The document provides a quarterly report on the Dubai residential property market. Some key points:
- Apartment and villa sale prices declined 2-5% in Q1 2016 compared to Q4 2015, with overall average decreases of 3%, while rents also declined up to 4%.
- Approximately 4,600 residential units were completed in Q1 2016, with 44% being apartments and 38% townhouses. New supply has put downward pressure on both prices and rents.
- Macroeconomic factors like lower oil prices, a strong dollar, and increased supply continue to impact the real estate market negatively. The outlook remains cautious as buyers and sellers wait for further price adjustments.
The document provides an overview of the Dubai residential property market in Q1 2016. Key points include:
- Apartment and villa sale prices declined 2-5% in Q1 2016 from Q4 2015, with annual declines of 5-11% for apartments and 2-14% for villas.
- Rents for apartments and villas also decreased in Q1 2016, with apartment rents falling up to 4% and villa rents declining up to 5%.
- New residential supply, totaling 36,000 units in the pipeline for 2016, has put downward pressure on both prices and rents.
- Macroeconomic factors like lower oil prices have impacted buyer and investor sentiment, keeping the market subdued
Dubai residential market report for Q3 2015. Key points:
- Apartment and villa prices declined 2% on average in Q3, consistent with Q2. Price declines were slower in prime areas and accelerated in secondary areas.
- Apartment rents were stable in most areas but declined 2-3% in Business Bay and Dubai Sports City. Villa rents declined marginally in most major communities.
- Approximately 6,000 new residential units were completed in Q3, with most in Dubai Sports City, Dubailand, International City, Jumeirah Golf Estates and Jumeirah Village Circle.
This 3 sentence summary provides an overview of the key details from the document:
The document outlines a tour plan to Dubai from October 28th to November 1st, including flight costs of Rs. 14580, hotel costs of Rs. 3624, transportation and activity costs totaling Rs. 7944, and expected overall trip costs of Rs. 39488. Details are provided on transportation between Ludhiana and Delhi, flights from Delhi to Dubai, recommended hotels, restaurants, attractions to visit including beaches, malls and the world's tallest tower, and a day-by-day itinerary.
Dubai welcomed 13.2 million international overnight visitors in 2014, an 8.2% increase from 2013 that outpaced the global tourism growth average. Key factors contributing to Dubai's tourism success include its status as a global transportation hub, a diverse range of source markets, a continually evolving destination offering, and support from industry stakeholders committed to sustainable growth. Women travelers, families, and business travelers are important visitor segments that Dubai is appealing to through new luxury offerings, lifestyle experiences, and family initiatives.
The document describes a proposed web-based package tour reservation system for R-Rom-D Tour Co., Ltd. to address issues with their current manual system. The new system will allow customers to browse and reserve tours online through a website. It will integrate a customer database and enable reports for management. The 4-month project will include system analysis, design, implementation, and testing before launch.
This document provides information on tour guiding techniques and methodology. It defines tourists and the basic factors for a successful tourist destination, including attractions, amenities, accessibility, and peace/order. Characteristics of tourism are outlined, such as the product not being used up. The nature of tour reception/guiding and duties/responsibilities of guides are described, including ensuring safety, honesty, and protecting the tourism reputation. Communication skills, guiding techniques, and the qualities of effective guides are also discussed. The methodology section covers researching skills and conducting mock and actual tours to develop tour guiding competencies.
This document provides an overview of Dubai's ambitious construction projects including the Burj Al Arab hotel, the world's largest indoor ski slope, and plans to build the world's tallest skyscraper. It highlights Dubai's rapid growth and developments like massive palm-shaped islands constructed from land reclamation and its plans to build the biggest theme park in the world surpassing even Disney World.
The document provides an overview of the Dubai residential property market in Q1 2016. Key points include:
- Apartment and villa sale prices declined 2-5% in Q1 2016 from Q4 2015, with annual declines of 5-11% for apartments and 2-14% for villas.
- Rents for apartments and villas also decreased in Q1 2016, with apartment rents falling up to 4% and villa rents declining up to 5%.
- New residential supply, totaling 36,000 units in the pipeline for 2016, has put downward pressure on both prices and rents.
