Hotel

REAL ESTATE SERVICES
DUBAI REAL ESTATE

MARKET OVERVIEW
Q1 2015
MPM PROPERTIES FACTS AND FIGURES
FOREWORD
ADIB Real Estate Services comprises a comprehensive real estate banking and advisory platform
providing the full range of professional services from a single provider. Our services include: Real
estate financing
Strategic development
Investment
Asset
Valuation
advisory
advisory
management
Project
management
Market
research
Property
management
Facilities
Management
Residential
Property values decreased on average by 4% during
Q1 2015, with Year-on-Year still showing an increase of
7%. Rental values grew on average by 1% across Dubai
during Q1 2015 and 5% over the same period last year.
Capital values for office accommodation have remained

broadly stable across most of the Emirate during Q1 2015,
with the exception of Dubai Marina and Tecom C that have
seen drops of 10% and 7% respectively quarter on quarter.
Q1 2015 saw 2,000 new apartments and villas being

added to the market, taking the overall residential (villas
and apartments) supply to 471,000. The residential
market is currently inundated with new projects and
off-plan projects are challenging the existing price
bands while targeting the affordability sector.
Retail Sector
Office
The market is witnessing a steady supply of new stock
coming on stream which is satisfying different levels
of tenant enquiries, although demand is typically for
offices ranging between 2,500 to 4,000 sq. ft. On
the other hand demand for full floors is limited.
1.6 million sq. ft. of new office space entered the
market during Q1 2015, taking the total supply to
85.3 million sq. ft. An additional 9 million sq. ft. of
new office spaces is forecast to enter the market by
the end of 2015 with the majority of this supply being
delivered by a small number of developers / investors.
TOTAL UAE STAFF
67+
28+
PROPERTY MANAGEMENT STAFF
ADVISORY STAFF
Agency
REPORT HIGHLIGHTS
Many developers are now guaranteeing returns of up

to 10% on furnished properties to attract buyers and
simultaneously offering attractive payment plans. We expect
this trend to continue during 2015 and buyers will benefit
from the continuation of various incentives on offer.
150+
Prime retail mall space continues to be in high demand

which has seen strong rental growth of up to 10%
during Q1 2015. Malls are a prime driver of tourist
spending with mall managers focusing on enhancing
overall customer experience leading to healthy tourist
footfalls from GCC countries, China and India.
Continuing development of convenience, community
and strip retail using Jumeirah (Al Wasl and
Jumeirah Beach Roads) as examples is proving
popular with Dubais resident population.
Hospitality Sector
Over 1,100 hotel rooms were added to the Dubai market
during Q1 2015 with 70%+ being in the 5 star category. The
increase in 5 star rooms and a drop in Russian tourists has
contributed to a 9% decline in RevPar in comparison with
the same period last year.
Investor interest for hotel acquisitions continues to be
healthy with a focus on 3 and 4 star properties in good
locations with experienced and reputable operators in place.
25+
LEASING & SALES STAFF
No.1
LARGEST ABU DHABI
MAINLAND PORTFOLIO
23,500+
UNITS UNDER MANAGEMENT
90bn
COMBINED MARKET VALUE OF PROPERTIES

VALUED SINCE JANUARY 2012
1,700+
LANDLORD CLIENTS
20+ 98.5%
DEDICATED VALUATION
PROFESSIONALS
OCCUPANCY RATE
7,600+
MORTGAGE VALUATIONS
SINCE JANUARY 2012
CONTENTS
Sector Summary
Demand Drivers
Macro Trends
Residential Sector 10
Project Focus 18
Office Sector 20
Retail Sector 23
Hospitality Sector 25
Definitions & Methodology
27
Contact Information 28
Supply - Photo Gallery
29
Development Location Map
30
Q1 2015
| DUBAI REAL ESTATE MARKET OVERVIEW
Q1 2015
SECTOR SUMMARY - ABU DHABI & DUBAI COMPARISON
RESIDENTIAL
RETAIL
TOTAL SUPPLY
471k Units
Q1 2015 New
Supply Added
2k Units
TOTAL SUPPLY
227k Units
Q1 2015 New
Supply Added
0.75k Units
Q2-Q4 2015
Future Supply
5.8k Units
Y.o.Y Average
Sale Value Change
+6.1%
Y.o.Y Average
Rental Change
+7%
Q.o.Q Sale
Value Change
-4.1%
Q.o.Q Sale
Value Change
-6%
Q.o.Q
Rental Change
+4%
Prime Average
Gross Yield
6%
Q1 2015 Off-Plan
(Launched Projects)
126 Units
(1 Project)
ABU DHABI
Q.o.Q
Rental Change
+1%
Q2-Q4 2015
Future Supply
19.4k Units
TOTAL
SUPPLY (GLA)
1.33m Sq.m.
(13.9m Sq.ft.)
Q1 2015 New Supply

(GLA)
2K Sq.m.
(21K Sq.ft)
Q1 2015 Off-Plan
(Launched Projects)
3207 units
(8 Projects)
Y.o.Y Average
Rental Change
+5%
Average
Prime Mall
Rents AED
3,750psm
Prime Rents
Change Y.o.Y
+8.5%
Prime Rental
Change Q.o.Q
+1.5%
ABU DHABI
Prime Average
Gross Yield
5%
Y.o.Y Average
Sale Value Change
+7%
Supply Pipeline
(Announced
Projects GLA)
+1m Sq.m.
(10.7m Sq.ft.)
TOTAL MALL
SUPPLY (GLA)
3m Sq.m
(32.2m Sq.ft)
Q1 2015 New Supply

(GLA)
11k Sq.m.
(118k Sq.ft)
Supply Pipeline
(Announced
Projects GLA)
1.3m Sq.m.
(13.9m Sq.ft.)
Average
Prime Mall
Rents AED
4,700psm
Prime Rents
Y.o.Y Change
+17.8%
Prime Rents
Q.o.Q Change
+10.6%
DUBAI
DUBAI
OFFICE
HOSPITALITY
TOTAL SUPPLY
(GLA)
7.86m Sq.m.
TOTAL SUPPLY
(GLA)
3.2m Sq.m.
Q1 2015 New Supply
(GLA)
6.3k Sq.m.
Q2-Q4 2015 Future
Supply (GLA)
327k Sq.m.
Q1 2015 New Supply

(GLA)
150k Sq.m.
Average Grade A
Q.o.Q
Rental Change
+2.8%
Average Grade A Rents

AED 1,850psm
Grade A
Average Gross Yield
8.5%
Average Grade A Y.o.Y

Rental Change
+10.4%
Grade A Average Service

Charge (per Sq.m)
172-325
Q2-Q4 2015 Future

Supply (GLA)
834k Sq.m.
Average
Grade A Rents
AED 2,500psm
Average Grade A Y.o.Y
Rental Change
+15.5%
Grade A
Average Gross Yield
6.7%
Grade A Average
Service Charge (per Sq.m)
161-215
Overall Vacancy %
+32%
Overall Vacancy %
17%
ABU DHABI
Average Grade A
Q.o.Q
Rental Change
+2%
DUBAI
TOTAL ROOMS
(HOTEL & HOTEL APARTMENTS)
21.9k
Q1 2015 New Rooms
Added (H & HA)
0.3k
Q2-Q4 2015 Future

