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The evolution of the Dubai hotel sector 19 01 15

Presentation prepared for senior Pandox staff about the evolution of the Dubai hotel market, from the first hotel in the 1950s to the latest pipeline of lifestyle and 'mega' hotels due to open in time for Expo 2020. Includes background on the economic strength, superb infrastructure and other factors that have spurred the phenomenal growth in the sector. Amazing photos!

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The evolution of the Dubai hotel sector 19 01 15

  1. 1. www.viability.ae…when diligence is due The Evolution of Dubai’s Hotel Market 22/01/15, Sharq Village & Spa, Doha, Qatar. Presenter: Guy Wilkinson Dubai holds the Guinness World Record for the highest ever firework display
  2. 2. www.viability.ae…when diligence is due Viability Management Consultants •  Hospitality and real estate development consultancy •  Established in Dubai in 2006 •  Principals have consulted in every country in the Middle East except Iraq, as well as many in Africa •  Specialized in providing: –  Bankable feasibility studies –  Market studies in a variety of hospitality-related sectors –  Operator selection and contract negotiations –  Operational reviews and interim management solutions •  Reputation for high-quality, detailed, realistic advice “Truly an expert consulting company.” “…a most valuable contribution to our knowledge base.” “All responses from Viability were exceptionally prompt and pertinent.”
  3. 3. www.viability.ae…when diligence is due Consulting Services •  Market & financial feasibility studies •  Market & financial ‘highest & best use’ studies •  Market & financial pre-feasibility studies •  Market studies •  Operator selection •  Management contract negotiations •  Business valuations •  Operational reviews •  Interim management •  Broking Real Estate Sectors •  Hotels & resorts •  Serviced apartments & villas •  Timeshare, fractional, condo suites/apartments •  Residential apartments, villas, townhouses •  Commercial offices •  Shopping centres •  Leisure & entertainment centres/attractions •  Food & beverage outlets, health clubs, spas, etc The Address Downtown Dubai (feasibility study by Guy Wilkinson)
  4. 4. www.viability.ae…when diligence is due Amazing Dubai, City of Records! •  Dubai holds the Guinness World record for staging the largest ever firework display on New Year’s Eve in 2014, with 400,000 fireworks being launched during a 6-minute show on The Palm and The World
  5. 5. www.viability.ae…when diligence is due More Dubai Record Trivia! •  At 828 metres and 163 storeys, the Burj Khalifa is the world’s tallest man-made structure on land, with the ‘highest restaurant’ and the highest base jumping record •  Dubai boasts the 5 tallest hotels in the world: 1) the JW Marquis (355 m), 2) the Rose Rayhaan (333 m), 3) the Burj Al Arab (321 m), 4) the Jumeirah Emirates Towers (309 m) and 5) The Address Downtown Dubai (306 m) •  The 306 m, 80-storey Cayan Tower in Dubai Marina is the world’s tallest building with a twist of 90o •  Dubai Mall is the most visited shopping centre in the world with 75 million visitors in 2013 •  Dubai Metro is the world’s longest driverless metro with 2 lines and 75 km of track •  The Dubai World Cup is the world’s richest horse race, with a purse of US$ 10 million JW Marquis Hotel Dubai
  6. 6. www.viability.ae…when diligence is due Before & After: Dubai Creek (Al Ras) in 1950s and Now
  7. 7. www.viability.ae…when diligence is due Before & After: Dubai Clock Tower in 1960s and Now
  8. 8. www.viability.ae…when diligence is due Before & After: Dubai International Airport in 1970s & Now
  9. 9. www.viability.ae…when diligence is due Before & After: Sheikh Zayed Road in 1980s and Now