- Macroeconomic factors like lower oil prices have impacted buyer and investor sentiment, keeping the market subdued
Dubai residential market report for Q3 2015. Key points:
- Apartment and villa prices declined 2% on average in Q3, consistent with Q2. Price declines were slower in prime areas and accelerated in secondary areas.
- Apartment rents were stable in most areas but declined 2-3% in Business Bay and Dubai Sports City. Villa rents declined marginally in most major communities.
- Approximately 6,000 new residential units were completed in Q3, with most in Dubai Sports City, Dubailand, International City, Jumeirah Golf Estates and Jumeirah Village Circle.
This 3 sentence summary provides an overview of the key details from the document:
The document outlines a tour plan to Dubai from October 28th to November 1st, including flight costs of Rs. 14580, hotel costs of Rs. 3624, transportation and activity costs totaling Rs. 7944, and expected overall trip costs of Rs. 39488. Details are provided on transportation between Ludhiana and Delhi, flights from Delhi to Dubai, recommended hotels, restaurants, attractions to visit including beaches, malls and the world's tallest tower, and a day-by-day itinerary.
Dubai welcomed 13.2 million international overnight visitors in 2014, an 8.2% increase from 2013 that outpaced the global tourism growth average. Key factors contributing to Dubai's tourism success include its status as a global transportation hub, a diverse range of source markets, a continually evolving destination offering, and support from industry stakeholders committed to sustainable growth. Women travelers, families, and business travelers are important visitor segments that Dubai is appealing to through new luxury offerings, lifestyle experiences, and family initiatives.
The document describes a proposed web-based package tour reservation system for R-Rom-D Tour Co., Ltd. to address issues with their current manual system. The new system will allow customers to browse and reserve tours online through a website. It will integrate a customer database and enable reports for management. The 4-month project will include system analysis, design, implementation, and testing before launch.
This document provides information on tour guiding techniques and methodology. It defines tourists and the basic factors for a successful tourist destination, including attractions, amenities, accessibility, and peace/order. Characteristics of tourism are outlined, such as the product not being used up. The nature of tour reception/guiding and duties/responsibilities of guides are described, including ensuring safety, honesty, and protecting the tourism reputation. Communication skills, guiding techniques, and the qualities of effective guides are also discussed. The methodology section covers researching skills and conducting mock and actual tours to develop tour guiding competencies.
This document provides an overview of Dubai's ambitious construction projects including the Burj Al Arab hotel, the world's largest indoor ski slope, and plans to build the world's tallest skyscraper. It highlights Dubai's rapid growth and developments like massive palm-shaped islands constructed from land reclamation and its plans to build the biggest theme park in the world surpassing even Disney World.
The document provides an overview of the Abu Dhabi residential property market in Q1 2016. It notes that apartment and villa prices declined slightly by 1-2% during this period, while rental rates also decreased between 1-2%. The report also outlines upcoming residential supply additions of 2,400 units in 2016 and forecasts further supply increases in the following years. Macroeconomic factors like decreasing oil prices and inflation rates are examined for their influence on the local property sector.
The document provides an overview of the Abu Dhabi residential property market in Q1 2016. It notes that apartment and villa prices declined slightly by 1-2% compared to the previous quarter, while rental rates also decreased between 1-2%. The report also highlights that 2,400 new residential units are expected to be completed in Abu Dhabi during 2016.
- In Q2 2015, the Dubai residential market saw a marginal decline of 1.7% overall, an improvement from the 2.3% decline in Q1 2015. Apartment prices declined by 2% while villa prices declined slightly more at 2.4%.
- A total of 24 new off-plan projects were launched in Q2 2015, adding approximately 7,900 new units, most located in secondary areas like Dubai Silicon Oasis and Dubai World Central.
- Rental rates for apartments remained stable in prime areas while declining slightly for villas. Agents surveyed predicted price declines up to 5% in sales for Q3 2015 but stable or slightly lower rents.
The document summarizes real estate market indicators and trends in Dubai for the fourth quarter of 2016. Some key points:
- Residential prices declined 0.5% year-over-year based on the ValuStrat Price Index, but have been stable over the past 18 months. Median apartment and villa prices increased slightly compared to last quarter.
- Office supply increased by 139,000 sqm in 2016 with 513,000 sqm expected to be delivered in 2017. Office sale prices increased 2.2% quarter-over-quarter while rents remained stable.
