October 2014 - eZine

Last Month at a Glance

27 Projects Worth Dh40 Billion Announced at Cityscape Global Business Bay a Top Pick Among Global Investors Dubai Rent Trends Show Slight Shift in Momentum International Real Estate News

Existing Homes in Miami Affected by Demand for New Construction Research shows that London is the Most Expensive City to Live In Lifestyle

New Speedy Princess 30M from Princess Yachts Hennessey Venom F5 Coming Soon Issue No. 22 - Oct 2014

Singapore

International property market

Latest From the Economy

UAE-United States Bilateral Trade at Dh98.7 billion in 2013 Analysts Say UAE Second Market for Private Companies Will Pave the Way for More IPOs S&P Estimates UAE Bank Credit Growth of 8 to 9 per cent in 2014-15 UAE Ranked Third for Infrastructure Investment Attractiveness Dubai Freehold Property

International City International Property Markets

International Property Markets - Singapore Real Estate Investing Lessons

Lesson 20: Protecting Your Property – Accounting

Prepared by: Alpha & Beta FZE

VALORAN MEMBER

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Valoran Real Estate Brokers Issue No. 22 - Oct. 2014

News Digest

Last month at a glance

27 Projects Worth Dh40 Billion Announced at Cityscape Global At the three-day event held from September 21st to 23rd in Dubai at Dubai World Centre, around 27 new projects were unveiled by international and regional developers. 18 of these projects were announced on the first day of the exhibition, with the remaining 9 releases spread over the next two days. The majority of the Dh40 billion worth of projects was from leading developers in Dubai, including Damac, Deyaar, Dubai Holding, Nakheel, Meraas, Meydan Group and Union Properties.

Among the new projects announced was La Mer by Meraas in Jumeirah, which will be a 9.5 million square feet mixed use development near Jumeirah Island. The project will have 688 apartments and villas besides a hotel. DFM listed Deyaar Development announced Midtown, a 5.5 million square feet master development next to the Jumeirah Golf Estates. Midtown will have 27

buildings of which 13 will be residential while 2 will be hotels.

At Cityscape, Nakheel launched The Palm Gateway, a waterfront development with three towers that will also include a leisure park and 1,300 homes besides retail, fitness and recreational facilities.

Meydan Group unveiled two new projects, both of which were mixed use developments – District Eleven in Mohamed Bin Rashid Al Maktoum City and Meydan Avenue. The former project will have Kent College set up in partnership with one of the UK’s oldest educational institutes.

Maram Residence by Dubai Properties was another new project announced at the exhibition. Located in Burj Khalifa district, the two-tower project will have 27 storeys in each tower with one, two, three and four bedroom apartments besides 6 www.valoran.ae

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exclusive penthouse suites. Dubai Properties also announced Dubai Wharf – a waterfront district and a new luxury hotel in Culture Village that will be operated by Minor Hotel Group, which owns the Anantara brand.

Besides this, one of the most exciting announcements was by Damac Properties, which along with the luxury hotel operator, Paramount, was coming out with the Paramount Hotel Dubai that will showcase Hollywood and the Californian lifestyle.

In addition, several developers displayed project models at the exhibition, but did not make announcements as the approvals were still under process. These projects, which include a tower in Dubai Marina and a huge project in Dubailand by Abu Dhabi developers, will be announced over the next few months.

Business Bay a Top Pick Among Global Investors Over the past few months, high rise clusters in Dubai have recorded a steady increase in values as well as rising occupancy levels. In some districts such as Downtown Dubai and Burj Khalifa, values seem to have reached their upper limit. However, Business Bay still seems like an attractive option for value investing.

Consultancy specialist Knight Frank has listed the Business Bay cluster among the Top 10 global urban hotspots. At present, apartments in the residential clusters go for between Dh1,500 to Dh1,700 per square foot in the towers, which is a significant increase from Dh1,000 that they were commanding two and a half years ago.

The fact that prime residential property in Dubai is still relatively inexpensive compared to other international cities and that the city offers moderate price growth, makes it an attractive investment option for investors. In addition, with the economy and employment continuing to gain 4

strength in the Dubai, more overseas investors might buy property in the emirate.

Dubai Rent Trends Show Slight Shift in Momentum After 10 consecutive quarters of positive growth, residential rents in Dubai dipped marginally by 1 per cent in Q3 of 2014. According to CBRE, the reasons for the drop are attributed to the addition of new residential stock as well as a slowdown in demand during the quarter owing to the festive and holiday period. The decrease in rents also points to stabilization in the residential sector marked by reduced growth in sales values and fewer transactions. This trend is likely to carry through into the last quarter of the year.

While recent intervention by the Government with cooling measures as well as regulatory measures has helped to introduce a bit of stability to the residential sector, the office sector is witnessing rising demand due to the improved economic outlook. The free zone office areas are showing good occupancy. A number of new office developments are in progress, and these will add good quality stock to the emirate’s office inventory. Secondary office locations in Dubai have also maintained rising rental growth in the third quarter.

With the availability of more options as well as better infrastructure, tenants are migrating from older districts, and this is helping to strengthen office rental values and occupancy levels in areas such as JLT and Business Bay.

Valoran Real Estate Brokers Issue No. 22 - Oct. 2014

Other headlines in brief – Dubai Sports City (DSC) has entered into an agreement with Veolia to manage and maintain its wastewater facility for a 10-year period. The recycled water from the DSC sewerage treatment facility will be used for the sports venues and green spaces within the development, including The Els 18-hole championship golf course, the Dubai International Stadium and the two cricket grounds of the ICC Academy.

– Phase II of the villas and townhouses of the Al Zahia project has been released and will be available only to GCC nationals and UAE citizens. Units in the community range between 2,618 sq. ft. and 4,200 sq. ft. and have prices between Dh2.1 million and Dh4.5 million.

– CEO of Nakheel said that the company would watch the success of the mall unit IPO of its competitor, Emaar Properties. A successful share sale might encourage Nakheel to follow suit and get listed on the stock market in Dubai. Emaar Malls Group (EMG) is expecting to raise around Dh5.8 billion through the IPO, which will be the largest stock sale since 2008.

Nakheel, which had earlier suffered during Dubai’s property crash has recovered since and has even repaid its pre-crisis outstanding debt of Dh7.9 billion around four years ahead of schedule. The company is also moving away from focusing solely on real estate and is looking at other sectors such as retail and hospitality for earning recurring income.

Sale Price [ USD/SQF ] 750

4

500

August 2014: Dubai – USD 403/SQF

250 0

Rental Price [ USD/SQF ]

August 2014: Abu Dhabi – USD 383/SQF

2005 Dubai

2010 Abu Dhabi

reiding.com

3

August 2014: Dubai – USD 2.33/SQF

2 1

August 2014: Abu Dhabi – USD 2.18/SQF

2005 Dubai

2010 Abu Dhabi

2014 reidin.com

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Latest from the economy

UAE-United States Bilateral Trade at Dh98.7 billion in 2013 In a statement, the UAE Minister of Economy, Sultan Bin Saeed Al Mansouri, said that the United States was the UAE’s fourth largest trading partner with trade crossing $26.9 billion (Dh98.7 billion) in 2013. The minister said that the UAE government’s open policy had helped in strengthening the country’s image as an important player in the global trade and economic scenario, equalling many developed countries in terms of competitiveness.

The Minister was in the US leading a highlevel trade delegation and met with the US Secretary of Commerce, Penny Pritzker, to explore opportunities of strengthening bilateral trade and investment between the two countries. At present, there are more than 1,000 US companies functioning in the UAE. In addition, over 60,000 US citizens live and work in the country.

6

Valoran Real Estate Brokers Issue No. 22 - Oct. 2014

Analysts Say UAE Second Market for Private Companies Will Pave the Way for More IPOs On Tuesday, September 23rd, HH Shaikh Mohammad Bin Rashid Al Maktoum, Ruler of Dubai and Vice President and Prime Minister of the UAE launched the secondary market in the UAE. The market, which would be operational in a few months, will provide more liquidity to private companies, who can tap it for additional funds and go in for IPOs.

UAE Ranked Third for Infrastructure Investment Attractiveness Coming in behind Qatar that has retained the second rank, the UAE has moved up a spot to be placed third in the 2nd Global Infrastructure Investment Index compiled by consultancy firm EC Harris. The index, which ranks 41 countries, has Singapore continuing to lead in first place. Other countries such as the US and UK also made it to the top 10 due to their efforts in refocusing on upgrading infrastructure, while Saudi Arabia was ranked 12.

Once the exchange opens, it will facilitate share trading of private companies for investors. Share prices on the exchange will be determined based on the companies’ financial performance as well as demand and supply. Speaking at the event, Saleem Khokar, Head of Equities – National Bank of Abu Dhabi said that the second exchange would provide an avenue for unlisted private companies – both small and midcap – to offer their shares for trading. This would be the initial step that would allow these companies to go the IPO route later.

Limited financial disclosures would be available to the investors through the price discovery mechanism, and the price would be determined by matching buyers and sellers’ quotes. For companies, this arrangement would offer the opportunity to get additional liquidity without being compelled to list fully on the stock exchange.

Eisa Kazem, Chairman of the Dubai Financial Market (DFM), said that DFM was already in the process of contacting a number of private companies for tapping the second market, and infrastructure is in place for using SMARTS and the X-Stream stock trading platform, which would help in monitoring trading in addition to providing a range of additional services.

The index takes into account factors such as GDP per capita, ease of doing business, government policies, access to debt finance, tax rates and the

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quality of existing infrastructure. When viewed together, these factors help in determining the risk profile of each market and assessing its attractiveness to potential investors.

According to EC Harris Partner and Head of Infrastructure for the Middle East, Tim Risbridger, around half the investment earmarked in the region was related to transportation as every major city in the Gulf region was looking at building metro lines like Dubai. Speaking about the risk of inflation, which the report cautions might reach across manpower, construction material and specialist skills, he said that the strong credit rating and attractive taxation in the region would continue to draw investors.

8

Export-Import Market by 2030 As per the latest HSBC Trade Forecast, by 2030 India is expected to be the top import-export market for the UAE. Other fast growing markets include Turkey, China and Malaysia, all of which are poised to grow at high rates from 2017 to 2030.

Turkey and the Asian countries would remain the leading trade partners for imports.

Petroleum products would remain the largest category for exports and would retain its position as the biggest contributor to export growth until 2030. Export of petroleum was expected to account for up to 40 per cent of the total export growth during the forecast period.

Valoran Real Estate Brokers Issue No. 22 - Oct. 2014

Dubai Freehold Property International City Located in Al-Warsan area, around 7 miles from Dubai International Airport, International City is a unique multi-use development that has country-themed architecture. It is situated opposite the Central Fruit and Vegetable Market in Dubai, along Dubai-Hatta Road and in between Interchanges 5 and 6 on Emirates Road. Spread over an area of 8 million square meters, it is designed to have residences, offices, retail spaces and tourist attractions. Its architecture is inspired by traditional carpets in the Middle East, and each of the ten precincts within the development has country specific themes that contribute an international feel to the project.

Besides having approximately 22,000 residential units, including studios and one-bedroom apartments, the development has around 5,000 retail spaces located on the ground floor of the 387 buildings. The development also has sports facilities, beautifully landscaped communal spaces and a lake, which can be enjoyed by residents.

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The Central District in International City is the business hub with 34 plots situated on an area of 21 hectares. Each of the plots is developed by independent developers and has retail spaces as well as corporate offices. The district has 34 buildings of 11 storeys each with excellent infrastructure and facilities. In addition, a 3040 floor tower in the centre with 50,000 square meters of space will include corporate offices as well as a mall on the lower level.

The tourist attraction in International City, Forbidden City will be a replica of the ancient Chinese complex in Beijing that was once inaccessible to the rest of the world. The complex will have a cluster of residential buildings, retail spaces, museums, gardens and performance arenas. The central court of the area comes with a ‘Pagoda’ that houses an authentic Chinese restaurant.

This zone within the development is reserved exclusively for exhibitions, both temporary and permanent. The area will also have two hotels with combined inventory of around 600 to 800 rooms, which can provide accommodation to exhibitors, visitors and other participants at the exhibitions.

Spread over 60 hectares of lush greenery bordering the lake in the community, this district is designed to have around 24 to 36 apartment buildings with 2 or 3 bedroom duplex apartments.

The units range between 150 - 170 square meters each and consist of around 1,375 apartments totally.

Designed as the trade mall within the master development, this is the commercial centre for over 3,000 Chinese companies. Designed in the shape of a dragon, the area is spread across 50 hectares with the central spine of the dragon extending for 1.4 kilometres. The centre includes parking space for around 2,000 vehicles. The entrance to the commercial centre is from DubaiHatta road, where the head of the dragon is located.

This district has the capacity to accommodate over 60,000 people with a total of 2,100 apartment units – studio and one-bedroom – spread over a 300-hectare area. The apartments, which are designed in such a way that they can be converted into two bedroom flats, are divided into neighbourhoods, with each one having a distinct country theme. The architectural styles of the apartment clusters match the theme of the

10

Valoran Real Estate Brokers Issue No. 22 - Oct. 2014

country after which it is named. The residential district is divided into neighbourhoods that are named after countries, including China, Indonesia, Thailand, England, France, Greece, Italy, Spain, Morocco, Persia and Russia.

Rental values in International City average AED 121,371 per year, with the size of apartments across the community averaging 1,685 square feet. The average rental value per square feet in International City is approximately AED 72 per annum.

The average price of a residential apartment in International City is AED 2,658,869 for a unit with an average area of 3,979 square feet. The average price per square feet in the development is AED 668.

Market Price Live – Sale Prices

Market Price Live – Rental Values

Average Price Per Unit

AED 2,658,869

Average Price Per Unit

AED 121,371 p.a.

Average Area Per Unit

3,979 Sq. ft.

Average Area Per Unit

1,685 Sq. ft.

Average Price Per Sq. Ft.

AED 668

Average Price Per Sq. Ft.

AED 72 p.a.

(based on 328 listings of similar units)

(based on 176 listings of similar units)

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International Real Estate News

Existing Homes in Miami Affected by Demand for New Construction The latest report from Miami Association of Realtors (MAR) showed that the growing demand for new construction was having an impact on sales activity, inventory and prices in the market for existing homes in Miami.

In August, sale prices of existing single family homes increased whereas for condominiums, median sales prices declined marginally. Despite 33 months of continuous increases in the prices for single family homes, prices still remained affordable and at 2004 levels. For condominiums, where rising prices have been recorded for 38 consecutive months and had been increasing far before a similar trend started for single family homes, the dip in prices in August was the first in over three years.

The average sale price of single family homes in Miami recorded a year on year increase of 24.7 per cent from August 2013 to reach $455,108 in August 2014 (from $364,960). Average sale price for condominiums dropped by 6.9 per cent from August 2013 to touch $322,743 (down from $346,847) in the same month.

Despite this, Miami real estate continued to see brisk activity with sales being made at close to the asking price, reflecting that the demand 12

for real estate in the city remained strong. The median number of days on the market for single family homes was 47 days in August 2014, which was a year on year increase of 34.3 per cent from the same month last year. In August, the median number of days on market for condominiums was 53 days, which was an increase of 15.2 per cent year on year.

The report also showed that cash sales in Miami continued to decrease with more financing options opening up. However, availability of mortgage loans for condominium buyers was low, which was preventing the market from strengthening further. Following three years of record sales, which caused a shortage in inventory, seller confidence is resulting in more properties to come up for listing. In August, active listings grew by 25.3 per cent, but still remained much lower than the 60 per cent level that was recorded in 2008.

Taking into account the current pace of sales, the supply of single family homes is 5.7 months – an increase of 15.3 per cent year on year. For condominiums, the corresponding figure is 8 months, increasing by 33.6 per cent from August 2013 when there was only a 6 month supply.

The continuing demand for new properties, especially in coastal Miami, was reflected by the strong sales activity in the segment. In fact, the decline in existing sales of condominiums can be attributed to the new construction that

Valoran Real Estate Brokers Issue No. 22 - Oct. 2014

has been entering the market over the last year.

In Miami-Dade County, of the 180 towers that were announced, 54 were under construction and 7 were completed in 2014. Another 59 have completed the planning stage, but development has not yet commenced, while 60 projects were yet to receive approvals.

Hong Kong Residential Market Being Driven

by Developers Offering Sweeteners for New Homes With sales of existing homes slowing down, the demand for new units in mass residential projects is the main driver in Hong Kong’s residential sector. According to the monthly research report from Knight Frank, developers were launching new projects along with incentives or sweeteners to attract buyers, and this was causing demand for other properties to decline, as their sellers are unable to offer such deals.

In July, around 7,792 homes were sold, which was a year-on-year increase of 95.5 per cent. The trend continued in August with several new projects being launched and the pace of sales remaining strong, the classic example being the first day sale of 21 out of the first 30 units in Le Riveira in Shau Kei Wan. In contrast, the pace in the resale market was low not only due to the limited supply but also because sellers were not willing to negotiate prices. Due to this, buyers were shifting their attention to new projects with incentive packages, especially those in the New Territories.

With the government’s cooling measures, prices of luxury residential property rose only marginally by 0.4 per cent compared to the previous month, and the market remained inactive. Although the supply of primary homes was rising, mass home prices have continued to remain strong due to demand from buyers. As a result, Knight Frank predicts that the mass home prices will continue to be stable or decline marginally during the year.

Research shows that London is the Most Expensive City to Live In Recent research from real estate firm Savills brought to light that London has overtaken Hong Kong to become the world’s costliest city to live and work. The other cities coming in behind Hong Kong to make up the top 4 were New York and Paris. The combined cost of renting residential and office space in these four cities worked out to approximately $100,000 per employee per year.

Since its launch in 2008, the Savills Live/Work Index has been measuring the total cost per employee for renting residential and work spaces in 12 world cities. The rankings take into account fluctuations in living and working costs, occupier costs, taxes as well as fluctuating exchange rates.

London’s real estate costs in dollar terms grew by 10.6 per cent on an annualized basis during the first 6 months of 2014, pushing up the annual cost for accommodation for staff to $121,000 per employee per year. In addition, the appreciation of the UK Pound against the US Dollar affected the cost of living and working in the city.

With falling residential rents and a weakening currency, Hong Kong gained competitiveness as real estate costs dropped by an annualized rate of 11.2 per cent in the first six months to reach $116,000. However, despite being overtaken by London as the most expensive city to live in, Hong Kong continues to hold the record of the highest ever accommodation cost, having reached $128,000 in 2011. Hong Kong also remains the costliest city for purchasing residential property with prices being 40 per cent higher than those in London. In addition, it holds the distinction of being the only New World city to feature among the top five.

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Lifestyle

New Speedy Princess 30M from Princess Yachts Princess Yachts announced the latest addition to the company’s M Class fleet – Princess 30M. The 100-foot luxury yacht, which will be the smallest in the fleet, will have a spacious feel due to its clever design. What it lacks in size, it more than makes up in terms of cruising speed as its weight saving advantages allow the yacht to touch speeds of around 30 knots.

The interior of the vessel can accommodate around five double cabins, which would include a master suite located on the main deck. The yacht will have standard features such as marble, granite,

14

handcrafted cabinets and fabric panels, which are present in most Princess Yachts. The interior design will be done as per the owner’s selection, and the main deck saloon will be customized to suit the owner’s needs, including requirements for dining and seating.

The raised pilot house is ideal for enjoying the sunshine as it is shaded by the overhang of the fly bridge. Other features that make it perfect for sunny days are the wet bar, a spa room, bathing deck, hydraulic bathing platform and a nice seating area. The vessel also has a stern garage that can house a 4.5m tender that can be used for adventure activities. The new yacht is expected to join the Princess fleet next year.

Valoran Real Estate Brokers Issue No. 22 - Oct. 2014

Hennessey Venom F5 Coming Soon Hennessey Venom F5, which will succeed the Venom GT, gets its name from the highest rank given to a tornado on the Fujita scale. The lower drag shape, new technology and increased power will deliver higher performances through better aerodynamics. Using the learnings from developing the Venom GT for breaking the 270mph barrier, the company plans to incorporate changes in the new design so that the performance of the car is enhanced.

When it is officially launched in 2015, at least 30 units of the Venom F5 will be produced, and deliveries will start towards the end of 2016.

While the price of the Venom F5 has not yet been announced, it will be higher than that of the GT that is priced at $1.2 million.

Opening Rings by Theo Fennell Have Stories to Tell Remember the 16th century European rings with hidden compartments that were used to store poison? British designer Theo Fennell has created a series of four unique rings that are based on the concept of the poison rings, but use his creative vision to result in a stunning piece of jewellery.

The most expensive ring in the series is the Empty Quarter that is priced at $257,000, which was made in collaboration with sculptor Willard Wiggan, and has within the compartment a beautiful three-dimensional desert scene in gold, complete with camels and sand dunes. The ring is ornate with flower blossoms inset with diamonds and salamanders in rose-gold. It comes in a case designed to suit the theme – a box like a Bedouin tent and a bejewelled magnifying lens for taking a closer look at the intricate design details of the ring.

The engine of the car is in the process of being finalized, but is likely to be the V-8 GM engine that will bring more than 1,400hp, with drag reduction decreasing to under 0.4 from 0.44 per cent in the GT. With its body being made from carbon fibre, the car will weigh less than 2,866 pounds. This will make the Venom F5 much faster than the GT, which can go up to 200mph in 14.51 seconds or to 186 mph in 13.63 seconds.

The other three rings in the collection are the Emerald City, which draws inspiration from The Wizard of Oz (priced at $197,000), the Chinese Secret Garden Ring (priced at $73,000) and the Hermitage ring ($42,000). The Emerald City ring has in the compartment miniature towers carved on a Zambian Emerald. The Chinese Secret Garden ring has a green tourmaline carved with cherry blossoms and has within the compartment hand painted cranes and other mythological figures that represent good health and a long life. The fourth in the series, the Hermitage Ring, has a gorgeous aquamarine stone, signifying the ocean. Inside the chamber are delicate carvings in ruby-rose gold of a hermit crab, as well as other sea creatures such as turtles, fish, coral and sea horses.

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International Property Markets Singapore

Since the country acquired independence in 1965, under the governance of Lee Kuan Yew, the country’s first Prime Minister, Singapore progressed and gained the status of one of the most prosperous countries in Asia. The nation’s property market has been controlled by the government from the initial days, and as part of its housing policy, the government created a large number of public apartments, which provides accommodation for around 80 per cent of the citizens. As a result, Singapore has one of the highest home ownership statistics in the world.

16

Valoran Real Estate Brokers Issue No. 22 - Oct. 2014

In 2006, due to the low interest rates and speculation by foreign investors, the property prices spiked considerably. By 2009, the government implemented control measures, including prevention of interest-only mortgages and restricting developers from absorbing interest payments for units under construction. Since then, around seven rounds of cooling measures have been announced by the government to curb rapid price increases. These have been largely successful with property prices and demand being kept under check.

Geographical Distribution of New Units Launched & Sold in 2Q 2014

100% 80% 54.1%

60% 40% 20% 0%

33.2% 12.6%

61.4%

33.8%

4.8%

Core Central Region

Rest of Central Region

Proportion of Units Launched

Outside Central Region

Poporation of Units Sold

Source: URA/Colliers International Research

In January 2013, the government announced the seventh round of cooling measures that included a hike in Additional Buyers Stamp Duty rates, which would have to be paid by Permanent Residents (PRs) on the purchase of their first residential property and by Singapore nationals on their second property purchase. Other measures include tighter limits on LTV for housing loans as well as an increase in the minimum cash down payment for buyers applying for a subsequent housing loan.

Due to these measures, house prices in Singapore have been falling despite a reasonable economic

growth rate. It has also made it more difficult for Singaporeans to purchase better quality private apartments after selling their Government housing units. Due to this, the private residential market is declining as the demand from Singaporeans is subdued.

Following the guidelines laid down by the Residential Property Act of 2005, foreigners do not require government approval for buying apartment units in buildings with less than six floors. They can also purchase condominiums after approval, and require approval from the Singapore

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Singapore Land Authority for purchasing vacant land or landed property for residential purposes.

This restriction does not apply to land used for non-residential purposes. There are hardly any foreign exchange restrictions, and foreigners borrow up to 80 per cent of the property cost locally in Singapore dollars.

Residential Market With the introduction of the Total Debt Servicing Ratio (TDSR) in June 2013, home prices have been softening in the private residential sector. However, developers have been working at reviving the market by increasing launches and sales activities.

In the second quarter of 2014, not accounting for executive condominiums, 2,990 units were released, which was a quarter-on-quarter increase of 52.2 per cent from the first quarter of the year.

Projects with good pricing and attractive location saw increased interest from buyers and resulted in 2,658 units being sold during the quarter, an increase of 54.7 per cent from the previous quarter as well as the highest quarterly sales volume recorded since the announcement of TDSR. With the new restrictions, affordability of apartments continued to be the main issue, and developers focused on launching affordable units in mass market developments located in the Outside Central Region (OCR). Buyer interest also increased in the Rest of Central Region, which

resulted in a quarter-on-quarter increase of buying volume in the area by 57.2 per cent to reach 899 units. In the Core Central Region, although launch activity increased marginally, buyer interest remained low with prospective buyers adopting a cautious approach. Compared to the other regions, the increase in sales volume was also low at a mere 5.8 per cent quarter-on-quarter increase with just 128 units being sold overall, while 378 new units were released by developers.

As developers resorted to competitive pricing to push buyers into making purchase decisions, private residential home prices continued to drop during the quarter April to June 2014. Prices slid by 1.1 per cent in the second quarter, following a drop of 1.3 per cent during the first quarter of the year. The fall in prices was recorded across all three regions in the country, indicating that the government’s cooling measures had a role to play in creating a subdued environment.

Earlier, buyers looked at residential collective sales or the en-bloc route as a means to make windfall gains that could be reinvested in more luxurious private properties. However, since 2003, the plot ratio increases in the Master plan have not been significant enough to allow developers to pay the premium prices that they were willing to offer before. In addition, the introduction of the cooling measures such as the Additional Buyers Stamp Duty (ABSD) and Total Debt Servicing Ratio (TDSR) has brought the collective sales market to a halt.

Quarter-on-Quarter Change in Price Indices of Provate Residential Properties Non-landed Residential All Residential

Core Central Region

Rest of Central Region

2Q 2013

1.0%

-0.2%

-0.2%

3.8%

3Q 2013

0.4%

-0.3%

-0.9%

2.2%

4Q 2013

-0.9%

-2.1%

0.4%

-1.0%

11 2014

-1.3%

-1.1%

-3.3%

-0.1%

2Q 2014*

-1.1%

-1.5%

-0.6%

-1.1%

Period

Source: URA

18

Outside Central Region

* Flash Estimate

Valoran Real Estate Brokers Issue No. 22 - Oct. 2014

While developers can get a remission of the ABSD if they build and sell all the units in the new property within a five-year period, they no longer have the incentive of holding on to the land for long term land banking. Similarly, with TDSR stipulating a larger amount to be paid upfront on the new unit, sellers continue to hold on to their units in the expectation of higher premiums. Due to the widening gap between sellers’ and buyers’ expectations, collective sales take a longer time to conclude, and consequently, have been declining over the past few years.

Office Market With the positive business outlook brought about by growth picking up in the local as well as global markets, the office property market in Singapore strengthened over the second quarter of 2014. The increased demand from companies saw improved leasing activity during the quarter, especially in new and upcoming developments.

Spurred by the renewed demand for leasing, all the Grade-A office micro markets in Singapore reached full occupancy rate of 95 per cent by the end of June 2014. Even in the Premium Grade office segment, occupancy was up to 93.4 per cent during the second quarter, which is the highest level recorded over the last four quarters.

With occupancy levels reaching close to maximum, rents increased across markets, but not to a large extent, as companies continued to follow a cautious approach towards significant increases in costs. As a result, office rents increased only by 3.5 per cent in the quarter April to June 2014. In the Premium Grade office segment, rents touched $11 per square feet in June 2014, which was the highest level in two and a half years. Average monthly gross rents in the Grade-A office segment also reached a two and a half year high of $9.10 per square feet and a quarter-on-quarter increase of 1.2 per cent during the second quarter of the year.

