December 2014 - eZine by VALORAN

Last Month at a Glance

Dubai: Apartment Rental Prices Rise Faster Than Villas Rents Abu Dhabi: Demand for Office Space Grows With Economic Expansion Burj 2020: Announcement Around the Corner International Real Estate News

Prime Property Prices Outside London Witness 38 Percent Increase US: Shortage of Lower End Properties in the Residential Market Lifestyle

Worldâ&#x20AC;&#x2122;s First 24-Karat Gold Watch from Bulova Prima Cinema Offers Private Screening of First Run Films Issue No. 24 - Dec 2014

Caribbean Islands

International property market

Latest From the Economy

Dh6.5 Million Spent on Infrastructure Projects in the UAE Dubai World in the Process of Restructuring Debt UAE Equity Markets: Dubai Index Declines After Initial Gains Luxury Yacht Market in the UAE Records Consistent Growth Dubai Freehold Property

Business Bay International Property Markets

International Property Markets - Caribbean Islands Real Estate Investing Lessons

Lesson 22: Planning Exit Strategies for Your Property

Prepared by: Alpha & Beta FZE

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Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

News Digest

Last month at a glance

Dubai: Apartment Rental Prices Rise Faster Than Villas Rents Data from Reidin.com showed that residential rents in Dubai had increased marginally during October. However, rents were 18 percent higher compared to the same period last year. Rental prices for apartments increased by 0.43 percent from the previous month, whereas the yearon-year growth in apartment rentals was 20.2 percent. In comparison, villa rentals rose by 0.29 percent month-on-month and recorded a rise of just 6.6 percent year-on-year. On the whole, residential rents grew by 0.41 percent in October, with the corresponding annual increase being 17.8 percent. In terms of sales, overall prices rose by 0.54 in October, recording a year-on-year growth of 24.2 percent. Villa and apartment sale prices rose by 0.70 percent and 0.50 percent respectively on a monthly basis. Villa sale prices recorded a year-on-

year increase of 14.4 percent. The corresponding increase in apartment sale prices was 26.9 percent. While rents were increasing marginally, with the rental slab in place, landlords are restricted from making unrealistic hikes. Tenants can approach the Rental Dispute Settlement Centre of the Dubai Land Department in case of any instances of rental increases that exceed the prescribed slab. According to a recent poll by Emirates 24/7, around 75 percent of tenants are planning to move home at the time of lease renewal, in view of the rising rents. However, a report from the Abu Dhabi Islamic Bankâ&#x20AC;&#x2122;s real estate subsidiary, MPM Properties, stated that rents in prime areas of Dubai were declining due to tenant demand increasing in less posh and more affordable locations in the emirate.

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Abu Dhabi: Demand for Office Space Grows With Economic Expansion As per the recent report by Cluttons, with economic growth recorded across important sectors such as education, healthcare and aviation, in addition to the positive performance of the hydrocarbon sector, Abu Dhabi is witnessing an increase in demand for office and industrial space. The report by Cluttons showed that Grade A and Prime office space in the emirate has remained steady due to the continued interest from occupiers who think that the current rates of Dh1,580 to Dh2,000 per square meter is fair value for top tier rents. According to the report, Grade A office space in Abu Dhabi is currently operating close to full occupancy, and with no significant new supply in the pipeline, office tenants have no choice but to look at alternative segments in the emirate’s office market. As a result, demand is trickling down into the secondary and tertiary markets with some pockets in these segments recording a rise in rents for the first time in a one and a half year period. Rents in the secondary office segment rose by 8 percent to reach Dh1,300 per square meter, while tertiary rents increased by 13 percent to touch Dh900 per square meter. The market is moving towards a two-tiered structure, especially in Abu Dhabi’s prime office areas such as Electra Street, Khalifa Street and Khalidiya Street, where secondary and tertiary stock exists close by, presenting an alternative to office tenants who are faced with limited Grade A space. Well-maintained secondary and tertiary spaces, which offer facilities such as adequate parking space and dependable property management services, in these areas are witnessing a hike in rents.

Burj 2020: Announcement Around the Corner In just a matter of weeks, the winning design for Burj 2020 – the tallest commercial tower in the world – will be announced. The competition is still on and at present the final design bids are being reviewed. Director at DMCC Free Zone, Krysta Fox, said that details regarding the final height of the tower would be revealed only once the competition concludes. DMCC Free Zone is the master developer of the Burj 2020 district within which the tower will take centre stage. The District will cover an area of 107,000 square meters and add substantial new supply to Dubai’s office stock in the medium term. Currently, Tokyo Skytree, which cost over $800 million to build at the time of its completion in 2010, is the tallest office tower at a height of 634 meters. Taipei 101 holds second place at 509 meters. DMCC’s vision for building the world’s tallest tower was inspired by the announcement of Dubai’s winning bid to host World Expo 2020. Burj 2020 will be another feather in the cap for DMCC that has already built and owns the Almas Tower in JLT, which is currently ranked as the 14th tallest office structure in the world at a height of 363 meters.

Abu Dhabi: Financing Underway for Building Emirate’s Largest Mall Working towards meeting the growing retail demand in the emirate, Abu Dhabi, which has already seen two shopping malls opening over the last year, is now attempting to match up to its glamorous neighbour, Dubai. Abu Dhabi’s Tourism Development & Investment Co (TDIC) is putting together financing for building the emirate’s largest shopping mall.

Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

private beach, which hotel guests can access, is located between Jumeirah Beach Hotel and Madinat Jumeirah. It can be accessed only after crossing a bridge back to the mainland. If the plans to develop the beach materialize, the beach would link three major projects of the Jumeirah Group.

Funding for the new project, which is called The District, is expected to be completed by the end of January 2015, following which building work will commence by March or April. TDIC will be developing The District along with L Real Estate, which is a LVMH sponsored global property development and investment fund.

Other headlines in brief • Bids Open For Developing The Palm Gateway – Nakheel has called for bids for building The Palm Gateway, a water front project featuring three towers, which will be located near the entrance of the Palm Jumeirah. The beachfront project will have a total built-up area of 506,818 square meters and will be built over the basement and 14 floors of the Palm Monorail terminal located on Al Sufouh Road. The project will have over 1,313 apartments and duplexes. • New Beach to Add Value to Burj Al Arab – The Burj Al Arab, which is celebrating its 15th anniversary, is exploring the possibility of developing a new private beach that stretches into the Gulf Waters. The iconic hotel, which belongs to the Jumeirah Group, is one of Dubai’s symbols. However, at present, the only

Sale Price [ USD/SQF ] 750

500

Nov. 2014: Dubai – USD 405/SQF

250 0

Rental Price [ USD/SQF ]

Nov. 2014: Abu Dhabi – USD 382/SQF

2005 Dubai

reiding.com

Nov. 2014: Dubai – USD 2.35/SQF

Nov. 2014: Abu Dhabi – USD 2.18/SQF

2010 Abu Dhabi

2005 Dubai

2010 Abu Dhabi

2014 reidin.com

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Latest from the economy

Dh6.5 Million Spent on Infrastructure Projects in the UAE According to a report by the state news agency, Wam, the UAE has directed over Dh6.5 billion into around 125 infrastructure projects covering new roads, dams, ports and hospitals. Approximately 50 percent of these projects, which have been implemented by the Presidentâ&#x20AC;&#x2122;s Initiatives Committee, are focused on improving facilities for housing development schemes. At the end of October 2014, around 7 hospitals and dams, 4 ports, 3 power and water projects, 3 sewage projects and 3 mosques had been implemented, besides the launch of 35 road projects. These infrastructure facilities are being developed in order to improve the living conditions of Emiratis by upgrading housing related services and utilities across the UAE.

Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

Dubai World in the Process of Restructuring Debt Following the $25 billion restructuring deal that it entered into in 2011, Government owned Dubai World is hoping to negotiate an extension of the repayment of $10.5 billion that falls mature in 2018. Dubai World is presenting debt restructuring proposals to one of its largest conglomerates buoyed by the positive signs of the revived economy. With the emirate set to host World Expo 2020, the extension of the $10.5 billion maturity will help in making investments in the aviation sector for meeting the additional demands for the Expo. As part of the restructuring proposal, Dubai World will offer to make an early repayment of $4.5 billion that is due in 2015, while extending the 2018 maturity up to 2022. Additional fees and higher interest rates will be offered to creditors as an assurance for the extension.

Maktoum International, Dubai’s second airport, and help the emirate to attain its goal of becoming a global aviation hub.

UAE Equity Markets: Dubai Index Declines After Initial Gains On December 4th, the Dubai Index, which started the day with gains, closed below mark, mainly due to the trade in Emaar Properties. In contrast, the Abu Dhabi Index ended the day higher than the previous mark. After reaching a high of 4,261.87, the Dubai Financial Market (DFM) General Index closed at 4,171.15, lower by 0.36 percent. The drop resulted from fall in the stock price of Emaar Properties by 7.44 percent to reach Dh8.83 per share. The real estate developer’s stock accounts for around 20 percent of the DFM gauge and contributed to over 60 percent of the volumes traded on the day.

The main terms of the restructuring package have already been presented and agreed upon by a committee of Dubai World’s principal lenders, including Abu Dhabi Commercial Bank, Emirates NBD, HSBC and Standard Chartered. However, many other creditors need to be persuaded in order for the extension to be granted. While talks for the restructuring have been on since April, some of the banks had sought higher fees and interest rates as part of the package. With economic prospects looking up, bankers feel that more lenders might be willing to accept the new deal, which is fair and equitable. With services-related sectors, especially trade, tourism and transportation, contributing to Dubai’s economic growth over the past few years, economists feel that the emirate is in a position where the existing debts of $120 billion can be serviced. With the sale of the Jebel Ali Free Zone Logistics Park to the Dubai Ports operator, DP World, for $2.6 billion, Dubai World has generated funds to make the early repayment for 2015. The extension of the 2018 maturity will facilitate the $32 billion investment for expansion of Al

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Saleem Khokhar, Head of equities at National Bank of Abu Dhabi, said that the pressure on the Emaar stock price was likely to be temporary, resulting from some investors selling the stock post dividend. The real estate developerâ&#x20AC;&#x2122;s stock had been experiencing pressure since the previous Sunday, which was the last date for qualification for the special dividend of 1.257 dirhams per share that was tied up to the October IPO by the groupâ&#x20AC;&#x2122;s subsidiary, Emaar Malls Group. The early recovery witnessed in the market during the day was due to the stability of crude oil prices. On the broader index in Dubai, of the 33 shares traded on the exchange, shares of five companies remained unchanged, while that of nine companies witnessed declines. The Abu Dhabi Exchange (ADX) general index closed the day 0.77 percent lower at 4,701.14. Shares of twenty five companies were traded on the ADX on the day, of which 3 remained stable, 16 recorded increases, and 6 declined.

Luxury Yacht Market in the UAE Records Consistent Growth The market for super yachts in the UAE has seen renewed interest over the past year, with most of the buyers coming from Europe, Russia and the Gulf. The demand for super-yachts, which refer to yachts that are over 30 metres in length, has been growing steadily, rather than experiencing a boom. The rise in interest is also partly due to the sensible pricing of the yachts at present compared to the prices just before the financial crisis of 2008. Currently, a typical super-yacht is priced at approximately Dh55.09 million (US$15 million). With the new pricing, customers are finding new builds more attractive as the prices are not much higher than that of used yachts. Gregor Stinner, Chief Executive of Art Marine, a yacht dealership based in the UAE, stated that the market for preowned yachts has been declining over the past 8

two years as the best boats have already been sold. The market for pre-owned boats had been very strong immediately after the financial crisis, when owners wanted to sell and liquidate their assets. According to Francesco Pitea, Chief Executive of the Dubai-based yacht brokerage services company, SF Yachts, the sales figures of superyachts in the UAE this year is almost similar to the pre-financial crisis levels. On the other hand, Stinner feels that it will be a while before the demand reaches that level. During the past 6 months, SF Yachts has sold three super-yachts to customers from Qatar, Dubai and Saudi Arabia. Art Marine is in talks from 12 buyers, including some from Russia, the GCC countries and other Arab countries, for yachts varying in length between 40 metres and 90 metres and priced

Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

Dubai Freehold Property Business Bay

A mixed-use development by the Dubai Properties Group, Business Bay comprises business, commercial and residential units set across a prime area of 80 million square feet. With its central location in the heart of Dubai, the area is well-connected by two of the cityâ&#x20AC;&#x2122;s arterial roads, Sheikh Zayed Road and Al Khail Road. Developed as the new commercial hub of Dubai, the area was designed to accommodate offices of global corporations alongside international standard commercial, retail and dining options. In addition, high-end residential units provide executives and families the luxury of balancing work and life with everything available within easy access. It is also

connected to the Red Line of Dubai Metro by the Business Bay station. When it was announced in 2003, the master plan of Business Bay was aimed at making it the largest business office district in the Middle East, with high-rise towers of office space and residential apartments that would be on the lines of Canary Wharf in London. The development was one of those that were severely hit by the global financial crisis.

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With the optimism heralded by Dubai’s economic recovery over the past year, construction activity is once again picking up in the district. However, this time around it is not the office sector but the residential and hospitality sectors that are witnessing progress, which might be a sign that the development will shift from a mainly office area to a mixed use development like other master plan developments in Dubai. Burj Khalifa Holding centre stage in Business Bay area is Burj Khalifa, which as the tallest structure in the world has come to be recognised as the iconic symbol of New Dubai. It stands testimony to the transformation of the emirate from a traditional oil-dependent economy to a modern one that has gained global recognition as a knowledge base and services centre. Executive Towers A 12-tower complex within Business Bay, Executive Towers has 10 residential buildings, one commercial block (Aspect Tower) and a hotel tower. The towers, which are labelled alphabetically from A-M, vary in height from between 28 and 52 storeys and feature a mix of studio, one, two, three and four bedroom apartments in addition to some terrace and garden apartments.

Market Price Live – Sale Prices Average Price Per Unit

AED 2,890,728

Average Area Per Unit

1,781sq. ft.

Average Price Per Sq. Ft.

AED 1,623

* Source: Propertyfinder.ae (based on 817 listings of similar units)

Market Price Live – Rental Values Average Price Per Unit

AED 173,932 p.a.

Average Area Per Unit

1,863 sq. ft.

Average Price Per Sq. Ft.

AED 93 p.a.

*Source: Propertyfinder.ae (based on 276 listings of similar units)

Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

Bay Square

Churchill Towers

This low-rise development will feature 13 buildings of up to 16 storeys. The project is set on an area of 220,000 square meters and will have 10 officecum-residential buildings, 1 commercial building, a hotel building and 1 residential block. There will be around 575 offices within the development with each unit varying from 2,000 to 4,000 square feet.

This is a two-tower development with one 43-floor commercial/office tower, Churchill Executive, and one 59-floor residential tower, Churchill Residency, with a mix of one, two and three bedroom apartments.

Market Price Live – Sale Prices

Average sale prices of apartments in Churchill Residency are around AED 2,208,050 while rental values average AED 131,520 per year. Market Price Live – Sale Prices

Average Price Per Unit

AED 1,678,775

Average Price Per Unit

AED 2,208,050

Average Area Per Unit

1,015 sq. ft.

Average Area Per Unit

1,267 sq. ft.

Average Price Per Sq. Ft.

AED 1,654

Average Price Per Sq. Ft.

AED 1,743

* Source: Propertyfinder.ae (based on 72 listings of similar units)

* Source: Propertyfinder.ae (based on 90 listings of similar units)

Market Price Live – Rental Values Average Price Per Unit

AED 96,189 p.a.

Average Area Per Unit

853 sq. ft.

Average Price Per Sq. Ft.

AED 113 p.a.

*Source: Propertyfinder.ae (based on 70 listings of similar units)

Market Price Live – Rental Values Average Price Per Unit

AED 131,520 p.a.

Average Area Per Unit

1,302 sq. ft.

Average Price Per Sq. Ft.

AED 101 p.a.

*Source: Propertyfinder.ae (based on 50 listings of similar units)

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International Real Estate News

Prime Property Prices Outside London Witness 38 Percent Increase A recent Knight Frank update based on sales data from the Land Registry and local level price performance in England and Wales showed that the number of properties located outside of London which were worth over £1 million had risen by 38 percent compared to the previous year. The report went on to identify areas that had concentrations of such properties. The number of properties sold for over £1 million outside of London in the first half of 2014 also increased by 44 percent compared to the same period last year. The resurge in the economic performance of the UK in the last year has increased buyers’ confidence, and combined with increased activity in the property market, has resulted in a rise in property prices. The highest growth in the number of homes valued at over £1 million or more were on the outskirts of London in Maidenhead, Elmbridge, Guildford and Windsor. These markets have benefited from the ripple effect of the price growth in Central London due to the increase in demand for family homes from Londoners looking at relocating from the capital as well as buyers in these local areas looking to trade up their existing properties.

Prices of country houses in the UK increased by 5.6 percent compared to the lowest level in 2009. However, they are still around 16 percent below the levels experienced during the previous peak. In comparison, the prices in Central London have risen by around 74 percent and are 32 percent higher than what they were during the previous peak, which makes the situation perfect for those who want to trade up their prime property for a well-priced home in the country. Across the country, the number of £1 million plus sales has grown over the year ending June 2014. In the Midlands and Wales, the figure has increased by 78 percent, while in the north, where the housing market recovery has been the slowest since the downturn, the number has increased by 24 percent. The bulk of the prime activity in terms of the number of properties sold during the first six months of 2014 was in southern England and the counties located around the transport corridors – M3, M4 and M40, as these markets have good transport links to Central London besides access to excellent schools and local amenities.

Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

US: Shortage of Lower End Properties in the Residential Market In the United States, although the number of higher priced homes being put up for sale has increased, a shortage still exists in the market for lower priced homes. While buyers looking for homes find a larger number of properties available for sale, the supply in the lower priced segment continues to grow at a much slower pace than that of high priced homes, as per the home value index from Zillow. Across the country, monthly and annual increases in home value were lower than the rapid gains witnessed in the early part of the year. While median home values rose by 6.4 percent from October 2013, the increase in inventory and the slowdown in the increase in home value are indicators that the housing market is levelling off. With the market cooling down, buyers in search of not-so-expensive homes found some options in the hottest metro markets such as Los Angeles, San Diego and the Bay Area. In San Francisco, the inventory of low priced homes increased by 39 percent. Fewer high priced homes were on the market in the city during the period. While rents across the nation rose by 3.5 percent in October compared to the previous year, there was no increase from September. Overall, the inventory of homes across the nation increased by 15.8 percent compared to the same period in the previous year. An analysis of the figures showed that the inventory in the top home price tier increased by 82.2 percent, while that of the lowest priced homes rose by 68.3 percent.

Chinese Investment in Global Real Estate Surges Investment in global real estate by Chinese investors is set to touch US$15 billion by the end of 2014 with a rapid increase in their purchase

of overseas property. A report from Knight Frank shows that the majority of the investment has been made in gateway cities across the USA, UK and Australia. Besides this, high net worth investors from China are also exploring new destinations such as Miami in the USA and the Gold Coast in Australia. During the year, Australia recorded the highest increase in inbound investment from China in the real estate sector with a growth of more than 60 percent year-on-year. According to the report, the main drivers of investment from China is the softening of the domestic market conditions due to low investable inventory, low yield and depressed residential markets, which is impacting investors and developers in the country. The Chinese Governmentâ&#x20AC;&#x2122;s policy of encouraging firms to expand overseas has resulted in a rapid increase in investment activities by institutional investors, developers and banks from China. However, since the Chinese market is controlled by policies, it brings the risk of being impacted in the event of any changes in the governmentâ&#x20AC;&#x2122;s policies. The wave of Chinese overseas investments in real estate started with sovereign wealth funds making investments in prized assets and banks buying property for owner occupation. Next, the larger developers followed with an eye on diversifying into the overseas markets. In the third wave, insurance firms and equity investors looking for increased yields starting exploring overseas property as an option, while the fourth wave consists of high net worth investors and small & mid cap private developers and state-owned enterprises that are looking at growing their wealth overseas. With many of the key cities and provincial capitals in the UK, US and Australia providing better yields than gateway cities such as London, New York, Melbourne and Sydney, Chinese investors are now diversifying geographically to other cities and provincial capitals as well as to other real estate sectors such as leisure and industrial properties.

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Lifestyle

World’s First 24-Karat Gold Watch from Bulova If you agree that everything looks better in gold, the new launch by Swiss watch brand Bulova will take your breath away. The beautifully designed 24-karat gold watch is part of the Joseph Bulova Collection. The masterpiece was conceptualized by Gregory Thumm, President of Bulova Corporation.

This unique creation from Bulova has already been named the ‘Innovative Watch of the Year’ by Watchpro, the UK’s leading publication on the watch industry.

The watch is a made of 999.9 pure gold and is an exquisite blend of luxury, beauty and functionality. It uses a specialized method of manufacturing (patent pending) to ensure that the quality of the gold is maintained while adhering standards of functionality associated with Swiss watchmaking. The watch has a capsule form, which is set in grade-five titanium, creating a watertight enclosure that offers water resistance for up to a depth of 30 meters. It has an overlying sub-bezel that protects the gold casing using bumpers for shock absorption and also holding in place the anti-reflective sapphire crystal. The watch strap uses stainless steel layered with alligator leather to present luxury combined with strength and safety. Its high-end features will make this the most expensive watch ever created at $42,000, and with only 32 pieces of this limited-edition watch manufactured it will be an exclusive possession that will come in a handcrafted presentation case covered with 24-carat gold leaf. 14

Prima Cinema Offers Private Screening of First Run Films Good news for celebrities and public figures for whom, until now, watching new movies meant an obtrusive experience or a long wait for the online

Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

or disc release! Prima Cinema, a company based in Carlsbad California, has introduced a new in-home movie service that requires equipment worth $35,000, which downloads and stores first-run movies. The stored movies can be played through any home theatre system at a cost of $500 per viewing. This is an easier alternative to the in-home service that a few film-industry insiders have access to, which requires investing in $100,000 worth of theatre equipment, monthly fees of $4,000 and a requirement that every movie, which is stored on an encrypted hard drive that protects against copyright infringement, is hand delivered by a representative of the film studio. Prima’s player is built to fit on standard equipment racks. It can only be activated through a fingerprint scan of the account holder for purchasing and watching each movie. Movies are automatically downloaded by the system so that they are available for viewing by midnight of their release dates. Prima Cinema’s service offers first-run movies from several studios, including Universal, Focus and Magnolia. The company is also in the process of negotiating terms with other major studios. Prima systems are already installed in many private home

theatres in the US. The best-known private theatre, which is located in Brentwood, Los Angeles, has been installed by the integrator Via. The films, which are available in 2D and 3D versions, provide customers with quality that is almost the same as that of a commercial theatre as the use of the company’s proprietary video codec brings images that are twice as sharp as Blu-ray content. The owner of the system has one additional benefit that sets it apart from watching the movie in a commercial theatre – the ability to pause a first-run movie using a remote that is about the size of an iPad.

De Beers Launches Ceramic Ring Collection In a bid to expand its offering to more modern designs and marking a shift towards the use of non-traditional material, jewellery house De Beers has introduced two ceramic rings in black and white. Called Daylight Lotus and Moonlight Lotus, according to their colour, the white and black rings are set with white diamonds. Drawing inspiration from De Beers’ Enchanted Lotus collection, the rings use interconnecting lotus flower motifs in their design structure. The rings are priced at $4,000 each and are less formal than the engagement and wedding bands that the company is famous for. This is the first time in the 13-year history of the company that ceramic has been used as a material for making rings.

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International Property Markets Caribbean Islands The Caribbean Islands were not immune to the global financial crisis of 2008. Over the last six years, residential property prices remained stable in some of the more exclusive private islands, while some of the popular larger markets such as the Bahamas and Barbados, which had seen a massive expansion in the residential and leisure sectors, were severely affected by the economic downturn. However, as per a Knight Frank report, since 2013 some of these markets, particularly the British Virgin Islands and Barbados have recorded an increase in sales volumes as investors have

Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

been taken advantage of the adjustments made by vendors in bringing down the asking price to more achievable values. While the weak US dollar has made property in the Caribbean more attractive for buyers from the Euro zone, the existence of a large inventory will mean that vendors will have to price their properties keeping in mind the buyersâ&#x20AC;&#x2122; sensitivity to prices. An interesting point to note as per data from Knight Frank is that properties priced below $1 million in the Caribbean attracted the least number of online searches (just 13 percent), while the $1million to $5 million bracket had the maximum number of searches (35 per cent). The highest price bands â&#x20AC;&#x201C; properties above $15 million and those between $5 million to $15 million â&#x20AC;&#x201C; together accounted for 51 percent of the searches. With lenders continuing to view the Caribbean Islands with uncertainty following several high profile projects coming to a standstill following the global crisis due to lack of financing, lending remains tight across the Caribbean. As a result, many of the island nations have resorted to unorthodox methods such as offering citizenshipby-investment programs to fund their projects and to keep the property market buoyant.

Among the islands that are offering citizenship to qualified investors who are willing to make investments worth a few hundred thousand dollars in the residential or leisure sector are Antigua and

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13%

27%

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25%

35%

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Source: Knight Frank

Havana, Cuba

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Barbuda, Dominica, Grenada and St. Kitts & Nevis. This has proven to be a popular option for wealthy Chinese, Russian and Middle Eastern investors, for whom the scheme presents the opportunity to diversify their passport portfolio.

Antigua and Barbuda In October 2013, the twin islands of Antigua and Barbuda introduced a citizenship by investment program whereby real estate investment worth $400,000 would make qualified investors eligible for citizenship that would include a passport with visa-free entry to 130 countries. While the property market in the country, which had been overheating prior to the economic crisis, has seen some cooling down in prices over the past few years, it is still a relatively expensive place to invest. As per figures from December 2013, the average cost of a two-bedroom house in Antigua is around $420,063, while a four-bedroom house cost approximately $1,621,000. Rental yields are also very low at around 4 percent.

Non-residents are levied a withholding tax of 20 percent on their income. Rental income falls under this rate of tax. Depreciation is deductible from taxable income, and the maximum depreciation permitted for buildings is 2 percent. Capital gains are not taxed in Antigua. However, if a tax payer earns capital gains regularly, then it will be treated as income from business and taxed at standard income tax rates. Buying costs are high in Antigua with roundtrip transaction costs between 21 percent and 24 percent. Stamp duty accounts for a significant portion of buying costs at 10 percent, of which 7.5 percent is paid by the buyer and 2.5 percent by the seller. Antigua - Houses to Buy 2 BR

USD 420,063

4 BR

USD 1,621,000

Source: Global Propery Guide, Dec 2013

How the Caribbeanâ&#x20AC;&#x2122;s prime markets have performed Annual % change in prime prices, to Q4 2013

8% 6% 4% 2% 0% -2% -4% -6% -8% Bahamas

Musique

Source: Knight Frank Residential Research

St Barts

Jumby Bay Barbados

Cayman Islands

BVI

Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

Dominica Dominicaâ&#x20AC;&#x2122;s tourism sector has been thriving after the islands were made popular by the Pirates of the Caribbean movies (part 2 & 3). One of the Caribbean island nations that have been offering the citizenship-by-investment option, investors who make non-refundable investment of $100,000 in addition to a fee of $1,800 are entitled to be granted citizenship, including visa-free entry to 87 countries, within eight weeks. Foreigners can purchase residential property of up to one acre and commercial property of up to three acres with no restrictions. Non-residents have to get an Alien Landholding license if they are interested in buying property exceeding these stipulated limits. Like with Antigua, rental yields in Dominica are low at around 4 percent. Nonresidents are taxed on rental income at progressive rates ranging between 15 percent and 35 percent. In addition, rental income is subject to VAT at 15 percent. No taxes are levied on capital gains in Dominica. Roundtrip transaction costs are very high in Dominica, accounting for 28.45 percent of the property value. In fact, it is among the highest in the region, but still lower than Grenada and St. Kitts and Nevis.

Grenada A small nation comprising of the islands of Grenada, Carriacou and Petite Martinique, Grenadaâ&#x20AC;&#x2122;s property prices are more affordable than some of the other island countries in the Caribbean. Beachfront houses cost approximately $0.5 million and prices in the coastal areas are around $3,500 per square meter on an average. Rental yields in Grenada are relatively low at around 4.3 percent, with bigger properties having slightly lower yields. Through its citizenship by investment program, the country offers passports with visa-free entry to around 100 countries to foreign buyers who

make a minimum investment of $250,000 in an approved real estate project. The application is processed within 60 days, and the investment has to be held for at least a four-year period. Income tax rates are moderate with non-residents being subjected to a withholding tax of 15 per cent on rental income. Like with other Caribbean nations, no capital gains tax is payable by sellers. Roundtrip transaction costs in Grenada are the highest among the Caribbean islands at 32 percent to 43 percent of property value. Foreigners also have to obtain an Alien Land Holding Licence at the cost of 10 percent of the property value. In addition, they have to pay Property Transfer Tax of 10 percent.

St. Kitts & Nevis This island nation was not too badly affected by the global financial crisis due to its citizenship by investment program. The residential market remained buoyant with home prices being in the mid-range (between $550,000 and $850,000) compared to other islands in the region. Foreigners investing a minimum of $400,000 in villas and condominiums, besides a registration fee of $50,000, are eligible for citizenship, which includes visa-free entry to 131 countries. The islands of St. Kitts and Nevis have minimal taxation, making them an attractive investment destination. Rental income is not taxable unless it is remitted outside the country, in which case it is taxed at 10 percent. Property is also exempt from capital gains tax unless it is sold within a year, in which case it is subject to tax at 20 per cent. Roundtrip transaction costs are between 22.5 percent and 37.5 percent, of which a significant part of the cost goes towards stamp duty ranging from a high of 18.5 percent for properties in the South East peninsula to 5 percent for condominiums. Buyers also have to obtain an Alien Land-Holding Licence, which costs 10 percent of the property value.

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Roundtrip Transcation Costs Across The Region Rank

1 2 3 4 5 6 7 8 9 10

City

Grenada Bermuda St Kitts and Nevis Dominica Antigua Anguilla St Lucia BVI Bahamas Cayman Is.