  10. 10. www.viability.ae…when diligence is due Google Earth Images of Dubai – 2005 (top) vs 2015
  11. 11. www.viability.ae…when diligence is due Dubai’s History: from ‘Back-water’ to Global Metropolis
  12. 12. www.viability.ae…when diligence is due 3000 BC Nomadic cattle herding 3rd Century Sassanid Empire, date palm cultivation 7th Century Ummayad trading post 1500s Pearling & fishing centre 1799 Bani Yas dependency 1820 General Maritime Peace Treaty w/ Britain 1833 Maktoum dynasty begins Dubai Timeline 1 – Early History
  13. 13. www.viability.ae…when diligence is due 1853 Trucial States established 1892 British Protectorate 1894 British tax-free entrepot 1903 British steam ship port 1912 Sheikh Saeed accedes 1958 Sheikh Rashid accedes, DNATA launched 1963 Dredging the Creek Dubai Timeline 2 – Trucial States Era
  14. 14. www.viability.ae…when diligence is due 1966 Oil discovery 1969 First oil shipment 1971 UAE formed 1973 Dirham introduced 1979 Jebel Ali Port & Free Zone opened 1985 Emirates Airline launched 1989 Dubai Commerce & Tourism Promotion Board formed Dubai Timeline 3 – The Oil Era
  15. 15. www.viability.ae…when diligence is due 1990 Sheikh Maktoum accedes, First Gulf War 1997 DCTPB becomes Department of Tourism & Commerce Marketing 2002 First freehold for foreigners zone launched (Dubai Marina) 2003 Dubailand launched 2006 First houses on The Palm, Jumeirah occupied 2006 Sheikh Mohammed accedes Dubai Timeline 4 – The Real Estate Revolution
  16. 16. www.viability.ae…when diligence is due 2008 Global Recession, Dubai Mall and Atlantis opened 2009 Dubai Metro Red Line inaugurated 2010 Burj Khalifa inaugurated 2014 DXB overtakes Heathrow as world’s busiest passenger hub 2015 Dubai World restructures its US$14.6 billion debt 2020 Dubai to host World Expo Dubai Timeline 5 – Into the Future
  17. 17. www.viability.ae…when diligence is due Enlightened Leadership •  Seeds of ‘Dubai Inc’ sown in early 19th century (anticipating modern semi-state companies like Emirates, Emaar, Jumeirah, etc) •  Sheikhs Maktoum and Mohammed expanding on the vision of their father, Sheikh Rashid •  UAE federal structure allows much autonomy for 7 Emirates •  Old-fashioned monarchy avoids many of the hassles and pitfalls of democracy, e.g., nobody objects to planning permission! •  Careful balancing act between traditional eastern and modern western values, including sagacious ‘blind eye’ •  ‘Charmed life’ in conflict zone thanks to moderate stance and clever behind-the-scenes diplomacy and security
  18. 18. www.viability.ae…when diligence is due Strong Economic Base •  Trading history dates back to ancient times, but especially 19th century •  Strategic location near Iran and India, in ‘centre’ of globe •  Free zone initiative launched in 1985 with JAFZA (now home to 7,500 companies, inc 150 of Fortune 500), followed by >20 others including: –  Dubai Internet City –  Dubai Media City –  Knowledge Village –  Dubai International Financial Centre –  Dubai Silicon Oasis –  Dubai Multi Commodities Centre –  Dubai Maritime City –  Dubai Textile City –  Dubai Flower Centre –  Gold & Diamond Park –  Dragonmart •  Why do they work when other countries have failed? –  Effective government investment to ‘prime the pump’ –  Excellent international promotion (e.g., through DTCM) –  Full commitment to ensure benefits – no tax or duties, 100% ownership for foreigners (no sponsor), no restrictions on repatriation of profits, etc –  Safe haven appeal for investors from unstable neighbouring countries Dubai Internet City