With the positive business outlook and recovery in rents, strata-title sales of office space also picked up during Q2 of 2014. Data from the Urban Redevelopment Authority showed that 144 caveats had been filed for strata-title office space during the first nine weeks of the second quarter compared to 66 caveats during the same period in the first quarter.

The increased momentum in the sales market also resulted in a rise in the capital values of office spaces. In the Raffles Place/New Downtown market, average capital values of Premium and Grade-A office space rose by 0.9 per cent and 1.0 per cent, respectively.

Number of Residential Collective Sales Transactions (by Price Band)

40 35 30 25 20 15 10 5 0 2009

2010

Less than $100 million

2011

2012

2013

Equal to or more than $100 million Source: Colliers International Research

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Occupancy Rates Average Occupancy Rates for Premium Grade and Grade A Office Space by Micro-market Average Occupancy Rate (%) 2Q 2014

1Q 2014

93.4

92.8

Raffles Place/New Downtown

97.2

96.9

Shenton Way/Tanjong Pagar

99.4

97.2

Marina/City Hall

98.4

98.5

Beach Road

96.1

95.7

Orchand Road

98.1

94.0

City Fringe

97.6

96.2

Suburban

98.7

97.9

Micro-market PEREMIUM Raffles Place/New Downtown GRADE A

Source: Colliers International Research

20

Valoran Real Estate Brokers Issue No. 22 - Oct. 2014

Outlook On the residential front, the cooling measures of the government and the LTV restrictions are likely to result in buyers sticking with following a cautious approach. While developers will continue to release newer units that are competitively priced, buyers and investors might wait and watch in anticipation of prices dropping further.

In the office market in Singapore, the renewed business confidence is likely to see increased sales and leasing activity, since the country has developed a reputation as a global trading hub. However, this might result in occupancy tightening further. In addition, since business performance is dependent on the momentum in the global trade, which continues to face risks such as the crises in Ukraine and Iraq as well as the possibility of a greater slowdown in China’s economy, local businesses could continue to face challenges that would in turn impact the office property market.

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Real Estate Investing Lesson 20

Protecting Your Property – Accounting Last month, we went through the details of record keeping and its importance in protecting your investment property. Accounting is another important aspect of property management, which every landlord should undertake, since owning a rental property earns income that is subject to taxation. Having the requisite financial records to support your tax returns is mandatory as the tax authorities can ask you to produce supporting documents at any time.

22

Valoran Real Estate Brokers Issue No. 22 - Oct. 2014

Maintaining financial accounts can also help you in the long term, especially when it’s time to sell the property as most buyers are comfortable seeing books of accounts that clearly list out the income and expenses. Nowadays, electronic banking helps by simplifying the process of rent collection as well as payments made to vendors and contractors by providing instant and easily accessible records and receipts. However, some tenants and vendors might prefer to pay by cheque, so you will still have to maintain documents as proof of financial transactions.

Make it a practice to issue a receipt to your tenant when you receive a cheque towards the rent.

Similarly, when you make a payment, insist on a receipt for it. Wherever possible, try to pay by cheque as this will be automatically recorded in your bank statements. When you pay by cash, vendors often issue generic receipts, and the legitimacy of this can be questioned.

If you have more than one rental property, it’s best to maintain separate books of accounts for each one in order to avoid confusion. While you can continue to use a single bank account for all your transactions, including personal expenses, having separate books for each property will greatly simplify the process of trying to trace a payment or receipt, in case there is a query from the tax department.

As your income from properties grows allowing you to invest in multiple units, it might also be advisable to hire a property manager who can take on the task of managing your accounts professionally. In addition, using the services of tax advisor can be useful in being certain about the types of expenses that can be written off every year. For instance, a tax advisor can give you invaluable inputs of the various items that come under the classification of operating expenses and capital expenses. While the former can be written off in the year that it is incurred, the latter will be subject to depreciation over the estimated life of the asset.

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For every property, you might have a rough estimate of its earning potential and expenses.

Preparing a budget of the future income from the property as well as the expected expenses will make it easier to track the performance of the property. A common mistake that many property owners make is not budgeting insufficiently for expenses such as repairs and maintenance. As a result, they face a shortage of funds when the time comes for repairs to be done.

Budgeting expected income and expenses helps in setting aside a portion of the rental towards a reserve fund that can be utilized for repairs and maintenance when they need to be done. In addition, it makes sense to manage your cash flow in such a way that you save for a rainy day as there might be times when the property is vacant and does not earn for a few months. Create a fund that is sufficient to maintain the property expenses for a few months. That way, you won’t lose sleep when the rental market is at a low.

24

When you have just one or two properties, it is easy to manage accounts manually by recording every transaction in a book along with maintaining a file for the supporting receipts. However, with multiple properties it is best to set up an efficient system that lets you easily track transactions. This might involve maintaining a set of books and financial records such as journals, ledgers, bank deposit books and cash receipt books.

For landlords with multiple properties, maintaining financial records electronically is a better option as it simplifies the process of entering information as well as generating reports for each property. If you have a single property, maintaining a spreadsheet on the computer will suffice. Alternatively, you can consider purchasing an accounting software program that simplifies the process of managing financial record for multiple properties.

Valoran Real Estate Brokers Issue No. 22 - Oct. 2014

The selection of accounting software available in the market ranges from entry-level business software packages to more advanced ones such as QuickBooks. However, since most of these cater to businesses rather than property rentals, they might have a few deficiencies. Another option is to use a professional rental property accounting software that takes care of all aspects of maintaining accounts for your property.

There are several of these software packages available in the market, each of which comes with pros and cons. Get recommendations from your tax advisor, accountant or actual users. If a package has a trial or free version, you can download it

to verify whether you will be comfortable using it regularly. Once you have narrowed down a suitable one, purchase it and maintain your accounts like a professional.

Although record keeping and accounting takes care of the majority of the financial management part of managing a rental property, there’s also the aspect of taxation to be considered. In next month’s issue, we will discuss in detail the various strategies that can be employed to get the maximum benefit from your property while adhering to real estate tax laws.

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Properties of the month JLT

Madinah Tower 3 bed apartment

3,087 sq. ft.

AED 4,400,000

AP1373

Business Bay

Business Tower Commercial Space

960 sq. ft.

AED 1,450,000

1,160 sq. ft.

AED 1,900,000

2 bed apartment

Palm Jumeirah

1,530 sq. ft.

AED 1,450,000

AP1120

JLT

Saba Tower 2 1 bed apartment

2 bed apartment

AP1523

Mehdi 055 5075040

2 bed apartment

AP1525

LE

26

JLT

Saba Tower 2

SA

LE

SA For above listed properties contact

LE

LE Downtown

The Residences

AP1522

SA

AED 4,000,000

SA

2,022 sq. ft.

E

E

Balqis Residence

OF1086

L SA

AED 1,200,000

L SA

1,214 sq. ft.

Valoran Real Estate Brokers Issue No. 22 - Oct. 2014

Properties of the month JLT

Lake View Tower 1 bed apartment

1,390 sq. ft.

AED 1,500,000

AP1230

Business Bay

Bayswater Commercial Space

12,780 sq. ft.

AED 20,000,000

L SA

L SA

1 bed apartment

778 sq. ft.

AED 3,400,000

AP1111

E

E Downtown

The Address Dubai Mall Hotel

JLT

Global Lake View Studio

AED 850,000

2,370 sq. ft.

AED 7,500,000

LE

LE

2 bed apartment

1,250 sq. ft.

AED 3,300,000

AP1371

AP1314

SA

460 sq. ft.

SA Downtown

Standpoint Tower A

CB1356

Dubai Marina

Al Anbar Tower 3 bed apartment

AP1526

LE

SA

LE

SA For above listed properties contact

Mehdi 055 5075040

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Properties of the month 29 Boulevard Tower 2 1 bed apartment

Downtown

4,200 sq. ft.

AED 9,850,000

3,850 sq. ft.

AED 3,150,000

AP1524

Downtown

8 Boulevard Studio

543 sq. ft.

AED 1,200,000

8,800 sq. ft.

AED 4,750,000

890 sq. ft.

AED 1,950,000

4 bed villa

VI1397

E

E Palm Jumeirah

Canal Cove

Jumeirah

Jumeirah Park 3 bed villa

VI1240

Alex 055 5075020

1 bed apartment

AP1396

LE

28

Dubai Marina

Shemara Tower

SA

LE

SA For above listed properties contact

LE

LE

3 bed villa

VI1357

SA

SA Emirates Living

Springs 4

AP1458

L SA

AED 1,850,000

L SA

766.07 sq. ft.

Valoran Real Estate Brokers Issue No. 22 - Oct. 2014

Properties of the month Dubai Marina

Princess Tower 2 bed apartment

2,246 sq. ft.

AED 3,050,000

AP1495

Dubai Marina

Marina Pinnacle 3 bed apartment

1,550 sq. ft.

AED 2,250,000

4,100 sq. ft.

AED 7,700,000

3 bed villa

VI813

E

E Emirates Living

Springs 8

Emirates Living

Meadows 1 4 bed villa

LE

LE

3 bed villa

3,464 sq. ft.

Emirates Living AED 4,300,000

VI1501

VI1398

SA

SA

The Lakes, Maeen 3

AP1500

L SA

AED 2,500,000

L SA

1,330 sq. ft.

Emirates Hills Villa 6 bed villa

14,535 sq. ft.

Emirates Living AED 53,000,000

VI1506

LE SA

LE SA For above listed properties contact

Alex 055 5075020

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Properties of the month Taj Grandeur Residences 1 bed apartment

1,150 sq. ft.

Palm Jumeirah AED 2,500,000

AP1486

Hamilton Residency 1 bed apartment

880 sq. ft.

Business Bay AED 1,370,000

L SA

E

E

L SA

Fairview Residency 1 bed apartment

795 sq. ft.

Business Bay AED 1,350,000

AP1487

Executive Tower M 2 bed apartment

1,425 sq. ft.

Business Bay AED 2,400,000

2,110 sq. ft.

Business Bay AED 3,500,000

AP1473

Alex 055 5075020

3 bed apartment

2,181 sq. ft.

Palm Jumeirah AED 3,600,000

AP1488

LE

30

Shoreline - Al Khushkar

SA

LE

SA For above listed properties contact

LE

3 bed apartment

AP1475

SA

LE

SA

Executive Tower K

AP1490

Valoran Real Estate Brokers Issue No. 22 - Oct. 2014

Properties of the month Park Towers 2 bed apartment

7,500 sq. ft.

AED 15,000,000

AP1342

3 bed apartment

2,197 sq. ft.

Business Bay AED 3,400,000

E

E Al Barsha

Barsha 2 4 bed villa

VI1083

Golf Tower Canal Villas T2 3 bed villa

The Greens AED 4,600,000

1,407 sq. ft.

AED 168,000

LE

LE

5 bed villa

12,277 sq. ft.

Palm Jumeirah AED 25,000,000

VI1418

VI1319

SA

3,464 sq. ft.

SA

Kempinski Palm Residence

AP1388

L SA

AED 2,800,000

Executive Tower K

L SA

1,583 sq. ft.

DIFC

Business Bay

Al Manara Commercial Space

OF1400

NT

RE

LE

SA For above listed properties contact

Benny 052 6474292

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TWO TOWERS

t t t t t t

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. You’ll find you’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.

32

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 Pò QPJOU BU CVJMEJOH FOUSBODF lobby 3PVOE UIF DMPDL BEWBODFE TFDVSJUZ TZTUFN 1SPYJNJUZ UP .FUSP 4UBUJPO BOE XPSME DMBTT Shopping Malls

)VHF CBMDPOJFT PòFSJOH QBOPSBNJD WJFXT )JHI DFJMJOHT 4PMJE NBSCMF 4MBUF BOE 1BSRVFU 'MPPSJOH *UBMJBO 8BSESPCFT BOE ,JUDIFO $BCJOFUT (FSNBO 2VBMJUZ 8IJUF (PPET &OFSHZ FóDJFOU $FOUSBM XBUFS IFBUJOH TZTUFN – resulting in substantial savings in electricity bills $FOUSBMJ[FE "JS $POEJUJPOJOH GSPN PO TJUF Chillers – 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

2

1(Loft)

BUA (in Sq.ft.)

1,318

1,745

2,451

Reference Number

AP1338

AP1339

AP1375

Contact Number

04 332 2248

Valoran Real Estate Brokers Issue No. 22 - Oct. 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

2

TYPICAL FLOORS: 3RD TO 21ST

1

3

6

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

5

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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

2

1

3

6

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

34

5

Valoran Real Estate Brokers Issue No. 22 - Oct. 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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‫اﺧﺘﻴﺎر ﺑﺮاﻣﺞ اﳌﺤﺎﺳﺒﺔ اﳌﺘﻮﻓﺮة ﰲ اﻟﺴﻮق ﺗﱰاوح ﻣﻦ ﺣﺰم ﺑﺮﻣﺠﻴﺎت‬ ‫اﻷﻋامل ﻋﲆ ﻣﺴﺘﻮى اﻹدﺧﺎل إﱃ اﻟﱪاﻣﺞ اﻷﻛرث ﺗﻘﺪﻣﺎً ﻣﺜﻞ ﻛﻮﻳﻜﺒﻮﻛﺲ‪.‬‬ ‫وﻣﻊ ذﻟﻚ‪ ،‬ﺣﻴﺚ أن ﻣﻌﻈﻢ ﻫﺬه اﻟﱪاﻣﺞ ﻣﺨﺼﺼﺔ ﻟﻠﴩﻛﺎت أﻛرث ﻣﻨﻬﺎ‬ ‫ﻟﻠﺘﺄﺟري اﻟﻌﻘﺎري‪ ،‬إﻻ أﻧﻪ ﻗﺪ ﻳﻜﻮن ﻟﻬﺎ ﺑﻌﺾ أوﺟﻪ اﻟﻘﺼﻮر‪ .‬ومثﺔ ﺧﻴﺎر‬ ‫آﺧﺮ وﻫﻮ اﺳﺘﺨﺪام ﺑﺮاﻣﺞ اﳌﺤﺎﺳﺒﺔ اﻹﺣﱰاﻓﻴﺔ ﻟﻠﺘﺄﺟري اﻟﻌﻘﺎري اﻟﺘﻲ‬ ‫ﺗﻬﺘﻢ ﺑﺠﻤﻴﻊ ﺟﻮاﻧﺐ اﻟﺤﻔﺎظ ﻋﲆ اﻟﺤﺴﺎﺑﺎت ﻋﻦ اﻟﻌﻘﺎرات اﻟﺨﺎﺻﺔ‬ ‫ﺑﻚ‪.‬‬

‫ﻋﲆ اﻟﺮﻏﻢ ﻣﻦ أن ﺣﻔﻆ اﻟﺴﺠﻼت واﳌﺤﺎﺳﺒﺔ ﻳﻬﺘﻢ ﺑﻐﺎﻟﺒﻴﺔ اﻟﺠﺰء‬ ‫اﳌﺘﻌﻠﻖ ﺑﺎﻹدارة اﳌﺎﻟﻴﺔ ﻣﻦ إدارة اﻟﻌﻘﺎرات اﳌﺴﺘﺄﺟﺮة‪ ،‬ﻫﻨﺎك أﻳﻀﺎ‬ ‫ﺟﺎﻧﺐ اﻟﴬاﺋﺐ اﻟﺬي ﻳﺘﻌني اﻟﻨﻈﺮ ﻓﻴﻪ‪ .‬ﰲ درس اﻟﺸﻬﺮ اﳌﻘﺒﻞ‪ ،‬ﺳﻮف‬ ‫ﻧﻨﺎﻗﺶ ﺑﺎﻟﺘﻔﺼﻴﻞ ﻣﺨﺘﻠﻒ اﻻﺳﱰاﺗﻴﺠﻴﺎت اﻟﺘﻲ ميﻜﻦ اﺳﺘﺨﺪاﻣﻬﺎ‬ ‫ﻟﻠﺤﺼﻮل ﻋﲆ أﻗﴡ ﻓﺎﺋﺪة ﻣﻦ ﻋﻘﺎراﺗﻚ ﻣﻊ اﻻﻟﺘﺰام ﺑﻘﻮاﻧني اﻟﴬاﺋﺐ‬ ‫اﻟﻌﻘﺎرﻳﺔ‪.‬‬

‫ﻫﻨﺎك اﻟﻌﺪﻳﺪ ﻣﻦ ﺣﺰم ﻫﺬه اﻟﱪﻣﺠﻴﺎت اﳌﺘﺎﺣﺔ ﰲ اﻟﺴﻮق‪ ،‬ﻛﻞ ﻣﻨﻬﺎ‬ ‫ﻳﺄيت ﻣﻊ إﻳﺠﺎﺑﻴﺎت وﺳﻠﺒﻴﺎت‪ .‬اﻟﺤﺼﻮل ﻋﲆ ﺗﻮﺻﻴﺎت ﻣﻦ ﻣﺴﺘﺸﺎرك‬ ‫اﻟﴬﻳﺒﻲ‪ ،‬ﻣﺤﺎﺳﺒﻚ أو اﳌﺴﺘﺨﺪﻣني اﻟﻔﻌﻠﻴني‪ .‬إذا ﻛﺎن ﻟﻠﺤﺰﻣﺔ ﻧﺴﺨﺔ‬ ‫ﺗﺠﺮﻳﺒﻴﺔ أو إﺻﺪار ﻣﺠﺎين‪ ،‬ميﻜﻨﻚ ﺗﺤﻤﻴﻞ اﻟﱪﻧﺎﻣﺞ ﻟﻠﺘﺤﻘﻖ ﻣام إذا ﻛﺎن‬ ‫ﻣﺮﻳﺤﺎً ﻟﻚ ﰲ اﺳﺘﺨﺪاﻣﻪ ﺑﺎﻧﺘﻈﺎم‪ .‬مبﺠﺮد ﺗﺤﺪﻳﺪ اﻟﱪﻧﺎﻣﺞ اﳌﻨﺎﺳﺐ‪ ،‬ﻗﻢ‬ ‫ﺑﴩاﺋﻪ واﻟﺤﻔﺎظ ﻋﲆ ﺣﺴﺎﺑﺎﺗﻚ ﻛﺎﳌﺤﱰﻓني‪.‬‬

‫‪25‬‬

‫‪- 22‬‬

‫‪2014‬‬

‫إﻋﺪاد اﳌﻴﺰاﻧﻴﺔ وإدارة اﻟﺘﺪﻓﻘﺎت اﻟﻨﻘﺪﻳﺔ‬

‫اﻟﺤﻔﺎظ ﻋﲆ اﻟﺤﺴﺎﺑﺎت ﻳﺪوﻳﺎ‬

‫ﻟﻜﻞ ﻋﻘﺎر‪ ،‬ﻗﺪ ﻳﻜﻮن ﻟﺪﻳﻚ ﺗﻘﺪﻳﺮ ﺗﻘﺮﻳﺒﻲ ﻣﻦ اﳌﻜﺎﺳﺐ اﳌﺤﺘﻤﻠﺔ‬ ‫واﻟﻨﻔﻘﺎت‪ .‬وإﻋﺪاد ﻣﻴﺰاﻧﻴﺔ ﻟﻠﺪﺧﻞ اﳌﺴﺘﻘﺒﲇ ﻟﻠﻌﻘﺎر‪ ،‬ﻓﻀﻼ ﻋﻦ‬ ‫اﳌﴫوﻓﺎت اﳌﺘﻮﻗﻌﺔ ﺗﺠﻌﻞ ﻣﻦ اﻟﺴﻬﻞ ﺗﺘﺒﻊ آداء اﻟﻌﻘﺎر‪ .‬وﻫﻨﺎك ﺧﻄﺄ‬ ‫ﺷﺎﺋﻊ وﻫﻮ ﻋﺪم ﻗﻴﺎم اﻟﻜﺜري ﻣﻦ أﺻﺤﺎب ﺑﺤﺴﺎب ﻣﻴﺰاﻧﻴﺔ ﻛﺎﻓﻴﺔ‬ ‫ﻟﺘﻐﻄﻴﺔ اﻟﻨﻔﻘﺎت ﻣﺜﻞ اﻹﺻﻼﺣﺎت واﻟﺼﻴﺎﻧﺔ‪ .‬وﻧﺘﻴﺠﺔ ﻟﺬﻟﻚ‪ ،‬ﻳﻮاﺟﻬﻮن‬ ‫ﻧﻘﺼﺎ ﰲ اﻷﻣﻮال ﻋﻨﺪﻣﺎ ﻳﺤني اﻟﻮﻗﺖ ﻻﺟﺮاء اﺻﻼﺣﺎت ﻳﺠﺐ اﻟﻘﻴﺎم ﺑﻬﺎ‪.‬‬

‫ﻋﻨﺪﻣﺎ ﻳﻜﻮن ﻟﺪﻳﻚ ﻋﻘﺎر واﺣﺪ أو اﺛﻨني ﻓﻘﻂ‪ ،‬ﻓﻤﻦ اﻟﺴﻬﻞ إدارة‬ ‫اﻟﺤﺴﺎﺑﺎت ﻳﺪوﻳﺎ ﻣﻦ ﺧﻼل ﺗﺴﺠﻴﻞ ﻛﻞ ﻣﻌﺎﻣﻠﺔ ﰲ ﺳﺠﻞ إﱃ ﺟﺎﻧﺐ‬ ‫اﻟﺤﻔﺎظ ﻋﲆ ﻣﻠﻒ ﻟﺪﻋﻢ اﻹﻳﺼﺎﻻت‪ .‬وﻣﻊ ذﻟﻚ‪ ،‬ﻋﻨﺪ ﺗﻌﺪد اﻟﻌﻘﺎرات‬ ‫ﻓﻤﻦ اﻷﻓﻀﻞ إﻗﺎﻣﺔ ﻧﻈﺎم ﻓﻌﺎل ﻳﺘﻴﺢ ﻟﻚ ﺗﺘﺒﻊ اﳌﻌﺎﻣﻼت ﺑﺴﻬﻮﻟﺔ‪ .‬ﻗﺪ‬ ‫ﻳﻨﻄﻮي ﻫﺬا ﻋﲆ اﻟﺤﻔﺎظ ﻋﲆ ﻣﺠﻤﻮﻋﺔ ﻣﻦ اﻟﺪﻓﺎﺗﺮ واﻟﺴﺠﻼت اﳌﺎﻟﻴﺔ‬ ‫ﻣﺜﻞ اﳌﺠﻼت واﻟﺪﻓﺎﺗﺮ ودﻓﺎﺗﺮ اﻟﻮداﺋﻊ اﳌﴫﻓﻴﺔ ودﻓﺎﺗﺮ إﻳﺼﺎﻻت‬ ‫اﺳﺘﻼم اﳌﺒﺎﻟﻎ اﻟﻨﻘﺪﻳﺔ‪.‬‬

‫ﻣﻴﺰاﻧﻴﺔ اﻹﻳﺮادات واﳌﴫوﻓﺎت اﳌﺘﻮﻗﻌﺔ ﺗﺴﺎﻋﺪ ﰲ ﺗﺨﺼﻴﺺ ﺟﺰء ﻣﻦ‬ ‫اﻹﻳﺠﺎر ﻟﺼﻨﺪوق اﺣﺘﻴﺎﻃﻲ ميﻜﻦ اﺳﺘﺨﺪاﻣﻪ ﻟﻺﺻﻼح واﻟﺼﻴﺎﻧﺔ ﻋﻨﺪ‬ ‫اﻟﺤﺎﺟﺔ إﱃ اﻟﻘﻴﺎم ﺑﺬﻟﻚ‪ .‬وﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬ﻓﻤﻦ اﳌﻨﻄﻘﻲ إدارة‬ ‫اﻟﺘﺪﻓﻖ اﻟﻨﻘﺪي اﻟﺨﺎص ﺑﻚ مبﺜﻞ ﻫﺬه اﻟﻄﺮﻳﻘﺔ ﺗﺤﺴﺒﺎً ﻟﻔﱰات ﻋﺪم‬ ‫اﻹﻳﺠﺎر ﺣﻴﺚ ﻗﺪ ﺗﻜﻮن ﻫﻨﺎك أوﻗﺎت ﻳﻜﻮن ﻓﻴﻬﺎ ﻋﻘﺎرك ﺷﺎﻏﺮا ً وﻻ‬ ‫ﻳﺤﻘﻖ دﺧﻼً ﻟﺒﻀﻌﺔ أﺷﻬﺮ‪ .‬إﻧﺸﺎء ﺻﻨﺪوق ﻛﺎف ﻟﻠﺤﻔﺎظ ﻋﲆ ﻧﻔﻘﺎت‬ ‫اﻟﻌﻘﺎر ﻟﺒﻀﻌﺔ أﺷﻬﺮ‪ .‬ﺑﻬﺬه اﻟﻄﺮﻳﻘﺔ‪ ،‬ﻟﻦ ﺗﻔﻘﺪ اﻟﻨﻮم ﻋﻨﺪ اﻧﺨﻔﺎض‬ ‫ﺳﻮق اﻹﻳﺠﺎر إﱃ أدىن ﻣﺴﺘﻮﻳﺎﺗﻪ‪.‬‬

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‫اﺳﺘﺨﺪام ﺑﺮاﻣﺞ اﳌﺤﺎﺳﺒﺔ‬ ‫ﻷﺻﺤﺎب اﻟﻌﻘﺎرات اﳌﺘﻌﺪدة‪ ،‬ﻗﺪ ﻳﻜﻮن اﻟﺤﻔﺎظ ﻋﲆ اﻟﺴﺠﻼت اﳌﺎﻟﻴﺔ‬ ‫إﻟﻜﱰوﻧﻴﺎ ﻫﻮ اﻟﺨﻴﺎر اﻷﻓﻀﻞ ﻷﻧﻪ ﻳﺒﺴﻂ ﻋﻤﻠﻴﺔ إدﺧﺎل اﳌﻌﻠﻮﻣﺎت‬ ‫وﻛﺬﻟﻚ ﺗﻮﻟﻴﺪ اﻟﺘﻘﺎرﻳﺮ ﻟﻜﻞ ﻋﻘﺎر‪ .‬إذا ﻛﺎن ﻟﺪﻳﻚ ﻋﻘﺎر واﺣﺪ‪ ،‬ﻓﺈن‬ ‫اﻟﺤﻔﺎظ ﻋﲆ اﻟﺒﻴﺎﻧﺎت ﻋﲆ اﻟﻜﻤﺒﻴﻮﺗﺮ ﻟﻦ ﻳﻜﻮن ﻛﺎﻓﻴﺎ‪ .‬ﺑﺪﻻ ﻣﻦ ذﻟﻚ‪،‬‬ ‫ميﻜﻨﻚ أن ﺗﻔﻜﺮ ﰲ ﴍاء ﺑﺮاﻣﺞ اﳌﺤﺎﺳﺒﺔ اﻟﺘﻲ ﺗﺒﺴﻂ ﻋﻤﻠﻴﺔ إدارة‬ ‫اﻟﺴﺠﻼت اﳌﺎﻟﻴﺔ ﻟﻠﻌﻘﺎرات اﳌﺘﻌﺪدة‪.‬‬

‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫ميﻜﻦ ﻟﻠﺤﻔﺎظ ﻋﲆ اﻟﺤﺴﺎﺑﺎت اﳌﺎﻟﻴﺔ أﻳﻀﺎ ﻣﺴﺎﻋﺪﺗﻚ ﻋﲆ اﳌﺪى‬ ‫اﻟﻄﻮﻳﻞ‪ ،‬وﺧﺼﻮﺻﺎ ﻋﻨﺪﻣﺎ ﻳﺤني وﻗﺖ ﺑﻴﻊ اﻟﻌﻘﺎر وﻣﻌﻈﻢ اﳌﺸﱰﻳﻦ‬ ‫ﻳﺸﻌﺮون ﺑﺎﻟﺮاﺣﺔ ﻋﻨﺪ اﻹﻃﻼع ﻋﲆ دﻓﺎﺗﺮ اﻟﺤﺴﺎﺑﺎت اﻟﺘﻲ ﺗﴪد‬ ‫ﺑﻮﺿﻮح اﻹﻳﺮادات واﻟﻨﻔﻘﺎت‪ .‬ﰲ اﻟﻮﻗﺖ اﻟﺤﺎﴐ‪ ،‬اﻟﺨﺪﻣﺎت اﳌﴫﻓﻴﺔ‬ ‫اﻹﻟﻜﱰوﻧﻴﺔ ﺗﺴﺎﻋﺪ ﻣﻦ ﺧﻼل ﺗﺒﺴﻴﻂ ﻋﻤﻠﻴﺔ ﺟﻤﻊ اﻹﻳﺠﺎر وﻛﺬﻟﻚ‬ ‫اﻟﺴﺪاد ﻟﻠﻤﻮردﻳﻦ واﳌﻘﺎوﻟني ﻣﻦ ﺧﻼل ﺗﻮﻓري اﻟﺴﺠﻼت واﻹﻳﺼﺎﻻت‬ ‫اﻟﻔﻮرﻳﺔ وميﻜﻦ اﻟﻮﺻﻮل إﻟﻴﻬﺎ ﺑﺴﻬﻮﻟﺔ‪ .‬وﻣﻊ ذﻟﻚ‪ ،‬ﺑﻌﺾ اﳌﺴﺘﺄﺟﺮﻳﻦ‬ ‫واﻟﺒﺎﺋﻌني ﻗﺪ ﻳﻔﻀﻠﻮن اﻟﺪﻓﻊ ﻋﻦ ﻃﺮﻳﻖ اﻟﺸﻴﻜﺎت‪ ،‬ﻟﺬﻟﻚ ﺳﻴﺘﻮﺟﺐ‬ ‫ﻋﻠﻴﻚ اﻟﺤﻔﺎظ ﻋﲆ اﻟﻮﺛﺎﺋﻖ ﻛﺪﻟﻴﻞ ﻋﲆ اﳌﻌﺎﻣﻼت اﳌﺎﻟﻴﺔ‪.‬‬

‫ﺗﺘﺒﻊ اﻟﺪﺧﻞ واﻟﻨﻔﻘﺎت‬ ‫إﺟﻌﻠﻬﺎ ﻗﺎﻋﺪة ﰲ ﻣﻌﺎﻣﻼﺗﻚ وﻗﻢ ﺑﺘﺤﺮﻳﺮ إﻳﺼﺎﻻت ﻟﻠﻤﺴﺘﺄﺟﺮ ﻋﻨﺪﻣﺎ‬ ‫ﺗﺘﻠﻘﻰ ﺷﻴﻜﺎً ﻋﲆ ﻧﺤﻮ اﻹﻳﺠﺎر‪ .‬وﺑﺎﳌﺜﻞ‪ ،‬ﻋﻨﺪ اﻟﺪﻓﻊ‪ ،‬وﻗﻢ ﺑﺎﻹﴏار ﻋﲆ‬ ‫اﻟﺤﺼﻮل ﻋﲆ إﻳﺼﺎل ﻟﺬﻟﻚ‪ .‬ﺣﻴﺜام ﻛﺎن ذﻟﻚ ﻣﻤﻜﻨﺎ‪ ،‬ﺣﺎول اﻟﺪﻓﻊ ﻋﻦ‬ ‫ﻃﺮﻳﻖ اﻟﺸﻴﻜﺎت ﻷن ﻫﺬا ﺳﻮف ﻳﺴﺠﻞ ﺗﻠﻘﺎﺋﻴﺎ ﰲ اﻟﺒﻴﺎﻧﺎت اﳌﴫﻓﻴﺔ‬ ‫اﻟﺨﺎﺻﺔ ﺑﻚ‪ .‬ﻋﻨﺪ اﻟﺪﻓﻊ ﻧﻘﺪا‪ ،‬ﻏﺎﻟﺒﺎً ﻣﺎ ﻳﻘﻮم اﻟﺒﺎﺋﻌﻮن ﺑﺈﺻﺪار إﻳﺼﺎﻻت‬ ‫ﻋﺎﻣﺔ‪ ،‬وﴍﻋﻴﺔ ﻫﺬه اﻹﻳﺼﺎﻻت ﻗﺪ ﺗﻜﻮن ﻣﺤﻞ ﺗﺸﻜﻴﻚ‪.‬‬

‫إذا ﻛﺎن ﻟﺪﻳﻚ أﻛرث ﻣﻦ ﻋﻘﺎر ﻟﻺﻳﺠﺎر‪ ،‬ﻓﻤﻦ اﻷﻓﻀﻞ اﻟﺤﻔﺎظ ﻋﲆ‬ ‫ﺳﺠﻼت ﻣﻨﻔﺼﻠﺔ ﻣﻦ اﻟﺤﺴﺎﺑﺎت ﻟﻜﻞ واﺣﺪ ﻣﻨﻬﺎ ﻣﻦ أﺟﻞ ﺗﻔﺎدي‬ ‫اﻟﺨﻠﻂ‪ .‬ﰲ ﺣني ميﻜﻨﻚ اﻻﺳﺘﻤﺮار ﰲ اﺳﺘﺨﺪام ﺣﺴﺎب ﻣﴫﰲ واﺣﺪ‬ ‫ﻟﺠﻤﻴﻊ اﳌﻌﺎﻣﻼت اﻟﺨﺎﺻﺔ ﺑﻚ‪ ،‬مبﺎ ﰲ ذﻟﻚ اﻟﻨﻔﻘﺎت اﻟﺸﺨﺼﻴﺔ‪ ،‬إﻻ أن‬ ‫اﻣﺘﻼك ﺳﺠﻼت ﻣﻨﻔﺼﻠﺔ ﻟﻜﻞ ﻋﻘﺎر ﺳﻮف ﻳﺒﺴﻂ اﻟﻌﻤﻠﻴﺔ ﻛﺜريا ً ﻋﻨﺪ‬ ‫ﻣﺤﺎوﻟﺔ ﺗﻌﻘﺐ أي ﻋﻤﻠﻴﺔ ﻟﻠﺪﻓﻊ أو اﻻﺳﺘﻼم‪ ،‬ﰲ ﺣﺎل وﺟﻮد اﺳﺘﻔﺴﺎر‬ ‫ﻣﻦ ﻣﺼﻠﺤﺔ اﻟﴬاﺋﺐ‪.‬‬ ‫ﺑﻴﻨام ﻳﻨﻤﻮ دﺧﻠﻚ اﻹﻳﺠﺎري ﻣام ﻳﺴﻤﺢ ﻟﻚ ﺑﺎﻻﺳﺘﺜامر ﰲ وﺣﺪات‬ ‫ﻣﺘﻌﺪدة‪ ،‬ﻗﺪ ﻳﻜﻮن ﻣﻦ اﳌﺴﺘﺤﺴﻦ أﻳﻀﺎ ﺗﻌﻴني ﻣﺪﻳﺮ ﻋﻘﺎري ﻟﻴﻜﻮن‬ ‫ﻣﺴﺆوﻻً ﻋﻦ إدارة ﺣﺴﺎﺑﺎﺗﻚ ﺑﺎﺣﱰاﻓﻴﺔ‪ .‬وﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬اﻻﺳﺘﻌﺎﻧﺔ‬ ‫ﺑﺨﺪﻣﺎت ﻣﺴﺘﺸﺎر اﻟﴬاﺋﺐ ﻗﺪ ﻳﻜﻮن ﻣﻔﻴﺪا ً ﰲ ﺗﺤﺪﻳﺪ أﻧﻮاع اﻟﻨﻔﻘﺎت‬ ‫اﻟﺘﻲ ميﻜﻦ ﺷﻄﺒﻬﺎ ﻛﻞ ﻋﺎم‪ .‬ﻋﲆ ﺳﺒﻴﻞ اﳌﺜﺎل‪ ،‬ميﻜﻦ ﳌﺴﺘﺸﺎر اﻟﴬاﺋﺐ‬ ‫أن ﻳﻌﻄﻴﻚ ﻣﺪﺧﻼت مثﻴﻨﺔ ﳌﺨﺘﻠﻒ اﻟﺒﻨﻮد اﻟﺘﻲ ﺗﺄيت ﺗﺤﺖ ﺗﺼﻨﻴﻒ‬ ‫ﻧﻔﻘﺎت اﻟﺘﺸﻐﻴﻞ واﻟﻨﻔﻘﺎت اﻟﺮأﺳامﻟﻴﺔ‪ .‬ﰲ ﺣني أن اﻷول ميﻜﻦ ﺷﻄﺒﻪ‬ ‫ﰲ اﻟﺴﻨﺔ اﻟﺘﻲ ﻳﺘﻢ ﺗﻜﺒﺪﻫﺎ ﻓﻴﻬﺎ‪ ،‬وﻫﺬا اﻷﺧري ﺳﻴﺨﻀﻊ ﻟﻼﺳﺘﻬﻼك ﻋﲆ‬ ‫ﻣﺪى اﻟﻔﱰة اﳌﻘﺪرة ﻟﻸﺻﻞ‪.‬‬

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‫‪20‬‬ ‫ﰲ اﻟﺸﻬﺮ اﳌﺎﴈ‪ ،‬ﺗﻌﺮﻓﻨﺎ ﻋﲆ ﺗﻔﺎﺻﻴﻞ ﺣﻔﻆ اﻟﺴﺠﻼت وأﻫﻤﻴﺘﻬﺎ ﰲ ﺣامﻳﺔ ﻋﻘﺎرك‪ .‬اﳌﺤﺎﺳﺒﺔ ﻫﻲ ﺟﺎﻧﺐ ﻫﺎم‬ ‫آﺧﺮ ﻣﻦ إدارة اﻟﻌﻘﺎرات‪ ،‬اﻟﺘﻲ ﻳﻨﺒﻐﻲ أن ﺗﻴﻀﻄﻠﻊ ﺑﻬﺎ ﻛﻞ ﻣﺎﻟﻚ‪ ،‬وﳌﺎ ﻛﺎن اﻣﺘﻼك ﻋﻘﺎر وﺗﺄﺟريه ﻳﺤﻘﻖ دﺧﻼً‬ ‫ﻳﺨﻀﻊ ﻟﻠﴬﻳﺒﺔ‪ .‬ﻓﺈن وﺟﻮد اﻟﺴﺠﻼت اﳌﺎﻟﻴﺔ اﻟﻼزﻣﺔ ﻟﺪﻋﻢ اﻹﻗﺮارات اﻟﴬﻳﺒﻴﺔ اﻟﺨﺎﺻﺔ ﺑﻚ إﻟﺰاﻣﻲ واﻟﺴﻠﻄﺎت‬ ‫اﻟﴬﻳﺒﻴﺔ ميﻜﻦ أن ﺗﻄﻠﺐ ﻣﻨﻚ ﺗﻘﺪﻳﻢ اﻟﻮﺛﺎﺋﻖ اﻟﺪاﻋﻤﺔ ﰲ أي وﻗﺖ‪.‬‬

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Valoran Real Estate Brokers Your Lifestyle Broker

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LTV .

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21

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2014

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Occupancy Rates Average Occupancy Rates for Premium Grade and Grade A Office Space by Micro-market Average Occupancy Rate (%) 2Q 2014

1Q 2014

93.4

92.8

Raffles Place/New Downtown

97.2

96.9

Shenton Way/Tanjong Pagar

99.4

97.2

Marina/City Hall

98.4

98.5

Beach Road

96.1

95.7

Orchand Road

98.1

94.0

City Fringe

97.6

96.2

Suburban

98.7

97.9

Micro-market PEREMIUM Raffles Place/New Downtown GRADE A

Source: Colliers International Research

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‫اﻟﺪﻳﻦ )‪ (TDSR‬ﺟﻠﺒﺖ ﻣﺒﻴﻌﺎت اﻟﺴﻮق اﻟﺠامﻋﻲ ﻋﲆ اﻟﺘﻮﻗﻒ‪ .‬ﰲ‬ ‫ﺣني ميﻜﻦ ﻟﻠﻤﻄﻮرﻳﻦ اﻟﺤﺼﻮل ﻋﲆ إﺳﻘﺎط ﻣﻦ ‪ ABSD‬إذا ﺗﻢ ﺑﻴﻊ‬ ‫ﺟﻤﻴﻊ اﻟﻮﺣﺪات اﻟﺘﻲ ﻗﺎﻣﻮا ﺑﺈﻧﺸﺎﺋﻬﺎ ﰲ ﻋﻘﺎر ﺟﺪﻳﺪ ﰲ ﻏﻀﻮن ﻓﱰة‬ ‫ﺧﻤﺲ ﺳﻨﻮات‪ ،‬مل ﻳﻌﺪ ﻟﺪﻳﻬﻢ اﻟﺤﺎﻓﺰ ﻋﲆ متﻠﻚ اﻷرض ﻣﻘﺎﺑﻞ اﻟﺘﻤﻮﻳﻞ‬ ‫اﳌﴫﰲ ﻃﻮﻳﻞ اﻷﺟﻞ‪ .‬وﺑﺎﳌﺜﻞ‪ ،‬ﺣﻴﺚ ﻳﻨﺺ ‪ TDSR‬ﻋﲆ دﻓﻊ ﻣﻘﺪم‬ ‫أﻛﱪ ﻟﻠﻮﺣﺪة اﻟﺠﺪﻳﺪة‪ ،‬ﻳﻮاﺻﻞ اﻟﺒﺎﺋﻌﻮن اﻟﺘﻤﺴﻚ ﺑﻮﺣﺪاﺗﻬﻢ ﰲ ﺗﻮﻗﻊ‬ ‫ﻻرﺗﻔﺎع أﻗﺴﺎط اﻟﺘﺄﻣني‪ .‬ﻧﻈﺮا ﻻﺗﺴﺎع اﻟﻔﺠﻮة ﺑني ﺗﻮﻗﻌﺎت اﻟﺒﺎﺋﻌني‬ ‫واﳌﺸﱰﻳﻦ‪ ،‬ﺗﺴﺘﻐﺮق اﳌﺒﻴﻌﺎت اﻟﺠامﻋﻴﺔ وﻗﺘﺎ أﻃﻮل ﺣﺘﻰ ﻳﺘﻢ إﺑﺮاﻣﻬﺎ‪،‬‬ ‫وﺑﺎﻟﺘﺎﱄ‪ ،‬ﻗﺪ ﺗﱰاﺟﻊ ﺧﻼل اﻟﺴﻨﻮات اﻟﻘﻠﻴﻠﺔ اﳌﺎﺿﻴﺔ‪.‬‬

‫ﰲ ﻇﻞ اﻟﺘﻮﻗﻌﺎت اﻟﺘﺠﺎرﻳﺔ اﻹﻳﺠﺎﺑﻴﺔ ﺣﻮل ارﺗﻔﺎع منﻮ اﻷﺳﻮاق اﳌﺤﻠﻴﺔ‬ ‫وﻛﺬﻟﻚ اﻷﺳﻮاق اﻟﻌﺎﳌﻴﺔ‪ ،‬ﺷﻬﺪ ﺳﻮق اﻟﻌﻘﺎرات اﳌﻜﺘﺒﻴﺔ ﰲ ﺳﻨﻐﺎﻓﻮرة‬ ‫ﺗﻌﺰﻳﺰا ً ﺧﻼل اﻟﺮﺑﻊ اﻟﺜﺎين ﻣﻦ ﻋﺎم ‪ .2014‬اﻟﻄﻠﺐ اﳌﺘﺰاﻳﺪ ﻣﻦ اﻟﴩﻛﺎت‬ ‫ﺷﻬﺪ ﺗﺤﺴﻦ ﻧﺸﺎط اﻟﺘﺄﺟري ﺧﻼل اﻟﺮﺑﻊ‪ ،‬وﺧﺼﻮﺻﺎ ﰲ اﻟﺘﻄﻮرات‬ ‫اﻟﺠﺪﻳﺪة واﳌﺴﺘﻘﺒﻠﻴﺔ‪ .‬ﺑﺪاﻓﻊ ﻣﻦ اﻟﻄﻠﺐ اﳌﺘﺠﺪد ﻟﻠﺘﺄﺟري‪ ،‬وﺻﻠﺖ‬ ‫ﺟﻤﻴﻊ اﻷﺳﻮاق اﻟﺼﻐرية ﻟﻠﻤﻜﺎﺗﺐ ﻣﻦ اﻟﻔﺌﺔ ‪ -‬أ ﰲ ﺳﻨﻐﺎﻓﻮرة إﱃ ﻣﻌﺪل‬ ‫اﻹﺷﻐﺎل اﻟﻜﺎﻣﻞ ﻣﻦ ‪ 95‬ﰲ اﳌﺎﺋﺔ ﺑﺤﻠﻮل ﻧﻬﺎﻳﺔ ﻳﻮﻧﻴﻮ ‪ .2014‬ﺣﺘﻰ ﰲ‬ ‫ﴍﻳﺤﺔ اﻟﻌﻘﺎرات اﳌﻜﺘﺒﻴﺔ اﳌﻤﻴﺰة‪ ،‬وﺻﻞ اﻹﺷﻐﺎل إﱃ ‪ 93.4‬ﰲ اﳌﺎﺋﺔ‬ ‫ﺧﻼل اﻟﺮﺑﻊ اﻟﺜﺎين‪ ،‬وﻫﻮ أﻋﲆ ﻣﺴﺘﻮى ﻳﺴﺠﻞ ﺧﻼل اﻷرﺑﺎع اﻷرﺑﻌﺔ‬ ‫اﳌﺎﺿﻴﺔ‪.‬‬

‫ﻣﻊ وﺻﻮل ﻣﺴﺘﻮﻳﺎت اﻹﺷﻐﺎل إﱃ اﻟﺤﺪ اﻷﻗﴡ‪ ،‬ارﺗﻔﻌﺖ اﻹﻳﺠﺎرات ﰲ‬ ‫اﻷﺳﻮاق‪ ،‬وﻟﻜﻦ ﻟﻴﺲ إﱃ ﺣﺪ ﻛﺒري‪ ،‬ﻣﻊ اﺳﺘﻤﺮار اﻟﴩﻛﺎت ﰲ اﺗﺒﺎع ﻧﻬﺞ‬ ‫ﺣﺬر ﺗﺠﺎه اﻟﺰﻳﺎدات اﻟﻜﺒرية ﰲ اﻟﺘﻜﺎﻟﻴﻒ‪ .‬وﻧﺘﻴﺠﺔ ﻟﺬﻟﻚ‪ ،‬ارﺗﻔﻌﺖ‬ ‫إﻳﺠﺎرات اﳌﻜﺎﺗﺐ ﻓﻘﻂ ﺑﻨﺴﺒﺔ ‪ 3.5‬ﰲ اﳌﺎﺋﺔ ﰲ اﻟﺮﺑﻊ أﺑﺮﻳﻞ ‪ -‬ﻳﻮﻧﻴﻮ‪.‬‬ ‫‪ .2014‬وﰲ ﻗﻄﺎع اﳌﻜﺎﺗﺐ اﳌﻤﻴﺰة‪ ،‬ﳌﺴﺖ اﻹﻳﺠﺎرات ‪ 11‬دوﻻر ﻟﻜﻞ‬ ‫ﻗﺪم ﻣﺮﺑﻊ ﰲ ﻳﻮﻧﻴﻮ ﻋﺎم ‪ ،2014‬وﻫﻮ أﻋﲆ ﻣﺴﺘﻮى ﰲ ﻋﺎﻣني وﻧﺼﻒ‪.‬‬ ‫وﺑﻠﻎ ﻣﺘﻮﺳﻂ اﻹﻳﺠﺎرات اﻟﺸﻬﺮﻳﺔ اﻹﺟامﻟﻴﺔ ﰲ ﻗﻄﺎع اﳌﻜﺎﺗﺐ ﻣﻦ‬ ‫اﻟﻔﺌﺔ ‪ -‬أ أﻳﻀﺎً أﻋﲆ ﻣﺴﺘﻮى ﻋﲆ ﻣﺪى ﺳﻨﺘني وﻧﺼﻒ اﻟﺴﻨﺔ ﺑﺤﻮاﱄ‬ ‫‪ 9،10‬دوﻻر ﻟﻜﻞ ﻗﺪم ﻣﺮﺑﻊ‪ ،‬وزﻳﺎدة ﻋﲆ أﺳﺎس رﺑﻊ ﺳﻨﻮي مبﻌﺪل ‪1.2‬‬ ‫ﰲ اﳌﺎﺋﺔ ﺧﻼل اﻟﺮﺑﻊ اﻟﺜﺎين ﻣﻦ اﻟﻌﺎم‪.‬‬ ‫ﻣﻊ اﻟﺘﻮﻗﻌﺎت اﻟﺘﺠﺎرﻳﺔ اﻹﻳﺠﺎﺑﻴﺔ واﻧﺘﻌﺎش اﻹﻳﺠﺎرات‪ ،‬ﻣﺒﻴﻌﺎت ﻣﻠﻜﻴﺔ‬ ‫اﻟﻌﻘﺎرات ﻣﺘﻌﺪدة اﻟﻄﻮاﺑﻖ ﻣﻦ اﳌﺴﺎﺣﺎت اﳌﻜﺘﺒﻴﺔ أﻳﻀﺎً ﺧﻼل اﻟﺮﺑﻊ‬ ‫اﻟﺜﺎين ﻣﻦ ‪ .2014‬وأﻇﻬﺮت ﺑﻴﺎﻧﺎت ﻣﻦ ﻫﻴﺌﺔ إﻋﺎدة اﻟﺘﻄﻮﻳﺮ اﻟﺤﴬي‬ ‫أن ‪ 144‬ﻃﻠﺐ ﻗﺪ ﺗﻢ رﻓﻌﻬﺎ ﻋﲆ اﳌﺴﺎﺣﺎت اﳌﻜﺘﺒﻴﺔ ﻣﺘﻌﺪدة اﻟﻄﻮاﺑﻖ‬ ‫ﺧﻼل اﻷﺳﺎﺑﻴﻊ اﻟﺘﺴﻌﺔ اﻷوﱃ ﻣﻦ اﻟﺮﺑﻊ اﻟﺜﺎين ﻣﻘﺎرﻧﺔ ﻣﻊ ‪ 66‬ﻃﻠﺐ‬ ‫ﺧﻼل ﻧﻔﺲ اﻟﻔﱰة ﰲ اﻟﺮﺑﻊ اﻷول‪.‬‬ ‫ﻧﺘﺞ ﻋﻦ زﻳﺎدة اﻟﺰﺧﻢ ﰲ ﻣﺒﻴﻌﺎت اﻟﺴﻮق أﻳﻀﺎ ارﺗﻔﺎع ﰲ ﻗﻴﻢ رأس اﳌﺎل‬ ‫ﻣﻦ اﳌﺴﺎﺣﺎت اﳌﻜﺘﺒﻴﺔ‪ .‬ﰲ ﻣﻨﻄﻘﺔ راﻓﻠﺰ ‪ /‬ﺳﻮق وﺳﻂ اﳌﺪﻳﻨﺔ اﻟﺠﺪﻳﺪ‪،‬‬ ‫ارﺗﻔﻊ ﻣﺘﻮﺳﻂ ﻗﻴﻢ رأس اﳌﺎل ﻟﻠﻤﺴﺎﺣﺎت اﳌﻜﺘﺒﻴﺔ اﳌﻤﻴﺰة وﻣﺴﺎﺣﺎت‬ ‫اﳌﻜﺎﺗﺐ ﻣﻦ اﻟﻔﺌﺔ ‪ -‬أ ﺑﻨﺴﺒﺔ ‪ 0.9‬ﰲ اﳌﺎﺋﺔ و ‪ 1.0‬ﰲ اﳌﺎﺋﺔ ﻋﲆ اﻟﺘﻮاﱄ‪.‬‬

‫‪Number of Residential Collective Sales Transactions‬‬ ‫)‪(by Price Band‬‬

‫‪40‬‬ ‫‪35‬‬ ‫‪30‬‬ ‫‪25‬‬ ‫‪20‬‬ ‫‪15‬‬ ‫‪10‬‬ ‫‪5‬‬ ‫‪0‬‬ ‫‪2013‬‬

‫‪2012‬‬

‫‪Equal to or more than $100 million‬‬

‫‪2011‬‬

‫‪2010‬‬

‫‪2009‬‬

‫‪Less than $100 million‬‬

‫‪Source: Colliers International Research‬‬

‫‪19‬‬

‫‪- 22‬‬

‫‪2014‬‬

‫ﰲ أﻋﻘﺎب اﳌﺒﺎدئ اﻟﺘﻮﺟﻴﻬﻴﺔ اﻟﺘﻲ وﺿﻌﻬﺎ ﻗﺎﻧﻮن اﻟﻌﻘﺎرات اﻟﺴﻜﻨﻴﺔ‬ ‫ﻋﺎم ‪ ،2005‬ﺣﻴﺚ ﻻ ﻳﺘﻄﻠﺐ ﻣﻦ اﻷﺟﺎﻧﺐ اﻟﺤﺼﻮل ﻋﲆ ﻣﻮاﻓﻘﺔ‬ ‫اﻟﺤﻜﻮﻣﺔ ﻋﻨﺪ ﴍاء اﻟﻮﺣﺪات اﻟﺴﻜﻨﻴﺔ ﰲ اﳌﺒﺎين اﻷﻗﻞ ﻣﻦ ﺳﺘﺔ ﻃﻮاﺑﻖ‪.‬‬ ‫ميﻜﻨﻬﻢ أﻳﻀﺎ ﴍاء اﻟﻮﺣﺪات اﻟﺴﻜﻨﻴﺔ ﺑﻌﺪ اﳌﻮاﻓﻘﺔ‪ ،‬ﻓﻴام ﻳﺠﺐ ﻋﻠﻴﻬﻢ‬ ‫اﻟﺤﺼﻮل ﻋﲆ ﻣﻮاﻓﻘﺔ ﻣﻦ ﺳﻠﻄﺔ اﻷراﴈ ﰲ ﺳﻨﻐﺎﻓﻮرة ﻟﴩاء اﻷراﴈ‬ ‫اﻟﺸﺎﻏﺮة أو اﻷراﴈ اﳌﻌﺪة ﻟﻸﻏﺮاض اﻟﺴﻜﻨﻴﺔ‪ .‬وﻻ ﻳﻨﻄﺒﻖ ﻫﺬا اﻟﺘﻘﻴﻴﺪ‬ ‫ﻋﲆ اﻷراﴈ اﳌﺴﺘﺨﺪﻣﺔ ﻷﻏﺮاض ﻏري اﻟﺴﻜﻨﻴﺔ‪ .‬ﻻ ﺗﻜﺎد ﺗﻮﺟﺪ أي ﻗﻴﻮد‬ ‫ﻋﲆ اﻟﴫف اﻷﺟﻨﺒﻲ‪ ،‬واﻷﺟﺎﻧﺐ ﻳﻘﱰﺿﻮن ﻣﺎ ﻳﺼﻞ إﱃ ‪ 80‬ﰲ اﳌﺎﺋﺔ ﻣﻦ‬ ‫ﺗﻜﻠﻔﺔ اﻟﻌﻘﺎر ﻣﺤﻠﻴﺎ ﺑﺎﻟﺪوﻻر اﻟﺴﻨﻐﺎﻓﻮري‪.‬‬