37.50% 31.00% 29.79% 28.45% 28.00% 24.66% 21.96% 21.84% 21.26% 20.20%

Source: Global Property Guide

Grenada

Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

Edward Maya in Dominican Republic

Outlook While real estate investment made through the citizenship by investment program has helped cash-strapped Caribbean island nations pull through the global financial crisis, it comes with concerns about the lack of transparency and accountability that provides no protection against individuals and businesses using the system as a means to evade economic sanctions. Some of these programs have been singled out by the United States for allowing illicit individuals to abuse the program to evade international economic sanctions or to indulge in other financial crimes. With Canada recently revoking visa-free entry to citizens of St. Kitts and Nevis, it remains to be seen whether more nations will follow suit. In the likelihood of that happening, the Caribbean island nations will have to look at tightening their eligibility rules and making the process more transparent. www.valoran.ae

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Real Estate Investing Lesson 22

Planning Exit Strategies for Your Property Thereâ&#x20AC;&#x2122;s more to owning a property than just managing and operating it. Having an exit strategy in place is critical to being successful at investment property ownership. While renting and maintaining a property will earn you income and build your wealth in the long term, knowing the right time and the right price for selling the property is equally important. Itâ&#x20AC;&#x2122;s advisable to have an exit strategy planned at the time of purchasing the property itself. Of course, it can be modified later to suit a particular scenario or situation.

Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

Once you buy a property, you invest in adding value to it through maintenance costs and making improvements. So, unless you are able to get a price that covers all the expenses incurred by you towards the property, it might not be wise to sell it as long as you have the financial strength to hold on to it. In this monthâ&#x20AC;&#x2122;s issue, we will cover the various types of exit strategies that will help you get the best price and reduce tax payable on your property. Outright Sale The simplest way to exit a property is to sell it and pay capital gains tax on it. This might be a suitable strategy for an investor who wants to slow down, dispose his assets and lead a life that does not involve finding tenants or maintaining and renovating a property.

Selling outright might also work for an investor who is getting a good price, but wants to avoid paying capital gains tax. This can be done by postponing the gain by reinvesting it in another property through an instalment sale or an exchange. The rate of capital gains tax depends on the period for which the property has been held. In general, a higher rate of tax is levied on property held for less than 12 months, while a lower rate is applicable on property that is held for over a year. While calculating capital gains, the sales price is not the sole determinant of the profit or loss. Be sure to deduct capital expenditure incurred on maintaining or improving the property. Similarly, any losses incurred on the property during the previous years can be adjusted to reduce tax liability. Depreciation that was claimed on the property during the holding period will have to be added back and will increase the taxable gains.

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Instalment Sale Making an instalment sale can help the property owner defer the taxes as he gets the sales proceeds over a period of time instead of a lump sum at the time of sale. The advantage of this method of exiting a property is that the seller has to report only the proceeds received during a particular year. This is also useful as yearly tax rates vary and the seller can benefit from enjoying reduced rates in some of the years and might even choose to report the proceeds in a year in which the rates are lower. The instalment sale can work in a situation where the seller assists the buyer in a situation where the latter finds it difficult to get financing. By offering to take the mortgage note from the buyer in exchange for their equity in the property, the seller effectively helps the buyer in financing his purchase. For instance, a seller who has a property valued at $1,000,000 might have a loan balance of $400,000. He enters into an instalment sale whereby the buyer makes a down payment of $250,000,

assumes the outstanding loan balance of $400,000 and accepts financing from the seller for the balance of $350,000. Effectively, the buyer pays the seller the remaining $350,000 in instalments with interest over a three-year period. The seller reports the gains on a yearly basis, thereby deferring tax over a period of time. Tax-Deferred Exchange Under this method, tax payable on a property sale is deferred by investing the built up equity from the property being sold into a new property. The transfer is usually considered as one continuous investment, and therefore, no capital gains tax is levied. There are several ways of using an exchange to defer taxes. In a straight exchange, two parties exchange properties of approximately the same value. Sometimes a multi-party exchange can be used when three or more parties are involved in the exchange. For instance, the seller might not want the buyerâ&#x20AC;&#x2122;s property but might prefer the property of a third party. Multi-party exchanges are quite complex and might require the advice

Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

and expertise of a tax professional. Sellers may also choose the delayed exchange method, which allows him to reinvest in a replacement property within a stipulated period. A point to remember is that a tax deferred exchange is not a method of eliminating capital gains tax. The sellerâ&#x20AC;&#x2122;s tax liability is merely postponed. Principal Residence Capital Gains Exclusion Many investors make the most of the provision that allows a tax free exemption up to a particular limit for properties used as a principal residence by the seller for a minimum period of time as specified by the law. By using a serial selling strategy wherein the investor buys, resides, renovates and then resells a property after the minimum holding period, his capital gains are tax free up to the specified limit.

Transfer Through Gift of Property This option of transferring tax is not beneficial to the new owner as his tax liability would remain the same as that of the previous owner. In addition, if the new owner sells the property immediately, then he will have to pay capital gains tax on the entire sales price as the whole amount is considered a gain. Transfer by gifting benefits the receiver only when the transfer is made after death of the previous owner. For investors who want to defer paying taxes throughout their lifetime, rolling over their gains into bigger properties from time to time and never selling is a good strategy. Based upon your goals, you can choose one of these strategies to exit a property and minimize the amount of taxes payable.

However, the seller must follow the rules of the tax authorities regarding the qualification of the property as a principal residence, which includes a continuous stay for a specified period each year. Certain exemptions are granted for reasons such as relocation due to employment, health reasons and other unforeseen personal circumstances such as divorce or separation in the case of married couples. Lease-to-Own Purchase Under this option, along with a standard lease agreement, a separate contract gives the tenant the option to purchase the property within a limited period at a predetermined price that is mutually agreeable to both parties. The right to purchase lies with the tenant, and he may or may not choose to exercise the option. The lease-toown purchase is beneficial to the investor as it provides a regular flow of income that is slightly higher than the market value of rentals as the additional sum goes towards the option purchase price. It also saves both parties from having to pay brokerage commission at the time of transfer.

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Properties of the month JLT

Madinah Tower 3 bed apartment

1,650 sq. ft.

AED 2,000,000

AP1373

Business Tower Commercial Space

956 sq. ft.

Business Bay AED 1,050,000

2 bed apartment

VI1438

E Emirates Living

Springs 15

The Lakes â&#x20AC;&#x201C; Deema 2 bed apartment

Emirates Living AED 6,600,000

996 sq. ft.

AED 890,000

1,530 sq. ft.

Downtown AED 4,150,000

AP1523

Mehdi 055 5075040

1 bed apartment

AP1448

Sport City

Hub Canal

SA For above listed properties contact

2 bed apartment

VI890

3,703 sq. ft.

The Residences 7

OF1086

L SA

AED 4,000,000

L SA

3,087 sq. ft.

Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

Properties of the month Dubai Marina

Marina Quay 3 bed apartment

709 sq. ft.

AED 1,700,000

798 sq. ft.

AED 2,200,000

AP1572

Palm Jumeirah

Kempinski 4 bed apartment

4,400 sq. ft.

AED 16,000,000

880 sq. ft.

AED 2,000,000

1 bed apartment

AP1538

E Dubai Marina

Sanibel

Downtown

Miska 1 bed apartment

1 bed apartment

AP1530

AP1466

SA Downtown

Standpoint A

AP1447

L SA

AED 7,700,000

L SA

2,649 sq. ft.

Six Towers â&#x20AC;&#x201C; Anbar 3 bed apartment

2,370 sq. ft.

Dubai Marina AED 7,500,000

AP1526

SA For above listed properties contact

Mehdi 055 5075040

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Properties of the month Downtown

Standpoint A 2 bed apartment

872 sq. ft.

AED 2,600,000

4,000 sq. ft.

AED 290,000

AP1531

4 bed apartment

4,019 sq. ft.

Emirates Living AED 6,800,000

E Business Bay

The signature 1 bed apartment

AP1565

The Address Dubai Mall 1 bed apartment

Downtown AED 3,000,000

915 sq. ft.

AED 90,000

5 bed villa

VI212

Mehdi 055 5075040

Commercial space

OF1451

Business Bay

XI Tower

RE For above listed properties contact

AP1481

778 sq. ft.

SA Emirates Living

Meadows 9

VI1570

L SA

AED 3,400,000

L SA

1,332 sq. ft.

The Lakes â&#x20AC;&#x201C; Deema

Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

Properties of the month Dubai Marina

23 Marina 4 bed apartment

4,200 sq. ft.

AED 9,800,000

1,411 sq. ft.

AED 2,400,000

AP1546

Downtown

8 Boulevard Studio

543 sq. ft.

AED 1,180,000

8,800 sq. ft.

AED 4,650,000

890 sq. ft.

AED 1,875,000

4 bed villa

VI1397

E Palm Jumeirah

Canal Cove

Jumeirah

Jumeirah Park 3 bed villa

AP1497

4 bed apartment

VI1357

SA Dubai Marina

Marina Crown

AP1458

L SA

AED 10,500,000

L SA

5,645 sq. ft.

Dubai Marina

Shemara Tower 1 bed apartment

AP1396

SA For above listed properties contact

Alex 055 5075020

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Properties of the month Emirates Living

Meadows 7 4 bed apartment

4,742 sq. ft.

AED 10,500,000

VI1564

Hamilton Residency 1 bed apartment

880 sq. ft.

Business Bay AED 1,370,000

L SA

Fairview Residency 1 bed apartment

Business Bay

1,324 sq. ft.

AED 1,950,000

AP1487

Executive Tower M 2 bed apartment

Business Bay

1,425 sq. ft.

AED 2,400,000

772 sq. ft.

AED 1,800,000

1 bed apartment

AP1291

Alex 055 5075020

1 bed apartment

AP1541

Downtown

Reehan 1

SA For above listed properties contact

LE Palm Jumeirah

Golden Mile 2

AP1475

AED 1,350,000

795 sq. ft.

AP1490

Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

Properties of the month Dubai Marina

Princess Tower 2 bed apartment

1,045 sq. ft.

AED 2,050,000

AP1495

Marina Pinnacle 3 bed apartment

Dubai Marina

1,550 sq. ft.

AED 2,250,000

4,100 sq. ft.

AED 7,800,000

2,246 sq. ft.

AED 3,000,000

1 bed apartment

AP1554

E Dubai Marina

Paloma Tower

Emirates Living

Meadows 1 4 bed villa

1 bed apartment

1,150 sq. ft.

Palm Jumeirah AED 3,330,000

AP1553

VI1398

Anantara Residences

AP1500

L SA

AED 2,500,000

L SA

1,330 sq. ft.

Emirates Living

Springs 8 3 bed villa

VI813

LE SA

LE SA For above listed properties contact

Alex 055 5075020

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TWO TOWERS Building Features: t t t t t t

5XP SFTJEFOUJBM UPXFST XJUI B TIBSFE DPVSUZBSE (ZNOBTJVN 4XJNNJOH 1PPM XJUI PVUEPPS terrace area and landscaped sun deck 5ISFF MFWFM TFDVSF CBTFNFOU QBSLJOH XJUI single point access 7FIJDMF ESPQ PĂ˛ QPJOU BU CVJMEJOH FOUSBODF lobby 3PVOE UIF DMPDL BEWBODFE TFDVSJUZ TZTUFN 1SPYJNJUZ UP .FUSP 4UBUJPO BOE XPSME DMBTT Shopping Malls

Apartment Features: t t t t t t t

Unique and modern spacious 1B/R and 2B/R apartments available in Two Towers - Tecom, graced with contemporary European fittings, perfectly suited to accommodate premium lifestyle in Dubai. Two Towers provide its residents easy access to business hubs such as Dubai Media City and Knowledge Village as well as areas such as Palm Jumeirah and Dubai Marina, Mall of the Emirates and Ibn Battuta mall. Youâ&#x20AC;&#x2122;ll find youâ&#x20AC;&#x2122;re never too far from work, play, or rest and direct access to Al Khail Road and Sheikh Zayed Road make it easy to reach places farther afield.

)VHF CBMDPOJFT PĂ˛FSJOH QBOPSBNJD WJFXT )JHI DFJMJOHT 4PMJE NBSCMF 4MBUF BOE 1BSRVFU 'MPPSJOH *UBMJBO 8BSESPCFT BOE ,JUDIFO $BCJOFUT (FSNBO 2VBMJUZ 8IJUF (PPET &OFSHZ FĂłDJFOU $FOUSBM XBUFS IFBUJOH TZTUFN â&#x20AC;&#x201C; resulting in substantial savings in electricity bills $FOUSBMJ[FE "JS $POEJUJPOJOH GSPN PO TJUF Chillers â&#x20AC;&#x201C; again resulting in huge savings.

Prices start from AED 1,472,698 for 1 B/R apartment, AED 1,908,378 for 2 B/R apartment and AED 2,838,006 for Penthouse with financing option for 10 years. Community

Tecom - Barsha

Property Name

Two Towers

Price starting from (AED)

1,472,698

1,908,378

2,838,006

Number of Bedroom(s)

1(Loft)

BUA (in Sq.ft.)

1,318

1,745

2,451

Reference Number

AP1338

AP1339

AP1375

Contact Number

04 457 6600

Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

T W O

T O W E R S

ONE B EDROOM F L O O R P L A N

LAUNDRY

LIV I N G/DI NI N G ROOM KITCH EN

EN TR AN CE

GU EST BE DROOM

EN S. 1

TYPICAL FLOORS: 3RD TO 21ST

UNITS 3 & 6: 1 BEDROOM APARTMENT UNITS: 1, 2, 4 & 5: 2 BEDROOM APARTMENT 4

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T W O

T O W E R S

TWO BEDROO M F L O O R P L A N

KITCH EN L IVING/ DI NING ROO M

ENT RANC E

GUE ST

LAUNDRY

BEDROO M II

ENS. II

BEDROO M

ENS. I

TYPICAL FLOORS: 3RD TO 21ST UNITS 3 & 6: 1 BEDROOM APARTMENT UNITS: 1, 2, 4 & 5: 2 BEDROOM APARTMENT 4

Valoran Real Estate Brokers Issue No. 24 - Dec. 2014

T W O

T O W E R S

PE NT HO USE A F L O O R P L A N

BEDRO OM VANIT Y DRESSING ROOM

ENSUI T E OPEN TO BELOW

KI TCHEN UPPER F LO OR L AUN DRY

DI NI NG ROOM

ENT RANCE

GU EST BAT H

LI VING ROOM

LOW ER FLOOR

PENTHOUSE FLOORS: 22/23/24

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‫اﺳﺘﺒﻌﺎد اﻷرﺑﺎح اﻟﺮأﺳامﻟﻴﺔ ﻟﻠﺴﻜﻦ اﻟﺮﺋﻴﴘ‬ ‫اﻟﻌﺪﻳﺪ ﻣﻦ اﳌﺴﺘﺜﻤﺮﻳﻦ ﻳﺤﻘﻘﻮن أﻗﴡ اﺳﺘﻔﺎدة ﻣﻦ اﻟﻘﺎﻧﻮن اﻟﺬي‬ ‫ﻳﺴﻤﺢ ﺑﺎﻹﻋﻔﺎء ﻣﻦ اﻟﴬاﺋﺐ إﱃ ﺣﺪ ﻣﻌني ﻟﻠﻌﻘﺎرات اﻟﺘﻲ ﺗﺴﺘﺨﺪم‬ ‫ﻛﻤﻘﺮ رﺋﻴﴘ ﻟﻠﺴﻜﻦ ﻣﻦ ﻗﺒﻞ اﻟﺒﺎﺋﻊ ﳌﺪة ﻻ ﺗﻘﻞ ﻋﻦ اﳌﺪة اﻟﺘﻲ‬ ‫ﻳﺤﺪدﻫﺎ اﻟﻘﺎﻧﻮن‪ .‬ﺑﺎﺳﺘﺨﺪام اﺳﱰاﺗﻴﺠﻴﺔ اﻟﺒﻴﻊ اﻟﺘﺴﻠﺴﻠﻴﺔ ﺣﻴﺚ ﻳﻘﻮم‬ ‫اﳌﺴﺘﺜﻤﺮ ﺑﴩاء‪ ،‬اﻹﻗﺎﻣﺔ‪ ،‬اﻟﺘﺠﺪﻳﺪ وﻣﻦ ﺛﻢ ﺑﻴﻊ اﻟﻌﻘﺎر ﺑﻌﺪ اﻻﺣﺘﻔﺎظ‬ ‫مبﻠﻜﻴﺘﻪ ﻟﻔﱰة اﻟﺤﺪ اﻷدىن‪ ،‬ﺗﻜﻮن أرﺑﺎﺣﻪ اﻟﺮأﺳامﻟﻴﺔ ﻣﻌﻔﺎة ﻣﻦ‬ ‫اﻟﴬاﺋﺐ إﱃ ﺣﺪ ﻣﻌني‪.‬‬

‫ﻧﻘﻞ اﳌﻠﻜﻴﺔ ﻣﻦ ﺧﻼل اﻹﻫﺪاء ﻳﻔﻴﺪ اﳌﺘﻠﻘﻲ ﻓﻘﻂ ﻋﻨﺪﻣﺎ ﻳﺘﻢ ﻧﻘﻞ‬ ‫اﳌﻠﻜﻴﺔ ﺑﻌﺪ وﻓﺎة اﳌﺎﻟﻚ اﻟﺴﺎﺑﻖ‪ .‬وﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻤﺴﺘﺜﻤﺮﻳﻦ اﻟﺬﻳﻦ ﻳﺮﻏﺒﻮن‬ ‫ﰲ ﺗﺄﺟﻴﻞ دﻓﻊ اﻟﴬاﺋﺐ ﻃﻮال ﺣﻴﺎﺗﻬﻢ‪ ،‬ﻓﺈن اﺳﺘﺜامر أرﺑﺎﺣﻬﻢ ﰲ‬ ‫ﻋﻘﺎرات أﻛﱪ ﻣﻦ وﻗﺖ ﻵﺧﺮ وﻋﺪم ﺑﻴﻌﻬﺎ ﺗﻌﺪ اﺳﱰاﺗﻴﺠﻴﺔ ﺟﻴﺪة‪.‬‬ ‫اﺳﺘﻨﺎدا إﱃ أﻫﺪاﻓﻚ‪ ،‬ميﻜﻨﻚ اﺧﺘﻴﺎر واﺣﺪة ﻣﻦ ﻫﺬه اﻻﺳﱰاﺗﻴﺠﻴﺎت‬ ‫ﻟﺒﻴﻊ ﻋﻘﺎرك وﺗﻘﻠﻴﻞ ﻗﻴﻤﺔ اﻟﴬاﺋﺐ اﳌﺴﺘﺤﻘﺔ‪.‬‬

‫وﻣﻊ ذﻟﻚ‪ ،‬ﻳﺠﺐ ﻋﲆ اﻟﺒﺎﺋﻊ ﺗﺘﺒﻊ اﻟﻘﻮاﻋﺪ اﻟﺘﻲ ﺗﻀﻌﻬﺎ اﻟﺴﻠﻄﺎت‬ ‫اﻟﴬﻳﺒﻴﺔ ﻓﻴام ﻳﺘﻌﻠﻖ ﺑﺠﻌﻞ اﻟﻌﻘﺎر ﻣﺆﻫﻼً ﻷن ﻳﻜﻮن ﻣﻘﺮا ً رﺋﻴﺴﻴﺎ‬ ‫ﻟﻠﺴﻜﻦ‪ ،‬واﻟﺬي ﻳﺘﻀﻤﻦ إﻗﺎﻣﺔ ﻣﺴﺘﻤﺮة ﻟﻔﱰة ﻣﺤﺪدة ﻛﻞ ﻋﺎم‪ .‬وﻳﺘﻢ‬ ‫ﻣﻨﺢ ﺑﻌﺾ اﻹﻋﻔﺎءات ﻷﺳﺒﺎب ﻣﺜﻞ اﻟﻨﻘﻞ ﺑﺴﺒﺐ اﻟﻌﻤﻞ‪ ،‬أﺳﺒﺎب ﺻﺤﻴﺔ‬ ‫واﻟﻈﺮوف اﻟﺸﺨﺼﻴﺔ اﻷﺧﺮى ﻏري اﳌﺘﻮﻗﻌﺔ ﻣﺜﻞ اﻟﻄﻼق أو اﻻﻧﻔﺼﺎل ﰲ‬ ‫ﺣﺎﻟﺔ اﳌﺘﺰوﺟني‪.‬‬

‫اﻟﺘﺄﺟري ﺣﺘﻰ اﻟﺘﻤﻠﻚ‬ ‫ﰲ إﻃﺎر ﻫﺬا اﻟﺨﻴﺎر‪ ،‬إﺿﺎﻓﺔ إﱃ ﻋﻘﺪ اﻹﻳﺠﺎر اﻟﻌﺎدي‪ ،‬ﻳﺘﻢ ﺗﻮﻗﻴﻊ ﻋﻘﺪ‬ ‫ﻣﻨﻔﺼﻞ ﻳﻌﻄﻲ اﳌﺴﺘﺄﺟﺮ ﺧﻴﺎر ﴍاء اﻟﻌﻘﺎر ﺿﻤﻦ ﻓﱰة ﻣﺤﺪودة ﺑﺴﻌﺮ‬ ‫ﻣﺤﺪد ﻣﺴﺒﻘﺎ واﻟﺬي ﻳﻜﻮن ﻣﻘﺒﻮﻻً ﻟﻜﻼ اﻟﻄﺮﻓني‪ .‬وﻳﻜﻮن ﻋﻘﺪ اﻟﺤﻖ ﰲ‬ ‫اﻟﴩاء ﻣﻊ اﳌﺴﺘﺄﺟﺮ‪ ،‬وﻳﻜﻮن ﺣﺮا ً ﰲ اﺧﺘﻴﺎر ﻣامرﺳﺔ ﻫﺬا اﻟﺨﻴﺎر ﻣﻦ‬ ‫ﻋﺪﻣﻪ‪ .‬اﻟﺘﺄﺟري ﺣﺘﻰ اﻟﺘﻤﻠﻚ ﻫﻮ ﻣﻔﻴﺪ ﻟﻠﻤﺴﺘﺜﻤﺮ‪ ،‬ﺣﻴﺚ أﻧﻪ ﻳﻮﻓﺮ‬ ‫ﺗﺪﻓﻖ ﻣﻨﺘﻈﻢ ﻟﻠﺪﺧﻞ واﻟﺬي ﻳﻜﻮن أﻋﲆ ﻗﻠﻴﻼ ﻣﻦ اﻟﻘﻴﻤﺔ اﻟﺴﻮﻗﻴﺔ‬ ‫ﻟﻼﺳﺘﺌﺠﺎر ﺣﻴﺚ ﻳﺘﺠﻪ اﳌﺒﻠﻎ اﻹﺿﺎﰲ ﻧﺤﻮ ﺳﻌﺮ ﺧﻴﺎر اﻟﴩاء‪ .‬ﻛام أﻧﻪ‬ ‫ﻳﻮﻓﺮ ﻋﲆ ﻛﻼ اﻟﻄﺮﻓني اﻟﺤﺎﺟﺔ إﱃ دﻓﻊ ﻋﻤﻮﻻت اﻟﺴﻤﴪة ﰲ وﻗﺖ‬ ‫اﻟﺘﺤﻮﻳﻞ‪.‬‬

‫ﻧﻘﻞ اﳌﻠﻜﻴﺔ ﻣﻦ ﺧﻼل إﻫﺪاء اﻟﻌﻘﺎر‬ ‫ﺧﻴﺎر ﺗﺤﻮﻳﻞ اﻟﴬاﺋﺐ ﻫﺬا ﻟﻴﺲ ﻣﻔﻴﺪا ﻟﻠامﻟﻚ اﻟﺠﺪﻳﺪ ﺣﻴﺚ أن‬ ‫ﻣﺴﺆوﻟﻴﺘﻪ اﻟﴬﻳﺒﻴﺔ ﻟﻪ ﺳﺘﺒﻘﻰ ﻛام ﻛﺎﻧﺖ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠامﻟﻚ اﻟﺴﺎﺑﻖ‪.‬‬ ‫وﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬إذا ﺑﺎع اﳌﺎﻟﻚ اﻟﺠﺪﻳﺪ اﻟﻌﻘﺎر ﻋﲆ اﻟﻔﻮر‪ ،‬ﻳﺠﺐ‬ ‫ﻋﻠﻴﻪ دﻓﻊ ﴐﻳﺒﺔ أرﺑﺎح رأس اﳌﺎل ﻋﲆ ﺳﻌﺮ اﻟﺒﻴﻊ ﺑﺄﴎه ﺣﻴﺚ ﻳﻌﺘﱪ‬ ‫ﻛﺎﻣﻞ اﳌﺒﻠﻎ أرﺑﺎﺣﺎً‪.‬‬

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‫فالوران للوساطة العقارية‬ ‫العدد ‪ - 24‬ديسمبر ‪2014‬‬

‫أن اﻟﺒﺎﺋﻊ ﻳﺠﺐ ﻋﻠﻴﻪ أن ﻳﻘﺪم ﻓﻘﻂ اﳌﺒﺎﻟﻎ اﳌﺴﺘﻠﻤﺔ ﺧﻼل ﺳﻨﺔ ﻣﻌﻴﻨﺔ‪.‬‬ ‫وﻫﺬا ﻣﻔﻴﺪ أﻳﻀﺎ ﺣﻴﺚ ﺗﺨﺘﻠﻒ ﻣﻌﺪﻻت اﻟﴬﻳﺒﺔ اﻟﺴﻨﻮﻳﺔ‪ ،‬وميﻜﻦ‬ ‫ﻟﻠﺒﺎﺋﻊ أن ﻳﺴﺘﻔﻴﺪ ﻣﻦ اﻟﺘﻤﺘﻊ ﺑﺎﻧﺨﻔﺎض اﻷﺳﻌﺎر ﰲ ﺑﻌﺾ اﻟﺴﻨﻮات ﻛام‬ ‫ميﻜﻨﻪ اﺧﺘﻴﺎر ﺗﻘﺪﻳﻢ اﻟﻌﺎﺋﺪات ﰲ اﻟﺴﻨﺔ اﻟﺘﻲ ﺑﻬﺎ أﻗﻞ ﻣﻌﺪﻻت ﴐﻳﺒﻴﺔ‪.‬‬ ‫ﻛام أن اﻟﺒﻴﻊ ﺑﺎﻟﺘﻘﺴﻴﻂ ﻗﺪ ﻳﻜﻮن ﻣﻔﻴﺪا ً ﰲ اﻟﺤﺎﻟﺔ اﻟﺘﻲ ﻳﺴﺎﻋﺪ اﻟﺒﺎﺋﻊ‬ ‫ﻓﻴﻬﺎ اﳌﺸﱰي إذا ﻣﺎ ﻛﺎن اﻷﺧري ﻳﺠﺪ ﺻﻌﻮﺑﺔ ﰲ اﻟﺤﺼﻮل ﻋﲆ اﻟﺘﻤﻮﻳﻞ‪.‬‬ ‫ﻣﻦ ﺧﻼل ﻋﺮض أﺧﺬ ﻣﺴﺘﻨﺪ اﻟﺮﻫﻦ اﻟﻌﻘﺎري ﻣﻦ اﳌﺸﱰي ﻣﻘﺎﺑﻞ‬ ‫ﻣﺴﺎﻫﻤﺘﻬﻢ ﰲ رأس اﳌﺎل ﰲ اﻟﻌﻘﺎر‪ ،‬وﻳﻘﻮم اﻟﺒﺎﺋﻊ مبﺴﺎﻋﺪة اﳌﺸﱰي‬ ‫ﺑﺸﻜﻞ ﻓﻌﺎل ﰲ متﻮﻳﻞ ﻋﻤﻠﻴﺔ اﻟﴩاء‪.‬‬ ‫ﻋﲆ ﺳﺒﻴﻞ اﳌﺜﺎل‪ ،‬اﻟﺒﺎﺋﻊ اﻟﺬي ﻟﻪ ﻋﻘﺎر ﺑﻘﻴﻤﺔ ‪ 1,000,000‬دوﻻر ﻗﺪ‬ ‫ﻳﻜﻮن ﻟﻪ ﻗﺮض ﻗﻴﻤﺘﻪ ‪ 400,000‬دوﻻر‪ .‬وﻳﻌﻘﺪ اﺗﻔﺎق ﺑﻴﻊ ﺑﺎﻟﺘﻘﺴﻴﻂ‬ ‫ﺣﻴﺚ ﻳﺪﻓﻊ اﳌﺸﱰي دﻓﻌﺔ أوﱃ ‪ 250،000‬دوﻻر‪ ،‬وﻳﺘﺤﻤﻞ ﺳﺪاد‬ ‫اﻟﻘﺮض اﳌﺴﺘﺤﻖ ﺑﻘﻴﻤﺔ ‪ 400،000‬دوﻻر‪ ،‬وﻳﺤﺼﻞ ﻋﲆ ‪350،000‬‬ ‫دوﻻر‪ .‬وﻋﲆ ﻫﺬا اﻟﻨﺤﻮ‪ ،‬ﻳﺪﻓﻊ اﳌﺸﱰي ﻟﻠﺒﺎﺋﻊ ﻣﺒﻠﻎ ‪ 350,000‬دوﻻر‬ ‫ﻋﲆ أﻗﺴﺎط ﻣﻊ ﻓﺎﺋﺪة ﻋﲆ ﻣﺪى ﺛﻼث ﺳﻨﻮات‪ .‬وﻳﻘﻮم اﻟﺒﺎﺋﻊ ﺑﻌﻤﻞ‬ ‫ﺗﻘﺎرﻳﺮ اﻷرﺑﺎح ﻋﲆ أﺳﺎس ﺳﻨﻮي‪ ،‬وﺑﺎﻟﺘﺎﱄ ﺗﺄﺟﻴﻞ اﻟﴬاﺋﺐ ﻋﲆ ﻣﺪى‬ ‫ﻓﱰة ﻣﻦ اﻟﺰﻣﻦ‪.‬‬