  19. 19. www.viability.ae…when diligence is due The Iranian Connection •  Links with Iran date back to Sassanid empire in 3rd century •  Strong ties especially with Bandar Lengeh, Bastak and Hormozgan Province on southern Iranian coast •  Bastakiyah wind towers brought by Bastakian traders •  Al Futtaim, Galadari, Al Habtoor, Al Gurg and other top Dubai trading families are of Iranian descent •  Other historic links of local population with Yemen, Baluchistan, Zanzibar Wind tower house in Bastakiyah, Dubai
  20. 20. www.viability.ae…when diligence is due Real Estate Revolution •  Pre 2002: Traditional pattern of business and property ownership exclusively by UAE nationals: –  51% sponsor ownership system for companies –  Expatriate housing for rent only •  2002: Creation of special zones in which foreigners could buy houses “freehold” (or 99-year lease) •  A logical extension of the free zone concept •  Sales combined with residence visas (not any more) and mortgages •  Key freehold-for-foreigners zones include: –  Dubai Marina, inc Jumeirah Beach Residence –  Jumeirah Lake Towers –  The Palm, Jumeirah –  TECOM –  ‘New Dubai’ (Emirates Hills, The Meadows, The Springs, The Lakes, Jumeirah Islands, etc) –  Downtown/Business Bay –  Dubai International Financial Centre –  International City –  Discovery Gardens •  Boom, bust and market recovery •  Speculators vs. end users •  Hot(el) real estate (condo suites and apartments) Jumeirah Islands
  21. 21. www.viability.ae…when diligence is due Dubai Airlines •  Abu Dhabi and Oman were joint owners of Gulf Air from 1973 to 2006, when Bahrain bought them out •  Key facts about Emirates airline: –  Established 1985 –  Owned by Sheikh Mohammed and managed by Sheikh Ahmed –  Flying 232 aircraft to 147 destinations in 80 countries –  In 2013-14, Emirates flew 44.5 million passengers (= World’s No 4 carrier) and 2.3 million tonnes of cargo –  Operates all flights to/from Terminal 3 at DXB –  In 2013, Emirates made history by ordering 150 Boeing 777X and 50 Airbus A380 costing US$166 billion •  Launched in 2008, low-cost airline flydubai now flies 30 brand new Boeing 737-800 Next Generation aircraft to >85 destinations from DXB Terminal 2 •  In 2014, the airline ordered 75 Boeing 737 MAX 8s and 11 Boeing 737-800 aircraft, along with the purchase rights for 25 more Boeing 737 MAX aircraft, at an estimated costs of US$8.8 billion flydubai safety video featuring Freej cartoon characters
  22. 22. www.viability.ae…when diligence is due Dubai Airports 1: Dubai International Airport (DXB) •  Base for Emirates and flydubai, secondary hub for Qantas •  In 2014, handled >7,000 weekly flights operated by 140 airlines to >250 destinations •  Was the world’s 7th busiest passenger hub in 2013, with 66.4 million passenger movements •  Overtook London Heathrow in 2014 as the world’s busiest airport for international passenger traffic with 68.9 million passengers compared with 67.8 million at Heathrow (Airports Council International data, 12/14) •  Airport ground handler, Dubai National Air Travel Agency (DNATA), which began in 1959 with 2 staff, now has 17,500 and just opened the Dnata City at Heathrow, with 60 trucks
  23. 23. www.viability.ae…when diligence is due A Decade of Passenger Movements Growth at DXB 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Departures Arrivals Transit CAGR for all passenger movements = 13% per year (21.7m in 2004 to 66.4m in 2013) 000s
  24. 24. www.viability.ae…when diligence is due Dubai Airports 2: Maktoum International Airport (DWC) •  Main component of 140 km2 the Dubai World Central ‘aerotropolis’, a multi-use real estate development •  Currently operates freight and passenger services from one runway, one passenger terminal and one cargo terminal •  Construction is now underway to convert DWC into the world’s largest airport •  The US$32 billion project will create 5 runways, 200 aircraft stands for wide bodied aircraft, 4 concourses connected via 6 airport trains to 2 terminals, which in turn will be linked to the city’s metro network •  When complete, the mega-hub will have total annual capacity exceeding 200 million passengers and 12 million tonnes of freight •  DWC home to the future 2020 World Expo site
