per cent, which declined 1.3 per cent, and RevPAR
was 507.29 Saudi riyals (Dh496.60).
Source: gulfnews.com
H

5
Tender planned at $1.5bn tunnel enhancement
program in Abu Dhabi
H2M Hill is to issue tender documents in
the next month or so for two large regional
odour control facililties at the $1.5bn
Strategic Tunnel Enhancement Program (STEP) in
Abu Dhabi, set to be one of the world's largest
wastewater systems when it's commissioned in late
2015.
The program will feature three key components, a
41km-long deep sewer tunnel, 43km of smaller diameter link sewers, and a 30m³ per second
capacity pumping station located at the end of the deep tunnel sewer. Link sewers will be used
to intercept the flows from existing gravity sewers upstream of the existing pumping stations.
The flows will be channelled by gravity via the deep tunnel sewer to the main pumping station,
then lifted to central wastewater treatment facilities.
Back in 2011, CH2M Hill was engaged by pumping station contractor Odebrecht Construction to
provide design and constructing supervision, and permitting and authority approvals.
Richard Bryant, business development lead facilities & urban environments, MENAI region, for
CH2M Hill, said it had closed out Contracts T-02 and T-03 – the two Impregilo deep tunnel
contracts – and T-01 will be completed by the end of this year. All 41km of deep tunnels have
been excavated without a single incident – the last breakthrough was last October. T-01 is now
approximately 50% through the secondary lining.
Richard Bryant, business development lead facilities & urban environments, MENAI region, for
CH2M Hill, said it had closed out Contracts T-02 and T-03 – the two Impregilo deep tunnel
contracts – and T-01 will be completed by the end of this year.
All 41km of deep tunnels have been excavated without a single incident – the last breakthrough
was last October. T-01 is now approximately 50% through the secondary lining.
He said: “Over 50% of the 43km of link sewer has been pipejacked – the two
Zublin contracts should be complete by mid 2015 – although there is now an
additional 3.1m internal diameter section of link sewer connecting Al Reem
Island into the system, which will extend the completion of contract LS-01 to
the end of 2015.
“We have nine TBMs (tunnel boring machines) of varying sizes on the link
sewers, so with the eight TBMs on the deep tunnel contracts, we have used a
total of 17 TBMs on the programme.”
Source: ArabianIndustry.com
C

6
DUBAI REAL ESTATE INDEX
Dubai Real Estate Sector Performance:
The chart for Dubai Real Estate Index illustrate the global performance of all Dubai real estate companies in the stock market for
a period of one year, showing a year to date change of (+86.89%)
Real Estate Index - Year to Date Figures
Index as of 31 Dec Current Index YTD Change Indicator % Change
6,987.72 13,059.63 6,071.91 86.89%
Real Estate Index - 52 Weeks Price
High Date Low Date Current Price
13,473.36 24/4/2014 2,933.61 4/6/2013 13,059.63
Real Estate Index (one year)
Real Estate Index (last Week)
DFM Index (one year)
DFM Index (last week)

7
ABU DHABI REAL ESTATE INDEX
Abu Dhabi Real Estate Sector Performance:
The chart for Abu Dhabi Real Estate Index illustrate the global performance of all Abu Dhabi real estate companies in the stock
market for a period of one year, showing a year to date change of (+47.94%)
Real Estate Index - Year to Date Figures
Index as of 31 Dec Current Index YTD Change Indicator % Change
4,668.16 6,905.97 2,237.81 47.94%
AD Real Estate Index (one year)
AD Real Estate Index vs. AD Index (One Year - %)
--- Abu Dhabi Real Estate Index (ADRE) --- Abu Dhabi Index (ADI)

8
The charts below show the positioning of the Real Estate sector among the other sectors in Dubai and Abu Dhabi Stock Markets.
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Banks
26%
Investment &
Financial
Services
12%
Real Estate
19%
Telecommuni
cation
7%
Insurance
7%
Energy
5%
Industrial
9%
Consumer
Staples
6%
Services
9%
Abu Dhabi Market
Banks
9%
Fin. /
Invest.
24%
Insurance
9%
Real Estate
46%
Transport.
3%
Industrials
1%
Consumer
Staples
2%
Telecom
3%
Services
3%
Dubai Market