‫ﻣﻊ اﻷﺧﺬ ﰲ اﻻﻋﺘﺒﺎر ﻧﺴﺒﺔ إﺟامﱄ دﻳﻮن ﺧﺪﻣﺎت )‪ (TDSR‬ﰲ ﻳﻮﻧﻴﻮ‬ ‫ﻋﺎم ‪ ،2013‬ﻛﺎﻧﺖ أﺳﻌﺎر اﳌﺴﺎﻛﻦ ﺗﻠني ﰲ اﻟﻘﻄﺎع اﻟﺴﻜﻨﻲ اﻟﺨﺎص‪.‬‬ ‫وﻣﻊ ذﻟﻚ‪ ،‬ﻛﺎن اﳌﻄﻮرون ﻳﻌﻤﻠﻮن ﻋﲆ إﺣﻴﺎء اﻟﺴﻮق ﻋﻦ ﻃﺮﻳﻖ زﻳﺎدة‬ ‫أﻧﺸﻄﺔ اﻹﺻﺪارات واﳌﺒﻴﻌﺎت‪ .‬ﰲ اﻟﺮﺑﻊ اﻟﺜﺎين ﻣﻦ ﻋﺎم ‪ ،2014‬ﻻ‬ ‫ﻳﺘﻀﻤﻦ ذﻟﻚ اﻟﺸﻘﻖ اﻟﺘﻨﻔﻴﺬﻳﺔ‪ ،‬ﺗﻢ اﻧﻄﻼق ‪ 2،990‬وﺣﺪة‪ ،‬واﻟﺘﻲ ﻛﺎﻧﺖ‬ ‫متﺜﻞ زﻳﺎدة ﻋﲆ اﺳﺎس رﺑﻊ ﺳﻨﻮي ‪ 52.2‬ﰲ اﳌﺎﺋﺔ ﻋﻦ اﻟﺮﺑﻊ اﻷول ﻣﻦ‬ ‫اﻟﻌﺎم‪ .‬اﳌﺸﺎرﻳﻊ ذات اﻷﺳﻌﺎر اﻟﺠﻴﺪة واﳌﻮاﻗﻊ اﻟﺠﺬاﺑﺔ ﺷﻬﺪت اﻫﺘامﻣﺎ‬ ‫ﻣﺘﺰاﻳﺪا ﻣﻦ اﳌﺸﱰﻳﻦ وأﺳﻔﺮت ﻋﻦ ﺑﻴﻊ ‪ 2،658‬وﺣﺪة ﺧﻼل اﻟﺮﺑﻊ‪،‬‬ ‫ﺑﺰﻳﺎدة ﻗﺪرﻫﺎ ‪ 54.7‬ﰲ اﳌﺎﺋﺔ ﻋﻦ اﻟﺮﺑﻊ اﻟﺴﺎﺑﻖ وﻛﺬﻟﻚ ﺗﺴﺠﻴﻞ أﻋﲆ‬ ‫ﺣﺠﻢ ﻣﺒﻴﻌﺎت رﺑﻊ ﺳﻨﻮي ﻣﻨﺬ ﻏﻌﻼن ‪.TDSR‬‬ ‫ﻣﻊ اﻟﻘﻴﻮد اﻟﺠﺪﻳﺪة‪ ،‬اﺳﺘﻤﺮت اﻟﻘﺪرة ﻋﲆ ﺗﺤﻤﻞ ﺗﻜﺎﻟﻴﻒ اﻟﺸﻘﻖ‬ ‫ﻟﺘﻜﻮن اﳌﺸﻜﻠﺔ اﻟﺮﺋﻴﺴﻴﺔ‪ ،‬ورﻛﺰ اﳌﻄﻮرﻳﻦ ﻋﲆ إﻃﻼق وﺣﺪات ﺑﺄﺳﻌﺎر‬

‫ﻣﻌﻘﻮﻟﺔ ﰲ ﺗﻄﻮرات اﻟﺴﻮق اﻟﺠامﻋﻴﺔ واﻟﺘﻲ ﺗﻘﻊ ﺧﺎرج اﳌﻨﻄﻘﺔ‬ ‫اﳌﺮﻛﺰﻳﺔ‪ .‬ازداد اﻫﺘامم اﳌﺸﱰي أﻳﻀﺎ ﰲ ﺑﻘﻴﺔ اﳌﻨﻄﻘﺔ اﳌﺮﻛﺰﻳﺔ‪ ،‬ﻣام‬ ‫أدى إﱃ زﻳﺎدة ﺣﺠﻢ اﻟﴩاء ﻋﲆ اﺳﺎس رﺑﻊ ﺳﻨﻮي ﺑﻨﺴﺒﺔ ‪ 57.2‬ﰲ‬ ‫اﳌﺎﺋﺔ ﻟﺘﺼﻞ إﱃ ‪ 899‬وﺣﺪة‪ .‬ﰲ وﺳﻂ اﳌﻨﻄﻘﺔ اﳌﺮﻛﺰﻳﺔ‪ ،‬ﻋﲆ اﻟﺮﻏﻢ ﻣﻦ‬ ‫زﻳﺎدة ﻧﺸﺎط اﻹﻃﻼق ﺑﺸﻜﻞ ﻫﺎﻣﴚ‪ ،‬ﻇﻞ اﻫﺘامم اﳌﺸﱰي ﻣﻨﺨﻔﻀﺎً‬ ‫وﺗﺒﻨﻰ اﳌﺸﱰون اﳌﺤﺘﻤﻠﻮن ﻧﻬﺠﺎً ﺣﺬرا ً‪ .‬ﺑﺎﳌﻘﺎرﻧﺔ ﻣﻊ ﻣﻨﺎﻃﻖ أﺧﺮى‪،‬‬ ‫ﻛﺎﻧﺖ اﻟﺰﻳﺎدة ﰲ ﺣﺠﻢ اﳌﺒﻴﻌﺎت ﻣﻨﺨﻔﻀﺔ أﻳﻀﺎ ﻋﻨﺪ ‪ 5.8‬ﰲ اﳌﺎﺋﺔ‬ ‫ﺑﺰﻳﺎدة ﻋﲆ اﺳﺎس رﺑﻊ ﺳﻨﻮي ﻣﻊ ﺑﻴﻊ ‪ 128‬وﺣﺪة ﰲ اﻹﺟامل‪ ،‬ﰲ ﺣني‬ ‫ﺗﻢ اﻧﻄﻼق ‪ 378‬وﺣﺪة ﺳﻜﻨﻴﺔ ﺟﺪﻳﺪة ﻣﻦ ﻗﺒﻞ اﳌﻄﻮرﻳﻦ‪.‬‬ ‫ﺑﻴﻨام ﻟﺠﺄ اﳌﻄﻮرون إﱃ ﺗﻘﺪﻳﻢ أﺳﻌﺎر ﺗﻨﺎﻓﺴﻴﺔ ﻟﺪﻓﻊ اﳌﺸﱰﻳﻦ إﱃ‬ ‫اﻟﴩاء‪ ،‬واﺻﻠﺖ أﺳﻌﺎر اﳌﻨﺎزل اﻟﺴﻜﻨﻴﺔ اﻟﺨﺎﺻﺔ ﰲ اﻻﻧﺨﻔﺎض ﺧﻼل‬ ‫اﻟﺮﺑﻊ أﺑﺮﻳﻞ ‪ -‬ﻳﻮﻧﻴﻮ ‪ .2014‬وﺗﺮاﺟﻌﺖ اﻷﺳﻌﺎر ﺑﻨﺴﺒﺔ ‪ 1.1‬ﰲ اﳌﺎﺋﺔ ﰲ‬ ‫اﻟﺮﺑﻊ اﻟﺜﺎين‪ ،‬وذﻟﻚ ﺑﻌﺪ اﻧﺨﻔﺎض ﺑﻨﺴﺒﺔ ‪ 1.3‬ﰲ اﳌﺎﺋﺔ ﺧﻼل أول رﺑﻊ‬ ‫ﻣﻦ اﻟﻌﺎم‪ .‬وﺗﻢ ﺗﺴﺠﻴﻞ اﻧﺨﻔﺎض ﰲ اﻷﺳﻌﺎر ﰲ ﺟﻤﻴﻊ اﳌﻨﺎﻃﻖ اﻟﺜﻼث‬ ‫ﰲ اﻟﺒﻼد‪ ،‬ﻣﺸريا اﱃ ان اﺟﺮاءات اﻟﺘﻬﺪﺋﺔ اﻟﺤﻜﻮﻣﻴﺔ ﻛﺎن ﻟﻬﺎ دور ﰲ‬ ‫ﺧﻠﻖ ﺑﻴﺌﺔ ﻫﺎدﺋﺔ‪.‬‬ ‫ﰲ وﻗﺖ ﺳﺎﺑﻖ‪ ،‬ﺑﺪأ اﳌﺸﱰون ﻳﻨﻈﺮون إﱃ اﳌﺒﻴﻌﺎت اﻟﺴﻜﻨﻴﺔ اﻟﺠامﻋﻴﺔ‬ ‫أو اﻟﺸﻘﻖ اﻟﺴﻜﻨﻴﺔ ﻛﻮﺳﻴﻠﺔ ﻟﺘﺤﻘﻴﻖ ﻣﻜﺎﺳﺐ ﻏري ﻣﺘﻮﻗﻌﺔ واﻟﺘﻲ ميﻜﻦ‬ ‫اﺳﺘﺜامرﻫﺎ ﰲ اﻟﻌﻘﺎرات اﻟﺨﺎﺻﺔ اﻟﻔﺎﺧﺮة‪ .‬وﻣﻊ ذﻟﻚ‪ ،‬ﻣﻨﺬ ﻋﺎم ‪،2003‬‬ ‫ارﺗﻔﺎع ﻧﺴﺒﺔ ﻗﻄﻊ اﻷراﴈ ﰲ اﻟﺨﻄﺔ اﻟﺮﺋﻴﺴﻴﺔ مل ﻳﻜﻦ ﻛﺎﻓﻴﺎً متﺎﻣﺎً‬ ‫ﻟﻠﺴامح ﻟﻠﻤﻄﻮرﻳﻦ ﻟﺪﻓﻊ اﻷﺳﻌﺎر اﳌﺮﺗﻔﻌﺔ اﻟﺘﻲ ﻛﺎﻧﻮا ﻋﲆ اﺳﺘﻌﺪاد‬ ‫ﻟﺘﻘﺪميﻬﺎ ﻣﻦ ﻗﺒﻞ‪ .‬وﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬إدﺧﺎل ﺗﺪاﺑري اﻟﺘﻬﺪﺋﺔ ﻣﺜﻞ‬ ‫ﴐﻳﺒﺔ اﻟﺪﻣﻐﺔ ﻋﲆ اﻟﺒﻴﻊ اﻹﺿﺎﰲ )‪ (ABSD‬وﻣﺠﻤﻮع ﻧﺴﺒﺔ ﺧﺪﻣﺔ‬

‫‪Quarter-on-Quarter Change in Price Indices of Provate Residential Properties‬‬ ‫‪Non-landed Residential‬‬ ‫‪Rest of Central Region‬‬

‫‪Core Central Region‬‬

‫‪All Residential‬‬

‫‪Outside Central Region‬‬ ‫‪3.8%‬‬

‫‪-0.2%‬‬

‫‪-0.2%‬‬

‫‪1.0%‬‬

‫‪2Q 2013‬‬

‫‪2.2%‬‬

‫‪-0.9%‬‬

‫‪-0.3%‬‬

‫‪0.4%‬‬

‫‪3Q 2013‬‬

‫‪-1.0%‬‬

‫‪0.4%‬‬

‫‪-2.1%‬‬

‫‪-0.9%‬‬

‫‪4Q 2013‬‬

‫‪-0.1%‬‬

‫‪-3.3%‬‬

‫‪-1.1%‬‬

‫‪-1.3%‬‬

‫‪11 2014‬‬

‫‪-1.1%‬‬

‫‪-0.6%‬‬

‫‪-1.5%‬‬

‫‪-1.1%‬‬

‫*‪2Q 2014‬‬

‫‪* Flash Estimate‬‬

‫‪www.valoran.ae‬‬

‫‪Period‬‬

‫‪Source: URA‬‬

‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫ﰲ ﻋﺎم ‪ ،2006‬ﺑﺴﺒﺐ اﻧﺨﻔﺎض أﺳﻌﺎر اﻟﻔﺎﺋﺪة واﳌﻀﺎرﺑﺔ ﻣﻦ ﻗﺒﻞ‬ ‫اﳌﺴﺘﺜﻤﺮﻳﻦ اﻷﺟﺎﻧﺐ‪ ،‬ارﺗﻔﻌﺖ أﺳﻌﺎر اﻟﻌﻘﺎرات ﺑﺸﻜﻞ ﻛﺒري‪ .‬ﺑﺤﻠﻮل‬ ‫ﻋﺎم ‪ ،2009‬ﻧﻔﺬت اﻟﺤﻜﻮﻣﺔ ﺗﺪاﺑري اﻟﺮﻗﺎﺑﺔ‪ ،‬مبﺎ ﰲ ذﻟﻚ اﻟﻮﻗﺎﻳﺔ ﻣﻦ‬ ‫اﻟﺮﻫﻮن اﻟﻌﻘﺎرﻳﺔ ﻟﻠﻔﺎﺋﺪة ﻓﻘﻂ وﺗﻘﻴﻴﺪ اﳌﻄﻮرﻳﻦ ﻣﻦ اﻣﺘﺼﺎص‬ ‫ﻣﺪﻓﻮﻋﺎت اﻟﻔﺎﺋﺪة ﻋﲆ اﻟﻮﺣﺪات ﻗﻴﺪ اﻹﻧﺸﺎء‪ .‬ﻣﻨﺬ ذﻟﻚ اﻟﺤني‪ ،‬ﺗﻢ‬ ‫اﻹﻋﻼن ﻋﻦ ﺣﻮاﱄ ﺳﺒﻊ ﺟﻮﻻت ﻣﻦ اﺟﺮاءات اﻟﺘﻬﺪﺋﺔ ﻣﻦ ﻗﺒﻞ اﻟﺤﻜﻮﻣﺔ‬ ‫ﻟﻠﺤﺪ ﻣﻦ اﻟﺰﻳﺎدة اﻟﴪﻳﻌﺔ ﰲ اﻷﺳﻌﺎر‪ .‬وﻧﺠﺤﺖ ﻫﺬه اﻟﻌﻤﻠﻴﺔ إﱃ ﺣﺪ‬ ‫ﻛﺒري ﻣﻊ ﺑﻘﺎء أﺳﻌﺎر اﻟﻌﻘﺎرات واﻟﻄﻠﺐ ﺗﺤﺖ اﳌﺮاﻗﺒﺔ‪.‬‬

‫‪Geographical Distribution of New Units‬‬ ‫‪Launched & Sold in 2Q 2014‬‬

‫‪100%‬‬ ‫‪80%‬‬ ‫‪61.4%‬‬

‫‪54.1%‬‬

‫‪60%‬‬ ‫‪33.8%‬‬

‫‪33.2%‬‬ ‫‪4.8%‬‬

‫‪Outside Central Region‬‬

‫‪Rest of Central Region‬‬

‫‪Poporation of Units Sold‬‬

‫ﰲ ﻳﻨﺎﻳﺮ ﻋﺎم ‪ ،2013‬أﻋﻠﻨﺖ اﻟﺤﻜﻮﻣﺔ ﻋﻦ اﻟﺠﻮﻟﺔ اﻟﺴﺎﺑﻌﺔ ﻣﻦ اﺟﺮاءات‬ ‫اﻟﺘﻬﺪﺋﺔ اﻟﺘﻲ ﺷﻤﻠﺖ زﻳﺎدة ﰲ ﻣﻌﺪﻻت ﴐﻳﺒﺔ اﻟﺪﻣﻐﺔ ﻋﲆ اﳌﺒﻴﻌﺎت‬ ‫اﻹﺿﺎﻓﻴﺔ‪ ،‬واﳌﺴﺘﺤﻘﺔ ﻋﲆ اﳌﻘﻴﻤني اﻟﺪامئني )‪ (PRS‬ﻋﻨﺪ ﴍاء أول‬ ‫ﻣﻤﺘﻠﻜﺎﺗﻬﻢ اﻟﺴﻜﻨﻴﺔ واﳌﻮاﻃﻨني اﻟﺴﻨﻐﺎﻓﻮرﻳني ﻋﻨﺪ ﴍاء اﻟﻌﻘﺎرات‬ ‫اﻟﺜﺎﻧﻮﻳﺔ‪ .‬وﺗﺸﻤﻞ اﻟﺘﺪاﺑري اﻷﺧﺮى ﺣﺪود أﻛرث ﴏاﻣﺔ ﻋﲆ ‪LTV‬‬ ‫ﻟﻠﺤﺼﻮل ﻋﲆ ﻗﺮوض اﻹﺳﻜﺎن‪ ،‬ﻓﻀﻼ ﻋﻦ اﻟﺰﻳﺎدة ﰲ اﻟﺤﺪ اﻟﻨﻘﺪي‬ ‫اﻷدين ﻟﻠﺪﻓﻊ ﻟﻠﻤﺸﱰﻳﻦ اﳌﺘﻘﺪﻣني ﺑﻄﻠﺐ ﻟﻠﺤﺼﻮل ﻋﲆ ﻗﺮض إﺳﻜﺎين‬ ‫ﻻﺣﻖ‪.‬‬

‫‪40%‬‬ ‫‪12.6%‬‬

‫‪20%‬‬ ‫‪0%‬‬

‫‪Core Central Region‬‬

‫‪Proportion of Units Launched‬‬

‫‪Source: URA/Colliers International Research‬‬

‫ﻧﺘﻴﺠﺔ ﻟﻬﺬه اﻟﺘﺪاﺑري‪ ،‬ﻗﺪ ﺗﱰاﺟﻊ أﺳﻌﺎر اﳌﻨﺎزل ﰲ ﺳﻨﻐﺎﻓﻮرة رﻏﻢ‬ ‫ﺗﺤﻘﻴﻖ ﻣﻌﺪل منﻮ اﻗﺘﺼﺎدي ﻣﻌﻘﻮل‪ .‬ﺟﻌﻠﺖ أﻳﻀﺎ ﻣﻦ اﻟﺼﻌﺐ ﻋﲆ‬ ‫ﻣﻮاﻃﻨﻲ ﺳﻨﻐﺎﻓﻮرة ﴍاء ﺷﻘﻖ ﺧﺎﺻﺔ ذات ﻧﻮﻋﻴﺔ أﻓﻀﻞ ﺑﻌﺪ ﺑﻴﻊ‬ ‫وﺣﺪاﺗﻬﻢ اﻟﺴﻜﻨﻴﺔ اﻟﺤﻜﻮﻣﻴﺔ‪ .‬وﻧﺘﻴﺠﺔ ﻟﻬﺬا‪ ،‬ﻓﺈن اﻟﺴﻮق اﻟﺴﻜﻨﻲ‬ ‫اﻟﺨﺎص آﺧﺬ ﰲ اﻻﻧﺨﻔﺎض ﺣﻴﺚ أن اﻟﻄﻠﺐ ﻣﻦ اﻟﺴﻨﻐﺎﻓﻮرﻳني ﻫﺎدﺋﺎً‬ ‫إﱃ ﺣﺪ ﻣﺎ‪.‬‬

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‫ﻣﻨﺬ ﺣﺼﻠﺖ اﻟﺒﻼد ﻋﲆ اﺳﺘﻘﻼﻟﻬﺎ ﰲ ﻋﺎم ‪ ،1965‬ﺗﺤﺖ إدارة ﱄ ﻛﻮان ﻳﻮ أول رﺋﻴﺲ وزراء ﰲ‬ ‫اﻟﺒﻼد‪ ،‬ﺗﻘﺪﻣﺖ ﺳﻨﻐﺎﻓﻮرة واﻛﺘﺴﺒﺖ ﻣﻜﺎﻧﺔ ﻛﻮﻧﻬﺎ أﺣﺪ اﻟﺒﻠﺪان اﻷﻛرث ازدﻫﺎرا ﰲ آﺳﻴﺎ‪ .‬متﺖ‬ ‫اﻟﺴﻴﻄﺮة ﻋﲆ ﺳﻮق اﻟﻌﻘﺎرات ﰲ اﻟﺒﻼد ﻣﻦ ﻗﺒﻞ اﻟﺤﻜﻮﻣﺔ ﻣﻦ اﻷﻳﺎم اﻷوﱃ‪ ،‬وﻛﺠﺰء ﻣﻦ ﺳﻴﺎﺳﺔ‬ ‫اﻹﺳﻜﺎن‪ ،‬أﻧﺸﺄت اﻟﺤﻜﻮﻣﺔ ﻋﺪدا ﻛﺒريا ﻣﻦ اﻟﺸﻘﻖ اﻟﻌﺎﻣﺔ‪ ،‬واﻟﺘﻲ ﺗﻮﻓﺮ اﻟﺴﻜﻦ ﻟﻨﺤﻮ ‪ 80‬ﰲ اﳌﺎﺋﺔ‬ ‫ﻣﻦ اﳌﻮاﻃﻨني‪ .‬وﻧﺘﻴﺠﺔ ﻟﺬﻟﻚ‪ ،‬ﺳﻨﻐﺎﻓﻮرة ﻟﺪﻳﻬﺎ أﺣﺪ أﻋﲆ إﺣﺼﺎءات ﻣﻠﻜﻴﺔ اﳌﻨﺎزل ﰲ اﻟﻌﺎمل‪.‬‬

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‫‪5‬‬ ‫ﻫﻴﻨﻴﴘ ﻓﻴﻨﻮم إف‪ ،5‬واﻟﺘﻲ ﺳﻮف ﺗﺨﻠﻒ ﻓﻴﻨﻮم ﺟﻲ يت‪ ،‬وﺗﺴﺘﻤﺪ‬ ‫اﺳﻤﻬﺎ ﻣﻦ أﻋﲆ رﺗﺒﺔ ﺗﻌﻄﻰ ﻟﻼﻋﺼﺎر ﻋﲆ ﻣﻘﻴﺎس ﻓﻮﺟﻴﺘﺎ‪ .‬اﻟﺸﻜﻞ‬ ‫اﳌﺴﺤﻮب‪ ،‬واﻟﺘﻜﻨﻮﻟﻮﺟﻴﺎ اﻟﺠﺪﻳﺪة وزﻳﺎدة اﻟﻘﻮة ﺳﻮف ﺗﻌﻤﻞ ﺟﻤﻴﻌﺎً‬ ‫ﻋﲆ ﺗﻘﺪﻳﻢ أﻋﲆ آداء ﻣﻦ ﺧﻼل اﻟﺪﻳﻨﺎﻣﻴﻜﺎ اﻟﻬﻮاﺋﻴﺔ اﻷﻓﻀﻞ‪ .‬ﺑﺎﺳﺘﺨﺪام‬ ‫اﻟﺨﱪات اﻟﺴﺎﺑﻘﺔ ﻣﻦ ﺗﻄﻮﻳﺮ ﻓﻴﻨﻮم ﺟﻲ يت ﻟﻜﴪ ﺣﺎﺟﺰ ‪ 270‬ﻣﻴﻼ ﰲ‬ ‫اﻟﺴﺎﻋﺔ‪ ،‬ﺗﺨﻄﻂ اﻟﴩﻛﺔ ﻹدﺧﺎل ﺗﻐﻴريات ﰲ اﻟﺘﺼﻤﻴﻢ اﻟﺠﺪﻳﺪ ﺑﺤﻴﺚ‬ ‫ﻳﺘﻢ ﺗﻌﺰﻳﺰ أداء اﻟﺴﻴﺎرة‪.‬‬

‫ﻋﻨﺪﻣﺎ ﺗﻨﻄﻠﻖ رﺳﻤﻴﺎ ﰲ ﻋﺎم ‪ ،2015‬ﺳﻴﺘﻢ إﻧﺘﺎج ﻣﺎ ﻻ ﻳﻘﻞ ﻋﻦ ‪30‬‬ ‫ﺳﻴﺎرة ﻣﻦ ﻓﻴﻨﻮم إف‪ ،‬وﺳﺘﺒﺪأ ﻋﻤﻠﻴﺎت اﻟﺘﺴﻠﻴﻢ ﰲ ﻧﻬﺎﻳﺔ ‪ .2016‬ﻋﲆ‬ ‫اﻟﺮﻏﻢ ﻣﻦ أﻧﻪ مل ﻳﺘﻢ اﻹﻋﻼن ﻋﻦ ﺳﻌﺮ ﻓﻴﻨﻮم إف‪ ،5‬إﻻ أﻧﻪ ﺳﻮف ﻳﻜﻮن‬ ‫أﻋﲆ ﻣﻦ ﺳﻌﺮ ﺟﻲ يت واﻟﺘﻲ ﺑﻠﻎ ﺳﻌﺮﻫﺎ ‪ 1.2‬ﻣﻠﻴﻮن دوﻻر‪.‬‬

‫ﺳﺎﻋﺔ اﻟﺠﻴﺐ ﺳﻮﺑﺮﻛﻮﻣﺒﻴﻠﻴﻜﻴﺸﻦ ﻣﻦ ﺗﺼﻤﻴﻢ ﺑﺎﺗﻴﻚ ﻓﻴﻠﻴﺐ ﻟﺼﺎﻟﺢ‬ ‫ﻫرني ﻏﺮﻳﻔﺲ‪ ،‬وﺗﺴﻤﻰ ﺳﺎﻋﺔ اﻟﺠﻴﺐ ﺑﻬﺬا اﻻﺳﻢ ﻷﻧﻬﺎ ﺗﻌﺪ ﺳﺎﻋﺔ‬ ‫اﻟﺠﻴﺐ اﻷﻛرث ﺗﻌﻘﻴﺪا ً‪ .‬وﻳﺠﺮي اﻵن وﺿﻊ ﺳﺎﻋﺔ ﻟﻠﺒﻴﻊ ﺑﺎﳌﺰاد ﰲ ﺟﻨﻴﻒ‬ ‫ﻛﺠﺰء ﻫﺎم ﻣﻦ ﺣﺪث ﺳﻮﺛﻴﺒﻲ ﻟﺒﻴﻊ اﻟﺴﺎﻋﺎت اﻟﻬﺎﻣﺔ ﰲ ﻧﻮﻓﻤﱪ‪.‬‬ ‫وﺻﻨﻌﺖ اﻟﺴﺎﻋﺔ ﺑﻨﺎ ًء ﻋﲆ ﻃﻠﺐ ﻣﴫﰲ ﰲ ﻧﻴﻮﻳﻮرك ﰲ ﻋﺎم ‪ 1925‬وﺗﻢ‬ ‫ﺻﻨﻌﻬﺎ ﺑﻌﺪ ﺛﻼث ﺳﻨﻮات ﻣﻦ اﻟﺒﺤﺚ ﺗﻠﻴﻬﺎ ﺧﻤﺲ ﺳﻨﻮات أﺧﺮى‬ ‫ﻟﻠﻔﻨﻴني ﰲ ﺑﺎﺗﻴﻚ ﻓﻴﻠﻴﺐ ﻟﺼﻨﺎﻋﺘﻬﺎ‪ .‬واﻟﻨﺘﻴﺠﺔ ﻫﻲ ﺳﺎﻋﺔ ﺟﻴﺐ ﻗﻄﺮﻫﺎ‬ ‫‪ 2.9‬ﺑﻮﺻﺔ وﺳﻤﻚ واﺣﺪ وﻧﺼﻒ ﺑﻮﺻﺔ‪ .‬ﻫﻴﻜﻠﻬﺎ ﻣﺼﻨﻮع ﻣﻦ اﻟﺬﻫﺐ‬ ‫ﻋﻴﺎر ‪ 18‬ﻗرياط وﺑﻬﺎ اﻟﻌﺪﻳﺪ ﻣﻦ اﻟﺘﻌﻘﻴﺪات‪ .‬ﻣﻦ ﺑني اﻟﺴامت اﻟﺒﺎرزة‬ ‫ﻟﻠﺴﺎﻋﺔ ﻫﻲ ﻗﻴﺎس اﻟﺠﺰء ﻣﻦ اﻟﺜﺎﻧﻴﺔ‪ ،‬ﻣﺆﴍ ﻏﺮوب اﻟﺸﻤﺲ وﴍوق‬ ‫اﻟﺸﻤﺲ‪ ،‬ﻣﺆﴍ ﻣﺮﺣﻠﺔ اﻟﻘﻤﺮ‪ ،‬ﻣﻜﺮر اﻟﺪﻗﺎﺋﻖ وﺗﻘﻮﻳﻢ داﺋﻢ‪.‬‬