Supply (H & HA)
2.9k
TOTAL ROOMS
(HOTEL & HOTEL APARTMENTS)
92k
Q1 2015 New Rooms
Added (H & HA)
0.6k
Q2-Q4 2015 Future

Supply (H & HA)
4.4k
YTD Occupancy
80%
ARR (AED)
497
YTD Occupancy
85%
ARR (AED)
1020
RevPAR (AED)
397
Total Guests
(2015 YTD)
647K
RevPAR (AED)
867
Total Guests
(2015 YTD)
1.8m
ABU DHABI
DUBAI
Q1 2015
Q1 2015
DEMAND DRIVERS
GOVERNMENT INITIATIVES
TRANSPORTATION
ATTRACTING ENTREPRENEURS; IMPROVE EASE OF DOING BUSINESS
IMPROVING ACCESSIBILITY AND REACH TO DUBAI; CREATING JOBS
The President, His Highness Sheikh Khalifa bin

Zayed Al Nahyan, issued Commercial Companies
Law (Federal Law) No. 02 for the year 2015
containing 378 articles which will bring significant
improvements to corporate governance,
encourage financial markets and new IPO activity
into the UAE. The new legislation also allows
companies to float 30% equity vs. the previous
requirement of 55%
The Dubai Government has proposed developing

affordable housing for people earning between
AED10,000 to AED25,000 per month
Core focus of Dubais 2020 strategy will be to

attract families as tourists through projects in the
pipeline focused towards theme parks, safaris and
holiday homes
Passenger traffic at Dubai International airport

reached 5,973,727 in February, up 5.3% compared
to 5,675,246 recorded during the same month
in 2014. Year to date passenger traffic rose 6.6%
to 12,869,395 passengers, up from 12,075,952
during the first two months of 2014
Dubai airports revenue grew 11% during 2014

due to strong support and increase in revenue
contribution from food & beverage and retail
Emirates Group will recruit 11,000 new staff by

March 2016 as it adds 20 aircraft to its fleet and
expands other operations. Nearly half will be
recruits for Dubai-based cabin crew jobs while
it will also fill positions in flight operations,
engineering, airport services and corporate roles
REAL ESTATE AND CONSTRUCTION

STRONG INVESTOR INTEREST FOR LARGE AND SMALL ASSETS
Nakheel launched approximately 400,000

square feet of office and retail space (70 outlets)
at Golden Mile
construction of residential villas in Dubai to be

delivered in 2016
Cayan Group bought two plots (residential and

hospitality) on Umm Suqeim Road in Dubai, in
addition to a plot for an office building along
King Fahed Road in Riyadh. The combined
investment value was AED1.2 billion
Arabtec Holding won two contracts worth 375

million dirhams ($102 million) from developer
Emaar Properties . Both contracts are for
Sobha LLC, is opening five overseas sales and

marketing offices to attract wealthy investors
to the Dubai real estate market. The new offices
will be in London, Singapore, as well as in Kuwait
City, Doha and Riyadh.
Emaar Properties and Meraas Holding signed a

new joint venture creating a mid-market hotel
brand, Rove Hotels, with 10 locations to open
across Dubai and the region by 2020
SIGNING UP NEW TENANTS; CREATING EMPLOYMENT OPPORTUNITIES
Dubais financial free zone has recorded 2014

as its best year since 2008. DIFC is home to
1,225 companies, 18% more than in 2013 and
employs 17,860 people, 14% more than in 2013
SDV-UAE LLC has opened a new corporate and

warehousing facility in Dubai Airport Free Zone
on a 5,000 sq.m. plot
Dubai Parks & Resorts will be signing off on

project contracts totalling AED7.5 billion this
year, according to the CEO, Raeed Al Nuaimi
TOURISM INITIATIVES
FREEZONES
Yotel, known for its pocket-sized but luxurious

rooms at airports, expects to open its first Middle
East property in 2018 in Dubais Business Bay
TVM Capital Healthcare Partners became the

first company to register a private equity fund
under the new Qualified Investors Fund (QIF)
regime introduced by the Dubai International
Financial Centre (DIFC)
Q1 2015 KEY EVENTS
Dubai Shopping Festival, 1-31 January
Gulf Food 2015, 8-12 February
Standard Chartered Dubai Marathon 2015, 23rd

January
Emirates Airline Dubai Jazz Festival 2015, 25th to

27th February
Omega Dubai Desert Classics 2015, 29th January

to 1st February
Dubai International Boat Show, 3rd to 7th March
Q1 2015
Q1 2015
INVESTOR ANALYSIS
DUBAI LAND TRANSACTIONS
VOLUME vs VALUE
Financial Sector
28%
25,000
8,000
20,000
6,000
15,000
4,000
10,000
2,000
5,000
Trade
12%
Sales Transactions
2
1.5
1
0.5
0
2011
2012
2013
2014E
GROWTH RATE (%)

AND HOUSEHOLD SIZE
8
7
6
5
4
3
2
1
0
2.5
2010
Source: DLD, DED and MPM Properties Research
TOP NATIONALITIES INVESTING IN DUBAI PROPERTY BY REGION 2015 Q1
DUBAI POPULATION (GROWTH & HOUSEHOLD SIZE)

POPULATION (MILLIONS)
-50
Source: DLD, DED and MPM Properties Research
Dubai Statistics Center, and IMF
2009
-30
Sales Transactions
Source: Dubai Chamber of Commerce,
2008
0
-10
Other
11%
10%
20
Sales Value (BnAED)
Hotels & Restaurants

4%
60
40
Q1-12
Q2-12
Q3-12
Q4-12
Q1-13
Q2-13
Q3-13
Q4-13
Q1-14
Q2-14
Q3-14
Q4-14
Q1-15
Government Sector
80
Q1-2015
Manufacturing
10,000
Q1-2014
Transportation
25%
30,000
Q1-2013
Real Estate & Construction
6%
12,000
Q1-2012
4%
Transactions
DUBAI GDP SHARE BREAKDOWN BY ECONOMIC SECTOR - AS AT Q1 2015
DUBAI LAND TRANSACTIONS

QoQ% CHANGE
Value (in Millions)
MACRO TRENDS
UAE
11%
Asia
31%
13%
GCC
Europe
Arab (non GCC)
2015E
18%
Population
Growth Rate
Household Size
Source: DED & Dubai Statistics
27%
DUBAI CPI VS RENTAL

CONTRIBUTION TO CPI Q1 2015
25
101
-5
99
Construction
Source: DED, Dubai Statistics, IMF

