October 2013 - eZine

Page 1

Last month at a glance

International Real Estate News

Issue No. 10 - October 2013

Austria

International property market

Latest From the Economy

Speculation Pushes up Stock Prices in UAE Markets

Dubai Freehold Property

Jumeirah Lake Towers International Property Markets

International Property Markets - Austria Real Estate Investing Lessons

Lesson 8: Property Evaluation - Calculating Net Operating Income and Cash Flow

Prepared by: Alpha & Beta FZE

VALORAN MEMBER

www.valoran.ae



Valoran Real Estate Brokers Issue No. 10 - Oct. 2013

News Digest

Last month at a glance

New Rental Disputes Tenants in Dubai now have a platform where their rental disputes with landlords can be heard. The new Rent Dispute Settlement Center, which will be a part of the Dubai Land Department, will settle disputes between landlords and tenants within 30-45 days. While the creation of the new center is expected to result in a more balanced market for tenants and landlords, it might also affect developers if there is a leaning towards most disputes being settled in favor of tenants. Many investors, who buy property with the idea of earning rental yields, could delay their investment decisions until the balance between pro-tenant and pro-landlord decisions stabilizes. However, industry sources feel that in the current market scenario, where sales are booming, the setting up of the new agency won’t severely impact buyers’ decisions. Lease-to-buy agreements or long-term leases will not come

under the jurisdiction of the new center, and since many developers use the former as an incentive to attract buyers, this practice will continue without being affected by the Rent Dispute Settlement Center. With the rapid rise in rentals over the past year and a half, the likelihood of disputes is high. For landlords, a solution for avoiding disputes would be to include details of future rental hikes in the contract, so that tenants have a good understanding of all the terms before they sign the agreement. Another option would be to replicate the practices followed in more mature markets, by structuring contracts to include incentives for tenants such as extended rent-free periods or a longer moratorium on rent increases. The new center will also help in making the sector more transparent.

www.valoran.ae


Valoran Real Estate Brokers Your Lifestyle Broker

Malls Continue to Increase Retail rents in prime malls in Dubai went up by 5-6 per cent in the second quarter of this year. Over the past four or five quarters, rentals in prime malls have gone up by around 10 per cent. Prime malls record high occupancy rates of between 90 to 100 per cent, leaving supply limited, which pushes up rents, as a result. Several new malls are being added to Dubai’s retail market of which the largest are Al Ghurair Centre in Deira and The Avenue on Al Wasl Road. New malls are expected to deliver a total stock of 48,000 square meters this year and 144,000 in 2014, as per data from Jones Lang LaSalle. However, experts feel that the increase in supply will not stop rents in prime malls from rising. As per a CBRE report, prime retail locations in Dubai fetched average retail rents of $114 per square foot per annum, during the second quarter of this year. Retail rents for similar locations in Abu Dhabi were $71 per square foot per annum. Rents in Dubai’s secondary malls, including Ibn Battuta and Al Ghurair Centre, decreased by 7.5 per cent in Q2, reaching Dh1,722 per square meter from Dh1,862 per square meter in Q4 of 2012.

Over the past five years, many high-end brands have relocated from secondary malls into prime locations, where sales potential and footfalls are higher. As a result, secondary malls have been trying to reposition themselves by attracting local brands and start-ups that cater to residents who live nearby. Dubai’s total stock of retail space in malls is currently 2,816,000 square meters. It has increased by just 168,000 square meters over the last three years. Once the additional retail space that is being planned for the future is delivered, supply would exceed demand, and this might result in rents tapering by 2016 or 2017. Until then, there will be a steady increase in retail rents.

For the second consecutive quarter of 2013, Dubai continues to hold the top spot among Global Property Guide’s list of highest recorded sale prices across 42 cities. Prices in Dubai increased by 17.99 per cent, year on year, compared to Q2 of 2012. Among the global cities, Taiwan replaced Hong Kong in the second place by recording an increase of 14.52 per cent over the year ending June 2013. Hong Kong was placed third with an increase of 13.7 percent. Following the global economic meltdown, house prices decreased by 53 per cent between Q3 of 2008 to Q3 of 2011. Dubai’s recovery began in Q2 of 2012, largely supported by the healthy economic growth in the UAE. According to Global Property Guide, the emirate has witnessed an increase in consumer and investor confidence due to the easy availability of finance, the currency being pegged to the dollar and the city’s status as a safe haven. According to data from UK-based consultancy firm Knight Frank, Dubai’s property prices recorded an increase of 21.7 per cent over the past year (ending June 2013). In early September, Standard Chartered said that the current increase in Dubai’s prices is based on improved economic activity rather than speculation, which resulted in the crash of 2008.

4


Valoran Real Estate Brokers Issue No. 10 - Oct. 2013

Shaikh Holdings has released

between Dh8.9 million and Dh22 million, with 40 per cent payable in the construction phase and the remaining 60 per cent upon completion.

apartments and 219 residential villas and apartments. The DMCC has announced its plan to build the

The two UAE developers have signed a contract with the Iraqi National Investment Commission to

will be a glass-box style building that will multi-national companies that are looking markets.

include townhouses, villas, stores, schools, other things.

Market Trend Sales Price [USD/SQM]

Rent Price [USD/SQM]

7500

40

5000

30

2500

20

0

2005

2010

t %VCBJ t "CV %IBCJ "VH "CV %IBCJ o 64% 42.

10

2010

2012

t %VCBJ t "CV %IBCJ SFJEJO DPN

www.valoran.ae


Valoran Real Estate Brokers Your Lifestyle Broker

Latest from the economy

Speculation Pushes up Stock Prices in UAE Markets For the third consecutive session, Dubai’s benchmark index recorded higher closing figures and larger trading volumes, while share prices rose across the UAE. The DFM General Index recorded a 1.04 per cent increase and closed at 2,709.36, mainly due to speculative trading in some stocks such as Gulf Navigation. The company’s announcement on Monday that it would be focusing on its chemical tanker operations and selling off its crude oil fleet, following a seizure of one of the vessels in Holland, resulted in a 10.06 per cent of its stock prices. Other stocks that accounted for the highest trading value, included Union Properties (up 0.66 per cent), Arabtec (2.01 per cent rise) and Dubai Islamic Bank (2.42 per cent increase). The losers were Deyaar Development (decrease of 3.57 per cent), Tabreed (down 1.23 per cent) and Emirates NBD (fell 0.19 per cent). The total trading volume increased to Dh1.49 billion shares, up from 842.78 million – Sunday’s closing index. From the 32 stocks that were traded on the exchange, 16 6

gained, six recorded no change and 10 declined. In Abu Dhabi too, the Securities General Index increased by 0.19 per cent to 3,816.40. Twenty seven stocks were traded, of which 10 declined, 10 remained the same and 7 recorded increases. The most traded stock in Abu Dhabi was Rak Properties, which rose by 2.94 per cent to close at Dh0.70. Other gainers included National Bank of Abu Dhabi (2.40 per cent to Dh12.80) and Dana Gas (1.59 per cent to Dh0.64).

Employers in the UAE continue to look at expatriates for filling vacant positions, in spite of the federal government’s efforts to encourage local hiring. The results of an independent study conducted in June 2013 in which 75 finance directors and Chief Financial Officers were surveyed, pointed to organizations continuing to depend on expatriate recruitment as their strategy. The government declared 2013 as the “Year of Emiratisation” and has been focusing on creating


Valoran Real Estate Brokers Issue No. 10 - Oct. 2013

employment opportunities for UAE nationals. The majority of Emirati recruitments have so far come from Abu Dhabi, with several government and semi-government positions being filled by UAE nationals. Despite the Government’s efforts, many foreigners continue to land in the UAE without a firm offer as they are confident of being offered a position within weeks. Expatriates, who are already in the country, are at an advantage, so long as they have the requisite skills and experience. Employers prefer to hire those who have knowledge about the UAE markets and an understanding of the local culture.

Tie-Ups with UAE SMEs At the Fourth UAE Conference of SMEs and Innovation, representatives from countries, including Sweden, Italy, Canada and the Republic of Korea said that they were not only looking at sharing best practices with UAE SMEs, but also hoping to learn from the country’s success, particularly in attracting investments. Participants felt that such tie-ups would help in promoting innovation in the local SME sector.

Track Dubai World Central has announced that the construction of the new Emirates SkyCargo’s terminal at the Al Maktoum International Airport is progressing as per estimated schedules. The first phase of construction will be completed in December this year. Following this, in April 2014, the cargo handling system will be installed and the work on the interiors will commence. The terminal will be fully completed by the middle of next September. Once finished, the terminal will have the capacity to handle 700,000 tonnes of cargo, with a provision for further expansion of 300,000 tonnes in phase two. Upon completion the new terminal will be a modern and efficient one that will be equipped with world-class infrastructure and facilities to make it a leading global cargo hub.

Speaking at the event, Minister of Economy Sultan Saeed Al Mansoori said that he was confident that the SME sector would contribute more to UAE’s gross domestic product GDP with the implementation of the Small and Medium Enterprises Law, which was recently approved by the Cabinet and the Federal National Council. At present, there are approximately 230,000 SME businesses in the UAE, which play an important role by contributing to roughly 60 per cent of the GDP. They also account for a significant portion of the country’s working population and are part of the strategy of transitioning towards a knowledgebased economy. The new SME law is expected to encourage more people to start businesses of their own, and it includes a provision that will require government institutions to encourage the growth of the sector by procuring at least 10 per cent of their requirements from SMEs. www.valoran.ae


Valoran Real Estate Brokers Your Lifestyle Broker

Bid The UAE ranks higher than other countries who are bidding for the World Expo 2020, as per the World Economic Forum’s (WEF) Global Competitiveness Index, which assesses the scenario in 148 economies worldwide. The UAE ranked 19th in productivity, breaking through the top 20 barrier for the first time (last year it was 24th). It was placed ahead of other competitors – Turkey (44th), Brazil (56th) and Russia (64th). The country has also overtaken Saudi Arabia (placed 20th) to be the second most competitive economy in the region, behind Qatar, which holds the 13th rank. The improvement in the UAE’s ranking is largely due to the high quality of its infrastructure, (on which it ranks 5th globally) and its efficient goods market (4th rank). Other points that work in the country’s favour are its macroeconomic stability (7th rank), government efficiency (9th) and public confidence in politicians (3rd). The report highlighted that the UAE needs to boost its health and education sectors through increased investments.

8


Valoran Real Estate Brokers Issue No. 10 - Oct. 2013

Dubai Freehold Property Jumeirah Lake Towers Located on the waterfront in a beautifully landscaped environment complete with lush gardens and soothing waterways, including four artificial lakes, Jumeirah Lake Towers is a mixeduse freehold development by Nakheel – one of Dubai’s leading property developers. The project comprises a total of 87 towers, which include residential apartments, office towers, hotels and retail spaces. 78 of the towers are built in clusters of three alongside the gardens and the winding waterways. In addition, 8 new towers are located on the JLT embankment area with views of the Jumeirah Islands.

The height of the towers varies, ranging from 35 to 45 floors. The majestic 66-storied Almas Towers, which is the headquarters of the Dubai Multi Commodities Centre (DMCC), stands at the center of the development on an island between Lake Almas East and Lake Almas West. The DMCC is the licensing authority for businesses that want to benefit from operating from a free zone by setting up offices in Jumeirah Lake Towers. The Almas Tower has offices and residences that are mostly owned by jewelry traders and manufacturers. The basement of the tower has a diamond vault. The remaining towers form 26 clusters, named from A-Z, each with its own parking area and waterfront retail.

Jumeirah Lake Towers, Dubai, United Arab Emirates

www.valoran.ae


Valoran Real Estate Brokers Your Lifestyle Broker

Location & Accessibility Jumeirah Lake Towers is located next to Sheikh Zayed Road, in between interchanges 5 and 5.5. It is approximately a 30-minute drive from Dubai International airport and 40 minutes from Abu Dhabi. In addition, a short walk connects to the Jumeirah Lake Towers and Dubai Marina metro stations, making it an easy commute to the city center or the airport. Dubai hot spots such as the Beach and the Marina are a 5-minute drive from the development. In the cooler months, it’s a pleasant walk, crossing Sheikh Zayed Road via the metro bridges.

several independent grocery stores. Besides this, there are spas, salons, home accessories pharmacies, making everything within easy (under construction) are also located within the development.

1-12. There is currently one University located besides an MBA program.

Facilities & Amenities

Residential Towers

commercial and mixed-use towers have amenities such as party halls, swimming

penthouses. In general, the apartments on community can enjoy. Ibn Battuta Mall, Marina minutes away and are accessible by metro. The community has its own retail and leisure options. For grocery shopping, there is a

the towers have high speed elevators, security addition to swimming pool, gym, underground parking and concierge services.

Price range

Studio 1 bed. 2 bed. 3 bed. 4 bed. 5 bed. 0M

1M

2M

3M

4M

5M

Price ranges by no. of bedrooms

10

6M

7M

8M


Valoran Real Estate Brokers Issue No. 10 - Oct. 2013

Sale Prices and Rentals Sale prices in Jumeirah Lake Towers range from 500,000 AED upwards for a studio apartment to 7,020,000 AED for a 5-bedroom penthouse. Reidin.com market indices for the past six months show that 831 transactions took place in Jumeirah Lake Towers for residential apartments, amounting to a total value of 234,091,017 USD for 81,604 square meters. The average price per square foot ranged from USD 271.1/SQM to USD 6,965/SQM. Rentals in apartments located in Jumeirah Lake Towers also vary from one project to another. As per RERA’s first update for 2013, rentals in Jumeirah Lake Towers showed a slight increase from 2012. The average rentals ranged from AED

35,000 to AED 45,000 per annum for studios, from AED 50,000 to AED 65,000 p.a. for one-bedroom apartments and from AED 65,000 to AED 100,000 for two-bedroom apartments.

Jumeirah Lake Towers - Sale Prices over last 6 months Median Price [USD/SQM]

2,917 USD/SQM

Min Price [USD/SQM]

271.1 USD/SQM

Max Price [USD/SQM]

6,965 USD/SQM

No. of Transactions

831

Total Value

234,091,017 USD

Total Size

81,604 SQM

Median Transaction Price

242,347 USD

Min Transaction Price

51,559 USD

Max Transaction Price

1,715,490 USD

www.valoran.ae


Valoran Real Estate Brokers Your Lifestyle Broker

International Real Estate News

Real Estate Gains Are the

According to Hurun Report Inc.’s annual China Rich List, over the past year China’s property industry is the leading source of income among the country’s wealthy. One out of every four people who made the rich list accumulated their wealth from the real estate industry, while six out of ten people made their money from the construction sector. With land prices having reached record highs in the recent past, fuelled by rising demand, China’s leaders are trying to find a solution to prevent a bubble, while at the same time extending their support to this sector, which is one of the major drivers of economic growth in the country. In terms of individual ranking, Wang Jianlin, a Real estate tycoon who is chairman of Dalian Wanda Group (China’s largest commercial developer) was placed at number one, after he doubled his wealth to $22 billion. He has replaced beverage magnate Zong Qinghou from the top spot. The combined net worth of China’s top 100 wealthiest people recovered by 27 per cent, after a decline last year. Of these, approximately six out of every ten individuals saw their fortunes rise over last year’s figures.

12

New entrants in the top five wealthiest included Pony Ma (Tencent Holdings), Yang Huiyan (real estate developer Country Garden Holdings Co.) and Wei Jianjun (Great Wall Motor Company). Together they recorded an 80 per cent increase in their wealth compared to 2012. The report also showed that despite the overall slowdown in the country’s economy over the past ten quarters, the number of billionaires has increased by 25 per cent to reach 315 individuals.

Dubai based Damac Properties, which has collaborated with Versace Home to construct a $300 million project with high-end homes in Solidiere, Beirut, has met a construction milestone. With the completion of the third floor slab cast, work on the Damac Tower is progressing well. The development, which will present the Versace lifestyle to its Lebanese residents, is the first such exclusive residential tower in the region. With 28 floors that have lovely views of the Mediterranean, the building is designed to resemble to waves of the sea. The spacious units in the tower will have interiors that are customer designed by the Italian fashion house and will include the brand’s products in the common areas such as the health and fitness centers, lobby and concierge desk.


Valoran Real Estate Brokers Issue No. 10 - Oct. 2013

Skyscraper Could Result in Tabor British millionaire Michael Tabor, who made his money through gambling and horse racing, plans to auction a Manhattan skyscraper to profit from the increased demand for premier real estate in New York. The building, which he acquired in 2007 with US private equity company Somerset Partners, stands at 450 Park Avenue. It was purchased for $509 million through the Tabor family trust for a record price per square foot – the highest for a North American office tower –at a time when the property prices were at a peak. Located at the intersection of Park Avenue and East 57th Street, in one of New York City’s most expensive shopping and office districts, the skyscraper is now valued at $600 million. New York has seen a rise in demand for high quality office towers, especially those with long term tenants and retail properties along shopping corridors that are frequented by tourists and luxury goods shoppers. Many foreign investors buy such properties as trophy assets, and in the first half of 2013, around $1.96 billion was invested into these types of property in Manhattan. According to Keith Rubenstein, principal at Somerset Partners, the firm has received several inquiries for the building over the past six months, and they are hoping to sell the skyscraper at a profit, which will help them make other strategic purchases in the city.

the industry group has come up with a proposal whereby the central bank would have to take measures to reduce mortgage lending if prices increased by more than 5 per cent in a particular year. According to data from mortgage lender Halifax, housing price inflation has already crossed 5 per cent. While the government defends its ‘Help to Buy’ initiative, which is aimed at helping first time buyers invest in property, and says that the activity in the housing market remains much lower compared to the peak in the pre-crisis period, critics feel that the new initiative by the government will only increase prices further making home unaffordable for first time buyers. The second phase of this controversial initiative will see the state providing guarantees for high risk mortgages. The new plan is being drawn up by the Treasury and is scheduled to launch in January. In view of this, Rics feels that a clear message from the Bank of England that it will not support price rises greater than 5 per cent could help in keeping the price inflation under check, as it would discourage buyers from procuring excessive debt to benefit from the pricing boom and also discourage lenders from relaxing their standards to gain a larger market share. According to Howard Davies, a former BOE deputy governor, the real problem is the lack of new property development. Although house building has picked up over the past few months, it is still around 25 per cent lower than the long term average. Despite new construction being almost 20 per cent higher in the second quarter compared to the first, economists feel that there needs to be a more sustained increase for keeping pace with the growing demand.

New Boom and Bust Cycle In the UK, the Royal Institution of Chartered Surveyors (Rics) has asked the Bank of England to limit the rise in house prices. In a rare move, since Rics usually benefits from rising property prices,

www.valoran.ae


Valoran Real Estate Brokers Your Lifestyle Broker

Lifestyle

Liberace Mansion in Las American Pianist and Vocalist Valentino Liberace’s one-time home in Las Vegas was sold to a British businessman for $500K in cash. The new owner bought the mansion as Liberace’s flamboyant style inspired him to learn to play the piano when he was a child. The 2-bedroom, 10-bathroom 15,000 square feet mansion, which was bought by Liberace in 1974, retains some elements that are reminiscent of the performer, including a room with tile piano keys on the floor, chandeliers and a mirror bar with Liberace’s signature etched on it. The house sits on half an acre close to the University of Nevada. The home sold for $29,000 less than its listing price, mainly because of its location in an aging neighborhood where surrounding houses are small and sell for between $80,000 and $150,000. The 1962-built home is also in need of some repair and renovation. For instance, it does not have a working kitchen, as the previous owner, who had converted it into a commercial kitchen left it without appliances. The home was previously sold for $3.7 million in 2006, when Nevada’s real estate was booming. JP Morgan Chase seized it through a foreclosure in February 2010. Following a legal battle with the previous owner Terrence Lee Dzvonick, which was 14

dismissed by the judge in December, the mansion was put on the market at the beginning of the summer this year.

