KEY FACTORS OF THE REAL ESTATE

Population, demography and labour resources of the UAE are characterized bye one of the highest population growth the world. For the last five years the number of population was increased on more than 7%. In 2005 the population increased on 8% in comparison with a previous year and now consists of 4, 7 million people. According to the report about the level of world welfare (World Wealth Report), prepared by the investment bank group of Merrill Lynch and consulting firm Capgemini, the number of millionaires in a country is estimated by 56 400 persons, that is 1,2 % from general population, which is 4,7 million people, out of which 25% locals. In the conditions of economic boom, that opened an enormous number of new employment opportunities we expect high growth of population rates in a short-term period, conditioned mainly by mass emigrant influx in the country.

Population of UAE differs by the high percentage of young people

As in the case with other countries of the Persian bay, greater part of population is made by emigrants from other countries; here almost a half of all of population is on the age group of 25-44 years. In the last few years the age type of population did not change practically. The population stake in the age category of 25-44 years, possessing the greatest potential purchase ability in regard to the real estate, makes 27, 1%. For the estimation of stable demand rise on habitation we suppose that every year about 10% masculine part of population in the age category of 25-44 years marries and acquires new habitation.

Emigrants flow contributes demand growth on habitation

By another important factor, which stimulates demand growth on habitation, there is a large influx of emigrants. Regarding 7, 75-percent growth of emigrated population, that exceeds growth of native population, in 2008 we can expect approximately 350 000 emigrants to come to this country.

Based on above listed information, demand is expected to grow on 291 000 rooms in a period from 2007 to 2008. In addition, possibilities to increase the demand are not being eliminated. The program of economy revival can fully cause the greater influx of emigrants, than it was predicted earlier.

The growth of number of free-lancers in the last few years was analysed with the purpose of cross verification of foregoing estimations. New workplaces can be considered an index, reflecting demand on new habitation, in spite of the fact that a joint residence and combined jobs within the limits of one family reduce exactness of this analysis. For the last ten years annual increase of free-lance workers on the average composed 200 860 persons. Whereas, experts predict the unprecedented influx of labour force in a period from 2007 for 2008, our estimations of demand in 291000 apartments on the nearest two years are possible to consider rather modest.

Oil prices and exchange stocks contribute the growth of liquidity

Enormous investments, stimulated by high oil prices and increase of companies profits, inevitably resulted in surplus liquidity at the market, on which not less influence was rendered by high profits from securities. In 2005 the combined market capitalization of the countries-members that took part in the Cooperation Persian bay countries Council, increased on 124%, making at year's end 1,123 trillion of dollars of the USA. In UAE a fund market grew on 224%, attaining by year's end a sum in 226,94 milliard of dollars of the USA. In spite of the fact that in a certain period of time fund markets, and in particular case primary public placing of shares, played the role in limiting of surplus liquidity at the market, in a long-term period they positively influenced on the increase of welfare.

The considerable splash of liquidity reflects the state of money amount in country. Amount of money М2, where all of the bank deposits (except for the government deposits) and cash in circulation, in a period from 1999 for September, 2005 are characterized by the combined average annual rate of growth in 18,2%. This information shows how profits depend from the oil mining and incomes, received from these profits.

Along with the serious influencing, rendered on liquidity by high oil prices and income from fund markets, the aspect of level increase of net profit served the 70-percent increase of salary of government office workers and proper 50-percent increase of salary of other office workers served in 2007. On credits there is a minimum stake in the general amount of construction financing.

Stake of the construction sector has grown at the combined average annual rate of growth in 14,0%, that substantially exceeds the increase of bank credits volumes in this sphere. In 2004 the stake of construction sector in GDP made 28,5 billion of dirham. On condition that standard profitability is 15%, this result requires the investment of capital in 190 billion of dirham. At the end of 2004 the size of unpaid credit in this sector was 31,7 billions dirham, and at the end of September, 2005 - to 34,8 billions dirham, that clearly testifies to the limited role of government control.

Companies possess possibility of investment and broadening Companies equally with government have all of terms to investing in large amounts, that will render a plural effect on the different sectors of the real estate market. For the first nine months of 2006 the gross income of companies grew on 200%, considerably exceeding the index of growth of 2004 on 51%. Greater part of growth belonged to the sector of the real estate and tourism, which gross income for the first nine months of 2006 grew on 214% and 5,11 made billion dirham. Increase of companies’ profits conducts direct influence on demand on office and ware-house apartments and indirect influence on demand on habitation and commercial areas. From other side, the excellent economic state of companies, working in the field of the real estate, allows them to finance the required amount of the real estate.

Returning from the West

Besides internal liquidity, we could observe mass money returning which were invested to western banks and belonged to the participants of the Council of collaboration of the countries of the Persian bay. Tremendous amounts were withdrawn after the tragedy of September, 11 and London explosions. According to the information of Salmana bin Dasmala, executive director of company Dubai Holdings, from the general sum $1 trillion that were invested abroad, about $300 billion were returned in the region. In spite of the fact that greater part of these money went to Saudi Arabia, their considerable part settled at the market of the real estate in Dubai.

The amount of money, received from the abroad was practically as big as the amount of repatriated money. The cause of the flow of this means served to cause geopolitical instability in some countries.

This made rich people relocate their capital in rather safe places, such as Dubai. The first place among these nearby countries occupies Iran, which amount of investments in Dubai, on the estimations of specialists, makes more than $250 billions of dollars. Taking into account circumstance that in Iran we can observe unstable situation, in nearest time it is possible to expect new investments. Large investments also come from other countries-participants of the Council of collaboration of the countries of the Persian bay, mainly, Saudi Arabia and Kuwait.