& MPM Properties Research
CPI
Q1 2014
Housing CPI
Omani
Bahraini
Iraqi
Egyptian
Kuwaiti
Lebanese
Russia
Jan-15
Jan-14
Jan-13
Jan-12
2015e
2014e
2013
2012
2011
2010
2009
2008
2007
2006
GDP
98.0
-20
2
1
97
-15
Qatari
-10
5
4
Iranian
103
Jordanian
5
0
7
6
Pakistani
105
Saudi
10
British
107
Indian
15
AED Billions
%YoY
TOP NATIONALITIES INVESTING IN DUBAI PROPERTY 2015 Q1
109
20
UAE
DUBAI CONSTRUCTION
ACTIVITY %YOY
Source: DLD
Q1 2015
Source: DLD
Source: Dubai Statistics
Q1 2015
Q1 2015
RESIDENTIAL SECTOR
RESIDENTIAL SUPPLY
Q1 2015 saw 2,000 new apartments and

villas being added to the market, taking the
overall residential (villas and apartments)
supply to 471,000. The delivery pipeline
for Q2-Q4 is estimated to be 19,400 units
handed over, which will put pressure on sales
and rental prices
The residential market is currently inundated
with new projects and off-plan projects are
challenging the existing price bands while
targeting the affordability sector. Town
Square by Nashma, Akoya by Damac, fresh
releases by GIGICO in Silicon Oasis are prime
SAMPLE OF RESIDENTIAL UPCOMING PROJECTS
examples, where residential apartments and

townhouses have been introduced either at a
low price point or payment plans extended to
post completion
Going forward, a shift is expected towards

affordable properties, particularly on plots
in proximity to the expo 2020 site. Luxury
properties therefore need to offer unique
selling points to attract potential buyers: i.e.
having superior finishes that exceed buyers
expectations will be critical for high end
projects to perform to the required levels
LOCATION
PROPERTY NAME
Arabian Ranches
Arabian Ranches - Casa Villas
Culture Village
D1 Tower
Downtown Dubai
Burjside Terraces
Dubai International City
Indigo Spectrum 2
Dubai Marina
Dream Towers / KPM Tower / Marina Wharf Towers
Dubai Silicon Oasis
Aswan Building / Binghatti Palace / La Vista 3
Dubai Sports City
Champions 1 Tower / Champions 2 Tower / Champions 3 Tower / Frankfurt Sports Tower 1

Giovanni Boutique Suites / Kensington Royale
IMPZ
Lakeside
Palm Jumeirah
Palm Views
RESIDENTIAL SUPPLY BY UNITS 2013-2015

YoY
1.9%
3.1%
0.4%
3.3%
2.7%
2.5
500
4
0.3
1.6
3
0
13
15.4
14
8.5
490
443
452
2013
2014
469
SAMPLE OF ANNOUNCED PROJECTS IN Q1 2015
471
NAME OF PROJECT
TYPE
DEVELOPER
LOCATION
Acacia at Park Heights
Apartments
Emaar Properties
Dubai Hills Estate
Hyatt Townhouses
Townhouses
Nshama
Town Square
Grand Horizon 1
Apartments
Gulf General Investments (GGICO)
Dubai Sports City
Reef Residence
Apartments
Reef Real Estate
Jumeirah Village Circle
Downtown Views
Apartments
Emaar Properties
Dubai Mall
Akoya Oxygen
Villas
Damac Properties
Umm Suqeim
Monaco Island
Kleindienst Group
World Islands
400
Existing
Q1 2015
Supply Apartments
Q2-Q4
2015
Supply Villas
2016
+% YoY
Source: MPM Properties Research
The Muraba, Palm Jumeirah
10
11
Q1 2015
Q1 2015
RESIDENTIAL SECTOR
APARTMENT SALE PRICES
The apartment sales market has seen supply

increase in Q1 with a number of new projects
coming to the market
Interestingly most of the newly completed

projects have challenged the existing price
band while targeting the affordability sector.
Town square by Nashma, Akoya by Damac
and releases by GIGICO in Silicon Oasis are
examples of residential apartments and
townhouses that have been introduced to
the market at either low price points or with
attractive payment plans
Mortgage interest rates continue to be very

attractive for buyers and projects offering
finance upon completion are selling at a
faster pace compared to projects that do not
have a mortgage partnership in place. Some
developers, without a mortgage partner in
place, are offsetting this shortcoming by
offering extended payment plans to attract
buyers
The availability / launch of multiple off plan
projects is directly impacting the transaction
volume of finished properties. High quality
apartments within prime locations are still in
demand, with healthy interest being witnessed
during Q1 2015 as asking prices have stabilized
over the last half year and in some cases have
declined slightly
APARTMENT RENTS
Performance of older residential properties

within freehold areas reflects how well, or
otherwise these properties are managed and
maintained. Projects within Dubai Marina
master-plan are a prime example, where well
maintained buildings are out performing the
average or poorly maintained buildings
Many developers are now guaranteeing returns

of up to 10% on furnished properties to attract
buyers and simultaneously offering attractive
payment plans. We expect this trend to
continue during 2015 and buyers will benefit
from the continuation of various incentives on
offer
Muraba released Muraba Residence, a high end

luxury project for sale on the Palm Jumeirah,
offering only 50 units. We have witnessed
strong demand for unique properties with low
density and high quality from HNI buyers. The
HNI buyers are looking for properties that are
either exclusive or provide good rental returns
Currently investors are seeking properties that

offer a minimum gross yield of 7% to 7.5% per
annum. Prospective buyers have a preference
for vacant properties or properties that are
leased at current prevailing market rents
APARTMENT AVERAGE SALES PRICES (Q1 2015)

AND PERCENTAGE CHANGE
-1.9%
-2.0%
-5.0%
-11.9%
+4.5%
-1.9%
+3.3%
-12.1%
-2.0%
YoY +4.3%
+15.8%
+1.0%
-7.5%
+19.3%
-1.1%
+20.8%
-9.4%
+19.5%
Locations with the highest quarter-on-quarter rental increases include

Discovery Gardens (5.4%), Business Bay (3.4%) and Downtown Dubai
(2.6%), while Jumeirah Beach Residence witnessed a rental drop of -2.5%.
Average rents, when compared to same period last year, have performed
remarkably well, led by prime locations including Palm Jumeirah (up 9.7%),
Business Bay (up 9.6%) and Downtown Dubai (up 8.8%).
Downtown Dubai, Sheikh Zayed Road and Dubai Marina continue to be

the most popular residential locations, especially for tenants moving
into the UAE for the first time.
APARTMENT AVERAGE ANNUAL RENT (Q1 2015)