- Retail expansion continued with new projects announced, but rental performance has been affected by a stronger US dollar.
- The Dubai real estate market saw declines in residential property values in Q1 2015, with apartment values dropping 3.1% and villa values falling 4% compared to the previous quarter. Office rents increased 6% over the quarter while residential rents remained flat.
- Retail continued to see strong performance, with Dubai Shopping Festival card spending up 12% over the same period last year. However, hotel occupancy dipped slightly to 86% as new room supply increased competition.
- Overall the report indicates some stabilization in the Dubai property market after price declines in late 2014 and early 2015, with values and rents returning to early 2014 levels across most sectors.
- The Dubai real estate market saw slight improvements in the first quarter of 2016, with apartment values increasing 0.1% and villa values declining slightly by 0.2%.
- End users are increasingly seeking to purchase properties to save on rent and benefit from anticipated long-term capital appreciation.
- Residential supply estimates for 2016 total 33,662 units, though many delayed projects mean actual completion numbers may be significantly lower.
- The retail, hotel, and office sectors also experienced soft market conditions in the first quarter, with most metrics like prices, rents, and occupancy declining compared to the previous year.
This document summarizes the Dubai residential property market report for Q4 2015 from Cavendish Maxwell. It finds that during this period, apartment prices declined 1% on average across Dubai, with some peripheral locations falling more. Villa prices also declined 1% on average. Rents for both apartments and villas declined approximately 1% as well. Looking ahead to 2016, the report forecasts continued supply of new residential units but some delays, with prices and rents expected to remain stable.
This document summarizes the Dubai residential property market report for Q4 2015 from Cavendish Maxwell. It finds that during this period, apartment prices declined 1% on average across Dubai, with some peripheral locations falling more. Villa prices dropped 1% as well. Over the past year, apartment and villa prices have fallen 6% and 8% respectively. Rents for both apartments and villas also declined slightly in Q4 by 1% and over the full year by around 3%. New residential supply and future pipeline projections are also presented.
This document summarizes the Dubai residential property market report for Q4 2015 from Cavendish Maxwell. It finds that during this period, apartment prices declined 1% on average across Dubai, with some peripheral locations falling more. Villa prices dropped 1% as well. Over the past year, apartment and villa prices have fallen 6% and 8% respectively. Rents for both apartments and villas also declined slightly in Q4 by 1% and over the full year by around 3%. New residential supply and future pipeline projections are also presented.
The document summarizes real estate market trends in Dubai during the second quarter of 2015 based on a report by ValuStrat. Key points include:
- Residential property values have declined from their 2014 peak and are now similar to early 2014 levels. Apartments values decreased 2.5% quarter-over-quarter while villa values fell 2.1%.
- Office supply increased with 580,000 square meters expected to be delivered in 2015. However, office prices declined marginally by 0.3% year-over-year and 1% quarter-over-quarter.
- Retail supply also grew with new malls and expansions, though leasing rates varied between 55-100
This document summarizes real estate market indicators for Dubai in the third quarter of 2016. Residential prices showed mixed results but remained stable year-over-year. Office prices declined 8.3% from the previous year. Retail supply increased with the openings of new malls and showrooms. Hotel occupancy was down slightly at 76% for the first eight months of the year due to an increase in room supply, while room rates declined 10.8% from the prior year. Overall, the Dubai real estate market showed signs of stability and some recovery in the third quarter after softness in previous periods.
This document provides a quarterly real estate market review of Dubai for Q3 2015 from ValuStrat. It summarizes that while residential prices declined marginally this quarter, the year-over-year drop was 10.3%. Office prices also declined slightly in Q3. Supply of new residential units was delayed, with many projects pushed back until 2016-2017. Rents decreased across most sectors as well. The Dubai population continued growing in 2015, helping to support overall economic growth despite challenges in the real estate market.
ValuStrat is a real estate research and consulting firm based in Dubai. This document provides a quarterly market report on the Dubai real estate market from ValuStrat. It finds that over the past year, Dubai property prices have declined over 10% as investor interest has fallen. While supply is expected to increase in the coming years, over 25% of residential projects scheduled for completion in 2015 have been delayed. The report also notes declines in hotel occupancy and average daily rates in Dubai in the fourth quarter of 2015 compared to the previous year.