9
MARKET PERFORMANCE
The table hereunder reflects the performance of the listed Real Estate and construction companies in the Dubai stock market
during the last week.
Dubai Real Estate & Construction Companies (last week)
Companies
Previous
Closing
Close High Low
Price Change No. of
Trades
Volume Value
Value %
Al Mazaya Holding Company 1.34 0.00 1.54 0.00 0.20 14.93 1 106 163
Arabtec Holding PJSC 8.74 9.07 9.26 8.74 0.33 3.78 8,207 227,586,362 2,050,431,948
Deyaar Development PJSC 1.68 1.64 1.72 1.59 0.04 2.38 2,556 258,565,874 430,363,806
Drake & Scull International P.J.S.C 1.74 1.68 1.75 1.64 0.06 3.45 973 76,238,326 128,859,686
Emaar Properties PJSC 10.80 9.83 11.20 9.69 0.97 8.98 4,013 101,250,396 1,087,974,961
National Industries Group Holding (S.A.K.) 3.20 4.07 4.07 0.00 0.87 27.19 6 11,000 36,535
Union Properties PJSC 2.65 2.60 2.67 2.35 0.05 1.89 4,636 261,327,658 659,329,875
National Cement Company (P.S.C.) N/A N/A 3.83 3.83 N/A N/A N/A N/A N/A
The tables hereunder reflect the performance of the listed companies in the real estate sector followed by the listed companies
in the cement and construction sector in Abu Dhabi stock market during the last week.
Abu Dhabi Real Estate Companies (last week)
Companies
Previous
Closing
Close High Low
Price Change No. of
Trades
Volume Value
Value %
ALDAR Properties PJSC 4.30 4.02 4.40 3.97 0.13 3.23 6,210 353,051,015 1,471,770,533
Eshraq properties Co. 2.49 2.46 2.64 2.13 0.07 3.27 4,738 463,306,575 1,126,156,673
RAK Properties 1.27 1.25 1.35 1.23 0.05 3.94 1,336 119,055,320 153,772,228
Abu Dhabi Cement and Building Companies (last week)
Companies
Previous
Closing
Close High Low
Price Change No. of
Trades
Volume Value
Value %
Abu Dhabi National Co. for B and M 1.2 1.13 1.19 1.11 0.05 4.42 54 1,447,897 1,664,669
Arkan Building Materials Co. 2.58 2.43 2.50 2.31 0.03 1.25 34 455,034 1,114,225
Fujairah Building Industries P.S.C. 1.6 N/A N/A N/A N/A N/A N/A N/A N/A
Fujairah Cement Industries 1.23 1.23 1.23 1.23 N/A N/A 1 5,000 6,150
Gulf Cement Co. 1.49 1.54 1.54 1.45 0.04 2.72 80 3,941,213 5,801,650
Ras Al Khaimah Cement Company 1.52 1.43 1.53 1.42 0.04 2.80 73 3,862,211 5,734,339
Ras Al Khaimah Ceramic Co. 3.64 3.80 4.00 3.50 0.09 2.37 95 11,147,942 44,183,743
Ras Al Khaimah White Cement 1.82 1.89 1.80 1.71 0.09 5.00 6 190,200 343,656
Sharjah Cement and Industrial Development
Co.
1.18 1.19 1.20 1.16 0.01 0.85 15 907,653 1,067,664
Umm Al-Qaiwain Cement Industries Co. 1.29 1.29 1.29 1.23 N/A N/A 2 98,600 124,878
Union Cement Co. 1.46 N/A N/A N/A N/A N/A N/A N/A N/A

10
The chart below shows the top 5 companies with the highest percentage change of price in the
real estate and construction sectors in both markets during the last week.
Weekly % Change of Price - Top 5 Companies
The chart below represents the top 5 companies by volume in the real estate and construction
sectors in both markets during the last week.
Most Active by Volume - Top 5 Companies (last week)
27.19
14.93
8.98
5 4.42 3.94 3.78
0
5
10
15
20
25
30
National
Industries
Group Holding
(S.A.K.)
Al Mazaya
Holding
Company
Emaar
Properties
PJSC
Ras Al
Khaimah
White Cement
Abu Dhabi
National Co.
for B and M
RAK Properties Arabtec
Holding PJSC
0
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000
300,000,000
350,000,000
400,000,000
450,000,000
500,000,000
Eshraq
properties
Co.
ALDAR
Properties
PJSC
Union
Properties
PJSC
Deyaar
Development
PJSC
Arabtec
Holding PJSC
RAK
Properties
Emaar
Properties
PJSC