‫‪www.valoran.ae‬‬

‫ﺗﺒﺎدل اﻟﴬاﺋﺐ اﳌﺆﺟﻠﺔ‬ ‫مبﻮﺟﺐ ﻫﺬه اﻟﻄﺮﻳﻘﺔ‪ ،‬ﻳﺘﻢ ﺗﺄﺟﻴﻞ اﻟﴬﻳﺒﺔ اﳌﺴﺘﺤﻘﺔ ﻋﲆ ﺑﻴﻊ اﻟﻌﻘﺎر‬ ‫ﻣﻦ ﺧﻼل اﺳﺘﺜامر اﻷﺳﻬﻢ اﻟﺘﻲ ﺗﺮاﻛﻤﺖ ﻣﻦ اﻟﻌﻘﺎر اﻟﺬي ﺗﻢ ﺑﻴﻌﻪ ﰲ‬ ‫ﻋﻘﺎر ﺟﺪﻳﺪ‪ .‬ﻋﺎدة ﻣﺎ ﻳﻌﺘﱪ اﻻﻧﺘﻘﺎل ﺑني اﻟﻌﻘﺎرﻳﻦ اﺳﺘﺜامرا ً واﺣﺪا ً‬ ‫ﻣﺴﺘﻤﺮا ً‪ ،‬وﺑﺎﻟﺘﺎﱄ‪ ،‬ﻻ ﻳﺘﻢ ﻓﺮض أي ﴐﻳﺒﺔ ﻋﲆ اﻷرﺑﺎح اﻟﺮأﺳامﻟﻴﺔ‪.‬‬ ‫ﻫﻨﺎك ﻋﺪة ﻃﺮق ﻻﺳﺘﺨﺪام ﺗﺒﺎدل اﻟﴬاﺋﺐ اﳌﺆﺟﻠﺔ‪ .‬ﰲ اﻟﺘﺒﺎدل اﳌﺒﺎﴍ‪،‬‬ ‫ﻳﺘﺒﺎدل اﻟﻄﺮﻓﺎن ﻋﻘﺎرات ﺑﻨﻔﺲ اﻟﻘﻴﻤﺔ ﺗﻘﺮﻳﺒﺎً‪ .‬ﰲ ﺑﻌﺾ اﻷﺣﻴﺎن ميﻜﻦ‬ ‫أن ﺗﺴﺘﺨﺪم اﻟﺘﺒﺎدل ﻣﺘﻌﺪد اﻷﻃﺮاف ﻋﻨﺪﻣﺎ ﻳﺘﻌﻠﻖ اﻷﻣﺮ ﺑﺜﻼﺛﺔ أﻃﺮاف‬ ‫أو أﻛرث ﰲ ﻋﻤﻠﻴﺔ اﻟﺘﺒﺎدل‪ .‬ﻋﲆ ﺳﺒﻴﻞ اﳌﺜﺎل‪ ،‬ﻗﺪ ﻻ ﻳﺮﻏﺐ اﻟﺒﺎﺋﻊ ﰲ‬ ‫ﻋﻘﺎر اﳌﺸﱰي وﻟﻜﻨﻪ ﻗﺪ ﻳﻔﻀﻞ ﻋﻘﺎرا ً ﻣﻤﻠﻮﻛﺎً ﻟﻄﺮف ﺛﺎﻟﺚ‪ .‬اﻟﺘﺒﺎدل‬ ‫ﻣﺘﻌﺪد اﻷﻃﺮاف ﻣﻌﻘﺪة ﻟﻠﻐﺎﻳﺔ‪ ،‬ورمبﺎ ﻣﺸﻮرة أو ﺧﱪة ﻣﺘﺨﺼﺺ ﰲ‬ ‫اﻟﴬاﺋﺐ‪ .‬ﻗﺪ ﻳﺨﺘﺎر اﻟﺒﺎﺋﻌﻮن أﻳﻀﺎ ﻃﺮﻳﻘﺔ اﻟﺘﺒﺎدل اﳌﺘﺄﺧﺮ‪ ،‬واﻟﺬي ﻳﺘﻴﺢ‬ ‫ﻟﻪ إﻋﺎدة اﻻﺳﺘﺜامر ﰲ ﻋﻘﺎر ﺑﺪﻳﻞ ﰲ ﻏﻀﻮن ﻓﱰة ﻣﺤﺪدة‪.‬‬ ‫ﻫﻨﺎك ﻧﻘﻄﺔ ﻳﺠﺐ ﺗﺬﻛﺮﻫﺎ وﻫﻲ ان ﺗﺒﺎدل اﻟﴬاﺋﺐ اﳌﺆﺟﻠﺔ ﻟﻴﺴﺖ‬ ‫وﺳﻴﻠﺔ ﻟﻠﻘﻀﺎء ﻋﲆ ﴐﻳﺒﺔ اﻷرﺑﺎح اﻟﺮأﺳامﻟﻴﺔ‪ .‬ﺑﻞ إﻧﻬﺎ ﻣﺠﺮد ﺗﺄﺟﻴﻞ‬ ‫ﻟﻠﻤﺴﺆوﻟﻴﺔ اﻟﴬﻳﺒﻴﺔ ﻟﻠﺒﺎﺋﻊ‪.‬‬

‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫مبﺠﺮد ﴍاء اﻟﻌﻘﺎرات‪ ،‬ﻓﺄﻧﺖ ﺗﺴﺘﺜﻤﺮ ﰲ إﺿﺎﻓﺔ ﻗﻴﻤﺔ ﻟﻬﺎ ﻣﻦ ﺧﻼل‬ ‫ﺗﻜﺎﻟﻴﻒ اﻟﺼﻴﺎﻧﺔ‪ ،‬وإدﺧﺎل اﻟﺘﺤﺴﻴﻨﺎت‪ .‬ﻟﺬﻟﻚ‪ ،‬إﻻ إذا ﻛﻨﺖ ﻗﺎدرا ﻋﲆ‬ ‫اﻟﺤﺼﻮل ﻋﲆ اﻟﺴﻌﺮ اﻟﺬي ﻳﻐﻄﻲ ﺟﻤﻴﻊ اﻟﻨﻔﻘﺎت اﻟﺘﻲ ﺗﻜﺒﺪﺗﻬﺎ‪ ،‬ﻗﺪ ﻻ‬ ‫ﻳﻜﻮن ﻣﻦ اﻟﺤﻜﻤﺔ ﺑﻴﻌﻪ ﻣﺎ دام ﻟﺪﻳﻚ اﻟﻘﻮة اﳌﺎﻟﻴﺔ ﻟﻼﺣﺘﻔﺎظ ﺑﻪ‪.‬‬ ‫ﰲ درس ﻫﺬا اﻟﺸﻬﺮ‪ ،‬ﺳﻮف ﻧﻐﻄﻲ ﻣﺨﺘﻠﻒ أﻧﻮاع اﺳﱰاﺗﻴﺠﻴﺎت اﻟﺒﻴﻊ‬ ‫اﻟﺘﻲ ﻣﻦ ﺷﺄﻧﻬﺎ أن ﺗﺴﺎﻋﺪك ﻋﲆ اﻟﺤﺼﻮل ﻋﲆ أﻓﻀﻞ اﻷﺳﻌﺎر وﺗﺨﻔﻴﺾ‬ ‫اﻟﴬﻳﺒﺔ اﳌﺴﺘﺤﻘﺔ ﻋﲆ ﻋﻘﺎرك‪.‬‬

‫اﻟﺒﻴﻊ اﳌﺒﺎﴍ‬

‫ﻣﻦ ﺧﻼل اﻟﺒﻴﻊ ﺑﺎﻟﺘﻘﺴﻴﻂ أو اﻟﺘﺒﺎدل‪.‬‬ ‫ﻣﻌﺪل ﴐﻳﺒﺔ أرﺑﺎح رأس اﳌﺎل ﻳﻌﺘﻤﺪ ﻋﲆ اﻟﻔﱰة اﻟﺘﻲ ﺗﻢ اﻻﺣﺘﻔﺎظ‬ ‫ﻓﻴﻬﺎ مبﻠﻜﻴﺔ اﻟﻌﻘﺎر‪ .‬ﺑﺸﻜﻞ ﻋﺎم‪ ،‬ﻳﺘﻢ ﻓﺮض ﻧﺴﺒﺔ أﻋﲆ ﻣﻦ اﻟﴬﻳﺒﺔ‬ ‫ﻋﲆ اﻟﻌﻘﺎرات اﻟﺘﻲ ﺗﻢ اﻻﺣﺘﻔﺎظ ﺑﻬﺎ ﳌﺪة ﺗﻘﻞ ﻋﻦ ‪ 12‬ﺷﻬﺮا‪ ،‬ﰲ ﺣني‬ ‫ﻳﻨﺨﻔﺾ اﳌﻌﺪل ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻌﻘﺎرات اﻟﺘﻲ ﺗﻢ اﻻﺣﺘﻔﺎظ مبﻠﻜﻴﺘﻬﺎ ﻷﻛرث‬ ‫ﻣﻦ ﺳﻨﺔ‪ .‬أﺛﻨﺎء ﺣﺴﺎب اﻷرﺑﺎح اﻟﺮأﺳامﻟﻴﺔ‪ ،‬ﻻ ﻳﻜﻮن ﺳﻌﺮ اﻟﺒﻴﻊ ﻫﻮ‬ ‫اﳌﺤﺪد اﻟﻮﺣﻴﺪ ﻟﻠﺮﺑﺢ أو اﻟﺨﺴﺎرة‪ .‬ﻣﻦ اﳌﺆﻛﺪ أن ﺗﻘﺘﻄﻊ اﻟﻨﻔﻘﺎت‬ ‫اﻟﺮأﺳامﻟﻴﺔ اﳌﱰﺗﺒﺔ ﻋﲆ اﻟﺤﻔﺎظ ﻋﲆ أو ﺗﺤﺴني اﻟﻌﻘﺎر‪ .‬وﺑﺎﳌﺜﻞ‪ ،‬ﻓﺈن‬ ‫أي ﺧﺴﺎﺋﺮ ﰲ اﻟﻌﻘﺎر ﺧﻼل اﻟﺴﻨﻮات اﻟﺴﺎﺑﻘﺔ ميﻜﻦ ﺗﻌﺪﻳﻠﻬﺎ ﻟﻠﺤﺪ ﻣﻦ‬ ‫اﳌﺴﺆوﻟﻴﺔ اﻟﴬﻳﺒﻴﺔ‪ .‬اﻻﺳﺘﻬﻼك اﳌﺪﻋﻰ ﻟﻠﻌﻘﺎر ﺧﻼل ﻓﱰة اﻻﺣﺘﻔﺎظ‬ ‫مبﻠﻜﻴﺘﻪ ﻳﺠﺐ أن ﺗﻀﺎف وﺳﻮف ﻳﺰﻳﺪ ذﻟﻚ ﻣﻦ اﻷرﺑﺎح اﻟﺨﺎﺿﻌﺔ‬ ‫ﻟﻠﴬﻳﺒﺔ‪.‬‬

‫أﺑﺴﻂ ﻃﺮﻳﻘﺔ ﻟﻠﺨﺮوج ﻣﻦ اﻟﻌﻘﺎر ﻫﻲ ﺑﻴﻌﻪ ودﻓﻊ ﴐﻳﺒﺔ أرﺑﺎح رأس‬ ‫اﳌﺎل ﻋﲆ ذﻟﻚ‪ .‬ﻗﺪ ﺗﻜﻮن ﻫﺬه اﺳﱰاﺗﻴﺠﻴﺔ ﻣﻨﺎﺳﺒﺔ ﻟﻠﻤﺴﺘﺜﻤﺮ اﻟﺬي‬ ‫ﻳﺮﻳﺪ إﺑﻄﺎء‪ ،‬اﻟﺘﴫف ﰲ أﻣﻮاﻟﻪ وأن ﻳﻌﻴﺶ ﺣﻴﺎة اﻟﺘﻲ ﻻ ﺗﻨﻄﻮي ﻋﲆ‬ ‫اﻟﺒﺤﺚ ﻋﻦ ﻣﺴﺘﺄﺟﺮﻳﻦ أو ﺻﻴﺎﻧﺔ وﺗﺮﻣﻴﻢ اﻟﻌﻘﺎر‪.‬‬

‫اﻟﺒﻴﻊ ﺑﺎﻟﺘﻘﺴﻴﻂ‬

‫اﻟﺒﻴﻊ اﳌﺒﺎﴍ ﻳﻌﺪ ﺟﻴﺪا ً أﻳﻀﺎ ﻟﻠﻤﺴﺘﺜﻤﺮ اﻟﺬي ﺣﺼﻞ ﻋﲆ ﺳﻌﺮ ﺟﻴﺪ‪،‬‬ ‫وﻟﻜﻨﻪ ﻳﺮﻳﺪ أن ﻳﺘﺠﻨﺐ دﻓﻊ ﴐﻳﺒﺔ اﻷرﺑﺎح اﻟﺮأﺳامﻟﻴﺔ‪ .‬وميﻜﻦ اﻟﻘﻴﺎم‬ ‫ﺑﺬﻟﻚ ﻋﻦ ﻃﺮﻳﻖ ﺗﺄﺟﻴﻞ اﻟﺮﺑﺢ ﻣﻦ ﺧﻼل إﻋﺎدة اﻻﺳﺘﺜامر ﰲ ﻋﻘﺎر آﺧﺮ‬

‫ميﻜﻦ ﻟﻠﺒﻴﻊ ﺑﺎﻟﺘﻘﺴﻴﻂ ﻣﺴﺎﻋﺪة ﻣﺎﻟﻚ اﻟﻌﻘﺎر ﰲ ﺗﺄﺟﻴﻞ اﻟﴬاﺋﺐ ﺣﻴﺚ‬ ‫اﻧﻪ ﻳﺤﺼﻞ ﻋﲆ ﻋﺎﺋﺪات اﳌﺒﻴﻌﺎت ﻋﲆ ﻣﺪى ﻓﱰة ﻣﻦ اﻟﻮﻗﺖ ﺑﺪﻻ ﻣﻦ‬ ‫ﻣﺒﻠﻎ ﻣﺴﺘﻘﻄﻊ ﰲ وﻗﺖ اﻟﺒﻴﻊ‪ .‬وﻣﻴﺰة ﻫﺬه اﻟﻄﺮﻳﻘﺔ ﻟﺒﻴﻊ اﻟﻌﻘﺎر ﻫﻲ‬

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‫فالوران للوساطة العقارية‬ ‫العدد ‪ - 24‬ديسمبر ‪2014‬‬

‫االستثمار العقاري‬ ‫الدرس ‪22‬‬

‫تخطيط استراتيجيات بيع عقارك‬ ‫ﻋﻨﺪ اﻣﺘﻼك ﻋﻘﺎر ﻓﺈن ﻫﻨﺎك اﳌﺰﻳﺪ ﻣﻦ اﻷﻣﻮر ﻳﺠﺐ اﻟﺘﻔﻜري ﻓﻴﻬﺎ أﻛرث ﻣﻦ ﻣﺠﺮد إدارة وﺗﺸﻐﻴﻞ اﻟﻌﻘﺎر‪ .‬وﺟﻮد‬ ‫اﺳﱰاﺗﻴﺠﻴﺔ ﻟﺒﻴﻊ اﻟﻌﻘﺎر ﻫﻮ أﻣﺮ ﺑﺎﻟﻎ اﻷﻫﻤﻴﺔ ﻟﺘﻜﻮن ﻧﺎﺟﺤﺎً ﰲ ﻣﻠﻜﻴﺔ اﻟﻌﻘﺎر ﻟﻼﺳﺘﺜامر‪ .‬ﰲ ﺣني أن ﺗﺄﺟري‬ ‫اﻟﻌﻘﺎر واﻟﺤﻔﺎظ ﻋﻠﻴﻪ ﺳﻮف ﻳﺤﻘﻖ ﻟﻚ دﺧﻼً وﻳﻨﻤﻲ ﺛﺮوﺗﻚ ﻋﲆ اﳌﺪى اﻟﻄﻮﻳﻞ‪ ،‬ﻓﺈن ﻣﻌﺮﻓﺔ اﻟﻮﻗﺖ اﳌﻨﺎﺳﺐ‬ ‫واﻟﺴﻌﺮ اﳌﻨﺎﺳﺐ ﻟﺒﻴﻊ اﻟﻌﻘﺎر ﻋﲆ ﻧﻔﺲ اﻟﻘﺪر ﻣﻦ اﻷﻫﻤﻴﺔ‪ .‬وﻣﻦ اﳌﺴﺘﺤﺴﻦ أن ﺗﻜﻮن ﻫﻨﺎك اﺳﱰاﺗﻴﺠﻴﺔ‬ ‫ﻟﻠﺒﻴﻊ ﻣﺨﻄﻂ ﻟﻬﺎ ﰲ وﻗﺖ ﴍاء اﻟﻌﻘﺎر ﻧﻔﺴﻪ‪ .‬ﺑﻄﺒﻴﻌﺔ اﻟﺤﺎل‪ ،‬ﻓﺈﻧﻪ ميﻜﻦ ﺗﻌﺪﻳﻠﻬﺎ ﻻﺣﻘﺎ ﻟﺘﺘﻨﺎﺳﺐ ﻣﻊ ﺳﻴﻨﺎرﻳﻮ‬ ‫أو ﺣﺎﻟﺔ ﻣﻌﻴﻨﺔ‪.‬‬

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‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫التوقعات‬ ‫في حني أن االستثمار العقاري الذي يتم من خالل برنامج اجلنسية‬ ‫مقابل االستثمار قد ساعد اجلزر الكاريبية التي تعاني ضائقة مالية‬ ‫من التعافي من األزمة املالية العاملية‪ ،‬إال أنها ترتبط بانعدام الشفافية‬ ‫واملساءلة التي من شأنها أال توفر أي حماية ضد األفراد والشركات التي‬ ‫تستخدم النظام كوسيلة للتهرب من العقوبات االقتصادية‪ .‬وقد‬ ‫اعتبرت بعض هذه البرامج من قبل الواليات املتحدة أنها تتيح لألفراد‬ ‫غير املشروعني باستخدام البرنامج للتهرب من العقوبات االقتصادية‬ ‫الدولية أو املشاركة في جرائم مالية أخرى‪.‬‬ ‫مع إلغاء كندا مؤخرا للدخول بدون تأشيرة ملواطني سانت كيتس‬ ‫ونيفيس‪ ،‬فإنه يبقى أن نرى ما إذا كان املزيد من الدول سوف حتذو حذوها‪.‬‬ ‫إذا حدث ذلك‪ ،‬فإنه يجب على اجلزر الكاريبية النظر إلى تشديد قواعد‬ ‫األهلية‪ ،‬وجعل العملية أكثر شفافية‪.‬‬

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‫فالوران للوساطة العقارية‬ 2014 ‫ ديسمبر‬- 24 ‫العدد‬

Roundtrip Transcation Costs Across The Region Rank

1 2 3 4 5 6 7 8 9 10

City

Grenada Bermuda St Kitts and Nevis Dominica Antigua Anguilla St Lucia BVI Bahamas Cayman Is.

37.50% 31.00% 29.79% 28.45% 28.00% 24.66% 21.96% 21.84% 21.26% 20.20%

Source: Global Property Guide

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‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫دومينيكا‬ ‫ﻗﻄﺎع اﻟﺴﻴﺎﺣﺔ ﰲ دوﻣﻴﻨﻴﻜﺎ ﻛﺎن ﰲ ﺣﺎﻟﺔ ازدﻫﺎر ﺑﻌﺪ ﺟﻌﻞ اﻟﺠﺰر أﻛرث‬ ‫ﺷﻬﺮة ﻣﻦ ﻗﺒﻞ أﻓﻼم ﻗﺮاﺻﻨﺔ اﻟﻜﺎرﻳﺒﻲ )اﻟﺠﺰء ‪ 2‬و ‪ .(3‬واﺣﺪة ﻣﻦ‬ ‫اﻟﺠﺰر اﻟﻜﺎرﻳﺒﻴﺔ اﻟﺘﻲ ﺗﻘﺪم ﺧﻴﺎر اﻟﺠﻨﺴﻴﺔ ﻣﻦ ﺧﻼل اﻻﺳﺘﺜامر‪ ،‬ﻳﺤﻖ‬ ‫ﻟﻠﻤﺴﺘﺜﻤﺮﻳﻦ اﻟﺬﻳﻦ ﻳﺴﺘﺜﻤﺮون ﻣﺒﺎﻟﻎ ﻏري ﻗﺎﺑﻠﺔ ﻟﻼﺳﱰداد ﺑﻘﻴﻤﺔ‬ ‫‪ 100،000‬دوﻻر ﺑﺎﻹﺿﺎﻓﺔ إﱃ رﺳﻮم ﻗﺪرﻫﺎ ‪ 1800‬دوﻻر اﻟﺤﺼﻮل ﻋﲆ‬ ‫اﻟﺠﻨﺴﻴﺔ‪ ،‬مبﺎ ﰲ ذﻟﻚ اﻟﺪﺧﻮل ﺑﺪون ﺗﺄﺷرية إﱃ ‪ 87‬ﺑﻠﺪا‪ ،‬ﰲ ﻏﻀﻮن‬ ‫مثﺎﻧﻴﺔ أﺳﺎﺑﻴﻊ‪.‬‬ ‫ميﻜﻦ ﻟﻸﺟﺎﻧﺐ ﴍاء اﻟﻌﻘﺎرات اﻟﺴﻜﻨﻴﺔ اﻟﺘﻲ ﺗﺼﻞ ﻣﺴﺎﺣﺘﻬﺎ إﱃ ﻓﺪان‬ ‫واﺣﺪ واﻟﻌﻘﺎرات اﻟﺘﺠﺎرﻳﺔ اﻟﺘﻲ ﺗﺼﻞ ﻣﺴﺎﺣﺘﻬﺎ إﱃ ﺛﻼﺛﺔ أﻓﺪﻧﺔ دون‬ ‫أي ﻗﻴﻮد‪ .‬وﻳﺠﺐ ﻋﲆ ﻏري اﳌﻘﻴﻤني ﻟﻠﺤﺼﻮل ﻋﲆ رﺧﺼﺔ ﺣﻴﺎزة اﻷراﴈ‬ ‫ﻟﻐري اﳌﻘﻴﻤني إذا ﻛﺎﻧﻮا ﻣﻬﺘﻤني ﺑﴩاء ﻋﻘﺎرات ﺗﺘﺠﺎوز ﻫﺬه اﻟﺤﺪود‬ ‫اﳌﻨﺼﻮص ﻋﻠﻴﻬﺎ‪ .‬ﻛام ﻫﻮ اﻟﺤﺎل ﻣﻊ أﻧﺘﻴﻐﻮا‪ ،‬ﻋﺎﺋﺪات اﻹﻳﺠﺎر ﰲ‬ ‫دوﻣﻴﻨﻴﻜﺎ ﻣﻨﺨﻔﻀﺔ وﺗﺼﻞ ﻧﺤﻮ ‪ 4‬ﰲ اﳌﺌﺔ‪ .‬وﺗﻔﺮض ﴐﻳﺒﺔ ﻋﲆ ﻏري‬ ‫اﳌﻘﻴﻤني ﻋﲆ إﻳﺮادات اﻹﻳﺠﺎر ﺑﻨﺴﺐ ﺗﺼﺎﻋﺪﻳﺔ ﺗﱰاوح ﻣﺎ ﺑني ‪ 15‬ﰲ‬ ‫اﳌﺌﺔ و ‪ 35‬ﰲ اﳌﺌﺔ‪ .‬وﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬ﻳﺨﻀﻊ دﺧﻞ اﻹﻳﺠﺎر ﻟﴬﻳﺒﺔ‬ ‫اﻟﻘﻴﻤﺔ اﳌﻀﺎﻓﺔ ﺑﻨﺴﺒﺔ ‪ 15‬ﰲ اﳌﺌﺔ‪ .‬وﻻ ﺗﻔﺮض أي ﴐاﺋﺐ ﻋﲆ اﻷرﺑﺎح‬ ‫اﻟﺮأﺳامﻟﻴﺔ ﰲ دوﻣﻴﻨﻴﻜﺎ‪.‬‬ ‫ﺗﻜﺎﻟﻴﻒ اﳌﻌﺎﻣﻼت ﻣﺮﺗﻔﻌﺔ ﺟﺪا ﰲ دوﻣﻴﻨﻴﻜﺎ‪ ،‬وﺗﺼﻞ إﱃ ﺣﻮاﱄ ‪28.45‬‬ ‫ﰲ اﳌﺌﺔ ﻣﻦ ﻗﻴﻤﺔ اﻟﻌﻘﺎر‪ .‬ﰲ اﻟﺤﻘﻴﻘﺔ‪ ،‬ﻫﻲ ﻣﻦ ﺑني أﻋﲆ اﳌﻌﺪﻻت ﰲ‬ ‫اﳌﻨﻄﻘﺔ‪ ،‬وﻟﻜﻦ ﻻ ﺗﺰال أﻗﻞ ﻣﻦ ﻏﺮﻳﻨﺎدا وﺳﺎﻧﺖ ﻛﻴﺘﺲ وﻧﻴﻔﻴﺲ‪.‬‬

‫غرينادا‬ ‫دوﻟﺔ ﺻﻐرية ﺗﺘﺄﻟﻒ ﻣﻦ ﺟﺰر ﻏﺮﻳﻨﺎدا‪ ،‬وﻛﺎرﻳﺎﻛﻮ وﻣﺎرﺗﻴﻨﻴﻚ‪ ،‬وﺗﻌﺪ‬ ‫أﺳﻌﺎر اﻟﻌﻘﺎرات ﰲ ﻏﺮﻳﻨﺎدا ﻫﻲ أﻛرث اﻷﺳﻌﺎر ﻣﻌﻘﻮﻟﻴﺔ ﻣﻦ ﺑﻌﺾ‬ ‫اﻟﺠﺰر اﻷﺧﺮى ﰲ ﻣﻨﻄﻘﺔ اﻟﺒﺤﺮ اﻟﻜﺎرﻳﺒﻲ‪ .‬ﺗﻜﻠﻔﺔ اﳌﻨﺎزل ﻋﲆ ﺷﺎﻃﺊ‬ ‫اﻟﺒﺤﺮ ﺣﻮاﱄ ‪ 0.5‬ﻣﻠﻴﻮن دوﻻر‪ ،‬واﻷﺳﻌﺎر ﰲ اﳌﻨﺎﻃﻖ اﻟﺴﺎﺣﻠﻴﺔ ﺗﺼﻞ إﱃ‬ ‫‪ 3،500‬دوﻻر ﻟﻠﻤﱰ اﳌﺮﺑﻊ ﰲ اﳌﺘﻮﺳﻂ‪ .‬اﻟﻌﺎﺋﺪات اﻹﻳﺠﺎرﻳﺔ ﰲ ﻏﺮﻳﻨﺎدا‬ ‫ﻣﻨﺨﻔﻀﺔ ﻧﺴﺒﻴﺎ ﻋﻨﺪ ﺣﻮاﱄ ‪ 4.3‬ﰲ اﳌﺌﺔ‪ ،‬وﺗﻨﺨﻔﺾ اﻟﻌﺎﺋﺪات اﻹﻳﺠﺎرﻳﺔ‬ ‫ﺑﺸﻜﻞ أﻛﱪ ﰲ اﻟﻌﻘﺎرات اﻟﻜﺒرية‪.‬‬ ‫ﻋﻦ ﻃﺮﻳﻖ ﺑﺮﻧﺎﻣﺞ اﻟﺠﻨﺴﻴﺔ ﻣﻘﺎﺑﻞ اﻻﺳﺘﺜامر‪ ،‬ﺗﻘﺪم اﻟﺒﻠﺪ ﺟﻮازات‬ ‫اﻟﺴﻔﺮ ﻣﻊ اﻟﺪﺧﻮل ﺑﺪون ﺗﺄﺷرية إﱃ ﻧﺤﻮ ‪ 100‬دوﻟﺔ ﻟﻠﻤﺸﱰﻳﻦ اﻷﺟﺎﻧﺐ‬ ‫اﻟﺬﻳﻦ ﻳﻘﻮﻣﻮن ﺑﺎﻟﺤﺪ اﻷدىن ﻣﻦ اﻻﺳﺘﺜامر وﻫﻮ ‪ 250،000‬دوﻻر ﰲ‬

‫ﻣﴩوع ﻋﻘﺎري ﻣﻌﺘﻤﺪ‪ .‬وﺗﺘﻢ ﻣﻌﺎﻟﺠﺔ اﻟﻄﻠﺐ ﰲ ﻏﻀﻮن ‪ 60‬ﻳﻮﻣﺎ‪،‬‬ ‫وﻳﺠﺐ أن ﻳﺘﻢ اﻻﺣﺘﻔﺎظ ﺑﺎﻻﺳﺘﺜامر ﳌﺪة أرﺑﻊ ﺳﻨﻮات ﻋﲆ اﻷﻗﻞ‪.‬‬ ‫ﻣﻌﺪﻻت ﴐﻳﺒﺔ اﻟﺪﺧﻞ ﻣﻌﺘﺪﻟﺔ ﺣﻴﺚ ﺗﻔﺮض ﻋﲆ ﻏري اﳌﻘﻴﻤني ﴐﻳﺒﺔ‬ ‫اﻻﺳﺘﻘﻄﺎع ﺑﻨﺴﺒﺔ ‪ 15‬ﰲ اﳌﺎﺋﺔ ﻋﲆ إﻳﺮادات اﻹﻳﺠﺎر‪ .‬ﻛام ﻫﻮ اﻟﺤﺎل ﻣﻊ‬ ‫دول أﺧﺮى ﰲ ﻣﻨﻄﻘﺔ اﻟﺒﺤﺮ اﻟﻜﺎرﻳﺒﻲ‪ ،‬ﻻ ﺗﻮﺟﺪ ﴐﻳﺒﺔ ﻋﲆ اﻷرﺑﺎح‬ ‫اﻟﺮأﺳامﻟﻴﺔ ﻋﲆ اﻟﺒﺎﺋﻌني‪.‬‬ ‫ﺗﻜﺎﻟﻴﻒ اﳌﻌﺎﻣﻼت ﰲ ﻏﺮﻳﻨﺎدا ﻫﻲ اﻷﻋﲆ ﺑني اﻟﺠﺰر اﻟﻜﺎرﻳﺒﻴﺔ وﺗﱰاوح‬ ‫ﺑني ‪ 32‬ﰲ اﳌﺌﺔ اﱃ ‪ 43‬ﰲ اﳌﺌﺔ ﻣﻦ ﻗﻴﻤﺔ اﻟﻌﻘﺎر‪ .‬وﻳﺠﺐ ﻋﲆ اﻷﺟﺎﻧﺐ‬ ‫أﻳﻀﺎ اﻟﺤﺼﻮل ﻋﲆ رﺧﺼﺔ ﺣﻴﺎزة اﻷراﴈ ﺑﺴﻌﺮ ‪ 10‬ﰲ اﳌﺌﺔ ﻣﻦ ﻗﻴﻤﺔ‬ ‫اﻟﻌﻘﺎر‪ .‬وﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬ﻳﺠﺐ ﻋﻠﻴﻬﻢ دﻓﻊ ﴐﻳﺒﺔ ﻧﻘﻞ اﳌﻠﻜﻴﺔ‬ ‫واﻟﺘﻲ متﺜﻞ ‪ 10‬ﰲ اﳌﺌﺔ‪.‬‬