- 2014 started strongly for Dubai's real estate market due to increased confidence after winning Expo 2020, but growth slowed in the third quarter
- Residential property prices saw double-digit growth in the first half of 2014 before declining slightly in the second half, while rents continued to rise
- Office and retail markets performed well, with office prices up 45% in Q2 2014 and retail rents increasing 2% in Q4, but hotel occupancy dropped as supply increased
- The outlook for 2015 is for a continued modest correction in the high-end residential sector but moderate price growth of 5-7% in mid-range areas, along with further rent increases across sectors
CL King Conference Presentation - September 2019WinnebagoInd
Michael Happe, CEO of Winnebago Industries, discussed the company's strategic priorities and recent acquisition of Newmar Corporation. The key strategic priorities are to elevate excellence in operations, strengthen and expand the core RV business, build a high-performance culture, expand into new profitable markets, and leverage innovation. The acquisition of Newmar will help strengthen the motorhome business, create synergies, and be immediately accretive to cash earnings per share. Newmar adds a complementary high-end motorhome product portfolio and dealer network.
The document summarizes real estate performance in Dubai in 2017 and provides predictions for 2018. Some key points:
- Dubai's hospitality, residential, retail, and office markets all faced challenges in 2017, with declines in occupancy rates, sales prices, rents, and commercial rents.
- However, fundamentals remained strong, with Dubai retaining its position as a top global tourism destination. New residential supply continued to focus on affordable units.
- Predictions for 2018 include Dubai becoming more connected globally, its development finance market evolving, and disruptive technologies like 3D printing becoming more mainstream. Introduction of VAT will also be a big challenge.
This document provides an investment proposal for Dubai Sports City. It summarizes key details about the development including affordable rental rates, expected returns of 8-10% annually plus 30-40% capital appreciation. It then describes the Elite 10 project by developer Triplanet International, including unit sizes and prices. The development will include 50 apartments per floor with 80% golf course views. The document outlines the payment plan and expected supply and demand economics that point to continued growth in the Dubai property market.
The document provides an overview of the 2014 Riyadh real estate market in Saudi Arabia. It discusses the KSA macroeconomic environment, including GDP growth of 3.59% and a budget deficit of SAR 54 billion in 2014. It then summarizes the Riyadh residential, retail, office, and hospitality markets. For the residential market, it notes undersupply, expected growth in housing units of 3.8% annually, and demand driven by population growth. The retail market is seeing increased spending and projected sales growth of 7% annually. Upcoming office and retail projects may weaken the office market through increased supply.
This presentation discusses Winnebago Industries' investor opportunities. It highlights the large market size for motorhomes and towables, solid recent demand growth, their iconic brand, favorable economic conditions, a reorganized executive team focused on growth and profitability, and a healthy cash-rich balance sheet. The presentation also provides an industry update, company history and products, competitive advantages, financial performance overview, and future strategic priorities around building a performance culture, brand revitalization, streamlining operations, and expanding markets.
Jumeirah Village Circle is a large master planned community located 20 minutes from Downtown Dubai and 30 minutes from Al Maktoum International Airport. The community covers 860 hectares and will contain over 12,700 residential units including apartments, villas and townhouses when complete. Amenities include a shopping mall, community center, sports fields, mosques, schools and parks. Recent sale listings in the community include two 2-bedroom villas for AED 2.6 million each and a 1-bedroom apartment for AED 790,000.
Saadiyat Island is a man-made island off the coast of Abu Dhabi that is being developed into residential, cultural, and tourism districts. It will be home to world-class museums like the Louvre Abu Dhabi and Guggenheim Abu Dhabi. The island is divided into the Saadiyat Beach District with luxury hotels and resorts, the Saadiyat Marina District with residential communities and offices, and the Saadiyat Cultural District containing museums, parks and other attractions. Development is expected to be completed by 2020.
The document provides an overview of the Abu Dhabi residential property market in Q1 2016. It notes that apartment and villa prices declined slightly by 1-2% during this period, while rental rates also decreased between 1-2%. The report also outlines upcoming residential supply additions of 2,400 units in 2016 and forecasts further supply increases in the following years. Macroeconomic factors like decreasing oil prices and inflation rates are examined for their influence on the local property sector.
