Professional Documents
Culture Documents
Table of contents
Dubai a city arisen from Desert
Prices
Projects
Expo 2020
Conclusion
The transformation
Village======>Metropolis
Sand Desert Rub Al Chali covers two thirds of UAE
Access to ocean of large importance regarding Dubais
development
7 Emirates differ in economic and political significance
importance
Measures of Diversification
Diversification generating independence from oil
sector
Expansion export-import industries, enlarging
infrastructure and financial structure
Real estate business already key function during
oil boom
Government investing in real estate to attract
tourists
Measures of Diversification
Competition in real estate sector improving itself by
investors
Speculators/Investors expect different growth in
ernings out of estate
Overpopulation property prices
Investors decrease demand extract capital
Oversupply properties by lack of demand
ownership in 2003
Structural change
Strong shift in demand due to international investors
volume
Drop in prices of luxury real estate by almost 20%
Prices decline for residential and commercial
properties for almost 30%
Weakness
Inorganic growth
Low growth in local
population
Islamic banking
Dependence on FDI
Government dependence on
loans
Conservatism from religion
point of view
Strength
Access to funds
Presence of big developers
Supportive government
Logistics and infrastructure
Technology and innovation
Quality standard of living
Transparency in trade
SWOT
Land availability
Government promotions and
marketing
Attracting more expats by
industry
Conducive government laws
and regulations
Pegged currency
Opportunities
Threat
SWOT
Current Situation
Increase in transactions
2012: 50%
2013: 60%
Building again : Dubai Downtown, residential and office buildings
Demand has changed
Economy grew by 4.5%in 2013
Again seen as an oasis of stability
Office rents have grown
There is new trend of giving re-renting properties which causes price
to rocket
Projects
Dubai wants to bring the focus back on their real
estate market
7 major postponed projects are taken up back again
Palm Deira
Replica of the Champs Elsyee
Taj Arabia ($273,000,000)
Alladin city
EXPO 2020
Will run from 20th Oct 2020 until the 10th April 2021
25,000,000 visitors and 250 exhibitors are expected
Invest about 6.5billion Us-dollars into the expo area
43 hectare site is divided into two parts
Planning a new city around exhibition site
All major site constructions are expected to be completed
by 2019
Advantages
Conclusion
Demographic
Instil Islamic values in the expat population rather than protect the identity
Freehold laws should be extended to specific locations to give a feeling of
ownership to foreigners increasing demand
Strategic
Adaptation
Fulfilling local tastes and preferences like retail and hospitality
Fulfilling religious needs like temples and churches
Green city initiatives for expats
Aggregation
Journey so far
Thats it!!