Toll Free:
800ESTATE P.O.Box
450535
Tel: +971 4 323 3609 Fax: +971 4 323 3608 Email: info@providentestate Web: www.providentestate.com
Bay Square (at Business Bay) Down Town, Burj Khalifa District Content
UAE / Dubai Dubai Properties Group Downtown Burj Khalifa District Bay Square Building No. 4 Bay Square RSG International
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United Arab Emirates The Accolades
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No. 1 in Government Efficiency (IMD Competitive Rankings Report 2013)
8th in world competitiveness (IMD Competitive Rankings Report 2013)
Happiest country in the Gulf (‘World Happiness Report’’ by UN)
19th out of 148 countries – “Overall competitiveness” (Global Competitiveness Index (GCI) 2013)
5th out of 148 countries –”Basic Requirements” (Global Competitiveness Index (GCI) 2013)
25th out of 148 countries – “Innovation & Sophistication” (Global Competitiveness Index (GCI) 2013)
8th out of 148 countries –”Infrastructure” (Global Competitiveness Index (GCI) 2013)
12th out of 148 countries – “Macro Economic Environment” (Global Competitiveness Index (GCI) 2013)
Dubai City of Gold
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Population to rise above 3 million people by 2020 from just over 2 million at present 90 million passengers – Total airport capacity by 2018 (from 59 million in 2012) Second most important destination for retailers in the world (just after London) 300,000 jobs by 2020 4.4 percent – GDP growth in 2012; highest since 2009
Dubai Economy – the signs Tourism is booming Property prices are firming up Trade is thriving Corporate earnings are growing Jobs are back And so is advertising and traffic!
HOST CITY
Dubai Property Market
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2013’s best performing property market (Knight Frank’s Global House Price Index)
Market Highlights 2013 Launches / Completions
Mohammed Bin Rashid City Dubai Design District Akoya Damac Paramount The Hills Cayan Tower Bay Central 23 Marina Anantara Residences Central Park Address Fountain Views Hotel The Burlington 29 Boulevard Standpoint
Down Town, Burj Khalifa District The Centre of Now
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The tallest building The largest shopping mall in the world Dancing fountains Biggest brands Best food and entertainment offerings
Canal Project for Business Bay (announced on 02 October 2013) 2 Billion Dirhams
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3 km long canal - Completion 2017
Shopping centre, four hotels, 450 restaurants, Walkways, bicycle lanes
From Business Bay to Arabian Gulf, crossing Safa Park and Jumeirah
Renewing water in Business Bay and Dubai Creek without hydraulic pumps
Canal 6mt. deep, Bridges 8m high (yachts, boats can pass under)
Dubai Properties Group Master Developer – Bay Square
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Owned by the Ruler of Dubai, His Highness Sheikh Mohamed Offer services in real estate, retail, destination management and lifestyle management Other developments Dubailand Business Bay Executive Towers The Walk at Jumeirah Beach Residence
Bay Square (at Business Bay) Down Town, Burj Khalifa District Project Highlights
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Project comprises of 13 buildings Prime residential, commercial and retail space In the heart of Burj Khalifa District 5.1 million square feet area (bua) Location Situated in the area linking South Ridge Old Town The Executive Towers Close to Business Bay metro station Sheikh Zayed road Al Khail Road
Building No. 4 at Bay Square
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Building No. 4 Location In Bay Square
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Reception from main road Building No. 4 Five Star Hotel (Mariott
Panoramic lift
Water Body
Building No. 4 – Bay Square Unique highlights
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It is the only commercial building in Dubai Properties Group (Master Developer) allowed to sell retail spaces - no other development has the permission. This is a very special privilege given exclusively to RSG International. In Bay Square, only Building No. 4 has the best views of surrounding water bodies from all sides and the most beautiful landscaping. Out of 13 buildings in Bay Square, Building No. 4 is one of the only three buildings that have a panoramic lift which comes up from the basement to the ground and podium levels. It is the only building connected by a bridge to the Five Star Hotel It is the only commercial building in the UAE that has a license to sell alcohol at an F&B outlet. (NOC obtained by RSG International from
It is the smallest commercial boutique building in the UAE, with 60% commercial and 40% retail – an ideal mix for a Bank or an MNC with offices and retail. 175 car parking spaces
Construction Progress – Building No. 4 December 2013
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Building Distribution
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Building Distribution 5B+G+P+4+R
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Ground Retail
Podium Retail
Basement 5 levels
Retail / F&B Office Floors
Roof
Area Distribution Gross Area – sqft.
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22%
61% 17%
Office
Retail
Office Retail F & B
76,161sqft. 21,349 sqft. 26,480 sqft.
Total
123,990 sqft.
(Basement 78,750 sqft.)
F&B
Typical Office Floor 8 offices on each floor
Office Scenario Sale / Rental
Floors 1, 2 & 3
Area (sqft.)
Avg. Sale Price psf. (AED)
Sale Amount (AED)
Average Rental psf. (AED)
Rental Amount P.A. (AED
Office 1
4,223
1,500
6,334,414
130
548,983
Office 2
2,696
1,500
4,044,146
130
350,493
Office 3
2,603
1,500
3,904,776v
130
338,414
Office 4
4,206
1,500
6,309,316
130
546,807
Office 5
3,133
1,500
4,699,347
130
407,277
Office 6
2,696
1,500
4,044,146
130
350,493
Office 7
2,696
1,500
4,044,146
130
350,493
Office 8
3,134
1,500
4,700,415
130
407,369
Total for one floor
25,387
38,080,707
3,300,328
Total for three floor
76,161
114,242,120
9,900,984
Retail Floors
Retail Scenario
Ground + Podium
Sale / Rental
Sale Amount (AED)
Average Rental psf. (AED)
Rental Amount P.A. (AED)
Floor
Shop
Area (sqft.)
Avg. Sale Price psf. (AED)
Ground
Retail Shop 1
1,046
3,000
3,137,170
250
261,431
Ground
Retail Shop 2
403
3,000
1,210,013
250
100,834
Ground
Retail Shop 3
3,416
3,000
10,249,335
250
854,111
Ground
Retail Shop 4
3,359
3,000
10,076,857
250
839,738
Ground
Retail Shop 5
606
3,000
1,819,292
250
151,608
Podium
Retail Shop 1
2,604
2,750
7,159,734
225
585,796
Podium
Retail Shop 2
2,758
2,750
7,585,099
225
620,599
Podium
Retail Shop 3
7,156
2,750
19,678,378
225
1,610,049
TOTAL
21,348
60,915,879
5,024,167
Floor Four F&B
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_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
F & B Scenario Sale / Rental
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Floor
Shop
Area (sqft.)
Avg. Sale Price psf. (AED)
Sale Amount (AED)
Average Rental psf. (AED)
Rental Amount P.A. (AED)
Four
Restaurant 1
13,240
4,500
59,580,000
350
4,634,000
Four
Restaurant 2
13,240
4,500
59,580,000
350
4,634,000
Total
26,480
119,160,000
9,268,000
Space Type
Total Area (sqft.)
Total Sale Amount (AED)
Total Rental Amount p.a. (AED)
Office
76,161
114,242,120
9,900,984
Retail
21,348
60,915,879
5,024,167
F&B
26,480
119,160,000
9,268,000
Total
123,990
294,317,998
24,193,151
Toll Free:
800ESTATE P.O.Box
450535
Tel: +971 4 323 3609 Fax: +971 4 323 3608 Email: info@providentestate Web: www.providentestate.com