Record-Breaking Flawless

Sotheby’s Hong Kong auction is likely to witness record prices for two extraordinary flawless diamonds that will be up for bidding on October 7th. The first of these diamonds is the world’s largest D-flawless diamond ever to appear in an auction, which at 118.28-carat is as big as a small egg. The second is a 7.59 carat internally flawless premier Blue Diamond, which will be the biggest round diamond of its kind to be featured in an auction. The white diamond, which was discovered in a mine in South Africa in 2011, came from a 299-carat rough, which was cut and shaped over several months to achieve its D-flawlessness. This stone is expected to sell for between $28 million and $35 million, while the Blue Diamond, the source of which is unknown, is expected to fetch over $19 million. It is believed that this stone might have come from the Cullinan Mine in Gauteng, South Africa (earlier known as Premier Mine), which is the only known source of blue diamonds in the last century.


Valoran Real Estate Brokers Issue No. 10 - Oct. 2013

The two flawless stones will be a part of the auction at the Hong Kong Convention and Exhibition Centre to mark Sotheby’s 20th anniversary in Asia. There will be around 330 lots in all, which will include a range of gems, including colorless, yellow, pink and blue diamonds, Kashmir sapphires, Burmese rubies, Colombian emeralds, pearls and jadeite. Together, these lots are expected to fetch over $110 million.

Spyker Introduces B6 Venator Spyder Concept Spyker has announced a unique alternative in the High Luxury Sports car segment. The Spyker B6 Venator Spyder Concept, which has been designed by CEO Victor R. Muller, is the muchawaited convertible option of the company’s compact 2-door mid-engine sports car. The exterior of the new model includes the trademark v-shaped radiator grille that is reminiscent of the Spyker cars of the 20th century. LED light rails on the headlights give it an aggressive appearance, while the 3D LED

lights in the rear resemble the after burners of a modern aircraft’s jet engines. The 1903 logo serves as a reminder of the era when the company built amazing racers such as the 60HP. The interiors are done up to resemble an aircraft cockpit with the use of high-quality leather. The dashboard looks similar to that of a litup aircraft before the pre-flight check. It has a turned aluminum finish that is reminiscent of the dashboards of the Spykers of the 1920s. The push button ignition starts up the powerful V6 engine that delivers more than 375bhp. The company will begin production of this new car in the latter half of 2014 for important global markets, including the Middle East, Europe, Asia Pacific and India. The car will be available in the US in the first few months of 2015. This model will present a more accessible version of the Spyker experience with an estimated price of approximately $150,000.

www.valoran.ae


Valoran Real Estate Brokers Your Lifestyle Broker

International Property Markets Austria Austria is ranked thirteen among the world’s hottest property markets, as per Knight Frank’s Global House Price Index in Q2 2013, having recorded an annual price growth of 8.5% over Q2 of 2012. In the housing segment, prices have been increasing for the past 9 years. The capital, Vienna, has experienced the best of the housing boom from 2003 to 2012, while price changes have been erratic in the rest of the country. Although the country’s real estate sector has several advantages that work in its favor, including a stable government and a strong economy compared to other countries in the Eurozone, for investors the market also has certain pitfalls such as high buying costs, low rental yields due to the pro-tenant laws, high rate of tax on rental income and a punitive rate of tax on capital gains. Closing costs for transactions work to approximately 10 per cent of the sales price, which covers transfer tax, land registration fee, agent’s fee and notary. Foreign nationals require prior permission for purchasing a property on federal land, and in most cases the permission is granted by the government authorities only after a careful evaluation of the best interests for the piece of land. The restrictions are more relaxed in second home zones. Most foreign buyers opt to purchase properties in Vienna, Salzburg and in the ski resorts. While earlier German nationals accounted for the largest share of buyers, followed by the British, they have been replaced by Russians and other East Europeans. 16


Valoran Real Estate Brokers Issue No. 10 - Oct. 2013

Residential Market The residential property market in Austria continues to be resilient after nine consecutive years of price rises. Although sale prices declined slightly (0.65 per cent) in Q4 of 2012, prices in cities other than Vienna grew by 8.46 per cent during 2012 compared to the previous year. According to a Colliers’ Austria Market Report 2012, demand for property continues to be high in Vienna. The city is popular for high-end residential properties, despite the fact that prices have doubled over the past ten years. This is because prices are still relatively lower than other global cities such as New York. Vienna is top of the list for buyers who are looking at purchasing a second residence, as it offers safety and good quality of life. In general, the highest transaction prices were recorded in Districts 1, 18 and 10, but prices varied

Knight Frank Global House Price Index 12-month % change (Q2 2012-Q2 2013)

6-month %change (Q4 2012-Q2 2013)

1

21.7%

14.7%

2

19.1%

6.7%

3

15.4%

11.9%

4

14.8%

10.7%

12.7%

7.2%

12.2%

5.9%

7

12.1%

7.1%

8

11.9%

8.7%

9

11.9%

5.8%

10

10.9%

4.0%

11

10.8%

4.3%

12

10.2%

8.3%

8.5%

0.4%

14

8.4%

4.6%

15

6.4%

2.4%

Rank

Country

5 6

13

Turkey

Austria

Vienna, Austria

www.valoran.ae


Valoran Real Estate Brokers Your Lifestyle Broker

by almost 50% within different areas and streets in these neighborhoods. Part of the reason for the high prices is the difficulty to build in the center of the city, which keeps supply low. In Q3 of 2012, the number of authorized dwellings in new buildings increased by 9,689 – a gross floor area of approximately 2.9 million square meters. However, the increase in supply will not keep pace with the rising demand. As a result, demand for residential property is expected to continue to remain strong in 2013 and property prices are expected to remain high over the next few years. According to a BUWOG-EHL report on Vienna’s residential market, the highest growth will take place in the medium price segment, where current prices range from EUR 3,000-5,000. The high price segment, where prices have peaked at around EUR 25,000-50,000 are expected to remain stable. In terms of rentals, Vienna’s Inner Stadt has the most expensive properties, and although they fetch higher rents, yields are lower than in other areas and are at a low average of around 2.34 per cent. Areas outside the Inner Stadt, earn higher rental yields with smaller apartments getting higher yields than larger ones. Salzburg’s rents are almost similar to Vienna’s, and yields are also in the same range. Graz, which is Austria’s second largest city, has the highest rental yields (4.85 per

cent to 6.35 per cent) as property prices remain at affordable levels (EUR 2,000-3,000).

Demand for office property remained stable in 2012 compared to the previous year. However, there was a noticeable decline in demand for office spaces with poor infrastructure. Several major projects were expected to be completed in the city center in 2012. Around 200,000 square meters of new space was expected to be added, which is marginally more than the additional space added in 2011 and 2010 (180,000 square meters each year). However, according to the EHL’s Office Market Report, rents were expected to remain relatively stable as demand and supply are appropriately matched. Average rents remained at approximately EUR 14.5 per square meter. Along office development axes, there is a trend towards investment by landlords in energyefficient infrastructure, which earn slightly higher rents. Tenants are willing to pay the increased amount as it helps them achieve lower operating costs in the long term. Source: Colliers Salzburg, Austria

18


Valoran Real Estate Brokers Issue No. 10 - Oct. 2013

Last Updated: Aug 25, 2012 Vienna - Inner stadt apartments

Cost(â‚Ź) To Buy

Monthly Rent

100 sq. m.

824,100

1,895

200 sq. m.

2,588,800

50 sq. m.

Price/Sq.m. (â‚Ź)

YIELD (p.a.)

To Buy

Monthly Rent

2.76%

8,241

18.95

4,162

1.93%

12,944

20.81

205,250

729

4.26%

4,105

14.57

85 sq. m.

362,950

1,204

3.98%

4,270

14.16

120 sq. m.

548.040

1,741

3.81%

4,567

14.51

175 sq. m.

841,400

7.485

3.53%

4,808

14.20

350 sq. m.

1,845,900

5,065

3.29%

5,274

14.47

60 sq. m.

219,420

836

4.57%

3,657

13.94

120 sq. m.

538,080

1,566

3.49%

4,484

13.05

225 sq. m.

1,439,775

2,970

2.48%

6,399

13.20

40 sq. m.

92,320

488

6.34%

2,308

12.19

76 sq. m.

158,775

812

6.13%

2,117

10.82

120 sq. m.

311,880

1,261

4.85%

2,599

10.51

Vienna - other areas apartment

Salburg - apartments

Graz - apartments

House Price Change, Annual (%) 20 15

Despite the slow economic growth, compared to other international cities, the office market in Vienna remained relatively stable with vacancy of just 7 per cent, making it the fourth best market in Europe.

10 5 0 -5 -10

+VMZ %VCBJ USD 3,175/SQM

‘00

‘02

‘04

‘06

‘08

‘10

‘12

t /PNJOBM t 3FBM 4PVSDF 0FTUFSSFJDIJTDIF "TUSJB /BUJPOBMCBOL

www.valoran.ae


Valoran Real Estate Brokers Your Lifestyle Broker

Retail Market The positive trend brought about by the retail boom in 2010 continues with the demand for retail space in prime locations remaining strong. With the development of high-end retail spaces in the city center, Austria has gained a place among the top ten international retail destinations in 2013. Expansions and new developments have resulted in around 120,000 square meters of retail space being added to the stock over the last year. However, the rising rents in the central district can be afforded only by high-end retailers. This trend, along with the lack of availability of space in the city center has resulted in many retailers expanding their presence through stores in the 6th and 7th district or in prime positions in shopping centers. The highest rents in the retail market in Vienna were in the ‘Goldenes Quartier’, averaging around EUR 390 per square meter and placing Austria among the top ten most expensive retail locations in the world (almost on par with Bond Street in Vacancy Rates 23.0 16.0 15.6 13.9 13.5

Bucharest Amesterdam Frankfurt Moscow

12.2

Madrid

12.0

Brastislava

12.0

Prague

10.9 8.5 7.1

With the rising demand for residential and retail space in Austria, the real estate market is expected to overcome the slight dip in Q4 of 2012 and keep on the growth path. The Austrian economy is strong compared to other countries in Europe that have been hit by the economic downturn.

In addition, with the increased growth in tourism and retail activities over the past few years, the country is an attractive option for investors looking at buying property in Europe.

Paris

6.8

Munich

Source: Market Research | Spring 2013

Forecast

Warsaw

Vienna

4.2

The global trend towards increased investment in retail spaces was mirrored in Austria in 2012, with around 40% of total transaction volumes coming from retail spaces. With the high demand for space in the prime locations, rental yields in these areas reached an all-time high of 4%, making retail investment in the city an attractive option.

Milan

7.0

5.3

20

Budapest

London, Fifth Avenue in New York and Champs ElysĂŠe in Paris).

Berlin London (West End)

Vienna continues to be the main focus for residential and retail property investment. Besides this, with the growth in tourism, second homes in ski resorts near the Alps are a good incomeproperty option as they can earn through vacation rentals.


Valoran Real Estate Brokers Issue No. 10 - Oct. 2013

Property types

t 7JMMB t "QBSUNFOU

Properties by bed rooms

t 4UVEJP

t CFE t CFE

t CFE

t CFE t CFE

Vienna, Austria

www.valoran.ae


Valoran Real Estate Brokers Your Lifestyle Broker

Real Estate Investing Lesson 8

Property Evaluation – Calculating Net Operating Income and Cash Flow In last month’s issue, we talked about the basics of evaluating a property and mentioned the different types of information that can be assessed before deciding whether a property is an attractive investment option. Since the main aim of an investment property is to generate income in the long term, calculating its earning potential is just as important in the process of evaluation.

22


Valoran Real Estate Brokers Issue No. 10 - Oct. 2013

This lesson shows you how to calculate a property’s Net Operating Income through determining its Income and Operating Expenses. In addition, we will look at how to calculate the actual Cash Flow from the property. These two calculations, while involving some number crunching, are essential as they are building blocks for common approaches that professional appraisers use for determining the value of a property.

(ROI) is Important The intent behind buying an investment property is to have a future source of income. Calculating ROI helps in determining a property’s potential to earn a steady source of income well into the future. This usually happens if a property has a high occupancy rate and scope for growth in income, while at the same time having minimum expenses and a low turnover of tenants. Unlike with purchasing a property for your own use, while looking at investment property it’s best to keep emotions out of the equation and value a property with a critical eye. Instead of buying a property because you fall in love with it, look at how you can manage it to increase in value over time. Additionally, determine how much you might have to spend on maintenance and holding costs, if you are simply looking for cash flow and appreciation.

Net Operating Income (NOI) NOI is determined by subtracting a property’s expenses from its operating income. Though it sounds simple, it is one of the vital elements in deciding whether to buy, sell or hold a property. Besides estimating the actual current NOI, it is advisable to calculate the projected future NOI too in order to get a more realistic picture that will help with decision making. Net Operating Income = Income – Operating Expenses Most sellers provide their own estimates of current and projected NOI. However, as a buyer, it’s best to start from scratch and do your own calculations. Sellers often make the NOI seem more attractive than it actually is, so that the investment potential of their property increases. This could be done through inflating rents or lowering expenses, whereas, in reality, rents may not rise as expected during lease renewals. Similarly, expenses are likely to increase over a period of time. If possible, request a copy of the seller’s tax return for the previous year as this will have actual figures of income and expenses, rather than fictional ones.

Finding the future value of a property is also a key element in the decision making process. Essentially, four other elements will also have influence on return on investment calculations. These include the net cash flow (money generated after deducting costs and debt servicing from the income earned by the property), tax benefits of depreciation, buildup of equity (when the debt used to purchase the property is paid off ) and property value appreciation.

www.valoran.ae


Valoran Real Estate Brokers Your Lifestyle Broker

A Realistic Approach to Calculating Income While using the data provided by the seller or agent is easier, it’s best to start with a blank piece of paper and work out your own set of calculations. Start by analyzing each tenant individually and determining the strength of a tenant not only in terms of whether he has the financial capability to meet rentals over the lease period, but also with regard to the potential to increase income from the property in the years to come. Talk to prospective tenants and find out their needs. This might prove useful, especially in commercial leases, where a financially strong tenant with future plans of expansion could be offered additional space, which is presently occupied by a tenant who is irregular with payments. Income calculations and projections should focus on more than just rents. There is a difference between Gross Potential Income (GPI) and Effective Gross Income (EGI). While the former

24

is an estimation of the maximum rent that can be collected if the property had 100 per cent occupancy and no default in rental payments, the latter is a more realistic estimate that deducts income losses from vacancy, delinquency, concessions and collection losses, and adds potential income from secondary sources such as late payment charges and returned cheques.

Calculating Operating Just as with income, it’s best to follow a zerobudget approach to determine operating expenses of a property rather than rely solely on historical data. Make a list of every expense that is likely to be incurred and review each one to see if it is realistic and if it can be reduced in any way. For instance, a garden maintenance or carpet cleaning contractor might be willing to offer a lower rate if he is guaranteed business for a longer period of time. Management fees (even if you are self-


Valoran Real Estate Brokers Issue No. 10 - Oct. 2013

HVAC or appliances. Making capital improvements is vital to ensuring that the real estate continues to earn income. So, it’s always a smart move to budget and save for it.

Evaluation Methods

Data approach, Cost approach and Income Capitalization approach. Next month, we will go managing the property), utilities (electricity, water and waste management), insurance and other miscellaneous costs (such as cleaning, janitorial, landscaping and pest control services) should be accounted for while calculating operating expenses. If Common Area Maintenance charges (CAM) are borne by the owner and tenant, make sure that your share of CAM payments are included while calculating operating expenses.

While NOI helps in determining the value of a property in terms of how much you can afford to pay for it, unlike cash flow, it does not take into account the costs associated with debt service and capital expenditure. Cash Flow (before tax) = Net Operating Income – Debt Service – Capital Expenditure Evaluate the actual cost of debt servicing based on a firm commitment that you get from the proposed financier. Similarly, while calculating capital expenditure, account for the costs that are likely to be incurred over the next few years, such as replacement of floor coverings, windows, www.valoran.ae


Valoran Real Estate Brokers Your Lifestyle Broker

Properties of the month Stand Point A

Down Town

Stand Point A

Down Town

RE

NT

NT

RE

Price (AED)

150,000

Price (AED)

95,000

Number of Bedroom(s)

2

Number of Bedroom(s)

1

View BUA (in Sq.ft.)

View BUA (in Sq.ft.)

1,149

Reference Number

866

Reference Number

Agent Name

Maya

Agent Name

Maya

Contact Number

050 9324788

Contact Number

050 9324788

Executive Tower B

Business Bay

Marina Promenade, Aurora Tower Dubai Marina

NT

RE

NT RE

Price (AED)

85,000

Price (AED)

230,000

Number of Bedroom(s)

1

Number of Bedroom(s)

2

View BUA (in Sq.ft.)

View 1,362

Reference Number

BUA (in Sq.ft.)

1,898

Reference Number

Agent Name

Mia

Agent Name

Alex

Contact Number

055 2275515

Contact Number

055 5075020

26


Valoran Real Estate Brokers Issue No. 10 - Oct. 2013

The Address Lake Hotel

Down Town

Emirates Financial Tower

RE

NT

NT

RE

Price (AED)

190,000

Price (AED)

Number of Bedroom(s)

1

Number of Bedroom(s)

View BUA (in Sq.ft.)

View BUA (in Sq.ft.)

790

Reference Number

559 – 1,801

Reference Number

Agent Name

Alex

Agent Name

Alex

Contact Number

055 5075020

Contact Number

055 5075020

Business Tower

Business Bay

The Address Dubai Mall Hotel

Price (AED)

3,100,000

Number of Bedroom(s)

Number of Bedroom(s)

1

View

View

BUA (in Sq.ft.)

950,000

1,214

Reference Number

Down Town

LE SA

LE SA

Price (AED)

DIFC

BUA (in Sq.ft.)

780

Reference Number

Agent Name

Mehdi

Agent Name

Mehdi

Contact Number

055 5075040

Contact Number

055 5075040

www.valoran.ae


Valoran Real Estate Brokers Your Lifestyle Broker

Properties of the month The Address Lake Hotel

Down Town

Executive Tower B

Business Bay

L SA

E

E

L SA

Price (AED)

9,750,000

Price (AED)

2,400,000

Number of Bedroom(s)

2

Number of Bedroom(s)

2

View BUA (in Sq.ft.)

View BUA (in Sq.ft.)

1,848

Reference Number

1,604

Reference Number

Agent Name

Maya

Agent Name

Maya

Contact Number

050 9324788

Contact Number

050 9324788

Balqis Residence

The Palm Jumeirah

Qourtaj

Al Furjan

LE

SA

LE

SA

Price (AED)

3,800,000

Price (AED)

4,000,000

Number of Bedroom(s)

2

Number of Bedroom(s)

3

View BUA (in Sq.ft.)

View 2,022

Reference Number

BUA (in Sq.ft.)

6,000

Reference Number

VI1078

Agent Name

Mehdi

Agent Name

Mehdi

Contact Number

055 5075040

Contact Number

055 5075040

28


Valoran Real Estate Brokers Issue No. 10 - Oct. 2013

Legacy

Jumeirah Park

Saheel 3

Arabian Ranches

L SA

E

E

L SA

Price (AED)

7,000,000

Price (AED)

4,200,000

Number of Bedroom(s)

4

Number of Bedroom(s)

3

View

View

BUA (in Sq.ft.)

4,335

BUA (in Sq.ft.)

3,300

Reference Number

VI1146

Reference Number

VI1147

Agent Name

Mehdi

Agent Name

Mehdi

Contact Number

055 5075040

Contact Number

055 5075040

Reehan 7

Down Town

Jumeirah Islands Community

6,000,000

Number of Bedroom(s)

Price (AED)

10,500,000

Number of Bedroom(s)

View BUA (in Sq.ft.)

LE

SA

LE

SA

Price (AED)

Jumeirah Islands

View 3,400

Reference Number

BUA (in Sq.ft.)

