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  • DUBAI | ABU DHABI | AL AIN | SHARJAH | JORDAN

    © Asteco Property Management, 2016 asteco.com | astecoreports.com IN THE MIDDLE EAST FOR 30 YEARS

    ASSET MANAGEMENT SALES LEASING

    VALUATION & ADVISORY SALES MANAGEMENT OWNER ASSOCIATION

    RESEARCH DEPARTMENT

    NEWS BRIEF 19 SUNDAY 08 MAY 2016

  • DUBAI | ABU DHABI | AL AIN | SHARJAH | JORDAN

    © Asteco Property Management, 2016 asteco.com | astecoreports.com

    IN THE MIDDLE EAST FOR 30 YEARS

    Page 2

    ASSET MANAGEMENT SALES LEASING

    VALUATION & ADVISORY SALES MANAGEMENT OWNER ASSOCIATION

    REAL ESTATE NEWS UAE

    UAE RIPE FOR STUDENT HOUSING

    UAE BANK WARNS OF 'MAGIC PEN' FRAUD; HOW TO AVOID IT

    WHAT GIVES YOU UP TO 20% RENTAL INCOME IN UAE… CLICK TO KNOW

    FALCON-INSPIRED DESIGN FOR UAE EXPO 2020 NATIONAL PAVILION

    DUBAI

    WHICH SERIOUS VIOLATION IN DUBAI CAN GET YOU FINE OF DH100,000... CLICK

    HERE

    WORKERS RIGHTS: UAE GETS TOUGH WITH DISHONEST RECRUITERS, EMPLOYERS

    HIGHER SALES LIFT EMAAR’S Q1 PROFITS BY 17% TO DH1.21BN

    JACUZZI OR SAUNA? DAMAC LAUNCHES HOTEL SPA VILLAS IN DUBAI’S AKOYA

    OXYGEN

    DUBAI’S LUXURY HOTELS FULLY BOOKED FOR LONG WEEKEND

    DUBAI LANDLORD UNABLE TO REMOVE DIVORCING TENANT ABANDONED BY

    HUSBAND

    LEGOLAND DUBAI UNVEILS LOST KINGDOM ADVENTURE

    DUBAI’S NEWEST ‘DISCOUNT’ SHOPPING DESTINATION OPENS THIS YEAR

    COSTLY? YOU WILL BE SURPRISED WHAT $1MN CAN BUY IN DUBAI VS THE WORLD

    SHILPA SHETTY’S ‘GLAMZ’ INSPIRES NEW PROJECT IN DUBAI

    DANUBE LAUNCHES SIXTH AFFORDABLE HOUSING PROJECT IN DUBAI

    DED DENIES PENALISING ANYONE FOR COMMENTING ON DUBAI ECONOMY

    EMAAR PROPERTIES FIRST-QUARTER PROFIT UP 17% TO DH1.21 BILLION

    UNION PROPERTIES HIRES CHINA STATE TO BUILD DH450M MOTOR CITY SCHEME

    AIRBNB OFFERS BUSINESS TRAVELLERS MORE CHOICES THAN A HOTEL STAY

    WORK BEGINS ON LUXURY RESIDENTIAL PROJECT IN MBR CITY IN DUBAI

  • DUBAI | ABU DHABI | AL AIN | SHARJAH | JORDAN

    © Asteco Property Management, 2016 asteco.com | astecoreports.com

    IN THE MIDDLE EAST FOR 30 YEARS

    Page 3

    ASSET MANAGEMENT SALES LEASING

    VALUATION & ADVISORY SALES MANAGEMENT OWNER ASSOCIATION

    REAL ESTATE NEWS

    ABU DHABI

    DH7.2M HIDD AL SAADIYAT VILLA AT THE CHEAPER END BUT IN A STUNNING

    LOCATION

    NORTHERN EMIRATES

    RAK PROPERTIES INCOME RISES DESPITE SLOW MARKET

    GCC | INTERNATIONAL

    PWC BUYS CONSTRUCTION CLAIMS FIRM AS DISPUTES RISE IN GCC

  • DUBAI | ABU DHABI | AL AIN | SHARJAH | JORDAN

    © Asteco Property Management, 2016 asteco.com | astecoreports.com

    IN THE MIDDLE EAST FOR 30 YEARS

    Page 4

    ASSET MANAGEMENT SALES LEASING

    VALUATION & ADVISORY SALES MANAGEMENT OWNER ASSOCIATION

    FALCON-INSPIRED DESIGN FOR UAE EXPO

    2020 NATIONAL PAVILION

    SUNDAY, 01 MAY 2016

    The National Media Council has selected architect Santiago Calatrava’s design for the UAE Pavilion for Dubai

    World Expo 2020.

    Located facing the Al Wasl Plaza, which lies at the centre of the 200-hectare exhibition zone, the UAE Pavilion –

    whose design will be inspired by a falcon in flight – will represent the UAE to the 25 million visitors and

    participants from over 180 nations who are expected to visit the Expo from October 2020 to April 2021.

    Santiago Calatrava’s proposal was formally selected following a seven-month design competition managed by

    Masdar, Abu Dhabi’s renewable energy company, in its capacity as program manager.