STUDIO
1 BEDROOM
2 BEDROOM
3 BEDROOM
OVERALL QoQ
CHANGE
OVERALL YoY
CHANGE
Business Bay
65
85
125
155
3.4%
9.6%
DIFC
85
115
140
175
-0.2%
8.3%
Discovery Gardens
50
70
95
5.4%
-0.5%
Downtown Dubai
75
90
140
200
2.6%
8.8%
Dubai Marina
65
80
110
160
0.5%
6.0%
Greens
70
85
125
160
0.0%
1.3%
International City
35
47
70
-0.7%
-1.6%
Jumeirah Beach Residence
85
90
120
155
-2.5%
6.5%
Jumeirah Lake Towers
60
75
100
150
0.3%
4.4%
Palm Jumeirah
90
100
150
175
-0.2%
9.7%
TECOM
70
80
110
160
0.0%
2.6%
PROJECT
(AED thousands per annum)
1,434
The Greens
1,450
1,450
Business Bay
1,632
Dubai
Marina
1,730
The Views
Jumeirah Beach
Residence
12
1,786
1,900
DIFC
500
0
Palm
Jumeirah
2,200
Old Town
1,000
Occupancy levels continue to be high for quality developments with

the majority of Landlords retaining existing tenants. Even though
rents are softening, MPM is witnessing strong demand for smaller
apartments of 1 and 2 bedroom sizes.
2,400
2,500
2,000
1,500
Downtown
Dubai
AED/sq.ft.
QoQ
Residential apartment rents have grown 1% quarter-on-quarter and

5% year-on-year on average across Dubai. In Q1 we have witnessed a
stabilization of rents across the Emirate as tenants continue to consider
new options as significant new supply enters the market.
13
Q1 2015
Q1 2015
RESIDENTIAL SECTOR
VILLA SALE PRICES
VILLA RENTS
The villa market witnessed a reduction in sales

values during Q1 2015 after steady gains achieved
during 2014.
Average rents across the majority of villa

developments stabilized in Q1 2015, with some
developments, including Al Furjan and Jumeirah
Park, witnessing a 5% drop in rents quarter on
quarter.
Year-on-year rental change has witnessed high

double digit increases with the Springs and the
Lakes increasing at 20% and 15% respectively.
Jumeirah Park and Arabian Ranches both
increased year on year by 14%.
Villas in the more established areas, including

Jumeirah and Umm Sequim, have seen increased
availability and rents have dropped in these areas
by 2% during Q1 2015.
As villa communities continue to establish

themselves across Dubai the market is seeing a
preference for secured, gated communities, which
has led to an increase in vacancy levels within
some older development.
Whilst values have fallen quarter-on-quarter, they

are still positive year-on-year with developments
including The Lakes and Palm Jumeirah achieving
year on year gains of 16% and 12% respectively.
Q1 2015 saw developers shift away from traditional
high-end luxury villas to relatively smaller villas in
order to target buyers with lower purchasing power.
For example, Al Barari introduced smaller villas
starting at AED7 million and Jumeirah golf estates
introduced townhouses starting at AED3 million.
The lowering of entry prices for luxury villas is a

response to a slowdown in the market in Q1 2015.
The Dubai residential market is also witnessing
a disconnect between asking prices and realistic
current values, with many villa owners not willing
to sell below their quoted prices and buyers
looking to benefit from the slowdown in the
market. Positive infrastructure improvements
are also aiding the disconnect as owners wait
to see if improved connectivity provides value
enhancements to their investments.
AVERAGE VILLA ANNUAL RENT Q1 2015

PROJECT
2 BEDROOM
3 BEDROOM
4 BEDROOM
5 BEDROOM
AVERAGE
QOQ
YOY
160
185
225
190
-5%
1%
Arabian Ranches
150
175
270
320
229
0%
14%
Dubai Sports City
190
250
285
242
-3%
6%
Jumeirah Park
215
275
325
272
-5%
14%
130
140
150
140
-2%
6%
Meadows
230
245
260
245
0%
10%
2,500
Palm Jumeirah
320
350
420
363
0%
-8%
2,000
Springs
135
170
153
0%
20%
200
280
500
327
0%
15%
Al Furjan
AVERAGE VILLA SALES PRICE AED/sq.ft. Q1 2015

QoQ
-1.0%
-2.0%
-5.0%
0.0%
-3.0%
-3.0%
-4.0%
-12.0%
YoY
+12.0%
+16.0%
+2.0%
+5.0%
+5.0%
+2.0%
-7.0%
-3.0%
1,300
1,294
1,250
1,200
1,150
950
Dubai
Sports City
Arabian
Ranches
Jumeirah
Park
Springs &
Meadows
Jumeirah
Village
Al Furjan
500
The Lakes
1,500
1,000
The Lakes
1,500
2,700
AED/sq.ft
3,000
Jumeirah Village
(AED thousands per annum)

Palm
Jumeirah
14
15
Q1 2015
Q1 2015
NON-FREEHOLD VILLA VALUES Q1 2015

AED (Million)
30.0
25.0
25.0
20.0
15.0
15.0
10.0
10.0
5.0
9.0
8.0
9.0
7.0
5.7
4.0
12.0
12.0
10.5
0
Mirdif
Al Jafliya
High
Low
Umm Suqeim
Garhoud
Average
AED (Thousands)
NON-FREEHOLD VILLA RENTS Q1 2015

1,200
1,000
1,000
800
600
600
400
475
525
450
600
500
400
350
350
250
650
200
0
Mirdif
Al Jafliya
High
Low
Umm Suqeim
Garhoud
Average
AED / Sq.ft.
NON-FREEHOLD LAND VALUES Q1 2015

1,000
900
800
700
600
500
400
300
200
100
0
950
750
700
625
560
550
500
350
450
350
Mirdif
Low
600
500
Al Jafliya
High
Umm Suqeim
Garhoud
Average
16
17
Q1 2015
Q1 2015
PROJECT FOCUS
THE MURABA, PALM JUMEIRAH
Ibrahim Al Ghurair launched Muraba in 2014, drawing on his experience to offer distinctive
accommodation that reflects three key values:
Location
Architecture
Enjoyment
The companys current project, Muraba

Residence, Palm Jumeirah, entails the
development of 50 luxury apartments on
one of the worlds most famous manmade
locations Palm Jumeirah.
MR. GHURAIRS INSIGHT:
UAE is the perfect destination and were

lucky to be here because its the window
to a wider region. Within a four-hour flight
radius you can cover almost one-third of
the worlds population, including different
continents and cultures. Its fascinating to be
exposed to that number of people, cultures
and backgrounds. Also, many people come
here on visits, so being able to develop
something here and take it to those clients is
very interesting.
We started Muraba Residence, Palm
Jumeirah project, scheduled for completion
in April 2016, without any preconceptions or
No. of apartments
No. of floors
No. of layout types
Price
visions of what we wanted to look at.

