All Freehold Leasehold

All Apartment Villa Ground Villa Plot Duplex Penthouse Townhouse Retail Showroom Office Labour Camp Warehouse Industrial Sheds Building Restaurent Hotel Apartment Condo

All 200,000 to 300,000 300,000 to 400,000 400,000 to 500,000 500,000 to 600,000 600,000 to 700,000 700,000 to 800,000 800,000 to 900,000 900,000 to 1,000,000 1,000,000 to 2,000,000 2,000,000 to 3,000,000 3,000,000 to 4,000,000 4,000,000 to 5,000,000 5,000,000 to 6,000,000 6,000,000 to 7,000,000 7,000,000 to 8,000,000 8,000,000 to 9,000,000 9,000,000 to 10,000,000

All 1 2 3 4 5 6 7 8 9 10 Studio

All Abu Dhabi Ajman Business Bay Culture Village DIFC DIP Discovery Gardens Downtown Downtown Jebal Ali Dubai Lagoon Dubai Marina Dubai Maritime City Dubai Silicon Oasis Dubai Sports City Dubai Water Front Dubai World Central Dubailand Egypt Emirates Living IMPZ International City Jordan Jumeirah Islands Jumeirah Lake Towers Jumeirah Village South Mamzar Morocco Motor City Qatar Ras Al Khaimah TECOM The Dubai Ind. City The Lagoons The Palm The World Tunisia Umm Al Quwain USA

Dubai is so much more than a tourist destination at the beach: it is the biggest construction zone of the world, an awesome human experiment of forced urbanization and will be host of the biggest man made world records in 2008 , Ambitious mixed-use urban developments featuring luxury residences, hotels and office blocks, huge shopping malls and imaginative entertainment complexes are rapidly changing the face of Dubai emirate and are putting the Dubai property market on the world stage. The catalyst for much of this expansion was the emirate’s decision to allow non-nationals to purchase freehold property. In addition, the emirate is developing major commercial and industrial zones such as Jebel Ali Airport City. All of this unprecedented expansion necessitates a virtual reworking of the emirate’s infrastructure.

Nakheel’s development of The Palm, Jumeirah and The Palm, Jebel Ali. These are massive man-made islands in the shape of a palm linked to the mainland by a bridge. Reclamation work is also progressing rapidly on The Palm, Deira. This, the last of the three ambitious residential island projects, is connected to mainland Dubai by a stretch of reclaimed land close to Al Hamriyah Port. Reclamation is also well under way on The World project. Due for completion in 2008, this cluster of 300 artificial islands in the shape of the seven continents is located 4 kilometres off the coast between Burj Al Arab and Port Rashid.

Total investment by Nakheel in Dubai’s booming property sector, including the above projects, Jumeirah Islands, International City, Ibn Battuta Mall and Discovery Gardens, exceeds Dh92 billion to date. This is set to increase dramatically in the near future since Nakheel has been working on a spectacular new project for over a year: a new company, Dubai Waterfront (DWC), has been launched to develop an 81-million-square-metre, water-themed, mixed-use destination 35 kilometres south west of Dubai City on the border with Abu Dhabi. Up to 750,000 people will live in Dubai Waterfront’s ten districts or diversified zones incorporating 250 master-planned communities and a downtown area, Madinat Al Arab. The first phase will take five years to complete, commencing in 2006. Unlike other Dubai projects where the government has been involved in developing roads, power and water facilities, Dubai Waterfront’s basic infrastructure will be developed by DWC.

In April 2005, a syndicate of three UAE banks, Mashreqbank, Emirates Bank International and Abu Dhabi Commercial Bank, signed an agreement to provide the required contracting finance for the consortium chosen to construct EMAAR’s iconic Burj Dubai Tower, valued at Dh3.2 billion and soon to become the world’s tallest building. Due for completion by end of 2008, the Burj Dubai Tower will be the centrepiece of the 500-acre, £4.3 billion ‘Downtown Dubai’ development. EMAAR has also been instrumental in a major re-shaping of the outskirts of Dubai with residential and leisure projects such Arabian Ranches and Dubai Marina.