‫سانت كيتس ونيفيس‬ ‫مل ﺗﺘﺄﺛﺮ ﻫﺬه اﻟﺠﺰﻳﺮة ﺑﺸﻜﻞ ﻛﺒري ﺟﺮاء اﻷزﻣﺔ اﳌﺎﻟﻴﺔ اﻟﻌﺎﳌﻴﺔ ﺑﺴﺒﺐ‬ ‫ﺑﺮﻧﺎﻣﺞ اﻟﺠﻨﺴﻴﺔ ﻣﻘﺎﺑﻞ اﻻﺳﺘﺜامر‪ .‬وﻇﻞ ﺳﻮق اﻟﻌﻘﺎرات اﻟﺴﻜﻨﻴﺔ‬ ‫ﻣﺰدﻫﺮا ً وﻛﺎﻧﺖ أﺳﻌﺎر اﳌﻨﺎزل ﰲ اﳌﻌﺪل اﳌﺘﻮﺳﻂ )ﺑني ‪ 550،000‬دوﻻر‬ ‫و ‪ 850،000‬دوﻻر( ﻣﻘﺎرﻧﺔ ﻣﻊ اﻟﺠﺰر اﻷﺧﺮى ﰲ اﳌﻨﻄﻘﺔ‪ .‬اﻷﺟﺎﻧﺐ‬ ‫اﻟﺬﻳﻦ ﻳﺴﺘﺜﻤﺮون ‪ 400،000‬دوﻻر ﻛﺤﺪ أدىن ﰲ اﻟﻔﻴﻼت واﻟﻮﺣﺪات‬ ‫اﻟﺴﻜﻨﻴﺔ‪ ،‬إﱃ ﺟﺎﻧﺐ رﺳﻮم اﻟﺘﺴﺠﻴﻞ ﺑﻘﻴﻤﺔ ‪ 50،000‬دوﻻر‪ ،‬ﻣﺆﻫﻠﻮن‬ ‫ﻟﻠﺤﺼﻮل ﻋﲆ اﻟﺠﻨﺴﻴﺔ‪ ،‬واﻟﺘﻲ ﺗﺘﻀﻤﻦ اﻟﺪﺧﻮل ﺑﺪون ﺗﺄﺷرية إﱃ ‪131‬‬ ‫ﺑﻠﺪا‪.‬‬ ‫ﺟﺰر ﺳﺎﻧﺖ ﻛﻴﺘﺲ وﻧﻴﻔﻴﺲ ﺑﻬﺎ اﻟﺤﺪ اﻷدىن ﻣﻦ اﻟﴬاﺋﺐ‪ ،‬ﻣام ﻳﺠﻌﻠﻬﺎ‬ ‫وﺟﻬﺔ اﺳﺘﺜامرﻳﺔ ﺟﺬاﺑﺔ‪ .‬إﻳﺮادات اﻹﻳﺠﺎر ﻟﻴﺴﺖ ﺧﺎﺿﻌﺎ ﻟﻠﴬﻳﺒﺔ ﻣﺎ‬ ‫مل ﻳﺘﻢ ﺗﺤﻮﻳﻠﻬﺎ اﱃ ﺧﺎرج اﻟﺒﻼد‪ ،‬وﰲ ﻫﺬه اﻟﺤﺎﻟﺔ ﻳﺘﻢ ﺣﺴﺎب ﴐﻳﺒﺔ‬ ‫‪ 10‬ﰲ اﳌﺌﺔ‪ .‬ﻛام أن اﻟﻌﻘﺎر أﻳﻀﺎ ﻣﻌﻔﻰ ﻣﻦ ﴐﻳﺒﺔ أرﺑﺎح رأس اﳌﺎل ﻣﺎ‬ ‫مل ﻳﺒﺎع ﰲ ﻏﻀﻮن ﺳﻨﺔ‪ ،‬وﰲ ﻫﺬه اﻟﺤﺎﻟﺔ ﻳﺨﻀﻊ ﻟﻠﴬﻳﺒﺔ ﺑﻨﺴﺒﺔ ‪ 20‬ﰲ‬ ‫اﳌﺎﺋﺔ‪.‬‬ ‫ﺗﻜﺎﻟﻴﻒ اﳌﻌﺎﻣﻼت ﻣﺎ ﺑني ‪ 22.5‬ﰲ اﳌﺌﺔ و ‪ 37.5‬ﰲ اﳌﺌﺔ‪ ،‬ﺟﺰء ﻛﺒري ﻣﻦ‬ ‫اﻟﺘﻜﻠﻔﺔ ﻳﺬﻫﺐ ﻧﺤﻮ رﺳﻮم اﻟﺪﻣﻐﺔ اﻟﺘﻲ ﺗﱰاوح ﻣﻦ ‪ 18.5‬ﰲ اﳌﺌﺔ ﻋﲆ‬ ‫اﻟﻌﻘﺎرات ﰲ ﺟﻨﻮب ﴍق ﺷﺒﻪ اﻟﺠﺰﻳﺮة إﱃ ‪ 5‬ﰲ اﳌﺌﺔ ﻟﻠﺸﻘﻖ اﻟﺴﻜﻨﻴﺔ‪.‬‬ ‫وﻳﺠﺐ ﻋﲆ اﳌﺸﱰﻳﻦ أﻳﻀﺎ اﻟﺤﺼﻮل ﻋﲆ رﺧﺼﺔ ﺣﻴﺎزة اﻷراﴈ‪ ،‬واﻟﺘﻲ‬ ‫ﺗﻜﻠﻒ ‪ 10‬ﰲ اﳌﺌﺔ ﻣﻦ ﻗﻴﻤﺔ اﻟﻌﻘﺎر‪.‬‬

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‫فالوران للوساطة العقارية‬ ‫العدد ‪ - 24‬ديسمبر ‪2014‬‬

‫أنتيغوا وبربودا‬ ‫ﰲ أﻛﺘﻮﺑﺮ ‪ ،2013‬ﻗﺪﻣﺖ اﻟﺠﺰر اﻟﺘﻮأم أﻧﺘﻴﻐﻮا وﺑﺮﺑﻮدا ﺑﺮﻧﺎﻣﺞ اﻟﺠﻨﺴﻴﺔ‬ ‫ﻣﻘﺎﺑﻞ اﻻﺳﺘﺜامر ﺣﻴﺚ أن اﻻﺳﺘﺜامر اﻟﻌﻘﺎري ﺑﻘﻴﻤﺔ ‪ 400،000‬دوﻻر‬ ‫ﻣﻦ ﺷﺄﻧﻪ أن ﻳﺠﻌﻞ اﳌﺴﺘﺜﻤﺮﻳﻦ ﻣﺆﻫﻠني ﻟﻠﺤﺼﻮل ﻋﲆ اﻟﺠﻨﺴﻴﺔ واﻟﺘﻲ‬ ‫ﻣﻦ ﺷﺄﻧﻬﺎ أن ﺗﺸﻤﻞ ﺟﻮاز اﻟﺴﻔﺮ ﻣﻊ اﻟﺪﺧﻮل ﺑﺪون ﺗﺄﺷرية إﱃ ‪130‬‬ ‫دوﻟﺔ‪.‬‬ ‫ﰲ ﺣني أن ﺳﻮق اﻟﻌﻘﺎرات ﰲ اﻟﺒﻼد‪ ،‬واﻟﺬي ﻛﺎن ﻣﻨﻬﻜﺎً ﻗﺒﻞ اﻷزﻣﺔ‬ ‫اﻻﻗﺘﺼﺎدﻳﺔ‪ ،‬ﺷﻬﺪ ﺑﻌﺾ اﻟﺘﻬﺪﺋﺔ ﰲ اﻷﺳﻌﺎر ﺧﻼل اﻟﺴﻨﻮات اﻟﻘﻠﻴﻠﺔ‬ ‫اﳌﺎﺿﻴﺔ‪ ،‬ﻓﺈﻧﻪ ﻻ ﻳﺰال ﻣﻜﺎﻧﺎً ﻣﻜﻠﻔﺎً ﻧﺴﺒﻴﺎ ﻟﻼﺳﺘﺜامر‪ .‬ﺣﺴﺐ اﻷرﻗﺎم ﰲ‬ ‫اﻟﻔﱰة ﻣﻦ دﻳﺴﻤﱪ ‪ ،2013‬ﻓﺈن ﻣﺘﻮﺳﻂ ﺗﻜﻠﻔﺔ ﻣﻨﺰل ﻣﻦ ﻏﺮﻓﺘﻲ ﻧﻮم ﰲ‬ ‫أﻧﺘﻴﻐﻮا ﺣﻮاﱄ ‪ 420،063‬دوﻻر‪ ،‬ﰲ ﺣني أن ﺗﻜﻠﻔﺔ ﻣﻨﺰل ﻣﻦ أرﺑﻊ ﻏﺮف‬ ‫ﻧﻮم ﺣﻮاﱄ ‪ 1,621,000‬دوﻻر‪ .‬وﻋﺎﺋﺪات اﻹﻳﺠﺎر ﻣﻨﺨﻔﻀﺔ ﻟﻠﻐﺎﻳﺔ اﻳﻀﺎ‬ ‫ﻋﻨﺪ ﻧﺤﻮ ‪ 4‬ﰲ اﳌﺌﺔ‪.‬‬

‫وﻳﺨﺼﻢ اﻻﺳﺘﻬﻼك ﻣﻦ اﻟﺪﺧﻞ اﻟﺨﺎﺿﻊ ﻟﻠﴬﻳﺒﺔ‪ ،‬وﻳﻜﻮن اﻟﺤﺪ اﻷﻗﴡ‬ ‫ﻟﻼﺳﺘﻬﻼك اﳌﺴﻤﻮح ﺑﻪ ﻟﻠﻤﺒﺎين ﻫﻮ ‪ 2‬ﰲ اﳌﺌﺔ‪ .‬وﻻ ﺗﺨﻀﻊ أرﺑﺎح رأس‬ ‫اﳌﺎل ﻟﻠﴬﻳﺒﺔ ﰲ أﻧﺘﻴﻐﻮا‪ .‬وﻣﻊ ذﻟﻚ‪ ،‬إذا ﻛﺎن داﻓﻊ اﻟﴬاﺋﺐ ﻳﻜﺴﺐ‬ ‫أرﺑﺎﺣﺎً ﻋﲆ رأس اﳌﺎل ﺑﺎﻧﺘﻈﺎم‪ ،‬ﺳﻴﺘﻢ اﻟﺘﻌﺎﻣﻞ ﻣﻌﻬﺎ ﻣﺜﻞ اﻟﺪﺧﻞ ﻣﻦ‬ ‫اﻷﻋامل اﻟﺘﺠﺎرﻳﺔ وإﺧﻀﺎﻋﻬﺎ ﻟﻠﴬﻳﺒﺔ ﰲ ﻣﻌﺪﻻت ﴐﻳﺒﺔ اﻟﺪﺧﻞ‬ ‫اﻟﻘﻴﺎﺳﻴﺔ‪.‬‬ ‫ﺗﻜﺎﻟﻴﻒ اﻟﴩاء ﻋﺎﻟﻴﺔ ﰲ اﻧﺘﻴﻐﻮا وﺑﺮﺑﻮدا ﺣﻴﺚ ﺗﱰاوح ﺗﻜﺎﻟﻴﻒ‬ ‫اﳌﻌﺎﻣﻼت ﺑني ‪ 21‬ﰲ اﳌﺌﺔ و ‪ 24‬ﰲ اﳌﺌﺔ‪ .‬ومتﺜﻞ ﴐﻳﺒﺔ اﻟﺪﻣﻐﺔ ﺟﺰءا ً‬ ‫ﻛﺒريا ً ﻣﻦ ﺗﻜﺎﻟﻴﻒ اﻟﴩاء ﻳﺼﻞ إﱃ ‪ 10‬ﰲ اﳌﺎﺋﺔ‪ ،‬ﻳﺘﻢ دﻓﻊ ‪ 7.5‬ﰲ اﳌﺌﺔ‬ ‫ﻣﻨﻬﺎ ﻣﻦ ﻗﺒﻞ اﳌﺸﱰي و ‪ 2.5‬ﰲ اﳌﺌﺔ ﻣﻦ ﻗﺒﻞ اﻟﺒﺎﺋﻊ‪.‬‬

‫‪Antigua - Houses to Buy‬‬

‫وﻳﻔﺮض ﻋﲆ ﻏري اﳌﻘﻴﻤني ﴐﻳﺒﺔ اﻻﺳﺘﻘﻄﺎع ﺑﻨﺴﺒﺔ ‪ 20‬ﰲ اﳌﺎﺋﺔ ﻋﲆ‬ ‫دﺧﻠﻬﻢ‪ .‬وﺗﺨﻀﻊ إﻳﺮادات اﻹﻳﺠﺎر إﱃ ﻫﺬا اﳌﻌﺪل ﻣﻦ اﻟﴬاﺋﺐ‪.‬‬

‫‪USD 420,063‬‬

‫‪2 BR‬‬

‫‪USD 1,621,000‬‬

‫‪4 BR‬‬ ‫‪Source: Global Propery Guide, Dec 2013‬‬

‫‪How the Caribbean’s prime markets‬‬ ‫‪have performed Annual % change in prime prices, to Q4 2013‬‬

‫‪8%‬‬ ‫‪6%‬‬ ‫‪4%‬‬ ‫‪2%‬‬ ‫‪0%‬‬ ‫‪-2%‬‬ ‫‪-4%‬‬ ‫‪-6%‬‬ ‫‪-8%‬‬ ‫‪BVI‬‬

‫‪Cayman‬‬ ‫‪Islands‬‬

‫‪Jumby Bay Barbados‬‬

‫‪St Barts‬‬

‫‪Musique‬‬

‫‪Bahamas‬‬

‫‪Source: Knight Frank Residential Research‬‬

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‫اﻟﺒﺤﺮ اﻟﻜﺎرﻳﺒﻲ أﻛرث ﺟﺎذﺑﻴﺔ ﻟﻠﻤﺸﱰﻳﻦ ﻣﻦ ﻣﻨﻄﻘﺔ اﻟﻴﻮرو‪ ،‬ﻛام أن‬ ‫وﺟﻮد ﻣﺨﺰون ﻛﺒري ﻳﻌﻨﻲ أن اﻟﺒﺎﺋﻌني ﺳﻮف ﻳﺄﺧﺬون ﰲ اﻻﻋﺘﺒﺎر‬ ‫ﺣﺴﺎﺳﻴﺔ اﳌﺸﱰﻳﻦ ﻟﻸﺳﻌﺎر ﻋﻨﺪ ﺗﺴﻌري ﻋﻘﺎراﺗﻬﻢ‪.‬‬ ‫وﺗﻌﺪ ﻧﻘﻄﺔ ﻣﺜرية ﻟﻼﻫﺘامم أن ﻧﻼﺣﻆ أﻧﻪ ﺣﺴﺐ ﺑﻴﺎﻧﺎت ﻧﺎﻳﺖ ﻓﺮاﻧﻚ‬ ‫أن اﻟﻌﻘﺎرات اﻟﺘﻲ ﻳﻘﻞ ﺳﻌﺮﻫﺎ ﻋﻦ ﻣﻠﻴﻮن دوﻻر ﰲ ﻣﻨﻄﻘﺔ اﻟﺒﺤﺮ‬ ‫اﻟﻜﺎرﻳﺒﻲ ﺟﺬﺑﺖ أﻗﻞ ﻋﺪد ﻣﻦ ﻋﻤﻠﻴﺎت اﻟﺒﺤﺚ ﻋﲆ ﺷﺒﻜﺔ اﻹﻧﱰﻧﺖ‬ ‫)‪ 13‬ﰲ اﳌﺌﺔ ﻓﻘﻂ(‪ ،‬ﰲ ﺣني أن اﻟﴩﻳﺤﺔ ﻣﻦ ﻣﻠﻴﻮن إﱃ ‪ 5‬ﻣﻠﻴﻮن دوﻻر‬ ‫ﺟﺬﺑﺖ اﻟﺤﺪ اﻷﻗﴡ ﻟﻌﺪد ﻋﻤﻠﻴﺎت اﻟﺒﺤﺚ )‪ 35‬ﰲ اﳌﺎﺋﺔ(‪ .‬واﻟﴩﻳﺤﺔ‬ ‫اﻷﻋﲆ ﺳﻌﺮا ً – اﻟﻌﻘﺎرات اﻟﺘﻲ ﻳﺰﻳﺪ ﺳﻌﺮﻫﺎ ﻋﻦ ‪ 15‬ﻣﻠﻴﻮن دوﻻر‪ ،‬وﺗﻠﻚ‬ ‫اﻟﺘﻲ ﻳﱰاوح ﺳﻌﺮﻫﺎ ﺑني ‪ 5‬ﻣﻼﻳني دوﻻر و ‪ 15‬ﻣﻠﻴﻮن دوﻻرا ‪ -‬ﺷﻜﻠﺖ‬ ‫ﻣﻌﺎ ‪ 51‬ﰲ اﳌﺌﺔ ﻣﻦ ﻋﻤﻠﻴﺎت اﻟﺒﺤﺚ‪.‬‬ ‫ﻣﻊ اﺳﺘﻤﺮار اﳌﻘﺮﺿني ﰲ اﻟﻨﻈﺮ إﱃ ﺟﺰر اﻟﻜﺎرﻳﺒﻲ ﺑﻨﻈﺮة ﻣﻦ ﻋﺪم‬ ‫اﻟﻴﻘني ﺑﻌﺪ دﺧﻮل اﻟﻌﺪﻳﺪ ﻣﻦ اﳌﺸﺎرﻳﻊ اﻟﺒﺎرزة إﱃ ﻃﺮﻳﻖ ﻣﺴﺪود ﰲ‬ ‫أﻋﻘﺎب اﻷزﻣﺔ اﻟﻌﺎﳌﻴﺔ ﺑﺴﺒﺐ ﻧﻘﺺ اﻟﺘﻤﻮﻳﻞ‪ ،‬ﻻ ﻳﺰال اﻹﻗﺮاض ﺻﺎرﻣﺎً‬ ‫ﻋﱪ ﻣﻨﻄﻘﺔ اﻟﺒﺤﺮ اﻟﻜﺎرﻳﺒﻲ‪ .‬وﻧﺘﻴﺠﺔ ﻟﺬﻟﻚ‪ ،‬ﻓﺈن اﻟﻌﺪﻳﺪ ﻣﻦ اﻟﺠﺰر‬ ‫ﻟﺠﺄت إﱃ أﺳﺎﻟﻴﺐ ﻏري ﺗﻘﻠﻴﺪﻳﺔ ﻣﺜﻞ ﺗﻘﺪﻳﻢ اﻟﺠﻨﺴﻴﺔ ﻣﻦ ﺧﻼل ﺑﺮاﻣﺞ‬ ‫اﻻﺳﺘﺜامر ﻟﺘﻤﻮﻳﻞ ﻣﺸﺎرﻳﻌﻬﻢ واﻟﺤﻔﺎظ ﻋﲆ ﺳﻮق اﻟﻌﻘﺎرات اﳌﺰدﻫﺮ‪.‬‬ ‫ﻣﻦ ﺑني اﻟﺠﺰر اﻟﺘﻲ ﺗﻘﺪم اﻟﺠﻨﺴﻴﺔ ﻟﻠﻤﺴﺘﺜﻤﺮﻳﻦ اﳌﺆﻫﻠني اﻟﺬﻳﻦ ﻫﻢ‬ ‫ﻋﲆ اﺳﺘﻌﺪاد ﻟﻠﻘﻴﺎم ﺑﺎﺳﺘﺜامرات ﻗﻴﻤﺘﻬﺎ ﺑﻀﻊ ﻣﺌﺎت ﻣﻦ آﻻف‬ ‫اﻟﺪوﻻرات ﰲ اﻟﻘﻄﺎع اﻟﺴﻜﻨﻲ أو اﻟﱰﻓﻴﻪ ﻫﻲ أﻧﺘﻴﻐﻮا وﺑﺮﺑﻮدا‪،‬‬

‫دوﻣﻴﻨﻴﻜﺎ‪ ،‬وﻏﺮﻳﻨﺎدا وﺳﺎﻧﺖ ﻛﻴﺘﺲ وﻧﻴﻔﻴﺲ‪ .‬وﻗﺪ أﺛﺒﺖ ﻫﺬا اﻟﺨﻴﺎر‬ ‫أﻧﻪ ﺧﻴﺎرا ً ﺷﻌﺒﻴﺎ ﻟﻠﻤﺴﺘﺜﻤﺮﻳﻦ ﻣﻦ اﻟﺼني وروﺳﻴﺎ واﻟﴩق اﻷوﺳﻂ‪،‬‬ ‫واﻟﺬﻳﻦ ﻳﺠﺪون ﰲ ذﻟﻚ اﻟﻔﺮﺻﺔ ﻟﺘﻨﻮﻳﻊ ﻣﺤﻔﻈﺔ ﺟﻮازات ﺳﻔﺮﻫﻢ‪.‬‬

‫ ‪ 8IJDI 1SJDF CSBDLFUT IBT BUUSBDUFE‬‬ ‫ ‪UIF NPTU QSPQFSUZ TFBSDIFT TJODF‬‬ ‫ ‬

‫‪25%‬‬

‫‪35%‬‬

‫ ‪t .‬‬

‫‪t . UP .‬‬

‫‪13%‬‬

‫‪27%‬‬

‫‪t . UP .‬‬

‫‪t 4VC .‬‬

‫‪Source: Knight Frank‬‬

‫‪17‬‬

‫فالوران للوساطة العقارية‬ ‫العدد ‪ - 24‬ديسمبر ‪2014‬‬

‫األسواق العاملية‬ ‫جزر الكاريبي‬

‫ﺟﺰر اﻟﻜﺎرﻳﺒﻲ مل ﺗﻜﻦ مبﻨﺄى ﻋﻦ اﻷزﻣﺔ اﳌﺎﻟﻴﺔ اﻟﻌﺎﳌﻴﺔ ﻋﺎم ‪.2008‬‬ ‫وﻋﲆ ﻣﺪى اﻟﺴﻨﻮات اﻟﺴﺖ اﳌﺎﺿﻴﺔ‪ ،‬ﻇﻠﺖ أﺳﻌﺎر اﻟﻌﻘﺎرات اﻟﺴﻜﻨﻴﺔ‬ ‫ﻣﺴﺘﻘﺮة ﰲ ﺑﻌﺾ اﻟﺠﺰر اﻟﺨﺎﺻﺔ اﻷﻛرث ﺣﴫﻳﺔ‪ ،‬ﰲ ﺣني أن ﺑﻌﺾ‬ ‫اﻷﺳﻮاق اﻟﺸﻌﺒﻴﺔ اﻟﻜﺒرية ﻣﺜﻞ ﺟﺰر اﻟﺒﻬﺎﻣﺎ وﺑﺮﺑﺎدوس‪ ،‬واﻟﺘﻲ ﻛﺎﻧﺖ ﻗﺪ‬ ‫ﺷﻬﺪت ﺗﻮﺳﻌﺎً ﻫﺎﺋﻼً ﰲ اﻟﻘﻄﺎﻋﺎت اﻟﺴﻜﻨﻴﺔ واﻟﱰﻓﻴﻬﻴﺔ‪ ،‬ﺗﺄﺛﺮت ﺑﺸﺪة‬ ‫ﻣﻦ ﺟﺮاء اﻻﻧﻜامش اﻻﻗﺘﺼﺎدي‪ .‬وﻣﻊ ذﻟﻚ‪ ،‬وﻓﻘﺎ ﻟﺘﻘﺮﻳﺮ ﻧﺎﻳﺖ ﻓﺮاﻧﻚ‪،‬‬ ‫ﻣﻨﺬ ‪ 2013‬ﺑﻌﺾ ﻫﺬه اﻷﺳﻮاق‪ ،‬وﺧﺎﺻﺔ ﺟﺰر ﻓريﺟﻦ اﻟﱪﻳﻄﺎﻧﻴﺔ‬ ‫وﺑﺮﺑﺎدوس ﺳﺠﻠﺖ زﻳﺎدة ﰲ ﺣﺠﻢ اﳌﺒﻴﻌﺎت ﺣﻴﺚ اﺳﺘﻔﺎد اﳌﺴﺘﺜﻤﺮون‬ ‫ﻣﻦ اﻟﺘﻌﺪﻳﻼت اﻟﺘﻲ ﻗﺎم ﺑﻬﺎ اﻟﺒﺎﻋﺔ ﰲ ﺧﻔﺾ ﺳﻌﺮ اﻟﻄﻠﺐ إﱃ أﺳﻌﺎر‬ ‫أﻗﻞ‪ .‬ﰲ ﺣني أن ﺿﻌﻒ اﻟﺪوﻻر اﻷﻣﺮﻳيك ﺟﻌﻞ اﻟﻌﻘﺎرات ﰲ ﻣﻨﻄﻘﺔ‬

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‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫سينما بريما تقدم عرض ًا خاص ًا لألفالم التي‬ ‫تعرض ألول مرة‬ ‫اﻟﺨﱪ اﻟﺴﺎر ﻟﻠﻤﺸﺎﻫري واﻟﺸﺨﺼﻴﺎت اﻟﻌﺎﻣﺔ اﻟﺬﻳﻦ‪ ،‬ﺣﺘﻰ اﻵن‪ ،‬ﻳﻌﺘﱪون‬ ‫ﻣﺸﺎﻫﺪة اﻷﻓﻼم اﻟﺠﺪﻳﺪة ﺗﺠﺮﺑﺔ ﻧﺎﻓﺮة أو اﻧﺘﻈﺎر ﻃﻮﻳﻞ ﻣﻦ أﺟﻞ‬ ‫إﺻﺪاره ﻋﲆ اﻹﻧﱰﻧﺖ أو ﰲ ﺻﻮرة ﻗﺮص ﻣﺪﻣﺞ! ﺳﻴﻨام ﺑﺮميﺎ‪ ،‬ﻫﻲ ﴍﻛﺔ‬ ‫ﻣﻘﺮﻫﺎ ﰲ ﻛﺎرﻟﺴﺒﺎد ﻛﺎﻟﻴﻔﻮرﻧﻴﺎ‪ ،‬أدﺧﻠﺖ ﺧﺪﻣﺔ ﺟﺪﻳﺪة ﳌﺸﺎﻫﺪة اﻷﻓﻼم‬ ‫ﰲ اﳌﻨﺰل واﻟﺘﻲ ﺗﺘﻄﻠﺐ ﻣﻌﺪات ﺑﻘﻴﻤﺔ ‪ 35,000‬دوﻻر‪ ،‬واﻟﺘﻲ ﺗﻌﻤﻞ‬ ‫ﻋﲆ ﺗﺤﻤﻴﻞ وﺗﺨﺰﻳﻦ اﻷﻓﻼم اﻟﺘﻲ ﺗﻌﺮض ﻟﻠﻤﺮة اﻷوﱃ‪ .‬وميﻜﻦ ﺗﺸﻐﻴﻞ‬ ‫اﻷﻓﻼم اﳌﺨﺰﻧﺔ ﻣﻦ ﺧﻼل أي ﻧﻈﺎم ﻣﻦ اﻧﻈﻤﺔ اﳌﴪح اﳌﻨﺰﱄ ﺑﺘﻜﻠﻔﺔ‬ ‫ﻗﺪرﻫﺎ ‪ 500‬دوﻻر ﻟﻠﻤﺸﺎﻫﺪة‪.‬‬ ‫وﻳﻌﺪ ﻫﺬا ﺑﺪﻳﻼً ﻟﺨﺪﻣﺔ ﻣﺸﺎﻫﺪة اﻷﻓﻼم ﰲ اﳌﻨﺰل واﻟﺘﻲ ميﻜﻦ ﻟﺒﻌﺾ‬ ‫اﳌﻄﻠﻌني ﰲ ﺻﻨﺎﻋﺔ اﻷﻓﻼم اﻟﻮﺻﻮل إﻟﻴﻬﺎ‪ ،‬اﻷﻣﺮ واﻟﺘﻲ ﺗﺘﻄﻠﺐ اﻻﺳﺘﺜامر‬ ‫ﰲ أﺟﻬﺰة اﳌﴪح اﳌﻨﺰﱄ ﺑﻘﻴﻤﺔ ‪ 100،000‬دوﻻر‪ ،‬ورﺳﻮم ﺷﻬﺮﻳﺔ ‪4000‬‬ ‫دوﻻر واﺷﱰاط أن ﻳﺘﻢ ﺗﺨﺰﻳﻦ ﻛﻞ ﻓﻴﻠﻢ‪ ،‬ﺗﺨﺰﻳﻨﻪ ﻋﲆ ﻗﺮص ﺻﻠﺐ‬ ‫ﻣﺸﻔﺮ ﻟﻠﺤامﻳﺔ ﻣﻦ اﻟﺘﻌﺪي ﻋﲆ ﺣﻖ اﳌﺆﻟﻒ‪ ،‬وﻳﺘﻢ ﺗﺴﻠﻴﻤﻪ ﻣﻦ ﻗﺒﻞ‬ ‫ﻣﻤﺜﻞ ﻋﻦ اﺳﺘﺪﻳﻮ اﻷﻓﻼم‪.‬‬ ‫ﺗﻢ ﺗﺼﻤﻴﻢ ﻣﺸﻐﻞ ﺑﺮميﺎ ﺑﺤﻴﺚ ميﻜﻦ وﺿﻌﻪ ﻋﲆ رﻓﻮف اﻷﺟﻬﺰة‬ ‫اﻟﻌﺎدﻳﺔ‪ .‬وﻻ ميﻜﻦ ﺗﻔﻌﻴﻠﻪ إﻻ ﻣﻦ ﺧﻼل اﳌﺴﺢ اﻟﻀﻮيئ ﻟﺒﺼامت اﻷﺻﺎﺑﻊ‬ ‫ﻟﺼﺎﺣﺐ اﻟﺤﺴﺎب ﻟﴩاء وﻣﺸﺎﻫﺪة ﻛﻞ ﻓﻴﻠﻢ‪ .‬ﻳﺘﻢ ﺗﺤﻤﻴﻞ اﻷﻓﻼم‬ ‫ﺗﻠﻘﺎﺋﻴﺎ ﻣﻦ ﻗﺒﻞ اﻟﻨﻈﺎم ﺑﺤﻴﺚ ﺗﻜﻮن ﻣﺘﺎﺣﺔ ﻟﻠﻤﺸﺎﻫﺪة ﺑﺤﻠﻮل ﻣﻨﺘﺼﻒ‬ ‫اﻟﻠﻴﻞ ﻣﻦ ﻳﻮم إﻃﻼﻗﻬﺎ‪.‬‬

