dubai-past, present and future
TRANSCRIPT
![Page 1: Dubai-Past, Present and Future](https://reader030.vdocument.in/reader030/viewer/2022021417/58a217c11a28abff418b50ad/html5/thumbnails/1.jpg)
DUBAI READY FOR YET ANOTHER REAL ESTATE JOY
RIDEPEEPING INTO THE FUTURE
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FORGET 2008
• THE DEMAND WAS BECAUSE DUBAI WAS ONLY FOCUSSING ON TOURISM
• NOW IT’S A HOLISTIC APPROACH TO THE NEW ERA, LESSONS WELL LEARNT
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HISTORY OF DUBAI
• TRADING HUB OF THE MIDDLE EAST, AFRICA, RUSSIAN FEDERATION AND SOUTHERN EUROPE
• CONNECTING MANUFACTURERS IN CHINA, INDIA, PAKISTAN, MALAYSIA, INDONESIA, VIETNAM WITH THE LUCRATIVE MARKETS OF THE WEST ASIA
• GROWTH HAS BEEN PHENOMENAL THROUGHOUT• DIERA BEING THE FRONT RUNNER IN INTERNATIONAL TRADE• FREE ZONES HELPED OVERSEAS BUSINESSES TO STRIVE• PERFECT TIMING OF EXPANSION OF PORTS AND LOGISTICS HUBS
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CURRENT SCENARIO
• GDP GROWTH OF DUBAI AROUND 4.3%• GROWTH OF DIERA AROUND 2.3%
• REASONS:• CRAMPED AREAS• OLD TIME DEVELOPMENT• NARROW STREETS• HIGH TRAFFIC AND CONGESTION• NO SPACE FOR NEW BUSINESS TO ENTER• NO SPACE FOR EXISTING BUSINESS EXPANSION• LIMITED RESOURCES, NO WAREHOUSES AND OTHER AMENITIES TO SUPPORT EXISTING BUSINESSES
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THE VISION
• REPLACING DIERA WITH BIGGER AND BETTER TRADING DESTINATION• PROVIDING INCENTIVES TO THE TRADERS TO MOVE TO THE NEW LOCATION• WELL PLANNED ARCHITECTURE• GROWTH ORIENTED COLONIES• LOGISTICS AND WAREHOUSING FACILITIES• WORLD CLASS INFRASTRUCTURE• LOW COST• BIGGER BUSINESS
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SOLUTION
• DUBAI INTERNATIONAL WHOLESALE CITY• ETIHAD RAIL NETWORK CONNECTING THE ENTIRE MIDDLE EAST AND AFRICA• INTRODUCTION OF NEW BUSINESS SECTORS TO BOOM ECONOMIC GROWTH
• HEALTHCARE (DUBAI TO BE THE WORLDS HUB FOR HEALTHCARE)• IT AND ROBOTICS (IOT, ROBOTICS AND PERIPHERAL TECHNOLOGIES HUM)• LOGISTICS AND TRANSPORTATION HUB
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AMENITIES TO BEGIN ATTRACTION
• WORLD’S LARGEST AIRPORT, SHEIKH MAKHTOUM INTERNATIONAL AIRPORT• WORLD’S FINEST INTERNATIONAL LOGISTICS CITY• COMPLETE PLANNED CITY, DUBAI SOUTH• AVAILABILITY OF BIGGER WAREHOUSES, SHOWROOMS, OFFICES AND SHOPS• TOP OF THE LINE INFRASTRUCTURE• EASY SETUP PROCESS
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LAUNCH METHODOLOGY
• BRINGING WORLD EXPO FOR 2020, NOW POPULARLY KNOWN AS “EXPO2020”
• LAUNCH OF ETIHAD RAIL NETWORK• MINISTRY OF HAPPINESS
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PREPARATIONS
• CONSTRUCTION OF HOTELS, MALLS, ARENAS, TOURISM SPOTS AND PROPERTIES FOR BUSINESS
• CONSTRUCTION OF WORLD EXPO2020 SITE• MAKING DUBAI THE BEST PLACE TO WORK AND LIVE• ENSURING HAPPINESS AND JOY TO THE EXISTING POPULATION• SPREADING THE MESSAGE OF DUBAI BEING THE BEST PLACE ON EARTH TO
LIVE AND WORK• ATTRACTING BEST GLOBAL TALENT, EXPECTED POPULATION INCREASE BY 1.5
MILLION• ENSURING SUCCESS OF THE LAUNCH BY BEING READY TO WELCOME 25
MILLION GUESTS
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MAJOR ROAD BLOCKS
• CANNOT FULFIL THE DEMAND OF HOTEL ROOMS• SOLUTION: LAUNCH OF A PORTAL AND OFFERING THE INVESTORS A CHANCE TO
CONVERT THEIR VACANT APARTMENTS INTO HOTEL ROOMS AND REGISTER.
• DIFFICULT TO CREATE INFRASTRUCTURE IN FOUR YEARS• SOLUTION: CALLING PRIVATE PARTNERSHIPS• LAUNCH OF NEW REAL ESTATE COMPANY, NSHAMA AND PLACING MR. DURIE
THERE
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PRESSURE ON HOUSING SECTOR
• TOTAL 1.5 MILLION NEW WORKING POPULATION WILL BE ADDED IN DUBAI BY 2021
• 60% WILL BE BLUE COLLARED, APPROX. 900,000CAMPS• 40% WILL BE WHITE COLLARED, APPROX. 600,000HOMES• HALF OF WHITE COLLARED WILL BE BACHELORS AND OTHER HALF WILL BE
FAMILY OWNERS• EXPECTED DEMAND OF NEW HOUSES: 300,000• DELIVERY IN 2016: ONLY 22145 NEW HOMES
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OUTCOME OF THIS PRESSURE
• HUGE DEMAND SUPPLY GAP• PRICE RISE THAT IS INEVITABLE• RENTALS WILL ALSO RISE SHARPLY• LOCATION PREFERENCES WILL VANISH• INVESTORS WILL ENJOY THE BENEFIT• WAIT TIME FOR THE ONES WAITING TO BUY WILL INCREASE• PROPERTIES WILL BE OUT OF REACH FOR THE COMMON MAN
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CURRENT SCENARIO IN REAL ESTATE
• PROPERTIES ARE COMING AT A GOOD PRICE• DEVELOPERS ARE GIVING HEAVY DISCOUNTS• DEVELOPERS ARE OFFERING NEVER BEFORE PAYMENT PLANS• END USERS ARE ENJOYING THE BUYING AT GREAT PRICES• LOTS OF NEW LAUNCHES HAVE COME UP AT A VERY ATTRACTIVE OFFERS• SMART INVESTORS HAVE STARTED SMELLING THE BOOOM• GOVERNMENT HAS STARTED LAUNCHING PREMIUM PROJECTS
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THANKS FOR WATCHING
• APPRECIATING YOUR PATIENCE
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