The starting point was finding the right
location and understanding what the market
wanted. This was a collaboration between
our team and the architects. The guiding
principle was always how do we create
something that is an exceptional space and
delivers an enjoyable experience? Wherever
you are in Muraba Residence apartment, you
feel you are in the sea. Whether youre in the
dining room or the kitchen, you always feel
the sea present.
In respect of future plans, we are currently
focused on realizing Muraba Residence,
Palm Jumeirah. We will definitely be looking
at more projects but we are very careful in
terms of selection and location. The same
principle drives what our next development
will be and that will be to deliver an
exceptional experience. Once we have
identified the location. We will probably
move on to the next one.
46 residences; 4 penthouses
10 + basement parking
14 different types
Starting from US$1.3M
APARTMENT SIZES
2 bedroom
3 bedroom
2,386.69 - 2,387.12 ft2
4 bedroom (PH)
6,610.55 - 6,652.85 ft2
AMENITIES

18
1,740.09 - 2,171.62 ft2
Swimming pool
Landscaped gardens
Secure parking
Spa & gym
19
Q1 2015
Q1 2015
OFFICE SECTOR
OFFICE SUMMARY
The market is witnessing a steady supply of

new stock coming on stream which is satisfying
different levels of tenant enquiries, although
demand is typically for offices ranging between
2,500 to 4,000 sq. ft. On the other hand
demand for full floors is limited
The office sector has witnessed a strong start
to the year with a number of developments
completing during Q1 2015 which have
achieved pre-lets. This has not been witnessed
since the 2008 crisis and has resulted in falling
vacancy rates and stabilised sales and rental
prices which in turn is benefitting investors and
tenants alike, especially start-ups and SMEs
2015 will witness various office developments

in single ownership being handed over. This is in
contrast to the last 4-5 years where the majority
of new office developments delivered were sold
on a strata basis and thus owned by multiple
small investors, which in turn precluded large
corporate tenants from leasing offices
OFFICE SUPPLY
Developments that are in close proximity
to the metro, getting fit-out contribution
from landlord, having a healthy car parking
ratio, quality specifications, good lay-outs,
access to F&B and restaurants are seeing high
tenant demand which in turn will lead to high
occupancies and growing rental rates during
the course of 2015
Off-plan office projects being built by
established developers are witnessing strong
interest from investors and tenants, for whom
trust in the quality and expected completion
dates are key considerations
Established business hubs such as prime Sheikh
Zayed Road (close to DIFC and Emirates
Towers) benefit from high occupancy rates and
therefore limited options for companies looking
for office accommodation. Hence the new
emerging commercial areas, such as Barsha
and Tecom, are benefiting from this demand
and Tenants willing to move into emerging
locations are in a superior negotiating position
than in the established areas
1.6 million sq. ft. of new office space entered

the market during Q1 2015, taking the total
supply to 85.3 million sq. ft.
An additional 9 million sq. ft. of new office

space is forecast to enter the market by
the end of 2015 with the majority of this
supply being delivered by a small number of
developers / investors
OFFICE SALES
Capital values for office accommodation have

remained broadly stable across most of the
Emirate during Q1 2015, with the exception
of Dubai Marina and Tecom C that have seen
drops of 10% and 7% respectively quarter on
quarter
Downtown Dubai and DIFC continue to be

the most expensive locations in Dubai with
average sales rates of AED2,450 and AED2,100
per sq.ft. respectively. Sales prices have been
broadly stable quarter-on-quarter in these two
locations
Tecom C has seen an upward yield shift as

rental prices have remained stable against
a drop in sales prices (service charges have
reduced slightly). This has resulted in improving
net yields and higher investor interest as
compared to other mid-market areas
Business Bay continues to be a popular

location with its close proximity to DIFC
and Downtown Dubai. Capital values in
Business Bay are currently circa 55% lower
than DIFC which is attracting interest from
investors. Prices are expected to increase as the
occupancy levels improve across office towers
in Business Bay
DUBAI OFFICE STOCK Q1 2015
Million sq.ft.
100
60
0.2
1.6
3.7
OFFICE AVERAGE SALE PRICES Q1 2015
40
20
10
80
2.5
45
51
2008
2009
59
Dubai Design district saw 430,556 sq. ft. of

office space being delivered during Q1 2015,
creating a new office location hub to meet
demand for mid-size as well as large office
spaces
75
69
81
81
84
85
94
QoQ
0%
0%
-9%
0%
0%
-6.0%
YoY
+11%
+17%
+10%
+35%
+26%
+15%
1,350
1,260
2,500
Stock
2010
2011
Expected
2012
2013
2014
2015
Q1
2015
Q2-Q4
2016
*More office projects with handover dates delayed
AED / sq.ft.
2,000
1,500
2,450
1,000
2,100
1,725
500
0
20
Downtown
Dubai
DIFC
Dubai
Marina
Business
Bay
1,015
Jumeirah
TECOM C
Lake Towers
21
Q1 2015
OFFICE SECTOR
Stable rents and reducing vacancy levels are a

positive sign for the office market, highlighting
limited impact from lower oil prices
DIFC continues to achieve the highest rents in

Dubai, closely followed by Downtown Dubai
and Jumeirah Lake Towers
High
175
120
80
120
200
65
70
150
180
120
Average rents in Tecom C are currently

between AED80 to AED120 per sq.ft. per
annum. Rents at these levels are attracting
SMEs to this location, complimented with
cheap residential accommodation
265
DIC & DMC
Dubais office market occupancy rates are

improving as rent and sales prices remain
stable in the short term
Secondary office locations, including Tecom

C, continue to offer the lowest rents within
newly built office developments
TECOM C
140
Commercial leasing has maintained a

consistent performance during Q1 2015,
unlike residential, which has witnessed price
fluctuations in recent months
AED/sq.ft.
350
300
250
200
150
100
50
0
175
OFFICE RENTS
320
OFFICE RENTS AED/sq.ft. Q1 2015
Low
Occupancy levels in Jumeirah Lakes Towers

and Media City are consistently improving,
signaling these two locations are becoming
established commercial hubs in Dubai
The World
The Palm Deira
Port Rashid
RENT = AED 120 - AED 175 /sq.ft.

Dubai
Marina
AVG. SALE
= AED 1,600 /sq.ft.
Sheikh Zayed Rd.
Media / Internet
City
Jumeirah Lake
Jebel Ali Village
The
The
Towers
Greens
TECOM
Gardens
The Meadows
The
Discovery
Lakes
Gardens
JUMEIRAH
LAKE Jumeirah
TOWERS
Islands
RENT = AED 65 - AED 200 /sq.ft. Emirates Hills
ikh Z
ayed
Rd.
TO
ABU DHABI
ikh
She
in
dB
me
ha
Mo
Al Safa
Karama
.
ayed Rd
Sheikh Z
Burj Khalifa