‫ﺧﺪﻣﺔ ﺳﻴﻨام ﺑﺮميﺎ ﺗﻘﺪم اﻷﻓﻼم اﻟﺘﻲ ﺗﻌﺮض ﻷول ﻣﺮة ﻣﻦ ﻋﺪة‬ ‫اﺳﺘﻮدﻳﻮﻫﺎت‪ ،‬مبﺎ ﰲ ذﻟﻚ ﻳﻮﻧﻴﻔﺮﺳﺎل‪ ،‬ﻓﻮﻛﻮس وﻣﺎﻏﻨﻮﻟﻴﺎ‪ .‬وﺗﻘﻮم‬ ‫اﻟﴩﻛﺔ أﻳﻀﺎ ﺑﺎﻟﺘﻔﺎوض ﺣﺎﻟﻴﺎً ﺣﻮل ﴍوط اﻻﺗﻔﺎق ﻣﻊ اﻻﺳﺘﻮدﻳﻮﻫﺎت‬ ‫اﻟﻜﱪى اﻷﺧﺮى‪ .‬وﻳﺘﻢ ﺗﺜﺒﻴﺖ أﻧﻈﻤﺔ ﺑﺮميﺎ ﺑﺎﻟﻔﻌﻞ ﰲ اﻟﻌﺪﻳﺪ ﻣﻦ‬ ‫اﳌﺴﺎرح اﳌﻨﺰﻟﻴﺔ ﺧﺎﺻﺔ ﰲ اﻟﻮﻻﻳﺎت اﳌﺘﺤﺪة‪ .‬اﳌﴪح اﻟﺨﺎص اﻷﻛرث‬ ‫ﺷﻬﺮة‪ ،‬واﻟﺬي ﻳﻘﻊ ﰲ ﺑﺮﻧﺘﻮود‪ ،‬ﻟﻮس اﻧﺠﻠﻮس‪ ،‬ﺗﻢ ﺗﺜﺒﻴﺘﻪ ﺑﻮاﺳﻄﺔ‬ ‫اﻧﺘﻴﻐﺮاﺗﻮر ﻓﻴﺎ‪ .‬اﻷﻓﻼم‪ ،‬واﻟﺘﻲ ﺗﺘﻮﻓﺮ ﰲ إﺻﺪارات ﺛﻨﺎﺋﻴﺔ وﺛﻼﺛﻴﺔ اﻷﺑﻌﺎد‪،‬‬ ‫ﺗﻮﻓﺮ ﻟﻠﻌﻤﻼء ﺟﻮدة ﻣامﺛﻠﺔ ﺗﻘﺮﻳﺒﺎً ﻟﻠﺴﻴﻨامت اﻟﺘﺠﺎرﻳﺔ ﺣﻴﺚ أن‬ ‫اﺳﺘﺨﺪام ﺗﺮﻣﻴﺰ اﻟﻔﻴﺪﻳﻮ اﻷﺻﲇ ﻟﻠﴩﻛﺔ ﻳﺠﻠﺐ ﺻﻮرة ﺣﺎدة اﻟﺘﻔﺎﺻﻴﻞ‬ ‫ﺿﻌﻒ أﻓﻼم اﻟﺒﻠﻮراي‪.‬‬ ‫ﺻﺎﺣﺐ اﻟﻨﻈﺎم ﻟﻪ ﻣﻴﺰة إﺿﺎﻓﻴﺔ واﺣﺪة متﻴﺰه ﻋﻦ ﻣﺸﺎﻫﺪة اﻟﻔﻴﻠﻢ ﰲ‬ ‫ﺳﻴﻨام ﺗﺠﺎرﻳﺔ ‪ -‬اﻟﻘﺪرة ﻋﲆ إﻳﻘﺎف ﻓﻴﻠﻢ ﻳﻌﺮض ﻷول ﻣﺮة ﺑﺎﺳﺘﺨﺪام‬ ‫ﺟﻬﺎز اﻟﺘﺤﻜﻢ ﻋﻦ ﺑﻌﺪ واﻟﺬي ﻳﺒﻠﻎ ﺣﺠﻤﻪ ﻣﺜﻞ ﺣﺠﻢ ﺟﻬﺎز اﻵﻳﺒﺎد‪.‬‬

‫دي بيرز تطلق مجموعة خواتم سيراميكية‬ ‫ﰲ ﻣﺤﺎوﻟﺔ ﻟﺘﻮﺳﻴﻊ ﻋﺮوﺿﻬﺎ ﻟﺘﺸﻤﻞ ﻣﺰﻳﺪ ﻣﻦ اﻟﺘﺼﺎﻣﻴﻢ اﻟﺤﺪﻳﺜﺔ‬ ‫ووﺿﻊ ﻋﻼﻣﺎت ﺗﺤﻮل ﻧﺤﻮ اﺳﺘﺨﺪام اﳌﻮاد ﻏري اﻟﺘﻘﻠﻴﺪﻳﺔ‪ ،‬أدﺧﻞ ﺑﻴﺖ‬ ‫اﳌﺠﻮﻫﺮات دي ﺑريز ﺧﺎمتني ﻣﻦ اﻟﺴرياﻣﻴﻚ ﺑﺎﻟﻠﻮﻧني اﻷﺑﻴﺾ واﻷﺳﻮد‪.‬‬ ‫وأﻃﻠﻖ ﻋﻠﻴﻬام إﺳﻤﻲ داي ﻻﻳﺖ ﻟﻮﺗﺲ وﻣﻮن ﻻﻳﺖ ﻟﻮﺗﺲ‪ ،‬ﺣﺴﺐ‬ ‫أﻟﻮاﻧﻬﺎ‪ ،‬وﻳﺤﺘﻮي اﻟﺨﺎمتﺎن اﻷﺑﻴﺾ واﻷﺳﻮد ﻋﲆ اﳌﺎس اﻷﺑﻴﺾ‪ .‬واﺳﺘﻠﻬﺎﻣﺎ‬ ‫ﻣﻦ ﻣﺠﻤﻮﻋﺔ ﻟﻮﺗﺲ اﻟﺴﺤﺮﻳﺔ ﻣﻦ دي ﺑريز‪ ،‬ﻳﺴﺘﺨﺪم اﻟﺨﺎمتﺎن زﺧﺎرف‬ ‫زﻫﺮة اﻟﻠﻮﺗﺲ ﺗﺼﻤﻴﻤﻬام‪.‬‬ ‫وﻳﺘﻢ ﺗﺴﻌري اﻟﺨﺎمتني ﺑﻘﻴﻤﺔ ‪ 4,000‬دوﻻر ﻟﻜﻞ ﻣﻨﻬام وﻫﻲ أﻗﻞ رﺳﻤﻴﺔ‬ ‫ﻣﻦ ﺧﻮاﺗﻢ اﻟﺨﻄﺒﺔ واﻟﺰﻓﺎف اﻟﺘﻲ ﺗﺸﺘﻬﺮ ﺑﻬﺎ اﻟﴩﻛﺔ‪ .‬وﻫﺬه ﻫﻲ اﳌﺮة‬ ‫اﻷوﱃ ﰲ ﺗﺎرﻳﺦ اﻟﴩﻛﺔ اﻟﺬي ميﺘﺪ ﻋﲆ ﻣﺪى ‪ 13‬ﻋﺎﻣﺎً اﻟﺘﻲ ﺗﺴﺘﺨﺪم‬ ‫ﻓﻴﻬﺎ اﻟﺴرياﻣﻴﻚ ﻛامدة ﻟﺼﻨﻊ اﻟﺨﻮاﺗﻢ‪.‬‬

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‫فالوران للوساطة العقارية‬ ‫العدد ‪ - 24‬ديسمبر ‪2014‬‬

‫منط احلياة‬

‫أول ساعة من الذهب عيار ‪ 24‬قيراط في العالم‬ ‫من بولوفا‬ ‫إذا ﻛﻨﺖ ﺗﻮاﻓﻖ ﻋﲆ أن ﻛﻞ ﳾء ﻳﺒﺪو أﻓﻀﻞ ﻋﻨﺪﻣﺎ ﻳﺼﻨﻊ ﻣﻦ اﻟﺬﻫﺐ‪،‬‬ ‫ﻓﺈن أﺣﺪث إﺻﺪارات اﻟﻌﻼﻣﺔ اﻟﺘﺠﺎرﻳﺔ ﺑﻮﻟﻮﻓﺎ ﻟﻠﺴﺎﻋﺎت اﻟﺴﻮﻳﴪﻳﺔ‬ ‫ﺳﻮف ﺗﺠﻌﻠﻚ ﺗﺤﺒﺲ أﻧﻔﺎﺳﻚ‪ .‬اﻟﺴﺎﻋﺔ ذات اﻟﺘﺼﻤﻴﻢ اﻟﺠﻤﻴﻞ ﻣﻦ‬ ‫اﻟﺬﻫﺐ ﻋﻴﺎر ‪ 24‬ﻗرياط ﻫﻲ ﺟﺰء ﻣﻦ ﻣﺠﻤﻮﻋﺔ ﺟﻮزﻳﻒ ﺑﻮﻟﻮﻓﺎ‪ .‬ووﺿﻊ‬ ‫ﺗﺼﻮر ﻫﺬه اﻟﺘﺤﻔﺔ ﻏﺮﻳﻐﻮري ﺛﻮم‪ ،‬رﺋﻴﺲ ﴍﻛﺔ ﺑﻮﻟﻮﻓﺎ‪.‬‬ ‫اﻟﺴﺎﻋﺔ ﻣﺼﻨﻮﻋﺔ ﻣﻦ اﻟﺬﻫﺐ اﻟﺨﺎﻟﺺ ﺑﻨﺴﺒﺔ ‪ 999.9‬وﻫﻲ ﻣﺰﻳﺞ راﺋﻊ‬ ‫ﻣﻦ اﻟﻔﺨﺎﻣﺔ واﻟﺠامل واﻟﻮﻇﻴﻔﻴﺔ‪ .‬وﺗﺴﺘﺨﺪم أﺳﻠﻮﺑﺎً ﻣﺘﺨﺼﺼﺎً ﻟﻠﺘﺼﻨﻴﻊ‬ ‫)ﰲ اﻧﺘﻈﺎر ﺑﺮاءة اﻻﺧﱰاع( ﻟﻀامن اﻟﺤﻔﺎظ ﻋﲆ ﺟﻮدة اﻟﺬﻫﺐ ﻣﻊ‬ ‫اﻻﻟﺘﺰام مبﻌﺎﻳري اﻟﻮﻇﻴﻔﺔ اﳌﻘﱰﻧﺔ ﺑﺼﻨﺎﻋﺔ اﻟﺴﺎﻋﺎت اﻟﺴﻮﻳﴪﻳﺔ‪.‬‬ ‫اﻟﺴﺎﻋﺔ ﻋﲆ ﺷﻜﻞ ﻛﺒﺴﻮﻟﺔ‪ ،‬ﺗﺮﺗﻜﺰ ﻋﲆ اﻟﺘﻴﺘﺎﻧﻴﻮم ﻣﻦ اﻟﺪرﺟﺔ اﻟﺨﺎﻣﺴﺔ‪،‬‬ ‫ﻣام ﻳﺨﻠﻖ ﺣﺎﺟﺰا ً ﻣﻀﺎدا ً ﻟﻠامء واﻟﺬي ﻳﻮﻓﺮ ﻣﻘﺎوﻣﺔ ﻟﻠامء ﺣﺘﻰ ﻋﻤﻖ‬ ‫ﻳﺼﻞ إﱃ ‪ 30‬ﻣﱰا‪ .‬وﻫﻲ ﻣﻐﻄﺎة ﺑﻄﺒﻘﺔ ﺗﺤﻤﻲ اﻟﻐﻼف اﻟﺬﻫﺒﻲ‬ ‫وﺗﺴﺘﺨﺪم ﻛﻤﺼﺪات ﻻﻣﺘﺼﺎص اﻟﺼﺪﻣﺔ وﺗﺜﺒﺖ أﻳﻀﺎً اﻟﻜﺮﻳﺴﺘﺎل‬ ‫اﳌﻀﺎدة ﻟﻼﻧﻌﻜﺎس ﰲ ﻣﻜﺎﻧﻬﺎ‪ .‬ﺣﺰام ﺳﺎﻋﺔ ﻣﻦ اﻟﻔﻮﻻذ اﳌﻘﺎوم ﻟﻠﺼﺪأ‬ ‫ﻣﻊ ﻃﺒﻘﺎت ﻣﻦ ﺟﻠﺪ اﻟﺘﻤﺴﺎح ﻟﺘﻮﻓري اﻟﻔﺨﺎﻣﺔ إﱃ ﺟﺎﻧﺐ اﻟﻘﻮة‬ ‫واﻟﺴﻼﻣﺔ‪.‬‬ ‫ﻣﻤﻴﺰاﺗﻬﺎ اﻟﺮاﻗﻴﺔ ﺳﻮف ﺗﺠﻌﻠﻬﺎ أﻏﲆ ﺳﺎﻋﺔ ﰲ اﻟﻌﺎمل ﺑﺴﻌﺮ ﻳﺼﻞ إﱃ‬ ‫‪ 42,000‬دوﻻر‪ ،‬وﻗﺪ ﺗﻢ ﺗﺼﻨﻴﻊ ‪ 32‬ﻗﻄﻌﺔ ﻓﻘﻂ ﻣﻦ ﻫﺬه اﻟﺴﺎﻋﺔ ﺿﻤﻦ‬ ‫اﻟﻨﺴﺨﺔ اﳌﺤﺪودة ﻣام ﻳﺠﻌﻠﻬﺎ ﺳﺎﻋﺔ ﺣﴫﻳﺔ ﺗﺄيت ﰲ ﻋﻠﺒﺔ ﻣﺼﻨﻌﺔ‬ ‫ﻳﺪوﻳﺎً وﻣﻐﻄﺎة ﺑﺄوراق ﻣﻦ اﻟﺬﻫﺐ ﻋﻴﺎر ‪ 24‬ﻗرياط‪.‬‬ ‫‪www.valoran.ae‬‬

‫وﻗﺪ ﺗﻢ ﺑﺎﻟﻔﻌﻞ ﺣﺼﻮل ﻫﺬه اﻟﺴﺎﻋﺔ اﻟﻔﺮﻳﺪة ﻣﻦ ﺑﻮﻟﻮﻓﺎ ﻋﲆ ﻟﻘﺐ‬ ‫"اﻟﺴﺎﻋﺔ اﳌﺒﺘﻜﺮة ﻟﻠﻌﺎم" ﻣﻦ ﻗﺒﻞ واﺗﺶ ﺑﺮو‪ ،‬ﻣﺆﺳﺴﺔ اﻟﻨﴩ اﻟﺮاﺋﺪة ﰲ‬ ‫اﳌﻤﻠﻜﺔ اﳌﺘﺤﺪة ﰲ ﻣﺠﺎل ﺻﻨﺎﻋﺔ اﻟﺴﺎﻋﺎت‪.‬‬

‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫الواليات المتحدة‪ :‬نقص في العقارات‬ ‫منخفضة األسعار في سوق العقارات السكنية‬ ‫ﰲ اﻟﻮﻻﻳﺎت اﳌﺘﺤﺪة‪ ،‬ﻋﲆ اﻟﺮﻏﻢ ﻣﻦ زﻳﺎدة ﻋﺪد اﳌﻨﺎزل ﻣﺮﺗﻔﻌﺔ اﻷﺳﻌﺎر‬ ‫اﻟﺘﻲ ﻳﺘﻢ ﻃﺮﺣﻬﺎ ﻟﻠﺒﻴﻊ‪ ،‬ﻻ ﻳﺰال ﻫﻨﺎك اﻧﺨﻔﺎض ﰲ ﺳﻮق اﳌﻨﺎزل‬ ‫ﻣﻨﺨﻔﻀﺔ اﻷﺳﻌﺎر‪ .‬ﰲ ﺣني أن اﳌﺸﱰﻳﻦ اﻟﺬﻳﻦ ﻳﺒﺤﺜﻮن ﻋﻦ ﻣﻨﺎزل‬ ‫ﻳﺠﺪون ﻋﺪد أﻛﱪ ﻣﻦ اﻟﻌﻘﺎرات اﳌﺘﻮﻓﺮة ﻟﻠﺒﻴﻊ‪ ،‬إﻻ أن اﻟﻌﺮض ﰲ ﻗﻄﺎع‬ ‫اﻟﻌﻘﺎرات ﻣﻨﺨﻔﻀﺔ اﻷﺳﻌﺎر ﻣﺎ زال ﻳﻨﻤﻮ ﺑﻮﺗرية أﺑﻄﺄ ﺑﻜﺜري ﻣﻦ اﳌﻨﺎزل‬ ‫ﻣﺮﺗﻔﻌﺔ اﻷﺳﻌﺎر‪ ،‬وﻓﻘﺎ ﳌﺆﴍ ﻗﻴﻤﺔ اﳌﻨﺰل ﻣﻦ زﻳﻠﻮ‪.‬‬ ‫ﰲ ﺟﻤﻴﻊ أﻧﺤﺎء اﻟﺒﻼد‪ ،‬ﻛﺎﻧﺖ اﻟﺰﻳﺎدات اﻟﺸﻬﺮﻳﺔ واﻟﺴﻨﻮﻳﺔ ﰲ ﻗﻴﻤﺔ‬ ‫اﳌﻨﺎزل أﻗﻞ ﻣﻦ اﳌﻜﺎﺳﺐ اﻟﴪﻳﻌﺔ اﻟﺘﻲ ﺷﻬﺪﺗﻬﺎ ﰲ وﻗﺖ ﻣﺒﻜﺮ ﻣﻦ‬ ‫ﻫﺬا اﻟﻌﺎم‪ .‬ﺑﻴﻨام ارﺗﻔﻊ ﻣﺘﻮﺳﻂ ﻗﻴﻤﺔ اﳌﺴﺎﻛﻦ ﺑﻨﺴﺒﺔ ‪ 6.4‬ﰲ اﳌﺌﺔ ﰲ‬ ‫اﻟﻔﱰة ﻣﻦ أﻛﺘﻮﺑﺮ ‪ ،2013‬إﻻ أن اﻟﺰﻳﺎدة ﰲ اﳌﺨﺰون وﺗﺒﺎﻃﺆ ﻧﺴﺒﺔ‬ ‫اﻟﺰﻳﺎدة ﰲ ﻗﻴﻤﺔ اﳌﻨﺎزل ﻫﻲ ﻣﺆﴍات ﻋﲆ ﻓﺘﻮر ﺳﻮق اﻹﺳﻜﺎن‪.‬‬ ‫ﰲ ﻇﻞ ﺗﻬﺪﺋﺔ اﻟﺴﻮق‪ ،‬ﻳﺠﺪ اﳌﺸﱰون اﻟﺬﻳﻦ ﻳﺒﺤﺜﻮن ﻋﻦ ﻣﻨﺎزل ﻏري‬ ‫ﻣﻜﻠﻔﺔ ﻛﺜريا ً ﺑﻌﺾ اﻟﺨﻴﺎرات ﰲ أﻫﻢ أﺳﻮاق ﻣﱰو ﻣﺜﻞ ﻟﻮس أﻧﺠﻠﻮس‬ ‫وﺳﺎن دﻳﻴﻐﻮ وﻣﻨﻄﻘﺔ ﺧﻠﻴﺞ ﺳﺎن ﻓﺮاﻧﺴﻴﺴﻜﻮ‪ .‬ﰲ ﺳﺎن ﻓﺮاﻧﺴﻴﺴﻜﻮ‪،‬‬ ‫ارﺗﻔﻊ اﳌﺨﺰون ﻣﻦ اﳌﻨﺎزل ﻣﻨﺨﻔﻀﺔ اﻷﺳﻌﺎر ﺑﻨﺴﺒﺔ ‪ 39‬ﰲ اﳌﺌﺔ‪ .‬وﻛﺎﻧﺖ‬ ‫ﻫﻨﺎك ﺑﻌﺾ اﳌﻨﺎزل ﻣﺮﺗﻔﻌﺔ اﻷﺳﻌﺎر ﰲ اﻟﺴﻮق ﰲ اﳌﺪﻳﻨﺔ ﺧﻼل ﻫﺬه‬ ‫اﻟﻔﱰة‪.‬‬ ‫ﺑﻴﻨام ارﺗﻔﻌﺖ اﻹﻳﺠﺎرات ﰲ ﻣﺨﺘﻠﻒ أﻧﺤﺎء اﻟﺒﻼد ﺑﻨﺴﺒﺔ ‪ 3.5‬ﰲ اﳌﺌﺔ‬ ‫ﰲ أﻛﺘﻮﺑﺮ ﻣﻘﺎرﻧﺔ ﺑﺎﻟﻌﺎم اﻟﺴﺎﺑﻖ‪ ،‬مل ﻳﻜﻦ ﻫﻨﺎك أي زﻳﺎدة ﰲ اﻟﻔﱰة ﻣﻦ‬ ‫ﺳﺒﺘﻤﱪ‪ .‬وﻋﻤﻮﻣﺎ‪ ،‬زاد اﳌﺨﺰون ﻣﻦ اﳌﻨﺎزل ﰱ ﺟﻤﻴﻊ اﻧﺤﺎء اﻟﺒﻼد ﺑﻨﺴﺒﺔ‬ ‫‪ 15.8‬ﰲ اﳌﺌﺔ ﻣﻘﺎرﻧﺔ ﻣﻊ ﻧﻔﺲ اﻟﻔﱰة ﻣﻦ اﻟﻌﺎم اﻟﺴﺎﺑﻖ‪ .‬وأﻇﻬﺮ ﺗﺤﻠﻴﻞ‬ ‫اﻷرﻗﺎم إﱃ أن ﻣﺨﺰون اﳌﻨﺎزل اﻟﺮاﻗﻴﺔ ارﺗﻔﻊ ﺑﻨﺴﺒﺔ ‪ 82.2‬ﰲ اﳌﺌﺔ‪ ،‬ﰲ‬ ‫ﺣني أن اﻧﺨﻔﻀﺖ اﳌﻨﺎزل ﻣﻨﺨﻔﻀﺔ اﻷﺳﻌﺎر ﺑﻨﺴﺒﺔ ‪ 68.3‬ﰲ اﳌﺌﺔ‪.‬‬

‫تزايد االستثمار الصيني في العقارات العالمية‬ ‫اﻗﱰﺑﺖ ﻗﻴﻤﺔ اﻻﺳﺘﺜامر ﰲ اﻟﻘﻄﺎع اﻟﻌﻘﺎري اﻟﻌﺎﳌﻲ ﻣﻦ ﻗﺒﻞ اﳌﺴﺘﺜﻤﺮﻳﻦ‬ ‫اﻟﺼﻴﻨﻴني ﻣﻦ ‪ 15‬ﻣﻠﻴﺎر دوﻻر ﺑﺤﻠﻮل ﻧﻬﺎﻳﺔ ﻋﺎم ‪ 2014‬ﻣﻊ اﻟﺰﻳﺎدة‬ ‫اﻟﴪﻳﻌﺔ ﰲ ﴍاﺋﻬﻢ ﻟﻠﻌﻘﺎرات ﰲ اﻟﺨﺎرج‪ .‬وﻳﻈﻬﺮ ﺗﻘﺮﻳﺮ ﻧﺎﻳﺖ ﻓﺮاﻧﻚ‬ ‫أن اﻟﻐﺎﻟﺒﻴﺔ اﻟﻌﻈﻤﻰ ﻣﻦ اﻻﺳﺘﺜامر اﻟﺬي ﺗﻢ إﺣﺮازه ﰲ اﳌﺪن اﻟﺮﺋﻴﺴﻴﺔ‬ ‫ﰲ ﺟﻤﻴﻊ أﻧﺤﺎء اﻟﻮﻻﻳﺎت اﳌﺘﺤﺪة اﻷﻣﺮﻳﻜﻴﺔ واﳌﻤﻠﻜﺔ اﳌﺘﺤﺪة وأﺳﱰاﻟﻴﺎ‪.‬‬ ‫وﺑﺎﻻﺿﺎﻓﺔ اﱃ ﻫﺬا‪ ،‬ﻓﺈن ﻛﺒﺎر اﳌﺴﺘﺜﻤﺮﻳﻦ اﻟﺼﻴﻨﻴني ﻳﺴﺘﻜﺸﻔﻮن أﻳﻀﺎ‬

‫وﺟﻬﺎت ﺟﺪﻳﺪة ﻣﺜﻞ ﻣﻴﺎﻣﻲ ﰲ اﻟﻮﻻﻳﺎت اﳌﺘﺤﺪة اﻷﻣﺮﻳﻜﻴﺔ وﺟﻮﻟﺪ‬ ‫ﻛﻮﺳﺖ ﰲ أﺳﱰاﻟﻴﺎ‪ .‬ﺧﻼل اﻟﻌﺎم‪ ،‬ﺳﺠﻠﺖ اﺳﱰاﻟﻴﺎ أﻋﲆ زﻳﺎدة ﰲ‬ ‫اﻻﺳﺘﺜامر اﻟﻮارد ﻣﻦ اﻟﺼني ﰲ ﻗﻄﺎع اﻟﻌﻘﺎرات ﻣﻊ منﻮ ﻳﺼﻞ إﱃ أﻛرث‬ ‫ﻣﻦ ‪ 60‬ﰲ اﳌﺌﺔ ﻋﲆ اﺳﺎس ﺳﻨﻮى‪.‬‬ ‫ووﻓﻘﺎ ﻟﻠﺘﻘﺮﻳﺮ‪ ،‬ﻓﺈن اﻟﺪواﻓﻊ اﻟﺮﺋﻴﺴﻴﺔ ﻟﻼﺳﺘﺜامر اﻟﺼﻴﻨﻲ ﻫﻲ ﻟني‬ ‫ﻇﺮوف اﻟﺴﻮق اﳌﺤﻠﻴﺔ ﺑﺴﺒﺐ اﻧﺨﻔﺎض اﳌﺨﺰون اﻻﺳﺘﺜامري‪ ،‬اﻧﺨﻔﺎض‬ ‫اﻟﻌﺎﺋﺪ واﻧﺨﻔﺎض اﻷﺳﻮاق اﻟﺴﻜﻨﻴﺔ‪ ،‬اﻟﺘﻲ ﺗﺆﺛﺮ ﻋﲆ اﳌﺴﺘﺜﻤﺮﻳﻦ‬ ‫واﳌﻄﻮرﻳﻦ ﰲ اﻟﺒﻼد‪.‬‬ ‫وﻗﺪ أدت ﺳﻴﺎﺳﺔ اﻟﺤﻜﻮﻣﺔ اﻟﺼﻴﻨﻴﺔ إﱃ ﺗﺸﺠﻴﻊ اﻟﴩﻛﺎت ﻟﻠﺘﻮﺳﻊ ﰲ‬ ‫اﻟﺨﺎرج إﱃ زﻳﺎدة ﴎﻳﻌﺔ ﰲ اﻷﻧﺸﻄﺔ اﻻﺳﺘﺜامرﻳﺔ ﻣﻦ ﻗﺒﻞ اﳌﺴﺘﺜﻤﺮﻳﻦ‬ ‫ﻣﻦ اﳌﺆﺳﺴﺎت واﳌﻄﻮرﻳﻦ واﻟﺒﻨﻮك ﰲ اﻟﺼني‪ .‬وﻣﻊ ذﻟﻚ‪ ،‬ﺣﻴﺚ ﻳﺘﻢ‬ ‫اﻟﺘﺤﻜﻢ ﰲ اﻟﺴﻮق اﻟﺼﻴﻨﻴﺔ ﻣﻦ ﺧﻼل ﺳﻴﺎﺳﺎت ﻣﺤﺪدة‪ ،‬ﻳﻨﻄﻮي ذﻟﻚ‬ ‫ﻋﲆ ﺧﻄﺮ اﻟﺘﻌﺮض ﻟﻠﺘﺄﺛﺮ ﰲ ﺣﺎﻟﺔ وﺟﻮد أي ﺗﻐﻴريات ﰲ ﺳﻴﺎﺳﺎت‬ ‫اﻟﺤﻜﻮﻣﺔ‪.‬‬ ‫ﻣﻮﺟﺔ اﻻﺳﺘﺜامرات اﻟﺨﺎرﺟﻴﺔ اﻟﺼﻴﻨﻴﺔ ﰲ اﻟﻌﻘﺎرات ﺑﺪأت ﻣﻊ ﺻﻨﺎدﻳﻖ‬ ‫اﻟرثوة اﻟﺴﻴﺎدﻳﺔ ﺑﺎﺳﺘﺜامرات ﰲ اﻷﺻﻮل واﻟﺒﻨﻮك اﻟﺘﻲ ﺗﺸﱰي اﻟﻌﻘﺎرات‬ ‫ﻟﺴﻜﻦ اﳌﺎﻟﻚ‪ .‬وﺑﻌﺪ ذﻟﻚ‪ ،‬ﺟﺎء ﻛﺒﺎر اﳌﻄﻮرﻳﻦ اﻟﺬﻳﻦ ﻳﺘﻄﻠﻌﻮن إﱃ‬ ‫ﺗﻨﻮﻳﻊ اﻷﺳﻮاق اﻟﺨﺎرﺟﻴﺔ‪ .‬ﰲ اﳌﻮﺟﺔ اﻟﺜﺎﻟﺜﺔ‪ ،‬ﺑﺪأت ﴍﻛﺎت اﻟﺘﺄﻣني‬ ‫واﳌﺴﺘﺜﻤﺮﻳﻦ ﰲ اﻷﺳﻬﻢ ﻣﻦ اﻟﺒﺎﺣﺜني ﻋﻢ زﻳﺎدة اﻟﻌﻮاﺋﺪ ﰲ اﺳﺘﻜﺸﺎف‬ ‫اﻟﻌﻘﺎرات اﻟﺨﺎرﺟﻴﺔ ﻛﺨﻴﺎر‪ ،‬ﰲ ﺣني ﺗﺘﻜﻮن اﳌﻮﺟﺔ اﻟﺮاﺑﻌﺔ ﻣﻦ ﻛﺒﺎر‬ ‫اﳌﺴﺘﺜﻤﺮﻳﻦ واﳌﻄﻮرﻳﻦ ﻣﻦ أﺻﺤﺎب رأس اﳌﺎل اﻟﺼﻐري واﳌﺘﻮﺳﻂ‬ ‫واﻟﴩﻛﺎت اﳌﻤﻠﻮﻛﺔ ﻟﻠﺪوﻟﺔ ﻣﻦ اﻟﺒﺎﺣﺜني ﻋﻦ ﺗﻨﻤﻴﺔ ﺛﺮواﺗﻬﻢ ﰲ اﻟﺨﺎرج‪.‬‬ ‫ﺣﻴﺚ أن اﻟﻌﺪﻳﺪ ﻣﻦ اﳌﺪن اﻟﺮﺋﻴﺴﻴﺔ وﻋﻮاﺻﻢ اﳌﻘﺎﻃﻌﺎت ﰲ اﳌﻤﻠﻜﺔ‬ ‫اﳌﺘﺤﺪة واﻟﻮﻻﻳﺎت اﳌﺘﺤﺪة وأﺳﱰاﻟﻴﺎ ﺗﻮﻓﺮ ﻋﺎﺋﺪات أﻓﻀﻞ ﻣﻦ اﳌﺪن‬ ‫اﻟﺮﺋﻴﺴﻴﺔ ﻣﺜﻞ ﻟﻨﺪن وﻧﻴﻮﻳﻮرك وﻣﻠﺒﻮرن وﺳﻴﺪين‪ ،‬ﻓﺈن اﳌﺴﺘﺜﻤﺮﻳﻦ‬ ‫اﻟﺼﻴﻨﻴني ﻳﻌﻤﻮﻟﻦ ﻋﲆ اﻟﺘﻨﻮﻳﻊ اﻟﺠﻐﺮاﰲ إﱃ ﻣﺪن أﺧﺮى وﻋﻮاﺻﻢ‬ ‫اﳌﻘﺎﻃﻌﺎت وﻛﺬﻟﻚ إﱃ ﻗﻄﺎﻋﺎت ﻋﻘﺎرﻳﺔ أﺧﺮى ﻣﺜﻞ اﻟﱰﻓﻴﻪ واﻟﻌﻘﺎرات‬ ‫اﻟﺼﻨﺎﻋﻴﺔ‪.‬‬