‫ﻣﺤﺮك اﻟﺴﻴﺎرة ﰲ ﻣﺮﺣﻠﺔ وﺿﻊ اﻟﻠﻤﺴﺎت اﻷﺧرية‪ ،‬ﻟﻜﻦ ﻣﻦ اﳌﺮﺟﺢ أن‬ ‫ﻳﻜﻮن ﻣﺤﺮك ‪ V-8‬ﺟرنال ﻣﻮﺗﻮرز ﻣﻦ ﺷﺄﻧﻪ أن ﻳﻨﺘﺞ أﻛرث ﻣﻦ‬ ‫‪1،400‬ﺣﺼﺎن ﻣﻴﻜﺎﻧﻴيك‪ ،‬ﻣﻊ ﺗﺨﻔﻴﺾ ﺗﻨﺎﻗﺺ اﻟﺴﺤﺐ إﱃ أﻗﻞ ﻣﻦ ‪0.4‬‬ ‫ﻣﻦ ‪ 0.44‬ﰲ اﳌﺎﺋﺔ ﰲ ﺳﻴﺎرات ﺟﻲ يت‪ .‬ﻣﻊ ﻫﻴﻜﻠﻬﺎ اﳌﺼﻨﻮع ﻣﻦ ﻣﻦ‬ ‫أﻟﻴﺎف ﻛﺎﺑني‪ ،‬ﻓﺈن اﻟﺴﻴﺎرة ﺗﺰن أﻗﻞ ﻣﻦ ‪ 2866‬ﺑﺎوﻧﺪ‪ .‬وﻫﺬا ﺳﻴﺠﻌﻞ ﻣﻦ‬ ‫ﻓﻴﻨﻮم إف‪5‬ﴎع ﺑﻜﺜري ﻣﻦ ﺟﻲ يت‪ ،‬واﻟﺘﻲ ميﻜﻦ أن ﺗﺼﻞ إﱃ ‪ 200‬ﻣﻴﻞ‬ ‫ﰲ اﻟﺴﺎﻋﺔ ﰲ ‪ 14.51‬ﺛﺎﻧﻴﺔ أو ‪ 186‬ﻣﻴﻞ ﰲ اﻟﺴﺎﻋﺔ ﰲ ‪ 13.63‬ﺛﺎﻧﻴﺔ‪.‬‬

‫ﺗﻌﺮض اﻟﺴﺎﻋﺔ اﻟﻮﻗﺖ اﻟﺸﻤﴘ ﻋﲆ اﻟﻮﺟﻪ اﻷﻣﺎﻣﻲ‪ ،‬ﰲ ﺣني ﻳﻈﻬﺮ‬ ‫وﺟﻬﺎ اﻟﺨﻠﻔﻲ اﻟﻮﻗﺖ اﻟﻔﻠيك اﻟﺬي ﻳﻘﻮم ﻋﲆ ﺣﺮﻛﺔ اﻟﻨﺠﻮم‪ .‬ﻛام‬ ‫ﺗﺘﻌﻘﺐ اﻟﺸﺎﺷﺔ ﺣﺮﻛﺔ اﻟﻨﺠﻮم ﻋﲆ ﻧﻴﻮﻳﻮرك‪ .‬ﻣﻊ ﻫﺬه اﳌﻴﺰات اﳌﻌﻘﺪة‪،‬‬ ‫متﻜﻨﺖ اﻟﺴﺎﻋﺔ ﻣﻦ اﻛﺘﺴﺎب ﻟﻘﺐ اﻟﺴﺎﻋﺔ اﻷﻛرث ﺗﻌﻘﻴﺪا ﰲ اﻟﻌﺎمل ﻷﻛرث‬ ‫ﻣﻦ ﻧﺼﻒ ﻗﺮن ﺣﺘﻰ ﺗﻢ اﺳﺘﺒﺪاﻟﻬﺎ ﺑﺴﺎﻋﺔ ﻛﺎﻟﻴﱪي ‪ 89‬ﻣﻦ ﺗﺼﻤﻴﻢ‬ ‫ﺑﺎﺗﻴﻚ ﻓﻴﻠﻴﺐ واﻟﺘﻲ ﺗﻀﻢ ‪ 33‬ﺗﻌﻘﻴﺪا ً‪ .‬وﻣﻊ ذﻟﻚ‪ ،‬ﺣﻴﺚ متﺖ ﺻﻨﺎﻋﺔ‬ ‫ﻛﺎﻟﻴﱪي ‪ 89‬ﺑﺎﺳﺘﺨﺪام آﻻت ﻳﺘﻢ اﻟﺘﺤﻜﻢ ﻓﻴﻬﺎ ﺑﺎﺳﺘﺨﺪام اﻟﻜﻤﺒﻴﻮﺗﺮ‪،‬‬ ‫ﺗﺤﺘﻔﻆ ﺳﻮﺑﺮﻛﻮﻣﺒﻴﻠﻴﻜﻴﺸﻦ ﺑﻠﻘﺐ اﻟﺴﺎﻋﺔ اﳌﺼﻨﻮﻋﺔ ﻳﺪوﻳﺎً اﻷﻛرث‬ ‫ﺗﻌﻘﻴﺪا ﰲ اﻟﻌﺎمل‪.‬‬ ‫ﺗﻢ ﴍاء ﺳﻮﺑﺮﻛﻮﻣﺒﻴﻠﻴﻜﻴﺸﻦ ﻣﻦ ﻗﺒﻞ ﻫرني ﻏﺮﻳﻔﺲ ﰲ ﻋﺎم ‪1925‬‬ ‫ﺑﻘﻴﻤﺔ ‪ 15,000‬دوﻻر )ﺣﻮاﱄ ‪ 200،000‬دوﻻر ﺑﺄﺳﻌﺎر اﻟﻴﻮم(‪ .‬ﻋﻨﺪﻣﺎ‬ ‫أﻋﻠﻦ ﺳﻮﺛﺒﻲ ﻋﻦ ﻫﺬه اﻟﺴﺎﻋﺔ ﻷول ﻣﺮة ﰲ ﻋﺎم ‪ ،1999‬ﺟﻠﺒﺖ ﻣﺒﻠﻐﺎً‬ ‫ﺿﺨامً ﻳﻘﺪر ﺑﺤﻮاﱄ ‪ 11‬ﻣﻠﻴﻮن دوﻻر‪ ،‬واﻟﺘﻲ ﻛﺎﻧﺖ أﻛرث ﻣﻦ ﺿﻌﻒ‬ ‫اﻟﺘﻘﺪﻳﺮات اﻟﺘﻲ ﻛﺎﻧﺖ ﺗﱰاوح ﺑني ‪ 3‬ﻣﻠﻴﻮن دوﻻر و ‪ 5‬ﻣﻠﻴﻮن دوﻻر‪،‬‬ ‫ﻣام اﻛﺴﺒﻬﺎ ﺳﺠﻞ ﻛﻮﻧﻬﺎ أﻏﲆ ﺳﺎﻋﺔ ﺗﺒﺎع ﰲ ﻣﺰاد‪ .‬اﻟﺘﻘﺪﻳﺮ اﻟﺤﺎﱄ‬ ‫ﻟﻠﺴﺎﻋﺔ‪ ،‬واﳌﺘﻮﻗﻊ ﰲ ﻧﻮﻓﻤﱪ ﻫﻮ ‪ 16.5‬ﻣﻠﻴﻮن دوﻻر‪.‬‬ ‫‪15‬‬

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‫‪30‬‬ ‫أﻋﻠﻨﺖ ﺑﺮﻳﻨﺴﻴﺲ ﻟﻠﻴﺨﻮت ﻋﻦ أﺣﺪث إﺿﺎﻓﺔ إﱃ أﺳﻄﻮل اﻟﻔﺌﺔ إم‬ ‫ﻟﻠﴩﻛﺔ – ﺑﺮﻳﻨﺴﻴﺲ ‪30‬إم‪ .‬اﻟﻴﺨﺖ اﻟﻔﺎﺧﺮ ﺑﻄﻮل ‪ 100‬ﻗﺪم‪ ،‬وﻫﻮ‬ ‫اﻷﺻﻐﺮ ﰲ اﻷﺳﻄﻮل‪ ،‬ﺳﻮف ﻳﻮﻓﺮ ﺷﻌﻮرا ً ﺑﺎﻻﺗﺴﺎع ﻧﻈﺮا ﻟﺘﺼﻤﻴﻤﻪ اﻟﺬيك‪.‬‬ ‫ﻣﺎ ﻳﻔﻘﺘﺪه ﰲ اﻟﺤﺠﻢ‪ ،‬ﺳﻮف ﻳﻌﻮﺿﻪ أﻛرث ﻣﻦ ﺣﻴﺚ ﴎﻋﺔ اﻹﺑﺤﺎر‬ ‫ﺣﻴﺚ أﻧﻪ أﺧﻒ وزﻧﺎً ﻣام ﻳﺘﻴﺢ ﻟﻠﻴﺨﺚ اﻹﺑﺤﺎر ﺑﴪﻋﺔ ﺣﻮاﱄ ‪ 30‬ﻋﻘﺪة‪.‬‬ ‫اﳌﻨﺎﻃﻖ اﻟﺪاﺧﻠﻴﺔ ﻣﻦ اﻟﺴﻔﻴﻨﺔ ميﻜﻦ أن ﺗﺴﺘﻮﻋﺐ ﺣﻮاﱄ ﺧﻤﺴﺔ ﻛﺒﺎﺋﻦ‬ ‫ﻣﺰدوﺟﺔ‪ ،‬واﻟﺘﻲ ﺗﺸﻤﻞ اﻟﺠﻨﺎح اﻟﺮﺋﻴﴘ ﻋﲆ اﻟﺴﻄﺢ اﻟﺮﺋﻴﴘ‪ .‬وﺳﻮف‬ ‫ﻳﺘﻤﺘﻊ اﻟﻴﺨﺖ ﺑﺎﳌﻴﺰات اﻟﻘﻴﺎﺳﻴﺔ ﻣﺜﻞ اﻟﺮﺧﺎم واﻟﺠﺮاﻧﻴﺖ واﻟﺨﺰاﺋﻦ‬ ‫اﳌﺼﻨﻮﻋﺔ ﻳﺪوﻳﺎ‪ ،‬وﻟﻮﺣﺎت اﻟﺘﺤﻜﻢ واﻟﺘﻲ ﻫﻲ ﻣﻮﺟﻮدة ﰲ ﻣﻌﻈﻢ‬

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‫ﻳﺨﻮت ﺑﺮﻳﻨﺴﻴﺲ‪ .‬وﺳﻮف ﻳﺘﻢ اﻟﺘﺼﻤﻴﻢ اﻟﺪاﺧﲇ ﺣﺴﺐ اﺧﺘﻴﺎر اﳌﺎﻟﻚ‪،‬‬ ‫وﺳﻴﺘﻢ ﺗﺨﺼﻴﺺ ﺻﺎﻟﻮن اﻟﺴﻄﺢ اﻟﺮﺋﻴﴘ ﻟﻴﺘﻨﺎﺳﺐ ﻣﻊ اﺣﺘﻴﺎﺟﺎت‬ ‫اﳌﺎﻟﻚ‪ ،‬مبﺎ ﰲ ذﻟﻚ ﻣﺘﻄﻠﺒﺎت ﺗﻨﺎول اﻟﻄﻌﺎم واﻟﺠﻠﻮس‪.‬‬ ‫ﻛﺎﺑﻴﻨﺔ اﻟﻘﻴﺎدة اﳌﺮﺗﻔﻌﺔ ﻣﺜﺎﻟﻴﺔ ﻟﻼﺳﺘﻤﺘﺎع ﺑﺄﺷﻌﺔ اﻟﺸﻤﺲ ﺣﻴﺚ أﻧﻬﺎ‬ ‫ﻣﻈﻠﻠﺔ ﺑﻮاﺳﻄﺔ اﻟﺠﴪ اﻟﻄﺎﻳﺮ‪ .‬وﻣﻦ اﳌﻴﺰات اﻷﺧﺮى اﻟﺘﻲ ﺗﺠﻌﻞ‬ ‫اﻟﻴﺨﺖ ﻣﺜﺎﻟﻴﺎً ﻟﻸﻳﺎم اﳌﺸﻤﺴﺔ وﺟﻮد ﺑﺎر ﻟﻠﻤﴩوﺑﺎت‪ ،‬ﻏﺮﻓﺔ اﻟﺘﺪﻟﻴﻚ‬ ‫واﻻﺳﺘﺤامم ﻋﲆ ﺳﻄﺢ اﻟﺴﻔﻴﻨﺔ‪ ،‬ﻣﻨﺼﺔ اﻻﺳﺘﺤامم اﻟﻬﻴﺪروﻟﻴﻜﻴﺔ‬ ‫وﻣﻨﻄﻘﺔ ﺟﻠﻮس ﻟﻄﻴﻔﺔ‪ .‬ﻛام ﺗﺘﻤﺘﻊ اﻟﺴﻔﻴﻨﺔ أﻳﻀﺎ مبﺮآب ميﻜﻨﻪ إﻳﻮاء‬ ‫زورق ‪4.5‬إم ميﻜﻦ اﺳﺘﺨﺪاﻣﻪ ﻟﻠﻤﻐﺎﻣﺮات‪ .‬وﻣﻦ اﳌﺘﻮﻗﻊ أن ﻳﻨﻀﻢ‬ ‫اﻟﻴﺨﺖ اﻟﺠﺪﻳﺪ إﱃ أﺳﻄﻮل اﻷﻣرية اﻟﻌﺎم اﻟﻘﺎدم‪.‬‬

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‫ﰲ اﳌﺎﺋﺔ ﰲ اﻟﻔﱰة ﻣﻦ أﻏﺴﻄﺲ ﻋﺎم ‪ 2013‬ﻋﻨﺪﻣﺎ مل ﻳﻜﻦ ﻫﻨﺎك ﺳﻮى‬ ‫إﻣﺪادات ‪ 6‬أﺷﻬﺮ‪.‬‬ ‫اﺳﺘﻤﺮار اﻟﻄﻠﺐ ﻋﲆ اﻟﻌﻘﺎرات اﻟﺠﺪﻳﺪة‪ ،‬وﺑﺨﺎﺻﺔ ﰲ ﻣﻴﺎﻣﻲ اﻟﺴﺎﺣﻠﻴﺔ‪،‬‬ ‫واﻟﺬي اﻧﻌﻜﺲ ﺑﺪوره ﻋﲆ ﻧﺸﺎط ﻗﻮي ﻟﻠﻤﺒﻴﻌﺎت ﰲ ﻫﺬا اﻟﺠﺰء‪ .‬ﰲ‬ ‫اﻟﻮاﻗﻊ‪ ،‬ميﻜﻦ أن ﻳﻌﺰى ﻫﺬا اﻻﻧﺨﻔﺎض ﰲ اﳌﺒﻴﻌﺎت ﻣﻦ اﻟﻮﺣﺪات‬ ‫اﻟﺴﻜﻨﻴﺔ اﻟﻘﺎمئﺔ ﰲ اﻟﺒﻨﺎء اﻟﺠﺪﻳﺪ اﻟﺬي ﺗﻢ دﺧﻮﻟﻪ اﻟﺴﻮق ﺧﻼل اﻟﻌﺎم‬ ‫اﳌﺎﴈ‪ .‬ﰲ ﻣﻘﺎﻃﻌﺔ ﻣﻴﺎﻣﻲ دﻳﺪ‪ ،‬وﻣﻦ ﺑني ‪ 180‬ﺑﺮج اﻟﺘﻲ ﺗﻢ اﻹﻋﻼن‬ ‫ﻋﻨﻬﺎ‪ 54 ،‬ﻛﺎﻧﺖ ﻗﻴﺪ اﻹﻧﺸﺎء وﺗﻢ اﻻﻧﺘﻬﺎء ﻣﻦ ‪ 7‬ﰲ ‪ .2014‬وﺗﻢ اﻻﻧﺘﻬﺎء‬ ‫ﻣﻦ ﻣﺮﺣﻠﺔ اﻟﺘﺨﻄﻴﻂ ﻟـ ‪ 59‬أﺧﺮى‪ ،‬ﻟﻜﻨﻬﺎ مل ﺗﺒﺪأ ﺑﻌﺪ ﰲ اﻟﺘﻄﻮﻳﺮ‪ ،‬ﰲ‬ ‫ﺣني أن ‪ 60‬ﻣﴩوﻋﺎ ﺣﺘﻰ اﻵن ﰲ ﻣﺮﺣﻠﺔ اﻟﺤﺼﻮل ﻋﲆ اﳌﻮاﻓﻘﺎت‪.‬‬

‫ﻣﻊ ﺗﺒﺎﻃﺆ ﻣﺒﻴﻌﺎت اﳌﻨﺎزل اﻟﻘﺎمئﺔ‪ ،‬ﻓﺈن اﻟﻄﻠﺐ ﻋﲆ اﻟﻮﺣﺪات اﻟﺠﺪﻳﺪة‬ ‫ﰲ اﳌﺸﺎرﻳﻊ اﻟﺴﻜﻨﻴﺔ اﻟﺠامﻋﻴﺔ ﻫﻮ اﳌﺤﺮك اﻟﺮﺋﻴﴘ ﰲ اﻟﻘﻄﺎع اﻟﺴﻜﻨﻲ‬ ‫ﰲ ﻫﻮﻧﻎ ﻛﻮﻧﻎ‪ .‬وﻓﻘﺎ ﻟﺘﻘﺮﻳﺮ ﺑﺤﺜﻲ ﺷﻬﺮي ﻣﻦ ﻧﺎﻳﺖ ﻓﺮاﻧﻚ‪ ،‬أﻋﻠﻦ‬ ‫اﳌﻄﻮرون ﻋﻦ إﻧﻄﻼق ﻣﺸﺎرﻳﻊ ﺟﺪﻳﺪة ﻣﻊ ﺗﻮﻓري اﻟﺤﻮاﻓﺰ ﻟﺠﺬب‬ ‫اﳌﺸﱰﻳﻦ‪ ،‬ﻣام ﺗﺴﺒﺐ ﰲ اﻧﺨﻔﺎض اﻟﻄﻠﺐ ﻋﲆ اﻟﻌﻘﺎرات اﻷﺧﺮى‪،‬‬ ‫ﺣﻴﺚ أن ﺑﺎﺋﻌﻴﻬﺎ ﻏري ﻗﺎدرﻳﻦ ﻋﲆ ﺗﻘﺪﻳﻢ ﻣﺜﻞ ﻫﺬه اﻟﺼﻔﻘﺎت‪.‬‬ ‫ﰲ ﻳﻮﻟﻴﻮ‪ ،‬ﺗﻢ ﺑﻴﻊ ﺣﻮاﱄ ‪ 7،792‬ﻣﻦ اﳌﻨﺎزل‪ ،‬أي ﺑﺰﻳﺎدة ﻋﲆ اﺳﺎس‬ ‫ﺳﻨﻮى ﻧﺴﺒﺘﻬﺎ ‪ 95.5‬ﰲ اﳌﺎﺋﺔ‪ .‬واﺳﺘﻤﺮ ﻫﺬا اﻻﺗﺠﺎه ﰲ أﻏﺴﻄﺲ ﻣﻊ‬ ‫إﻧﻄﻼق اﻟﻌﺪﻳﺪ ﻣﻦ اﳌﺸﺎرﻳﻊ اﻟﺠﺪﻳﺪة وﻇﻠﺖ اﳌﺒﻴﻌﺎت ﻗﻮﻳﺔ‪ ،‬واﳌﺜﺎل‬ ‫اﻟﻜﻼﺳﻴيك ﻋﲆ ذﻟﻚ ﺑﻴﻊ ‪ 21‬وﺣﺪة ﻣﻦ أﺻﻞ ‪ 30‬وﺣﺪة ﰲ اﻟﻴﻮم اﻷول‬ ‫ﰲ ﱄ رﻳﻔريا ﰲ ﺷﺎو ىك وان‪.‬‬ ‫ﰲ اﳌﻘﺎﺑﻞ‪ ،‬ﻛﺎﻧﺖ اﻟﻮﺗرية ﰲ ﺳﻮق إﻋﺎدة اﻟﺒﻴﻊ ﻣﻨﺨﻔﻀﺔ ﻟﻴﺲ ﻓﻘﻂ‬ ‫ﺑﺴﺒﺐ اﻟﻌﺮض اﳌﺤﺪود وﻟﻜﻦ أﻳﻀﺎ ﺑﺴﺒﺐ ﻋﺪم اﺳﺘﻌﺪاد اﻟﺒﺎﺋﻌني‬ ‫ﻟﻠﺘﻔﺎوض ﺣﻮل اﻷﺳﻌﺎر‪ .‬وﻧﺘﻴﺠﺔ ﻟﻬﺬا‪ ،‬ﺗﺤﻮل اﳌﺸﱰون ﻧﺤﻮ اﳌﺸﺎرﻳﻊ‬ ‫اﻟﺠﺪﻳﺪة اﻟﺘﻲ ﺗﻮﻓﺮ ﺣﺰم اﻟﺤﻮاﻓﺰ‪ ،‬وﺧﺎﺻﺔ ﰲ اﻷراﴈ اﻟﺠﺪﻳﺪة‪.‬‬

‫أﻇﻬﺮت اﻷﺑﺤﺎث اﻟﺘﻲ أﺟﺮﻳﺖ ﻣﺆﺧﺮا ﻣﻦ ﴍﻛﺔ ﺳﺎﻓﻴﻠﺲ اﻟﻌﻘﺎرﻳﺔ أن‬ ‫ﻟﻨﺪن ﺗﻔﻮﻗﺖ ﻋﲆ ﻫﻮﻧﺞ ﻛﻮﻧﺞ ﻟﺘﺼﺒﺢ أﻏﲆ ﻣﺪﻳﻨﺔ ﰲ اﻟﻌﺎمل ﻟﻠﻌﻴﺶ‬ ‫واﻟﻌﻤﻞ‪ .‬ﻛﺎﻧﺖ اﳌﺪن اﻷﺧﺮى اﻟﺘﺎﻟﻴﺔ ﺑﻌﺪ ﻫﻮﻧﻎ ﻛﻮﻧﻎ ﻟﺘﻤﺜﻞ أﻋﲆ ‪4‬‬ ‫ﻣﺪن ﻧﻴﻮﻳﻮرك وﺑﺎرﻳﺲ‪ .‬ﺗﻜﻠﻔﺔ اﻟﺠﻤﻊ ﺑني اﺳﺘﺌﺠﺎر اﳌﺴﺎﺣﺎت اﻟﺴﻜﻨﻴﺔ‬ ‫واﳌﻜﺘﺒﻴﺔ ﰲ ﻫﺬه اﳌﺪن اﻷرﺑﻊ اﻗﱰﺑﺖ ﻣﻦ ‪ 100،000‬دوﻻر ﻟﻜﻞ‬ ‫ﻣﻮﻇﻒ ﺳﻨﻮﻳﺎ‪.‬‬ ‫ﻣﻨﺬ إﻃﻼﻗﻬﺎ ﰲ ﻋﺎم ‪ ،2008‬ﻳﻘﻴﺶ ﻣﺆﴍ ﺳﺎﻓﻴﻠﺲ ﻟﻠﻌﻴﺶ ‪ /‬اﻟﻌﻤﻞ‬ ‫اﻟﺘﻜﻠﻔﺔ اﻹﺟامﻟﻴﺔ ﻟﻜﻞ ﻣﻮﻇﻒ ﻟﺘﺄﺟري اﳌﺴﺎﺣﺎت اﻟﺴﻜﻨﻴﺔ واﻟﻌﻤﻞ ﰲ‬ ‫‪ 12‬ﻣﺪﻳﻨﺔ ﰲ اﻟﻌﺎمل‪ .‬اﻟﺘﺼﻨﻴﻒ ﻳﺄﺧﺬ ﰲ اﻻﻋﺘﺒﺎر اﻟﺘﻘﻠﺒﺎت ﰲ ﺗﻜﺎﻟﻴﻒ‬ ‫اﳌﻌﻴﺸﺔ واﻟﻌﻤﻞ‪ ،‬ﺗﻜﺎﻟﻴﻒ اﳌﺴﺘﺄﺟﺮ واﻟﴬاﺋﺐ ﻓﻀﻼ ﻋﻦ ﺗﻘﻠﺒﺎت‬ ‫أﺳﻌﺎر اﻟﴫف‪.‬‬ ‫وارﺗﻔﻌﺖ ﺗﻜﺎﻟﻴﻒ اﻟﻌﻘﺎرات ﰲ ﻟﻨﺪن ﻣﻦ ﺣﻴﺚ اﻟﺪوﻻر ﺑﻨﺴﺒﺔ ‪10.6‬‬ ‫ﰲ اﳌﺎﺋﺔ ﻋﲆ أﺳﺎس ﺳﻨﻮي ﺧﻼل ‪ 6‬أﺷﻬﺮ اﻷوﱃ ﻣﻦ ﻋﺎم ‪ ،2014‬ﻣام‬ ‫أدى إﱃ ارﺗﻔﺎع اﻟﺘﻜﻠﻔﺔ اﻟﺴﻨﻮﻳﺔ ﻷﻣﺎﻛﻦ ﺳﻜﻦ اﳌﻮﻇﻔني إﱃ ‪121،000‬‬ ‫دوﻻر ﻟﻜﻞ ﻣﻮﻇﻒ ﺳﻨﻮﻳﺎ‪ .‬ﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬ارﺗﻔﺎع ﻗﻴﻤﺔ اﻟﺠﻨﻴﻪ‬ ‫اﻟﱪﻳﻄﺎين ﻣﻘﺎﺑﻞ اﻟﺪوﻻر اﻷﻣﺮﻳيك أﺛﺮت ﻋﲆ ﺗﻜﺎﻟﻴﻒ اﳌﻌﻴﺸﺔ واﻟﻌﻤﻞ‬ ‫ﰲ اﳌﺪﻳﻨﺔ‪.‬‬ ‫ﻣﻊ اﻧﺨﻔﺎض اﻹﻳﺠﺎرات اﻟﺴﻜﻨﻴﺔ وﺿﻌﻒ اﻟﻌﻤﻠﺔ‪ ،‬ارﺗﻔﻌﺖ ﺗﻨﺎﻓﺴﻴﺔ‬ ‫ﻫﻮﻧﻎ ﻛﻮﻧﻎ ﺣﻴﺚ اﻧﺨﻔﻀﺖ ﺗﻜﺎﻟﻴﻒ اﻟﻌﻘﺎرات مبﻌﺪل ﺳﻨﻮي ﻗﺪره‬ ‫‪ 11.2‬ﰲ اﳌﺎﺋﺔ ﰲ اﻷﺷﻬﺮ اﻟﺴﺘﺔ اﻷوﱃ ﻟﺘﺼﻞ إﱃ ‪ 116،000‬دوﻻر‪ .‬وﻣﻊ‬ ‫ذﻟﻚ‪ ،‬ﻋﲆ اﻟﺮﻏﻢ ﻣﻦ ﺗﻔﻮق ﻟﻨﺪن ﻋﻠﻴﻬﺎ ﺑﻮﺻﻔﻬﺎ أﻏﲆ ﻣﺪﻳﻨﺔ ﻟﻠﻌﻴﺶ‬ ‫ﻓﻴﻬﺎ‪ ،‬ﺗﻮاﺻﻞ ﻫﻮﻧﻎ ﻛﻮﻧﻎ ﺗﺴﺠﻴﻞ أﻋﲆ ﺗﻜﻠﻔﺔ ﻟﻠﻌﻴﺶ ﻋﻦ أي وﻗﺖ‬ ‫ﻣﴣ‪ ،‬ﺑﻌﺪ أن ﺑﻠﻐﺖ ‪ 128،000‬دوﻻر ﰲ ﻋﺎم ‪ .2011‬ﻫﻮﻧﻎ ﻛﻮﻧﻎ ﻻ‬ ‫ﺗﺰال أﻳﻀﺎ أﻏﲆ ﻣﺪﻳﻨﺔ ﻟﴩاء اﻟﻌﻘﺎرات اﻟﺴﻜﻨﻴﺔ ﺑﺄﺳﻌﺎر أﻋﲆ ﻣﻦ ﺗﻠﻚ‬ ‫ﰲ ﻟﻨﺪن ﺑﻨﺴﺒﺔ ‪ 40‬ﰲ اﳌﺎﺋﺔ‪ .‬وﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬متﻴﺰت ﺑﺄﻧﻬﺎ اﳌﺪﻳﻨﺔ‬ ‫اﻟﻌﺎﳌﻴﺔ اﻟﺤﺪﻳﺜﺔ اﻟﻮﺣﻴﺪة ﰲ اﻟﻌﺎمل ﺑني اﻟﺨﻤﺲ دول اﻻواﺋﻞ‪.‬‬