15,400

Reference Number

RL1136

Agent Name

Mehdi

Agent Name

Mehdi

Contact Number

055 5075040

Contact Number

055 5075040

www.valoran.ae


Valoran Real Estate Brokers Your Lifestyle Broker

Properties of the month Tanaro

The Views

Burj Views A

Down Town

L SA

E

E

L SA

Price (AED)

2,600,000

Price (AED)

2,500,000

Number of Bedroom(s)

2

Number of Bedroom(s)

2

View BUA (in Sq.ft.)

View BUA (in Sq.ft.)

1,364

Reference Number

1,249

Reference Number

Agent Name

Mia

Agent Name

Mia

Contact Number

055 2275515

Contact Number

055 2275515

Cluster 43

Jumeirah Island

Golf Tower 2

The Views

LE

SA

LE

SA

Price (AED)

8,500,000

Price (AED)

1,650,000

Number of Bedroom(s)

4

Number of Bedroom(s)

1

View

View

BUA (in Sq.ft.)

5,000

BUA (in Sq.ft.)

Reference Number

VI1241

Reference Number

Agent Name

Alex

Agent Name

Mia

Contact Number

055 5075020

Contact Number

055 2275515

30

990


Valoran Real Estate Brokers Issue No. 10 - Oct. 2013

TWO TOWERS

SPECIAL OFFER 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.

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 FĂłDJFOU $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 1,375,000 for 1 B/R and AED 1,800,000 for 2 B/R apartments with financing option for 10 years.

Community Property Name Price (AED)

1,375,000

1,800,000

Number of Bedroom(s)

1

2

BUA (in Sq.ft.)

1,318

1,745

Reference Number

AP1123

AP1124

Contact Number

04 33 22248

04 33 22248

www.valoran.ae


Valoran Real Estate Brokers Your Lifestyle Broker

T W O

T O W E R S

O NE 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

32

5


Valoran Real Estate Brokers Issue No. 10 - Oct. 2013

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

5

www.valoran.ae


Valoran Valoran Real Real Estate Estate Bro Brokers kers

Your YourLifestyle LifestyleBroker Broker

FAC T S SH E E T O N E - B E D R O O M

A N D

T W O - B E D R O O M

BEDROOM

A P A R T M E N T

D E T A I L S

BATHROOMS AND GUEST TOILETS

L AY O U T

LAUNDRY CABINETS

SANITARY

S din doo “ti t and ide”, Ita ian mechanism

desi

MIXERS

ct in

Inc des ashin machine and d e machine, co mn insta ation

FLOORING

FLOORING

and man

E L E CT RI CA L A PP L IA NCE S

A CCE S S ORI E S

WARDROBES LIGHTING

W

LIVING ROOM/ DINING ROOM L AY O U T:

KITCHEN

BALCONY

FLOORING

FLOORING

CABINETS E L E CT R IC A L A P P L IA NC E S

Spain

S din doo “ti t and ide”, Ita ian mechanism FLOORING LIGHTING

B U I L D I N G

AMENITIES

D E T A I L S

LIFT LOBBIES

AIR CONDITIONING SYSTEM

FLOORING Spa

CHILLERS Ca ie - E ope desi n and man act in

ELECTRICAL

FAN COIL UNITS (FCU)

FRESH AIR HANDLING UNITS Ca ie - E ope desi n and man ac

GARAGE

n

LIFTS

STO R AG E Ava a e in the basement a ea o tenants*

6 ts 3 nits p

* Some exceptions

34 34

to e , dedicated to tenants


Valoran Real Real Estate Estate Bro Brokers kers Valoran Issue No. 10 - Oct. 2013 Issue No. 8 - August 2013

Ѧ 3FBEZ TQBDJPVT BOE FMFHBOU CFESPPN BQBSUNFOU Ѧ -PX EPXO QBZNFOU Ѧ $PNQFUJUJWF JOUFSFTU SBUF PG Ѧ (VBSBOUFFE SFOUBM JODPNF Ѧ ZFBST GJOBODJOH XJUI OP EPDVNFOUBUJPO

www.valoran.ae www.valoran.ae


‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫اﻵن ﻋﻠﻴﻚ أن ﺗﻌﺮف ﻛﻴﻔﻴﺔ ﺣﺴﺎب ‪ ، NOI‬وﺳﻮف ﻳﺼﺒﺢ ﺗﺤﺪﻳﺪ‬ ‫ﻗﻴﻤﺔ اﻟﻌﻘﺎر أﻛرث ﺑﺴﺎﻃﺔ‪ .‬ﻳﺘﻢ ﺣﺴﺎب ﻗﻴﻤﺔ اﻟﻌﻘﺎر ) أو ﺳﻌﺮه اﻟﻮاﻗﻌﻲ‬ ‫( ﻋﻦ ﻃﺮﻳﻖ ﻗﺴﻤﺔ ‪ NOI‬ﻋﲆ ﻣﻌﺪل اﻟﺮﺳﻤﻠﺔ )راﺟﻊ ﻋﺪد أﻏﺴﻄﺲ‬ ‫ﳌﺰﻳﺪ ﻣﻦ اﳌﻌﻠﻮﻣﺎت ﺣﻮل ﻣﻌﺪل اﻟﺮﺳﻤﻠﺔ ( ‪.‬‬ ‫اﳌﺜﻤﻨﻮن اﳌﺤﱰﻓﻮن ﻳﺘﺒﻌﻮن ﺛﻼث أﺳﺎﻟﻴﺐ أﺳﺎﺳﻴﺔ ﻟﺘﻘﻴﻴﻢ اﻟﻌﻘﺎرات‬ ‫ ﻧﻬﺞ ﺑﻴﺎﻧﺎت اﻟﺴﻮق‪ ،‬ﻧﻬﺞ اﻟﺘﻜﻠﻔﺔ و ﻧﻬﺞ رﺳﻤﻠﺔ اﻟﺪﺧﻞ‪ .‬اﻟﺸﻬﺮ‬‫اﳌﻘﺒﻞ‪ ،‬ﺳﻮف ﻧﺘﻄﺮق إﱃ ﻛﻞ ﻣﻦ ﻫﺬه اﻷﺳﺎﻟﻴﺐ ﺑﺎﻟﺘﻔﺼﻴﻞ ﳌﺴﺎﻋﺪﺗﻚ‬ ‫ﻋﲆ اﺗﺨﺎذ اﻟﻘﺮار ﺑﺸﺄن أﻓﻀﻞ اﻷﺳﻌﺎر اﻟﺘﻲ ميﻜﻦ أن ﺗﻮﻓﺮﻫﺎ ﻟﻠﻌﻘﺎرات‪.‬‬

‫ﻳﺘﻢ ﺗﻀﻤني ﺣﺼﺘﻚ ﻣﻦ ﻣﺪﻓﻮﻋﺎت ‪ CAM‬أﺛﻨﺎء ﺣﺴﺎب ﻣﴫوﻓﺎت‬ ‫اﻟﺘﺸﻐﻴﻞ ‪.‬‬

‫ﰲ ﺣني أن ‪ NOI‬ﻳﺴﺎﻋﺪ ﰲ ﺗﺤﺪﻳﺪ ﻗﻴﻤﺔ اﻟﻌﻘﺎر ﻣﻦ ﺣﻴﺚ ﺗﺤﺪﻳﺪ‬ ‫اﳌﺒﻠﻎ اﻟﺬي ﺗﺴﺘﻄﻴﻊ أن ﺗﺪﻓﻌﻪ مثﻦ ذﻟﻚ‪ ،‬ﻋﲆ ﻋﻜﺲ اﻟﺘﺪﻓﻖ اﻟﻨﻘﺪي‪،‬‬ ‫ﻷﻧﻪ ﻻ ﻳﺄﺧﺬ ﰲ اﻟﺤﺴﺒﺎن اﻟﺘﻜﺎﻟﻴﻒ اﳌﺮﺗﺒﻄﺔ ﺑﺨﺪﻣﺔ اﻟﺪﻳﻦ واﳌﴫوﻓﺎت‬ ‫اﻟﺮأﺳامﻟﻴﺔ ‪.‬‬ ‫اﻟﺘﺪﻓﻖ اﻟﻨﻘﺪي )ﻗﺒﻞ اﻟﴬﻳﺒﺔ ( = ﺻﺎﰲ اﻟﺪﺧﻞ اﻟﺘﺸﻐﻴﲇ ‪ -‬ﺧﺪﻣﺔ‬ ‫اﻟﺪﻳﻦ ‪ -‬اﳌﴫوﻓﺎت اﻟﺮأﺳامﻟﻴﺔ‬ ‫ﺗﻘﻴﻴﻢ اﻟﺘﻜﻠﻔﺔ اﻟﻔﻌﻠﻴﺔ ﻟﺨﺪﻣﺔ اﻟﺪﻳﻮن ﻋﲆ أﺳﺎس اﻹﻟﺘﺰام اﻟﻜﺎﻣﻞ‬ ‫اﻟﺬي ﺗﺤﺼﻞ ﻋﻠﻴﻪ ﻣﻦ اﳌﻤﻮل اﳌﻘﱰح‪ .‬وﺑﺎﳌﺜﻞ‪ ،‬ﰲ ﺣني أن ﺣﺴﺎب‬ ‫اﳌﴫوﻓﺎت اﻟﺮأﺳامﻟﻴﺔ‪ ،‬متﺜﻞ اﻟﺘﻜﺎﻟﻴﻒ اﻟﺘﻲ ﻣﻦ اﳌﺮﺟﺢ أن ﻳﺘﻢ ﺗﻜﺒﺪﻫﺎ‬ ‫ﻋﲆ ﻣﺪى اﻟﺴﻨﻮات اﻟﻘﻠﻴﻠﺔ اﳌﻘﺒﻠﺔ‪ ،‬ﻣﺜﻞ اﺳﺘﺒﺪال أﻏﻄﻴﺔ اﻷرﺿﻴﺎت‪،‬‬ ‫اﻟﻨﻮاﻓﺬ‪ HVAC،‬أو اﻷﺟﻬﺰة اﳌﻨﺰﻟﻴﺔ‪ .‬اﻟﻘﻴﺎم ﺑﺎﻟﺘﺤﺴﻴﻨﺎت اﻟﺮأﺳامﻟﻴﺔ‬ ‫أﻣﺮ ﺣﻴﻮي ﻟﻀامن إﺳﺘﻤﺮارﻳﺔ اﻟﻌﻘﺎرات ﰲ ﻛﺴﺐ اﻟﺪﺧﻞ‪ .‬ﻟﺬﻟﻚ‪ ،‬ﺗﻌﺪ‬ ‫دامئﺎ ﺧﻄﻮة ذﻛﻴﺔ ﻧﺤﻮ اﳌﻴﺰاﻧﻴﺔ واﻟﺘﻮﻓري ﻟﻬﺎ‪.‬‬ ‫‪25‬‬


‫‪-‬‬

‫ﺑﻴﻨام ﻳﻌﺪ اﺳﺘﺨﺪام اﻟﺒﻴﺎﻧﺎت اﳌﻘﺪﻣﺔ ﻣﻦ ﻗﺒﻞ اﻟﺒﺎﺋﻊ أو اﻟﻮﻛﻴﻞ أﻣﺮا ً‬ ‫ﺳﻬﻼً‪ ،‬إﻻ أﻧﻪ ﻣﻦ اﻷﻓﻀﻞ أن ﺗﺒﺪأ ﻣﻊ ورﻗﺔ ﺑﻴﻀﺎء واﻟﻌﻤﻞ ﻋﲆ ﻋﻤﻠﻴﺎﺗﻚ‬ ‫اﻟﺤﺴﺎﺑﻴﺔ اﻟﺨﺎﺻﺔ‪ .‬إﺑﺪأ ﺑﺘﺤﻠﻴﻞ ﻛﻞ ﻣﺴﺘﺄﺟﺮ ﺑﺸﻜﻞ ﻓﺮدي وﺗﺤﺪﻳﺪ‬ ‫ﻗﻮة اﳌﺴﺘﺄﺟﺮ ﻟﻴﺲ ﻓﻘﻂ ﻣﻦ ﺣﻴﺚ ﻣﺎ إذا ﻛﺎن ﻟﺪﻳﻪ اﻟﻘﺪرة اﳌﺎﻟﻴﺔ‬ ‫ﻟﺘﻠﺒﻴﺔ اﻹﻳﺠﺎرات ﺧﻼل ﻓﱰة اﻹﻳﺠﺎر‪ ،‬وﻟﻜﻦ أﻳﻀﺎ ﻓﻴام ﻳﺘﻌﻠﻖ ﺑﺎﻟﻘﺪرة‬ ‫ﻋﲆ زﻳﺎدة اﻟﺪﺧﻞ ﻣﻦ اﻟﻌﻘﺎر ﰲ اﻟﺴﻨﻮات اﻟﻘﺎدﻣﺔ‪ .‬ﺗﺤﺪث ﻣﻊ‬ ‫اﳌﺴﺘﺄﺟﺮﻳﻦ اﳌﺤﺘﻤﻠني وﺗﻌﺮف ﻋﲆ اﺣﺘﻴﺎﺟﺎﺗﻬﻢ‪ .‬ﻫﺬا اﻷﻣﺮ ﻗﺪ ﻳﻜﻮن‬ ‫ﻣﻔﻴﺪا ً‪ ،‬ﺧﺎﺻﺔ ﰲ اﻹﻳﺠﺎرات اﻟﺘﺠﺎرﻳﺔ‪ ،‬ﺣﻴﺚ أن اﳌﺴﺘﺄﺟﺮ اﻟﻘﻮي ﻣﺎﻟﻴﺎً‬ ‫اﻟﺬي ﻟﺪﻳﻪ ﺧﻄﻂ ﻣﺴﺘﻘﺒﻠﻴﺔ ﻟﻠﺘﻮﺳﻊ ميﻜﻦ أن ﺗﻌﺮض ﻋﻠﻴﻪ ﻣﺴﺎﺣﺔ‬ ‫إﺿﺎﻓﻴﺔ‪ ،‬واﻟﺘﻲ ﻳﺸﻐﻠﻬﺎ ﰲ اﻟﻮﻗﺖ اﻟﺤﺎﴐ ﻣﺴﺘﺄﺟﺮ ﻏري ﻣﻨﺘﻈﻢ ﰲ‬ ‫اﻟﺪﻓﻊ‪.‬‬ ‫ﺣﺴﺎﺑﺎت اﻟﺪﺧﻞ و إﺳﺘﻌﺮاﺿﻬﺎ ﻳﺠﺐ أن ﺗﺮﻛﺰ ﻋﲆ أﻛرث ﻣﻦ اﻹﻳﺠﺎرات‬ ‫ﻓﻘﻂ ‪ .‬ﻫﻨﺎك ﻓﺮق ﺑني إﺟامﱄ اﻹﻳﺮادات اﳌﺤﺘﻤﻠﺔ)‪ (GPI‬و إﺟامﱄ‬ ‫اﻟﺪﺧﻞ اﻟﻔﻌﺎل )‪ .(EGI‬ﰲ ﺣني أن اﻟﺴﺎﺑﻖ ﻫﻮ ﺗﻘﺪﻳﺮ اﻟﺤﺪ اﻷﻗﴡ‬ ‫ﻟﻺﻳﺠﺎر اﻟﺬي ميﻜﻦ ﺟﻤﻌﻪ إذا ﻛﺎﻧﺖ ﻧﺴﺒﺔ اﻹﺷﻐﺎل ﰲ اﻟﻌﻘﺎر ‪ 100‬ﰲ‬ ‫اﳌﺎﺋﺔ دون أي ﺗﻘﺼري ﰲ دﻓﻊ اﻹﻳﺠﺎر‪ ،‬وﻫﺬا اﻷﺧري ﻫﻮ ﺗﻘﺪﻳﺮ أﻛرث‬

‫‪www.valoran.ae‬‬

‫واﻗﻌﻴﺔ ﺑﺤﻴﺚ ﻳﺨﺼﻢ ﺧﺴﺎﺋﺮ اﻟﺪﺧﻞ ﻣﻦ اﻟﺸﻮاﻏﺮ‪ ،‬اﻟﺠﻨﻮح‪ ،‬اﻟﺘﻨﺎزﻻت‬ ‫وﺧﺴﺎﺋﺮ اﻟﺠﻤﻊ ‪ ،‬وﻳﻀﻴﻒ اﻟﺪﺧﻞ اﳌﺤﺘﻤﻞ ﻣﻦ ﻣﺼﺎدر ﺛﺎﻧﻮﻳﺔ ﻣﺜﻞ‬ ‫رﺳﻮم اﻟﺘﺄﺧﺮ ﰲ اﻟﺴﺪاد و اﻟﺸﻴﻜﺎت اﳌﺮﺗﺠﻌﺔ‪.‬‬

‫متﺎﻣﺎً ﻛام ﻫﻮ اﻟﺤﺎل ﻣﻊ اﻟﺪﺧﻞ‪ ،‬ﻣﻦ اﻷﻓﻀﻞ اﺗﺒﺎع ﻧﻬﺞ اﳌﻴﺰاﻧﻴﺔ‬ ‫اﻟﺼﻔﺮﻳﺔ ﻟﺘﺤﺪﻳﺪ ﻣﴫوﻓﺎت اﻟﺘﺸﻐﻴﻞ ﻟﻠﻌﻘﺎر ﺑﺪﻻً ﻣﻦ اﻻﻋﺘامد ﻓﻘﻂ‬ ‫ﻋﲆ ﺑﻴﺎﻧﺎت ﺗﺎرﻳﺨﻴﺔ‪ .‬ﻋﻤﻞ ﻗﺎمئﺔ ﻟﻜﻞ اﳌﴫوﻓﺎت اﻟﺘﻲ ﻣﻦ اﳌﺮﺟﺢ أن‬ ‫ﻳﺘﻢ ﺗﻜﺒﺪﻫﺎ وﻣﺮاﺟﻌﺔ ﻛﻞ ﻣﻨﻬﺎ ﳌﻌﺮﻓﺔ ﻣﺎ اذا ﻛﺎﻧﺖ واﻗﻌﻴﺔ و إذا ﻛﺎن‬ ‫ﻣﻦ اﳌﻤﻜﻦ ﺧﻔﻀﻬﺎ ﺑﺄي ﺷﻜﻞ ﻣﻦ اﻷﺷﻜﺎل‪ .‬ﻋﲆ ﻋﲆ ﺳﺒﻴﻞ اﳌﺜﺎل‪،‬‬ ‫ﻣﻘﺎول ﺻﻴﺎﻧﺔ اﻟﺤﺪﻳﻘﺔ أو ﺗﻨﻈﻴﻒ اﻟﺴﺠﺎد ﻗﺪ ﻳﻜﻮن ﻣﺴﺘﻌﺪا ً ﻟﺘﻘﺪﻳﻢ‬ ‫ﺳﻌﺮ أﻗﻞ إذا ﺿﻤﻦ اﻟﻌﻤﻞ ﻟﻔﱰة أﻃﻮل ﻣﻦ اﻟﻮﻗﺖ‪ .‬اﻟﺮﺳﻮم اﻹدارﻳﺔ‬ ‫)ﺣﺘﻰ ﻟﻮ ﻛﻨﺖ اﻹدارة اﻟﺬاﺗﻴﺔ ﻟﻠﻌﻘﺎر(‪ ،‬اﳌﺮاﻓﻖ )اﻟﻜﻬﺮﺑﺎء واﳌﻴﺎه و‬ ‫إدارة اﻟﻨﻔﺎﻳﺎت( ‪ ،‬واﻟﺘﺄﻣني و اﻟﺘﻜﺎﻟﻴﻒ اﳌﺘﻨﻮﻋﺔ اﻷﺧﺮى ) ﻣﺜﻞ ﺧﺪﻣﺎت‬ ‫اﻟﺘﻨﻈﻴﻒ‪ ،‬اﻟﺤﺠﺎﺑﺔ ‪ ،‬اﳌﻨﺎﻇﺮ اﻟﻄﺒﻴﻌﻴﺔ وﻣﻜﺎﻓﺤﺔ اﻵﻓﺎت( ﻳﺠﺐ‬ ‫ﺣﺴﺒﺎﻫﺎ ﺿﻤﻦ ﻣﴫوﻓﺎت اﻟﺘﺸﻐﻴﻞ‪ .‬إذا ﻛﺎن ﺗﺤﻤﻞ رﺳﻮم اﻟﺼﻴﺎﻧﺔ‬ ‫اﻟﺮﺋﻴﺴﻴﺔ ﻟﻠﻤﻨﻄﻘﺔ )‪ (CAM‬ﻳﺘﺤﻤﻠﻪ اﳌﺎﻟﻚ واﳌﺴﺘﺄﺟﺮ‪ ،‬ﺗﺄﻛﺪ ﻣﻦ أن‬


‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫ﻫﺬا اﻟﺪرس ﻳﻮﺿﺢ ﻟﻚ ﻛﻴﻔﻴﺔ ﺣﺴﺎب ﺻﺎﰲ اﻟﺪﺧﻞ اﻟﺘﺸﻐﻴﲇ ﻟﻠﻌﻘﺎر‬ ‫ﻣﻦ ﺧﻼل ﺗﺤﺪﻳﺪ اﻟﺪﺧﻞ و اﳌﴫوﻓﺎت اﻟﺘﺸﻐﻴﻠﻴﺔ‪ .‬وﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪،‬‬ ‫ﺳﻮف ﻧﺘﻌﺮف ﻋﲆ ﻛﻴﻔﻴﺔ ﺣﺴﺎب اﻟﺘﺪﻓﻖ اﻟﻨﻘﺪي اﻟﻔﻌﲇ اﻟﻨﺎﺗﺞ ﻣﻦ‬ ‫اﻟﻌﻘﺎر‪ .‬ﻫﺎﺗﺎن اﻟﻌﻤﻠﻴﺘﺎن اﻟﺤﺴﺎﺑﻴﺘﺎن‪ ،‬ﻣﻊ إﴍاك ﺑﻌﺾ اﻟﻌﻤﻠﻴﺎت‬ ‫اﻟﺤﺴﺎﺑﻴﺔ اﻷﺧﺮى‪ ،‬ﺗﻌﺪ أﻣﺮا ً ﴐورﻳﺎً ﺣﻴﺚ أﻧﻬﺎ ﻫﻲ اﻟﻠﺒﻨﺎت اﻷﺳﺎﺳﻴﺔ‬ ‫ﻟﻠﻨﻬﺞ اﳌﺸﱰك اﻟﺬي ﻳﺴﺘﺨﺪﻣﻪ اﳌﺜﻤﻨﻮن اﳌﺤﱰﻓﻮن ﻟﺘﺤﺪﻳﺪ ﻗﻴﻤﺔ‬ ‫اﻟﻌﻘﺎر‪.‬‬

‫‪ROI‬‬ ‫اﻟﻘﺼﺪ ﻣﻦ وراء ﴍاء اﻟﻌﻘﺎرات اﻹﺳﺘﺜامرﻳﺔ ﻫﻮ أن ﻳﻜﻮن ﻫﻨﺎك ﻣﺼﺪر‬ ‫ﻟﻠﺪﺧﻞ ﰲ اﳌﺴﺘﻘﺒﻞ‪ .‬ﺣﺴﺎب اﻟﻌﺎﺋﺪ ﻋﲆ اﻻﺳﺘﺜامر ﻳﺴﺎﻋﺪ ﰲ ﺗﺤﺪﻳﺪ‬ ‫إﻣﻜﺎﻧﻴﺎت اﻟﻌﻘﺎر ﻟﻜﺴﺐ ﻣﺼﺪر ﺛﺎﺑﺖ ﻟﻠﺪﺧﻞ ﰲ اﳌﺴﺘﻘﺒﻞ‪ .‬ﻳﺤﺪث‬ ‫ﻫﺬا ﻋﺎدة إذا ﻛﺎن اﻟﻌﻘﺎر ﻳﺤﺘﻮي ﻋﲆ ﻧﺴﺒﺔ إﺷﻐﺎل ﻋﺎﻟﻴﺔ و ﻧﻄﺎق‬ ‫ﻟﻨﻤﻮ اﻟﺪﺧﻞ‪ ،‬ﺑﻴﻨام ﰲ اﻟﻮﻗﺖ ﻧﻔﺴﻪ وﺟﻮد اﻟﺤﺪ اﻷدىن ﻣﻦ اﻟﻨﻔﻘﺎت‬ ‫وﻗﻠﺔ دورات اﳌﺴﺘﺄﺟﺮﻳﻦ ‪.‬‬ ‫ﺧﻼﻓﺎً ﻟﴩاء اﻟﻌﻘﺎرات ﻹﺳﺘﺨﺪاﻣﻚ اﻟﺨﺎص‪ ،‬ﻋﻨﺪ اﻟﺒﺤﺚ ﻋﻦ اﻻﺳﺘﺜامر‬ ‫اﻟﻌﻘﺎري ﻓﺈﻧﻪ ﻣﻦ اﻷﻓﻀﻞ اﻟﺤﻔﺎظ ﻋﲆ اﻟﻌﻮاﻃﻒ ﺧﺎرج اﳌﻌﺎدﻟﺔ‬ ‫واﻟﻘﻴﺎم ﺑﺘﻘﻴﻴﻢ اﻟﻌﻘﺎر ﺑﻌني ﻧﺎﻗﺪة‪ .‬ﺑﺪﻻ ﻣﻦ ﴍاء ﻋﻘﺎر ﻷﻧﻚ أﺣﺒﺒﺘﻪ‪،‬‬ ‫أﻧﻈﺮ إﱃ ﻛﻴﻔﻴﺔ اﻟﺘﻌﺎﻣﻞ ﻣﻊ ذﻟﻚ ﺣﺘﻰ ﺗﺰﻳﺪ ﻗﻴﻤﺔ اﻟﻌﻘﺎر مبﺮور اﻟﻮﻗﺖ‪.‬‬ ‫ﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬ﻗﻢ ﺑﺘﺤﺪﻳﺪ اﳌﺒﺎﻟﻎ اﻟﺘﻲ ﻗﺪ ﺗﻀﻄﺮ اﱃ اﻧﻔﺎﻗﻬﺎ ﻋﲆ‬ ‫ﺗﻜﺎﻟﻴﻒ اﻟﺼﻴﺎﻧﺔ واﻟﺘﺸﻐﻴﻞ‪ ،‬إذا ﻛﻨﺖ ﺑﺒﺴﺎﻃﺔ ﺗﺒﺤﺚ ﻋﻦ اﻟﺘﺪﻓﻖ‬ ‫اﻟﻨﻘﺪي واﻟﺘﻘﺪﻳﺮ‪ .‬ﻓﺈن اﻟﺘﻌﺮف ﻋﲆ اﻟﻘﻴﻤﺔ اﳌﺴﺘﻘﺒﻠﻴﺔ ﻟﻠﻌﻘﺎر ﻫﻮ أﻳﻀﺎ‬ ‫ﻋﻨﴫا أﺳﺎﺳﻴﺎ ﰲ ﻋﻤﻠﻴﺔ ﺻﻨﻊ اﻟﻘﺮار ‪.‬‬

‫‪NOI‬‬ ‫ﻳﺘﻢ ﺗﺤﺪﻳﺪ ‪ NOI‬ﻋﻦ ﻃﺮﻳﻖ ﻃﺮح ﻣﺼﺎرﻳﻒ اﻟﻌﻘﺎر ﻣﻦ اﻟﺪﺧﻞ‬ ‫اﻟﺘﺸﻐﻴﲇ‪ .‬ﻋﲆ اﻟﺮﻏﻢ ﻣﻦ ﻫﺬا ﻳﺒﺪو ﺑﺴﻴﻄﺎً‪ ،‬إﻻ أﻧﻪ اﺣﺪ اﻟﻌﻨﺎﴏ‬ ‫اﻟﺤﻴﻮﻳﺔ ﰲ ﺗﺤﺪﻳﺪ ﻣﺎ إذا ﻛﺎن ﻳﺠﺐ ﴍاء أو ﺑﻴﻊ أو اﻹﺣﺘﻔﺎظ ﺑﺎﻟﻌﻘﺎر‪.‬‬ ‫إﱃ ﺟﺎﻧﺐ ﺗﻘﺪﻳﺮ ‪ NOI‬اﻟﺤﺎﱄ اﻟﻔﻌﲇ‪ ،‬ﻓﺈﻧﻪ ﻣﻦ اﳌﺴﺘﺤﺴﻦ ﺣﺴﺎب‬ ‫‪ NOI‬اﳌﺴﺘﻘﺒﲇ اﳌﺘﻮﻗﻊ أﻳﻀﺎً ﻣﻦ أﺟﻞ اﻟﺤﺼﻮل ﻋﲆ ﺻﻮرة أﻛرث‬ ‫واﻗﻌﻴﺔ ﻣﻦ ﺷﺄﻧﻬﺎ أن ﺗﺴﺎﻋﺪ ﰲ اﺗﺨﺎذ اﻟﻘﺮار‪.‬‬ ‫ﺻﺎﰲ اﻟﺪﺧﻞ اﻟﺘﺸﻐﻴﲇ = اﻟﺪﺧﻞ ‪ -‬اﳌﺼﺎرﻳﻒ اﻟﺘﺸﻐﻴﻠﻴﺔ‬ ‫ﻣﻌﻈﻢ اﻟﺒﺎﺋﻌني ﻳﺒﻨﻮن ﺗﻘﺪﻳﺮاﺗﻬﻢ اﻟﺨﺎﺻﺔ ﻋﲆ ‪ NOI‬اﻟﺤﺎﱄ واﳌﺘﻮﻗﻊ‪.‬‬ ‫وﻣﻊ ذﻟﻚ‪ ،‬ﻋﻨﺪ إﻋﺘﺒﺎرك ﻣﺸﱰﻳﺎً‪ ،‬ﻣﻦ اﻷﻓﻀﻞ أن ﻧﺒﺪأ ﻣﻦ اﻟﺼﻔﺮ و‬ ‫اﻟﻘﻴﺎم ﺑﻌﻤﻠﻴﺎﺗﻚ اﻟﺤﺴﺎﺑﻴﺔ اﻟﺨﺎﺻﺔ ﺑﻚ‪ .‬اﻟﺒﺎﻋﺔ ﻏﺎﻟﺒﺎ ﻣﺎ ﻳﺠﻌﻠﻮن ‪NOI‬‬ ‫ﻳﺒﺪو أﻛرث ﺟﺎذﺑﻴﺔ ﻣام ﻫﻮ ﻋﻠﻴﻪ ﺑﺎﻟﻔﻌﻞ ﺑﺤﻴﺚ ﺗﺰﻳﺪ إﻣﻜﺎﻧﺎت اﻻﺳﺘﺜامر‬ ‫ﰲ ﻣﻤﺘﻠﻜﺎﺗﻬﻢ اﻟﻌﻘﺎرﻳﺔ‪ .‬وميﻜﻦ أن ﻳﺘﻢ ﻫﺬا ﻣﻦ ﺧﻼل ﺗﻀﺨﻴﻢ‬ ‫اﻹﻳﺠﺎرات أو ﺧﻔﺾ اﻟﻨﻔﻘﺎت‪ ،‬ﰲ ﺣني أﻧﻪ ﰲ اﻟﻮاﻗﻊ‪ ،‬ميﻜﻦ ﻟﻺﻳﺠﺎرات‬ ‫أﻻ ﺗﺮﺗﻔﻊ ﻛام ﻫﻮ ﻣﺘﻮﻗﻊ ﺧﻼل ﺗﺠﺪﻳﺪ ﻋﻘﺪ اﻹﻳﺠﺎر‪ .‬وﺑﺎﳌﺜﻞ‪ ،‬ﻣﻦ‬ ‫اﳌﺤﺘﻤﻞ أن ﺗﺰﻳﺪ اﻟﻨﻔﻘﺎت مبﺮور ﻓﱰة ﻣﻦ اﻟﺰﻣﻦ‪ .‬إذا ﻛﺎن ذﻟﻚ ﻣﻤﻜﻨﺎ‪،‬‬ ‫أﻃﻠﺐ ﻧﺴﺨﺔ ﻣﻦ اﻹﻗﺮار اﻟﴬﻳﺒﻲ ﻟﻠﺒﺎﺋﻊ ﻋﻦ اﻟﻌﺎم اﻟﺴﺎﺑﻖ ﺣﻴﺚ‬ ‫ﻳﺤﺘﻮي ﻫﺬا اﻹﻗﺮار ﻋﲆ اﻷرﻗﺎم اﻟﻔﻌﻠﻴﺔ ﻟﻺﻳﺮادات و اﳌﴫوﻓﺎت‪ ،‬ﺑﺪﻻ‬ ‫ﻣﻦ ﺗﻠﻚ اﻷرﻗﺎم اﻟﺨﻴﺎﻟﻴﺔ‪.‬‬

‫ﰲ اﻷﺳﺎس‪ ،‬ﻫﻨﺎك أرﺑﻌﺔ ﻋﻨﺎﴏ أﺧﺮى ﻟﻬﺎ أﻳﻀﺎ ﺗﺄﺛري ﻋﲆ ﻋﺎﺋﺪ ﺣﺴﺎﺑﺎت‬ ‫اﻻﺳﺘﺜامر‪ .‬وﻫﺬه ﺗﺸﻤﻞ ﺗﺪﻓﻖ ﺻﺎﰲ اﻟﻨﻘﺪ )اﳌﺎل اﻟﻨﺎﺗﺞ ﺑﻌﺪ ﺧﺼﻢ‬ ‫اﻟﺘﻜﺎﻟﻴﻒ و ﺧﺪﻣﺔ اﻟﺪﻳﻮن ﻣﻦ اﻟﺪﺧﻞ اﳌﻜﺘﺴﺐ ﻣﻦ ﻗﺒﻞ اﻟﻌﻘﺎر(‪،‬‬ ‫اﳌﺰاﻳﺎ اﻟﴬﻳﺒﻴﺔ ﻣﻦ اﻻﺳﺘﻬﻼك‪ ،‬ﺗﺮاﻛﻢ رأس اﳌﺎل ) ﻋﻨﺪﻣﺎ ﻳﺘﻢ دﻓﻊ‬ ‫اﻟﺪﻳﻮن اﳌﺴﺘﺨﺪﻣﺔ ﻟﴩاء اﻟﻌﻘﺎر( وﺗﻘﺪﻳﺮ ﻗﻴﻤﺔ اﻟﻌﻘﺎر‪.‬‬

‫‪23‬‬


‫‪-‬‬

‫ﰲ ﻋﺪد اﻟﺸﻬﺮ اﳌﺎﴈ‪ ،‬ﺗﺤﺪﺛﻨﺎ ﻋﻦ أﺳﺎﺳﻴﺎت ﺗﺜﻤني اﳌﻤﺘﻠﻜﺎت‪ ،‬وأﴍﻧﺎ اﱃ أﻧﻮاع ﻣﺨﺘﻠﻔﺔ ﻣﻦ اﳌﻌﻠﻮﻣﺎت‬ ‫اﻟﺘﻲ ميﻜﻦ ﺗﻘﻴﻴﻤﻬﺎ ﻗﺒﻞ اﺗﺨﺎذ ﻗﺮار ﻣﺎ إذا ﻛﺎﻧﺖ اﻟﻌﻘﺎرات ﻫﻲ اﻟﺨﻴﺎر اﻟﺠﺎذب ﻟﻼﺳﺘﺜامر‪ .‬مبﺎ أن اﻟﻬﺪف‬ ‫اﻟﺮﺋﻴﴘ ﻣﻦ اﻻﺳﺘﺜامر اﻟﻌﻘﺎري ﻫﻮ ﺗﻮﻟﻴﺪ اﻟﺪﺧﻞ ﻋﲆ اﳌﺪى اﻟﻄﻮﻳﻞ‪ ،‬وﺣﺴﺎب اﳌﻜﺎﺳﺐ اﳌﺤﺘﻤﻠﺔ ﻟﻬﺎ ﻻ‬ ‫ﻳﻘﻞ أﻫﻤﻴﺔ ﰲ ﻋﻤﻠﻴﺔ اﻟﺘﻘﻴﻴﻢ‪.‬‬

‫‪www.valoran.ae‬‬


Valoran Real Estate Brokers Your Lifestyle Broker

Property types

t 7JMMB t "QBSUNFOU

Properties by bed rooms

t 4UVEJP

t CFE t CFE

t CFE

t CFE t CFE

Vienna, Austria

21


‫‪-‬‬

‫اﺳﺘﻤﺮ اﻻﺗﺠﺎه اﻻﻳﺠﺎيب اﻟﻨﺎﺟﻢ ﻋﻦ ازدﻫﺎر اﳌﺴﺎﺣﺎت اﻟﺘﺠﺎرﻳﺔ ﰲ ﻋﺎم‬ ‫‪ 2010‬ﻣﻊ ﻃﻠﺐ ﻗﻮي ﻋﲆ اﳌﺴﺎﺣﺎت اﻟﺘﺠﺎرﻳﺔ ﰲ اﳌﻮاﻗﻊ اﻟﺮﺋﻴﺴﻴﺔ‬ ‫اﳌﺘﺒﻘﻴﺔ‪ .‬ﻣﻊ ﺗﻄﻮر اﳌﺴﺎﺣﺎت اﻟﺘﺠﺎرﻳﺔ اﻟﺮاﻗﻴﺔ ﰲ وﺳﻂ اﳌﺪﻳﻨﺔ‪،‬‬ ‫إﻛﺘﺴﺒﺖ اﻟﻨﻤﺴﺎ ﻣﻜﺎﻧﺎً ﺑني أﻓﻀﻞ ﻋﴩ وﺟﻬﺎت ﻟﻠﻤﺴﺎﺣﺎت اﻟﺘﺠﺎرﻳﺔ‬ ‫اﻟﺪوﻟﻴﺔ ﰲ ﻋﺎم ‪ .2013‬اﻟﺘﻮﺳﻌﺎت واﻟﺘﻄﻮرات اﻟﺠﺪﻳﺪة أدت إﱃ إﺿﺎﻓﺔ‬ ‫ﺣﻮاﱄ ‪ 120،000‬ﻣﱰ ﻣﺮﺑﻊ ﻣﻦ اﳌﺴﺎﺣﺎت اﻟﺘﺠﺎرﻳﺔ إﱃ اﳌﺨﺰون ﺧﻼل‬ ‫اﻟﻌﺎم اﳌﺎﴈ ‪.‬‬ ‫وﻣﻊ ذﻟﻚ‪ ،‬ﻓﺈن ارﺗﻔﺎع اﻻﻳﺠﺎرات ﰲ اﳌﻨﻄﻘﺔ اﻟﻮﺳﻄﻰ ميﻜﻦ أن ﻳﺘﺎح‬ ‫ﻓﻘﻂ ﻣﻦ ﻗﺒﻞ اﳌﺤﻼت اﻟﺘﺠﺎرﻳﺔ اﻟﺮاﻗﻴﺔ‪ .‬وﻗﺪ أدى ﻫﺬا اﻻﺗﺠﺎه‪ ،‬إﺿﺎﻓﺔ‬ ‫إﱃ ﻋﺪم ﺗﻮاﻓﺮ ﻣﺴﺎﺣﺔ ﰲ وﺳﻂ اﳌﺪﻳﻨﺔ إﱃ ﺟﻌﻞ اﳌﺤﻼت اﻟﺘﺠﺎرﻳﺔ‬ ‫ﺗﻠﺠﺄ إﱃ ﺗﻮﺳﻴﻊ وﺟﻮدﻫﺎ ﻣﻦ ﺧﻼل ﻣﺘﺎﺟﺮ ﰲ اﻷﺣﻴﺎء ‪ 6‬و ‪ 7‬أو ﰲ‬ ‫اﻷﻣﺎﻛﻦ اﻟﺮﺋﻴﺴﻴﺔ ﻣﻦ ﻣﺮاﻛﺰ اﻟﺘﺴﻮق ‪.‬‬ ‫وﻛﺎﻧﺖ أﻋﲆ اﻹﻳﺠﺎرات ﰲ ﺳﻮق اﳌﺴﺎﺣﺎت اﻟﺘﺠﺎرﻳﺔ ﰲ ﻓﻴﻴﻨﺎ ﰲ‬ ‫'ﻏﻮﻟﺪﻳﻨﺰ ﻛﺎرﺗﻴﻴﻪ'‪ ،‬ﰲ اﳌﺘﻮﺳﻂ ﺣﻮاﱄ ‪ 390‬ﻳﻮرو ﻟﻠﻤﱰ اﳌﺮﺑﻊ اﻟﻮاﺣﺪ‪،‬‬ ‫ووﺿﻊ اﻟﻨﻤﺴﺎ ﻣﻦ ﺑني أﻓﻀﻞ ﻋﴩة ﻣﻮاﻗﻊ ﻟﻠﻤﺤﻼت اﻟﺘﺠﺎرﻳﺔ اﻷﻏﲆ‬ ‫ﰲ اﻟﻌﺎمل )ﻋﲆ اﳌﺴﺎواة ﺗﻘﺮﻳﺒﺎ ﻣﻊ ﺷﺎرع ﺑﻮﻧﺪ ﰲ ﻟﻨﺪن‪ ،‬اﻟﺠﺎدة‬ ‫اﻟﺨﺎﻣﺴﺔ ﰲ ﻧﻴﻮﻳﻮرك و اﻹﻟﻴﺰﻳﻪ ﰲ ﺑﺎرﻳﺲ(‪.‬‬