Investments

There are two ways to own real estate in Dubai:

A) Purchase of the completed premises (office, retail office).Here price would be high (in addition, as a rule, it is needed to pay the overall cost of the real estate), what can not be considered as an advantage for an investor!

B )Purchase of the real estate in the stage of construction, here the most advantageous for an investor choice is the purchase of the real estate in the stages of pre-launch (before the official start of project at the market) or launch (in the moment of official start of project at the market). Thus, primary payment at the purchase of object of the real estate makes from 10 to 15%. The graph of payments can be different depending on the object chosen by an investor. More frequently, a buyer will bring in 20% every three month. Also one should not forget that the laws of UAE do not forbid resale of object, being at the stage of construction. Thus, an investor can resell an object after paying 30% of costs.

C) Purchase of the real estate in 2-4 months prior to the moment of handing over the object into exploitation. At this moment it is very much of an advantage to buy the real estate even at high price, because in the moment of handing over the object its price, as a rule, grows on 10 – 30% from that which was paid by an investor.

IMPORT ANT! According to experts middle growth of habitation cost in UAE is 18% in a month.

So where can we get money

If there are no means to make money the most rapid and easiest way to get money is to take bank credit. It is possible to get a credit in the Ukrainian bank under present assets, it is possible to get a guarantee from the Ukrainian banks and get a credit in one of the banks of UAE, and it is possible simply to make an effort get a credit in one of the banks of UAE, In UAE credits are given to non-residents by local and foreign banks, the difference is only in requirements to the borrowers and terms. For example, National Bank of Dubai gives out a mortgage both to residents and non-residents. But for residents a minimum profit, allowing to apply on a credit, will make minimum 8 thousands dirham ($1 3,66 is equal to dirham) and for non-residents are 25 thousands dirhams. Residents can be given a credit on the period of 20 years, and non-residents - 12 years. Primary payment is 10-20%, but in some banks it depends on the estimation of profit of borrower.

But the origin of borrower rarely influences on credit rates, more frequent they depend on the method of profit. A credit can be given to a person aged 21 to 70 years. A credit is given for a term from 5 to 25 years, it can be given on a sum from $137 000 to $2 740 000. Middle interest rate on credit-side is 9, 10% annual. However much of all the listed above information requires additional clarification because it can not vary from situation to situation.

Some banks work only with emigrants from certain countries (such situation is typical not only for UAE). For example, Lloyds TSB English Financial Group give credits only to locals in UAE or England residents. Life and real estate insurance in UAE costs up to 0,5% from the cost of habitation, for the credit registration 0,5-1,25% costs of credit can be taken off. The table including banks credits in UAE is listed below.

Information on Credits in Banks of the UAE

Basic oBjects

of the Real Estate in Dubai

1. The Palm Jumeirah Island first out of the three planned islands, which are leaving in a sea from the coast of duBai. construction of villas on the palm jumeirah will Be completed in the end of 2008; presently villas and apartments are given in daily exploitation.

The Palm Jumeirah Island has set up the beginning of the real estate, sold in foreign property in Dubai.

On 16 «palm branches» there are built 2000 exclusive villas, each with its private beach and a pool. On the «barrel of palm» there are built more then 5000 apartments. On the half moon located above the «top of palm», by an extent 11 kilometers and consisting of three islands connected by bridges, will be built about 60 hotels. The project, with an area of 5 to 5 kilometers, will extend the coastline of Dubai to more than 120 km. Residents of The Palm Jumeirah will have an opportunity to enjoy the sea scenery, private beaches, modern infrastructure and private atmosphere, combined with the restaurants, cafe, shops, fitness-centers and yacht-clubs, located nearby. For this reason many international figures, businessmen football players and artists known in the whole world, purchased the real estate on The Palm Jumeirah. Presently the rise of prices on villas on The Palm Jumeirah is made up of 80-150% from a cost, declared by the constructor in 2002.

Here are some of the villas on The Palm Jumeirah that already being sold:

1.1 separately standing villa (signature villa) on the palm jumeirah Location: The Palm Jumeirah, branch C, Type of the real estate: Exclusive villa, consisting of 7-8 rooms (including 5-6 bedrooms) with a private beach and a pool Area of property: 1207 sq meters Area of villa: 650 sq meters Readiness: ready since November, 2007

Unique descriptions:

• Private beach by an extent of 40 meters
• A pool measured 8 on 5 meters
• Private garden, planned by designers of landscapes
• Joined to the villa garage for 2 cars
• Newest systems of safety and telecommunication connection
• View on the world-famous hotel Burj Al Arab

Constructor’s price: AED 4 900 000

Selling Price: AED 25 000 000 (US$ 6 849 315)

Price for 1 sq meter: US$ 10 537

Payment: payment of overall cost in the moment of purchase

1.2 garden home type villas on the palm jumeirah Type of the real estate: three-storied Garden Home type villa with 4 bedrooms, private beach and a pool.