Barsha
AVG. SALE = AED Al
1,015
/sq.ft.
Al Quoz
IndustrialRENT
Area = AED 120 - AED 180 /sq.ft.
AVG. SALE = AED 1,600 /sq.ft.
IMPZ
Jumeirah Golf
Estates
eik
oh
ed
Bin
Za
ye
d
TO
SHARJAH
Rd
.
ail
a
Ro
d
22
Ras Al Khor
Nad Al Sheba
am
Al Barari
Nad Al
Sheba 2
Legends
Dubai
Land
Al Qusais
Dubai
Garhoud International
Airport
Festival
City
Motor
City
Dubai
Investment
Park 2
Port Saeed
Kh
Dubai
Sport City
hM
Oud
Metha
ZaabeelAVG. SALE = AED 2,100 /sq.ft.
DIFC
The
BUSINESS BAY
Lagoons
Al Marqadh
Al Khail Road
Sh
Business Bay
Rigga
Emirates Towers
DIFC
AlRD.
Quoz
SHEIKH ZAYED
Al Mamzar
Naif
Al
Dubai World Central Airport
Al Sufouh
Jumeirah
Village South
Jumeirah Golf
Estates
Dubai
Investment
Park 1
Jumeirah
Satwa
AlAVG.
WaslSALE = AED 2,450 /sq.ft.
Umm Suqeim
Jumeirah
Village
d.
ed R
Zay
Al Raffa
DOWNTOWN DUBAI
TECOM C

Jumeirah
Park
The Springs
Jebel Ali
Industrial Area
Burj Al Arab
Umm Suqeim Road
Jebel Ali Freezone

She
The Palm
Jumeirah
DIC & DMC
Jebel Ali Port
Arabian
Ranches
Murdif
Dubai
Land
Dubai
Land
Mushrif
National Park
Sheikh Mohame
d Bin Zayed Rd.
International
Q1 2015
RETAIL SECTOR
Q1 2015
DUBAI RETAIL MALLS GLA BY AREA Q1 2015
Prime retail mall space continues to be in high

demand which has seen strong rental growth of up
to 10% during Q1 2015. Malls are a prime driver of
tourist spending with mall managers focusing on
enhancing overall customer experience leading to
healthy tourist footfalls from GCC countries, China
and India.
The retail sector is benefiting from various Dubai
Government initiatives aimed increasing tourist
numbers and tourism anchors as Dubai becomes
RETAIL SUPPLY PRE-2010
a hub for leisure, variety in shopping and cultural

experiences.
Continuing development of convenience,
community and strip retail using Jumeirah (Al
Wasl and Jumeirah Beach Roads) as examples is
proving popular with Dubais resident population
and we expect this segment of the market to
remain a focus for developers as they seek to
enhance the overall offering of their projects to
drive demand and value.
Deira - 25%
Dubailand - 8%
Community - 11.3%
Community - 3.34 million sq.ft.
Mirdif - 16%
Dubai Marina - 4%
Neighborhood - 6.2%
Neighborhood - 1.8 million sq.ft.
Business Bay - 16%
Jebel Ali - 4%
Regional - 14.1%
Regional - 4.2 million sq.ft.
Bur Dubai - 14%
Jumeirah - 3%
Sub-Regional - 33.6%
Sub-Regional - 9.9 million sq.ft.
Barsha - 9%
Jumeirah Park - 1%
Super Regional - 34.8%
Super Regional - 10.2 million sq.ft.
PRIME SHOPPING MALL AVERAGE RENTS - Q1 2015
DUBAI RETAIL MALLS CLASSIFICATION
NEW SUPPLY DELIVERED 2010-2015
Q1 2015
Line Shops
Food Court
Restaurants
Flagships
Mini Majors
Hypermarket
Cinema
Anchors
AED/sq.ft.
1,200
1,100
1,000
900
800
700
600
500
400
300
200
100
0
Community - 22% - 200 - 0.5 million sq.ft.
Super Regional - 0.59 million sq.ft.
Neighborhood - 32% - 0 - 0.2 million sq.ft.
Neighborhood - 2.1 million sq.ft.
Regional - 11% - 1m - 2 million sq.ft. +

Sub-Regional - 21% - 500 - 1 million sq.ft.
Super Regional - 14% - 2 million sq.ft.
NEW BRANDS
of Fraser. Supertrash has a current network of
c.2,000 boutiques and 15 brand stores in locations
around the globe, including London, Amsterdam
and New York. Opening stores in Dubai will add
to the strength of Dubais already significant retail
offerings.
DUBAI RETAIL MALL STOCK Q1 2015

50
GLA sq.ft.
Iconic fashion labels, Nicole Fahri and Supertrash,

may be considering securing footholds in the
region, with reported talks in progress with some
of Dubais largest retail owners and operators, to
open regional flagship stores in Dubai. Nicole Fahri
currently has dedicated stores in London and is
also stocked in both Harvey Nichols and House
40
2.1
0.1
0.1
0.03
0.3
1.1
31.6
31.8
31.9
31.9
32.2
2011
2012
2013
2014
2.3
3.9
2.5
30
20
10
29.5
33.2
34.6
38.5
2016
2017
0
2010
Stock
23
2015 Q1 2015 Q2-Q4
Expected - *Includes all retail malls with a GLA greater than 25,000 sq.ft.
24
Q1 2015
Q1 2015
HOTEL SECTOR
DUBAI HOTELS PERFORMANCE - 2014 & YTD 2015
1,200
Hotel apartments continue to perform

well, assisted by longer term stays (4-7
days), which has helped in maintaining high
occupancy and stable RevPar during Q1
2015. Adagio is the latest hotel apartment
establishment to enter the market during Q1
2015 with 198 keys
The Dubai Government is maintaining its

support of the tourism sector with the focus
now being on expanding into new segments
including Islamic and film tourism. These
strategic initiatives will assist in growing
200
Investor interest for hotel acquisitions

continues to be healthy with a focus on 3
and 4 star properties in good locations with
experienced and reputable operators in place.
The majority of properties available for sale
however are those that have a local operator
which has impacted the potential to increase
ADRs
0%
ADR
March
Feb
Jan-15
Dec
Nov
Oct
Sept
Aug
July
May
June
Chinese tourists are the fastest growing

nationality in Dubai and are expected to
become a significant proportion of total
guest arrivals over the next 4-5 years. Some
hotels are already recruiting more mandarin
speaking staff to cater for this growing
segment of the market
April
40%
400
March
tourist numbers and support the increasing

hotel room supply
60%
Feb
Over 1,100 hotel rooms were added to the

Dubai market during Q1 2015 with 70%+
being in the 5 star category. The increase in
5 star rooms and a drop in Russian tourists
has contributed to a 9% decline in RevPar in
comparison with the same period last year
800
600
Jan-14
AED
FOCUS ON ISLAMIC AND FILM TOURISM TO HELP GROW TOURIST NUMBERS OVER THE
SHORT TO MEDIUM TERM
100%
1,000
Occupancy
HOTEL SUMMARY
Occupancy
RevPAR
HOTELS - NEW SUPPLY Q1

HOTEL NAME
LOCATION
STAR
DATE
NUMBER OF KEYS
Hyatt Regency Dubai

Creek Heights
Bur Dubai
5 Star
Q1 2015
464
Pullman Dubai
Jumeirah Lakes Towers
Jumeirah Lakes Towers
5 Star
Q1 2015
354
Lapaz Hotel
Old Dubai
1 Star
Q1 2015
31
Manhattan Hotel
Bur Dubai
1 Star
Q1 2015
66
Adagio Premium Dubai