‫وﻗﺪ اﻧﻌﻜﺲ ﻫﺬا اﻻﺗﺠﺎه اﻟﻌﺎﳌﻲ ﻧﺤﻮ زﻳﺎدة اﻻﺳﺘﺜامر ﰲ اﳌﺴﺎﺣﺎت‬ ‫اﻟﺘﺠﺎرﻳﺔ ﰲ اﻟﻨﻤﺴﺎ ﰲ ﻋﺎم ‪ 2012‬ﻣﻊ ﺣﻮاﱄ ‪ 40%‬ﻣﻦ إﺟامﱄ ﺣﺠﻢ‬ ‫اﳌﻌﺎﻣﻼت اﻟﻨﺎﺟﻤﺔ ﻋﻦ اﳌﺴﺎﺣﺎت اﻟﺘﺠﺎرﻳﺔ‪ .‬ﻣﻊ ارﺗﻔﺎع اﻟﻄﻠﺐ ﻋﲆ‬ ‫ﻣﺴﺎﺣﺎت ﰲ ﻣﻮاﻗﻊ رﺋﻴﺴﻴﺔ‪ ،‬وﺻﻠﺖ ﻋﺎﺋﺪات اﻟﺘﺄﺟري ﰲ ﻫﺬه اﳌﻨﺎﻃﻖ‬ ‫إﱃ أﻋﲆ ﻣﺴﺘﻮى ﻋﲆ اﻻﻃﻼق وﻫﻮ ‪ ، % 4‬ﻣام ﻳﺠﻌﻞ اﻻﺳﺘﺜامر ﰲ‬ ‫اﳌﺤﺎل اﻟﺘﺠﺎرﻳﺔ ﰲ اﳌﺪﻳﻨﺔ ﺧﻴﺎرا ً ﺟﺬاﺑﺎً ‪.‬‬

‫ﻣﻊ ارﺗﻔﺎع اﻟﻄﻠﺐ ﻋﲆ اﳌﺴﺎﺣﺎت اﻟﺴﻜﻨﻴﺔ واﻟﺘﺠﺎرﻳﺔ ﰲ اﻟﻨﻤﺴﺎ‪ ،‬ﻣﻦ‬ ‫اﳌﺘﻮﻗﻊ أن ﻳﺘﻐﻠﺐ ﺳﻮق اﻟﻌﻘﺎرات ﻋﲆ اﻟﱰاﺟﻊ اﻟﻄﻔﻴﻒ اﻟﺬي ﺣﺪث‬ ‫ﰲ اﻟﺮﺑﻊ اﻟﺮاﺑﻊ ﻣﻦ ﻋﺎم ‪ 2012‬وأن ﻳﺤﺎﻓﻆ ﻋﲆ ﻣﺴﺎر اﻟﻨﻤﻮ‪ .‬ﻳﻌﺪ‬ ‫اﻹﻗﺘﺼﺎد اﻟﻨﻤﺴﺎوي ﻗﻮﻳﺎً ﺑﺎﳌﻘﺎرﻧﺔ ﻣﻊ اﻟﺒﻠﺪان اﻷﺧﺮى ﰲ أوروﺑﺎ اﻟﺘﻲ‬ ‫ﺗﴬرت ﻣﻦ اﻟﱰاﺟﻊ اﻻﻗﺘﺼﺎدي‪ .‬وﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬ﻣﻊ زﻳﺎدة اﻟﻨﻤﻮ‬ ‫ﰲ ﻗﻄﺎع اﻟﺴﻴﺎﺣﺔ واﻷﻧﺸﻄﺔ اﻟﺘﺠﺎرﻳﺔ ﻋﲆ ﻣﺪى اﻟﺴﻨﻮات اﻟﻘﻠﻴﻠﺔ‬ ‫اﳌﺎﺿﻴﺔ‪ ،‬ﺗﻌﺪ اﻟﺒﻼد ﺧﻴﺎرا ﺟﺬاﺑﺎ ﻟﻠﻤﺴﺘﺜﻤﺮﻳﻦ اﻟﺬﻳﻦ ﻳﺘﻄﻠﻌﻮن إﱃ ﴍاء‬ ‫اﻟﻌﻘﺎرات ﰲ أوروﺑﺎ‪ .‬ﺗﻮاﺻﻞ ﻓﻴﻴﻨﺎ ﻛﻮﻧﻬﺎ ﻣﺤﻞ اﻟﱰﻛﻴﺰ اﻟﺮﺋﻴﴘ ﻟﻼﺳﺘﺜامر‬ ‫اﻟﻌﻘﺎري اﻟﺴﻜﻨﻲ واﻟﺘﺠﺎري‪.‬‬

‫‪Vacancy Rates‬‬ ‫‪Budapest‬‬ ‫‪Bucharest‬‬ ‫‪Amesterdam‬‬ ‫‪Frankfurt‬‬ ‫‪Moscow‬‬

‫‪23.0‬‬ ‫‪16.0‬‬ ‫‪15.6‬‬ ‫‪13.9‬‬ ‫‪13.5‬‬

‫‪Madrid‬‬

‫‪12.2‬‬

‫‪Brastislava‬‬

‫‪12.0‬‬

‫‪Prague‬‬

‫‪12.0‬‬

‫‪Milan‬‬ ‫‪Warsaw‬‬ ‫‪Paris‬‬

‫‪10.9‬‬ ‫‪8.5‬‬ ‫‪7.1‬‬

‫‪Vienna‬‬

‫‪7.0‬‬

‫‪Munich‬‬

‫‪6.8‬‬

‫‪Berlin‬‬ ‫)‪London (West End‬‬

‫‪.‬‬

‫‪5.3‬‬ ‫‪4.2‬‬

‫‪Source: Market Research | Spring 2013‬‬

‫‪www.valoran.ae‬‬


Valoran Real Estate Brokers Your Lifestyle Broker

Last Updated: Aug 25, 2012 Cost(â‚Ź)

Vienna - Inner stadt apartments

To Buy

Monthly Rent

100 sq. m.

824,100

1,895

200 sq. m.

2,588,800

50 sq. m.

YIELD (p.a.)

Price/Sq.m. (â‚Ź) To Buy

Monthly Rent

2.76%

8,241

18.95

4,162

1.93%

12,944

20.81

205,250

729

4.26%

4,105

14.57

85 sq. m.

362,950

1,204

3.98%

4,270

14.16

120 sq. m.

548.040

1,741

3.81%

4,567

14.51

175 sq. m.

841,400

7.485

3.53%

4,808

14.20

350 sq. m.

1,845,900

5,065

3.29%

5,274

14.47

60 sq. m.

219,420

836

4.57%

3,657

13.94

120 sq. m.

538,080

1,566

3.49%

4,484

13.05

225 sq. m.

1,439,775

2,970

2.48%

6,399

13.20

40 sq. m.

92,320

488

6.34%

2,308

12.19

76 sq. m.

158,775

812

6.13%

2,117

10.82

120 sq. m.

311,880

1,261

4.85%

2,599

10.51

Vienna - other areas apartment

Salburg - Apartments

Graz - Apartments

Vienna: Inner Stadt, Wahring, Dobling, Margarten, Jesefstadi, Heilzing, Mariahilf Salzburg: Salzburg (Stadt) Graz: Graz (Stadt) Source: Global Property Guide

House Price Change, Annual (%) 20 15 10 5 0 -5 -10

+VMZ %VCBJ USD 3,175/SQM

‘00

‘02

‘04

‘06

‘08

‘10

t /PNJOBM t 3FBM 4PVSDF 0FTUFSSFJDIJTDIF "TUSJB /BUJPOBMCBOL

19

‘12

.

7


‫‪-‬‬

‫اﻟﺜﺎﻟﺚ ﻣﻦ ﻋﺎم ‪ ،2012‬إرﺗﻔﻊ ﻋﺪد اﳌﺴﺎﻛﻦ اﳌﴫح ﺑﻬﺎ ﰲ اﳌﺒﺎين‬ ‫اﻟﺠﺪﻳﺪة ﺑﻨﺴﺒﺔ ‪ – 9،689‬وﺑﻠﻐﺖ ﻣﺴﺎﺣﺔ اﻟﻄﺎﺑﻖ اﻹﺟامﻟﻴﺔ ﺣﻮاﱄ‬ ‫‪ 2.9‬ﻣﻠﻴﻮن ﻣﱰ ﻣﺮﺑﻊ‪ .‬وﻣﻊ ذﻟﻚ‪ ،‬ﻓﺈن اﻟﺰﻳﺎدة ﰲ اﻟﻌﺮض ﻻ ﺗﻮاﻛﺐ‬ ‫اﻟﻄﻠﺐ اﳌﺘﺰاﻳﺪ‪ .‬وﻧﺘﻴﺠﺔ ﻟﺬﻟﻚ‪ ،‬ﻳﺘﻮﻗﻊ أن ﻳﻈﻞ اﻟﻄﻠﺐ ﻋﲆ اﻟﻌﻘﺎرات‬ ‫اﻟﺴﻜﻨﻴﺔ ﻗﻮﻳﺎً ﰲ ﻋﺎم ‪ ، 2013‬وﻣﻦ اﳌﺘﻮﻗﻊ أﻳﻀﺎً أن ﺗﻈﻞ أﺳﻌﺎر‬ ‫اﻟﻌﻘﺎرات ﻣﺮﺗﻔﻌﺔ ﻋﲆ ﻣﺪى اﻟﺴﻨﻮات اﻟﻘﻠﻴﻠﺔ اﻟﻘﺎدﻣﺔ‪.‬‬ ‫وﻓﻘﺎ ﻟﺘﻘﺮﻳﺮ ‪ BUWOG-EHL‬ﻋﲆ ﺳﻮق اﻟﻌﻘﺎرات اﻟﺴﻜﻨﻴﺔ ﰲ ﻓﻴﻴﻨﺎ‪،‬‬ ‫ﻓﺈن أﻋﲆ ﻣﻌﺪل منﻮ ﺳﻮف ﻳﺘﺤﻘﻖ ﰲ اﻟﻘﻄﺎع ذات اﻟﺴﻌﺮ اﳌﺘﻮﺳﻂ‪،‬‬ ‫ﺣﻴﺚ ﺗﱰاوح اﻷﺳﻌﺎر اﻟﺤﺎﻟﻴﺔ ﺑني ‪ 3,000-5,000‬ﻳﻮرو‪ .‬وﻣﻦ اﳌﺘﻮﻗﻊ أن‬ ‫ﺗﻈﻞ اﻷﺳﻌﺎر ﻣﺴﺘﻘﺮة ﰲ اﻟﻘﻄﺎع ذات اﻟﺴﻌﺮ اﳌﺮﺗﻔﻊ ‪ ،‬ﺣﻴﺚ ﺑﻠﻐﺖ‬ ‫اﻷﺳﻌﺎر ذروﺗﻬﺎ ﻋﻨﺪ ﺣﻮاﱄ ‪ 25,000-50,000‬ﻳﻮرو ‪.‬‬ ‫ﻣﻦ ﺣﻴﺚ اﻻﻳﺠﺎرات‪ ،‬ﻗﻠﺐ ﻣﺪﻳﻨﺔ ﻓﻴﻴﻨﺎ ﻟﺪﻳﻪ أﻏﲆ اﻟﻌﻘﺎرات‪ ،‬و ﻋﲆ‬ ‫اﻟﺮﻏﻢ ﻣﻦ أﻧﻬﺎ ﺗﺠﻠﺐ إﻳﺠﺎرات ﻣﺮﺗﻔﻌﺔ‪ ،‬إﻻ أن اﻟﻌﺎﺋﺪ أﻗﻞ ﻣﻦ اﳌﻨﺎﻃﻖ‬ ‫اﻷﺧﺮى ﰲ اﳌﺘﻮﺳﻂ ﺣﻮاﱄ ‪ 2.34‬ﰲ اﳌﺎﺋﺔ‪ .‬ﻷن اﳌﻨﺎﻃﻖ اﻟﺨﺎرﺟﻴﺔ ﻣﻦ‬ ‫اﳌﺪﻳﻨﺔ ﺗﺰﻳﺪ ﻓﻴﻬﺎ ﻋﺎﺋﺪات ﺗﺄﺟري اﻟﺸﻘﻖ اﻟﺼﻐرية ﻋﻦ ﻋﺎﺋﺪات ﺗﺄﺟري‬ ‫اﻟﺸﻘﻖ اﻟﻜﺒرية‪ .‬اﻹﻳﺠﺎرات ﰲ ﺳﺎﻟﺰﺑﻮرغ ﺗﻜﺎد ﺗﻜﻮن ﻣﺘﺸﺎﺑﻬﺔ ﻣﻊ ﻓﻴﻴﻨﺎ‪،‬‬ ‫واﻟﻌﺎﺋﺪات ﻛﺬﻟﻚ ﰲ ﻧﻔﺲ اﻟﻨﻄﺎق‪ .‬ﻏﺮاﺗﺲ‪ ،‬وﻫﻲ ﺛﺎين أﻛﱪ ﻣﺪﻳﻨﺔ ﰲ‬ ‫اﻟﻨﻤﺴﺎ‪ ،‬ﻟﺪﻳﻬﺎ أﻋﲆ ﻋﺎﺋﺪات ﺗﺄﺟري ) ‪ 4.85‬ﰲ اﳌﺎﺋﺔ إﱃ ‪ 6.35‬ﰲ اﳌﺎﺋﺔ‬ ‫(‪ ،‬ﻋﻨﺪﻣﺎ ﺗﻜﻮن أﺳﻌﺎر اﻟﻌﻘﺎرات ﻋﻨﺪ ﻣﺴﺘﻮﻳﺎت ﻣﻌﻘﻮﻟﺔ )‪2,000-‬‬ ‫‪ 3,000‬ﻳﻮرو(‪.‬‬

‫‪Salzburg, Austria‬‬

‫‪www.valoran.ae‬‬

‫ﻇﻞ اﻟﻄﻠﺐ ﻋﲆ اﻟﻌﻘﺎرات اﳌﻜﺘﺒﻴﺔ ﻣﺴﺘﻘﺮا ً ﰲ ﻋﺎم ‪ 2012‬ﻣﻘﺎرﻧﺔ‬ ‫ﺑﺎﻟﻌﺎم اﻟﺴﺎﺑﻖ‪ .‬وﻣﻊ ذﻟﻚ‪ ،‬ﻛﺎن ﻫﻨﺎك اﻧﺨﻔﺎض ﻣﻠﺤﻮظ ﰲ اﻟﻄﻠﺐ ﻋﲆ‬ ‫ﻣﺴﺎﺣﺎت اﳌﻜﺎﺗﺐ ﺿﻌﻴﻔﺔ اﻟﺒﻨﻰ اﻟﺘﺤﺘﻴﺔ‪ .‬وﻛﺎن ﻣﻦ اﳌﺘﻮﻗﻊ أن ﻳﺘﻢ‬ ‫اﻹﻧﺘﻬﺎء ﻣﻦ اﻟﻌﺪﻳﺪ ﻣﻦ اﳌﺸﺎرﻳﻊ اﻟﻜﱪى ﰲ وﺳﻂ اﳌﺪﻳﻨﺔ ﰲ ﻋﺎم‬ ‫‪ .2012‬وﻛﺎن ﻣﻦ اﳌﺘﻮﻗﻊ أن ﺗﻀﺎف ﺣﻮاﱄ ‪ 200،000‬ﻣﱰ ﻣﺮﺑﻊ ﻣﻦ‬ ‫اﳌﺴﺎﺣﺎت اﻟﺠﺪﻳﺪة‪ ،‬واﻟﺘﻲ ﻫﻲ أﻛرث ﻗﻠﻴﻼ ﻣﻦ اﳌﺴﺎﺣﺔ اﻹﺿﺎﻓﻴﺔ اﻟﺘﻲ‬ ‫أﺿﻴﻔﺖ ﰲ ﻋﺎم ‪ 2011‬و ‪ 180،000 ) 2010‬ﻣﱰ ﻣﺮﺑﻊ ﺳﻨﻮﻳﺎً(‪ .‬وﻣﻊ‬ ‫ذﻟﻚ‪ ،‬وﻓﻘﺎً ﻟﺘﻘﺮﻳﺮ ‪ EHL‬ﻟﻠﺴﻮق اﳌﻜﺘﺒﻴﺔ‪ ،‬ﻛﺎن ﻣﻦ اﳌﺘﻮﻗﻊ أن ﺗﻈﻞ‬ ‫أﺳﻌﺎر اﻹﻳﺠﺎرات ﻣﺴﺘﻘﺮة ﻧﺴﺒﻴﺎً ﻣﻊ إﻗﱰاب ﻧﺴﺒﺔ اﻟﻌﺮض واﻟﻄﻠﺐ‬ ‫ﺑﺸﻜﻞ ﻣﻨﺎﺳﺐ‪ .‬ﻇﻞ ﻣﺘﻮﺳﻂ اﻻﻳﺠﺎرات ﻋﻨﺪ ﻗﻴﻤﺔ ‪ 14.5‬ﻳﻮرو ﻟﻜﻞ ﻣﱰ‬ ‫ﻣﺮﺑﻊ ﺗﻘﺮﻳﺒﺎً‪.‬‬ ‫ﻋﲆ ﻃﻮل ﻣﺤﺎور اﻟﺘﻨﻤﻴﺔ اﳌﻜﺘﺒﻴﺔ‪ ،‬ﻫﻨﺎك اﺗﺠﺎه ﻧﺤﻮ اﺳﺘﺜامر اﳌﻼك ﰲ‬ ‫اﻟﺒﻨﻲ اﻟﺘﺤﺘﻴﺔ اﳌﻮﻓﺮة ﻟﻠﻄﺎﻗﺔ‪ ،‬واﻟﺘﻲ ﺗﺤﻘﻖ اﻳﺠﺎرات أﻋﲆ ﻗﻠﻴﻼ‪.‬‬ ‫اﳌﺴﺘﺄﺟﺮون ﻋﲆ اﺳﺘﻌﺪاد ﻟﺪﻓﻊ اﻟﻘﻴﻤﺔ اﻟﺰاﺋﺪة ﻷن ذﻟﻚ ﻳﺴﺎﻋﺪ ﻋﲆ‬ ‫ﺧﻔﺾ ﺗﻜﺎﻟﻴﻒ اﻟﺘﺸﻐﻴﻞ ﻋﲆ اﳌﺪى اﻟﻄﻮﻳﻞ ‪.‬‬ ‫اﳌﺼﺪر‪ :‬ﻛﻮﻟريز‬


‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫ﻣﻨﺘﺠﻌﺎت اﻟﺘﺰﻟﺞ ﻋﲆ اﻟﺠﻠﻴﺪ‪ .‬ﺑﻴﻨام ﻛﺎن ﻳﺸﻜﻞ اﻷﳌﺎن أﻛﱪ ﺣﺼﺔ ﻣﻦ‬ ‫اﳌﺸﱰﻳﻦ‪ ،‬ﻳﻠﻴﻬﻢ اﻟﱪﻳﻄﺎﻧﻴﻮن‪ ،‬إﻻ أﻧﻪ ﻗﺪ ﺗﻐري اﻟﻮﺿﻊ اﻵن ﻟﻴﺤﺘﻞ‬ ‫ﻣﻜﺎﻧﻬﻢ اﻟﺮوس وﻣﻮاﻃﻨﻲ أوروﺑﺎ اﻟﴩﻗﻴﺔ‪.‬‬

‫ﺑﺸﻜﻞ ﻋﺎم‪ ،‬ﺳﺠﻠﺖ أﻋﲆ أﺳﻌﺎر اﳌﻌﺎﻣﻼت ﰲ اﻷﺣﻴﺎء ‪ 1‬و ‪ 18‬و ‪،10‬‬ ‫وﻟﻜﻦ اﻷﺳﻌﺎر ﺗﺨﺘﻠﻒ ﺑﻨﺤﻮ ‪ % 50‬ﰲ ﻣﻨﺎﻃﻖ وﺷﻮارع ﻣﺨﺘﻠﻔﺔ ﰲ‬ ‫ﻫﺬه اﻷﺣﻴﺎء‪ .‬ﺟﺰء ﻣﻦ اﻟﺴﺒﺐ وراء ارﺗﻔﺎع اﻷﺳﻌﺎر ﻫﻮ ﺻﻌﻮﺑﺔ اﻟﺒﻨﺎء‬ ‫ﰲ وﺳﻂ اﳌﺪﻳﻨﺔ‪ ،‬واﻟﺬي ﻳﺤﺎﻓﻆ ﻋﲆ رﺧﺺ اﻹﻣﺪادات‪ .‬ﰲ اﻟﺮﺑﻊ‬ ‫‪Knight Frank Global House Price Index‬‬

‫اﺳﺘﻤﺮ ﺻﻤﻮد ﺳﻮق اﻟﻌﻘﺎرات اﻟﺴﻜﻨﻴﺔ ﰲ اﻟﻨﻤﺴﺎ ﺑﻌﺪ ﺗﺴﻊ ﺳﻨﻮات‬ ‫ﻣﺘﺘﺎﻟﻴﺔ ﻣﻦ ارﺗﻔﺎع اﻷﺳﻌﺎر‪ .‬ﻋﲆ اﻟﺮﻏﻢ ﻣﻦ أن أﺳﻌﺎر اﻟﺒﻴﻊ ﺗﺮاﺟﻌﺖ‬ ‫ﺑﺸﻜﻞ ﻃﻔﻴﻒ )‪ 0.65‬ﰲ اﳌﺎﺋﺔ( ﰲ اﻟﺮﺑﻊ اﻟﺮاﺑﻊ ﻣﻦ ﻋﺎم ‪، 2012‬‬ ‫ارﺗﻔﻌﺖ اﻷﺳﻌﺎر ﰲ ﻣﺪن أﺧﺮى ﻏري ﻓﻴﻴﻨﺎ مبﻌﺪل ‪ 8.46‬ﰲ اﳌﺎﺋﺔ ﺧﻼل‬ ‫ﻋﺎم ‪ 2012‬ﻣﻘﺎرﻧﺔ ﺑﺎﻟﻌﺎم اﻟﺴﺎﺑﻖ‪ .‬وﻓﻘﺎ ﻟﺘﻘﺮﻳﺮ ﻛﻮﻟريز ﻟﺴﻮق اﻟﻨﻤﺴﺎ‬ ‫ﻋﺎم ‪ ،2012‬ﻻ ﻳﺰال اﻟﻄﻠﺐ ﻣﺮﺗﻔﻌﺎً ﻋﲆ اﻟﻌﻘﺎرات ﰲ ﻓﻴﻴﻨﺎ‪ .‬ﺣﻴﺚ‬ ‫ﺗﺤﻈﻰ اﳌﺪﻳﻨﺔ ﺑﺸﻌﺒﻴﺔ اﻟﻌﻘﺎرات اﻟﺴﻜﻨﻴﺔ اﻟﺮاﻗﻴﺔ‪ ،‬و ﻋﲆ اﻟﺮﻏﻢ ﻣﻦ‬ ‫أن اﻷﺳﻌﺎر ﻗﺪ ﺗﻀﺎﻋﻔﺖ ﺧﻼل اﻟﺴﻨﻮات اﻟﻌﴩ اﳌﺎﺿﻴﺔ‪ .‬وذﻟﻚ ﻷن‬ ‫اﻷﺳﻌﺎر ﻻ ﺗﺰال أﻗﻞ ﻧﺴﺒﻴﺎ ﻣﻦ اﳌﺪن اﻟﻌﺎﳌﻴﺔ اﻷﺧﺮى ﻣﺜﻞ ﻧﻴﻮﻳﻮرك‪.‬‬ ‫ﺗﺤﺘﻞ ﻓﻴﻴﻨﺎ رأس اﻟﻘﺎمئﺔ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻤﺸﱰﻳﻦ اﻟﺬﻳﻦ ﻳﺒﺤﺜﻮن ﻋﻦ ﴍاء‬ ‫ﻣﺴﻜﻦ ﺛﺎن ﻟﻬﻢ‪ ،‬ﻛام أﻧﻬﺎ ﺗﻮﻓﺮ اﻟﺴﻼﻣﺔ و ﻧﻮﻋﻴﺔ ﺟﻴﺪة ﻣﻦ اﻟﺤﻴﺎة ‪.‬‬

‫‪6-month‬‬ ‫‪%change‬‬ ‫)‪(Q4 2012-Q2 2013‬‬

‫‪12-month‬‬ ‫‪% change‬‬ ‫)‪(Q2 2012-Q2 2013‬‬

‫‪Country‬‬

‫‪Rank‬‬

‫‪14.7%‬‬

‫‪21.7%‬‬

‫‪Dubai, UAE‬‬

‫‪1‬‬

‫‪6.7%‬‬

‫‪19.1%‬‬

‫‪Hong Kong‬‬

‫‪2‬‬

‫‪11.9%‬‬

‫‪15.4%‬‬

‫‪Taiwan‬‬

‫‪3‬‬

‫‪10.7%‬‬

‫‪14.8%‬‬

‫‪China‬‬

‫‪4‬‬

‫‪7.2%‬‬

‫‪12.7%‬‬

‫‪Columbia‬‬

‫‪5‬‬

‫‪5.9%‬‬

‫‪12.2%‬‬

‫‪Turkey‬‬

‫‪6‬‬

‫‪7.1%‬‬

‫‪12.1%‬‬

‫‪Indonesia‬‬

‫‪7‬‬

‫‪8.7%‬‬

‫‪11.9%‬‬

‫‪Estonia‬‬

‫‪8‬‬

‫‪5.8%‬‬

‫‪11.9%‬‬

‫‪Brazil‬‬

‫‪9‬‬

‫‪4.0%‬‬

‫‪10.9%‬‬

‫‪Ukraine‬‬

‫‪10‬‬

‫‪4.3%‬‬

‫‪10.8%‬‬

‫‪South Africa‬‬

‫‪11‬‬

‫‪8.3%‬‬

‫‪10.2%‬‬

‫‪United States‬‬

‫‪12‬‬

‫‪0.4‬‬

‫‪8.5%‬‬

‫‪Austria‬‬

‫‪13‬‬

‫‪4.6%‬‬

‫‪8.4%‬‬

‫‪New Zealand‬‬

‫‪14‬‬

‫‪2.4%‬‬

‫‪6.4%‬‬

‫‪Russia‬‬

‫‪15‬‬

‫‪Vienna, Austria‬‬

‫‪17‬‬


‫‪-‬‬

‫ﺗﺤﺘﻞ اﻟﻨﻤﺴﺎ اﳌﺮﺗﺒﺔ اﻟﺜﺎﻟﺜﺔ ﻋﴩ ﺑني أﺳﻮاق اﻟﻌﻘﺎرات اﻷﻛرث ﺳﺨﻮﻧﺔ‬ ‫ﰲ اﻟﻌﺎمل‪ ،‬وﻓﻘﺎً ﳌﺆﴍ أﺳﻌﺎر اﳌﻨﺎزل اﻟﻌﺎﳌﻲ ﻧﺎﻳﺖ ﻓﺮاﻧﻚ ﰲ اﻟﺮﺑﻊ اﻟﺜﺎين‬ ‫ﻣﻦ ﻋﺎم ‪ ،2013‬ﻗﺪ ﺳﺠﻞ منﻮا ً ﰲ اﻟﺴﻌﺮ اﻟﺴﻨﻮي ﻗﻴﻤﺘﻪ ‪ % 8.5‬ﺧﻼل‬ ‫اﻟﺮﺑﻊ اﻟﺜﺎين ﻣﻦ ﻋﺎم ‪ .2012‬ﻛام إرﺗﻔﻌﺖ أﺳﻌﺎر اﻟﺸﻘﻖ اﻟﺴﻜﻨﻴﺔ ﺧﻼل‬ ‫اﻟﺴﻨﻮات اﻟﺘﺴﻊ اﳌﺎﺿﻴﺔ‪ .‬اﻟﻌﺎﺻﻤﺔ‪ ،‬ﻓﻴﻴﻨﺎ‪ ،‬ﺷﻬﺪت أﻓﻀﻞ ﻣﻮﺟﺔ ازدﻫﺎر‬ ‫اﻹﺳﻜﺎن ﺑني ﻋﺎﻣﻲ ‪ ، 2003-2012‬ﺑﻴﻨام ﻛﺎﻧﺖ اﻟﺘﻐريات ﰲ اﻷﺳﻌﺎر‬ ‫ﺗﺘﻤﻴﺰ ﺑﻌﺪم اﻻﻧﺘﻈﺎم ﰲ ﺑﻘﻴﺔ اﻟﺒﻠﺪان ‪.‬‬ ‫ﻋﲆ اﻟﺮﻏﻢ ﻣﻦ أن اﻟﻘﻄﺎع اﻟﻌﻘﺎري ﰲ اﻟﺒﻼد ﻟﺪﻳﻪ اﻟﻌﺪﻳﺪ ﻣﻦ اﳌﺰاﻳﺎ‬ ‫اﻟﺘﻲ ﺗﻌﻤﻞ ﻟﺼﺎﻟﺤﻪ‪ ،‬مبﺎ ﰲ ذﻟﻚ ﺣﻜﻮﻣﺔ ﻣﺴﺘﻘﺮة و اﻗﺘﺼﺎد ﻗﻮي‬ ‫ﺑﺎﳌﻘﺎرﻧﺔ ﻣﻊ ﺑﻠﺪان أﺧﺮى ﰲ ﻣﻨﻄﻘﺔ اﻟﻴﻮرو‪ ،‬ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻤﺴﺘﺜﻤﺮﻳﻦ ﻓﺈن‬

‫اﻟﺴﻮق ﻟﺪﻳﻪ أﻳﻀﺎ ﺑﻌﺾ اﻟﻌﻴﻮب ﻣﺜﻞ ارﺗﻔﺎع ﺗﻜﺎﻟﻴﻒ اﻟﴩاء‪ ،‬إﻧﺨﻔﺎض‬ ‫ﻋﺎﺋﺪات اﻟﺘﺄﺟري ﻧﻈﺮا ً ﻟﻠﻘﻮاﻧني اﳌﺆﻳﺪة ﻟﻠﻤﺴﺘﺄﺟﺮ‪ ،‬ارﺗﻔﺎع ﻣﻌﺪل‬ ‫اﻟﴬﻳﺒﺔ ﻋﲆ دﺧﻞ اﻹﻳﺠﺎر واﳌﻌﺪل اﻟﻌﻘﺎيب ﻟﴬﻳﺒﺔ أرﺑﺎح رأس اﳌﺎل‪.‬‬ ‫ﺗﺒﻠﻎ ﺗﻜﻠﻔﺔ إﻧﻬﺎء اﳌﻌﺎﻣﻼت إﱃ ﻣﺎ ﻳﻘﺮب ﻣﻦ ‪ 10‬ﰲ اﳌﺎﺋﺔ ﻣﻦ ﺳﻌﺮ‬ ‫اﻟﺒﻴﻊ‪ ،‬واﻟﺘﻲ ﺗﻐﻄﻲ ﴐﻳﺒﺔ ﻧﻘﻞ‪ ،‬رﺳﻮم ﺗﺴﺠﻴﻞ اﻷراﴈ‪ ،‬رﺳﻮم‬ ‫اﻟﺴﻤﺴﺎر و ﻛﺎﺗﺐ اﻟﻌﺪل ‪.‬‬ ‫اﻟﺮﻋﺎﻳﺎ اﻷﺟﺎﻧﺐ ﻳﺘﻄﻠﺐ ﺣﺼﻮﻟﻬﻢ ﻋﲆ إذن ﻣﺴﺒﻖ ﻟﴩاء ﻣﻤﺘﻠﻜﺎت‬ ‫ﻋﻘﺎرﻳﺔ ﰲ اﻷراﴈ اﻟﻔﻴﺪراﻟﻴﺔ‪ ،‬وﰲ ﻣﻌﻈﻢ اﻟﺤﺎﻻت ﻳﺘﻢ ﻣﻨﺢ اﻹذن ﻣﻦ‬ ‫ﻗﺒﻞ اﻟﺴﻠﻄﺎت اﻟﺤﻜﻮﻣﻴﺔ ﻓﻘﻂ ﺑﻌﺪ إﺟﺮاء ﺗﻘﻴﻴﻢ دﻗﻴﻖ ﻷﻓﻀﻞ ﻓﺎﺋﺪة‬ ‫ﻋﲆ ﻗﻄﻌﺔ اﻷرض‪ .‬وﺗﻘﻞ اﻟﻘﻴﻮد ﰲ اﳌﻨﺎﻃﻖ اﻟﺴﻜﻨﻴﺔ اﻟﺜﺎﻧﻮﻳﺔ‪ .‬ﻣﻌﻈﻢ‬ ‫اﳌﺸﱰﻳﻦ اﻷﺟﺎﻧﺐ ﻳﺨﺘﺎرون ﴍاء اﻟﻌﻘﺎرات ﰲ ﻓﻴﻴﻨﺎ ‪ ،‬ﺳﺎﻟﺰﺑﻮرغ و ﰲ‬ ‫‪www.valoran.ae‬‬


‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫‪B6‬‬ ‫أﻋﻠﻨﺖ ﺳﺒﺎﻳﻜﺮ ﻋﻦ ﺑﺪﻳﻞ ﻓﺮﻳﺪ ﻣﻦ ﻧﻮﻋﻪ ﰲ ﻗﻄﺎع اﻟﺴﻴﺎرات اﻟﺮﻳﺎﺿﻴﺔ‬ ‫اﻟﻔﺎﺧﺮة‪ B6 .‬ﻓﻴﻨﺎﺗﻮر ﺳﺒﺎﻳﺪر ﻛﻮﻧﺴﻴﺒﺖ ﻣﻦ ﺳﺒﺎﻳﻜﺮ‪ ،‬اﻟﺘﻲ ﺗﻢ ﺗﺼﻤﻴﻤﻬﺎ‬ ‫ﻣﻦ ﻗﺒﻞ اﻟﺮﺋﻴﺲ اﻟﺘﻨﻔﻴﺬي ﻟﴩﻛﺔ ﻓﻴﻜﺘﻮر ر‪ .‬ﻣﻮﻟﺮ ‪ ،‬ﻫﻲ اﻟﺨﻴﺎر اﻟﻘﺎﺑﻞ‬ ‫ﻟﻠﺘﺤﻮل اﻟﺬي ﻃﺎل اﻧﺘﻈﺎره ﻣﻦ اﻟﺴﻴﺎرات اﻟﺮﻳﺎﺿﻴﺔ اﳌﺪﻣﺠﺔ ذات‬ ‫اﻟﺒﺎﺑني واﳌﺤﺮك اﳌﺘﻮﺳﻂ اﻟﺘﻲ ﺗﻘﺪﻣﻬﺎ اﻟﴩﻛﺔ‪.‬‬ ‫اﻟﺴﻄﺢ اﻟﺨﺎرﺟﻲ ﻟﻠﻤﻮدﻳﻞ اﻟﺠﺪﻳﺪ اﻟﺬي ﺗﻈﻬﺮ ﻓﻴﻪ اﻟﺸﺒﻜﺔ اﻷﻣﺎﻣﻴﺔ‬ ‫ﻋﲆ ﺷﻜﻞ ﺣﺮف ‪ V‬اﳌﻤﻴﺰة ﻟﻬﺬه اﻟﻌﻼﻣﺔ اﻟﺘﺠﺎرﻳﺔ واﻟﺘﻲ ﺗﺬﻛﺮ‬ ‫ﺑﺴﻴﺎرات ﺳﺒﺎﻳﻜﺮ ﻣﻦ اﻟﻘﺮن اﻟﻌﴩﻳﻦ‪ .‬إﺿﺎءة ‪ LED‬ﻋﲆ اﳌﺼﺎﺑﻴﺢ‬ ‫اﻷﻣﺎﻣﻴﺔ ﺗﻌﻄﻴﻬﺎ ﻣﻈﻬﺮ ﻋﺪواين‪ ،‬ﰲ ﺣني أن أﺿﻮاء ‪ LED‬ﺛﻼﺛﻴﺔ اﻷﺑﻌﺎد‬ ‫ﻟﻠﻤﺼﺎﺑﻴﻊ اﻟﺨﻠﻔﻴﺔ ﺗﺸﺒﻪ ﺷﻌﻼت اﳌﺤﺮﻛﺎت اﻟﻨﻔﺎﺛﺔ ﻟﻠﻄﺎﺋﺮات اﻟﺤﺪﻳﺜﺔ‪.‬‬ ‫ﺷﻌﺎر ﻋﺎم ‪ 1903‬مبﺜﺎﺑﺔ ﺗﺬﻛري ﻟﻠﻌﻬﺪ اﻟﺬي ﻗﺎﻣﺖ ﻓﻴﻪ اﻟﴩﻛﺔ ﺑﺘﺼﻨﻴﻊ‬ ‫ﺳﻴﺎرات اﻟﺴﺒﺎق اﳌﺪﻫﺸﺔ ﻣﺜﻞ ‪.60HP‬‬