Dubai’s property developers have focused on the fact that the UAE is conveniently located amidst 3.2 billion consumers from countries such as Iran, India, Pakistan and other Middle East states. In particular, estimates by industry experts that the Emirates’ retail business will be worth Dh183.5 billion by 2010 have encouraged a revitalisation of this sector. EMAAR properties’ Dubai Mall, with a gross leasable area of 351,000 square metres in the new ‘Downtown Dubai’, is just one of the mega-malls planned for Dubai. Mall of Arabia to be located in Dubailand is destined to be the largest in Dubai. Majid Al Futtaim’s 223,000 - square-metres, Dh3 billion Mall of the Emirates, is already operational. Superlative retail is not the only experience on offer in these malls. Leisure facilities will also be second to none. For example, The Middle East’s first indoor ski resort was opened in September 2005 at Mall of the Emirates.

Dubai Festival City, the superstructure of the Festival Centre, the City’s 2.42 million-square-metre centrepiece that is located on the banks of Dubai Creek. The Festival Centre will feature more than 400 shops and 70 restaurants and cafes spread across four themed pavilions on the waterfront. The first phase of the Festival Centre, the retail park, featuring a number of international flagship stores, opened in November 2005. Construction of the final component, a 12-cinema complex, is due to begin in 2006. The Festival Centre is situated around the 150-berth Festival Marina. In the meantime, construction work on the Al Badia golf course clubhouse is on schedule to be completed very soon.

When it is completed in 2020 Dubailand will have 279 million square metres of facilities, including 50 themed entertainment, retail, and sports parks, double the size of Disneyworld. It will house 300,000 residents and cater to more than 200,000 visitors daily. The first phase of the Dh50 billion project will be opened in 2008. In the meantime, the Dubai government is investing more than Dh3 billion in infrastructure.

Groundwork on Dubai Sports City (DSC), the world’s first integrated purpose built sports city and a major component of Dubailand, commenced in mid-2005. DSC encompasses 46.5 million square metres of sporting facilities, four stadia, sports academies, residential and commercial real estate, hotels, entertainment outlets, international schools, a medical centre and a shopping mall. The total
development cost for the DSC component of Dubailand will be Dh7.34 billion.

In 2005, Dubai Development and Investment Authority (DDIA), the promoters of Dubailand, signed an agreement to set up the Dh5.5 billion ‘Falcon City of Wonders’. The falcon-shaped project is spread over an area of 4 million square metres and is divided into five overlapped phases, with the first phase commencing in the first quarter of 2006. Falcon City of Wonders will contain commercial, residential, educational, entertainment and leisure amenities built as replicas of famous international attractions such as the Pyramids, the Hanging Gardens of Babylon, the Eiffel Tower, the Taj Mahal and the Leaning Tower of Pisa.

Plans for Dubailand’s Dh7.2 billion ‘City of Arabia’ were unveiled in April 2005. The development will include a 930,000-square-metre mall, a dinosaur theme park inhabited by 100 life-size animatronic dinosaurs, a cluster of towers and residential and commercial areas. The 46,500-square-metre ‘Restless Planet’, set to open in 2008, will be developed in collaboration with the Natural History Museum of London.

It was also announced in 2005 that work will commence in 2006 on the region’s most extensive themed resort to date. ‘Aqua Dunya’, costing Dh7 billion to develop, will cover an area of 744,000 square metres. Opening in 2008, it will have over 36 wet and dry rides, adventure islands, a luxury hotel in the form of a cruise ship and 3400 residential apartments.