‫ﻣﻊ اﺟﺮاءات اﻟﺘﻬﺪﺋﺔ اﻟﺤﻜﻮﻣﻴﺔ‪ ،‬ارﺗﻔﻌﺖ أﺳﻌﺎر اﻟﻌﻘﺎرات اﻟﺴﻜﻨﻴﺔ‬ ‫اﻟﻔﺎﺧﺮة ﻫﺎﻣﺸﻴﺎً ﺑﻨﺴﺒﺔ ‪ 0.4‬ﰲ اﳌﺎﺋﺔ ﻣﻘﺎرﻧﺔ ﺑﺎﻟﺸﻬﺮ اﻟﺴﺎﺑﻖ‪ ،‬وﺑﻘﻲ‬ ‫اﻟﺴﻮق ﻏري ﻧﺸﻂ‪ .‬ﻋﲆ اﻟﺮﻏﻢ ﻣﻦ أن اﳌﻌﺮوض ﻣﻦ اﳌﺴﺎﻛﻦ اﻷوﻟﻴﺔ ﰲ‬ ‫ﺗﺰاﻳﺪ‪ ،‬واﺻﻠﺖ أﺳﻌﺎر اﳌﺴﺎﻛﻦ اﻟﺠامﻋﻴﺔ ﻟﺘﺒﻘﻰ ﻗﻮﻳﺔ ﺑﺴﺒﺐ اﻟﻄﻠﺐ‬ ‫ﻣﻦ اﳌﺸﱰﻳﻦ‪ .‬وﻧﺘﻴﺠﺔ ﻟﺬﻟﻚ‪ ،‬ﻳﺘﻮﻗﻊ ﻧﺎﻳﺖ ﻓﺮاﻧﻚ أن أﺳﻌﺎر اﳌﺴﺎﻛﻦ‬ ‫اﻟﺠامﻋﻴﺔ ﺳﺘﻈﻞ ﻣﺴﺘﻘﺮة أو ﺗﻨﺨﻔﺾ ﺑﺸﻜﻞ ﻃﻔﻴﻒ ﺧﻼل اﻟﻌﺎم‪.‬‬ ‫‪13‬‬

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‫‪2014‬‬

‫وأﻇﻬﺮ أﺣﺪث ﺗﻘﺮﻳﺮ ﻣﻦ راﺑﻄﺔ اﻟﻮﺳﻄﺎء اﻟﻌﻘﺎرﻳني ﰲ ﻣﻴﺎﻣﻲ )‪(MAR‬‬ ‫أن اﻟﻄﻠﺐ اﳌﺘﺰاﻳﺪ ﻋﲆ اﻟﺒﻨﺎء اﻟﺠﺪﻳﺪ ﻛﺎن ﻟﻬﺎ ﺗﺄﺛري ﻋﲆ ﺣﺮﻛﺔ اﳌﺒﻴﻌﺎت‬ ‫واﳌﺨﺰون واﻷﺳﻌﺎر ﰲ ﺳﻮق اﳌﻨﺎزل اﻟﻘﺎمئﺔ ﰲ ﻣﻴﺎﻣﻲ‪.‬‬ ‫ﰲ ﺷﻬﺮ أﻏﺴﻄﺲ‪ ،‬ارﺗﻔﻌﺖ أﺳﻌﺎر ﺑﻴﻊ اﳌﻨﺎزل ﺑﻴﻨام اﻧﺨﻔﻀﺖ ﻣﺘﻮﺳﻂ‬ ‫أﺳﻌﺎر اﻟﺸﻘﻖ ﻫﺎﻣﺸﻴﺎً‪ .‬ﻋﲆ اﻟﺮﻏﻢ ﻣﻦ ﻣﺮور ‪ 33‬ﺷﻬﺮا ﻣﻦ زﻳﺎدات‬ ‫ﻣﺴﺘﻤﺮة ﰲ أﺳﻌﺎر اﳌﻨﺎزل‪ ،‬إﻻ أن اﻷﺳﻌﺎر ﻻ ﺗﺰال ﻣﻌﻘﻮﻟﺔ وﻋﲆ‬ ‫ﻣﺴﺘﻮﻳﺎت ﻋﺎم ‪ .2004‬ﻓﻴام ﻳﺘﻌﻠﻖ ﺑﺎﻟﺸﻘﻖ‪ ،‬ﺣﻴﺚ ﺗﻢ ﺗﺴﺠﻴﻞ ارﺗﻔﺎع‬ ‫اﻷﺳﻌﺎر ﳌﺪة ‪ 38‬ﺷﻬﺮا ﻣﺘﺘﺎﻟﻴﺔ وﻛﺎن ﻳﺘﺰاﻳﺪ ﺣﺘﻰ ﻗﺒﻞ ﺑﺪأ اﺗﺠﺎﻫﺎ ﻣامﺛﻼ‬ ‫ﻟﻠﻤﻨﺎزل‪ ،‬وﻛﺎن اﻻﻧﺨﻔﺎض ﰲ اﻷﺳﻌﺎر ﰲ أﻏﺴﻄﺲ ﻟﻠﻤﺮة اﻷوﱃ ﻣﻨﺬ أﻛرث‬ ‫ﻣﻦ ﺛﻼث ﺳﻨﻮات‪.‬‬ ‫ﺳﺠﻞ ﻣﺘﻮﺳﻂ ﺳﻌﺮ ﺑﻴﻊ اﳌﻨﺎزل ﰲ ﻣﻴﺎﻣﻲ زﻳﺎدة ﺳﻨﻮﻳﺔ ﻋﲆ أﺳﺎس‬ ‫اﻟﻌﺎم ﻗﺪرﻫﺎ ‪ 24.7‬ﰲ اﳌﺎﺋﺔ ﰲ اﻟﻔﱰة ﻣﻦ أﻏﺴﻄﺲ ﻋﺎم ‪ 2013‬ﻟﺘﺼﻞ‬ ‫إﱃ ‪ 455،108‬دوﻻر ﰲ ﺷﻬﺮ أﻏﺴﻄﺲ ﻋﺎم ‪) 2014‬ﻣﻦ ‪364,960‬‬ ‫دوﻻر(‪ .‬ﻣﺘﻮﺳﻂ ﺳﻌﺮ ﺑﻴﻊ اﻟﻮﺣﺪات اﻟﺴﻜﻨﻴﺔ اﻧﺨﻔﺾ ﺑﻨﺴﺒﺔ ‪ 6.9‬ﰲ‬ ‫اﳌﺎﺋﺔ ﰲ اﻟﻔﱰة ﻣﻦ أﻏﺴﻄﺲ ‪ 2013‬ﺣﺘﻰ وﺻﻞ إﱃ ‪ 322،743‬دوﻻر‬ ‫)ﻧﺰوﻻً ﻣﻦ ‪ 346،847‬دوﻻر( ﰲ اﻟﺸﻬﺮ ﻧﻔﺴﻪ‪.‬‬ ‫‪www.valoran.ae‬‬

‫ﻋﲆ اﻟﺮﻏﻢ ﻣﻦ ﻫﺬا‪ ،‬اﺳﺘﻤﺮ ﺗﻄﻠﻊ ﺳﻮق اﻟﻌﻘﺎرات ﰲ ﻣﻴﺎﻣﻲ ﻟﻼﻧﺘﻌﺎش‬ ‫ﻣﻊ اﳌﺒﻴﻌﺎت اﻟﺘﻲ ﺗﺒﺬل ﻋﲆ ﻣﻘﺮﺑﺔ ﻣﻦ ﺳﻌﺮ اﻟﻄﻠﺐ‪ ،‬ﻣام ﻳﻌﻜﺲ أن‬ ‫اﻟﻄﻠﺐ ﻋﲆ اﻟﻌﻘﺎرات ﰲ اﳌﺪﻳﻨﺔ ﻣﺎزال ﻗﻮﻳﺎً‪ .‬ﻛﺎن ﻣﺘﻮﺳﻂ ﻋﺪد اﻷﻳﺎم‬ ‫ﰲ اﻟﺴﻮق ﳌﻨﺎزل اﻟﻌﺎﺋﻠﺔ ‪ 47‬ﻳﻮﻣﺎ ﰲ ﺷﻬﺮ أﻏﺴﻄﺲ ﻋﺎم ‪ ،2014‬وﻫﻮ‬ ‫ﻣﺎ ميﺜﻞ زﻳﺎدة ﺳﻨﻮﻳﺔ ﻋﲆ أﺳﺎس اﻟﻌﺎم ﻗﺪرﻫﺎ ‪ 34.3‬ﰲ اﳌﺎﺋﺔ ﻋﻦ‬ ‫اﻟﺸﻬﺮ ﻧﻔﺴﻪ ﻣﻦ اﻟﻌﺎم اﳌﺎﴈ‪ .‬ﰲ أﻏﺴﻄﺲ‪ ،‬ﻛﺎن ﻣﺘﻮﺳﻂ ﻋﺪد اﻷﻳﺎم‬ ‫ﰲ اﻟﺴﻮق ﻟﻠﻮﺣﺪات اﻟﺴﻜﻨﻴﺔ ‪ 53‬ﻳﻮﻣﺎ‪ ،‬واﻟﺘﻲ ﻛﺎﻧﺖ ﺑﺰﻳﺎدة ﻗﺪرﻫﺎ‬ ‫‪ 15.2‬ﰲ اﳌﺎﺋﺔ ﰲ اﻟﻌﺎم ﻋﲆ اﺳﺎس ﺳﻨﻮى‪.‬‬ ‫وأﻇﻬﺮ اﻟﺘﻘﺮﻳﺮ أﻳﻀﺎ أن اﳌﺒﻴﻌﺎت اﻟﻨﻘﺪﻳﺔ ﰲ ﻣﻴﺎﻣﻲ اﺳﺘﻤﺮت ﰲ‬ ‫اﻻﻧﺨﻔﺎض ﻣﻊ اﳌﺰﻳﺪ ﻣﻦ اﻻﻧﻔﺘﺎح ﰲ ﺧﻴﺎرات اﻟﺘﻤﻮﻳﻞ‪ .‬وﻣﻊ ذﻟﻚ‪،‬‬ ‫اﻧﺨﻔﺾ ﻣﻌﺪل ﺗﻮاﻓﺮ ﻗﺮوض اﻟﺮﻫﻦ اﻟﻌﻘﺎري ﳌﺸﱰي اﻟﻮﺣﺪات‬ ‫اﻟﺴﻜﻨﻴﺔ‪ ،‬ﻣام ﻣﻨﻊ اﻟﺴﻮق ﻣﻦ ﺗﻌﺰﻳﺰ ﻫﺬه اﻟﺰﻳﺎدة‪ .‬ﺑﻌﺪ ﺛﻼث ﺳﻨﻮات‬ ‫ﻣﻦ ﺗﺤﻘﻴﻖ اﳌﺒﻴﻌﺎت اﻟﻘﻴﺎﺳﻴﺔ‪ ،‬ﻣام ﺗﺴﺒﺐ ﰲ ﻧﻘﺺ ﰲ اﳌﺨﺰون‪ ،‬زادت‬ ‫ﺛﻘﺔ اﻟﺒﺎﺋﻊ ﰲ وﺟﻮد ﻣﺰﻳﺪ ﻣﻦ اﻟﻌﻘﺎرات اﻟﺘﻲ ﺳﻮف ﻳﺘﻢ إدراﺟﻬﺎ‪ .‬ﰲ‬ ‫ﺷﻬﺮ أﻏﺴﻄﺲ‪ ،‬ارﺗﻔﻌﺖ ﻗﻮاﺋﻢ اﻹدراج ﺑﻨﺴﺒﺔ ‪ 25.3‬ﰲ اﳌﺎﺋﺔ‪ ،‬وﻟﻜﻨﻬﺎ ﻻ‬ ‫ﺗﺰال أﻗﻞ ﺑﻜﺜري ﻣﻦ ﻣﺴﺘﻮى ‪ 60‬ﰲ اﳌﺎﺋﺔ اﻟﺘﻲ ﺗﻢ ﺗﺴﺠﻴﻠﻪ ﰲ ﻋﺎم‬ ‫‪.2008‬‬ ‫ﻣﻊ اﻷﺧﺬ ﺑﻌني اﻻﻋﺘﺒﺎر ﻟﻠﻮﺗرية اﻟﺤﺎﻟﻴﺔ ﻟﻠﻤﺒﻴﻌﺎت‪ ،‬إﻻ أن ﻣﻌﺪل ﺗﻮﻓري‬ ‫اﳌﻨﺎزل ﻫﻮ ‪ 5.7‬أﺷﻬﺮ ‪ -‬أي ﺑﺰﻳﺎدة ﻗﺪرﻫﺎ ‪ 15.3‬ﰲ اﳌﺎﺋﺔ ﰲ اﻟﻌﺎم ﻋﲆ‬ ‫اﺳﺎس ﺳﻨﻮى‪ .‬وﻳﻜﻮن اﳌﻌﺪل ﻟﻠﻮﺣﺪات اﻟﺴﻜﻨﻴﺔ ‪ 8‬أﺷﻬﺮ‪ ،‬ﺑﻨﺴﺒﺔ ‪33.6‬‬

‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫أﺣﻴﺎء ﺗﺤﻤﻞ أﺳامء دول‪ ،‬مبﺎ ﰲ ذﻟﻚ اﻟﺼني واﻧﺪوﻧﻴﺴﻴﺎ وﺗﺎﻳﻼﻧﺪ‬ ‫واﻧﺠﻠﱰا وﻓﺮﻧﺴﺎ واﻟﻴﻮﻧﺎن واﻳﻄﺎﻟﻴﺎ واﺳﺒﺎﻧﻴﺎ واﳌﻐﺮب وﺑﻼد ﻓﺎرس‬ ‫وروﺳﻴﺎ‪.‬‬

‫ﻣﺘﻮﺳﻂ ﻗﻴﻢ اﻹﻳﺠﺎرات ﰲ اﳌﺪﻳﻨﺔ اﻟﻌﺎﳌﻴﺔ ‪ 121,371‬درﻫﻢ ﺳﻨﻮﻳﺎ‪،‬‬ ‫وﻣﺘﻮﺳﻂ ﺣﺠﻢ اﻟﺸﻘﻖ ﰲ اﳌﺠﺘﻤﻊ ‪ 1،685‬ﻗﺪم ﻣﺮﺑﻊ‪ .‬ﻣﺘﻮﺳﻂ ﻗﻴﻤﺔ‬ ‫اﻹﻳﺠﺎر ﻟﻜﻞ ﻗﺪم ﻣﺮﺑﻊ ﰲ اﳌﺪﻳﻨﺔ اﻟﻌﺎﳌﻴﺔ ﻳﺼﻞ إﱃ ‪ 72‬درﻫﻢ ﺳﻨﻮﻳﺎ‪.‬‬

‫أﺳﻌﺎر اﻟﺒﻴﻊ واﻹﻳﺠﺎرات‬ ‫ﻣﺘﻮﺳﻂ ﺳﻌﺮ ﺷﻘﺔ ﺳﻜﻨﻴﺔ ﰲ اﳌﺪﻳﻨﺔ اﻟﻌﺎﳌﻴﺔ ‪ 2,658,869‬درﻫﻢ‬ ‫ﻟﻮﺣﺪة ﺗﺒﻠﻎ ﻣﺴﺎﺣﺘﻬﺎ ‪ 3،979‬ﻗﺪم ﻣﺮﺑﻊ‪ .‬ﻣﺘﻮﺳﻂ اﻟﺴﻌﺮ ﻟﻜﻞ ﻗﺪم‬ ‫ﻣﺮﺑﻊ ﰲ اﻟﺘﻄﻮﻳﺮ ﻫﻮ ‪ 668‬درﻫﻢ‪.‬‬

‫‪Market Price Live – Sale Prices‬‬

‫‪Market Price Live – Rental Values‬‬ ‫‪AED 121,371 p.a.‬‬

‫‪Average Price Per Unit‬‬

‫‪AED 2,658,869‬‬

‫‪Average Price Per Unit‬‬

‫‪1,685 Sq. ft.‬‬

‫‪Average Area Per Unit‬‬

‫‪3,979 Sq. ft.‬‬

‫‪Average Area Per Unit‬‬

‫‪AED 72 p.a.‬‬

‫‪Average Price Per Sq. Ft.‬‬

‫‪AED 668‬‬

‫‪Average Price Per Sq. Ft.‬‬

‫)‪(based on 176 listings of similar units‬‬

‫)‪(based on 328 listings of similar units‬‬

‫‪11‬‬

‫‪- 22‬‬

‫‪2014‬‬

‫اﳌﻨﻄﻘﺔ اﳌﺮﻛﺰﻳﺔ‬

‫اﳌﺪﻳﻨﺔ اﳌﺤﺮﻣﺔ‬

‫اﻟﺤﻲ اﳌﺮﻛﺰي ﰲ اﳌﺪﻳﻨﺔ اﻟﻌﺎﳌﻴﺔ ﻫﻮ اﳌﺤﻮر اﻟﺘﺠﺎري وﻳﻀﻢ ‪ 34‬ﻗﻄﻌﺔ‬ ‫ﺗﻘﻊ ﻋﲆ ﻣﺴﺎﺣﺔ ‪ 21‬ﻫﻜﺘﺎرا‪ .‬ﺗﻢ ﺗﻄﻮﻳﺮ ﻛﻞ ﻗﻄﻌﺔ ﻣﻦ ﻗﺒﻞ اﳌﻄﻮرﻳﻦ‬ ‫اﳌﺴﺘﻘﻠني وﺑﻪ ﻣﺴﺎﺣﺎت اﻟﺘﺠﺰﺋﺔ وﻛﺬﻟﻚ ﻣﻜﺎﺗﺐ اﻟﴩﻛﺎت‪ .‬وﻳﺘﻜﻮن‬ ‫اﻟﺤﻲ ﻣﻦ ‪ 34‬ﻣﺒﻨﻰ وﻳﻀﻢ ﻛﻞ ﻣﻨﻬﺎ ‪ 11‬ﻃﺎﺑﻘﺎ وﻳﺘﻤﻴﺰ ﺑﺎﻟﺒﻨﻴﺔ اﻟﺘﺤﺘﻴﺔ‬ ‫واﳌﺮاﻓﻖ اﳌﻤﺘﺎزة‪ .‬وﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬وﻳﺘﻮﺳﻄﻬﺎ ﺑﺮج ﻣﻦ ‪30-40‬‬ ‫ﻃﺎﺑﻖ وﻳﻀﻢ ‪ 50،000‬ﻣﱰ ﻣﺮﺑﻊ ﻣﻦ اﳌﺴﺎﺣﺎت اﻟﺘﻲ ﺗﺸﻤﻞ ﻣﻜﺎﺗﺐ‬ ‫اﻟﴩﻛﺎت وﻛﺬﻟﻚ ﻣﺮﻛﺰ ﺗﺠﺎري ﰲ اﻟﻄﻮاﺑﻖ اﻟﺴﻔﲆ‪.‬‬

‫اﻟﺠﺬب اﻟﺴﻴﺎﺣﻲ ﰲ اﳌﺪﻳﻨﺔ اﻟﻌﺎﳌﻴﺔ‪ ،‬ﺳﻮف ﺗﻜﻮن اﳌﺪﻳﻨﺔ اﳌﺤﺮﻣﺔ‬ ‫ﻧﺴﺨﺔ ﻃﺒﻖ اﻷﺻﻞ ﻣﻦ اﳌﺠﻤﻊ اﻟﺼﻴﻨﻲ اﻟﻘﺪﻳﻢ ﰲ ﺑﻜني اﻟﺬي ﻛﺎن‬ ‫دﺧﻮﻟﻪ ﻣﺤﺮﻣﺎً ﻋﲆ ﺑﻘﻴﺔ اﻟﻌﺎمل ﰲ ﻳﻮم ﻣﻦ اﻷﻳﺎم‪ .‬وﺳﻴﺘﻜﻮن اﳌﺠﻤﻊ ﻣﻦ‬ ‫ﻣﺠﻤﻮﻋﺔ ﻣﻦ اﳌﺒﺎين اﻟﺴﻜﻨﻴﺔ وﻣﺴﺎﺣﺎت اﻟﺘﺠﺰﺋﺔ واﳌﺘﺎﺣﻒ واﻟﺤﺪاﺋﻖ‬ ‫وﻣﺴﺎرح اﻵداء‪ .‬وﺳﻮف ﺗﻀﻢ اﳌﻨﻄﻘﺔ اﳌﺮﻛﺰﻳﺔ ﻣﻨﻬﺎ ﻣﻌﺒﺪ ﺑﺎﻏﻮذا وﻫﻮ‬ ‫ﻣﻄﻌﻢ ﺻﻴﻨﻲ‪.‬‬

‫ﻣﺮﻛﺰ ﺗﺼﻤﻴﻢ ديب‬

‫ﻣﻨﻄﻘﺔ اﻟﺒﺤرية واﻟﺤﺪﻳﻘﺔ اﻟﻌﺎﻣﺔ‬

‫ﺗﻢ ﺣﺠﺰ ﻫﺬه اﳌﻨﻄﻘﺔ ﰲ إﻃﺎر ﺗﻄﻮﻳﺮ ﺣﴫي ﻟﻠﻤﻌﺎرض‪ ،‬ﺳﻮاء اﳌﺆﻗﺘﺔ‬ ‫واﻟﺪامئﺔ‪ .‬وﻳﻮﺟﺪ ﺑﺎﳌﻨﻄﻘﺔ أﻳﻀﺎ ﻓﻨﺪﻗني ﻳﻮﻓﺮان ﻣﻌﺎً ﺣﻮاﱄ ‪ 600‬و ‪800‬‬ ‫ﻏﺮﻓﺔ‪ ،‬واﻟﺘﻲ ميﻜﻦ أن ﺗﻮﻓﺮ اﻹﻗﺎﻣﺔ ﻟﻠﻌﺎرﺿني واﻟﺰوار وﻏريﻫﻢ ﻣﻦ‬ ‫اﳌﺸﺎرﻛني ﰲ اﳌﻌﺎرض‪.‬‬

‫ﻋﲆ ﻣﺪى أﻛرث ﻣﻦ ‪ 60‬ﻫﻜﺘﺎرا ﻣﻦ اﳌﺴﺎﺣﺎت اﻟﺨﴬاء اﳌﻮرﻗﺔ اﳌﻄﻠﺔ‬ ‫ﻋﲆ ﺑﺤرية اﳌﺠﺘﻤﻊ‪ ،‬ﺗﻢ ﺗﺼﻤﻴﻢ ﻫﺬه اﳌﻨﻄﻘﺔ اﻟﺘﻲ ﺗﻀﻢ ﺣﻮاﱄ ‪ 24‬إﱃ‬ ‫‪ 36‬ﻣﺒﻨﻰ ﺳﻜﻨﻲ ﺗﺤﺘﻮي ﻋﲆ ﺷﻘﻖ ﺳﻜﻨﻴﺔ دوﺑﻠﻜﺲ ﻣﻦ ﻏﺮﻓﺘني أو ‪3‬‬ ‫ﻏﺮف ﻧﻮم‪ .‬وﺗﱰاوح ﻣﺴﺎﺣﺔ اﻟﻮﺣﺪات ﻣﺎ ﺑني ‪ 150‬ﻣﱰ ﻣﺮﺑﻊ و ‪ 170‬ﻣﱰ‬ ‫ﻣﺮﺑﻊ ﻟﻜﻞ ﻣﻨﻬﺎ‪ ،‬وﻫﻨﺎك ﺣﻮاﱄ ‪ 1،375‬إﺟامﻻً‪.‬‬

‫ﺳﻮق اﻟﺘﻨني‬

‫اﳌﻨﻄﻘﺔ اﻟﺴﻜﻨﻴﺔ‬

‫ﺻﻤﻢ ﻟﻴﻜﻮن اﳌﺮﻛﺰ اﻟﺘﺠﺎري ﺿﻤﻦ ﻫﺬا اﳌﺠﻤﻊ‪ ،‬وﻫﺬا ﻫﻮ اﳌﺮﻛﺰ‬ ‫اﻟﺘﺠﺎري ﻷﻛرث ﻣﻦ ‪ 3،000‬ﴍﻛﺔ ﺻﻴﻨﻴﺔ‪ .‬ﻣﺼﻤﻤﺔ ﻋﲆ ﺷﻜﻞ ﺗﻨني‪ ،‬وﻳﻘﻊ‬ ‫ﻋﲆ ﻣﺴﺎﺣﺔ ‪ 50‬ﻫﻜﺘﺎرا وميﺘﺪ اﻟﻌﻤﻮد اﻟﻔﻘﺮي اﳌﺮﻛﺰي ﻟﻠﺘﻨني ﳌﺴﺎﻓﺔ‬ ‫‪ 1.4‬ﻛﻴﻠﻮﻣﱰ‪ .‬وﻳﻀﻢ اﳌﺮﻛﺰ ﻣﺴﺎﺣﺔ ﻟﻮﻗﻮف اﻟﺴﻴﺎرات ﺗﺘﺴﻊ ﻟﺤﻮاﱄ‬ ‫‪ 2،000‬ﺳﻴﺎرة‪ .‬ﻣﺪﺧﻞ اﳌﺮﻛﺰ اﻟﺘﺠﺎري ﻫﻮ ﻣﻦ ﻃﺮﻳﻖ ديب ﺣﺘﺎ‪ ،‬ﺣﻴﺚ‬ ‫ﺗﻮﺟﺪ رأس اﻟﺘﻨني‪.‬‬

‫ﻫﺬه اﳌﻨﻄﻘﺔ ﻟﺪﻳﻬﺎ اﻟﻘﺪرة ﻋﲆ اﺳﺘﻴﻌﺎب أﻛرث ﻣﻦ ‪ 60،000‬ﻓﺮد ﰲ ﻣﺎ‬ ‫ﻣﺠﻤﻮﻋﻪ ‪ 2،100‬وﺣﺪة ﺳﻜﻨﻴﺔ ‪ -‬اﻻﺳﺘﻮدﻳﻮ وﻏﺮﻓﺔ ﻧﻮم واﺣﺪة ‪ -‬ﺗﻨﺘﴩ‬ ‫ﻋﲆ ﻣﺴﺎﺣﺔ ‪ 300‬ﻫﻜﺘﺎرا‪ .‬ﺗﻢ ﺗﺼﻤﻴﻢ اﻟﺸﻘﻖ ﺑﻄﺮﻳﻘﺔ ﺗﺠﻌﻠﻬﺎ ﻗﺎﺑﻠﺔ‬ ‫ﻟﻠﺘﺤﻮﻳﻞ إﱃ ﺷﻘﺔ ﻣﻦ ﻏﺮﻓﺘﻲ ﻧﻮم‪ ،‬وﺗﻨﻘﺴﻢ إﱃ أﺣﻴﺎء‪ ،‬ﻛﻞ ﻣﻨﻬﺎ ﻟﻪ‬ ‫ﻣﻮﺿﻮع دوﻟﺔ ﻣﺤﺪدة‪ .‬اﻷمنﺎط اﳌﻌامرﻳﺔ ﻟﺘﺠﻤﻌﺎت اﻟﺸﻘﻖ ﺗﻄﺎﺑﻖ‬ ‫ﻣﻮﺿﻮع اﻟﺪوﻟﺔ اﻟﺘﻲ ﺗﺤﻤﻞ اﺳﻤﻬﺎ‪ .‬وﺗﻨﻘﺴﻢ اﳌﻨﻄﻘﺔ اﻟﺴﻜﻨﻴﺔ إﱃ‬