Al Barsha
Al Barsha
Hotel Apartment
Q1 2015
198
LOCATION
STAR
DATE
NUMBER OF KEYS
Deira
1 Star
Q2 2015
43
Burj Khalifa
5 Star
Q2 2015
296
InterContinental Dubai
Marina
Marina
5 Star
Q2 2015
328
Palazzo Versace Dubai
Culture Village
5 Star
Q2 2015
204 rooms +
169 residences
St. Regis Dubai
Sheikh Zayed Road
5 Star
Q4 2015
233
Milestone Hotel
Apartment
Bur Dubai
3 Star
Q2 2015
56
No. of Rooms ('000s)
DUBAI HOTEL ROOMS SUPPLY (2012 - 2016)

100
79
80
83
2012
2013
2014 Q1-Q3
4.4
18
80
60
40
91
92.1
2015 Q1
2015 Q2-Q4
96
SAMPLE OF UPCOMING SUPPLY
20
HOTEL NAME
0
Existing Supply
New Supply
25
1.1
2016
Emirates Hotel
Taj Dubai
26
Q1 2015
DEFINITIONS & METHODOLOGY
RESIDENTIAL
New residential developments are classified as
delivered and thus entered into the new supply
category when they are made available for
occupation. This is verified via a combination of
site inspections and discussion with the developer
and hence our supply numbers do take into
consideration the phased release of large projects.
Rental and sales trend analysis is based on
transactional data derived from the MPM
Properties Agency team and data sourced from
developers and owners.
OFFICES
New office developments are classified as delivered
and thus entered into the new supply category
when they are available for tenant fit-outs.
Given the general lack of transparency in the
local market rents quoted are headline rents, thus
exclude any rent free period of other financial
RETAIL
New retail developments are classified as delivered
and thus entered into the new supply category
when the first units are open and trading.
Our classification of malls is based on our
own assessment having regard to size and
the catchment area which the mall typically
penetrates.
HOSPITALITY
New hotels are classified as delivered and thus
entered into the new supply category when they
are opened and trading. All trading performance
data is provided by DTCM.
FUTURE SUPPLY PROJECTIONS

Our future supply projections across all sectors are
based on a combination of regular site inspections
and discussions with developers.
ADDING VALUE TO YOUR PROPERTY INTERESTS

We provide reports, information and presentations
derived from primary market data that directly assist
our clients to save or make money from real estate
and shape strategies to enhance value.
DISCLAIMER:
The information contained in this report has been obtained
from and is based upon sources that MPM Properties believes
to be reliable, however, no warranty or representation,
expressed or implied, is made to the accuracy or completeness
of the information contained herein, and same is submitted
subject to errors, omissions, change of price, rental or other
conditions, withdrawal without notice, and to any special
listing conditions imposed by our principals. MPM Properties
will not be held responsible for any third-party contributions.
All opinions and estimates included in this report constitute
MPM Properties, as of the date of this report and are subject
27
Q1 2015
incentives that may have been negotiated between

the parties. The rents quoted are also exclusive of
service charges.
BESPOKE CLIENT RESEARCH

The ADIB Real Estate Services team covers all
sectors of the real estate market. We provide
bespoke market research to our valued clients to
meet their specific requirements.
A collaborative team providing

our integrated services
RESEARCH STUDY AREA

The geographic extent of the study area covers the
key districts in Dubai.
to change without notice. Figures contained in this report are

derived from a basket of locations highlighted in this report
and therefore represent a snapshot of the Dubai market.
Due care and attention has been used in the preparation
of forecast information. However, actual results may vary
from forecasts and any variation may be materially positive
or negative. Forecasts, by their very nature, involve risk
and uncertainty because they relate to future events and
circumstances which are beyond MPM Properties control.
For a full in-depth study of the market, please contact MPM
Properties team.
PAUL MAISFIELD BSC (HONS) MRICS

CEO
T: +971 (0)2 610 0545
M: +971 (0)50 660 9437
paul.maisfield@adib.com
ABDULLAH SAID AL KUWEITI

Business Development Director
T: +971 (0)2 610 1554
M: +971 (0)50 623 5854
abdullahs@mpmproperties.ae
YOUSEF AL ZAROONI
Regional Head Al Ain
T: +971 (0)3 708 8636
M: +971 (0)50 600 1002
yousef.alzarouni@mpmproperties.ae
ABDELAZIZ AMAROUAYACHE
Regional Head Northern Emirates
T: 971 (0)6 597 2514
M: +971 (0)50 656 2486
a.abdelaziz@mpmproperties.ae
VAIBHAV SHARMA MCOM; MDBA

Head of Strategic Advisory and Research
T: +971 (0)2 412 8914
M: +971 (0)50 660 9295
vaibhav.sharma@adib.com
SAMUEL MORRIS BSC (HONS) FRICS

Head of Valuation & Acting
Regional Head - Dubai
T: +971 (0)4 371 9466
M: +971 (0)50 107 1704
s.morris@mpmproperties.ae
FRANK ODWYER MBA (Hons); BEng.

Director of Property Management
T: +971 (0)2 610 0402
M: +971 (0)50 812 1070
f.odwyer@mpmproperties.ae
JUBRAN AL HASHMI
Head of Property Services
T: +971 (0)2 610 0232
M: +971 (0)50 122 0041
jubran@mpmproperties.ae
WAHIDA KARAMA
Head of Property Operations
T: +971 (02) 610 0435
M: +971 (0)50 765 7679
Wahida.Karama@MPMProperties.ae
VINEET KUMAR
Head of Agency Dubai
T: +971 (0)4 371 9462
M: +971 (0)50 651 6491
vineet.kumar@adib.com
KHALED CHAHAL
Head of Agency Abu Dhabi
T: +971 (0)2 412 8402
M: +971 (0)50 110 2929
k.chahal@adib.com
KHALED AL SOLH BSC MRICS