Dubai International Financial Centre (DIFC), which, it is hoped, will place Dubai alongside Singapore, Frankfurt and Hong Kong on the world’s financial markets, is being built as an integrated city-centre concept on 110 acres near the Emirates Towers Hotel. Forty-five per cent of DIFC real estate development will be completed by the end of 2006, while the remainder is due for completion by the end of the decade. DIFC is but one of a wide range of purpose-built commercial and industrial areas that are rapidly changing the face of the city.

Dubai City’s population of an estimated 1.086 million at the beginning of 2005 is expected to reach 3 million in 2020, and studies indicate that the number of vehicles on Dubai’s already congested roads will triple in the near future. The unprecedented scale of development outlined above is also putting increased pressure on the system. Dubai Municipality’s annual budget exceeds Dh1.28 billion, with approximately 90 per cent allocated to infrastructure development. The emirate plans to invest over Dh22 billion in infrastructure-related projects in the medium term: Dh16.5 billion is earmarked for the light rail transit (LRT) development, around Dh1.83 billion will be spent on roads and bridges, Dh1.1 billion on drainage and irrigation and Dh2.56 billion on general projects.

Dubai’s road network is under continuous expansion with over 20 major new projects under construction or recently completed, including a 1.5-kilometre tunnel under the airport and a new 12-lane bridge across Dubai Creek. Work on the Dh388 million bridge project began in February 2005. This third bridge is intended to take the pressure off Sheikh Zayed Road, Al Garhoud Bridge, Maktoum Bridge and the Shindagha Tunnel.

Investment in public transport is a major component of Dubai’s plans for the future. This service will be vastly improved once the high-tech, driverless, light rail transit (LRT) comes on-stream. Dubai Municipality will now finance the entire project instead of a previously planned 10 per cent. In May 2005 a contract worth Dh12.45 billion was signed with Dubai Rapid Link (DURL), a consortium of four companies contracted to build the LRT. The consortium also won a Dh1.88 billion contract to carry out maintenance of the project for 15 years. The project will be constructed in two phases over a period of 55 months with phase one taking 49 months and the overlapping phase two requiring 35 months. About 14 per cent of the total civil engineering work is to be carried out underground.

The Dubai Electricity and Water Authority (DEWA) signed contracts worth Dh7 billion in 2005 as part of its projected Dh20 billion investment to expand capacity by 2012 to around 10,000 MW of electricity and 370 mg/d of water. These increases are vital to keep pace with demand in an emirate that is experiencing massive development, especially in high-consumption tourist facilities.

The UAE has a well-developed, technologically-advanced telecommunications infrastructure and has high mobile telephone (over 95 per cent) and Internet penetration (40 per cent). Since 1976 majority government-owned telecoms corporation Etisalat, a World Top 500 company in terms of market capitalisation, has operated, maintained and developed the national and international fixed-line network, mobile telephony, Internet access and cable TV services. However, recent government decisions provide for the deregulation of the market, leaving the way open for other operators to offer mobile and fixed line telephony in accordance with the legal framework being implemented by the Telecommunication Regulatory Authority (TRA). A decree issued in September 2005 by Sheikh Khalifa revised articles that dealt with deregulation. The new Article 2 establishes a committee to oversee the telecommunications sector, to be called the ‘Higher Committee for Supervision of Telecommunications Sector’. This has four members, including its chairman, representing the Ministry of Presidential Affairs, Court of the Vice President and Ruler of Dubai and the Council of Ministers. The Ministry of Communications has been tasked by the decree to represent the Government’s share in Etisalat. An 11-member board of directors will run the corporation, seven of whom, including the board’s chairman, shall represent the Government while the rest will be elected by shareholders for a tenure of three years. All rules in contravention of the new promulgated law are now superseded.

Etisalat also provides specialised services through subsidiaries such as the cable TV company E-Vision. More than three quarters of the UAE’s Internet users connect through snailpaced dial-up phone lines. This is set to change with the launch of Al Shamil.