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‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫وﺗﻘﻊ ﰲ ﻣﻨﻄﻘﺔ اﻟﻮرﺳﺎن‪ ،‬ﺣﻮاﱄ ‪ 7‬أﻣﻴﺎل ﻣﻦ ﻣﻄﺎر ديب اﻟﺪوﱄ‪ ،‬اﳌﺪﻳﻨﺔ‬ ‫اﻟﻌﺎﳌﻴﺔ‪ ،‬ﻫﻲ ﺗﻄﻮر ﻓﺮﻳﺪ ﻣﺘﻌﺪد اﻻﺳﺘﺨﺪاﻣﺎت وﺗﺘﻤﺘﻊ ﺑﺘﺼﻤﻴﻢ ميﺜﻞ‬ ‫ﻃﺎﺑﻊ اﻟﺒﻼد‪ .‬وﺗﻘﻊ ﻗﺒﺎﻟﺔ ﺳﻮق اﻟﺨﴬاوات واﻟﻔﻮاﻛﻪ اﻟﺮﺋﻴﴘ ﰲ ديب‪،‬‬ ‫إﱃ ﺟﺎﻧﺐ ﺷﺎرع ديب ﺣﺘﺎ‪ ،‬وﺑني اﻟﺘﻘﺎﻃﻌني ‪ 5‬و ‪ 6‬ﻋﲆ ﺷﺎرع اﻹﻣﺎرات‪.‬‬ ‫متﺘﺪ ﻋﲆ ﻣﺴﺎﺣﺔ ‪ 8‬ﻣﻼﻳني ﻣﱰ ﻣﺮﺑﻊ‪ ،‬وﻫﻲ ﻣﺼﻤﻤﺔ ﻟﺘﻀﻢ ﻣﺴﺎﻛﻦ‬ ‫وﻣﻜﺎﺗﺐ وﻣﺴﺎﺣﺎت اﻟﺘﺠﺰﺋﺔ وﻣﻨﺎﻃﻖ اﻟﺠﺬب اﻟﺴﻴﺎﺣﻲ‪ .‬وﺗﺼﻤﻴﻤﻬﺎ‬ ‫اﳌﻌامري ﻣﺴﺘﻮﺣﻰ ﻣﻦ اﻟﺴﺠﺎد اﻟﺘﻘﻠﻴﺪي ﰲ اﻟﴩق اﻷوﺳﻂ‪ ،‬وﻛﻞ ﻣﻦ‬ ‫اﳌﻨﺎﻃﻖ اﻟﻌﴩ ﰲ إﻃﺎر اﻟﺘﻄﻮﻳﺮ ﻟﺪﻳﻬﺎ ﻣﻮاﺿﻴﻊ ﻣﺤﺪدة متﺜﻞ ﻃﺎﺑﻊ‬ ‫اﻟﺒﻠﺪ اﻟﺘﻲ ﺗﺤﻤﻞ اﺳﻤﻪ واﻟﺘﻲ ﺗﺴﺎﻫﻢ ﰲ ﺧﻠﻖ ﺷﻌﻮر دوﱄ ﻟﻠﻤﴩوع‪.‬‬

‫ﺑﺎﻻﺿﺎﻓﺔ اﱃ وﺟﻮد ﺣﻮاﱄ ‪ 22،000‬وﺣﺪة ﺳﻜﻨﻴﺔ‪ ،‬مبﺎ ﻓﻴﻬﺎ اﺳﺘﺪﻳﻮﻫﺎت‬ ‫وﺷﻘﻖ ﺑﻐﺮﻓﺔ ﻧﻮم واﺣﺪة‪ ،‬ﻳﻮﺟﺪ ﺑﺎﻟﺘﻄﻮﻳﺮ ﺣﻮاﱄ ‪ 5،000‬ﻣﻦ ﻣﺴﺎﺣﺎت‬ ‫اﻟﺘﺠﺰﺋﺔ اﻟﺘﻲ ﺗﻘﻊ ﰲ اﻟﻄﺎﺑﻖ اﻷرﴈ ﻣﻦ اﳌﺒﺎين اﻟﺒﺎﻟﻎ ﻋﺪدﻫﺎ ‪ .387‬ﻛام‬ ‫ﻳﻀﻢ اﻟﺘﻄﻮﻳﺮ أﻳﻀﺎ اﳌﺮاﻓﻖ اﻟﺮﻳﺎﺿﻴﺔ واﳌﺴﺎﺣﺎت اﳌﺠﺘﻤﻌﻴﺔ ذات‬ ‫اﳌﻨﺎﻇﺮ اﻟﻄﺒﻴﻌﻴﺔ اﻟﺨﻼﺑﺔ وﺑﺤرية‪ ،‬واﻟﺘﻲ ميﻜﻦ أن ﻳﺘﻤﺘﻊ ﺑﻬﺎ اﻟﺴﻜﺎن‪.‬‬

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‫‪2014‬‬

‫وﻳﺄﺧﺬ اﳌﺆﴍ ﰲ اﻻﻋﺘﺒﺎر ﻋﻮاﻣﻞ ﻣﺜﻞ اﻟﻨﺎﺗﺞ اﳌﺤﲇ اﻹﺟامﱄ ﻟﻠﻔﺮد‬ ‫اﻟﻮاﺣﺪ‪ ،‬ﺳﻬﻮﻟﺔ ﻣامرﺳﺔ اﻷﻋامل اﻟﺘﺠﺎرﻳﺔ‪ ،‬واﻟﺴﻴﺎﺳﺎت اﻟﺤﻜﻮﻣﻴﺔ‪،‬‬ ‫واﻟﺤﺼﻮل ﻋﲆ متﻮﻳﻞ ﻣﻦ ﺧﻼل اﻟﻘﺮوض‪ ،‬وﻣﻌﺪﻻت اﻟﴬﻳﺒﺔ وﻧﻮﻋﻴﺔ‬ ‫اﻟﺒﻨﻴﺔ اﻟﺘﺤﺘﻴﺔ اﻟﻘﺎمئﺔ‪ .‬ﻋﻨﺪﻣﺎ ﻳﻨﻈﺮ إﻟﻴﻬﺎ ﻣﻌﺎ‪ ،‬ﻫﺬه اﻟﻌﻮاﻣﻞ ﺗﺴﺎﻋﺪ ﰲ‬ ‫ﺗﺤﺪﻳﺪ ﻣﺨﺎﻃﺮ ﻛﻞ ﺳﻮق وﺗﻘﻴﻴﻢ ﺟﺎذﺑﻴﺘﻬﺎ ﻟﻠﻤﺴﺘﺜﻤﺮﻳﻦ اﳌﺤﺘﻤﻠني‪.‬‬ ‫وﻓﻘﺎ ﻟﴩﻳﻚ إي ﳼ ﻫﺎرﻳﺲ ورﺋﻴﺲ اﻟﺒﻨﻴﺔ اﻟﺘﺤﺘﻴﺔ ﳌﻨﻄﻘﺔ اﻟﴩق‬ ‫اﻷوﺳﻂ‪ ،‬ﺗﻴﻢ رﻳﺴﱪﻳﺪﺟﺮ‪ ،‬ﻧﺤﻮ ﻧﺼﻒ اﻻﺳﺘﺜامرات اﳌﺨﺼﺼﺔ ﰲ‬ ‫اﳌﻨﻄﻘﺔ ﻛﺎﻧﺖ ﻣﺘﻌﻠﻘﺔ ﺑﺎﻟﻨﻘﻞ ﺣﻴﺚ أن ﻛﻞ ﻣﺪﻳﻨﺔ رﺋﻴﺴﻴﺔ ﰲ ﻣﻨﻄﻘﺔ‬ ‫اﻟﺨﻠﻴﺞ ﺗﺘﻄﻠﻊ إﱃ ﺑﻨﺎء ﺧﻄﻮط اﳌﱰو ﻣﺜﻞ ديب‪ .‬وﻗﺎل ﻣﺘﺤﺪﺛﺎ ﻋﻦ ﺧﻄﺮ‬ ‫اﻟﺘﻀﺨﻢ‪ ،‬واﻟﺬي ﺣﺬر اﻟﺘﻘﺮﻳﺮ ﻣﻦ وﺻﻮﻟﻪ إﱃ اﻟﻘﻮى اﻟﻌﺎﻣﻠﺔ‪ ،‬وﻣﻮاد‬ ‫اﻟﺒﻨﺎء واﳌﻬﺎرات اﳌﺘﺨﺼﺼﺔ‪ ،‬إن اﻟﺘﺼﻨﻴﻒ اﻻﺋﺘامين اﻟﻘﻮي واﻟﴬاﺋﺐ‬ ‫اﻟﺠﺬاﺑﺔ ﰲ اﳌﻨﻄﻘﺔ ﺳﻮف ﺗﺴﺘﻤﺮ ﰲ ﺟﺬب اﳌﺴﺘﺜﻤﺮﻳﻦ‪.‬‬

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‫‪2030‬‬ ‫وﻓﻘﺎ ﻷﺣﺪث اﻟﺘﻮﻗﻌﺎت اﻟﺘﺠﺎرﻳﺔ ﳌﴫف‪ ، HSBC‬ﺑﺤﻠﻮل ﻋﺎم ‪2030‬‬ ‫ﻣﻦ اﳌﺘﻮﻗﻊ أن ﺗﻜﻮن اﻟﻬﻨﺪ أﻛﱪ ﺳﻮق ﻟﻼﺳﺘرياد واﻟﺘﺼﺪﻳﺮ ﻟﺪوﻟﺔ‬ ‫اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة‪ .‬وﺗﺸﻤﻞ ﻏريﻫﺎ ﻣﻦ اﻷﺳﻮاق ﴎﻳﻌﺔ اﻟﻨﻤﻮ‬ ‫ﺗﺮﻛﻴﺎ واﻟﺼني وﻣﺎﻟﻴﺰﻳﺎ‪ ،‬وﻛﻠﻬﺎ ﻣﺮﺷﺤﺔ ﻟﻠﻨﻤﻮ مبﻌﺪﻻت ﻣﺮﺗﻔﻌﺔ ﺑني‬ ‫أﻋﻮام ‪ 2017‬إﱃ ‪ .2030‬ﺗﺮﻛﻴﺎ واﻟﺪول اﻵﺳﻴﻮﻳﺔ ﺳﻴﻈﻠﻮن أﻛﱪ اﻟﴩﻛﺎء‬ ‫اﻟﺘﺠﺎرﻳني ﻟﻠﻮاردات‪.‬‬ ‫وﺳﻮف ﺗﻈﻞ اﳌﻨﺘﺠﺎت اﻟﻨﻔﻄﻴﺔ أﻛﱪ ﻗﻄﺎﻋﺎت اﻟﺼﺎدرات‪ ،‬وﺳﻮف‬ ‫ﺗﺤﺘﻔﻆ مبﻜﺎﻧﺘﻬﺎ ﺑﺎﻋﺘﺒﺎرﻫﺎ أﻛﱪ ﻣﺴﺎﻫﻢ ﰲ منﻮ اﻟﺼﺎدرات ﺣﺘﻰ ﻋﺎم‬ ‫‪ .2030‬وﻛﺎن ﻣﻦ اﳌﺘﻮﻗﻊ أن ﻳﻜﻮن ميﺜﻞ ﺗﺼﺪﻳﺮ اﻟﻨﻔﻂ ﺣﻮاﱄ ‪ 40‬ﰲ‬ ‫اﳌﺎﺋﺔ ﻣﻦ منﻮ إﺟامﱄ اﻟﺼﺎدرات ﺧﻼل اﻟﻔﱰة اﳌﺘﻮﻗﻌﺔ‪.‬‬

‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫ﻳﻮم اﻟﺜﻼﺛﺎء ‪ 23‬ﺳﺒﺘﻤﱪ‪ ،‬أﻃﻠﻖ ﺻﺎﺣﺐ اﻟﺴﻤﻮ اﻟﺸﻴﺦ ﻣﺤﻤﺪ ﺑﻦ راﺷﺪ‬ ‫آل ﻣﻜﺘﻮم‪ ،‬ﺣﺎﻛﻢ ديب وﻧﺎﺋﺐ اﻟﺮﺋﻴﺲ ورﺋﻴﺲ وزراء دوﻟﺔ اﻹﻣﺎرات‬ ‫اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة اﻟﺴﻮق اﻟﺜﺎﻧﻮﻳﺔ ﰲ دوﻟﺔ اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة‪.‬‬ ‫ﻫﺬه اﻟﺴﻮق‪ ،‬اﻟﺘﻲ ﻣﻦ ﺷﺄﻧﻬﺎ أن ﺗﻜﻮن ﺟﺎﻫﺰة ﻟﻠﻌﻤﻞ ﰲ ﻏﻀﻮن أﺷﻬﺮ‬ ‫ﻗﻠﻴﻠﺔ‪ ،‬ﺗﻮﻓﺮ اﳌﺰﻳﺪ ﻣﻦ اﻟﺴﻴﻮﻟﺔ ﻟﴩﻛﺎت اﻟﻘﻄﺎع اﻟﺨﺎص‪ ،‬واﻟﺘﻲ ﻗﺪ‬ ‫ميﻜﻨﻬﺎ اﻟﻀﻐﻂ ﻋﻠﻴﻬﺎ ﻟﻠﺤﺼﻮل ﻋﲆ أﻣﻮال إﺿﺎﻓﻴﺔ واﻟﺪﺧﻮل ﰲ‬ ‫اﻛﺘﺘﺎﺑﺎت‪.‬‬

‫ﺑﻌﺪ ﻗﻄﺮ اﻟﺘﻲ اﺣﺘﻔﻈﺖ ﺑﺎﳌﺮﺗﺒﺔ اﻟﺜﺎﻧﻴﺔ‪ ،‬ﺗﻘﺪﻣﺖ دوﻟﺔ اﻹﻣﺎرات‬ ‫اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة ﻣﺮﻛﺰا ً واﺣﺪا ً ﻟﺘﺼﺒﺢ ﰲ اﳌﺮﺗﺒﺔ اﻟﺜﺎﻟﺜﺔ ﰲ اﳌﺆﴍ اﻟﺜﺎين‬ ‫ﻻﺳﺘﺜامرات اﻟﺒﻨﻴﺔ اﻟﺘﺤﺘﻴﺔ اﻟﻌﺎﳌﻴﺔ ﻣﻦ ﻗﺒﻞ اﻟﴩﻛﺔ اﻻﺳﺘﺸﺎرﻳﺔ إي ﳼ‬ ‫ﻫﺎرﻳﺲ‪ .‬اﳌﺆﴍ‪ ،‬اﻟﺬي ﻳﻀﻢ ‪ 41 41‬ﺑﻠﺪا‪ ،‬اﺳﺘﻤﺮت ﺳﻨﻐﺎﻓﻮرة ﰲ‬ ‫ﺻﺪارﺗﻪ ﰲ اﳌﺮﺗﺒﺔ اﻷوﱃ‪ .‬ﻛام ﻛﺎﻧﺖ دول أﺧﺮى ﻣﺜﻞ اﻟﻮﻻﻳﺎت اﳌﺘﺤﺪة‬ ‫واﳌﻤﻠﻜﺔ اﳌﺘﺤﺪة ﻣﻦ ﺑني أﻋﲆ ‪ 10‬ﻣﺮاﻛﺰ ﻧﻈﺮا ﻟﺠﻬﻮدﻫﺎ ﰲ إﻋﺎدة‬ ‫اﻟﱰﻛﻴﺰ ﻋﲆ رﻓﻊ ﻣﺴﺘﻮى اﻟﺒﻨﻴﺔ اﻟﺘﺤﺘﻴﺔ‪ ،‬ﰲ ﺣني ﺟﺎءت اﳌﻤﻠﻜﺔ اﻟﻌﺮﺑﻴﺔ‬ ‫اﻟﺴﻌﻮدﻳﺔ ﰲ اﳌﺮﺗﺒﺔ ‪.12‬‬

‫مبﺠﺮد ﺑﺪأ اﻟﺘﺪاول‪ ،‬ﻓﺈن ذﻟﻚ ﺳﻴﺴﻬﻞ ﺗﺪاول اﺳﻬﻢ اﻟﴩﻛﺎت اﻟﺨﺎﺻﺔ‬ ‫ﻣﻦ ﻗﺒﻞ اﳌﺴﺘﺜﻤﺮﻳﻦ‪ .‬وﺳﻴﺘﻢ ﺗﺤﺪﻳﺪ أﺳﻌﺎر اﻷﺳﻬﻢ ﰲ اﻟﺒﻮرﺻﺔ ﻋﲆ‬ ‫أﺳﺎس أداء اﻟﴩﻛﺎت اﳌﺎﱄ وﻛﺬﻟﻚ اﻟﻌﺮض واﻟﻄﻠﺐ‪ .‬وﺗﺤﺪث ﺳﻠﻴﻢ‬ ‫ﺧﻮﻛﺎر‪ ،‬رﺋﻴﺲ اﻷﺳﻬﻢ ﰲ ﻫﺬا اﻟﺤﺪث ‪ -‬أﺷﺎر ﺑﻨﻚ أﺑﻮﻇﺒﻲ اﻟﻮﻃﻨﻲ إﱃ‬ ‫أن اﻟﺘﺪاول اﻟﺜﺎﻧﻮي ﻣﻦ ﺷﺄﻧﻪ أن ﻳﻮﻓﺮ وﺳﻴﻠﺔ ﻟﻠﴩﻛﺎت اﻟﺨﺎﺻﺔ ﻏري‬ ‫اﳌﺪرﺟﺔ ﰲ اﻟﺒﻮرﺻﺔ – اﻟﺼﻐرية واﳌﺘﻮﺳﻄﺔ ‪ -‬ﻟﻌﺮض أﺳﻬﻤﻬﺎ ﻟﻠﺘﺪاول‪.‬‬ ‫وﺳﺘﻜﻮن ﻫﺬه اﻟﺨﻄﻮة اﻷوﱃ اﻟﺘﻲ ﻣﻦ ﺷﺄﻧﻬﺎ أن ﺗﺴﻤﺢ ﻟﻬﺬه اﻟﴩﻛﺎت‬ ‫ﻟﻠﻤﴤ ﻗﺪﻣﺎً ﰲ اﻻﻛﺘﺘﺎب ﰲ وﻗﺖ ﻻﺣﻖ‪.‬‬ ‫أن اﻹﻓﺼﺎﺣﺎت اﳌﺎﻟﻴﺔ اﳌﺤﺪودة ﺳﻮف ﺗﻜﻮن ﻣﺘﺎﺣﺔ ﻟﻠﻤﺴﺘﺜﻤﺮﻳﻦ ﻣﻦ‬ ‫ﺧﻼل آﻟﻴﺔ اﻛﺘﺸﺎف اﻟﺴﻌﺮ‪ ،‬وﺳﻴﺘﻢ ﺗﺤﺪﻳﺪ اﻟﺴﻌﺮ ﻋﻦ ﻃﺮﻳﻖ ﻣﻄﺎﺑﻘﺔ‬ ‫أﺳﻌﺎر اﳌﺸﱰﻳﻦ واﻟﺒﺎﺋﻌني‪ .‬ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﴩﻛﺎت‪ ،‬ﻓﺈن ﻫﺬا اﻟﱰﺗﻴﺐ ﻳﻮﻓﺮ‬ ‫اﻟﻔﺮﺻﺔ ﻟﻠﺤﺼﻮل ﻋﲆ ﺳﻴﻮﻟﺔ إﺿﺎﻓﻴﺔ دون إﺟﺒﺎرﻫﻢ ﻋﲆ ﻋﺮض أﺳﻬﻤﻬﺎ‬ ‫ﺑﺎﻟﻜﺎﻣﻞ ﰲ اﻟﺒﻮرﺻﺔ‪.‬‬ ‫وﻗﺎل ﻋﻴﴗ ﻛﺎﻇﻢ رﺋﻴﺲ ﻣﺠﻠﺲ إدارة ﺳﻮق ديب اﳌﺎﱄ )‪ (DFM‬أن‬ ‫ﺳﻮق ديب اﳌﺎﱄ ﻳﺠﺮي ﺑﺎﻟﻔﻌﻞ ﻣﺠﻤﻮﻋﺔ اﺗﺼﺎﻻت ﺑﻌﺪد ﻣﻦ اﻟﴩﻛﺎت‬ ‫اﻟﺨﺎﺻﺔ ﻣﻦ اﺟﻞ اﻻﺳﺘﻔﺎدة ﻣﻦ اﻟﺴﻮق اﻟﺜﺎﻧﻮي‪ ،‬وأﻧﻪ ﻗﻢ ﺗﻢ إﻧﺸﺎء‬ ‫اﻟﺒﻨﻴﺔ اﻟﺘﺤﺘﻴﺔ ﻻﺳﺘﺨﺪام ﻣﻨﺼﺎت ﺗﺪاول اﻷﺳﻬﻢ ﺳامرﺗﺲ وإﻛﺴﱰﻳﻢ‪،‬‬ ‫واﻟﺘﻲ ﻣﻦ ﺷﺄﻧﻬﺎ أن ﺗﺴﺎﻋﺪ ﰲ ﻣﺮاﻗﺒﺔ اﻟﺘﺪاول ﺑﺎﻹﺿﺎﻓﺔ إﱃ ﺗﻮﻓري‬ ‫ﻣﺠﻤﻮﻋﺔ ﻣﻦ اﻟﺨﺪﻣﺎت اﻹﺿﺎﻓﻴﺔ‪.‬‬

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‫‪2014‬‬

‫‪2013‬‬

‫‪98.7‬‬

‫ﰲ ﺑﻴﺎن ﻟﻪ‪ ،‬ﻗﺎل وزﻳﺮ اﻻﻗﺘﺼﺎد ﺑﺪوﻟﺔ اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة‪،‬‬ ‫ﺳﻠﻄﺎن ﺑﻦ ﺳﻌﻴﺪ اﳌﻨﺼﻮري‪ ،‬أن اﻟﻮﻻﻳﺎت اﳌﺘﺤﺪة ﻛﺎﻧﺖ راﺑﻊ أﻛﱪ‬ ‫ﴍﻳﻚ ﺗﺠﺎري ﻟﺪوﻟﺔ اﻹﻣﺎرات ﻣﻊ زﻳﺎدة ﺣﺠﻢ اﻟﺘﺠﺎرة اﻟﺜﻨﺎﺋﻴﺔ ﻋﻦ‬ ‫‪ 26.9‬ﻣﻠﻴﺎر دوﻻر )‪ 98.7‬ﻣﻠﻴﺎر درﻫﻢ( ﰲ ﻋﺎم ‪ .2013‬وﻗﺎل اﻟﻮزﻳﺮ إن‬ ‫ﺳﻴﺎﺳﺔ اﻻﻧﻔﺘﺎح ﻟﺪى ﺣﻜﻮﻣﺔ اﻹﻣﺎرات ﻗﺪ ﺳﺎﻋﺪت ﰲ ﺗﻌﺰﻳﺰ ﺻﻮرة‬ ‫اﻟﺒﻼد ﺑﺎﻋﺘﺒﺎرﻫﺎ ﻻﻋﺒﺎ ﻣﻬام ﰲ اﻟﺘﺠﺎرة اﻟﻌﺎﳌﻴﺔ واﻟﺴﻴﻨﺎرﻳﻮ اﻻﻗﺘﺼﺎدي‪،‬‬ ‫وأﻧﻬﺎ ﺗﻌﺎدل اﻟﻌﺪﻳﺪ ﻣﻦ اﻟﺪول اﳌﺘﻘﺪﻣﺔ ﻣﻦ ﺣﻴﺚ اﻟﻘﺪرة اﻟﺘﻨﺎﻓﺴﻴﺔ‪.‬‬ ‫وﻛﺎن اﻟﻮزﻳﺮ ﰲ زﻳﺎرة ﻟﻠﻮﻻﻳﺎت اﳌﺘﺤﺪة ﻋﲆ رأس وﻓﺪ ﺗﺠﺎري رﻓﻴﻊ‬ ‫اﳌﺴﺘﻮى‪ ،‬واﻟﺘﻘﻰ وزﻳﺮ اﻟﺘﺠﺎرة اﻷﻣﺮﻳيك‪ ،‬ﺑﻴﻨﻲ ﺑﺮﻳﺘﺰﻛﺮ‪ ،‬ﻻﺳﺘﻜﺸﺎف‬ ‫ﻓﺮص ﺗﻌﺰﻳﺰ اﻟﺘﺠﺎرة اﻟﺜﻨﺎﺋﻴﺔ واﻻﺳﺘﺜامر ﺑني اﻟﺒﻠﺪﻳﻦ‪ .‬ﰲ اﻟﻮﻗﺖ‬ ‫اﻟﺤﺎﴐ‪ ،‬ﻫﻨﺎك أﻛرث ﻣﻦ ‪ 1،000‬ﴍﻛﺔ أﻣﺮﻳﻜﻴﺔ ﻋﺎﻣﻠﺔ ﰲ دوﻟﺔ اﻹﻣﺎرات‬ ‫اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة‪ .‬ﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬أﻛرث ﻣﻦ ‪ 60،000‬ﻣﻦ ﻣﻮاﻃﻨﻲ‬ ‫اﻟﻮﻻﻳﺎت اﳌﺘﺤﺪة ﻳﻌﻴﺸﻮن وﻳﻌﻤﻠﻮن ﰲ اﻟﺒﻼد‪.‬‬

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‫΃ إﻧﻄﻼق اﳌﺮﺣﻠﺔ اﻟﺜﺎﻧﻴﺔ ﻣﻦ ﻣﴩوع اﻟﺰاﻫﻴﺔ ﰲ اﻟﺸﺎرﻗﺔ – إﻧﻄﻠﻘﺖ‬ ‫اﳌﺮﺣﻠﺔ اﻟﺜﺎﻧﻴﺔ ﻣﻦ اﻟﻔﻠﻞ واﻟﻮﺣﺪات اﻟﺴﻜﻨﻴﺔ ﳌﴩوع اﻟﺰاﻫﻴﺔ وﺳﻮف‬ ‫ﻳﻜﻮن ﻣﺘﺎﺣﺎً ﻓﻘﻂ ﳌﻮاﻃﻨﻲ دول ﻣﺠﻠﺲ اﻟﺘﻌﺎون اﻟﺨﻠﻴﺠﻲ وﻣﻮاﻃﻨﻲ‬ ‫دوﻟﺔ اﻹﻣﺎرات‪ .‬وﺗﱰاوح وﺣﺪات اﳌﺠﺘﻤﻊ ﺑني ‪ 2،618‬ﻗﺪم ﻣﺮﺑﻊ و‬ ‫‪ 4،200‬ﻗﺪم ﻣﺮﺑﻊ وأﺳﻌﺎرﻫﺎ ﺑني ‪ 2,1‬ﻣﻠﻴﻮن و ‪ 4,5‬ﻣﻠﻴﻮن درﻫﻢ‪.‬‬

‫΃ ﻓﻴﻮﻟﻴﺎ ﻹدارة ﻣﺮاﻓﻖ اﻟﴫف اﻟﺼﺤﻲ ﰲ ﻣﺪﻳﻨﺔ ديب اﻟﺮﻳﺎﺿﻴﺔ ‪-‬‬ ‫ﻣﺪﻳﻨﺔ ديب اﻟﺮﻳﺎﺿﻴﺔ )‪ (DSC‬دﺧﻠﺖ ﰲ اﺗﻔﺎق ﻣﻊ ﴍﻛﺔ ﻓﻴﻮﻟﻴﺎ ﻹدارة‬ ‫واﻟﺤﻔﺎظ ﻋﲆ ﻣﺮاﻓﻖ اﻟﴫف اﻟﺼﺤﻲ ﻟﻔﱰة ‪ 10‬اﻋﻮام‪ .‬اﳌﻴﺎه اﳌﻌﺎد‬ ‫ﺗﺪوﻳﺮﻫﺎ ﻣﻦ ﻣﺮﻓﻖ ﻣﻌﺎﻟﺠﺔ ﻣﻴﺎه اﻟﴫف اﻟﺼﺤﻲ ﰲ ﻣﺪﻳﻨﺔ ديب‬ ‫اﻟﺮﻳﺎﺿﻴﺔ ﺳﺘﺴﺘﺨﺪم ﻟﻠﻤﻼﻋﺐ اﻟﺮﻳﺎﺿﻴﺔ واﳌﺴﺎﺣﺎت اﻟﺨﴬاء ﺿﻤﻦ‬ ‫اﳌﴩوع‪ ،‬مبﺎ ﰲ ذﻟﻚ ﻣﻠﻌﺐ إﻟﺲ ﻟﻠﻐﻮﻟﻒ ذو ‪ 18‬ﺣﻔﺮة ﻟﺒﻄﻮﻻت‬ ‫اﻟﻐﻮﻟﻒ‪ ،‬وﻣﻠﻌﺐ ديب اﻟﺪوﱄ واﺛﻨني ﻣﻦ ﻣﻼﻋﺐ اﻟﻜﺮﻳﻜﻴﺖ ﰲ أﻛﺎدميﻴﺔ‬ ‫‪.ICC‬‬