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‫فالوران للوساطة العقارية‬ ‫العدد ‪ - 24‬ديسمبر ‪2014‬‬

‫األخبار العقارية العاملية‬

‫أسعار العقارات المتميزة خارج لندن تشهد‬ ‫زيادة قدرها ‪38٪‬‬ ‫أﻇﻬﺮت ﻋﻤﻠﻴﺔ ﺗﺤﺪﻳﺚ ﻣﺆﺧﺮا ً ﻟﻨﺎﻳﺖ ﻓﺮاﻧﻚ اﺳﺘﻨﺎدا إﱃ ﺑﻴﺎﻧﺎت‬ ‫اﳌﺒﻴﻌﺎت ﻣﻦ اﻟﺴﺠﻞ اﻟﻌﻘﺎري وأداء ﺳﻌﺮ اﳌﺴﺘﻮى اﳌﺤﲇ ﰲ إﻧﺠﻠﱰا‬ ‫ووﻳﻠﺰ أن ﻋﺪد اﻟﻌﻘﺎرات ﺧﺎرج ﻟﻨﺪن واﻟﺘﻲ ﺗﺰﻳﺪ ﻗﻴﻤﺘﻬﺎ ﻋﻦ ﻣﻠﻴﻮن‬ ‫ﺟﻨﻴﻪ اﺳﱰﻟﻴﻨﻲ ﻗﺪ ارﺗﻔﻌﺖ أﺳﻌﺎرﻫﺎ ﺑﻨﺴﺒﺔ ‪ 38‬ﰲ اﳌﺌﺔ ﻣﻘﺎرﻧﺔ ﺑﺎﻟﻌﺎم‬ ‫اﻟﺴﺎﺑﻖ‪ .‬وﺗﺎﺑﻊ اﻟﺘﻘﺮﻳﺮ ﻟﺘﺤﺪﻳﺪ اﳌﻨﺎﻃﻖ اﻟﺘﻲ ﺗﺮﻛﺰت ﻓﻴﻬﺎ ﻫﺬه‬ ‫اﻟﻌﻘﺎرات‪ .‬ارﺗﻔﻊ ﻋﺪد اﻟﻌﻘﺎرات اﳌﺒﺎﻋﺔ ﺑﺄﻛرث ﻣﻦ ﻣﻠﻴﻮن ﺟﻨﻴﻪ اﺳﱰﻟﻴﻨﻲ‬ ‫ﺧﺎرج ﻟﻨﺪن ﰲ اﻟﻨﺼﻒ اﻷول ﻣﻦ ﻋﺎم ‪ 2014‬ﺑﻨﺴﺒﺔ ‪ 44‬ﰲ اﳌﺌﺔ ﻣﻘﺎرﻧﺔ‬ ‫ﺑﺎﻟﻔﱰة ﻧﻔﺴﻬﺎ ﻣﻦ اﻟﻌﺎم اﳌﺎﴈ‪.‬‬ ‫ارﺗﻔﺎع ﻣﻌﺪل اﻷداء اﻻﻗﺘﺼﺎدي ﰲ اﳌﻤﻠﻜﺔ اﳌﺘﺤﺪة ﰲ اﻟﻌﺎم اﳌﺎﴈ زاد‬ ‫ﻣﻦ ﺛﻘﺔ اﳌﺸﱰﻳﻦ‪ ،‬إﺿﺎﻓﺔ إﱃ زﻳﺎدة اﻟﻨﺸﺎط ﰲ ﺳﻮق اﻟﻌﻘﺎرات‪ ،‬ﻧﺘﺞ‬ ‫ﻋﻨﻪ ارﺗﻔﺎع ﰲ أﺳﻌﺎر اﻟﻌﻘﺎرات‪ .‬وﻛﺎﻧﺖ أﻋﲆ ﻧﺴﺒﺔ منﻮ ﰲ ﻋﺪد اﳌﻨﺎزل‬ ‫اﻟﺘﻲ ﺗﺒﻠﻎ ﻗﻴﻤﺘﻬﺎ أﻛرث ﻣﻦ ﻣﻠﻴﻮن ﺟﻨﻴﻪ اﺳﱰﻟﻴﻨﻲ أو أﻛرث ﰲ ﺿﻮاﺣﻲ‬ ‫ﻟﻨﺪن ﰲ ﻣﺎﻳﺪﻳﻨﻬﻴﺪ‪ ،‬إﳌﱪﻳﺪج‪ ،‬ﻏﻴﻠﺪﻓﻮرد ووﻧﺪﺳﻮر‪ .‬وﻗﺪ اﺳﺘﻔﺎدت‬ ‫ﻫﺬه اﻷﺳﻮاق ﻣﻦ أﺛﺮ ﻣﻀﺎﻋﻒ ﻟﻨﻤﻮ اﻷﺳﻌﺎر ﰲ وﺳﻂ ﻟﻨﺪن وذﻟﻚ‬ ‫ﺑﺴﺒﺐ اﻟﺰﻳﺎدة ﰲ اﻟﻄﻠﺐ ﻋﲆ ﻣﻨﺎزل اﻟﻌﺎﺋﻠﺔ ﻣﻦ ﺳﺎﻛﻨﻲ ﻟﻨﺪن اﻟﺬﻳﻦ‬ ‫ﻳﺮﻏﺒﻮن ﰲ اﻻﻧﺘﻘﺎل ﻣﻦ اﻟﻌﺎﺻﻤﺔ وﻛﺬﻟﻚ اﳌﺸﱰﻳﻦ ﰲ ﻫﺬه اﳌﻨﺎﻃﻖ‬ ‫اﳌﺤﻠﻴﺔ اﻟﺬﻳﻦ ﻳﺮﻏﺒﻮن ﰲ ﺑﻴﻊ ﻋﻘﺎراﺗﻬﻢ اﻟﺤﺎﻟﻴﺔ‪.‬‬

‫‪www.valoran.ae‬‬

‫وارﺗﻔﻌﺖ أﺳﻌﺎر اﳌﻨﺎزل ﰲ اﳌﻤﻠﻜﺔ اﳌﺘﺤﺪة ﺑﻨﺴﺒﺔ ‪ 5.6‬ﰲ اﳌﺌﺔ ﻣﻘﺎرﻧﺔ‬ ‫ﻣﻊ أدىن ﻣﺴﺘﻮى ﰲ ﻋﺎم ‪ .2009‬وﻣﻊ ذﻟﻚ‪ ،‬ﻓﻬﻲ ﻻ ﺗﺰال ﻧﺤﻮ ‪ 16‬ﰲ‬ ‫اﳌﺌﺔ أﻗﻞ ﻣﻦ اﳌﺴﺘﻮﻳﺎت اﻟﺘﻲ ﺷﻬﺪﺗﻬﺎ ﺧﻼل اﻟﺬروة اﻟﺴﺎﺑﻘﺔ‪ .‬ﰲ‬ ‫اﳌﻘﺎﺑﻞ‪ ،‬ارﺗﻔﻌﺖ اﻷﺳﻌﺎر ﰲ وﺳﻂ ﻟﻨﺪن ﺑﻨﺤﻮ ‪ 74‬ﰲ اﳌﺌﺔ وﻫﻲ أﻋﲆ‬ ‫مبﻌﺪل ‪ 32‬ﰲ اﳌﺌﺔ ﻣام ﻛﺎﻧﺖ ﻋﻠﻴﻪ ﺧﻼل اﻟﺬروة اﻟﺴﺎﺑﻘﺔ‪ ،‬اﻷﻣﺮ اﻟﺬي‬ ‫ﻳﺠﻌﻞ اﻟﻮﺿﻊ ﻣﺜﺎﻟﻴﺎ ﻷوﻟﺌﻚ اﻟﺬﻳﻦ ﻳﺮﻳﺪون ﺑﻴﻊ ﻋﻘﺎراﺗﻬﻢ اﳌﺘﻤﻴﺰة‬ ‫ﻟﴩاء ﻣﻨﺰل ﺑﺴﻌﺮ ﺟﻴﺪ‪.‬‬ ‫ﰲ ﺟﻤﻴﻊ أﻧﺤﺎء اﻟﺒﻼد‪ ،‬ارﺗﻔﻌﺖ ﻣﺒﻴﻌﺎت اﳌﻨﺎزل اﻟﺘﻲ ﻳﺒﻠﻎ ﺳﻌﺮﻫﺎ أﻛرث‬ ‫ﻣﻦ ﻣﻠﻴﻮن ﺟﻨﻴﻪ اﺳﱰﻟﻴﻨﻲ ﺧﻼل اﻟﻌﺎم اﳌﻨﺘﻬﻲ ﰲ ﻳﻮﻧﻴﻮ ‪ .2014‬وﰲ‬ ‫ﻣﻴﺪﻻﻧﺪز ووﻳﻠﺰ‪ ،‬ارﺗﻔﻊ ﻫﺬا اﻟﺮﻗﻢ ﺑﻨﺴﺒﺔ ‪ 78‬ﰲ اﳌﺌﺔ‪ ،‬ﺑﻴﻨام ﰲ اﻟﺸامل‪،‬‬ ‫ﺣﻴﺚ ﻳﻌﺪ اﻧﺘﻌﺎش ﺳﻮق اﻹﺳﻜﺎن اﻷﺑﻄﺄ ﻣﻨﺬ ﻓﱰة اﻻﻧﻜامش اﻻﻗﺘﺼﺎدي‪،‬‬ ‫ارﺗﻔﻊ اﻟﻌﺪد ﺑﻨﺴﺒﺔ ‪ 24‬ﰲ اﳌﺌﺔ‪.‬‬ ‫ﻛﺎن اﻟﺠﺰء اﻷﻛﱪ ﻣﻦ اﻟﻨﺸﺎط اﻟﺮﺋﻴﴘ ﻣﻦ ﺣﻴﺚ ﻋﺪد اﻟﻌﻘﺎرات اﳌﺒﺎﻋﺔ‬ ‫ﺧﻼل اﻷﺷﻬﺮ اﻟﺴﺘﺔ اﻷوﱃ ﻣﻦ ﻋﺎم ‪ 2014‬ﰲ ﺟﻨﻮب إﻧﺠﻠﱰا واﳌﻘﺎﻃﻌﺎت‬ ‫اﻟﻮاﻗﻌﺔ ﺣﻮل ﻣﻤﺮات اﻟﻨﻘﻞ ‪ M3، M4 -‬و ‪ ،M40‬ﺣﻴﺚ أن ﻫﺬه‬ ‫اﻷﺳﻮاق ﻟﺪﻳﻬﺎ ﻃﺮق وﺻﻞ ﺟﻴﺪة إﱃ وﺳﻂ ﻟﻨﺪن إﱃ ﺟﺎﻧﺐ اﻟﻮﺻﻮل‬ ‫إﱃ اﳌﺪارس واﳌﺮاﻓﻖ اﳌﺤﻠﻴﺔ اﳌﻤﺘﺎزة‪.‬‬

Valoran Real Estate Brokers Your Lifestyle Broker

‫أﺑﺮاج ﺗﴩﺷﻞ‬

‫ﺳﺎﺣﺔ اﻟﺨﻠﻴﺞ‬

،‫ ﻃﺎﺑﻘﺎ‬43 ‫ﻣﻜﺘﺒﻲ ﻳﻀﻢ ﺑﺮﺟﺎن ﻳﺘﻜﻮن أﺣﺪﻫام ﻣﻦ‬/‫وﻫﻮ ﺗﻄﻮر ﺗﺠﺎري‬ ‫ ﺗﴩﺷﻞ‬،‫ ﻃﺎﺑﻘﺎ‬59 ‫ وﺑﺮج أﺧﺮ ﺳﻜﻨﻲ ﻣﻜﻮن ﻣﻦ‬،‫ﺗﴩﺷﻞ اﻟﺘﻨﻔﻴﺬي‬ ‫ اﺛﻨني‬،‫ ﻣﻊ ﻣﺰﻳﺞ ﻣﻦ اﻟﺸﻘﻖ اﳌﻜﻮﻧﺔ ﻣﻦ ﻏﺮﻓﺔ ﻧﻮم واﺣﺪة‬،‫رﻳﺰﻳﺪﻧﺲ‬ .‫وﺛﻼث ﻏﺮف ﻧﻮم‬

.‫ ﻃﺎﺑﻘﺎ‬16 ‫ ﻣﺒﻨﻰ ﻣﻜﻮﻧﺔ ﻣﻦ‬13 ‫ﻳﻀﻢ ﻫﺬا اﻟﺘﻄﻮر ﻣﻨﺨﻔﺾ اﻻرﺗﻔﺎع‬ ‫ ﻣﺒﺎين‬10 ‫ ﻣﱰ ﻣﺮﺑﻊ وﺳﻴﻀﻢ‬220،000 ‫ﻳﺘﻢ ﺗﻨﻔﻴﺬ اﳌﴩوع ﻋﲆ ﻣﺴﺎﺣﺔ‬ .‫ وﻛﺘﻠﺔ ﺳﻜﻨﻴﺔ‬،‫ ﻣﺒﻨﻰ اﻟﻔﻨﺪق‬،‫ ﻣﺒﻨﻰ ﺗﺠﺎري‬،‫ﺳﻜﻨﻴﺔ‬-‫ﺗﺠﺎرﻳﺔ‬-‫ﻣﻜﺘﺒﻴﺔ‬ ‫ ﻣﻜﺘﺒﺎ ﰲ إﻃﺎر اﻟﺘﻄﻮﻳﺮ وﺗﱰاوح‬575 ‫وﺳﻮف ﻳﻜﻮن ﻫﻨﺎك ﺣﻮاﱄ‬ .‫ ﻗﺪم ﻣﺮﺑﻊ‬4،000 ‫ إﱃ‬2،000 ‫ﻣﺴﺎﺣﺔ ﻛﻞ ﻣﻨﻬﺎ ﺑني‬

Market Price Live – Sale Prices

Average Price Per Unit

AED 2,208,050

Average Price Per Unit

AED 1,678,775

Average Area Per Unit

1,267 sq. ft.

Average Area Per Unit

1,015 sq. ft.

Average Price Per Sq. Ft.

AED 1,743

Average Price Per Sq. Ft.

AED 1,654

* Source: Propertyfinder.ae (based on 90 listings of similar units)

* Source: Propertyfinder.ae (based on 72 listings of similar units)

Market Price Live – Rental Values Average Price Per Unit

AED 131,520 p.a.

Average Area Per Unit

1,302 sq. ft.

Average Price Per Sq. Ft. *Source: Propertyfinder.ae (based on 50 listings of similar units)

AED 101 p.a.

Market Price Live – Rental Values Average Price Per Unit

AED 96,189 p.a.

Average Area Per Unit

853 sq. ft.

Average Price Per Sq. Ft.

AED 113 p.a.

*Source: Propertyfinder.ae (based on 70 listings of similar units)

‫فالوران للوساطة العقارية‬ ‫العدد ‪ - 24‬ديسمبر ‪2014‬‬

‫ﻣﻊ اﻟﺘﻔﺎؤل اﻟﺬي ﻳﺒﴩ ﺑﻪ اﻻﻧﺘﻌﺎش اﻻﻗﺘﺼﺎدي ﰲ ديب ﺧﻼل اﻟﻌﺎم‬ ‫اﳌﺎﴈ‪ ،‬ﻳﻌﻮد ﻧﺸﺎط اﻟﺒﻨﺎء إﱃ اﳌﻨﻄﻘﺔ‪ .‬وﻣﻊ ذﻟﻚ‪ ،‬ﻓﺈﻧﻪ ﰲ ﻫﺬه اﳌﺮة‬ ‫ﻟﻴﺲ ﻗﻄﺎع اﳌﻜﺎﺗﺐ ﻓﺤﺴﺐ اﻟﺬي ﻳﺸﻬﺪ ﺗﻘﺪﻣﺎً ﺑﻞ اﻟﻘﻄﺎﻋﺎت اﻟﺴﻜﻨﻴﺔ‬ ‫واﻟﻀﻴﺎﻓﺔ‪ ،‬واﻟﺘﻲ ﻗﺪ ﺗﻜﻮن ﻋﻼﻣﺔ ﻋﲆ أن اﻟﺘﻄﻮﻳﺮ ﺳﻴﺘﺤﻮل ﻣﻦ ﻣﻨﻄﻘﺔ‬ ‫ادارﻳﺔ ﰲ اﻷﺳﺎس إﱃ ﺗﻄﻮر ﻣﺘﻌﺪد اﻻﺳﺘﺨﺪاﻣﺎت ﻣﺜﻞ ﻏريه ﻣﻦ‬ ‫اﻟﺘﻄﻮرات اﻟﺮﺋﻴﺴﻴﺔ ﰲ ديب‪.‬‬

‫ﺑﺮج ﺧﻠﻴﻔﺔ‬ ‫وﻳﺄيت ﰲ ﺻﺪارة ﻣﻨﻄﻘﺔ اﻟﺨﻠﻴﺞ اﻟﺘﺠﺎري ﺑﺮج ﺧﻠﻴﻔﺔ‪ ،‬وﻫﻮ أﻃﻮل ﻣﺒﻨﻰ‬ ‫ﰲ اﻟﻌﺎمل وﻳﻨﻈﺮف إﻟﻴﻪ ﺑﺎﻋﺘﺒﺎره رﻣﺰا ً ﻣﻤﻴﺰا ً ﻟﺪيب اﻟﺠﺪﻳﺪة‪ .‬ﺣﻴﺚ ﻳﻘﻒ‬ ‫ﺷﺎﻫﺪا ﻋﲆ ﺗﺤﻮل اﻹﻣﺎرة ﻣﻦ اﻗﺘﺼﺎد ﺗﻘﻠﻴﺪي ﻳﻌﺘﻤﺪ ﻋﲆ اﻟﻨﻔﻂ إﱃ‬ ‫اﻗﺘﺼﺎد ﺣﺪﻳﺚ اﻛﺘﺴﺐ اﻋﱰاﻓﺎ ﻋﺎﳌﻴﺎ ﻛﻘﺎﻋﺪة ﻣﻌﺮﻓﻴﺔ وﻣﺮﻛﺰ ﻟﻠﺨﺪﻣﺎت‪.‬‬

‫اﻷﺑﺮاج اﻟﺘﻨﻔﻴﺬﻳﺔ‬ ‫ﻣﺠﻤﻊ ﻳﻀﻢ ‪ 12‬ﺑﺮﺟﺎً ﺿﻤﻦ اﻟﺨﻠﻴﺞ اﻟﺘﺠﺎري‪ ،‬اﻷﺑﺮاج اﻟﺘﻨﻔﻴﺬﻳﺔ ﺗﺘﻜﻮن‬ ‫ﻣﻦ ‪ 10‬ﻣﺒﺎين ﺳﻜﻨﻴﺔ‪ ،‬وﻛﺘﻠﺔ ﺗﺠﺎرﻳﺔ )أﺳﺒﻴﻜﺖ ﺗﺎور( وﺑﺮج اﻟﻔﻨﺪق‪.‬‬ ‫اﻷﺑﺮاج‪ ،‬واﻟﺘﻲ ﺗﻢ ﺗﺴﻤﻴﺘﻬﺎ أﺑﺠﺪﻳﺎً ﻣﻦ ‪ ،A-M‬ﺗﺨﺘﻠﻒ ﰲ اﻻرﺗﻔﺎع ﻣﺎ‬ ‫ﺑني ‪ 28‬و ‪ 52‬ﻃﺎﺑﻘﺎ وﺗﺤﺘﻮي ﻋﲆ ﻣﺰﻳﺞ ﻣﻦ اﻻﺳﺘﻮدﻳﻮ‪ ،‬وﺷﻘﻖ ﻣﻜﻮﻧﺔ‬ ‫ﻣﻦ ﻏﺮﻓﺔ ﻧﻮم واﺣﺪة‪ ،‬اﺛﻨﺎن‪ ،‬ﺛﻼﺛﺔ وأرﺑﻌﺔ ﻏﺮف ﻧﻮم ﺑﺎﻹﺿﺎﻓﺔ إﱃ‬ ‫ﺑﻌﺾ اﻟﺸﻘﻖ ذات ﴍﻓﺔ وﺣﺪﻳﻘﺔ‪.‬‬

‫‪Market Price Live – Sale Prices‬‬ ‫‪AED 2,890,728‬‬

‫‪Average Price Per Unit‬‬

‫‪1,781sq. ft.‬‬

‫‪Average Area Per Unit‬‬

‫‪AED 1,623‬‬

‫‪Average Price Per Sq. Ft.‬‬ ‫‪* Source: Propertyfinder.ae‬‬ ‫)‪(based on 817 listings of similar units‬‬

‫‪Market Price Live – Rental Values‬‬ ‫‪AED 173,932 p.a.‬‬

‫‪Average Price Per Unit‬‬

‫‪1,863 sq. ft.‬‬

‫‪Average Area Per Unit‬‬

‫‪AED 93 p.a.‬‬

‫‪Average Price Per Sq. Ft.‬‬ ‫‪*Source: Propertyfinder.ae‬‬ ‫)‪(based on 276 listings of similar units‬‬

‫‪www.valoran.ae‬‬

‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫التملك احلر للعقارات في دبي‬ ‫الخليج التجاري‬

‫وﻫﻮ ﺗﻄﻮر ﻣﺘﻌﺪد اﻻﺳﺘﺨﺪاﻣﺎت ﻣﻦ ﻗﺒﻞ ﻣﺠﻤﻮﻋﺔ ديب ﻟﻠﻌﻘﺎرات‪،‬‬ ‫وﻳﻀﻢ اﻟﺨﻠﻴﺞ اﻟﺘﺠﺎري اﻟﻮﺣﺪات اﻟﺘﺠﺎرﻳﺔ واﻟﺴﻜﻨﻴﺔ اﳌﺤﺪدة ﻋﱪ‬ ‫ﻣﻨﻄﻘﺔ رﺋﻴﺴﻴﺔ ﻣﻦ ‪ 80‬ﻣﻠﻴﻮن ﻗﺪم ﻣﺮﺑﻊ‪ .‬ﻣﻊ ﻣﻮﻗﻌﻬﺎ اﳌﺮﻛﺰي ﰲ ﻗﻠﺐ‬ ‫ديب‪ ،‬ﺗﺘﺼﻞ اﳌﻨﻄﻘﺔ ﺑﺎﺛﻨني ﻣﻦ اﻟﻄﺮق اﻟﺮﺋﻴﺴﻴﺔ ﰲ اﳌﺪﻳﻨﺔ‪ ،‬ﺷﺎرع‬ ‫اﻟﺸﻴﺦ زاﻳﺪ و ﻃﺮﻳﻖ اﻟﺨﻴﻞ‪ .‬ﺗﻢ ﺗﻄﻮﻳﺮه ﻛﻤﺮﻛﺰ ﺗﺠﺎري ﺟﺪﻳﺪ ﰲ ديب‪،‬‬ ‫وﻗﺪ ﺗﻢ ﺗﺼﻤﻴﻢ اﳌﻨﻄﻘﺔ ﻻﺳﺘﻴﻌﺎب ﻣﻜﺎﺗﺐ اﻟﴩﻛﺎت اﻟﻌﺎﳌﻴﺔ إﱃ‬ ‫ﺟﺎﻧﺐ اﻟﺨﻴﺎرات اﻟﻘﻴﺎﺳﻴﺔ اﻟﺪوﻟﻴﺔ ﰲ ﻣﺠﺎل اﻟﺘﺠﺎرة واﻟﺘﺠﺰﺋﺔ‬ ‫واﻷﻃﻌﻤﺔ‪ .‬وﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬وﺟﻮد وﺣﺪات ﺳﻜﻨﻴﺔ راﻗﻴﺔ ﺗﻮﻓﺮ‬ ‫ﻟﻠﺘﻨﻔﻴﺬﻳني واﻟﻌﺎﺋﻼت ﺗﺮف ﺗﺤﻘﻴﻖ اﻟﺘﻮازن ﺑني اﻟﻌﻤﻞ واﻟﺤﻴﺎة ﻣﻊ ﻛﻞ‬

‫ﳾء ﻣﺘﺎح ﰲ إﻃﺎر ﻳﺴﻬﻞ اﻟﻮﺻﻮل إﻟﻴﻬﺎ‪ .‬وﻳﺘﺼﻞ اﳌﴩوع أﻳﻀﺎ ﺑﺎﻟﺨﻂ‬ ‫اﻷﺣﻤﺮ ﳌﱰو ديب ﻣﻦ ﺧﻼل ﻣﺤﻄﺔ اﻟﺨﻠﻴﺞ اﻟﺘﺠﺎري‪.‬‬ ‫ﻋﻨﺪﻣﺎ ﺗﻢ اﻹﻋﻼن ﻋﻨﻪ ﰲ ﻋﺎم ‪ ،2003‬ﻛﺎﻧﺖ اﻟﺨﻄﺔ اﻟﺮﺋﻴﺴﻴﺔ ﻟﻠﺨﻠﻴﺞ‬ ‫اﻟﺘﺠﺎري ﺗﻬﺪف إﱃ ﺟﻌﻠﻪ أﻛﱪ ﻣﻨﻄﻘﺔ ﻟﻠﻤﻜﺎﺗﺐ اﻟﺘﺠﺎرﻳﺔ ﰲ اﻟﴩق‬ ‫اﻷوﺳﻂ‪ ،‬ﻣﻊ أﺑﺮاج ﺷﺎﻫﻘﺔ ﻣﻦ اﳌﺴﺎﺣﺎت اﳌﻜﺘﺒﻴﺔ واﻟﺸﻘﻖ اﻟﺴﻜﻨﻴﺔ‬ ‫اﻟﺘﻲ ﺳﺘﻜﻮن ﻋﲆ ﻏﺮار ﻛﻨﺎري وارف ﰲ ﻟﻨﺪن‪ .‬وﻛﺎن اﻟﺘﻄﻮر أﺣﺪ ﺗﻠﻚ‬ ‫اﳌﺸﺎرﻳﻊ اﻟﺘﻲ ﺗﴬرت ﺑﺸﺪة ﻣﻦ ﺟﺮاء اﻷزﻣﺔ اﳌﺎﻟﻴﺔ اﻟﻌﺎﳌﻴﺔ‪.‬‬

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‫فالوران للوساطة العقارية‬ ‫العدد ‪ - 24‬ديسمبر ‪2014‬‬

‫اﻟﻌﻘﺎري ﻣﻦ ﺿﻐﻮط ﻣﻨﺬ ﻳﻮم اﻷﺣﺪ اﳌﺎﴈ‪ ،‬واﻟﺬي ﻛﺎن آﺧﺮ ﻣﻮﻋﺪ‬ ‫ﻟﻠﺘﺄﻫﻞ إﱃ اﻷرﺑﺎح اﻟﺨﺎﺻﺔ اﻟﺘﻲ ﺗﺼﻞ ﻗﻴﻤﺘﻬﺎ إﱃ ‪ 1.257‬درﻫﻢ ﻟﻠﺴﻬﻢ‬ ‫اﻟﻮاﺣﺪ واﻟﺘﻲ ﺗﻢ ﻋﺮﺿﻬﺎ إﱃ اﻻﻛﺘﺘﺎب ﰲ أﻛﺘﻮﺑﺮ ﻣﻦ ﻗﺒﻞ ﴍﻛﺔ ﺗﺎﺑﻌﺔ‬ ‫ﻟﻠﻤﺠﻤﻮﻋﺔ‪ ،‬ﻣﺠﻤﻮﻋﺔ إﻋامر ﳌﺮاﻛﺰ اﻟﺘﺴﻮق‪.‬‬ ‫وﻛﺎن اﻹﻧﺘﻌﺎش اﳌﺒﻜﺮ اﻟﺬي ﺷﻬﺪﺗﻪ اﻟﺴﻮق ﺧﻼل اﻟﻴﻮم ﻧﺘﻴﺠﺔ اﺳﺘﻘﺮار‬ ‫أﺳﻌﺎر اﻟﻨﻔﻂ اﻟﺨﺎم‪ .‬وﻋﲆ اﳌﺆﴍ اﻷوﺳﻊ ﰲ ديب‪ ،‬واﻟﺬي ﻳﺘﻢ ﺗﺪاوﻟﻪ ﰲ‬ ‫اﻟﺒﻮرﺻﺔ وﻳﻀﻢ ‪ 33‬ﺳﻬامً‪ ،‬ﻇﻠﺖ أﺳﻬﻢ ﺧﻤﺲ ﴍﻛﺎت دون ﺗﻐﻴري‪ ،‬ﰲ‬ ‫ﺣني أن ﺗﺴﻊ ﴍﻛﺎت ﻗﺪ ﺷﻬﺪت اﻧﺨﻔﺎﺿﺎً‪.‬‬ ‫وأﻏﻠﻖ اﳌﺆﴍ اﻟﻌﺎم ﻟﺴﻮق أﺑﻮﻇﺒﻲ )‪ (ADX‬اﻟﻴﻮم ﻋﲆ اﻧﺨﻔﺎض‬ ‫ﺑﻨﺴﺒﺔ ‪ 0.77‬ﰲ اﳌﺌﺔ ﻟﻴﺼﻞ إﱃ ‪ .4،701.14‬وﺗﻢ ﺗﺪاول أﺳﻬﻢ ﺧﻤﺲ‬ ‫وﻋﴩﻳﻦ ﴍﻛﺔ ﻋﲆ ‪ ADX‬اﻟﻴﻮم‪ 3 ،‬ﻣﻨﻬﺎ ﺑﻘﻴﺖ ﻣﺴﺘﻘﺮة‪ ،‬وﺳﺠﻠﺖ ‪16‬‬ ‫ﴍﻛﺔ ارﺗﻔﺎﻋﺎً‪ ،‬ﺑﻴﻨام ﺷﻬﺪت ‪ 6‬ﴍﻛﺎت اﻧﺨﻔﺎﺿﺎً‪.‬‬