Whatever the scope of the newly-liberalised UAE telecom market, a new operator will probably have to rely on Etisalat’s telecommunication backbone, depending on the kind of service in question. In fact, commercial operations that resell telecommunication services to third parties already exist, though the operators are, in effect, government companies, namely Dubai Internet City (DIC) and the real-estate company EMAAR. DIC is virtually the telecommunication provider (fixed lines and Internet) for over 1500 companies currently based in DIC, Media City and Knowledge Village. It buys bandwidth from Etisalat and internally handles all related infrastructure and services, including billing and support. Meanwhile, EMAAR, which is spearheading mass development of modern residential clusters aimed for expatriate ownership and rental, is in turn buying bandwidth from DIC to cater for the telecommunication needs of what will eventually be tens of thousands of tenants.

Emirates Postal Corporation (EPC or EmPost) was formed in 2001 following restructuring of the UAE General Postal Authority to assist in reorganisation of the existing postal service in line with global developments. The introduction of integrated IT systems, automated sorting centres and agreements with international postal authorities improved efficiency and enabled a reduction in postal tariffs. Alliances with world giants such as Western Union and DHL facilitated the introduction of money transfer services and cross-branded products like ‘International Express’ whereby consignors using Emirates Post packaging can utilise DHL’s airway bill system and worldwide network. This process is ongoing and Emirates Post have announced plans to purchase a 60 per cent stake in Wallstreet Exchange Centre’s operations in the UAE, Middle East, Europe, Asia and America.

As part of Emirates Post strategy to diversity its services and transform UAE post offices into one-stop shops, several new non-postal services are available at its network of 77 post offices, including consumer banking in alliance with Union National Bank, prepaid telephone cards, payment of utility bills, provision of Internet stations, sale of mobile phones and accessories, prepaid parking cards, payment of parking fines, degree verification and sale of stationery items. Some post offices will also offer E-Vision subscriptions.

Emirates Post has also forged ties with private sector companies such as Air Arabia and Cellucom. EPC has lined up a number of new initiatives that will see the corporation consolidating its status on the regional and international map, including plans to have its own fleet of aircraft for cargo services and the acquisition of a suitable company to provide shipping and logistics services. In line with privatisation trends, Emirates Post has also initiated discussions to go public in 2006 through the flotation of at least 40 per cent of its shares on the local market.

Not surprisingly, the significant increase in economic, business and tourist activity in the country has led to a corresponding increase in the aviation industry in the UAE. Bucking international trends, airlines based in the UAE have a combined purchase order book of over Dh95 billion and the UAE’s total investment on airport development over the coming 20 years will exceed Dh71 billion. This figure includes Dh15 billion being spent on the ongoing expansion of Dubai International Airport, and Dh30 billion estimated for the new Jebel Ali International Airport (JAIA) development.

In 2004, 21.7 million passengers passed through Dubai International Airport (DIA). This figure increased by 13.7 per cent in the first half of 2005 compared to the same period in 2004. The number of passengers totalled 11,837,271 during the first half of 2005, up from 10,414,143 in the same period in 2004, and aircraft traffic rose 11.4 per cent to 105,646 from 94,795 movements. By the end of 2005,
it is estimated that 25 million will have passed through DIA and forecasts for 2010 are for a throughput of 60 million passengers. To facilitate the growth, the second phase of DIA’s Dh15 billion development plan is well under way.

This includes construction of the new Terminal 3, Concourse 2 and Concourse 3 (all dedicated to Emirates airline), a cargo mega terminal and an upgrade and expansion of Terminal 2. Terminal 3 (a multi-level underground structure featuring lounges, restaurants, a hotel and 10,000 square metres of commercial space, including Dubai Duty Free outlets) and Concourse 2 are scheduled to be operational by the first quarter of 2007.

Dubai Duty Free, currently ranked No. 3 in the world in terms of turnover, recorded sales amounting to US$283 million in the first half of 2005, representing an increase of 19 per cent over the previous year and placing the operations on track for another record year.