Head of Valuation Abu Dhabi
T: +971 (0)2 610 0085
M: +971 (0)50 722 9718
khaled@mpmproperties.ae
MOHAMED AL ZOUBI
Head of Development Advisory
BSc Civil Engineering
T: +971 (0)2 610 0564
M: +971 (0)50 310 3570
mohammedalzoubi@mpmproperties.ae
28
Q1 2015
SUPPLY - PHOTO GALLERY
NEW SUPPLY Q1 2015
SAMPLE OF UPCOMING PROJECTS
RESIDENTIAL
RESIDENTIAL
CENTRAL PARK DIFC
DREAM TOWER
ffvvc
3
JVC NAKHEEL VILLAS
RABIA TOWER
MAJAN
LAKESIDE- IMPZ
LINCOLN PARK - DAMAC
FUTURE TOWER
THE VOGUE
OFFICE
OFFICE
1
DESIGN DISTRICT
ffvvc
3
BAY GATE
PRIME BUSINESS
CENTER - ARJAAN
REGAL TOWER
OPUS
LILIAN TOWER
ONYX
THE EXCHANGE
FESTIVAL CITY
MALL OF THE
EMIRATES EXPANSION
CITY WALK
(PHASE 2 & PHASE 3)
RETAIL
1
BURJUMAN
EXTENSION
HOTEL
1
HYATT REGENCY
PULLMANN
MANHATTAN HOTEL
ADAGIO HOTEL
HOTEL
5
29
VICEROY
ONE AT PALM
JUMEIRAH
W HOTEL
HILTON GARDEN INN
Q1 2015
The World
Q2 2014 NEW SUPPLY
UNDER
CONSTRUCTION
Q1 2015 NEW
SUPPLY
UNDER CONSTRUCTION
The
Palm Deira
Residential
ResidentialResidential
Residential
Offices
Offices
Offices
Offices
Retail
Retail
Retail
Hotels
Hotels
Retail
Port Rashid
Hotels
Hotels
The Palm
Jumeirah
Burj Al Arab
Dubai Marina
Media / Internet
City
Jumeirah2 Lake
The
The
7
Towers
Greens
TECOM
rdens
The Meadows
The
scovery
Lakes
ardens Jumeirah
Islands
Emirates Hills
2
Umm Suqeim
Al Sufouh
ayed
Sheikh Z
4
8
Al Barsha
The Springs
Al Wasl
Al Safa
Umm Suqeim Road
Jumeirah
Park
Al Quoz
Industrial Area
7
5
Al Quoz
Burj Khalifa
1
1
6
DIFC
1
4
Business Bay
Rigga
Emirates Towers
Port Saeed
Zaabeel
8
1
Oud
Metha 1
Al Qusais
The
Lagoons
Dubai
Garhoud International
Airport
Al Marqadh
Sh
eik
Dubai
Sport City
hM
oh
am
Festival
City
ed
2
Bin
Ras Al Khor
Nad Al Sheba
7
Za
Rd
.
a
Ro
Al Barari
Nad Al
Sheba 2
Legends
Dubai
Land
TO
SHARJAH
il
ha
Motor
City
ye
d
K
Al
Jumeirah Golf
Estates
Karama
Rd.
Jumeirah
Village South
IMPZ
Satwa
Al Mamzar
Naif
Al Khail Road
Jumeirah
Village 3
eirah Golf
Estates
Al Raffa
Jumeirah
Arabian
Ranches
6
Dubai
Land
Sheikh Mohamed
Dubai
Land
Global Village
Murdif
Dubai
Land
Mushrif
National Park
Bin Zayed Rd.
International
City
City of Arabia
Dubai
Silicon Oasis
Dubai
Land
TO
AL AIN
Dragon
Mark
TO
HATTA & OMAN
PAUL MAISFIELD BSC (HONS) MRICS

CEO
T: +971 (0)2 610 0545
M: +971 (0)50 660 9437
paul.maisfield@adib.com
SAMUEL MORRIS BSC (HONS) FRICS

Head of Commercial Valuation
& Acting Regional Head - Dubai
T: +971 (0)4 371 9466
M: +971 (0)50 107 1704
s.morris@mpmproperties.ae
VAIBHAV SHARMA MCOM; MDBA

Head of Strategic Advisory and Research
T: +971 (0)2 412 8914
M: +971 (0)50 660 9295
vaibhav.sharma@adib.com
VINEET KUMAR
Head of Agency Dubai
T: +971 (0)4 371 9462
M: +971 (0)50 651 6491
vineet.kumar@adib.com
FRANK ODWYER MBA (Hons); BEng.

Director of Property Management
T: +971 (0)2 610 0402
M: +971 (0)50 812 1070
f.odwyer@mpmproperties.ae
DUBAI OFFICE CONTACT DETAILS

Office 004 - Level 100
Arenco Tower, Dubai Internet City
Dubai
Tel. +971 (0)4 371 9462

Email. vaibhav.sharma@adib.com
www.mpmproperties.ae
WAHIDA KARAMA
Head of Property Operations
T: +971 (02) 610 0435
M: +971 (0)50 765 7679
Wahida.Karama@MPMProperties.ae

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REAL ESTATE SERVICES

DUBAI REAL ESTATE

MPM PROPERTIES FACTS AND FIGURES

Capital values for office accommodation have remained

Q1 2015 saw 2,000 new apartments and villas being

TOTAL UAE STAFF

PROPERTY MANAGEMENT STAFF

Many developers are now guaranteeing returns of up

Prime retail mall space continues to be in high demand

COMBINED MARKET VALUE OF PROPERTIES

Development Location Map

REAL ESTATE SERVICES

| DUBAI REAL ESTATE MARKET OVERVIEW

REAL ESTATE SERVICES

| DUBAI REAL ESTATE MARKET OVERVIEW

SECTOR SUMMARY - ABU DHABI & DUBAI COMPARISON

Q1 2015 New Supply

Q1 2015 New Supply

Q1 2015 New Supply

Average Grade A Rents

Average Grade A Y.o.Y

Grade A Average Service

Q2-Q4 2015 Future

Q2-Q4 2015 Future

Q2-Q4 2015 Future

REAL ESTATE SERVICES

| DUBAI REAL ESTATE MARKET OVERVIEW

REAL ESTATE SERVICES

| DUBAI REAL ESTATE MARKET OVERVIEW

ATTRACTING ENTREPRENEURS; IMPROVE EASE OF DOING BUSINESS

IMPROVING ACCESSIBILITY AND REACH TO DUBAI; CREATING JOBS

The President, His Highness Sheikh Khalifa bin

The Dubai Government has proposed developing

Core focus of Dubais 2020 strategy will be to

Passenger traffic at Dubai International airport

Dubai airports revenue grew 11% during 2014

Emirates Group will recruit 11,000 new staff by

REAL ESTATE AND CONSTRUCTION

Nakheel launched approximately 400,000

construction of residential villas in Dubai to be

Cayan Group bought two plots (residential and

Arabtec Holding won two contracts worth 375

Sobha LLC, is opening five overseas sales and

Emaar Properties and Meraas Holding signed a

SIGNING UP NEW TENANTS; CREATING EMPLOYMENT OPPORTUNITIES

Dubais financial free zone has recorded 2014

SDV-UAE LLC has opened a new corporate and

Dubai Parks & Resorts will be signing off on

Yotel, known for its pocket-sized but luxurious

TVM Capital Healthcare Partners became the

Q1 2015 KEY EVENTS

Dubai Shopping Festival, 1-31 January

Gulf Food 2015, 8-12 February

Standard Chartered Dubai Marathon 2015, 23rd

Emirates Airline Dubai Jazz Festival 2015, 25th to

Omega Dubai Desert Classics 2015, 29th January

Dubai International Boat Show, 3rd to 7th March

REAL ESTATE SERVICES

| DUBAI REAL ESTATE MARKET OVERVIEW

| DUBAI REAL ESTATE MARKET OVERVIEW

GROWTH RATE (%)

Source: DLD, DED and MPM Properties Research

TOP NATIONALITIES INVESTING IN DUBAI PROPERTY BY REGION 2015 Q1