Location: Palm Jumeirah, branch C

Area of property: 603 sq meters

Area of villa: 464 sq meters

Readiness: ready

Unique descriptions:

• Private beach by an extent 20 meters
• Pool measured 6 on 3 meters
• Private garden, planned by designers of landscapes
• Joined to the villa garage on 2 cars
• Newest systems of safety and telecommunication connection

Cost of the constructor: AED 2 600 000

selling Price: AED 9 000 000 (US$ 2 465 753)

Price sq meters: US$ 5 314

Payment: payment of overall cost in the moment of purchase

1.3 apartments on the palm Jumeirah

1.3.1 name of the project: Palm Jumeirah, shoreline Apartments name of the building: Al Shahla type of the apartment: type «D» - 2 bedrooms

Area: 1,582 sq feet (146,9996 sq meters)

view: on a garden (former channel)

readiness: ready

Price: AED 2 400 000 (US$ 657 534)

order of payment: payment of overall cost in the moment of purchase

Price for a square meter: US$ 4 473

1.3.2 name of the project: Palm Jumeirah, shoreline Apartments

name of building: Al Dabas

type of apartment: a type «A» - 3 bedrooms

Area: 2184 sq feet (202,9 sq meters)

view: on a sea and hotel of Burj Al Arab

readiness: ready

Price: AED 3 900 000 (US$1.068.493)

order of payment: payment of overall cost in the moment of purchase

Price for a square meter: US$5266

2. The Palm Jebel Ali island

the palm JeBel ali is a second out of three palm islands. construction of this «palm» must Be completed in 2010- 2012.

At the present time the owners of villas on this «palm» have prepaid only 20-30% of its cost. Next payment in the size of 10% is due to payment in the middle of 2008, and then the payment takes place each 6 months. This project is extremely perspective in making investments, as there is a stock of growth at least to the standard of prices on the first «palm» (The Palm Jumeirah). Positive is also the circumstance that an owner will be able to choose the design of villa from the variants offered by the constructor.

Here are some of the villas offered in this project:

2.1.1 signature type villa

type of the real estate: Exclusive Signature type villa, consisting of 7-8 rooms (including 5 or 6 bedrooms) with a private beach and a pool.

Location: Dubai, island of The Palm Jebel Ali

Area of the property: 1207 sq meters

Area of villa: 650 sq meters

The buyer can choose an exterior and planning of villa out of 33 offered choices.

The cost of villa includes the complete internal and external finishing materials in style, chosen a buyer from a few variants offered person building. unique descriptions:

• Private beach by an extent of 40 meters
• A pool measured 8 on 5 meters
• Private garden, planned by designers of landscapes
• Joined to the villa garage for 2 cars
• Newest systems of safety and telecommunication connection

Completion of construction: end of 2010-12

sales price: paid by installments and varied depending on location from US$ 2 100 000 to US$ 3 500 000. Presently 30-50% falls due costs

Price per sq meter: from US$ 3200

2.2 garden home villa

type of the real estate: Garden Home type villa with 4 bedrooms, private beach and a pool

Location: Dubai, The Palm Jebel Ali

Finishing: the cost of villa includes the complete finishing, chosen a buyer from a few choices offered by the construction.

Area of property: 603 sq meters

Area of villa: 464 sq meters

external finishing: buyer has an opportunity to purchase the original appearance and the lay-out of villa out of 18 offered choices. The cost of villa includes the complete internal and external finishing in style, chosen by a buyer from a few variants offered by a constructor. unique descriptions:

• Private beach by an extent of 20 meters
• Pool measured by 6 on 3 meters
• Private garden, planned by designers of landscapes
• Joined to the villa garage for 2 cars
• Newest systems of safety and telecommunication connection

Completion of building: at the end of 2010-12

selling price: paid by installments and varied depending on location from US$ 1 500 000 to US$ 1 800 000. Presently 30-50% falls due costs

Price per sq.m: starting from US$ 3200

3. Jumeirah Islands

the Jumeirah islands proJect is a unique proJect of lakes created By people With 50 islands, on each of Which there are located 16 villas By an area of 470 to 600 square meters.

Construction of villas was completed in May-June, 2006 and that is why demand on these villas is presently saved stably high. Villas are built in different architectural styles and have different planning, able to satisfy even the most demanding buyer. Every villa has a garden, pool and two parking lots for cars.

A market value of villa with the complete finishing at the present time is 2 - 2, 5 million dollars depending on the type of villa and its location. As the villas are ready to move in, the whole price is due to payment at once.

Here are some examples of villas that are already being sold at the present moment:

3.1 location: cluster 48, villa 13

Design: Venice Medici Garden Hall

Fully done and repaired

General area of villa: 5,250 sq. feet (488 sq. m) 6. Project

Area of land: 10,670 sq. feet (991 sq. m)

View: on a lake and district of Dubai Marina

Price: AED 9 167 000 (US$ 2 511 507) with furniture, window shades, chandeliers and other details of finishing or unfurnished after AED 8 910 000 (US$ 2 440 960)

3.2 Location: cLuster 35

Design: Venetian EF

View on the main lake and bridge, highest place in a project, kind on the district of Dubai Marina

General area of the villa: 5117 sq. foot (475 sq. m)

Area of land: 9,680 apt. foot (900 sq. m)

Price: AED 10 300 000 (US$ 2 821 917)

3.3 sPeciaL oFFer on urGent saLe!

Location: Cluster 23

Area of villa: 7,200 sq. feet (669 sq. m)

Area of lot land: 13,400 sq. feet (1245 sq. m)

View from overhead floors to the villas in the Meadows project

Price: AED 9 150 000 (US$ 2 506 850)

3.4 Location: cLuster 20, viLLa 9

Design: Italian Style Masterview

Area of villa: 6,501êâ. feet (604 apt. ì)

Area of a property: 13,900 apt. feet (1291 apt. ì)

View on the lake and district of Dubai Marina

Price: AED11 000 000 (US$ 3 013 700)

4. District of Dubai Marina

a Dubai Marina Project is a District oF MuLtistory eLite buiLDinGs with a view on the artiFiciaLLy createD channeL. by an extent oF about 3.5 kM, a channeL beGins FroM Dubai internationaL Marina cLub - DiMc anD enDs in the sea near the sheraton hoteL. on the whoLe extent oF the channeL connecteD with sea wouLD be buiLt DweLLinG MuLtistory buiLDinGs, ParteD on 10 Districts.