  25. 25. www.viability.ae…when diligence is due Other Infrastructure •  E11 Sheikh Zayed Road now 12 lanes in Dubai •  E44 Al Khail, E311 and E611 ring roads have relieved congestion •  40 more km of main metro network under planning, linking Expo site •  Dedicated Palm Monorail •  New tram network just launched in Dubai Marina/ TECOM •  1,200 km Etihad Rail main line will link the 7 Emirates, eventually to GCC •  Dubai Logistics Corridor at Jebel Ali to become in- bond air-sea-road-rail hub linking JAFZA with DWC Sheikh Zayed Road
  26. 26. www.viability.ae…when diligence is due Dubai Logistics Corridor
  27. 27. www.viability.ae…when diligence is due Tourism •  “East meets West” with ‘safe’ version for each of the other •  Sun and sand, shopping and night life, English speaking city •  Hotels and malls as tourism attractions •  DTCPB’s conversion to DTCM in 1997 ensures global ‘top of mind’ awareness (working with Emirates airlines) •  Events boost visitor numbers and iron out seasonality: –  Dubai Shopping Festival (January, +/- 4.5 million visitors) –  Dubai Summer Surprises (similar concept and visitor numbers) –  Ramadan Festival •  Dubai World Trade Centre is Gulf exhibitions capital (>100 shows/year) •  Cooperation with Oman offers city excitement, rural pleasures •  Skiing in the desert! Ski Dubai at the Mall of the Emirates
  28. 28. www.viability.ae…when diligence is due PR Machine (usually involves tall buildings!) Roger Federer serves on the Burj Al Arab helipad Tom Cruise scales the Burj Khalifa during the filming of Mission Impossible Ghost Protocol
  29. 29. www.viability.ae…when diligence is due Copycat Travel Destinations: Key Facts City/Country Abu Dhabi, UAE Doha, Qatar Airport Abu Dhabi International Airport Hamad International Airport Passenger Throughput 2013 16.5 million 23.2 million Future Capacity after Expansion 30 million 50 million Airline Etihad Airways Qatar Airways Total Aircraft 105 146 Total Destinations Served 110 146 Airline Passengers 2013 11.5 million 22 million Tourist Board Abu Dhabi Tourism & Culture Authority Qatar Tourism Authority
  30. 30. www.viability.ae…when diligence is due Copycat Airports The future Midfield Terminal at Abu Dhabi International Airport Hamad International Airport, recently opened
  31. 31. www.viability.ae…when diligence is due Dubai Hotel Supply Growth
  32. 32. www.viability.ae…when diligence is due Dubai Hotel Rooms Supply Growth
  33. 33. www.viability.ae…when diligence is due Dubai Hotel Apartment Building Supply Growth
  34. 34. www.viability.ae…when diligence is due Dubai Hotel Apartment Unit Supply Growth
  35. 35. www.viability.ae…when diligence is due Dubai Hotel Districts
  36. 36. www.viability.ae…when diligence is due Letting Unit Distribution by District, 2014 Rooms Apartments
  37. 37. www.viability.ae…when diligence is due Brand Penetration in Dubai Hotel Rooms by District, 2014 Actual Numbers % of Totals
  38. 38. www.viability.ae…when diligence is due 1960s Owner- operated hotels in Deira, Bur Dubai 1970s First international chain hotels 1980s & 1990s Proliferation of international & regional chain hotels 1990s SZR district, Jumeirah beach ‘Riviera’, branded hotel apartments 2000s Limited service & condo hotels, The Palm, Downtown, Al Barsha districts 2010s ‘Mega’ & lifestyle hotels, ‘B&Bs’ 50+ Years of Hotel Development in Dubai
  39. 39. www.viability.ae…when diligence is due The First Hotels – Airlines Hotel (1958) & Ambassador (1968)