‫وﺗﻢ ﻋﻤﻞ اﳌﻘﺼﻮرة اﻟﺪاﺧﻠﻴﺔ ﻟﺘﺸﺒﻪ ﻗﻤﺮة اﻟﻘﻴﺎدة ﰲ اﻟﻄﺎﺋﺮات ﻣﻊ‬ ‫اﺳﺘﺨﺪام ﺟﻠﺪ ﻋﺎﱄ اﻟﺠﻮدة‪ .‬ﻟﻮﺣﺔ اﻟﻘﻴﺎدة ﺗﺒﺪو ﻣﺸﺎﺑﻬﺔ ﻟﺘﻠﻚ‬ ‫اﳌﻮﺟﻮدة ﰲ اﻟﻄﺎﺋﺮات ﻗﺒﻞ إﺧﺘﺒﺎر ﻣﺎ ﻗﺒﻞ اﻟﺮﺣﻠﺔ‪ .‬ﺑﻬﺎ ﳌﺴﺎت ﻣﻦ‬ ‫اﻷﻟﻮﻣﻨﻴﻮم اﻟﺘﻲ ﺗﺬﻛﺮﻧﺎ ﺑﻠﻮﺣﺎت اﻟﻘﻴﺎدة ﰲ ﺳﺒﺎﻳﻜﺮ ﰲ ﻋﴩﻳﻨﺎت اﻟﻘﺮن‬ ‫اﳌﺎﴈ‪ .‬اﻟﻀﻐﻂ ﻋﲆ زر اﻹﺷﻌﺎل ﺳﻮف ﻳﺒﺪأ ﻣﺤﺮك ‪ V6‬اﻟﻘﻮي اﻟﺬي‬ ‫ﻳﻮﻓﺮ أﻛرث ﻣﻦ ‪ 375‬ﺣﺼﺎن‪.‬‬ ‫ﺳﻮف ﺗﺒﺪأ اﻟﴩﻛﺔ إﻧﺘﺎج ﻫﺬه اﻟﺴﻴﺎرات اﻟﺠﺪﻳﺪة ﰲ اﻟﻨﺼﻒ اﻷﺧري‬ ‫ﻣﻦ ﻋﺎم ‪ 2014‬ﻟﻸﺳﻮاق اﻟﻌﺎﳌﻴﺔ اﻟﻬﺎﻣﺔ‪ ،‬مبﺎ ﰲ ذﻟﻚ اﻟﴩق اﻷوﺳﻂ‪،‬‬ ‫أوروﺑﺎ‪ ،‬آﺳﻴﺎ وﻣﻨﻄﻘﺔ اﳌﺤﻴﻂ اﻟﻬﺎدئ واﻟﻬﻨﺪ‪ .‬ﺳﻮف ﺗﻜﻮن اﻟﺴﻴﺎرة‬ ‫ﻣﺘﺎﺣﺔ ﰲ اﻟﻮﻻﻳﺎت اﳌﺘﺤﺪة ﰲ اﻷﺷﻬﺮ اﻟﻘﻠﻴﻠﺔ اﻷوﱃ ﻣﻦ ﻋﺎم ‪.2015‬‬ ‫ﻫﺬا اﳌﻮدﻳﻞ ﻳﻘﺪم ﻃﺮازا ً أﻛرث ﻳﴪا ﻟﺘﺠﺮﺑﺔ ﺳﺒﺎﻳﻜﺮ ﺑﺴﻌﺮ ﻳﻘﺪر ﺑﺤﻮاﱄ‬ ‫‪ 150,000‬دوﻻر‪.‬‬

‫‪15‬‬


‫‪-‬‬

‫‪500,000‬‬ ‫ﺑﻴﻊ ﻣﻨﺰل ﻋﺎزف اﻟﺒﻴﺎﻧﻮ واﳌﻄﺮب اﻷﻣﺮﻳيك ﻓﺎﻟﻨﺘﻴﻨﻮ ﻳﺒريﻳﺲ ﰲ ﻻس‬ ‫ﻓﻴﻐﺎس ﻟﺮﺟﻞ أﻋامل ﺑﺮﻳﻄﺎين ﻣﻘﺎﺑﻞ ‪ 500‬أﻟﻒ دوﻻر ﻧﻘﺪا‪ .‬اﳌﺎﻟﻚ‬ ‫اﻟﺠﺪﻳﺪ اﺷﱰى اﻟﻘﴫ ﺑﺈﻋﺘﺒﺎره اﻷﺳﻠﻮب اﳌﻠﺘﻬﺐ اﻟﺬي أﻟﻬﻢ ﻳﺒريس‬ ‫ﺗﻌﻠﻢ اﻟﻌﺰف ﻋﲆ اﻟﺒﻴﺎﻧﻮ ﻋﻨﺪﻣﺎ ﻛﺎن ﻃﻔﻼً‪.‬‬ ‫اﻟﻘﴫ اﳌﺆﻟﻒ ﻣﻦ ﻏﺮﻓﺘﻲ ﻧﻮم ‪ 10‬ﺣامﻣﺎت ﻋﲆ ﻣﺴﺎﺣﺔ ‪ 15,000‬ﻗﺪم‬ ‫ﻣﺮﺑﻊ‪ ،‬ﻛﺎن ﻗﺪ إﺷﱰاه ﻳﺒريﻳﺲ ﰲ ﻋﺎم ‪ ،1974‬وإﺣﺘﻔﻆ ﺑﺒﻌﺾ اﻟﻌﻨﺎﴏ‬ ‫اﻟﺘﻲ ﺗﺬﻛﺮﻧﺎ ﺑﻬﺬا اﻟﻔﻨﺎن‪ ،‬مبﺎ ﰲ ذﻟﻚ ﻏﺮﻓﺔ ﺑﻬﺎ ﻣﻔﺎﺗﻴﺢ اﻟﺒﻴﺎﻧﻮ ﻣﻠﻘﺎة‬ ‫ﻋﲆ اﻷرض‪ ،‬اﻟرثﻳﺎت وﻣﺮآة ﻣﺤﻔﻮر ﻋﻠﻴﻬﺎ ﺗﻮﻗﻴﻊ ﻳﺒريﻳﺲ‪ .‬ﻳﻘﻊ اﻟﺒﻴﺖ‬ ‫ﻋﲆ ﻣﺴﺎﺣﺔ ﻧﺼﻒ ﻓﺪان ﺑﺎﻟﻘﺮب ﻣﻦ ﺟﺎﻣﻌﺔ ﻧﻴﻔﺎدا‪.‬‬ ‫اﳌﻨﺰل ﺑﻴﻊ مبﺒﻠﻎ ﻳﻘﻞ ‪ 29,000‬دوﻻر ﻋﻦ ﺳﻌﺮ اﻹدراج‪ ،‬وذﻟﻚ أﺳﺎﺳﺎً‬ ‫ﺑﺴﺒﺐ ﻣﻮﻗﻌﻪ ﰲ ﺣﻲ ﻗﺪﻳﻢ ﺣﻴﺚ ﺗﺤﻴﻂ ﺑﻪ اﳌﻨﺎزل اﻟﺼﻐرية ﺗﺒﺎع‬ ‫ﺑﺄﺳﻌﺎر ﺗﱰاوح ﺑني ‪ 80,000‬دوﻻر و ‪ 150,000‬دوﻻر‪ .‬اﳌﻨﺰل اﻟﺬي ﺑﻨﻲ‬ ‫ﰲ ﻋﺎم ‪ 1962‬ﻫﻮ أﻳﻀﺎ ﰲ ﺣﺎﺟﺔ اﱃ ﺑﻌﺾ اﻟﱰﻣﻴﻢ و اﻟﺘﺠﺪﻳﺪ‪ .‬ﻋﲆ‬ ‫ﺳﺒﻴﻞ اﳌﺜﺎل‪ ،‬ﻻ ﻳﻮﺟﺪ ﺑﻪ ﻣﻄﺒﺦ ﻳﺼﻠﺢ ﻟﻺﺳﺘﺨﺪام‪ ،‬ﺣﻴﺚ أن اﳌﺎﻟﻚ‬ ‫اﻟﺴﺎﺑﻖ‪ ،‬اﻟﺬي ﻛﺎن ﻗﺪ ﺣﻮﻟﻪ إﱃ ﻣﻄﺒﺦ ﺗﺠﺎري ﺗﺮﻛﻪ دون أﺟﻬﺰة‪.‬‬ ‫اﳌﻨﺰل ﺗﻢ ﺑﻴﻌﻪ ﺳﺎﺑﻘﺎً ﻣﻘﺎﺑﻞ ‪ 3.7‬ﻣﻠﻴﻮن دوﻻر ﰲ ﻋﺎم ‪ ،2006‬ﻋﻨﺪﻣﺎ‬ ‫ﻛﺎﻧﺖ اﻟﻌﻘﺎرات ﰲ ﻧﻴﻔﺎدا ﰲ ﻣﺮﺣﻠﺔ إزدﻫﺎر‪ .‬وﺣﺼﻞ ﻋﻠﻴﻪ ﺟﻴﻪ يب‬ ‫ﻣﻮرﻏﺎن ﺗﺸﻴﺲ ﻣﻦ ﺧﻼل اﻟﺮﻫﻦ ﰲ ﻓﱪاﻳﺮ ‪ .2010‬ﺑﻌﺪ ﻣﻌﺮﻛﺔ ﻗﺎﻧﻮﻧﻴﺔ‬ ‫ﻣﻊ اﳌﺎﻟﻚ اﻟﺴﺎﺑﻖ ﺗريﻧﺲ ﱄ ﺟﻔﻮﻧﻴﻚ‪ ،‬اﻟﺬي ﺧﴪ اﻟﻘﻀﻴﺔ ﰲ دﻳﺴﻤﱪ‪،‬‬ ‫وﺗﻢ ﻃﺮح اﻟﻘﴫ ﰲ اﻟﺴﻮق ﰲ ﺑﺪاﻳﺔ اﻟﺼﻴﻒ ﻫﺬا اﻟﻌﺎم ‪.‬‬

‫‪www.valoran.ae‬‬

‫ﻣﻦ اﳌﺮﺟﺢ أن ﻳﺸﻬﺪ ﻣﺰاد ﺳﻮﺛﺒﻲ ﰲ ﻫﻮﻧﺞ ﻛﻮﻧﺞ أﺳﻌﺎرا ً ﻗﻴﺎﺳﻴﺔ‬ ‫ﻟﻘﻄﻌﺘني ﻣﻦ اﳌﺎس اﻟﻨﻘﻲ ﻟﻠﻤﺰاﻳﺪة ﻋﻠﻴﻬام ﰲ ‪ 7‬أﻛﺘﻮﺑﺮ‪ .‬أول ﻗﻄﻌﺘني‬ ‫اﻷﳌﺎس ﻫﻲ أﻛﱪ ﻣﺎﺳﺔ ﻧﻘﻴﺔ ‪ D -‬ﺗﻈﻬﺮ ﰲ ﻣﺰاد ﻋﻠﻨﻲ ﰲ اﻟﻌﺎمل‪ ،‬ﻋﻴﺎر‬ ‫‪ 118.28‬ﻗرياط وﻫﻲ ﻛﺒرية ﻣﺜﻞ ﺑﻴﻀﺔ ﺻﻐرية‪ .‬واﻟﺜﺎﻧﻴﺔ ﻗﻄﻌﺔ ﻣﻦ‬ ‫اﻷﳌﺎس اﻷزرق اﻟﻨﻘﻲ ﻋﻴﺎر ‪ 7.59‬ﻗرياط‪ ،‬واﻟﺘﻲ ﺳﺘﻜﻮن أﻛﱪ ﻣﺎﺳﺔ‬ ‫داﺋﺮﻳﺔ ﻣﻦ ﻧﻮﻋﻬﺎ ﺗﻈﻬﺮ ﰲ ﻣﺰاد ﻋﻠﻨﻲ‪.‬‬ ‫وﺟﺎء اﳌﺎس اﻷﺑﻴﺾ اﻟﺨﺎم‪ ،‬اﻟﺬي ﺗﻢ اﻛﺘﺸﺎﻓﻪ ﰲ ﻣﻨﺠﻢ ﰲ ﺟﻨﻮب‬ ‫أﻓﺮﻳﻘﻴﺎ ﰲ ﻋﺎم ‪ ،2011‬ﻋﻴﺎر ‪ 299‬ﻗرياط‪ ،‬واﻟﺘﻲ ﻗﻄﻌﺖ و ﺷﻜﻠﺖ ﻋﲆ‬ ‫ﻣﺪى ﻋﺪة أﺷﻬﺮ ﻟﻠﻮﺻﻮل إﱃ درﺟﺔ اﻟﻨﻘﺎء – ‪ .D‬وﻣﻦ اﳌﺘﻮﻗﻊ أن ﻳﺒﺎع‬ ‫ﻫﺬا اﻟﺤﺠﺮ ﺑﻘﻴﻤﺔ ﺗﱰاوح ﺑني ‪ 28‬ﻣﻠﻴﻮن دوﻻر و ‪ 35‬ﻣﻠﻴﻮن دوﻻر‪ ،‬ﰲ‬ ‫ﺣني ﻣﻦ اﳌﺘﻮﻗﻊ أن ﺗﺒﺎع اﳌﺎﺳﺔ اﻟﺰرﻗﺎء‪ ،‬اﻟﻐري ﻣﻌﻠﻮﻣﺔ اﳌﺼﺪر‪ ،‬ﺑﺄﻛرث‬ ‫ﻣﻦ ‪ 19‬ﻣﻠﻴﻮن دوﻻر‪ .‬وﻳﻌﺘﻘﺪ أن ﻫﺬا اﻟﺤﺠﺮ ﻗﺪ أﺣﴬ ﻣﻦ ﻣﻨﺠﻢ‬ ‫ﻛﻮﻟﻴﻨﺎن ﰲ ﻏﻮﺗﻨﻎ‪ ،‬ﺟﻨﻮب أﻓﺮﻳﻘﻴﺎ )ﻳﻌﺮف ﰲ اﻟﺴﺎﺑﻖ ﺑﺎﺳﻢ اﻟﻠﻐﻢ‬ ‫اﻟﺮﺋﻴﴘ(‪ ،‬وﻛﺎن ﻫﻮ اﳌﺼﺪر اﻟﻮﺣﻴﺪ اﳌﻌﺮوف ﻟﻠامس اﻷزرق ﰲ اﻟﻘﺮن‬ ‫اﳌﺎﴈ ‪.‬‬ ‫ﺳﻮف ﻳﻜﻮن اﻟﺤﺠﺮان اﻟﻨﻘﻴﺎن ﺟﺰءا ﻣﻦ اﳌﺰاد اﳌﻘﺎم ﰲ ﻣﺮﻛﺰ اﳌﺆمتﺮات‬ ‫واﳌﻌﺎرض ﰲ ﻫﻮﻧﻎ ﻛﻮﻧﻎ ﻟﻼﺣﺘﻔﺎل ﺑﺎﻟﺬﻛﺮى اﻟﻌﴩﻳﻦ ﻟﺴﻮﺛﺒﻲ ﰲ‬ ‫آﺳﻴﺎ‪ .‬ﺳﻮف ﻳﻜﻮن ﻫﻨﺎك ﺣﻮاﱄ ‪ 330‬ﻗﻄﻌﺔ‪ ،‬واﻟﺘﻲ ﺳﻮف ﺗﺸﻤﻞ‬ ‫ﻣﺠﻤﻮﻋﺔ ﻣﻦ اﻷﺣﺠﺎر اﻟﻜﺮميﺔ‪ ،‬مبﺎ ﰲ ذﻟﻚ اﻷﳌﺎس ﻋﺪﻳﻢ اﻟﻠﻮن‪،‬‬ ‫اﻷﺻﻔﺮ‪ ،‬اﻟﻮردي و اﻷزرق‪ ،‬ﺻﻔري ﻛﺸﻤري‪ ،‬اﻟﻴﺎﻗﻮت اﻟﺒﻮرﻣﻲ‪ ،‬اﻟﺰﻣﺮد‬ ‫اﻟﻜﻮﻟﻮﻣﺒﻲ‪ ،‬اﻟﻠﺆﻟﺆ و اﻟﻴﺸﻤﻚ‪ .‬وﻣﻦ اﳌﺘﻮﻗﻊ أن ﺗﺠﻠﺐ ﻫﺬه اﻟﻘﻄﻊ ﻣﺎ‬ ‫ﻳﺰﻳﺪ ﻋﲆ ‪ 110‬ﻣﻠﻴﻮن دوﻻر‪.‬‬


‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫ﺳﻮﻣﺮﺳﺖ ﺑﺎرﺗرنز‪ ،‬اﻟﻮاﻗﻊ ﰲ ‪ 450‬ﺑﺎرك اﻓﻨﻴﻮ‪ .‬ﺗﻢ ﴍاؤﻫﺎ ﻣﻘﺎﺑﻞ ‪509‬‬ ‫ﻣﻠﻴﻮن دوﻻر ﻣﻦ ﺧﻼل أﴎة ﺗﺎﺑﻮر واﻟﺬي ﺳﺠﻞ ﺳﻌﺮا ً ﻗﻴﺎﺳﻴﺎً ﻟﻠﻘﺪم‬ ‫اﳌﺮﺑﻊ اﻟﻮاﺣﺪ ‪ -‬وﻫﻮ اﻷﻋﲆ ﰲ أﺑﺮاج اﳌﻜﺎﺗﺐ ﰲ أﻣﺮﻳﻜﺎ اﻟﺸامﻟﻴﺔ ﰲ‬ ‫اﻟﻮﻗﺖ اﻟﺬي ﻛﺎﻧﺖ أﺳﻌﺎر اﻟﻌﻘﺎرات ﻋﻨﺪ ذروﺗﻬﺎ‪.‬‬ ‫ﻳﻘﻊ ﻋﻨﺪ ﺗﻘﺎﻃﻊ ﺑﺎرك اﻓﻨﻴﻮ وﺷﺎرع ‪ 57‬اﻟﴩﻗﻲ‪ ،‬ﰲ أﺣﺪ أﻏﲆ أﺣﻴﺎء‬ ‫اﻟﺘﺴﻮق واﳌﻜﺎﺗﺐ ﰲ ﻣﺪﻳﻨﺔ ﻧﻴﻮﻳﻮرك‪ ،‬وﺗﺒﻠﻎ ﻗﻴﻤﺔ ﻧﺎﻃﺤﺔ اﻟﺴﺤﺎب‬ ‫اﻵن ‪ 600‬ﻣﻠﻴﻮن دوﻻر‪ .‬وﺷﻬﺪت ﻧﻴﻮﻳﻮرك ارﺗﻔﺎﻋﺎً ﰲ اﻟﻄﻠﺐ ﻋﲆ‬ ‫اﻷﺑﺮاج اﳌﻜﺘﺒﻴﺔ ﻋﺎﻟﻴﺔ اﻟﺠﻮدة‪ ،‬وﻻ ﺳﻴام ﻣﻊ اﳌﺴﺘﺄﺟﺮﻳﻦ ﻋﲆ اﳌﺪى‬ ‫اﻟﻄﻮﻳﻞ واﳌﺴﺎﺣﺎت اﻟﺘﺠﺎرﻳﺔ ﻋﲆ ﻃﻮل ﻣﻤﺮات اﻟﺘﺴﻮق اﻟﺘﻲ ﻳﺮﺗﺎدﻫﺎ‬ ‫اﻟﺴﻴﺎح وﻣﺘﺴﻮﻗﻮا اﻟﺴﻠﻊ اﻟﻔﺎﺧﺮة‪ .‬اﻟﻌﺪﻳﺪ ﻣﻦ اﳌﺴﺘﺜﻤﺮﻳﻦ اﻷﺟﺎﻧﺐ‬ ‫ﻳﺸﱰون ﻫﺬه اﻟﻌﻘﺎرات ﻛﺄﺻﻮل ﻣﺮﺑﺤﺔ ﻟﻠﻐﺎﻳﺔ‪ ،‬وﺧﻼل اﻟﻨﺼﻒ اﻷول‬ ‫ﻣﻦ ﻋﺎم ‪ ،2013‬ﺗﻢ اﺳﺘﺜامر ﺣﻮاﱄ ‪ 1.96‬ﻣﻠﻴﺎر دوﻻر ﰲ ﻫﺬه اﻷﻧﻮاع‬ ‫ﻣﻦ اﻟﻌﻘﺎرات ﰲ ﻣﺎﻧﻬﺎﺗﻦ‪.‬‬ ‫وﻓﻘﺎً ﻟﻜﻴﺚ روﺑﻨﺸﺘﺎﻳﻦ‪ ،‬ﻣﺪﻳﺮ ﰲ ﺳﻮﻣﺮﺳﺖ ﺑﺎرﺗرنز‪ ،‬أن اﻟﴩﻛﺔ ﻗﺪ‬ ‫ﺗﻠﻘﺖ اﻟﻌﺪﻳﺪ ﻣﻦ اﻻﺳﺘﻔﺴﺎرات ﻋﻦ اﳌﺒﻨﻰ ﻋﲆ ﻣﺪى اﻷﺷﻬﺮ اﻟﺴﺘﺔ‬ ‫اﳌﺎﺿﻴﺔ‪ ،‬وأﻧﻬﻢ ﻳﺄﻣﻠﻮن ﰲ ﺑﻴﻊ ﻧﺎﻃﺤﺔ اﻟﺴﺤﺎب ﺑﻘﻴﻤﺔ ﻣﺮﺑﺤﺔ‪ ،‬واﻟﺘﻲ‬ ‫ﺳﻮف ﺗﺴﺎﻋﺪﻫﻢ ﻋﲆ اﻟﻘﻴﺎم ﺑﻌﻤﻠﻴﺎﺗﻬﻢ اﻟﴩاﺋﻴﺔ اﻻﺳﱰاﺗﻴﺠﻴﺔ اﻷﺧﺮى‬ ‫ﰲ اﳌﺪﻳﻨﺔ‪.‬‬