A project is extremely popular, both among the habitants of Emirates and among foreigners, which have a unique opportunity either to purchase an apartment, take it in leasing or rent it for a year.

The first phase of construction of Dubai Marina was completed in 2004. 6 multistory towers were put into operation, including 1026 apartments, 64 luxurious villas and more than 40 commercial points. Ever since more then 30 towers were built and put into operation. The cost of a square meter of habitation in Dubai Marina makes $4000-7000 on the average. Cheapest apartments (studios without a bedroom) with an area of about 40 sq. m cost more then US$200 000. The annual lease of such apartment makes near US$ 24 000.

Example of the completed apartment:

Name of the project: Dubai Marina

Name of building: Marina Crown Tower

41 floor

Type of apartment: 4 bedrooms

Parking: for 2 cars

Area: 3019 sq. feet (280 sq.m)

Readiness: ready for occupation

Price: AED 4 600 000 (US$ 1 260 273)

Order of payment: complete payment in the moment of purchase

Price per a square meter: US$ 4500

5. Project

Jumeirah Beach Residence

Project juMeirah beach resiDence stretcheD out on 1,7 kiLoMeters aLonG the coasts oF Dubai in the District oF DzhuMeira, riGht behinD such Five star hoteLs as ritz carLton, hiLton, sheraton. a Project consists oF 36 towers, incLuDinG 6400 aPartMents, anD 4 towers, Meant to be hoteLs. the GeneraL area oF a DweLLinG FunD in a Project wiLL Make 22 MiLLion square Feet (about 2 MiLLions sq. Meters). it is assuMeD that on this area wiLL Live about 25 thousanD PeoPLe.

Architects of the project - Wimberly Allison Tong & Goo - world-famous for their ability to create and execute to perfection large-scale projects. A project is called to reflect unique architectural style of Dubai, as a city of future, combining the Mediterranean and local architectural elements, and having the own aesthetic expression here.

The unique feature of the project is a private beach, access to which will have all the owners of the apartments. The cost of a square meter in this project presently varies from US$ 2900 to US$ 5600 depending on building and presence of a view on the sea.

A project must be fully handed over in operation to April 2008. Exclusive penthouse:

Name of the project: Palm Jumeirah, Shoreline Apartments

Most overhead 46 and 47 building floors

Type of apartment: penthouse with 4 bedrooms

Area: 6031,5 sq. feet (ground floor - 2449.9 sq. feet; overhead floor - 2270,6 sq. feet;

route with an own pool - 1311 sq. feet) (only 560 sq.m)

View: on the sea

Readiness: penthouse is ready for occupancy

Price: AED 11 000 000 (US$ 3 013 700)

Order of payment: due to payment in the moment of purchase

Price per square meter: US$ 538

6. Project

Jumeirah Lake towers

a proJect Jumeirah lake toWers is disposed along the route of duBai - aBu-dhaBi, knoWn as a highWay of the name of sheik zaeda, opposite a duBai marina proJect. this proJect Will consist of more than 70 toWers, located around the artificially created lake.

Towers will include both as dwellings and offices apartments, and on the ground floors there would be shops, cafes and restaurants for all residents and workers in buildings.

Out of the already built real estate in this project the following office is offered for a sale:

6.1 an office in fortune toWer Building

name of the building: Fortune Tower

District: Jumeirah Lakes Tower

Area: 941 sq. feet (87,42 sq.m)

Price of a constructor: AED 461090

readiness: ready

market price: AED 1 505 600 (US$ 412493)

Price per 1 sq.m: US$ 4718

order of payment: payment of all prices in the moment of purchase

The lease of this office will make near US$ 650 per sq. foot in a year, that US$ 56 823 in a year.

We assume that the purchase of office apartments is the extremely perspective type of investments, and that is why we would rather choose this variant. The cost of office apartments in this project varies from 1100 to 1700 dirham per sq.foot (from US$ 3500 to 5000 US$ per sq.m), depending on building and supposed expiration of building date.

In this project we can offer office apartments at the stage of launching the project. In particular, it is possible to purchase next office construction of which will be completed within a year.

6.2 office in fortune executive toWer

name of the building: Fortune Executive Tower

District: Jumeirah Lakes Towers

Area: 2178 sq. feet (202 sq.m)

Price of the constructor: AED 1 332 936

readiness: end of 2008

market price: AED 2 722 500 (US$ 745 890)

Price per sq.m: US$ 3692

order of payment: AED 2 189 325 (US$ 599 815) - to payment in the

moment of purchase

The remaining sum of 533 175 dirham (US$146 075) is paid by installments to the moment of completion of building.

In comparison is a cost of the prepared offices in a project Jumeirah Lakes Towers makes approximately US$ 4700 per sq.m. Thus, buying an office year prior to completion of building, it is possible to suppose exemplary capitalization in 1000 dollars per sq.m.

7. business district of business bay

This unique construction proJect of a neW Business center in duBai Was declared in the middle of decemBer, 2004. it is assumed to stretch an existent duBai Bay from a district ras al khor to the highWay of the name of sheik zaeda - central road from duBai in aBu- dhaBi, and on all extent of this neW channel to Build Buildings of offices and dWellings.

A project is opened for the private investments of both local and foreign investors.