  40. 40. www.viability.ae…when diligence is due A Classic Deira Luxury Hotel – Radisson Blu (former Intercon, 1975)
  41. 41. www.viability.ae…when diligence is due New Intercon & Crowne Plaza, Dubai Festival City (2007)
  42. 42. www.viability.ae…when diligence is due Classic Deira Luxury Hotels – Hyatt Regency (1980)
  43. 43. www.viability.ae…when diligence is due Park Hyatt (2005) Dubai Creek Golf Club
  44. 44. www.viability.ae…when diligence is due Grand Hyatt, Bur Dubai (2003)
  45. 45. www.viability.ae…when diligence is due Raffles Hotel Dubai, Wafi City (2007)
  46. 46. www.viability.ae…when diligence is due Iconic Sheikh Zayed Road Tower Hotels – Jumeirah Emirates Towers (2000)
  47. 47. www.viability.ae…when diligence is due More Iconic SZR Tower Hotels L to R: Dusit Thani (2001), Conrad (2013), Fairmont (2001), Shangri-La (2003)
  48. 48. www.viability.ae…when diligence is due Downtown Hotels – Armani (2010)
  49. 49. www.viability.ae…when diligence is due Downtown Hotels - The Address Downtown (2008), Dubai Mall (2009) & The Palace – The Old Town (2007)
  50. 50. www.viability.ae…when diligence is due Old Town Island, Downtown
  51. 51. www.viability.ae…when diligence is due Vida Downtown Dubai (2006)
  52. 52. www.viability.ae…when diligence is due JW Marriott Marquis Dubai (2012)
  53. 53. www.viability.ae…when diligence is due Gloria (2010) & Gloria Yassat Hotels (2012)
  54. 54. www.viability.ae…when diligence is due Kempinski Mall of the Emirates (2006)
  55. 55. www.viability.ae…when diligence is due Jumeirah Beach Hotel (1997), Burj Al Arab (1999) & Madinat Jumeirah (Mina A’Salam, 2003)
  56. 56. www.viability.ae…when diligence is due The Ritz-Carlton Dubai (1998)
  57. 57. www.viability.ae…when diligence is due One & Only Royal Mirage (1999)
  58. 58. www.viability.ae…when diligence is due Atlantis Dubai (2008)
  59. 59. www.viability.ae…when diligence is due Only & Only Palm (2010)
  60. 60. www.viability.ae…when diligence is due Jumeirah Zabeel Saray (2012)
  61. 61. www.viability.ae…when diligence is due Anantara Dubai The Palm Resort & Spa (2013)
  62. 62. www.viability.ae…when diligence is due Ibn Battuta Gate Hotel (2010)
  63. 63. www.viability.ae…when diligence is due JA Jebel Ali Golf Resort (1981)
  64. 64. www.viability.ae…when diligence is due Al Maha (1999)
  65. 65. www.viability.ae…when diligence is due Bab Al Shams (2004)
  66. 66. www.viability.ae…when diligence is due XVA Gallery (2003)
  67. 67. www.viability.ae…when diligence is due A Decade of Dubai Hotel Market KPI’s
  68. 68. www.viability.ae…when diligence is due A Decade of Dubai Hotel Apartment Market KPI’s
  69. 69. www.viability.ae…when diligence is due 30 80 130 180 230 280 330 380 Dubai Boasts World’s No. 4 ADR! (US $250 @ YTD 07 14)
  70. 70. www.viability.ae…when diligence is due Dubai Hotel Guest-Night Origins % of Guest-Nights at Hotels % of Guest-Nights at Hotel Apartments
  71. 71. www.viability.ae…when diligence is due Condo Hotels •  Hotel apartments and most recently, rooms and suites and are being offered for sale freehold in Dubai on a ‘sale & leaseback’ basis •  The Address Downtown and Dubai Mall were the first properties to include ‘condo apartments’ in 2005 •  ‘Real estate tourism’ was part of the 2002-8 property boom •  There are 16 existing condo hotels in Dubai, also bearing such brands as Anantara, Armani, Bonnington, Fairmont, Kempinski and Movenpick •  All properties are fully sold out •  Sales prices range from US$8,000 - $12,000/m2 •  Known future supply totals 35 new properties •  Damac planning >9,000 rooms in total •  Some operators still do not trust the Dubai Strata Titling Law