11
WEEKLY TENDERS
Here is a list of the live tenders:
N: Issue Date Bid Due Date Title Issuer Sector
1 4/18/2014 5/5/2014 Maintenance Haritha Bin
Ministry of Public Works -
UAE
Governmental Institutions:
Ministries and Municipalities
2 4/18/2014 5/5/2014 Maintenance and Additions to Shaimaa School
UAE
3 4/18/2014 5/5/2014 Maintenance and Additions to the Mosque
UAE
4 4/18/2014 5/5/2014 Maintenance of School
UAE
5 4/18/2014 5/5/2014 Maintenance and Additions to Khawla School
UAE
UAE
7 4/18/2014 5/5/2014 Maintenance and Additions to Umm School
UAE
8 4/18/2014 5/5/2014 School Maintenance Flower of Cities
UAE
UAE
10 4/18/2014 5/5/2014 Maintenance and Additions to School
UAE
11 4/19/2014 5/8/2014
Provision of Training Module on Using Spatial
Planning Techniques
International Renewable
Energy Agency
Services: Associations
12 4/23/2014 5/12/2014
Supply, Installation, Operation and Replacement of
Central AC
Ministry of Interior - UAE
13 4/22/2014 5/22/2014 Remove and Replace Aluminium Composite Panels
Dubai Electricity and Water
Authority
Regulatory and Administrative
Bodies
14 4/22/2014 5/5/2014 Maintenance of Dubai Immigration Main Office
Dubai - Naturalization and
Residency Administrator
International Organizations
15 4/22/2014 5/28/2014 Design and Build of the Boardwalk and Piers Nakheel
Real Estate: Landlords and
Developers
16 4/22/2014 5/20/2014
Restaurant Buildings and Associated Infrastructure
Works
Nakheel
Developers
17 4/22/2014 5/20/2014 Construction of Retail Center Nakheel
Developers
18 4/23/2014 5/6/2014 Repair of Fabric of Area-1, 18mx5.5m, of Car Parking Dubai Health Authority
Regulatory and Administrative
Bodies
19 4/23/2014 5/14/2014 Installation of New Gas Piping Network
UAE
20 4/23/2014 5/14/2014 Construction of Hospital
Environment Agency - Abu
Dhabi
21 4/23/2014 5/26/2014 Construction of Road Nakheel
Developers
22 4/23/2014 5/29/2014
Implement the Project of Community Sports
Facilities
Abu Dhabi Sports Council
(ADSC)
Education: Vocational Trade
Education
23 4/23/2014 5/29/2014
Implement the Project of Community Sports
Facilities
(ADSC)
Education
24 4/23/2014 5/29/2014 Implement the Project of the Sports Academy
(ADSC)
Education

12
25 4/25/2014 5/15/2014 Provision of Power and Cooling Enhancement
Emirates Telecommunications
Corporation
Telecommunications:
Telecommunications Services
26 4/25/2014 5/14/2014 Provision of Power ft Cooling Enhancement
Corporation
Telecommunications:
27 4/25/2014 5/14/2014 Supply of Power and Cooling Enhancement
Corporation
Telecommunications:
28 4/25/2014 5/15/2014 Power and Cooling Enhancement
Corporation
Telecommunications:
29 4/25/2014 5/26/2014 Infrastructure for Third Party Plots Nakheel
Developers
30 4/26/2014 5/13/2014 Maintenance of Bidiya School
UAE
31 4/26/2014 5/13/2014 Provision of School Spent the Maintenance
UAE
32 4/26/2014 5/13/2014 Provision of Jasmine Maintenance Kindergarten
UAE
33 4/26/2014 5/13/2014 Provision of Maintenance Day Kindergarten
UAE
34 4/26/2014 5/13/2014 Maintenance of Anfal Kindergarten
UAE
35 4/26/2014 5/13/2014 Maintenance of Kindergarten Delight
UAE
36 4/26/2014 5/13/2014 Additions to the Building
UAE
37 4/26/2014 5/13/2014 Provision of Bottoms Maintenance School
UAE
38 4/26/2014 6/4/2014
Creation and Delivery of Building Civil Defense
Department
UAE
39 4/26/2014 6/4/2014 Create and Accomplish Center Building
UAE
40 4/26/2014 5/13/2014
Provision of Maintenance School Riffa Secondary
School
UAE
41 4/26/2014 5/13/2014 Maintenance of Muhallab School
UAE
42 4/26/2014 5/13/2014
Maintenance and Additions and Maintenance Sur
Cordoba School
UAE
43 4/29/2014 5/19/2014 Renovation of the First Floor
Abu Dhabi Chamber of
Commerce & Industry
44 4/29/2014 5/13/2014
Provision of Electrical Installations - Maintenance
Management
Dubai Police
Justice and Public Services
45 4/29/2014 5/18/2014
Design and construction of Extending Sheikh Zayed
Bin Sultan Street
Department of Transport -
Abu Dhabi
Construction
46 4/29/2014 5/11/2014 Construction of Windbreaks Al Ain Municipality Construction
47 4/29/2014 5/19/2014
Provision of EPC of Road and River Crossings of
Pipelines and Cables
Petrochina International Iraq
Fze
48 4/29/2014 5/12/2014
Construction and Completion of a Residential
Complex
UAE
49 4/29/2014 5/12/2014
Construction and Completion of a Residential
Complex
UAE
50 4/29/2014 5/13/2014 Provision of Perform the Expansion Custody Light Ministry of Education
Construction: Construction
and Design

13
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TIMMINT MI - UAE Construction & Real Estate Weekly Report (Issue 2014-18)