The document provides an overview of the Abu Dhabi residential property market in Q1 2016. It notes that apartment and villa prices declined slightly by 1-2% compared to the previous quarter, while rental rates also decreased between 1-2%. The report also highlights that 2,400 new residential units are expected to be completed in Abu Dhabi during 2016.
- In Q2 2015, the Dubai residential market saw a marginal decline of 1.7% overall, an improvement from the 2.3% decline in Q1 2015. Apartment prices declined by 2% while villa prices declined slightly more at 2.4%.
- A total of 24 new off-plan projects were launched in Q2 2015, adding approximately 7,900 new units, most located in secondary areas like Dubai Silicon Oasis and Dubai World Central.
- Rental rates for apartments remained stable in prime areas while declining slightly for villas. Agents surveyed predicted price declines up to 5% in sales for Q3 2015 but stable or slightly lower rents.
The document summarizes real estate market indicators and trends in Dubai for the fourth quarter of 2016. Some key points:
- Residential prices declined 0.5% year-over-year based on the ValuStrat Price Index, but have been stable over the past 18 months. Median apartment and villa prices increased slightly compared to last quarter.
- Office supply increased by 139,000 sqm in 2016 with 513,000 sqm expected to be delivered in 2017. Office sale prices increased 2.2% quarter-over-quarter while rents remained stable.
- Retail expansion continued with new projects announced, but rental performance has been affected by a stronger US dollar.
- The Dubai real estate market saw declines in residential property values in Q1 2015, with apartment values dropping 3.1% and villa values falling 4% compared to the previous quarter. Office rents increased 6% over the quarter while residential rents remained flat.
- Retail continued to see strong performance, with Dubai Shopping Festival card spending up 12% over the same period last year. However, hotel occupancy dipped slightly to 86% as new room supply increased competition.
- Overall the report indicates some stabilization in the Dubai property market after price declines in late 2014 and early 2015, with values and rents returning to early 2014 levels across most sectors.
- The Dubai real estate market saw slight improvements in the first quarter of 2016, with apartment values increasing 0.1% and villa values declining slightly by 0.2%.
- End users are increasingly seeking to purchase properties to save on rent and benefit from anticipated long-term capital appreciation.
- Residential supply estimates for 2016 total 33,662 units, though many delayed projects mean actual completion numbers may be significantly lower.
- The retail, hotel, and office sectors also experienced soft market conditions in the first quarter, with most metrics like prices, rents, and occupancy declining compared to the previous year.
This document summarizes the Dubai residential property market report for Q4 2015 from Cavendish Maxwell. It finds that during this period, apartment prices declined 1% on average across Dubai, with some peripheral locations falling more. Villa prices also declined 1% on average. Rents for both apartments and villas declined approximately 1% as well. Looking ahead to 2016, the report forecasts continued supply of new residential units but some delays, with prices and rents expected to remain stable.
This document summarizes the Dubai residential property market report for Q4 2015 from Cavendish Maxwell. It finds that during this period, apartment prices declined 1% on average across Dubai, with some peripheral locations falling more. Villa prices dropped 1% as well. Over the past year, apartment and villa prices have fallen 6% and 8% respectively. Rents for both apartments and villas also declined slightly in Q4 by 1% and over the full year by around 3%. New residential supply and future pipeline projections are also presented.
This document summarizes the Dubai residential property market report for Q4 2015 from Cavendish Maxwell. It finds that during this period, apartment prices declined 1% on average across Dubai, with some peripheral locations falling more. Villa prices dropped 1% as well. Over the past year, apartment and villa prices have fallen 6% and 8% respectively. Rents for both apartments and villas also declined slightly in Q4 by 1% and over the full year by around 3%. New residential supply and future pipeline projections are also presented.
The document summarizes real estate market trends in Dubai during the second quarter of 2015 based on a report by ValuStrat. Key points include:
- Residential property values have declined from their 2014 peak and are now similar to early 2014 levels. Apartments values decreased 2.5% quarter-over-quarter while villa values fell 2.1%.
- Office supply increased with 580,000 square meters expected to be delivered in 2015. However, office prices declined marginally by 0.3% year-over-year and 1% quarter-over-quarter.