‫΃ ﻗﺪ ﺗﻔﻜﺮ ﻧﺨﻴﻞ ﰲ إدراﺟﻬﺎ ﰲ ﺳﻮق ديب اﳌﺎﱄ ‪ -‬ﻗﺎل اﻟﺮﺋﻴﺲ اﻟﺘﻨﻔﻴﺬي‬ ‫ﻟﴩﻛﺔ ﻧﺨﻴﻞ أن اﻟﴩﻛﺔ ﺳﺘﻘﻮم مبﺘﺎﺑﻌﺔ ﻧﺠﺎح اﻻﻛﺘﺘﺎب ﻋﲆ اﳌﺮﻛﺰ‬ ‫اﻟﺘﺠﺎري ﻣﻦ ﻗﺒﻞ ﻣﻨﺎﻓﺴﺘﻬﺎ‪ ،‬ﴍﻛﺔ إﻋامر اﻟﻌﻘﺎرﻳﺔ‪ .‬ﺑﻴﻊ اﻷﺳﻬﻢ ﺑﻨﺠﺎح‬ ‫ﻗﺪ ﻳﺸﺠﻊ ﻧﺨﻴﻞ ﻋﲆ أن ﺗﺤﺬو ﺣﺬوﻫﺎ وﺗﻨﺪرج ﰲ ﺳﻮق اﻷﺳﻬﻢ ﰲ‬ ‫ديب‪ .‬ﻣﺠﻤﻮﻋﺔ إﻋامر ﳌﺮاﻛﺰ اﻟﺘﺴﻮق )‪ (EMG‬ﺗﺘﻮﻗﻊ ارﺗﻔﺎع ﺑﺤﻮاﱄ ‪5,8‬‬ ‫ﻣﻠﻴﺎر درﻫﻢ ﻣﻦ ﺧﻼل ﻫﺬا اﻻﻛﺘﺘﺎب اﻟﺬي ﺳﻴﻜﻮن أﻛﱪ ﻋﻤﻠﻴﺔ ﺑﻴﻊ‬ ‫ﻟﻸﺳﻬﻢ ﻣﻨﺬ ‪ .2008‬ﻧﺨﻴﻞ‪ ،‬اﻟﺘﻲ ﻋﺎﻧﺖ ﰲ وﻗﺖ ﺳﺎﺑﻖ ﺧﻼل أزﻣﺔ‬ ‫اﻟﻌﻘﺎرات ﰲ ديب ﺗﻌﺎﻓﺖ ﻣﻨﺬ ذﻟﻚ اﻟﺤني ﺣﺘﻰ أﻧﻬﺎ ﻗﺪ ﺳﺪدت دﻳﻮن‬ ‫ﻣﺎ ﻗﺒﻞ اﻷزﻣﺔ ﺑﻘﻴﻤﺔ ‪ 7.9‬ﻣﻠﻴﺎر درﻫﻢ ﻗﺒﻞ مبﻮﻋﺪﻫﺎ ﺑﺤﻮاﱄ أرﺑﻊ‬ ‫ﺳﻨﻮات ﻣﻦ اﳌﻮﻋﺪ اﳌﺤﺪد‪ .‬اﻟﴩﻛﺔ ﺗﺴري أﻳﻀﺎ ﺑﻌﻴﺪا ﻋﻦ اﻟﱰﻛﻴﺰ ﻓﻘﻂ‬ ‫ﻋﲆ اﻟﻌﻘﺎرات وﺗﺒﺤﺚ ﰲ ﻗﻄﺎﻋﺎت أﺧﺮى ﻣﺜﻞ ﺗﺠﺎرة اﻟﺘﺠﺰﺋﺔ واﻟﻀﻴﺎﻓﺔ‬ ‫ﻟﻜﺴﺐ اﻟﺪﺧﻞ اﳌﺘﻜﺮر‪.‬‬

‫] ‪Sale Price [ USD/SQF‬‬

‫] ‪Rental Price [ USD/SQF‬‬ ‫‪4‬‬ ‫‪3‬‬

‫– ‪August 2014: Dubai‬‬ ‫‪USD 2.33/SQF‬‬

‫‪2‬‬ ‫– ‪August 2014: Abu Dhabi‬‬ ‫‪USD 2.18/SQF‬‬ ‫‪ ‬‬

‫‪2014‬‬ ‫‪reidin.com‬‬

‫‪2010‬‬ ‫‪Abu Dhabi‬‬

‫‪2005‬‬ ‫‪Dubai‬‬

‫‪1‬‬

‫‪750‬‬ ‫‪500‬‬

‫– ‪August 2014: Dubai‬‬ ‫‪USD 403/SQF‬‬

‫‪250‬‬

‫– ‪August 2014: Abu Dhabi‬‬ ‫‪USD 383/SQF‬‬ ‫‪ ‬‬

‫‪2010‬‬ ‫‪reiding.com‬‬

‫‪Abu Dhabi‬‬

‫‪0‬‬

‫‪2005‬‬ ‫‪Dubai‬‬

‫‪5‬‬

‫‪- 22‬‬

‫‪2014‬‬

‫اﻟﺸﻘﻖ ذات ﻏﺮﻓﺔ ﻧﻮم واﺣﺪة‪ ،‬اﺛﻨني‪ ،‬ﺛﻼﺛﺔ وأرﺑﻌﺔ ﻏﺮف ﻧﻮم ﺑﺎﻹﺿﺎﻓﺔ‬ ‫إﱃ ‪ 6‬أﺟﻨﺤﺔ ﻟﻠﻤﻨﺎزل اﻟﺤﴫﻳﺔ‪ .‬ﻛام أﻋﻠﻨﺖ ديب ﻟﻠﻌﻘﺎرات ﻋﻦ ﻣﴩوع‬ ‫ديب وارف – وﻫﻮ ﺷﺎرع ﻋﲆ اﻟﻮاﺟﻬﺔ اﻟﺒﺤﺮﻳﺔ وﻓﻨﺪق ﻓﺨﻢ ﺟﺪﻳﺪ ﰲ‬ ‫ﻗﺮﻳﺔ اﻟﺜﻘﺎﻓﺔ اﻟﺘﻲ ﺳﻴﺘﻢ ﺗﺸﻐﻴﻠﻬﺎ ﻣﻦ ﻗﺒﻞ ﻣﺠﻤﻮﻋﺔ ﻣﻴﻨﻮر ﻫﻮﺗﻴﻞ‪،‬‬ ‫اﻟﺘﻲ متﻠﻚ اﻟﻌﻼﻣﺔ اﻟﺘﺠﺎرﻳﺔ أﻧﺎﻧﺘﺎرا‪.‬‬ ‫وﺑﺎﻻﺿﺎﻓﺔ اﱃ ﻫﺬا‪ ،‬أﺣﺪ أﻛرث اﻹﻋﻼﻧﺎت إﺛﺎرة ﻛﺎن ﻣﻦ داﻣﺎك اﻟﻌﻘﺎرﻳﺔ‪،‬‬ ‫واﻟﺘﻲ أﻋﻠﻨﺖ ﰲ ﴍاﻛﺔ ﻣﻊ ﻣﺸﻐﻞ اﻟﻔﻨﺎدق اﻟﻔﺨﻤﺔ‪ ،‬ﺑﺎراﻣﺎوﻧﺖ‪ ،‬ﻋﻦ‬ ‫ﻣﴩوع ﻓﻨﺪق ﺑﺎراﻣﺎوﻧﺖ ديب واﻟﺬي ﺳﻮف ﻳﻮﻓﺮ أﺳﻠﻮب اﻟﺤﻴﺎة ﰲ‬ ‫ﻫﻮﻟﻴﻮود وﻛﺎﻟﻴﻔﻮرﻧﻴﺎ‪.‬‬ ‫ﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬ﻋﺮض اﳌﻄﻮرون ﻋﺪد ﻣﻦ منﺎذج اﳌﴩوﻋﺎت ﰲ‬ ‫اﳌﻌﺮض‪ ،‬وﻟﻜﻦ مل ﻳﺘﻢ اﻹﻋﻼن ﻋﻨﻬﺎ ﺣﻴﺚ أﻧﻬﺎ ﻻ ﺗﺰال ﺗﺤﺖ ﻋﻤﻠﻴﺔ‬ ‫اﳌﻮاﻓﻘﺎت‪ .‬ﻫﺬه اﳌﺸﺎرﻳﻊ‪ ،‬واﻟﺘﻲ ﺗﺸﻤﻞ ﺑﺮج ﰲ ديب ﻣﺎرﻳﻨﺎ وﻣﴩوع‬ ‫ﺿﺨﻢ ﰲ ديب ﻻﻧﺪ ﻣﻦ ﻗﺒﻞ ﻣﻄﻮري أﺑﻮﻇﺒﻲ‪ ،‬وﺳﻴﺘﻢ اﻹﻋﻼن ﻋﻨﻪ ﺧﻼل‬ ‫اﻷﺷﻬﺮ اﻟﻘﻠﻴﻠﺔ اﳌﻘﺒﻠﺔ‪.‬‬

‫ﻋﲆ ﻣﺪى اﻷﺷﻬﺮ اﻟﻘﻠﻴﻠﺔ اﳌﺎﺿﻴﺔ‪ ،‬ﺳﺠﻠﺖ اﳌﺠﻤﻮﻋﺎت اﻟﺸﺎﻫﻘﺔ ﰲ ديب‬ ‫زﻳﺎدة ﻣﻄﺮدة ﰲ اﻟﻘﻴﻢ وﻛﺬﻟﻚ ارﺗﻔﺎع ﻣﺴﺘﻮﻳﺎت اﻹﺷﻐﺎل‪ .‬ﰲ ﺑﻌﺾ‬ ‫اﳌﻨﺎﻃﻖ ﻣﺜﻞ وﺳﻂ ﻣﺪﻳﻨﺔ ديب وﺑﺮج ﺧﻠﻴﻔﺔ‪ ،‬ﻳﺒﺪو أن اﻟﻘﻴﻢ ﻗﺪ وﺻﻠﺖ‬ ‫إﱃ أﻋﲆ ﻣﺴﺘﻮﻳﺎﺗﻬﺎ‪ .‬وﻣﻊ ذﻟﻚ‪ ،‬ﻓﺈن اﻟﺨﻠﻴﺞ اﻟﺘﺠﺎري ﻻ ﻳﺰال ﻳﺒﺪو‬ ‫ﺧﻴﺎرا ﺟﺬاﺑﺎ ﻟﻼﺳﺘﺜامرات اﻟﻘﻴﻤﺔ‪.‬‬ ‫وﻗﺪ ادرج ﻣﺘﺨﺼﺺ اﻻﺳﺘﺸﺎرات ﻧﺎﻳﺖ ﻓﺮاﻧﻚ اﻟﺨﻠﻴﺞ اﻟﺘﺠﺎري ﺑني‬ ‫أﻓﻀﻞ ‪ 10‬ﻣﻨﺎﻃﻖ ﺣﴬﻳﺔ ﻋﺎﳌﻴﺔ‪ .‬ﰲ اﻟﻮﻗﺖ اﻟﺤﺎﴐ‪ ،‬ﺗﱰاوح اﻟﺸﻘﻖ‬ ‫اﻟﺴﻜﻨﻴﺔ ﺑني ‪ 1.500‬إﱃ ‪ 1.700‬درﻫﻢ ﻟﻜﻞ ﻗﺪم ﻣﺮﺑﻊ ﰲ اﻷﺑﺮاج‪ ،‬وﻫﻲ‬ ‫زﻳﺎدة ﻛﺒرية ﻣﻦ ‪ 1.000‬درﻫﻢ ﻗﺒﻞ ﻋﺎﻣني وﻧﺼﻒ‪.‬‬ ‫ﺣﻘﻴﻘﺔ أن اﻟﻌﻘﺎرات اﻟﺴﻜﻨﻴﺔ اﻟﺮاﻗﻴﺔ ﰲ ديب ﻻ ﺗﺰال رﺧﻴﺼﺔ ﻧﺴﺒﻴﺎ‬ ‫ﻣﻘﺎرﻧﺔ ﺑﺎﳌﺪن اﻟﻌﺎﳌﻴﺔ اﻷﺧﺮى وأن اﳌﺪﻳﻨﺔ ﺗﻘﺪم منﻮا ً ﻣﻌﺘﺪﻻً ﰲ اﻷﺳﻌﺎر‬ ‫ﺟﻌﻠﻬﺎ ﺧﻴﺎرا اﺳﺘﺜامرﻳﺎ ﺟﺬاﺑﺎ ﻟﻠﻤﺴﺘﺜﻤﺮﻳﻦ‪ .‬ﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬ﻣﻊ‬ ‫اﺳﺘﻤﺮار ﻗﻮة اﻻﻗﺘﺼﺎد واﻟﺘﻮﻇﻴﻒ ﰲ ديب‪ ،‬ﻗﺪ ﻳﻘﻮم اﳌﺰﻳﺪ ﻣﻦ‬ ‫اﳌﺴﺘﺜﻤﺮﻳﻦ اﻷﺟﺎﻧﺐ ﺑﴩاء اﻟﻌﻘﺎرات ﰲ اﻹﻣﺎرة‪.‬‬

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‫ﺑﻌﺪ ‪ 10‬ﻓﺼﻮل ﻣﺘﺘﺎﻟﻴﺔ ﻣﻦ اﻟﻨﻤﻮ اﻹﻳﺠﺎيب اﻧﺨﻔﻀﺖ اﻹﻳﺠﺎرات‬ ‫اﻟﺴﻜﻨﻴﺔ ﰲ ديب ﺑﺸﻜﻞ ﻫﺎﻣﴚ ﺑﻨﺴﺒﺔ ‪ 1‬ﰲ اﳌﺎﺋﺔ ﰲ اﻟﺮﺑﻊ اﻟﺜﺎﻟﺚ ﻣﻦ‬ ‫‪ .2014‬ووﻓﻘﺎً ﻟﴘ يب رﻳﺘﺸﺎرد إﻟﻴﺲ‪ ،‬ﺗﻌﺰى أﺳﺒﺎب اﻻﻧﺨﻔﺎض إﱃ‬ ‫إﺿﺎﻓﺔ اﻷﺳﻬﻢ اﻟﺴﻜﻨﻴﺔ اﻟﺠﺪﻳﺪة ﻓﻀﻼ ﻋﻦ ﺗﺒﺎﻃﺆ اﻟﻄﻠﺐ ﺧﻼل ﻫﺬا‬ ‫اﻟﺮﺑﻊ ﺑﺴﺒﺐ ﻓﱰة اﻷﻋﻴﺎد واﻟﻌﻄﻼت‪ .‬اﻻﻧﺨﻔﺎض ﰲ اﻹﻳﺠﺎرات ﻳﺸري‬ ‫أﻳﻀﺎ إﱃ اﻻﺳﺘﻘﺮار ﰲ اﻟﻘﻄﺎع اﻟﺴﻜﻨﻲ اﻟﺬي متﻴﺰ ﺑﺎﻧﺨﻔﺎض اﻟﻨﻤﻮ ﰲ‬ ‫ﻗﻴﻢ اﳌﺒﻴﻌﺎت واﳌﻌﺎﻣﻼت‪ .‬وﻣﻦ اﳌﺮﺟﺢ أن ﻳﺴﺘﻤﺮ ﻫﺬا اﻻﺗﺠﺎه ﺧﻼل‬ ‫اﻟﺮﺑﻊ اﻷﺧري ﻣﻦ اﻟﻌﺎم‪.‬‬ ‫ورﻏﻢ أن اﻟﺘﺪﺧﻞ اﻷﺧري ﻣﻦ ﻗﺒﻞ اﻟﺤﻜﻮﻣﺔ ﻣﻦ ﺧﻼل ﺗﺪاﺑري اﻟﺘﻬﺪﺋﺔ‬ ‫ﻓﻀﻼ ﻋﻦ ﺗﺪاﺑري ﺗﻨﻈﻴﻤﻴﺔ ﺳﺎﻋﺪت ﻋﲆ إدﺧﺎل ﳾء ﻣﻦ اﻻﺳﺘﻘﺮار ﰲ‬ ‫اﻟﻘﻄﺎع اﻟﺴﻜﻨﻲ‪ ،‬وﻳﺸﻬﺪ ﻗﻄﺎع اﳌﻜﺎﺗﺐ ارﺗﻔﺎع اﻟﻄﻠﺐ ﻧﻈﺮا ﻟﺘﺤﺴﻦ‬ ‫اﻟﺘﻮﻗﻌﺎت اﻻﻗﺘﺼﺎدﻳﺔ‪ .‬ﻣﻨﺎﻃﻖ اﳌﻜﺎﺗﺐ ﰲ اﳌﻨﻄﻘﺔ اﻟﺤﺮة ﺗﻈﻬﺮ إﺷﻐﺎﻻً‬ ‫ﺟﻴﺪا ً‪ .‬وﻫﻨﺎك ﻋﺪد ﻣﻦ ﺗﻄﻮرات اﳌﻜﺎﺗﺐ اﻟﺠﺪﻳﺪة ﻗﻴﺪ اﻟﺘﻨﻔﻴﺬ‪ ،‬وﺳﻮف‬ ‫ﺗﻀﻴﻒ ﻫﺬه اﻷﺳﻬﻢ ﻣﻦ ﻣﺨﺰون اﳌﻜﺎﺗﺐ ﰲ اﻹﻣﺎرة‪ .‬وﺣﺎﻓﻈﺖ ﻣﻮاﻗﻊ‬ ‫اﳌﻜﺎﺗﺐ اﻟﺜﺎﻧﻮﻳﺔ ﰲ ديب أﻳﻀﺎ ﻋﲆ ارﺗﻔﺎع اﻟﻨﻤﻮ اﻹﻳﺠﺎري ﰲ اﻟﺮﺑﻊ‬ ‫اﻟﺜﺎﻟﺚ‪.‬‬ ‫ﻣﻊ ﺗﻮاﻓﺮ اﳌﺰﻳﺪ ﻣﻦ اﻟﺨﻴﺎرات وﻛﺬﻟﻚ ﺗﺤﺴني اﻟﺒﻨﻴﺔ اﻟﺘﺤﺘﻴﺔ‪ ،‬ﻳﻨﺘﻘﻞ‬ ‫اﳌﺴﺘﺄﺟﺮون ﻣﻦ اﻷﺣﻴﺎء اﻟﻘﺪميﺔ‪ ،‬وﻫﺬا ﻣﺎ ﻳﺴﺎﻋﺪ ﻋﲆ ﺗﻌﺰﻳﺰ اﻟﻘﻴﻢ‬ ‫اﻹﻳﺠﺎرﻳﺔ ﻟﻠﻤﻜﺎﺗﺐ وﻣﺴﺘﻮﻳﺎت اﻹﺷﻐﺎل ﰲ ﻣﻨﺎﻃﻖ ﻣﺜﻞ أﺑﺮاج ﺑﺤريات‬ ‫اﻟﺠﻤريا واﻟﺨﻠﻴﺞ اﻟﺘﺠﺎري‪.‬‬

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‫ﰲ ﻫﺬا اﻟﺤﺪث اﻟﺬي ﻳﺴﺘﻐﺮق ﺛﻼﺛﺔ أﻳﺎم ﰲ اﻟﻔﱰة ﻣﻦ ‪ 21-23‬ﺳﺒﺘﻤﱪ‬ ‫ﰲ ديب ﰲ ﻣﺮﻛﺰ ديب اﻟﻌﺎﳌﻲ‪ ،‬ﺗﻢ اﻟﻜﺸﻒ ﻋﻦ ﺣﻮاﱄ ‪ 27‬ﻣﴩوع ﺟﺪﻳﺪ‬ ‫ﻣﻦ ﻗﺒﻞ اﳌﻄﻮرﻳﻦ اﻟﺪوﻟﻴني واﻹﻗﻠﻴﻤﻴني‪ .‬ﺗﻢ اﻹﻋﻼن ﻋﻦ ‪ 18‬ﻣﻦ ﻫﺬه‬ ‫اﳌﺸﺎرﻳﻊ ﰲ اﻟﻴﻮم اﻷول ﻟﻠﻤﻌﺮض‪ ،‬واﻹﻋﻼن ﻋﻦ اﻟﺘﺴﻊ ﻣﺸﺎرﻳﻊ اﳌﺘﺒﻘﻴﺔ‬ ‫ﻋﲆ ﻣﺪار اﻟﻴﻮﻣني اﻟﺘﺎﻟﻴني‪ .‬وﻛﺎﻧﺖ اﻟﻐﺎﻟﺒﻴﺔ اﻟﻌﻈﻤﻰ ﻣﻦ اﳌﺸﺎرﻳﻊ اﻟﺘﻲ‬ ‫ﺗﺒﻠﻎ ﻗﻴﻤﺘﻬﺎ ‪ 40‬ﻣﻠﻴﺎر درﻫﻢ ﻣﻦ ﻗﺒﻞ ﴍﻛﺎت اﻟﺘﻄﻮﻳﺮ اﻟﻌﻘﺎري اﻟﺮاﺋﺪة‬ ‫ﰲ ديب‪ ،‬مبﺎ ﰲ ذﻟﻚ داﻣﺎك‪ ،‬دﻳﺎر‪ ،‬ديب اﻟﻘﺎﺑﻀﺔ‪ ،‬ﻧﺨﻴﻞ‪ ،‬ﻣﺮاس‪ ،‬ﻣﺠﻤﻮﻋﺔ‬ ‫ﻣﻴﺪان واﻻﺗﺤﺎد اﻟﻌﻘﺎرﻳﺔ‪.‬‬ ‫وﻣﻦ ﺑني اﳌﺸﺎرﻳﻊ اﻟﺠﺪﻳﺪة اﻟﺘﻲ ﺗﻢ اﻹﻋﻼن ﻋﻨﻬﺎ ﻛﺎن ﻣﴩوع ﻻﻣﺎر‬ ‫ﻣﻦ ﻗﺒﻞ ﴍﻛﺔ ﻣﺮاس ﰲ ﻣﻨﻄﻘﺔ اﻟﺠﻤريا‪ ،‬واﻟﺬي ﺳﻴﻜﻮن ﺗﻄﻮﻳﺮا ً ﻣﺘﻌﺪد‬ ‫اﻻﺳﺘﺨﺪاﻣﺎت ﻋﲆ ﻣﺴﺎﺣﺔ ‪ 9.5‬ﻣﻠﻴﻮن ﻗﺪم ﻣﺮﺑﻊ ﺑﺎﻟﻘﺮب ﻣﻦ ﺟﺰﻳﺮة‬ ‫ﺟﻤريا‪ .‬وﺳﻴﻀﻢ اﳌﴩوع ‪ 688‬ﻣﻦ اﻟﺸﻘﻖ واﻟﻔﻠﻞ إﱃ ﺟﺎﻧﺐ اﻟﻔﻨﺪق‪.‬‬ ‫وأﻋﻠﻨﺖ ﴍﻛﺔ دﻳﺎر ﻟﻠﺘﻄﻮﻳﺮ اﳌﺪرﺟﺔ ﰲ ﺳﻮق ديب اﳌﺎﱄ ﻋﻦ ﻣﴩوع‬ ‫ﻣﻴﺪﺗﺎون‪ ،‬وﻫﻮ ﺗﻄﻮﻳﺮ ﻣﻤﻴﺰ ﻋﲆ ﻣﺴﺎﺣﺔ ‪ 5.5‬ﻣﻼﻳني ﻗﺪم ﻣﺮﺑﻊ ﺑﺠﺎﻧﺐ‬

‫ﻋﻘﺎرات ﺟﻤريا ﻏﻮﻟﻒ‪ .‬وﺳﻮف ﻳﻀﻢ ﺗﻄﻮﻳﺮ ﻣﻴﺪﺗﺎون ‪ 27‬ﻣﺒﻨﻰ ‪13‬‬ ‫ﻣﻨﻬﺎ ﺳﻜﻨﻴﺔ واﺛﻨني ﻣﻦ اﻟﻔﻨﺎدق‪.‬‬ ‫ﰲ ﻣﻌﺮض ﺳﻴﺘﻲ ﺳﻜﻴﺐ‪ ،‬أﻃﻠﻘﺖ ﴍﻛﺔ ﻧﺨﻴﻞ ﺑﺎمل ﻏﻴﺘﻮاي‪ ،‬وﻫﻮ ﺗﻄﻮر‬ ‫ﻋﲆ اﻟﻮاﺟﻬﺔ اﻟﺒﺤﺮﻳﺔ ﻣﻜﻮن ﻣﻦ ﺛﻼﺛﺔ أﺑﺮاج وﺳﻮف ﻳﻀﻢ أﻳﻀﺎ ﺣﺪﻳﻘﺔ‬ ‫ﺗﺮﻓﻴﻬﻴﺔ و‪ 1،300‬ﻣﻨﺰل إﱃ ﺟﺎﻧﺐ ﺗﺠﺎرة اﻟﺘﺠﺰﺋﺔ‪ ،‬واﻟﻠﻴﺎﻗﺔ اﻟﺒﺪﻧﻴﺔ‬ ‫واﳌﺮاﻓﻖ اﻟﱰﻓﻴﻬﻴﺔ‪ .‬وﻛﺸﻔﺖ ﻣﺠﻤﻮﻋﺔ ﻣﻴﺪان ﻋﻦ ﻣﴩوﻋني ﺟﺪﻳﺪﻳﻦ‪،‬‬ ‫ﻛﻼﻫام ﻣﺸﺎرﻳﻊ ﻣﺘﻌﺪدة اﻻﺳﺘﺨﺪاﻣﺎت – اﻟﺤﻲ اﻟﺤﺎدي اﻟﻌﴩ ﰲ‬ ‫ﻣﺪﻳﻨﺔ ﻣﺤﻤﺪ ﺑﻦ راﺷﺪ آل ﻣﻜﺘﻮم وﺷﺎرع اﳌﻴﺪان‪ .‬وﺳﻴﻀﻢ اﳌﴩوع‬ ‫اﻟﺴﺎﺑﻖ ﻛﻠﻴﺔ ﻛﻨﺖ ﰲ ﴍاﻛﺔ ﻣﻊ واﺣﺪة ﻣﻦ أﻗﺪم اﳌﺆﺳﺴﺎت اﻟﺘﻌﻠﻴﻤﻴﺔ‬ ‫ﰲ اﳌﻤﻠﻜﺔ اﳌﺘﺤﺪة‪.‬‬ ‫وﻛﺎن ﻣﴩوع ﻣﺮام رﻳﺰﻳﺪﻧﺲ ﻣﻦ ﻗﺒﻞ ديب ﻟﻠﻌﻘﺎرات ﻣﴩوﻋﺎً ﺟﺪﻳﺪا ً‬ ‫آﺧﺮا ً أﻋﻠﻦ ﻋﻨﻪ ﰲ اﳌﻌﺮض‪ .‬وﻳﻘﻊ ﰲ ﻣﻨﻄﻘﺔ ﺑﺮج ﺧﻠﻴﻔﺔ‪ ،‬وﺳﻴﻀﻢ‬ ‫اﳌﴩوع اﳌﻜﻮن ﻣﻦ ﺑﺮﺟني ‪ 27‬ﻃﺎﺑﻘﺎ ﰲ ﻛﻞ ﺑﺮج وﻳﻀﻢ ﻣﺰﻳﺠﺎً ﻣﻦ‬

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HAPPY NEW YEAR 2014 Valoran Real Estate Brokers

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Prepared by: Alpha & Beta FZE

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