Short information is further resulted about one of buildings in a project Business Bay, offices in which are offered to the sale presently.

7.1 an office floor in fortune Bay toWer

We offer to the sale an office floor at the second market in commercial building - Fortune Bay Tower. The offered tower will be built in a project Business Bay, and is 19-floor building. Completion of building is assumed to start at the beginning of 2010.

General area of the floor: 12 778 87 sq. feet (1188 sq. m)

Price of the constructor: AED 14 874 604

market value: AED 17 890 418 (US$ 4 901 484)

Price per sq.m: US$ 4126

order of payment:

Deposit in the moment of reserving the floor of AED 500 000 (US$ 136 986) During two weeks from the moment of reserving - in the moment of purchase of floor of AED 8 019 417 (US$ 2 197 100) the remaining sum of AeD 9 317 000 is paid straight to person building by installments:

• 10% - on April, 1 2008
• 15% - on July, 1 2008
• 15% - on October, 1 2009
• 20% - handing over in exploitation

8. Jumeira village south Project

Jumeira village south proJect is a prestigious district of «neW duBai»

and it has folloWing advantages:

• Permanent growth of cost on the real estate in this district
• 8-10% guarantee on lease (during 2 years, paid each quarter)

vLoan to 80 % from the cost of the real estate (depending on status) This project is disposed in a direct closeness from such free economic areas, as Dubai Media City, Dubai Internet City and Jebel Ali Free Zone.

The location of the object allows to get all necessary advantages to those who works in above-stated Free Zone.

8.1. a proJect of a 12 – storied Building.

Building is made in modern futurism style from marble and granites structures. All suites (with one- two- and three bedrooms) of rooms, and also the apartments of offices are projected in order to satisfy those, who aims to take advantage of all advantages of modern technologies, but at the same time wants to save a comfortable atmosphere, as at home, so in an office. Nothing superfluous, only style, high quality and minimum efforts.

In the complex there are also a pool, trainer hall, SPA with a sauna and dzhakuzi, shops and parking.

Schedule of payments

• 5 % from the total value of the real estate on condition of making a deposit in the moment of signing the contract.
>
• A sum of primary payment is 5%, term of payment during 14 days from the moment of signing the agreement about reserving
• Payment of primary payment must be carried out on the condition of agreement with a bank about the grant of financing (loans)
• For non-residents of UAE a loan is given up to 80 %
• For residents-expatriates of UAE a loan can reach 85 %
• The terms of grant of loan must be talked over during 5 days

other ProJeCts

In Dubai there is mass of other projects where the foreign property on real estate is allowed. In their number are the projects of already built villas of Meadows, Springs and being in the stage of planning villas in a project Jumeirah Village. More detailed information about existent projects and real estate that is being sold you can get in our office.

9. Garden homes

All the villas are equipped with ward robes; latest high-speed networking, internet and cable TV; fully furnished kitchen, having sink made with stainless steel, granite table top and electric rose to connect kitchen facilities; garage with two parking spaces; amazing sea view; garden, quite big to build the own swimming pool; and private beach. Palm Jumeirah has Village Center, which will be fully equipped with all the necessary things, such as supermarkets, laundries, pharmacies, tailor shops, salons, and so on. The location has an easy and fast access to the downtown and its places of interest.

10. Cube

All the apartments of the project CUBE have big balcony with an amazing lake view, park and stadium view. The location is in Dubai Sport City with the most developed infrastructure in the world. This is a five star residential tower, made with highest German technologies, and offering safe and profitable investment. As a special bonus for investors, every year they will have opportunity to stay in the hotel CUBE for 30 days free of charge.

The apartments are fully furnished. An ultra-modern interior will include LCD home cinema, fully equipped kitchen, dressed with the highest quality marble.

The room service will be done by the hotel staff. There is a trade area not far away from the building CUBE, with lots of boutiques, restaurants, cafes and different shops.

11. Tameer towers

Tameer Towers – is a first-ranked complex situated between the Persian Gulf from one side and Central Park complex from another side with wide pedestrian sea front and VIP yacht quay. There is an amazing view from the residential tower in that area. The specific feature of this of Tameer Tower is that this project is combining residential and commercial property. It is designed according to the highest international quality and comfort standards to provide the unique ambience for life and work to residents and guests of Tameer Towers.

The project consists of 300-meter commercial skyscraper with a couple of floors for VIP offices, four residential towers, villas and townhouses, seven star hotel, private VIP yachts quay, exclusive shops, lots of recreation areas, refined restaurants and cafes, located along the canal and around the quay.

This project combines luxury, comfort and style.

The launch of the project is June 2011.

12. Noora residense 1

Noora Residence consists of 81 flats with total square of 8300 sq. m. This is a cozy place and suitable location for family life. You can enjoy the view, walk around or just take advantage of many facilities of the residence.

13. Kempinski Palm Jumeirah

Residences

There is an amazing view facing The Palm Jumeirah surrounded by gulf. The owners will be provided by 24 h room service, exclusive beach access, swimming pool, terraces, gardens, SPA, fitness center, boutiques etc.

The launch of the project is middle of 2009.

14. marina 101

The project Marina 101 has been created taking into account the specificity of foreign investors. Many people desire to buy a property in Dubai close to the seashore with objection to get a good income and also to spend there vacation time. So, the property is considered to be the second residence for one month spends and to be rent for the rest of the year. Marina 101 is offering exactly the same opportunity. The hotel will be responsible for searching for the tenants and for receiving the rent payment and you will just receive your profit starting from 18 % a year and more. Actually the apartments will be used similar to the hotel room. The tower is located in a central part of the prestigious area Dubai Marina where all the hotels and business centers are concentrated in 250 meters from the beach. Marina 101 Tower has multilevel parking, bars, restaurants, conferences rooms, business centers, gym, SPA, pools, sauna, squash courts, beauty salons and other facilities.