- Retail supply also grew with new malls and expansions, though leasing rates varied between 55-100
This document summarizes real estate market indicators for Dubai in the third quarter of 2016. Residential prices showed mixed results but remained stable year-over-year. Office prices declined 8.3% from the previous year. Retail supply increased with the openings of new malls and showrooms. Hotel occupancy was down slightly at 76% for the first eight months of the year due to an increase in room supply, while room rates declined 10.8% from the prior year. Overall, the Dubai real estate market showed signs of stability and some recovery in the third quarter after softness in previous periods.
This document provides a quarterly real estate market review of Dubai for Q3 2015 from ValuStrat. It summarizes that while residential prices declined marginally this quarter, the year-over-year drop was 10.3%. Office prices also declined slightly in Q3. Supply of new residential units was delayed, with many projects pushed back until 2016-2017. Rents decreased across most sectors as well. The Dubai population continued growing in 2015, helping to support overall economic growth despite challenges in the real estate market.
ValuStrat is a real estate research and consulting firm based in Dubai. This document provides a quarterly market report on the Dubai real estate market from ValuStrat. It finds that over the past year, Dubai property prices have declined over 10% as investor interest has fallen. While supply is expected to increase in the coming years, over 25% of residential projects scheduled for completion in 2015 have been delayed. The report also notes declines in hotel occupancy and average daily rates in Dubai in the fourth quarter of 2015 compared to the previous year.
- 2014 started strongly for Dubai's real estate market due to increased confidence after winning Expo 2020, but growth slowed in the third quarter
- Residential property prices saw double-digit growth in the first half of 2014 before declining slightly in the second half, while rents continued to rise
- Office and retail markets performed well, with office prices up 45% in Q2 2014 and retail rents increasing 2% in Q4, but hotel occupancy dropped as supply increased
- The outlook for 2015 is for a continued modest correction in the high-end residential sector but moderate price growth of 5-7% in mid-range areas, along with further rent increases across sectors
CL King Conference Presentation - September 2019WinnebagoInd
Michael Happe, CEO of Winnebago Industries, discussed the company's strategic priorities and recent acquisition of Newmar Corporation. The key strategic priorities are to elevate excellence in operations, strengthen and expand the core RV business, build a high-performance culture, expand into new profitable markets, and leverage innovation. The acquisition of Newmar will help strengthen the motorhome business, create synergies, and be immediately accretive to cash earnings per share. Newmar adds a complementary high-end motorhome product portfolio and dealer network.
The document summarizes real estate performance in Dubai in 2017 and provides predictions for 2018. Some key points:
- Dubai's hospitality, residential, retail, and office markets all faced challenges in 2017, with declines in occupancy rates, sales prices, rents, and commercial rents.
- However, fundamentals remained strong, with Dubai retaining its position as a top global tourism destination. New residential supply continued to focus on affordable units.
- Predictions for 2018 include Dubai becoming more connected globally, its development finance market evolving, and disruptive technologies like 3D printing becoming more mainstream. Introduction of VAT will also be a big challenge.
This document provides an investment proposal for Dubai Sports City. It summarizes key details about the development including affordable rental rates, expected returns of 8-10% annually plus 30-40% capital appreciation. It then describes the Elite 10 project by developer Triplanet International, including unit sizes and prices. The development will include 50 apartments per floor with 80% golf course views. The document outlines the payment plan and expected supply and demand economics that point to continued growth in the Dubai property market.
The document provides an overview of the 2014 Riyadh real estate market in Saudi Arabia. It discusses the KSA macroeconomic environment, including GDP growth of 3.59% and a budget deficit of SAR 54 billion in 2014. It then summarizes the Riyadh residential, retail, office, and hospitality markets. For the residential market, it notes undersupply, expected growth in housing units of 3.8% annually, and demand driven by population growth. The retail market is seeing increased spending and projected sales growth of 7% annually. Upcoming office and retail projects may weaken the office market through increased supply.
This presentation discusses Winnebago Industries' investor opportunities. It highlights the large market size for motorhomes and towables, solid recent demand growth, their iconic brand, favorable economic conditions, a reorganized executive team focused on growth and profitability, and a healthy cash-rich balance sheet. The presentation also provides an industry update, company history and products, competitive advantages, financial performance overview, and future strategic priorities around building a performance culture, brand revitalization, streamlining operations, and expanding markets.