    The contest saw nine of the world’s most renowned architectural firms submit 11 concepts. Each design was

    evaluated against specific criteria, including how fully the design expressed the main theme of Expo 2020

    “Connecting Minds, Creating the Future” and how well it captured a distinct Emirati feel and a balance between

    the UAE’s past and future.

    Commenting on the appointment, Minister of State and National Media Council Chairman Dr Sultan Ahmed Al

    Jaber said: “The proposed design of the UAE Pavilion captures the story we want to tell the world about our

    nation. Our late founding father His Highness Sheikh Zayed bin Sultan Al Nahyan used falconry expeditions to

    forge connections between tribes and to create a distinct national identity which ultimately led to the founding of

    the United Arab Emirates. Now, the falcon design will symbolise how we are connecting the UAE to the minds of

    the world and how as a global community we can soar to new heights through partnership and cooperation.”

    Minister of State for International Cooperation and Director General of Expo 2020 Dubai Reem Ebrahim Al

    Hashimy said: “The pavilion will be one of the Expo's greatest icons. The design will evoke the pioneering spirit

    and power of connections that transformed the UAE from a collection of small, desert communities, into a global

    connection point. The UAE pavilion will become an important cornerstone in our site and will have a legacy plan

    that will reflect our hopes and ambitions for the many years to come.”

    Speaking of his appointment, Santiago Calatrava said: “I am deeply honoured that our practice has been chosen

    to design the national pavilion for Dubai Expo 2020, a project of national and global significance. I am confident

    that the final design will be a symbol of the bold and daring spirit of the UAE, reflected in what is poised to be the

    most inclusive and global Expo in history.”

    The pavilion is expected to cover up to 15,000 square meters and will include numerous exhibition areas, an

    auditorium, food and beverage outlets and VIP lounges. It will be designed to embrace sustainable building

    principles.

    Masdar CEO Mohamed Al Ramahi said, “We will capitalise on our experience developing Masdar City, which is on

    a journey to being the most sustainable urban development in the world, to ensure the delivery of an innovative,

    high-performance pavilion and community space that embraces the Expo’s themes of mobility, opportunity and

    sustainability.”

  • DUBAI | ABU DHABI | AL AIN | SHARJAH | JORDAN

    © Asteco Property Management, 2016 asteco.com | astecoreports.com

    IN THE MIDDLE EAST FOR 30 YEARS

    Page 5

    ASSET MANAGEMENT SALES LEASING

    VALUATION & ADVISORY SALES MANAGEMENT OWNER ASSOCIATION

    Masdar was appointed program manager by the National Media Council for the UAE Pavilion on the basis of the

    renewable energy company’s track record of successfully delivering highly innovative and sustainable projects,

    including the LEED Platinum-certified Siemens Middle East Headquarters.

    Source: Emirates 24/7

    Back to Index

  • DUBAI | ABU DHABI | AL AIN | SHARJAH | JORDAN

    © Asteco Property Management, 2016 asteco.com | astecoreports.com

    IN THE MIDDLE EAST FOR 30 YEARS

    Page 6

    ASSET MANAGEMENT SALES LEASING

    VALUATION & ADVISORY SALES MANAGEMENT OWNER ASSOCIATION

    WHAT GIVES YOU UP TO 20% RENTAL

    INCOME IN UAE… CLICK TO KNOW

    SATURDAY, 07 MAY 2016

    Residential rental yields in Dubai are among the world’s highest, but a new investment category can fetch

    investors up to 20 per cent.

    The new asset class, according to Cluttons, a property consultancy, is worker accommodation.

    “The variety of investment options available in Dubai range from low-end, high-yielding residential units in

    peripheral schemes such as International City and Discovery Gardens, to more sophisticated investment options

    in the office market, where yields can range from 6.5 per cent to 9 per cent. We are also witnessing the

    emergence of worker accommodation as an increasingly popular asset class, which can offer yields of between 10

    per cent and 20 per cent,” said Faisal Durrani, Head of Research, Cluttons.

    The Global Property Guide, a website that compiles and analyses property price performance of the world's big

    economies, has said Dubai offers rental income on average of 7.1 per cent, which is one of the highest in the

    world. In comparison, gross rental yields in Hong Kong are 2.82 per cent, India 2.22 per cent and Singapore 2.83

    per cent, London between 2.72 per cent and 3.20 per cent.

    A number of developers have been projecting rental yields of between 6 per cent and 10 per cent to attract

    investors/buyers.

    The high rental yield and capital appreciation are among the factors attracting global High Net Worth Individuals

    to the UAE, with the consultancy’s “2016 Middle East Private Capital Survey Part 2” showing Dubai, Abu Dhabi and

    Sharjah to have emerged as the most popular investment destinations for the regional wealthy.

    The survey has found 63 per cent of GCC HNWIs planning to invest in real estate during 2016. Of those surveyed,

    27 per cent named Dubai as their top three destinations within the GCC, while 21 per cent chose Abu Dhabi and 8

    per cent Sharjah.

    In April 2016, a