15. La hoya bay residence

The canal La Hoya (La Hoya Bay) is situated in the picturesque place in the Marjan Island, Ras-Al-Khaima. The territory of the island is 2 mln. Sq. ft. There are valet residences with pools, fitness clubs, specious parking, numerous shops and the other kinds of entertainment there. Seven residential towers will be built there on the coast line. You will find studio flats, 1, 2 and 3 bedroom apartments there with designer interior. From any tower there is an easy access to the restaurants, fitness clubs and boutiques.

16. Huge Palacial villa

Emirates Hills complex is located among 20 blue lakes and surrounded by green hills. Cozy and posh residences were always attracting the amateurs of calm and peaceful life. Huge Palacial Villa is for sale for every one who wants to settle in the most comfortable and high class area of Dubai also called “Dubai Beverly Hills”. Its interior and facilities will surprise even the most demanded customer. You can be ensured to own your garden and have an amazing view if buying the villa. You will always find a place to spend your time when going out. For example, there are 2 world class golf courses, lightened tennis courts, swimming pool, health club, children playground and ultra modern shopping mall with different facilities for rest and having fun. This is a villa of an excellent designing and high level life style, the place of luxury and beauty.

17. Arabian ranch Lacoleccion

Arabian Ranch Lacolleccion villa type 17 will illuminate your present being with bright colors. The villa is located in a premium residential complex Arabian Ranches, is built under suggestion of Sheikh Mohammed Bin Rashid Al Maktoum, that’s why there is no doubt that the residential places are corresponding to the highest living standards.

The villa has all imaginable facilities. The interior of the villa has an oriental design, 5 bedrooms, maid room, garage for 2 parking spaces and utility rooms. You can choose the furniture of your taste; it will bring an additional comfort into the interior. The courtyards with an amazing décor are also fulfilled in oriental style. The developed infrastructure of the area Arabian Ranches is creating great life conditions in these villas. The pools, parks, sport fields are situated very close. The residents and their guests don’t have go far away, they can always have rest and enjoy their time in a family center inside the complex, go for shopping, have a snack in a café or have a dinner in a restaurant.

18. Dubai Lagoons A 19b

The apartments Dubai Lagoons A 19b are located in a new residential complex, situated in calm, lovely, chic area called Dubai Investment Park. When we are talking about the project The Lagoons we have to say mention an unbelievable panoramic Dubai view opening from the windows of the flat owners. The apartments possess a fully equipped kitchen, doors and built-in wardrobes, made of dark wood. Everything corresponds to high standards. The whole life in The Lagoons has same life standards. There are lots of luxurious high scrapers and incredible towers there, such as Dubai Opera House. Besides this, The Lagoons will have their own modern school, medical establishments and various selling spaces. Everything you need for life and rest you can find around you! The launch of the project is December 2008.

19. Gr Faiway north

The project The Greens is a modern complex of multiple-dwelling buildings situated in the middle of green gardens and parks, not far from Emirates Golf Club. You will see a splendid panoramic view, shady alleys and greens. All the apartments have this amazing view situated in the northern tower Fireway of the project Greens. While building the project the best materials were utilized and the complex itself is a great world creation. Two-bedroom apartment is furnished and kitchen is equipped with all the necessary facilities. But the main feature of the complex GR Faiway North is its price affordability. The launch of the project is expected for June 2008. But there are already a lot of people who would like to become the owners of the apartments there. It’s quite understandable because it is a dream every one to live in paradise.

20. Al Fattan towers

Al Fattam Towers is designed by the international team of architects and designers, and when we are looking at those buildings we have a feeling that they hover over the sea, distinguishing from all the towers of the coastline and attracting the eye of everybody. An additional maid room is foreseen too. The interior design is made of high quality materials made in Europe. The apartments are semi-furnished and fully equipped with household and bathroom appliances of premium quality. The project Al Fattan Tower became already the distinguishing feature of the Palm Jebel Ali where every building has its own unique architecture and offers to the residents “the gold standard” of comfort and such services as following: swimming pool, fitness center, landscape design, tennis courts, parking, cafes, restaurants, leisure places. The view from Al Fattan Towers is impressive – such as yachts’ quay and landscape gardens.

21. Paradise 1

The project Paradise 1 will attract the people’s attention who likes comfort. Buying the apartment here you will find the paradise. This splendid peaceful place is located at the central part of Jumeirah Village. The developers of the project paid great attention to the harmony of design and surrounding landscape. The architecture of the buildings has special original style. The elements of ceramics combine with terse and carved furniture. Each of them was created to excite the feelings, relax the body and rejuvenate the mind. The atmosphere of cozy and friendly neighborhood is capturing so much. You will consider this place as you native house. The hatch quay and private beach club are the additional facility to the luxury apartments. Paradise – is the place to live and rest festinated for reach and famous people, the place where the elite can find peace and privacy.

22. Iris Crystal

The clever combination of functionality and design let to consider Iris Cristal as the best commercial property. It will be the place of interest among the commercial towers around the world. The 40 store tower will become the prestigious address in business circles of Dubai. This tower is an architectural chef d’oeuvre with a great location and planning is designed by the world leaders in architectural design. The building is situated at the main exit, close to Dubai Metro. Except all the necessary facilities there is also the night club, restaurant and swimming pool. The price of commercial space includes three parking spaces as well. The architects were considering the practical side as well regarding utilization of internal areas, where all the interiors maximize the work space. Iris Cristal has a border with a new area called Burj Dubai and is located very close to the International Financial Center of Dubai, World Trade and Conference Center.

