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Dubai-Past, Present and Future
1. Dubai ready for yet another
real estate joy ride
Peeping into the future
2. Forget 2008
• The demand was because dubai was only focussing on tourism
• Now it’s a holistic approach to the new era, lessons well learnt
3. History of dubai
• Trading hub of the middle east, Africa, Russian federation and southern Europe
• Connecting manufacturers in china, india, Pakistan, Malaysia, Indonesia, Vietnam with the
lucrative markets of the west asia
• Growth has been phenomenal throughout
• Diera being the front runner in international trade
• Free zones helped overseas businesses to strive
• Perfect timing of expansion of ports and logistics hubs
4. Current scenario
• Gdp growth of dubai around 4.3%
• Growth of diera around 2.3%
• Reasons:
• Cramped areas
• Old time development
• Narrow streets
• High traffic and congestion
• No space for new business to enter
• No space for existing business expansion
• Limited resources, no warehouses and other amenities to support existing businesses
5. The vision
• Replacing diera with bigger and better trading destination
• Providing incentives to the traders to move to the new location
• Well planned architecture
• Growth oriented colonies
• Logistics and warehousing facilities
• world class infrastructure
• Low cost
• Bigger business
6. solution
• Dubai international wholesale city
• Etihad rail network connecting the entire middle east and africa
• Introduction of new business sectors to boom economic growth
• Healthcare (dubai to be the worlds hub for healthcare)
• IT and ROBOTICS (IOT, ROBOTICS and peripheral technologies hum)
• Logistics and transportation hub
7. Amenities to begin attraction
• World’s largest airport, sheikh makhtoum international airport
• World’s finest international logistics city
• Complete planned city, dubai south
• Availability of bigger warehouses, showrooms, offices and shops
• Top of the line infrastructure
• Easy setup process
8. Launch methodology
• Bringing world expo for 2020, now popularly known as “expo2020”
• Launch of Etihad rail network
• Ministry of happiness
9. preparations
• Construction of hotels, malls, arenas, tourism spots and properties for business
• Construction of world expo2020 site
• Making dubai the best place to work and live
• Ensuring happiness and joy to the existing population
• Spreading the message of dubai being the best place on earth to live and work
• Attracting best global talent, expected population increase by 1.5 million
• Ensuring success of the launch by being ready to welcome 25 million guests
10. Major road blocks
• Cannot fulfil the demand of hotel rooms
• Solution: launch of a portal and offering the investors a chance to convert their vacant
apartments into hotel rooms and register.
• Difficult to create infrastructure in four years
• Solution: Calling private partnerships
• Launch of new real estate company, nshama and placing mr. durie there
11. Pressure on housing sector
• Total 1.5 million new working population will be added in dubai by 2021
• 60% will be blue collared, approx. 900,000camps
• 40% will be white collared, approx. 600,000homes
• Half of white collared will be bachelors and other half will be family owners
• Expected demand of new houses: 300,000
• Delivery in 2016: only 22145 new homes
12. Outcome of this pressure
• Huge demand supply gap
• Price rise that is inevitable
• Rentals will also rise sharply
• Location preferences will vanish
• Investors will enjoy the benefit
• Wait time for the ones waiting to buy will increase
• Properties will be out of reach for the common man
13. Current scenario in real estate
• Properties are coming at a good price
• Developers are giving heavy discounts
• Developers are offering never before payment plans
• End users are enjoying the buying at great prices
• Lots of new launches have come up at a very attractive offers
• Smart investors have started smelling the booom
• Government has started launching premium projects