‫سوق اليخوت الفاخرة في دولة اإلمارات‬ ‫العربية المتحدة يحقق نموا ثابتا‬ ‫ﺳﻮق اﻟﻴﺨﻮت اﻟﻔﺎﺧﺮة ﰲ دوﻟﺔ اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة ﺷﻬﺪت‬ ‫اﻫﺘامﻣﺎً ﻣﺘﺰاﻳﺪا ً ﺧﻼل اﻟﻌﺎم اﳌﺎﴈ‪ ،‬ﻣﻊ ﻗﺪوم أﻛرث اﳌﺸﱰﻳﻦ ﻣﻦ أوروﺑﺎ‬ ‫وروﺳﻴﺎ واﻟﺨﻠﻴﺞ‪ .‬اﻟﻄﻠﺐ ﻋﲆ اﻟﻴﺨﻮت اﻟﻔﺎﺧﺮة‪ ،‬واﻟﺘﻲ ﺗﺸري إﱃ‬ ‫اﻟﻴﺨﻮت اﻟﺘﻲ ﻳﺰﻳﺪ ﻃﻮﻟﻬﺎ ﻋﻦ ‪ 30‬ﻣﱰا‪ ،‬ﻗﺪ منﺎ منﻮا ﻣﻄﺮدا‪ ،‬وأﻧﻪ ﻳﺸﻬﺪ‬ ‫ﻃﻔﺮة‪ .‬وﺗﺮﺟﻊ زﻳﺎدة اﻻﻫﺘامم ﺟﺰﺋﻴﺎ إﱃ اﻟﺘﺴﻌري اﳌﻌﻘﻮل ﻟﻠﻴﺨﻮت ﰲ‬ ‫اﻟﻮﻗﺖ اﻟﺤﺎﴐ ﻣﻘﺎرﻧﺔ ﺑﺎﻷﺳﻌﺎر ﻗﺒﻞ اﻷزﻣﺔ اﳌﺎﻟﻴﺔ ﻋﺎم ‪ .2008‬ﺣﺎﻟﻴﺎ‪،‬‬ ‫ﻳﺒﻠﻎ ﺳﻌﺮ اﻟﻴﺨﺖ اﻟﻔﺎﺧﺮ إﱃ ﺣﻮاﱄ ﻣﻠﻴﻮن ‪ 55.09‬ﻣﻠﻴﻮن درﻫﻢ )‪15‬‬ ‫ﻣﻠﻴﻮن دوﻻر(‪.‬‬ ‫ﻣﻊ اﻟﺘﺴﻌري اﻟﺠﺪﻳﺪ‪ ،‬ﻳﺠﺪ اﻟﺰﺑﺎﺋﻦ أن اﻟﻴﺨﻮت اﻟﺠﺪﻳﺪة أﻛرث ﺟﺎذﺑﻴﺔ‬ ‫ﺣﻴﺚ أن اﻷﺳﻌﺎر ﻟﻴﺴﺖ أﻋﲆ ﺑﻜﺜري ﻣﻦ اﻟﻴﺨﻮت اﳌﺴﺘﺨﺪﻣﺔ‪ .‬ﺟﺮﻳﺠﻮر‬ ‫ﺳﺘﻴرن‪ ،‬اﻟﺮﺋﻴﺲ اﻟﺘﻨﻔﻴﺬي ﻵرت ﻣﺎرﻳﻦ‪ ،‬ﻟﺒﻴﻊ اﻟﻴﺨﻮت وﻣﻘﺮﻫﺎ ﰲ دوﻟﺔ‬ ‫اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة‪ ،‬ذﻛﺮ أن ﺳﻮق اﻟﻴﺨﻮت اﳌﺴﺘﻌﻤﻠﺔ ﻗﺪ ﺗﺮاﺟﻊ‬ ‫ﻋﲆ ﻣﺪى اﻟﻌﺎﻣني اﳌﺎﺿﻴني ﺣﻴﺚ ﻗﺪ ﺗﻢ ﺑﻴﻊ أﻓﻀﻞ اﻟﻘﻮارب ﺑﺎﻟﻔﻌﻞ‪.‬‬ ‫وﻛﺎن ﺳﻮق اﻟﻘﻮارب اﳌﺴﺘﻌﻤﻠﺔ ﻛﺎن ﻗﻮﻳﺎ ﺟﺪا ﺑﻌﺪ اﻷزﻣﺔ اﳌﺎﻟﻴﺔ‬ ‫ﻣﺒﺎﴍة‪ ،‬ﻋﻨﺪﻣﺎ أراد أﺻﺤﺎﺑﻬﺎ ﺑﻴﻌﻬﺎ وﺗﺼﻔﻴﺔ أﺻﻮﻟﻬﺎ‪.‬‬ ‫وﻓﻘﺎ ﻟﻔﺮاﻧﺸﻴﺴﻜﻮ ﺑﻴﺘﺎ‪ ،‬اﻟﺮﺋﻴﺲ اﻟﺘﻨﻔﻴﺬي ﻟﴩﻛﺔ ﺧﺪﻣﺎت وﺳﺎﻃﺔ‬ ‫اﻟﻴﺨﻮت وﻣﻘﺮﻫﺎ ديب‪ SF،‬ﻟﻠﻴﺨﻮت‪ ،‬ﻓﺈن أرﻗﺎم ﻣﺒﻴﻌﺎت اﻟﻴﺨﻮت‬ ‫اﻟﻔﺎﺧﺮة ﰲ دوﻟﺔ اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة ﻫﺬا اﻟﻌﺎم ﻣﺸﺎﺑﻬﺔ ﺗﻘﺮﻳﺒﺎ‬

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‫إﱃ ﻣﺴﺘﻮﻳﺎت ﻣﺎ ﻗﺒﻞ اﻷزﻣﺔ اﳌﺎﻟﻴﺔ‪ .‬ﻣﻦ ﻧﺎﺣﻴﺔ أﺧﺮى‪ ،‬ﻳﺸﻌﺮ ﺳﺘﻴرن أﻧﻪ‬ ‫ﺳﻮف متﺮ ﻓﱰة ﻣﻦ اﻟﺰﻣﻦ ﻗﺒﻞ أن ﻳﺼﻞ اﻟﻄﻠﺐ إﱃ ﻫﺬا اﳌﺴﺘﻮى‪.‬‬ ‫ﺧﻼل ال ‪ 6‬أﺷﻬﺮ اﳌﺎﺿﻴﺔ‪ ،‬ﺑﺎﻋﺖ‪ SF‬ﻟﻠﻴﺨﻮت ﺛﻼﺛﺔ ﻳﺨﻮت ﻓﺎﺧﺮة إﱃ‬ ‫ﻋﻤﻼء ﻣﻦ ﻗﻄﺮ وديب واﳌﻤﻠﻜﺔ اﻟﻌﺮﺑﻴﺔ اﻟﺴﻌﻮدﻳﺔ‪ .‬وﺗﺠﺮي آرت ﻣﺎرﻳﻦ‬ ‫ﻣﺤﺎدﺛﺎت ﻣﻊ ‪ 12‬ﻣﺸﱰي‪ ،‬ﺑﻌﻀﻬﻢ ﻣﻦ روﺳﻴﺎ ودول ﻣﺠﻠﺲ اﻟﺘﻌﺎون‬ ‫اﻟﺨﻠﻴﺠﻲ ودول ﻋﺮﺑﻴﺔ أﺧﺮى‪ ،‬اﻟﻴﺨﻮت اﻟﺘﻲ ﻳﱰاوح ﻃﻮﻟﻬﺎ ﺑني ‪ 40‬ﻣﱰ‬ ‫و ‪ 90‬ﻣﱰ ﻳﺼﻞ ﺳﻌﺮﻫﺎ ﺑني ‪ 24‬ﻣﻠﻴﻮن و ‪ 90‬ﻣﻠﻴﻮن ﻳﻮرو‪ .‬وﺗﺘﻮﻗﻊ ﴍﻛﺔ‬ ‫ﺣﺮﰲ اﻟﺨﻠﻴﺞ ﻟﺘﺼﻨﻴﻊ اﻟﻴﺨﻮت واﻟﻘﻮارب وﻣﻘﺮﻫﺎ ﻋﺠامن زﻳﺎدة‬ ‫اﳌﺒﻴﻌﺎت ﺑﻨﺴﺒﺔ ‪ 15‬ﰲ اﳌﺌﺔ ﻣﻘﺎرﻧﺔ ﻣﻊ ﻋﺎم ‪.2013‬‬

‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫دبي العالمية تجري عملية إعادة هيكلة الديون‬ ‫ﺑﻌﺪ ﺻﻔﻘﺔ إﻋﺎدة اﻟﻬﻴﻜﻠﺔ ﺑﻘﻴﻤﻪ ‪ 25‬ﻣﻠﻴﺎر دوﻻر واﻟﺘﻲ دﺧﻠﺖ ﺣﻴﺰ‬ ‫اﻟﺘﻨﻔﻴﺬ ﰲ ﻋﺎم ‪ ،2011‬ﺗﺎﻣﻞ ديب اﻟﻌﺎﳌﻴﺔ واﻟﺘﻲ متﻠﻜﻬﺎ اﻟﺤﻜﻮﻣﺔ ﰲ‬ ‫اﻟﺘﻔﺎوض ﻋﲆ متﺪﻳﺪ ﺳﺪاد ‪ 10.5‬ﻣﻠﻴﺎر دوﻻر ﻣﺴﺘﺤﻘﺔ ﰲ ﻋﺎم ‪.2018‬‬ ‫وﺗﻘﺪم ديب اﻟﻌﺎﳌﻴﺔ ﻣﻘﱰﺣﺎت ﻹﻋﺎدة ﻫﻴﻜﻠﺔ اﻟﺪﻳﻮن ﻷﺣﺪ أﻛﱪ‬ ‫اﻟﺘﻜﺘﻼت ﻣﺪﻋﻮﻣﺔ ﻣﻦ ﻗﺒﻞ ﻣﺆﴍات إﻳﺠﺎﺑﻴﺔ ﻟﻼﻗﺘﺼﺎد‪ .‬ﻣﻊ ﻓﻮز اﻹﻣﺎرة‬ ‫ﺑﺎﺳﺘﻀﺎﻓﺔ ﻣﻌﺮض اﻛﺴﺒﻮ اﻟﻌﺎﳌﻰ ﻋﺎم ‪ ،2020‬ﻓﻐﻦ متﺪﻳﺪ اﺳﺘﺤﻘﺎق‬ ‫‪ 10.5‬ﻣﻠﻴﺎر دوﻻر ﺳﻮف ﻳﺴﺎﻋﺪ ﰲ اﻟﻘﻴﺎم ﺑﺎﺳﺘﺜامرات ﰲ ﻗﻄﺎع اﻟﻄريان‬ ‫ﻟﺘﻠﺒﻴﺔ ﻣﻄﺎﻟﺐ إﺿﺎﻓﻴﺔ ﳌﻌﺮض اﻛﺴﺒﻮ‪.‬‬ ‫ﻛﺠﺰء ﻣﻦ اﻗﱰاح إﻋﺎدة اﻟﻬﻴﻜﻠﺔ‪ ،‬ﺳﻮف ﺗﺘﻘﺪم ديب اﻟﻌﺎﳌﻴﺔ ﺑﻌﺮض‬ ‫اﻟﺴﺪاد اﳌﺒﻜﺮ ﻟﻘﻴﻤﺔ ‪ 4.5‬ﻣﻠﻴﺎر دوﻻر واﻟﺘﻲ ﺳﻮف ﺗﻜﻮن ﻣﺴﺘﺤﻘﺔ ﰲ‬ ‫ﻋﺎم ‪ ،2015‬ﰲ ﺣني ﺗﺄﺟﻴﻞ اﻟﻘﻴﻤﺔ اﳌﺴﺘﺤﻘﺔ ﰲ ﻋﺎم ‪ 2018‬ﺣﺘﻰ ﻋﺎم‬ ‫‪ .2022‬وﺳﻮف ﻳﺘﻢ ﻋﺮض رﺳﻮم إﺿﺎﻓﻴﺔ وأﺳﻌﺎر ﻓﺎﺋﺪة ﻣﺮﺗﻔﻌﺔ ﻋﲆ‬ ‫اﻟﺪاﺋﻨني ﻟﺘﺄﻛﻴﺪ ﻋﻤﻠﻴﺔ اﻟﺘﺄﺟﻴﻞ‪.‬‬ ‫وﻗﺪ ﺗﻢ ﺑﺎﻟﻔﻌﻞ ﻋﺮض اﻟﴩوط اﻟﺮﺋﻴﺴﻴﺔ ﻟﺤﺰﻣﺔ إﻋﺎدة اﻟﻬﻴﻜﻠﺔ واﻻﺗﻔﺎق‬ ‫ﻋﻠﻴﻬﺎ ﻣﻦ ﻗﺒﻞ ﻟﺠﻨﺔ اﳌﻘﺮﺿني اﻟﺮﺋﻴﺴﻴﺔ ﻟﺪيب اﻟﻌﺎﳌﻴﺔ‪ ،‬مبﺎ ﰲ ذﻟﻚ ﺑﻨﻚ‬ ‫أﺑﻮ ﻇﺒﻲ اﻟﺘﺠﺎري‪ ،‬ﺑﻨﻚ ديب اﻟﻮﻃﻨﻲ‪ HSBC ،‬وﺳﺘﺎﻧﺪرد ﺗﺸﺎرﺗﺮد‪ .‬وﻣﻊ‬ ‫ذﻟﻚ‪ ،‬ﻳﺤﺘﺎج اﻟﻌﺪﻳﺪ ﻣﻦ اﻟﺪاﺋﻨني اﻵﺧﺮﻳﻦ إﱃ اﻻﻗﻨﺎع ﻣﻦ أﺟﻞ ﺿامن‬ ‫اﻟﺘﺄﺟﻴﻞ‪ .‬ﺑﻴﻨام ﻛﺎﻧﺖ ﻣﺤﺎدﺛﺎت إﻋﺎدة اﻟﻬﻴﻜﻠﺔ ﺟﺎرﻳﺔ ﻣﻨﺬ أﺑﺮﻳﻞ‪ ،‬ﺑﻌﺾ‬ ‫اﻟﺒﻨﻮك ﺳﻌﺖ إﱃ رﻓﻊ اﻟﺮﺳﻮم وأﺳﻌﺎر اﻟﻔﺎﺋﺪة ﻛﺠﺰء ﻣﻦ اﻟﺤﺰﻣﺔ‪ .‬ﻣﻊ‬ ‫اﻟﺘﻮﻗﻌﺎت اﻻﻗﺘﺼﺎدﻳﺔ اﻹﻳﺠﺎﺑﻴﺔ‪ ،‬ﻳﺸﻌﺮ اﳌﴫﻓﻴﻮن ﺑﺄن اﳌﺰﻳﺪ ﻣﻦ‬ ‫اﳌﻘﺮﺿني ﻗﺪ ﻳﻜﻮﻧﻮن ﻋﲆ اﺳﺘﻌﺪاد ﻟﻘﺒﻮل اﺗﻔﺎق ﺟﺪﻳﺪ‪ ،‬ﻳﻜﻮن ﻋﺎدﻻً‬ ‫وﻣﻨﺼﻔﺎً‪.‬‬

‫أسواق األسهم في اإلمارات العربية المتحدة‪:‬‬ ‫مؤشر دبي يتراجع في أعقاب المكاسب‬ ‫األولية‬ ‫ﰲ ‪ 4‬دﻳﺴﻤﱪ‪ ،‬أﻏﻠﻖ ﻣﺆﴍ ديب اﻟﺬي ﺑﺪأ اﻟﻴﻮم ﻣﺤﻘﻘﺎً ﻣﻜﺎﺳﺐ‪ ،‬دون‬ ‫اﻟﻌﻼﻣﺔ‪ ،‬وﻳﺮﺟﻊ ذﻟﻚ أﺳﺎﺳﺎ إﱃ ﺗﺪاول أﺳﻬﻢ إﻋامر اﻟﻌﻘﺎرﻳﺔ‪ .‬ﰲ‬ ‫اﳌﻘﺎﺑﻞ‪ ،‬أﻧﻬﻰ ﻣﺆﴍ أﺑﻮ ﻇﺒﻲ اﻟﻴﻮم ﻋﲆ ارﺗﻔﺎع ﻋﻦ اﻟﻌﻼﻣﺔ اﻟﺴﺎﺑﻘﺔ‪.‬‬ ‫ﺑﻌﺪ أن ﺑﻠﻎ أﻋﲆ ﻣﺴﺘﻮى ‪ ،4،261.87‬وأﻏﻠﻖ اﳌﺆﴍ اﻟﻌﺎم ﻟﺴﻮق ديب‬ ‫اﳌﺎﱄ )‪ (DFM‬ﻋﻨﺪ ‪ ،4،171.15‬أي أﻗﻞ ﺑﻨﺴﺒﺔ ‪ 0.36‬ﰲ اﳌﺌﺔ‪ .‬وﻧﺘﺞ‬ ‫اﻻﻧﺨﻔﺎض ﻋﻦ ﺗﺮاﺟﻊ ﺳﻌﺮ ﺳﻬﻢ ﴍﻛﺔ إﻋامر اﻟﻌﻘﺎرﻳﺔ ﺑﻨﺴﺒﺔ ‪7.44٪‬‬ ‫ﻟﻴﺼﻞ إﱃ‪ 8.83‬درﻫﻢ ﻟﻠﺴﻬﻢ اﻟﻮاﺣﺪ‪ .‬ومتﺜﻞ أﺳﻬﻢ اﳌﻄﻮر اﻟﻌﻘﺎري‬ ‫ﺣﻮاﱄ ‪ 20‬ﰲ اﳌﺌﺔ ﻣﻦ ﻣﺆﴍ ﺳﻮق ديب اﳌﺎﱄ وﺳﺎﻫﻢ ﰲ أﻛرث ﻣﻦ ‪ 60‬ﰲ‬ ‫اﳌﺌﺔ ﻣﻦ أﺣﺠﺎم اﻟﺘﺪاول اﻟﻴﻮﻣﻲ‪.‬‬ ‫وﻗﺎل ﺳﻠﻴﻢ ﺧﻮﺧﺎر‪ ،‬رﺋﻴﺲ اﻷﺳﻬﻢ ﰲ ﺑﻨﻚ أﺑﻮﻇﺒﻲ اﻟﻮﻃﻨﻲ أن اﻟﻀﻐﻂ‬ ‫ﻋﲆ ﺳﻌﺮ ﺳﻬﻢ إﻋامر ﻛﺎن ﻣﻦ اﳌﺮﺟﺢ أن ﻳﻜﻮن ﻣﺆﻗﺘﺎ‪ ،‬وﻧﺠﻢ ﻋﻦ ﻗﻴﺎم‬ ‫ﺑﻌﺾ اﳌﺴﺘﺜﻤﺮﻳﻦ ﺑﺒﻴﻊ أرﺑﺎح اﻷﺳﻬﻢ‪ .‬وﻗﺪ ﻋﺎﻧﺖ أﺳﻬﻢ اﳌﻄﻮر‬

‫ﻣﻊ إﺳﻬﺎم ﻗﻄﺎﻋﺎت اﻟﺨﺪﻣﺎت‪ ،‬وﺧﺎﺻﺔ اﻟﺘﺠﺎرة واﻟﺴﻴﺎﺣﺔ واﻟﻨﻘﻞ‪ ،‬ﰲ‬ ‫اﻟﻨﻤﻮ اﻻﻗﺘﺼﺎدي ﰲ ديب ﻋﲆ ﻣﺪى اﻟﺴﻨﻮات اﻟﻘﻠﻴﻠﺔ اﳌﺎﺿﻴﺔ‪ ،‬ﻳﺸﻌﺮ‬ ‫ﺧﱪاء اﻻﻗﺘﺼﺎد أن اﻹﻣﺎرة ﰲ وﺿﻊ ميﻜﻨﻬﺎ ﻣﻦ ﺧﺪﻣﺔ اﻟﺪﻳﻮن اﻟﺤﺎﻟﻴﺔ‬ ‫واﻟﺘﻲ ﺗﻘﺪر ﻗﻴﻤﺘﻬﺎ ‪ 120‬ﻣﻠﻴﺎر دوﻻر‪ .‬ﻣﻊ ﺑﻴﻊ اﻟﺤﺪﻳﻘﺔ اﻟﻠﻮﺟﺴﺘﻴﺔ‬ ‫ﻟﻠﻤﻨﻄﻘﺔ اﻟﺤﺮة ﰲ ﺟﺒﻞ ﻋﲇ ﳌﺸﻐﻞ ﻣﻮاﻧﺊ ديب‪ ،‬ﻣﻮاﻧﺊ ديب اﻟﻌﺎﳌﻴﺔ‪،‬‬ ‫ﻣﻘﺎﺑﻞ ‪ 2.6‬ﻣﻠﻴﺎر دوﻻر‪ ،‬ﺗﻜﻮن ديب اﻟﻌﺎﳌﻴﺔ ﻗﺪ ﺣﺼﻠﺖ ﻋﲆ اﻷﻣﻮال‬ ‫اﻟﻼزﻣﺔ ﻟﻠﺴﺪاد اﳌﺒﻜﺮ ﻟﻌﺎم ‪ .2015‬وﺳﻮف ﻳﺆدي ﺗﺄﺟﻴﻞ اﺳﺘﺤﻘﺎق‬ ‫دﻳﻮن ‪ 2018‬إﱃ ﺗﺴﻬﻴﻞ اﺳﺘﺜامر ‪ 32‬ﻣﻠﻴﺎر دوﻻر ﻟﺘﻮﺳﻴﻊ ﻣﻄﺎر آل‬ ‫ﻣﻜﺘﻮم اﻟﺪوﱄ‪ ،‬ﻣﻄﺎر ديب اﻟﺜﺎين‪ ،‬واﻟﺬي ﺳﻮف ﻳﺴﺎﻋﺪ اﻹﻣﺎرة ﻟﺘﺤﻘﻴﻖ‬ ‫ﻫﺪﻓﻬﺎ ﰲ أن ﺗﺼﺒﺢ ﻣﺮﻛﺰ اﻟﻄريان اﻟﻌﺎﳌﻲ‪.‬‬

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‫فالوران للوساطة العقارية‬ ‫العدد ‪ - 24‬ديسمبر ‪2014‬‬

‫اجتاهات السوق‬ ‫آخر أخبار االقتصاد‬

‫‪ 6.5‬مليون درهم انفقت على مشاريع البنية‬ ‫التحتية في دولة اإلمارات العربية المتحدة‬ ‫وﻓﻘﺎ ﻟﺘﻘﺮﻳﺮ ﺻﺎدر ﻋﻦ وﻛﺎﻟﺔ اﻻﻧﺒﺎء اﻟﺮﺳﻤﻴﺔ‪ ،‬وام‪ ،‬ﻓﺈن اﻹﻣﺎرات‬ ‫اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة وﺟﻬﺖ أﻛرث ﻣﻦ ‪ 6.5‬ﻣﻠﻴﻮن درﻫﻢ إﱃ ﺣﻮاﱄ ‪ 125‬ﻣﻦ‬ ‫ﻣﺸﺎرﻳﻊ اﻟﺒﻨﻴﺔ اﻟﺘﺤﺘﻴﺔ اﻟﺘﻲ ﺗﻐﻄﻲ اﻟﻄﺮق اﻟﺠﺪﻳﺪة واﻟﺴﺪود واﳌﻮاﻧﺊ‬ ‫واﳌﺴﺘﺸﻔﻴﺎت‪ 50 .‬ﰲ اﳌﺌﺔ ﻣﻦ ﻫﺬه اﳌﺸﺎرﻳﻊ‪ ،‬ﺗﻢ ﺗﻨﻔﻴﺬﻫﺎ ﻣﻦ ﻗﺒﻞ‬ ‫ﻟﺠﻨﺔ ﻣﺒﺎدرات رﺋﻴﺲ اﻟﺪوﻟﺔ‪ ،‬وﺗﱰﻛﺰ ﺗﻘﺮﻳﺒﺎ ﻋﲆ ﺗﺤﺴني ﻣﺮاﻓﻖ ﺧﻄﻂ‬ ‫اﻟﺘﻨﻤﻴﺔ اﻹﺳﻜﺎﻧﻴﺔ‪.‬‬ ‫ﰲ ﻧﻬﺎﻳﺔ أﻛﺘﻮﺑﺮ ﻋﺎم ‪ ،2014‬ﺗﻢ ﺗﻨﻔﻴﺬ ﺣﻮاﱄ ‪ 7‬ﻣﺴﺘﺸﻔﻴﺎت وﺳﺪود‪4 ،‬‬ ‫ﻣﻮاﻧﺊ‪ 3 ،‬ﻣﺸﺎرﻳﻊ ﰲ ﻣﺠﺎل اﻟﻄﺎﻗﺔ واﳌﻴﺎه‪ ،‬و ‪ 3‬ﻣﺸﺎرﻳﻊ ﻟﻠﴫف‬ ‫اﻟﺼﺤﻲ و ‪ 3‬ﻣﺴﺎﺟﺪ‪ ،‬إﱃ ﺟﺎﻧﺐ إﻃﻼق ‪ 35‬ﻣﴩوﻋﺎً ﻟﻠﻄﺮق‪ .‬وﻳﺠﺮي‬ ‫ﺗﻄﻮﻳﺮ ﻣﺮاﻓﻖ اﻟﺒﻨﻴﺔ اﻟﺘﺤﺘﻴﺔ ﻣﻦ أﺟﻞ ﺗﺤﺴني اﻟﻈﺮوف اﳌﻌﻴﺸﻴﺔ‬ ‫ﻟﻺﻣﺎراﺗﻴني ﻣﻦ ﺧﻼل ﺗﻄﻮﻳﺮ ﺧﺪﻣﺎت اﻹﺳﻜﺎن واﳌﺮاﻓﻖ ذات اﻟﺼﻠﺔ ﰲ‬ ‫ﺟﻤﻴﻊ أﻧﺤﺎء اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة‪.‬‬

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‫عناوين أخرى في سطور‬ ‫΃ ﻓﺘﺢ ﻣﻨﺎﻗﺼﺔ ﻟﺘﻄﻮﻳﺮ ﺑﻮاﺑﺔ اﻟﻨﺨﻠﺔ ‪ -‬دﻋﺖ ﻧﺨﻴﻞ ﻟﺘﻘﺪﻳﻢ ﻋﻄﺎءات‬ ‫ﻟﺒﻨﺎء ﺑﻮاﺑﺔ اﻟﻨﺨﻠﺔ‪ ،‬وﻫﻮ ﻣﴩوع اﻟﻮاﺟﻬﺔ اﳌﺎﺋﻴﺔ وﻳﻀﻢ ﺛﻼﺛﺔ أﺑﺮاج‪،‬‬ ‫واﻟﺬي ﺳﻮف ﻳﻘﻊ ﺑﺎﻟﻘﺮب ﻣﻦ ﻣﺪﺧﻞ ﺑﺎمل ﺟﻤريا‪ .‬وﺳﻮف ﻳﺘﻢ ﺑﻨﺎء‬ ‫اﳌﴩوع ﻋﲆ ﺷﺎﻃﺊ اﻟﺒﺤﺮ ﻋﲆ ﻣﺴﺎﺣﺔ ‪ 506,818‬ﻣﱰ ﻣﺮﺑﻊ وﺳﻴﺘﻢ‬ ‫ﺑﻨﺎء ﻃﺎﺑﻖ ﺳﻔﲇ و ‪ 14‬ﻃﺎﺑﻖ ﻣﻦ ﻣﺤﻄﺔ ﻗﻄﺎر اﻟﻨﺨﻠﺔ اﻟﻜﻬﺮﺑﺎيئ اﻟﺘﻲ‬ ‫ﺗﻘﻊ ﻋﲆ ﺷﺎرع اﻟﺼﻔﻮح‪ .‬وﺳﻴﻀﻢ اﳌﴩوع أﻛرث ﻣﻦ ‪ 1،313‬ﻣﻦ اﻟﺸﻘﻖ‬ ‫واﻟﺪوﺑﻠﻜﺲ‪.‬‬ ‫΃ اﻟﺸﺎﻃﺊ اﻟﺠﺪﻳﺪ ﻹﺿﺎﻓﺔ ﻗﻴﻤﺔ إﱃ ﺑﺮج اﻟﻌﺮب – ﺑﺮج اﻟﻌﺮب‪ ،‬اﻟﺬي‬ ‫ﻳﺤﺘﻔﻞ ﺑﺎﻟﺬﻛﺮى ال‪ 15‬ﻟﻪ‪ ،‬ﻳﺒﺤﺚ ﻋﻦ إﻣﻜﺎﻧﻴﺔ ﺗﻄﻮﻳﺮ ﺷﺎﻃﺊ ﺧﺎص‬ ‫ﺟﺪﻳﺪ ميﺘﺪ إﱃ ﻣﻴﺎه اﻟﺨﻠﻴﺞ‪ .‬اﻟﻔﻨﺪق اﻟﺸﻬري‪ ،‬اﻟﺬي ﻳﻨﺘﻤﻲ إﱃ ﻣﺠﻤﻮﻋﺔ‬ ‫ﺟﻤريا‪ ،‬ﻫﻮ واﺣﺪ ﻣﻦ ﻣﻌﺎمل ديب‪ .‬وﻣﻊ ذﻟﻚ‪ ،‬ﰲ اﻟﻮﻗﺖ اﻟﺤﺎﴐ‪ ،‬اﻟﺸﺎﻃﺊ‬ ‫اﻟﺨﺎص اﻟﻮﺣﻴﺪ اﻟﺬي ميﻜﻦ ﻟﻠﻨﺰﻻء اﻟﻮﺻﻮل إﻟﻴﻪ‪ ،‬ﻳﻘﻊ ﺑني ﻓﻨﺪق ﺟﻤريا‬ ‫ﺑﻴﺘﺶ وﻣﺪﻳﻨﺔ ﺟﻤريا‪ .‬وميﻜﻦ اﻟﻮﺻﻮل إﻟﻴﻪ ﻓﻘﻂ ﺑﻌﺪ ﻋﺒﻮر ﺟﴪ اﱃ‬ ‫اﻟﱪ اﻟﺮﺋﻴﴗ‪ .‬إذا ﺗﺤﻘﻘﺖ ﺧﻄﻂ ﺗﻄﻮﻳﺮ اﻟﺸﺎﻃﺊ‪ ،‬ﻓﺈن اﻟﺸﺎﻃﺊ ﺳﻮف‬ ‫ﻳﺮﺑﻂ ﺛﻼﺛﺔ ﻣﺸﺎرﻳﻊ رﺋﻴﺴﻴﺔ ﳌﺠﻤﻮﻋﺔ ﺟﻤريا‪.‬‬