Jumeirah Village Circle is a large master planned community located 20 minutes from Downtown Dubai and 30 minutes from Al Maktoum International Airport. The community covers 860 hectares and will contain over 12,700 residential units including apartments, villas and townhouses when complete. Amenities include a shopping mall, community center, sports fields, mosques, schools and parks. Recent sale listings in the community include two 2-bedroom villas for AED 2.6 million each and a 1-bedroom apartment for AED 790,000.
Saadiyat Island is a man-made island off the coast of Abu Dhabi that is being developed into residential, cultural, and tourism districts. It will be home to world-class museums like the Louvre Abu Dhabi and Guggenheim Abu Dhabi. The island is divided into the Saadiyat Beach District with luxury hotels and resorts, the Saadiyat Marina District with residential communities and offices, and the Saadiyat Cultural District containing museums, parks and other attractions. Development is expected to be completed by 2020.
This document discusses best practices for selecting a hotel operator partner. It advises commissioning an independent feasibility report to identify the right operator fit. Developers should look at multiple operator options rather than setting their heart on one, to encourage competition and better terms. Negotiating contracts requires specialized advice, as agreements can contain hidden fees weighted towards the operator. Choosing the right long-term operator partner is important to maximize returns and property value over the life of the project.
The document provides statistics on contract awards and projects in Egypt's hotel and tourism sector from 2008 to 2014. It shows the total contract value and number of projects planned or underway each year. The top 10 projects are also listed, ranging from large resort and hotel developments to malls and entertainment facilities. The largest project was a $1.6 billion beach resort developed by Emaar Misr for Development.
Arabian Ranches is a 1,650 acre residential development in Dubai launched in 2003 and completed in 2005. It consists of 14 sub-communities containing villas and townhouses ranging from 2 to 7 bedrooms. Amenities include the Dubai Equestrian & Polo Club, Arabian Ranches Community Centre, and schools. Saheel is one of the sub-communities within Arabian Ranches containing 829 villas ranging from 3 to 5 bedrooms. It has community facilities like pools, parks, and sports courts. Recent villa sales in Saheel have ranged from AED 2.5-6.7 million.
There is a perceived lack of affordable housing in the UAE. This document discusses potential options for delivering affordable housing, focusing on ways to reduce costs and risks for developers rather than demand-side initiatives. It outlines various product options and models used in other countries, including different types of affordable tenures like social rent, affordable rent, and shared ownership. It also analyzes ways to reduce the cost of land and construction risks for developers through mechanisms like long leaseholds, structured land payments, joint ventures, and government or corporate backed projects that take on more risk.
This document summarizes the Abu Dhabi residential property market in Q4 2015. It finds that apartment and villa prices declined slightly by 1% during the quarter. Over the past year, apartment prices dropped 3% on average while villa prices fell 4%. Rent performance was mixed across areas, with some like Al Raha Beach and Al Reem Island seeing stable rents and others like Al Reef Downtown declining 1-2%. Approximately 2,700 new residential units were completed in 2015, mainly on Al Reem Island and Saadiyat Island. Over 14,600 additional units are scheduled to enter the market between 2016-2018, with over 60% in 2017.
9. Miles Phillips BSc (Hons) MRICS ACIArb
Partner
Head of Operations - UAE
M: +971 56 604 2750
E: miles.phillips@cavendishmaxwell.com
Amit Shukla
Senior Associate
Development Advisory and Real Estate Research
M: +971 56 360 3540
E: amit.shukla@cavendishmaxwell.com
Sofia Underabi BPropEc AAPI
Partner
Head of Residential Valuation
M: +971 50 435 6527
E: sofia.underabi@cavendishmaxwell.com
Dima Isshak BSc
Research Manager
M: +971 50 482 7938
E: dima.isshak@cavendishmaxwell.com
PROPERTY SERVICES
MIDDLE EAST & AFRICA
Jay Grant MSc IRRV (Hons)
Managing Partner
M: +971 50 192 1658
E: jay.grant@cavendishmaxwell.com
T: +971 (0) 4 453 9525 E: info@cavendishmaxwell.com
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