Colliers International Group Inc. · TSX:CIGI
Colliers International — Investor Presentation (April 2004)
17 slides from Colliers International's investor presentation, April 2004
Slide 1: Dubai Freehold Properties
DUBAI FREEHOLD PROPERTIES April 2004
Slide 2: The Launch of Freehold - Dubai
The Launch of Freehold - Dubai In the summer of 2002, the Dubai property market was opened up, allowing foreigners to purchase freehold properties for the first time. A number of developments are already available with many more to follow. Dubai offers great lifestyle developments, such as golf co
Slide 3: Freehold Title Deeds
Freehold Title Deeds The owner of a freehold title of real estate boasts the most superior form of private property ownership. A freeholder is considered to be the absolute owner of the land and buildings comprised in his title; he has the right to occupy, use and enjoy his property forever (“in p
Slide 4: External Limitations
External Limitations A freeholder must comply with all applicable laws which combine to control the use of, and activities upon, his property. For example, the use to which land and buildings may be put, and the erection of new buildings on land, is invariably subject to governmental approval proc
Slide 5: Currency & the U.A.E Dirham
Currency & the U.A.E Dirham Currency: The current exchange rate at present is Dirhams (Dhs) 4.5 to €1(as at April 2004). The figures below are calculated based on this rate. U.A.E Dirhams: Is linked at a fixed rate to the US$ (Rate US$1 – Dhs3,66). Living costs are reasonably high for the
Slide 6: Economic Climate
Economic Climate Dubai has experienced remarkable economic growth in the past two decades. Investment by foreign companies has been encouraged by a free trade zone philosophy and the creation of flexible industry specific operational centers such as the Internet and Media Cities. Dubai’s GDP on av
Slide 7: Taxes
Taxes There is no income or property related taxes although there are fees for issuing and renewal of investors/residence visas, which is equal to Dhs5,000 or €1,111 renewable every 3 years. However, this is only a residence visa and does not permit the holder to work in Dubai. The owner of th
Slide 8: Land Registration
Land Registration The Dubai government charges a land registration fee which is calculated at 1.5% of the original purchase price. This is a one time payment or will be charged again should the land change ownership.
Slide 9: Emirates Hills
Emirates Hills ‘Emirates Hills’ is one of the most prestigious residential developments, offering the highest standard of luxury independent homes built-up around the Emirates Golf Club and the Colin Montgomerie Golf Course. Community facilities include exclusive club house with tennis courts, gym
Slide 10: The Marina
The Marina ‘The Marina’ The first phase of towers is already complete, consisting of 1, 2, 3 bedrooms & penthouse apartments, including facilities such as swimming pools, gymnasiums, children’s play, party hall, basement parking & 24hr security. Status: Available on resale achieving premiums of
Slide 11: The Palm
The Palm ‘The Palm’ A man made island, the first of it’s kind ever, which consists of apartments, townhouses, garden villas, signature villas and over 50 world class five star hotels, expected completion is 2006. Status: Sold out, but available on re-sale & achieving premiums of 20% to 100%. The
Slide 12: The Palm – Apartments prices
The Palm – Apartments prices 1 bedroom Dhs600,000 to 685,000 or €133,300 to €152,200 2 bedrooms Dhs790,000 to Dhs1,075,000 or €175,550 to €238,880 3 bedroom Dhs900,000 to Dhs1,275,000 or €200,000 to €283,330 Penthouses from Dhs2.500,000 or €555,550
Slide 13: The Palm – Villas prices
The Palm – Villas prices Garden villas Dhs2.600,000 or € 577,770 Signature villas Dhs4.650,000 or €1.033,330 Townhouses from Dhs1.900,000 or €422,220
Slide 14: Service Charges
Service Charges Service Charges: Each development has a monthly service charge ranging from approximately Dhs600 or €130 up to Dhs2,000 or €440. These charges include garbage collection, up- keep of the common areas & landscaping. Up-keep and functionality of the community centers.
Slide 15: Mortgages
Mortgages Mortgages: Mortgages are becoming more freely available on a 10 to 15 year basis Interest rates are linked to those in the US. Current interest rates are 6.5% There are several banks and finance companies currently offering mortgages. Overseas investors can finance up to 70% of t
Slide 16: Leasing
Leasing Leasing: Under Dubai law a property may only be leased out on an annual basis, with full rental payment in advance. This may be paid in 1, 2 or 3 equal installments payable by post dated cheques (PDC’s). The number of installments is at the discretion of the Landlord most of whom do no
Slide 17: Dubai Freehold Properties
DUBAI FREEHOLD PROPERTIES For further information contact Crista on: + 971 4 332 3215 (O) + 971 50 621 7212 (M)
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