23. Links view

The real estate project Links View has its slogan: “The comfort of modern life inside and outside the house”. It is located in a very ultramodern area of Dubai called Dubai Sport City. The most modern stadiums, pools, sport schools, golf courses, tennis courts etc., are built at the territory of the fantastic sport downtown. The quantity of plots for residential towers will be very limited. Each residential tower is an exclusive project. That is why either child or adult would desire to live there. Amazing swimming pools, fitness clubs, 24 h security, valet parking service at the entrance, boutiques and cafes – all this and many other things will make the owners happy. Links View offers the studio flats, 1, 2 and 3 bedrooms apartments. The special attention was given to amazing panoramic views around the residence, like green parks, waste golf courses and waste lakes’ surfaces.

24. monarch tower

The slogan of the kings is “There is no law against living the good life”. But to be a king it is not necessary to look for wealthy roots, it is enough to live in Monarch Tower. The first, second and third floors will be taken soon by sophisticated people with high aspirations. Monarch Tower is located in 180 meters from the seashore. This is one the closest towers near the natural coastline. This is a new property generation. It combines wonderful views and contemporary life style. It is says that the emirate Ajman where Monarch Tower is located pretends to be a rising star of the UAE because it is growing and developing very fast. Ajman Free Zone allows buying a freehold property here and same as Dubai is offering huge investment opportunities. An active process of construction works in Marmooka City and developed infrastructure of this emirate provide great life and business opportunities in Ajman only 30 minutes driving from Dubai. The launch of the project is expected in 2011.

25. escape Ajman villas

Villas will provide their owners with different level of lifestyle - they are situated inside well planned park which contains alleys aimed for family walk, jogging and training. Four different types of villa are offered, each of it has its own style. Their architecture combines Arabian and Ottoman traditions with Mediterranean influence. Specific features of the project are the following: maximum comfort and luxury of future as designers see it nowadays.

26. Dubai Waterfront

There are plots for sale to build villas at the territory of Dubai Waterfront. Dubai Waterfront or “Coastline” of Dubai – is a place for most active development and building in Dubai. The closeness of sea makes this territory very attractive for the investors, developers and for buyers itself. Nowadays Dubai Waterfront – it is not only the coastline, but also an investment project that many investors take part in and it is oriented on creation of the biggest artificial comfort city environment in the world. Many of channels and artificial islands, construction of commercial and residential buildings, hotels and villas, landscaping and beautification of environment, development of infrastructure – this is Dubai Waterfront today. Tomorrow it becomes the most prestigious and comfortable area of the city.

27. Asia residence 1

To buy an apartment in Asia Residence 1 is a unique opportunity to change your life for better, to fill your routine life with luxury and comfort. This residence belongs to the project Emirates Lakes Towers, which combines all the best from life near the Arab Gulf seashore. This project occupies 21 million sq. km. along marina where 51 exclusive towers, trade centers, boutiques, schools and five star hotels will be built.

Most attention of architects was paid to green planting and keeping marvelous sights which you can see from the window of your office or flat in this complex. Asia Residence 1 is situated near to the main road of the emirate which is Emirates Road. This building has 32 floors from all sides you may have a beautiful sea, city and park view. But marvelous sights and advantageous location is not the main peculiarity of this residence. Studios, 1 and 2 bedroom apartments with swimming pool, training room, play ground for children, sauna and Jacuzzi offer high class level of life together with five stars standards.

Purchase process of the real estate is in Dubai

If you decided to purchase the real estate, it is needed to carry out the following steps:

• To prepare an agreement about reserving, and payment in size of 5%
• To sign «Real estate purchase-sale contract». During 14 days a contract must be signed and returned together with the memorandum of the first payment which is 10-15 usually %
• After receiving signed and proper payment documents you receive signed by other party contract.
• The payment remain is made in accordance with a plan, made by you or mortgage bank.

An average payment schedule at the purchase of the real estate in Dubai.

The average schedules of payments at the purchase of the Dubai real estate are following:

• 10% - first payment at reserving
• 20% - second payment in 6 months
• 20% - third payment in 6 months
• 20% - fourth payment in 6 months
• 20% - fifth payment in 6 months
• 10% - a final calculation after the completion of construction and handing over the object in exploitation.

The sum of the first payment can differ from a constructor to a constructor, as well as the schedule of payments on some projects can be broken on 10% payments every three month.

On occasion, constructors independently give loans on purchasing the real estate with the terms of redemption of credit from 10 to 25 years.

Real Estate Investment variants in the UAE property

Nowadays, all kind of investments can be divided into three main types:

1. Minor Investments (basic funds of $300,000 -$1.5 million), carried out, basically, by individuals for purposes of profit.

Investment Objects: flats/apartments, houses (villas, townhouses), commercial property – offices, business premises.

Generally, this type of investments requires buying of investments objects in attractive place (prime location, new building projects with potential price growth) on a profitable base (price should not be high). Investors are waiting till the price is going higher, reselling it at the secondary Real Estate market. Alternatively, they can lease their property for interest rate profit.

Upon minor investments there are two options of buying properties:

А) Purchasing of new ready property (offices or business premises).

The price is quite high (moreover, it is needed to be paid in full amount), and that is not so profitable for an investor!