‫] ‪Sale Price [ USD/SQF‬‬

‫] ‪Rental Price [ USD/SQF‬‬ ‫‪4‬‬ ‫‪3‬‬

‫– ‪Nov. 2014: Dubai‬‬ ‫‪USD 2.35/SQF‬‬ ‫‪ ‬‬

‫‪2‬‬

‫– ‪Nov. 2014: Abu Dhabi‬‬ ‫‪USD 2.18/SQF‬‬

‫‪2014‬‬ ‫‪reidin.com‬‬

‫‪2010‬‬ ‫‪Abu Dhabi‬‬

‫‪2005‬‬ ‫‪Dubai‬‬

‫‪750‬‬ ‫‪500‬‬

‫– ‪Nov. 2014: Dubai‬‬ ‫‪USD 405/SQF‬‬

‫‪250‬‬

‫– ‪Nov. 2014: Abu Dhabi‬‬ ‫‪USD 382/SQF‬‬

‫‪1‬‬

‫‪2010‬‬ ‫‪reiding.com‬‬

‫‪Abu Dhabi‬‬

‫‪0‬‬

‫‪2005‬‬ ‫‪Dubai‬‬

‫‪5‬‬

‫فالوران للوساطة العقارية‬ ‫العدد ‪ - 24‬ديسمبر ‪2014‬‬

‫أبوظبي‪ :‬الطلب على المساحات المكتبية‬ ‫ينمو مع التوسع االقتصادي‬ ‫وﻓﻘﺎ ﻟﺘﻘﺮﻳﺮ ﺻﺪر ﻣﺆﺧﺮا ﻋﻦ ﻛﻼﺗﻮﻧﺰ‪ ،‬ﻧﻈﺮا ً ﻟﻠﻨﻤﻮ اﻻﻗﺘﺼﺎدي اﳌﺴﺠﻞ‬ ‫ﰲ ﻣﺨﺘﻠﻒ اﻟﻘﻄﺎﻋﺎت اﻟﻬﺎﻣﺔ ﻣﺜﻞ اﻟﺘﻌﻠﻴﻢ واﻟﺮﻋﺎﻳﺔ اﻟﺼﺤﻴﺔ واﻟﻄريان‪،‬‬ ‫ﺑﺎﻹﺿﺎﻓﺔ إﱃ اﻷداء اﻹﻳﺠﺎيب ﻟﻘﻄﺎع اﻟﻨﻔﻂ واﻟﻐﺎز‪ ،‬ﺗﺸﻬﺪ أﺑﻮﻇﺒﻲ زﻳﺎدة‬ ‫ﰲ اﻟﻄﻠﺐ ﻋﲆ اﳌﻜﺎﺗﺐ واﳌﺴﺎﺣﺎت اﻟﺼﻨﺎﻋﻴﺔ‪.‬‬ ‫وأﻇﻬﺮاﻟﺘﻘﺮﻳﺮ اﻟﺼﺎدر ﻋﻦ ﻛﻼﺗﻮﻧﺰ أن اﳌﺴﺎﺣﺎت اﳌﻜﺘﺒﻴﺔ اﳌﺘﻤﻴﺰة‬ ‫واﳌﺴﺎﺣﺎت ﻣﻦ اﻟﻔﺌﺔ أ ﰲ اﻹﻣﺎرة ﻇﻠﺖ ﰲ ﺣﺎﻟﺔ اﺳﺘﻘﺮار وﻳﺮﺟﻊ ذﻟﻚ‬ ‫إﱃ اﻻﻫﺘامم اﳌﺴﺘﻤﺮ ﻣﻦ اﳌﺴﺘﺄﺟﺮﻳﻦ اﻟﺬﻳﻦ ﻳﻌﺘﻘﺪون أن اﳌﻌﺪﻻت‬ ‫اﻟﺤﺎﻟﻴﺔ اﻟﺘﻲ ﺗﱰاوح ﺑني ‪ 1,580‬إﱃ ‪ 2,000‬درﻫﻢ ﻟﻠﻤﱰ اﳌﺮﺑﻊ ﻫﻲ‬ ‫اﻟﻘﻴﻤﺔ اﻟﻌﺎدﻟﺔ ﻹﻳﺠﺎرات اﻟﻄﺒﻘﺔ اﻟﻌﻠﻴﺎ‪ .‬ووﻓﻘﺎ ﻟﻠﺘﻘﺮﻳﺮ‪ ،‬ﻓﺈن اﳌﺴﺎﺣﺎت‬ ‫اﳌﻜﺘﺒﻴﺔ ﻣﻦ اﻟﻔﺌﺔ أ ﰲ أﺑﻮﻇﺒﻲ ﺗﻌﻤﻞ ﺣﺎﻟﻴﺎ ﻋﲆ ﻣﻘﺮﺑﺔ ﻣﻦ ﺗﺤﻘﻴﻖ‬ ‫ﻧﺴﺒﺔ اﻹﺷﻐﺎل اﻟﻜﺎﻣﻞ‪ ،‬ودون أي اﻣﺪادات ﻛﱪى ﺟﺪﻳﺪة ﻣﺴﺘﻘﺒﻠﻴﺔ‪،‬‬ ‫ﻟﺬﻟﻚ ﻓﺈﻧﻚ ﻣﺴﺘﺄﺟﺮي اﳌﻜﺎﺗﺐ ﻟﻴﺲ ﻟﺪﻳﻬﻢ ﺧﻴﺎر ﺳﻮى اﻟﻨﻈﺮ إﱃ‬ ‫ﻗﻄﺎﻋﺎت ﺑﺪﻳﻠﺔ ﰲ ﺳﻮق اﳌﻜﺎﺗﺐ ﰲ اﻹﻣﺎرة‪ .‬وﻧﺘﻴﺠﺔ ﻟﺬﻟﻚ‪ ،‬اﻧﺨﻔﺾ‬ ‫اﻟﻄﻠﺐ داﺧﻞ اﻷﺳﻮاق اﻟﺜﺎﻧﻮﻳﺔ واﻟﺜﺎﻟﺜﻴﺔ ﻣﻊ وﺟﻮد ﺑﻌﺾ اﳌﺴﺎﺣﺎت ﰲ‬ ‫ﻫﺬه اﻟﻘﻄﺎﻋﺎت ﻗﺪ ﺣﻘﻘﺖ ارﺗﻔﺎﻋﺎ ﰲ اﻹﻳﺠﺎرات ﻷول ﻣﺮة ﺧﻼل ﻓﱰة‬ ‫اﻟﻌﺎم وﻧﺼﻒ‪ .‬وارﺗﻔﻌﺖ اﻹﻳﺠﺎرات ﰲ ﴍﻳﺤﺔ اﻟﻌﻘﺎرات اﳌﻜﺘﺒﻴﺔ‬ ‫اﻟﺜﺎﻧﻮﻳﺔ ﺑﻨﺴﺒﺔ ‪ 8٪‬ﻟﺘﺼﻞ إﱃ‪ 1,300‬درﻫﻢ ﻟﻠﻤﱰ اﳌﺮﺑﻊ اﻟﻮاﺣﺪ‪ ،‬ﰲ ﺣني‬ ‫ارﺗﻔﻌﺖ اﻹﻳﺠﺎرات اﻟﺜﺎﻟﺜﺔ ﺑﻨﺴﺒﺔ ‪ 13‬ﰲ اﳌﺌﺔ ﻟﺘﻘﱰب ﻣﻦ ‪ 900‬درﻫﻢ‬ ‫ﻟﻠﻤﱰ اﳌﺮﺑﻊ اﻟﻮاﺣﺪ‪.‬‬ ‫وﻳﺘﺠﻪ اﻟﺴﻮق ﻧﺤﻮ ﻫﻴﻜﻞ ﺛﻨﺎيئ‪ ،‬وﺧﺎﺻﺔ ﰲ ﻣﻨﺎﻃﻖ اﳌﻜﺎﺗﺐ اﻟﺮﺋﻴﺴﻴﺔ‬ ‫ﰲ أﺑﻮ ﻇﺒﻲ ﻣﺜﻞ ﺷﺎرع اﻟﻜﱰا‪ ،‬ﺷﺎرع ﺧﻠﻴﻔﺔ وﺷﺎرع اﻟﺨﺎﻟﺪﻳﺔ‪ ،‬ﺣﻴﺚ‬ ‫ﻳﻮﺟﺪ ﻣﺨﺰون ﺛﺎﻧﻮي وﺛﺎﻟﺜﻲ ﺑﺎﻟﻘﺮب ﻣﻨﻬﺎ‪ ،‬ﻣام ﻳﻌﺪ ﺑﺪﻳﻼً ﳌﺴﺘﺄﺟﺮي‬ ‫اﳌﻜﺎﺗﺐ اﻟﺬﻳﻦ ﻳﻮاﺟﻬﻮن ﻧﻘﺼﺎً ﰲ أﳌﺴﺎﺣﺎت اﳌﻜﺘﺒﻴﺔ ﻣﻦ اﻟﻔﺌﺔ أ‪.‬‬ ‫اﳌﺴﺎﺣﺎت اﻟﺜﺎﻧﻮﻳﺔ واﻟﺜﺎﻟﺜﻴﺔ اﻟﺘﻲ ﻳﺘﻢ اﻟﺤﻔﺎظ ﻋﻠﻴﻬﺎ‪ ،‬واﻟﺘﻲ ﺗﻘﺪم‬ ‫ﻣﺮاﻓﻖ ﻣﺜﻞ أﻣﺎﻛﻦ ﻛﺎﻓﻴﺔ ﻟﻮﻗﻮف اﻟﺴﻴﺎرات وﺧﺪﻣﺎت إدارة اﻟﻌﻘﺎرات‬ ‫اﻟﺘﻲ ميﻜﻦ اﻻﻋﺘامد ﻋﻠﻴﻬﺎ‪ ،‬ﰲ ﻫﺬه اﳌﻨﺎﻃﻖ ﺗﺸﻬﺪ زﻳﺎدة ﰲ اﻹﻳﺠﺎرات‪.‬‬

‫برج ‪ :2020‬إعالن قاب قوسين أو أدنى‬ ‫ﰲ ﻏﻀﻮن ﺑﻀﻌﺔ أﺳﺎﺑﻴﻊ‪ ،‬ﺳﻮف ﻳﺘﻢ اﻹﻋﻼن ﻋﻦ اﻟﺘﺼﻤﻴﻢ اﻟﻔﺎﺋﺰ ﻟﱪج‬ ‫‪ - 2020‬أﻃﻮل ﺑﺮج ﺗﺠﺎري ﰲ اﻟﻌﺎمل‪ .‬ﻻ ﺗﺰال اﳌﻨﺎﻓﺴﺔ ﻗﺎمئﺔ ﰲ اﻟﻮﻗﺖ‬ ‫اﻟﺤﺎﴐ وﻳﺠﺮي اﺳﺘﻌﺮاض اﻟﻌﻄﺎءات ﻟﻠﺘﺼﻤﻴﻢ اﻟﻨﻬﺎيئ‪ .‬وﻗﺎل ﻣﺪﻳﺮ‬ ‫اﳌﻨﻄﻘﺔ اﻟﺤﺮة ﰲ ديب ﻟﻠﺴﻠﻊ اﳌﺘﻌﺪدة‪ ،‬ﻛﺮﻳﺴﺘﺎ ﻓﻮﻛﺲ‪ ،‬أن اﻟﺘﻔﺎﺻﻴﻞ‬ ‫اﳌﺘﻌﻠﻘﺔ ﺑﺎﻻرﺗﻔﺎع اﻟﻨﻬﺎيئ ﻟﻠﱪج ﺳﻴﺘﻢ اﻟﻜﺸﻒ ﻋﻨﻬﺎ مبﺠﺮد اﺧﺘﺘﺎم‬ ‫اﳌﻨﺎﻓﺴﺔ‪.‬‬ ‫اﳌﻨﻄﻘﺔ اﻟﺤﺮة ‪ DMCC‬ﻫﻲ اﳌﻄﻮر اﻟﺮﺋﻴﴘ ﳌﻨﻄﻘﺔ ﺑﺮج ‪ 2020‬واﻟﺘﻲ‬ ‫ميﺜﻞ اﻟﱪج ﻣﺤﻮرﻫﺎ‪ .‬وﺳﻮف ﺗﻐﻄﻲ اﳌﻨﻄﻘﺔ ﻣﺴﺎﺣﺔ ‪ 107،000‬ﻣﱰ‬ ‫ﻣﺮﺑﻊ وﺗﻀﻴﻒ إﻣﺪادات ﺟﺪﻳﺪة ﻛﺒرية ﻟﻠﻤﺴﺎﺣﺎت اﳌﻜﺘﺒﻴﺔ ﰲ ديب ﻋﲆ‬ ‫اﳌﺪى اﳌﺘﻮﺳﻂ‪.‬‬ ‫ﺣﺎﻟﻴﺎ‪ ،‬ﻃﻮﻛﻴﻮ ﺳﻜﺎي ﺗﺮي‪ ،‬اﻟﺘﻲ ﺗﻜﻠﻔﺖ أﻛرث ﻣﻦ ‪ 800‬ﻣﻠﻴﻮن دوﻻر‬ ‫ﻟﺒﻨﺎﺋﻬﺎ ﻋﻨﺪ اﻛﺘامﻟﻬﺎ ﰲ ﻋﺎم ‪ ،2010‬وﻫﻮ أﻃﻮل ﺑﺮج ﻟﻠﻤﻜﺎﺗﺐ ﻋﲆ‬ ‫ارﺗﻔﺎع ‪ 634‬ﻣﱰ‪ .‬وﻳﺤﺘﻞ ﺗﺎﻳﺒﻴﻪ ‪ 101‬اﳌﺮﻛﺰ اﻟﺜﺎين ﺑﺎرﺗﻔﺎع ‪ 509‬ﻣﱰ‪.‬‬ ‫وﻗﺪ اﺳﺘﻠﻬﻤﺖ رؤﻳﺔ ‪ DMCC‬ﻟﺒﻨﺎء أﻃﻮل ﺑﺮج ﰲ اﻟﻌﺎمل ﺑﺎﻹﻋﻼن ﻋﻦ‬ ‫ﻓﻮز ديب ﺑﺎﺳﺘﻀﺎﻓﺔ ﻣﻌﺮض اﻛﺴﺒﻮ اﻟﻌﺎﳌﻰ ﻋﺎم ‪ .2020‬ﺑﺮج ‪2020‬‬ ‫ﺳﻴﻜﻮن رﻳﺸﺔ أﺧﺮى ﰲ ﻗﺒﻌﺔ ‪ DMCC‬اﻟﺘﻲ ﺑﻨﻴﺖ ﺑﺎﻟﻔﻌﻞ ومتﻠﻚ ﺑﺮج‬ ‫اﳌﺎس ﰲ أﺑﺮاج ﺑﺤرية اﻟﺠﻤريا‪ ،‬واﳌﺼﻨﻒ ﺣﺎﻟﻴﺎً ﺑﺄﻧﻪ اﻟﺒﻨﺎء رﻗﻢ ‪14‬‬ ‫اﻷﻃﻮل ﰲ اﻟﻌﺎمل ﻟﻠﻤﺴﺎﺣﺎت اﳌﻜﺘﺒﻴﺔ ﺑﺎرﺗﻔﺎع ‪ 363‬ﻣﱰ‪.‬‬

‫أبوظبي‪ :‬جاري التمويل ألكبر مول في اإلمارة‬ ‫ﻣﻦ أﺟﻞ اﻟﻌﻤﻞ ﻋﲆ ﺗﻠﺒﻴﺔ اﻟﻄﻠﺐ اﳌﺘﺰاﻳﺪ ﳌﺴﺎﺣﺎت اﻟﺘﺠﺰﺋﺔ ﰲ إﻣﺎرة‬ ‫أﺑﻮﻇﺒﻲ‪ ،‬اﻟﺘﻲ ﺷﻬﺪت ﺑﺎﻟﻔﻌﻞ اﻓﺘﺘﺎح اﺛﻨني ﻣﻦ ﻣﺮاﻛﺰ اﻟﺘﺴﻮق ﺧﻼل‬ ‫اﻟﻌﺎم اﳌﺎﴈ‪ ،‬ﺗﺤﺎول اﻵن اﻟﻮﺻﻮل إﱃ ﺑﺮﻳﻖ ﺟﺎرﺗﻬﺎ ‪ ،‬ديب‪ .‬ﺗﻘﻮم ﴍﻛﺔ‬ ‫اﻟﺘﻄﻮﻳﺮ واﻻﺳﺘﺜامر اﻟﺴﻴﺎﺣﻲ ﰲ أﺑﻮﻇﺒﻲ )‪ (TDIC‬ﺑﺠﻤﻊ اﻟﺘﻤﻮﻳﻞ‬ ‫ﻟﺒﻨﺎء أﻛﱪ ﻣﺮﻛﺰ ﺗﺴﻮق ﰲ اﻹﻣﺎرة‪.‬‬ ‫متﻮﻳﻞ اﳌﴩوع اﻟﺠﺪﻳﺪ‪ ،‬وﻫﻮ ﻣﺎ ﻳﺴﻤﻰ اﳌﻨﻄﻘﺔ‪ ،‬ﻣﻦ اﳌﺘﻮﻗﻊ أن ﻳﺘﻢ‬ ‫اﻻﻧﺘﻬﺎء ﻣﻨﻪ ﰲ ﻧﻬﺎﻳﺔ ﺷﻬﺮ ﻳﻨﺎﻳﺮ ﻣﻦ ﻋﺎم ‪ ،2015‬ﻋﲆ أن ﻳﺒﺪأ اﻟﻌﻤﻞ‬ ‫ﻓﻴﻪ ﺑﺤﻠﻮل ﻣﺎرس أو أﺑﺮﻳﻞ‪ .‬وﺳﻮف ﺗﻘﻮم ‪ TDIC‬ﺑﺘﻄﻮﻳﺮ اﳌﻨﻄﻘﺔ‬ ‫ﺟﻨﺒﺎ إﱃ ﺟﻨﺐ ﻣﻊ ‪ L‬ﻟﻠﻌﻘﺎرات‪ ،‬واﻟﺬي ﻳﺮﻋﺎه ﺻﻨﺪوق اﻟﺘﻄﻮﻳﺮ‬ ‫واﻻﺳﺘﺜامر اﻟﻌﻘﺎري اﻟﺪوﱄ ‪.LVMH‬‬

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‫الشهر املاضي في ملحة‬

‫دبي‪ :‬إيجارات الشقق ترتفع بشكل أسرع من‬ ‫إيجارات الفيالت‬ ‫أﻇﻬﺮت ﺑﻴﺎﻧﺎت ﻣﻦ ‪ Reidin.com‬أن اﻹﻳﺠﺎرات اﻟﺴﻜﻨﻴﺔ ﰲ ديب ﻗﺪ‬ ‫ارﺗﻔﻌﺖ ﺑﺸﻜﻞ ﻃﻔﻴﻒ ﺧﻼل ﺷﻬﺮ أﻛﺘﻮﺑﺮ‪ .‬وﻣﻊ ذﻟﻚ‪ ،‬ﻛﺎن ارﺗﻔﺎع‬ ‫اﻻﻳﺠﺎرات ﺑﻨﺴﺒﺔ ‪ 18‬ﰲ اﳌﺌﺔ ﻣﻘﺎرﻧﺔ ﺑﺎﻟﻔﱰة ﻧﻔﺴﻬﺎ ﻣﻦ اﻟﻌﺎم اﳌﺎﴈ‪.‬‬ ‫وارﺗﻔﻌﺖ أﺳﻌﺎر اﻹﻳﺠﺎرات ﻟﻠﺸﻘﻖ ﺑﻨﺴﺒﺔ ‪ 0.43‬ﰲ اﳌﺌﺔ ﻋﻦ اﻟﺸﻬﺮ‬ ‫اﻟﺴﺎﺑﻖ‪ ،‬ﰲ ﺣني أن اﻟﻨﻤﻮ ﻋﲆ اﺳﺎس ﺳﻨﻮى ﻹﻳﺠﺎرات اﻟﺸﻘﻖ ﻛﺎن‬ ‫‪ 20.2‬ﰲ اﳌﺌﺔ‪ .‬ﰲ اﳌﻘﺎﺑﻞ‪ ،‬ارﺗﻔﻌﺖ اﻳﺠﺎرات اﻟﻔﻴﻼت ﺑﻨﺴﺒﺔ ‪ 0.29‬ﰲ‬ ‫اﳌﺌﺔ ﻋﲆ اﺳﺎس ﺷﻬﺮي وﺳﺠﻠﺖ ارﺗﻔﺎﻋﺎ ‪ 6.6‬ﰲ اﳌﺌﺔ ﻓﻘﻂ ﰲ اﻟﻌﺎم‬ ‫ﻋﲆ اﺳﺎس ﺳﻨﻮى‪ .‬وﰲ اﻟﻌﻤﻮم‪ ،‬ارﺗﻔﻌﺖ اﻹﻳﺠﺎرات اﻟﺴﻜﻨﻴﺔ ﺑﻨﺴﺒﺔ‬ ‫‪ 0.41٪‬ﰲ أﻛﺘﻮﺑﺮ‪ ،‬ﻣﻊ ﻣﻌﺪل ارﺗﻔﺎع ﺳﻨﻮي ﻗﺪره ‪ 17.8‬ﰲ اﳌﺌﺔ‪.‬‬ ‫ﻣﻦ ﺣﻴﺚ اﳌﺒﻴﻌﺎت‪ ،‬ارﺗﻔﻌﺖ اﻷﺳﻌﺎر ﻋﻤﻮﻣﺎ ﺑﻨﺴﺒﺔ ‪ 0.54‬ﰲ أﻛﺘﻮﺑﺮ‪،‬‬ ‫ﻣﺴﺠﻠﺔ منﻮا ﰲ اﻟﻌﺎم ﻋﲆ اﺳﺎس ﺳﻨﻮى ﻧﺴﺒﺘﻪ ‪ 24.2‬ﰲ اﳌﺌﺔ‪ .‬وارﺗﻔﻌﺖ‬ ‫أﺳﻌﺎر ﻣﺒﻴﻌﺎت اﻟﻔﻴﻼت واﻟﺸﻘﻖ ﺑﻨﺴﺒﺔ ‪ 0.70‬ﰲ اﳌﺌﺔ و ‪ 0.50‬ﰲ اﳌﺌﺔ‬ ‫ﻋﲆ اﻟﺘﻮاﱄ ﻋﲆ أﺳﺎس ﺷﻬﺮي‪ .‬وﺳﺠﻠﺖ أﺳﻌﺎر ﺑﻴﻊ اﻟﻔﻴﻼت زﻳﺎدة ﻋﲆ‬

‫اﺳﺎس ﺳﻨﻮى ‪ 14.4‬ﰲ اﳌﺌﺔ‪ .‬وﻛﺎﻧﺖ اﻟﺰﻳﺎدة اﳌﻘﺎﺑﻠﺔ ﰲ أﺳﻌﺎر ﻣﺒﻴﻌﺎت‬ ‫اﻟﺸﻘﻖ ‪ 26.9‬ﰲ اﳌﺌﺔ‪.‬‬ ‫ﰲ ﺣني ارﺗﻔﻌﺖ اﻹﻳﺠﺎرات ﺑﺸﻜﻞ ﻫﺎﻣﴚ‪ ،‬ﻣﻊ ﺑﻘﺎء ﻣﻌﺪﻻت اﻹﻳﺠﺎرات‬ ‫ﻛام ﻫﻲ‪ ،‬مل ﻳﻘﻢ اﳌﻼك ﺑﺰﻳﺎدات ﻏري واﻗﻌﻴﺔ‪ .‬ﺣﻴﺚ ميﻜﻦ ﻟﻠﻤﺴﺘﺄﺟﺮﻳﻦ‬ ‫اﻟﻮﺻﻮل إﱃ ﻣﺮﻛﺰ ﺗﺴﻮﻳﺔ اﳌﻨﺎزﻋﺎت اﻻﻳﺠﺎرﻳﺔ اﻟﺘﺎﺑﻊ ﻟﺪاﺋﺮة اﻷراﴈ‬ ‫واﻷﻣﻼك ﰲ ﺣﺎل وﺟﻮد أي زﻳﺎدات إﻳﺠﺎرﻳﺔ ﺗﺘﺠﺎوز اﳌﻌﺪل اﳌﺤﺪد‪.‬‬ ‫ووﻓﻘﺎ ﻻﺳﺘﻄﻼع ﻟﻠﺮأي أﺟﺮﺗﻪ اﻹﻣﺎرات ‪ ،24/7‬ﻓﺈن ﺣﻮاﱄ ‪ 75‬ﰲ اﳌﺌﺔ‬ ‫ﻣﻦ اﳌﺴﺘﺄﺟﺮﻳﻦ ﻳﺨﻄﻄﻮن إﱃ ﺗﺮك ﻣﻨﺎزﻟﻬﻢ اﳌﺴﺘﺄﺟﺮة ﰲ وﻗﺖ ﺗﺠﺪﻳﺪ‬ ‫ﻋﻘﺪ اﻹﻳﺠﺎر‪ ،‬ﻧﻈﺮا ﻻرﺗﻔﺎع اﻹﻳﺠﺎرات‪ .‬وﻣﻊ ذﻟﻚ‪ ،‬ذﻛﺮ ﺗﻘﺮﻳﺮا ﻟﻠﴩﻛﺔ‬ ‫اﻟﻌﻘﺎرﻳﺔ اﻟﺘﺎﺑﻌﺔ ﻟﺒﻨﻚ أﺑﻮ ﻇﺒﻲ اﻹﺳﻼﻣﻲ‪ MPM ،‬اﻟﻌﻘﺎرﻳﺔ‪ ،‬أن‬ ‫اﻹﻳﺠﺎرات ﰲ اﳌﻨﺎﻃﻖ اﻟﺮاﻗﻴﺔ ﰲ ديب ﻗﺪ اﻧﺨﻔﻀﺖ ﺑﺴﺒﺐ اﻟﻄﻠﺐ‬ ‫اﳌﺘﺰاﻳﺪ ﻟﻠﻤﺴﺘﺄﺟﺮﻳﻦ ﻋﲆ اﳌﻮاﻗﻊ اﻷﻗﻞ رﻗﻴﺎً ﰲ اﻹﻣﺎرة واﻟﺘﻲ ﺗﻜﻮن‬ ‫أﺳﻌﺎرﻫﺎ ﻣﻌﻘﻮﻟﺔ‪.‬‬ ‫‪3‬‬

HAPPY NEW YEAR 2014 Valoran Real Estate Brokers

‫الشهر املاضي في حملة‬

‫دبي‪ :‬إيجارات الشقق ترتفع بشكل أسرع من إيجارات الفيالت‬ ‫أبوظبي‪ :‬الطلب على املساحات املكتبية ينمو مع التوسع االقتصادي‬ ‫برج ‪ :2020‬إعالن قاب قوسني أو أدنى‬ ‫األخبار العقارية العاملية‬

‫أسعار العقارات املتميزة خارج لندن تشهد زيادة قدرها ‪38٪‬‬ ‫الواليات املتحدة‪ :‬نقص في العقارات منخفضة األسعار في سوق العقارات السكنية‬ ‫منط احلياة‬

‫أول ساعة من الذهب عيار ‪ 24‬قيراط في العالم من بولوفا‬ ‫سينما برميا تقدم عرضا ً خاصا ً لألفالم التي تعرض ألول مرة‬

‫العدد ‪ - 24‬ديسمبر ‪2014‬‬

‫جزر الكاريبي‬

‫األسواقالعاملية‬

‫آخر أخبار االقتصاد‬

‫‪ 6.5‬مليون درهم انفقت على مشاريع البنية التحتية في دولة اإلمارات العربية املتحدة‬ ‫دبي العاملية جتري عملية إعادة هيكلة الديون‬ ‫أسواق األسهم في اإلمارات العربية املتحدة‪ :‬مؤشر دبي يتراجع في أعقاب املكاسب األولية‬ ‫سوق اليخوت الفاخرة في دولة اإلمارات العربية املتحدة يحقق منوا ثابتا‬ ‫التملك احلر للعقارات في دبي‬

‫اخلليج التجاري‬ ‫األسواق العاملية‬

‫أسواق العقارات الدولية‪ :‬جزر الكاريبي‬ ‫االستثمار العقاري‬

‫الدرس ‪ :22‬تخطيط استراتيجيات بيع عقارك‬

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‫‪Prepared by: Alpha & Beta FZE‬‬