Quick overview Dr Herman J. Kok MRE Multi Development RCSC Russian Council Shopping Centers / MOLL Study tour Emirates, 24 th – 28 th February 2013 Quick overview Dr Herman J. Kok MRE Multi Development RCSC Russian Council Shopping Centers / MOLL Study tour Emirates, 24 th – 28 th February 2013
United Arab Emirates
Economic outlook E2013-F2014-F2015-F GDP4,2%3,3%3,7%3,9%4,1% CPI inflation0,9%0,7%2,0%2,7%3,0% Current account9,1%10,5%6,3%4,7%4,2% Government balance6,2%8,5%5,9%5,7%6,2% Exports of goods (%)30,7%38,8%23,9%19,2%18,4% Imports of goods (%)22,8%14,9%13,0%10,0%9,0% Source: Oxford Economics
Main oil fields in UAE
Etihad railway project
Shopping center supply in GCC Source: Alpen Capital
Shopping center supply in UAE Source: JLL
Dubai
Dubai – population
Dubai main development trends Mohamad Bin Rashid City – MBRC (Emaar & Dubai Properties) Jebel Ali, featuring five theme-parks (Meraas) Al Maktoum International Airport (Dubai World city) operational in 2013 Jebel Ali Free Zone (JAFZA): Middle East’s largest free zone
Metro system Dubai
Master plan Dubai – key projects
Metro system plan
Dubai – shopping center stock Source: JLL
Dubai – composition shopping center stock Source: JLL
Abu Dhabi
Abu Dhabi Vision 2030 Source: Abu Dhabi Vision 2030
Abu Dhabi – population
Abu Dhabi Vision 2030 Source: Abu Dhabi Vision 2030
Human City Source: Abu Dhabi Vision 2030
Public transport and infrastructure Source: Abu Dhabi Vision 2030
Abu Dhabi – shopping center stock Source: JLL
Abu Dhabi – composition shopping center stock Source: JLL
Dalma Mall 148,000 m2 GLA Opening October 2012 Owner: The Developers LLC 536 units
Marina Mall 126,000 m2 GLA Opened March 2001 Owner: National Investment Corporation Number of stores: 405
Khalidiya Mall 46,000 m2 gla Opened in december 2007 Owner: Line Investment & Property LLC Architect: Apollodore
Al Wahda Mall 140,000 m2 gla including extension (2012) Opened in May stores Owned by Line Investment & Property LLC
Abu Dhabi Mall 220,l000 gca Opened in stores Owned by H.H. Sheikh Suroor Bin Mohammed Al Nahyan