  72. 72. www.viability.ae…when diligence is due Dubai 2014 Future Confirmed Chain Hotel/ Hotel Apartment Pipeline Ibis Dubai World Trade Centre extension Chain Hotels Keys Rank Marriott 10 2,596 1 Starwood 5 2,530 2 The Address 7 2,448 3 Wyndham 3 1,889 4 Rotana 5 1,511 5 Hilton 5 1,505 6 Accor 4 1,390 7 Viceroy 3 1,378 8 Paramount 2 1,047 9 Flora 4 920 10 Hyatt 1 869 11 Premier Inn 3 827 12 MGM 3 692 13 Auris 3 635 14 Rezidor 3 633 15 IHG 2 608 16 Coral 2 532 17 Bin Majid 2 500 18 Citymax 2 495 19 Jumeirah 1 435 20 Chain Hotels Keys Rank Langham 1 323 22 Emirates Grand 1 300 23 Taj 1 296 24 Frasers 2 281 25 Ramee 1 265 26 Baccarat 1 263 27 Blue Bay 2 260 28 Fairmont Raffles 1 260 29 Rosewood 1 250 30 Teal 1 240 31 Four Seasons 1 237 32 Time 1 234 33 Gulf Hotels 1 230 34 Sunland 1 217 35 Steigenberger 1 215 36 City Seasons 1 208 37 Melia 1 194 38 Millennium 1 151 39 Lotus 1 147 40 Total 94 28,419
  73. 73. www.viability.ae…when diligence is due Royal Atlantis Resort (2018?) Sheikh Mohammed inspects the model
  74. 74. www.viability.ae…when diligence is due W/Westin/St Regis Hotel & Dubai Canal (2015)
  75. 75. www.viability.ae…when diligence is due Viceroy Dubai Palm Jumeirah (2017)
  76. 76. www.viability.ae…when diligence is due Viceroy Palm Jumeirah Projected Returns (US$) Particulars 2016 2017 2018 ADR 472 507 545 Occupancy 80% 80% 80% Revenue Per Room 137,760 148,000 159,200 40% Revenue Share 55,104 59,200 63,680 Standard Room Price 449,795 449,795 449,795 Yield Percentage 12.2% 13.1% 14.1% Lifestyle Benefits 6,605 7,096 7,096 Source:  http://viceroydubai.com/
  77. 77. www.viability.ae…when diligence is due Dubai Pearl (MGM & Baccarat Hotels, 2018)
  78. 78. www.viability.ae…when diligence is due Damac Towers by Paramount Hotels & Resorts, Business Bay (2016)
  79. 79. www.viability.ae…when diligence is due Lapita Hotel, Dubai Parks (Marriott Autograph, 2016)
  80. 80. www.viability.ae…when diligence is due Bvlgari Hotel at Jumeirah Bay Island (2017)
  81. 81. www.viability.ae…when diligence is due Nikki Beach Resort & Spa Dubai, Pearl Jumeira (2015)
  82. 82. www.viability.ae…when diligence is due Palazzo Versace Dubai, Culture Village (2015)
  83. 83. www.viability.ae…when diligence is due Future ME by Meliá Dubai @ The Opus (2016)
  84. 84. www.viability.ae…when diligence is due Future Tower Hotels: Hyatt Regency (2015), Viceroy P17 (2018) & Rosewood (2015)
  85. 85. www.viability.ae…when diligence is due Future Mall of the World/Mohammed bin Rashid City
  86. 86. www.viability.ae…when diligence is due Future Pipeline – Unconfirmed Projects at… •  Mohammed bin Rashid City (MBRC), a new district between Business Bay and Meydan, in which up to 100 hotels are planned •  Meraas’ 3 theme parks in Jebel Ali •  Dubailand, where many projects that were put on hold during the global financial crisis are now being completed or revived, including City of Arabia, Dubai Sports City, Dubai Lifestyle City, Falcon City of Wonders •  Nakheel’s Deira Islands, the first phase of the Palm Deira project •  Dubai Creek Harbour at The Lagoons, one of several major mega projects planned in and around Dubai Creek •  PLUS Likely impact of DTCM incentives for developers of 3- and 4-star hotels, targeting 35,000 keys in time for Expo 2020
  87. 87. www.viability.ae…when diligence is due Other Future Demand Considerations •  With US$315 billion of construction projects confirmed by EC Harris in August 2014, the UAE real estate sector has rebounded strongly since the global financial crisis •  Solid underlying economic fundamentals including low interest rates, high oil prices (getting lower) and a successful economic diversification policy are combined with the country’s status as a financial safe haven in a region where some other nations remain notably destabilised due to the Arab Spring •  Tourism accounted for nearly 20% of Dubai’s GDP in 