But, in spite of that, investor can get his profit, for example:

The price of two-bedroom apartment with a sea view in Jumeira Residence is 3 million AED. (approximately $820,000). During 6 month the price is increasing to 10 %, that compose 3.3 million AED ($900,000). Simultaneously, investor can lease this property on terms of short–tern leasing, getting additional 10% in average yearly. The similar situation takes place with other objects of office and residential Real Estate that are being used.

B) Purchasing off-planed property (in development stage). In this case the most profitable for investor can be purchasing of the property at, so called “pre-launch” period (before official launching of the projects on market), or at “launch” period (at the moment of official launching of the project on the market).

Purchase process

of the real estate is in Dubai

If you decided to purchase the real estate, it is needed to carry out the following steps:

• To prepare an agreement about reserving, and payment in size of 5%
• To sign «Real estate purchase-sale contract». During 14 days a contract must be signed and returned together with the memorandum of the first payment which is 10-15 usually %
• After receiving signed and proper payment documents you receive signed by other party contract.
• The payment remain is made in accordance with a plan, made by you or mortgage bank.

An average payment schedule at the purchase of the real estate in Dubai.

The average schedules of payments at the purchase of the Dubai real estate are following:

• 10% - first payment at reserving
• 20% - second payment in 6 months
• 20% - third payment in 6 months
• 20% - fourth payment in 6 months
• 20% - fifth payment in 6 months
• 10% - a final calculation after the completion of construction and handing over the object in exploitation.

The sum of the first payment can differ from a constructor to a constructor, as well as the schedule of payments on some projects can be broken on 10% payments every three month.

On occasion, constructors independently give loans on purchasing the real estate with the terms of redemption of credit from 10 to 25 years.

Real Estate Investment variants in the UAE property

Nowadays, all kind of investments can be divided into three main types:

1. Minor Investments (basic funds of $300,000 -$1.5 million), carried out, basically, by individuals for purposes of profit.

Investment Objects: flats/apartments, houses (villas, townhouses), commercial property – offices, business premises.

Generally, this type of investments requires buying of investments objects in attractive place (prime location, new building projects with potential price growth) on a profitable base (price should not be high). Investors are waiting till the price is going higher, reselling it at the secondary Real Estate market. Alternatively, they can lease their property for interest rate profit.

Upon minor investments there are two options of buying properties:

А) Purchasing of new ready property (offices or business premises).

The price is quite high (moreover, it is needed to be paid in full amount), and that is not so profitable for an investor!

But, in spite of that, investor can get his profit, for example:

The price of two-bedroom apartment with a sea view in Jumeira Residence is 3 million AED. (approximately $820,000). During 6 month the price is increasing to 10 %, that compose 3.3 million AED ($900,000). Simultaneously, investor can lease this property on terms of short–tern leasing, getting additional 10% in average yearly. The similar situation takes place with other objects of office and residential Real Estate that are being used.

B) Purchasing off-planed property (in development stage). In this case the most profitable for investor can be purchasing of the property at, so called “pre-launch” period (before official launching of the projects on market), or at “launch” period (at the moment of official launching of the project on the market).

This type of purchasing means that investor pays initial installment of 5-20% of above said property. By the moment of completing the construction, the price of the property can be multiplied. But, even the price is increasing only for 10%, during the period till the second installment investor can get back his fund and get up to 100% of profit.

The second option of purchasing property in development stage is buying it before 2-4 months of date of substantial completion.

In case of purchasing property on the early stage of the project investor pays accordingly to the appropriate schedule of payment.

Usually it is up to 10-20% of the property price every three month or half of the year (schedule plan is composed by developer). For instance, if the price of the flat/apartment or office is 1 (One) Million AED and completion of the development is scheduled after two years, during the first year investor pays 50% of the price (10% every 2.5 month). During the second year rest 50% of the sum, divided into 10% installment payments. In this case, investor does not overpay, but for two years the price of purchased property will increase up to 10-100% according to the situation on the real estate market.

Usually, in case of 20-25% payments, the flat/apartment or office can be resold. The total price will increase by 10-20% that comprises from 50 to 100% profit of investments funds.

What is important: investment attractiveness of the purchased property.

What does it mean? As an example can be considered two new areas of Dubai – Business Bay and Down Town Burj Dubai.

Even leading developers in Dubai can not say for sure where the existing border between these two new projects is. They are situated so close to each other, but in spite of this, the price for 1 sq. ft. in Business Bay today comprises 2,500 AED ($ 682), in Downtown Burj Dubai already 4,000 AED($ 1,090). Taking into account the high demand for this “new business hub of Dubai”, that fact allows forecasting the price of property in Business Bay will reach the level of the property price in Downtown Burj Dubai.

2. Medium Investments. ($1.5 million-$30 million), carried out by individuals or legal entity to get profit.

Investment objects: the whole floors of the building, buildings (residential, trade and offices), and plots of land for the further development.

This type means the investment of quite a large amount of funds with the aim of getting solid interest. What is the profitability? In case of buying property (the whole floors of the building, house or land for the further development) on the stage of pre-launch and launch (1-2 months before official launch of the project at the market) the price is usually 20% lower than at the moment of the official launch of the project. Beside, you should take into account some features of the investments objects, which are the following:

A) Purchasing of the whole floor or building The purchasing of the whole floor is profitable by the fact that the price per 1 Sq. ft will be wholesale. Investor, who has purchased the whole floor, can divide it into the separate promises (flats, officesdepending on the building designation), and resell it by market price, that is usually 10-15% higher of wholesale price per Sq.ft. That will guarantee 100% of investment back through a few months.