Dubai Cargo Village (DCV) handled 1.17 million tonnes of cargo in 2004, compared to 959,082 tonnes in 2003, an increase of 22 per cent. Figures for 2005 are also up (by 17 per cent in the first half of 2005). This is a continuing success story since DCV has experienced 20 per cent annual cargo growth over the past three years, outstripping projected annual growth of 10 per cent. DCV will double its capacity to 2.5 million tonnes by early 2007 when phase one of the expansion programme is completed. This will provide additional warehousing capacity, more office space, conference facilities and a shopping centre. The expansion is long overdue since business had outgrown capacity several years ago. DCV’s cargo business is expected to remain steady, even after Jebel Ali Airport opens and therefore the second and third phases of expansion are proceeding as planned. These include the construction of three mega terminals aimed at raising DCV’s total handling capacity to 4.5 million tonnes by 2020.

Jebel Ali Airport City (JAAC), occupying an area of 140 square kilometres, the size of Manhattan, will comprise Dubai Aviation City, Dubai Exhibition City, Commercial City and Emirates City, Dubai Logistics City (DLC), Residential City, Golf Resort, as well as Jebel Ali International Airport. The new airport, located next to the world’s third largest free zone, the Jebel Ali Free Zone, will also be connected to Dubai Aid City, Techno Park and Dubai Investment Park. The two industrial parks contain a significant number of new manufacturing plants. The whole development, which will take between 25 to 30 years to complete, will create the largest air-sea logistics and transportation centre of its kind in the Middle East.

Jebel Ali Airport itself will involve an investment of Dh30 billion in multiple phases up to the year 2020. The plan visualises the construction of an airport with six runways, cargo services, two passenger terminals and associated developments capable of handling 12 million tonnes of cargo and 120 million passengers annually. All will be designed to handle the new generation Airbus A380-800F freighter version of the giant airliner. Phase one will be completed in September 2007. It will include a 4500 metres runway, a cargo terminal, a small passenger terminal and executive jet facilities. This will form part of the 25-square kilometre Dubai Logistics City. The project will allow Dubai International Airport to focus on the development of passenger traffic without suffering from congestion or bottlenecks caused by freight and logistics operations.

Dubai’s Ports at Port Rashid (35 berths) in Dubai City and Jebel Ali (71 berths), south of the city, play a pivotal role in trade in the UAE. In particular, Jebel Ali, which primarily handles bulk cargo and industrial material for Jebel Ali Free Zone, is the largest port in the country and the largest man-made port in the world. Dubai Ports Authority (DPA) handled 6.25 million tonnes of general cargo in 2004, achieving a 20 per cent growth rate and an increase of 1.035 million tonnes over 2003. Goods entering through Dubai’s ports comprised 81 per cent of the total,which amounted to 5.088 million tonnes in 2004, an increase of 27 per cent.

Exports comprised 14 per cent of total tonnage or 869,000 tonnes, an increase of 12 per cent over 2003. The ports handled about 5.15 million containers in 2004, in comparison with just 1.6 million in 1993. This strong growth, assisted in no small way by the busy construction industry in Dubai, has continued into 2005.

DPA achieved 22 per cent growth in container traffic during the first half of 2005 and presently ranks tenth in the world, having handled a total of 3,631,108 TEUs in the first six months of the year. During the same period, DPA handled 7651 vessels of all types, which was an 11 per cent increase over 2004. Container vessels made up 3279 of the total vessels, marking a 34 per cent increase over 2004. The growth in throughput is in line with DPA’s 25 per cent year-on-year growth in volume, which has been substantiated by the completion of the first phase of the four-phase, Dh4.6 billion expansion project at Jebel Ali. On completion in 2020, the port will have 82 berths equipped with 125 quayside cranes and supporting yard equipment, and will be able to handle 21.8 million containers a year.