2013 •  This figure that is forecast to grow by between 7 and 9% per year up to 2020, according to the DTCM, by which year the government’s aim is to increase tourist arrivals to 20 million (independently of the 25 million expected to visit the World Expo) •  Goals aided by fantastic infrastructure, especially airports and airlines •  The Arab Spring has caused erstwhile competing tourism destinations like Egypt, Syria, Lebanon and Jordan to be largely closed for business as regards international tourism, including intra- regional holiday traffic from the Gulf, much of which has transferred to Dubai (although Egypt is recovering, e.g., at Sharm El Sheikh)
  88. 88. www.viability.ae…when diligence is due Key Facts: Expo 2020 vs FIFA World Cup 2022 Official Name W orld Expo 2020 Dubai FIFA W orld Cup 2022 Location Dubai World Central, Jebel Ali Stadiums across Qatar (all but one within 60 km, making this the most compact World Cup in history) Duration 24 weeks 3 weeks Dates 20 10 20 - 10 04 21 Summer or winter? TBC in 02 2015 Expected visitors 25 million (DTCM) 1 million (Qatar 2022 Supreme Committee/Supreme Committee for Delivery & Legacy) Key activities Multiple events staged at multiple national pavilions (70 in Shanghai 2010) representing the world’s nations 64 football matches Key facilities 150-hectare exhibition site to form part of the 140 km2 Dubai World Central (DWC) ‘aerotropolis’ 8 stadiums (was to be 12); 64 team base camps, 32 training facilities Related infrastructure 100 new hotels (min), new metro line, new areas of DWC, new Jebel Ali theme parks, revival of mega projects in Dubailand 55,000 new hotel rooms, new metro, new railway, new airport, new port, new urban districts, etc, etc Legacy ‘Legacy’ housing project will use site Upper tiers of 9 stadiums will be donated to third world countries !
  89. 89. www.viability.ae…when diligence is due Expo 2020 Site in Context
  90. 90. www.viability.ae…when diligence is due Dubai World Central Master Plan showing Expo Site
  91. 91. www.viability.ae…when diligence is due Expo Site – Computer Renderings
  92. 92. www.viability.ae…when diligence is due Footnote: Related Social Issues •  Emiratisation vs expatriates’ and labourers’ rights •  UAE nationals in workforce and hotels •  Women in business and hotels •  Doing business under a monarchy •  Family companies vs global corporations •  Aristocracy vs meritocracy •  Freehold home owners creating grass-roots democracy •  Islam in business and banking •  Sharia-compliant and dry hotels •  The role of demolition and land reclamation in city expansion Prince Charles and Sheikha Mozah of Qatar
  93. 93. www.viability.ae…when diligence is due Thanks for listening Tel +971 3 344 3734 Fax +971 4 344 0907
  94. 94. www.viability.ae…when diligence is due See our web site – www.viability.ae
  95. 95. www.viability.ae…when diligence is due Contact Viability Management Consultants Guy Wilkinson Managing Partner Viability Management Consultants PO Box 191234 Dubai United Arab Emirates Email: guy@viability.ae Mobile: +971 50 450 6276 Tel: +971 4 344 3734 Fax: +971 4 344 0907 Web site: www.viability.ae

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  • yogeshbedmutha

    Sep. 27, 2015
  • UlyssesLalu

    Apr. 27, 2016
  • 123456priya

    Aug. 16, 2017
  • RashedAlyoha1

    May. 30, 2021

Presentation prepared for senior Pandox staff about the evolution of the Dubai hotel market, from the first hotel in the 1950s to the latest pipeline of lifestyle and 'mega' hotels due to open in time for Expo 2020. Includes background on the economic strength, superb infrastructure and other factors that have spurred the phenomenal growth in the sector. Amazing photos!

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