‫اﻷﺳﻌﺎر ﺑﺸﻜﻞ إﺿﺎﰲ ﻣام ﻳﺤﺪ ﻣﻦ ﻗﺪرة اﳌﺸﱰﻳﻦ ﻋﲆ ﴍاء اﳌﻨﺎزل‬ ‫ﻟﻠﻤﺮة اﻷوﱃ‪.‬‬ ‫أﻣﺎ اﳌﺮﺣﻠﺔ اﻟﺜﺎﻧﻴﺔ ﻣﻦ ﻫﺬه اﳌﺒﺎدرة اﳌﺜرية ﻟﻠﺠﺪل ﺗﺘﻀﻤﻦ ﺗﻮﻓري‬ ‫اﻟﺪوﻟﺔ ﻟﻀامﻧﺎت اﻹﻗﺮاض اﻟﻌﻘﺎري ﻋﺎﱄ اﳌﺨﺎﻃﺮ‪ .‬وﻳﺠﺮي اﻵن وﺿﻊ‬ ‫ﺧﻄﺔ ﺟﺪﻳﺪة ﻣﻦ ﻗﺒﻞ وزارة اﻟﺨﺰاﻧﺔ وﻣﻦ اﳌﻘﺮر إﻃﻼﻗﻬﺎ ﰲ ﻳﻨﺎﻳﺮ‬ ‫ﻛﺎﻧﻮن اﻟﺜﺎين‪ .‬ﰲ ﺿﻮء ذﻟﻚ‪ ،‬ﻳﺸﻌﺮ ‪ Rics‬ﺑﺄن ﻫﻨﺎك رﺳﺎﻟﺔ واﺿﺤﺔ ﻣﻦ‬ ‫ﺑﻨﻚ إﻧﺠﻠﱰا ﺑﺄن اﳌﺒﺎدرة ﻟﻦ ﺗﺪﻋﻢ ارﺗﻔﺎع اﻷﺳﻌﺎر أﻛرث ﻣﻦ ‪ 5‬ﰲ اﳌﺎﺋﺔ‬ ‫ﻣام ميﻜﻦ أن ﻳﺴﺎﻋﺪ ﰲ اﻟﺤﻔﺎظ ﻋﲆ اﻟﺘﻀﺨﻢ ﰲ أﺳﻌﺎر ﺗﺤﺖ اﻻﺧﺘﻴﺎر‬ ‫ﻷن ﻫﺬا ﻣﻦ ﺷﺄﻧﻪ أن ﻳﺜﺒﻂ اﳌﺸﱰﻳﻦ ﻣﻦ ﴍاء اﻟﺪﻳﻮن اﳌﻔﺮﻃﺔ‬ ‫ﻟﻼﺳﺘﻔﺎدة ﻣﻦ ﻃﻔﺮة اﻟﺘﺴﻌري وأﻳﻀﺎ ﺗﺜﺒﻴﻂ اﳌﻘﺮﺿني ﻣﻦ ﺧﻔﺾ‬ ‫ﻣﻌﺎﻳريﻫﺎ ﻟﻠﺤﺼﻮل ﻋﲆ ﺣﺼﺔ أﻛﱪ ﻣﻦ اﻟﺴﻮق‪.‬‬ ‫وﻓﻘﺎ ﻟﻬﻮارد دﻳﻔﻴﺰ‪ ،‬ﻧﺎﺋﺐ ﻣﺤﺎﻓﻆ ﺑﻨﻚ إﻧﺠﻠﱰا اﻟﺴﺎﺑﻖ‪ ،‬اﳌﺸﻜﻠﺔ‬ ‫اﻟﺤﻘﻴﻘﻴﺔ ﻫﻲ ﻋﺪم وﺟﻮد ﺗﻄﻮﻳﺮ ﻋﻘﺎري ﺟﺪﻳﺪ‪ .‬ﻋﲆ اﻟﺮﻏﻢ ﻣﻦ أن‬ ‫ﺑﻨﺎء اﳌﺴﺎﻛﻦ ﻗﺪ إرﺗﻔﻊ ﺧﻼل اﻷﺷﻬﺮ اﻟﻘﻠﻴﻠﺔ اﳌﺎﺿﻴﺔ‪ ،‬ﻓﺈﻧﻪ ﻻ ﻳﺰال أﻗﻞ‬ ‫ﻣﻦ ﻣﺘﻮﺳﻂ اﳌﺪى اﻟﻄﻮﻳﻞ ﺑﺤﻮاﱄ ‪ 25‬ﰲ اﳌﺎﺋﺔ‪ .‬ﻋﲆ اﻟﺮﻏﻢ ﻣﻦ أن‬ ‫اﻟﺒﻨﺎء اﻟﺠﺪﻳﺪ ﻳﺰﻳﺪ ﺑﻨﺴﺒﺔ ‪ 20‬ﰲ اﳌﺎﺋﺔ ﰲ اﻟﺮﺑﻊ اﻟﺜﺎين ﻣﻘﺎرﻧﺔ ﻣﻊ اﻟﺮﺑﻊ‬ ‫اﻷول‪ ،‬إﻻ أن اﻻﻗﺘﺼﺎدﻳﻮن ﻳﺸﻌﺮون ﺑﺄن ﻫﻨﺎك ﺣﺎﺟﺔ إﱃ زﻳﺎدة أﻛرث‬ ‫اﺳﺘﺪاﻣﺔ ﳌﻮاﻛﺒﺔ اﻟﻄﻠﺐ اﳌﺘﺰاﻳﺪ‪.‬‬

‫ﰲ اﳌﻤﻠﻜﺔ اﳌﺘﺤﺪة‪ ،‬ﻃﻠﺐ اﳌﻌﻬﺪ اﳌﻠيك ﻟﻠﻤﺴﺎﺣني اﻟﻘﺎﻧﻮﻧﻴني )‪(Rics‬‬ ‫ﻣﻦ ﺑﻨﻚ اﻧﺠﻠﱰا اﻟﺤﺪ ﻣﻦ اﻻرﺗﻔﺎع ﰲ أﺳﻌﺎر اﳌﻨﺎزل‪ .‬ﰲ ﺧﻄﻮة ﻧﺎدرة‪،‬‬ ‫ﺣﻴﺚ أن ‪ Rics‬ﻋﺎدة ﻳﺴﺘﻔﻴﺪ ﻣﻦ ارﺗﻔﺎع أﺳﻌﺎر اﻟﻌﻘﺎرات‪ ،‬إﻻ أن‬ ‫اﳌﺠﻤﻮﻋﺔ اﻟﺼﻨﺎﻋﻴﺔ ﺗﻘﺪﻣﺖ ﺑﺈﻗﱰاح ﻳﺘﻌني مبﻮﺟﺒﻪ ﻋﲆ اﻟﺒﻨﻚ اﳌﺮﻛﺰي‬ ‫اﺗﺨﺎذ ﺗﺪاﺑري ﻟﻠﺤﺪ ﻣﻦ اﻹﻗﺮاض اﻟﻌﻘﺎري إذا زادت اﻷﺳﻌﺎر ﺑﻨﺴﺒﺔ أﻛرث‬ ‫ﻣﻦ ‪ 5‬ﰲ اﳌﺎﺋﺔ ﰲ ﺳﻨﺔ ﻣﻌﻴﻨﺔ‪.‬‬ ‫وﻓﻘﺎ ﻟﺒﻴﺎﻧﺎت ﻣﻦ اﳌﻘﺮض اﻟﻌﻘﺎري ﻫﺎﻟﻴﻔﺎﻛﺲ‪ ،‬أن اﻟﺘﻀﺨﻢ ﰲ أﺳﻌﺎر‬ ‫اﳌﺴﺎﻛﻦ ﻗﺪ إﺟﺘﺎز ﺑﺎﻟﻔﻌﻞ ‪ 5‬ﰲ اﳌﺎﺋﺔ‪ .‬ﰲ ﺣني أن اﻟﺤﻜﻮﻣﺔ ﺗﺪاﻓﻊ ﻋﻦ‬ ‫ﻣﺒﺎدرة "اﳌﺴﺎﻋﺪة ﰲ اﻟﴩاء"‪ ،‬اﻟﺘﻲ ﺗﻬﺪف إﱃ ﻣﺴﺎﻋﺪة اﳌﺸﱰﻳﻦ ﻟﻠﻤﺮة‬ ‫اﻷوﱃ ﻋﲆ اﻻﺳﺘﺜامر ﰲ اﻟﻌﻘﺎرات‪ ،‬وﺗﻘﻮل ان اﻟﻨﺸﺎط ﰲ اﻟﺴﻮق‬ ‫اﻟﻌﻘﺎري ﻻ ﻳﺰال أﻗﻞ ﺑﻜﺜري ﻣﻘﺎرﻧﺔ ﻣﻊ اﻟﺬروة ﰲ ﻓﱰة ﻣﺎ ﻗﺒﻞ اﻷزﻣﺔ‪،‬‬ ‫ﻳﺮى اﻟﻨﻘﺎد أن اﳌﺒﺎدرة اﻟﺠﺪﻳﺪة اﻟﺘﻲ ﻃﺮﺣﺘﻬﺎ اﻟﺤﻜﻮﻣﺔ ﺳﻮف ﺗﺰﻳﺪ‬ ‫‪13‬‬


‫‪-‬‬

‫وﻓﻘﺎ ﻟﻘﺎمئﺔ أﺛﺮﻳﺎء اﻟﺼني اﻟﺘﻲ ﺗﺼﺪرﻫﺎ ﻫﻮرون رﻳﺒﻮرت‪ ،‬ﺻﻨﺎﻋﺔ‬ ‫اﻟﻌﻘﺎرات ﰲ اﻟﺼني ﺧﻼل اﻟﻌﺎم اﳌﺎﴈ ﻫﻲ اﳌﺼﺪر اﻟﺮﺋﻴﴘ ﻟﻠﺪﺧﻞ ﺑني‬ ‫اﻷﺛﺮﻳﺎء ﰲ اﻟﺒﻼد‪ .‬واﺣﺪ ﻣﻦ ﻛﻞ أرﺑﻌﺔ أﺷﺨﺎص ﰲ ﻗﺎمئﺔ اﻷﺛﺮﻳﺎء ﻗﺪ‬ ‫ﺗﺮاﻛﻤﺖ ﺛﺮواﺗﻬﻢ ﻣﻦ ﺻﻨﺎﻋﺔ اﻟﻌﻘﺎرات‪ ،‬ﰲ ﺣني ﺣﺼﻞ ﺳﺘﺔ ﻣﻦ أﺻﻞ‬ ‫ﻋﴩة أﺷﺨﺎص ﻋﲆ أﻣﻮاﻟﻬﻢ ﻣﻦ ﻗﻄﺎع اﻟﺒﻨﺎء واﻟﺘﺸﻴﻴﺪ‪.‬‬ ‫ﺑﻌﺪ أن وﺻﻠﺖ أﺳﻌﺎر اﻷراﴈ إﱃ ﻣﺴﺘﻮﻳﺎت ﻗﻴﺎﺳﻴﺔ ﰲ اﻟﺴﻨﻮات‬ ‫اﻷﺧرية‪ ،‬ﺑﺴﺒﺐ ارﺗﻔﺎع اﻟﻄﻠﺐ‪ ،‬ﻳﺤﺎول ﻗﺎدة اﻟﺼني إﻳﺠﺎد ﺣﻞ ﳌﻨﻊ‬ ‫ﺣﺪوث ﻓﻘﺎﻋﺔ‪ ،‬ﺑﻴﻨام ﻳﺤﺎوﻟﻮن ﰲ اﻟﻮﻗﺖ ﻧﻔﺴﻪ ﺗﻘﺪﻳﻢ اﻟﺪﻋﻢ ﻟﻬﺬا‬ ‫اﻟﻘﻄﺎع‪ ،‬واﻟﺬي ﻳﻌﺪ أﺣﺪ اﳌﺤﺮﻛﺎت اﻟﺮﺋﻴﺴﻴﺔ ﻟﻠﻨﻤﻮ اﻻﻗﺘﺼﺎدي ﰲ‬ ‫اﻟﺒﻼد‪.‬‬ ‫ﻣﻦ ﺣﻴﺚ اﻟﱰﺗﻴﺐ اﻟﻔﺮدي‪ ،‬إﺣﺘﻞ واﻧﻎ ﺟﻴﺎن ﻟني‪ ،‬وﻫﻮ ﻗﻄﺐ اﻟﻌﻘﺎرات‬ ‫ورﺋﻴﺲ ﻣﺠﻤﻮﻋﺔ داﻟﻴﺎن واﻧﺪا )أﻛﱪ ﻣﻄﻮر ﺗﺠﺎري ﰲ اﻟﺼني( ﰲ اﳌﺮﺗﺒﺔ‬ ‫اﻷوﱃ‪ ،‬ﺑﻌﺪ أن ﺗﻀﺎﻋﻔﺖ ﺛﺮوﺗﻪ إﱃ ‪ 22‬ﻣﻠﻴﺎر دوﻻر‪ .‬وﻛﺎن ﻗﺪ ﺣﻞ ﻣﺤﻞ‬ ‫ﻗﻄﺐ اﳌﴩوﺑﺎت ﺗﺴﻮﻧﻎ ﻛﻴﻨﻐﻮ ﰲ اﻟﺼﺪارة‪ .‬وﻛﺎﻧﺖ اﻟﻘﻴﻤﺔ اﻟﺼﺎﻓﻴﺔ‬ ‫اﳌﺠﻤﻌﺔ ﻷﺛﺮى ‪ 100‬ﺷﺨﺼﻴﺔ ﰲ اﻟﺼني ﺗﻌﺎﻓﺖ ﺑﻨﺴﺒﺔ ‪ 27‬ﰲ اﳌﺎﺋﺔ ﺑﻌﺪ‬ ‫اﻧﺨﻔﺎض اﻟﻌﺎم اﳌﺎﴈ‪ .‬ﻣﻨﻬﻢ‪ ،‬ﺣﻮاﱄ ﺳﺘﺔ ﻣﻦ ﻛﻞ ﻋﴩة أﺷﺨﺎص‬ ‫ﺷﻬﺪت ﺛﺮواﺗﻬﻢ إرﺗﻔﺎﻋﺎً ﻗﻴﺎﺳﻴﺎً ﰲ اﻟﻌﺎم اﳌﺎﴈ‪.‬‬ ‫وﺷﻤﻞ اﻟﺪاﺧﻠﻮن اﻟﺠﺪد ﰲ ﻗﺎمئﺔ أﺛﺮى ﺧﻤﺲ ﺷﺨﺼﻴﺎت ﺑﻮين ﻣﺎ‬ ‫)ﺗﻴﻨﺴﻨﺖ اﻟﻘﺎﺑﻀﺔ(‪ ،‬ﻳﺎﻧﻎ ﻫﻮﻳﺎن )ﻣﻄﻮر اﻟﻌﻘﺎرات ﻛﻮﻧﱰي ﻏﺎردن‬ ‫اﻟﻘﺎﺑﻀﺔ( ووى ﺟﻴﺎن ﺟﻮن )ﴍﻛﺔ ﻏﺮﻳﺖ وول ﻣﻮﺗﻮر(‪ .‬ﺳﺠﻠﻮا ﻣﻌﺎ‬ ‫زﻳﺎدة ﻣﻘﺪارﻫﺎ ‪ 80‬ﰲ اﳌﺎﺋﺔ ﰲ ﺛﺮواﺗﻬﻢ ﻣﻘﺎرﻧﺔ ﻣﻊ ﻋﺎم ‪ .2012‬وأﻇﻬﺮ‬ ‫‪www.valoran.ae‬‬

‫اﻟﺘﻘﺮﻳﺮ أﻳﻀﺎ أﻧﻪ ﻋﲆ اﻟﺮﻏﻢ ﻣﻦ اﻟﺘﺒﺎﻃﺆ اﻟﻌﺎم ﰲ اﻗﺘﺼﺎد اﻟﺒﻼد ﺧﻼل‬ ‫اﻷرﺑﺎع اﻟﻌﴩة اﳌﺎﺿﻴﺔ‪ ،‬ازداد ﻋﺪد اﳌﻠﻴﺎردﻳﺮات ﺑﻨﺴﺒﺔ ‪ 25‬ﰲ اﳌﺎﺋﺔ‬ ‫ﻟﻴﺼﻞ إﱃ ‪ 315‬ﻓﺮد‪.‬‬

‫داﻣﺎك اﻟﻌﻘﺎرﻳﺔ اﻟﻘﺎمئﺔ ﰲ ديب‪ ،‬اﻟﺘﻲ ﺗﻌﺎوﻧﺖ ﻣﻊ ﻓريﺳﺎﺗﴚ ﻫﻮم ﻟﺒﻨﺎء‬ ‫ﻣﴩوع ﺑﺘﻜﻠﻔﺔ ‪ 300‬ﻣﻠﻴﻮن دوﻻر ﻟﻠﻤﻨﺎزل اﻟﺮاﻗﻴﺔ ﰲ ﺳﻮﻟﻴﺪﻳﺮ‪ ،‬ﺑريوت‪،‬‬ ‫ﻗﺪ أمتﺖ اﳌﺮﺣﻠﺔ اﻹﻧﺸﺎﺋﻴﺔ‪ .‬ﻣﻊ اﻹﻧﺘﻬﺎء ﻣﻦ اﻟﻄﺎﺑﻖ اﻟﺜﺎﻟﺚ‪ ،‬ﻓﺈن اﻟﻌﻤﻞ‬ ‫ﰲ ﺑﺮج داﻣﺎك ﻳﺴري ﺑﺸﻜﻞ ﺟﻴﺪ‪ .‬اﻟﺘﻄﻮﻳﺮ‪ ،‬واﻟﺬي ﺳﻮف ﻳﻘﺪم أﺳﻠﻮب‬ ‫ﺣﻴﺎة ﻓريﺳﺎﺗﴚ إﱃ اﻟﻠﺒﻨﺎﻧﻴني اﳌﻘﻴﻤني ﻓﻴﻪ‪ ،‬ﻫﻮاﻟﱪج اﻟﺴﻜﻨﻲ اﻟﺤﴫي‬ ‫واﻷول ﻣﻦ ﻧﻮﻋﻪ ﰲ اﳌﻨﻄﻘﺔ‪.‬‬ ‫ﻳﺘﻜﻮن اﻟﱪج ﻣﻦ ‪ 28‬ﻃﺎﺑﻖ ﻟﻬﺎ إﻃﻼﻟﺔ ﺟﻤﻴﻠﺔ ﻋﲆ اﻟﺒﺤﺮ اﻷﺑﻴﺾ‬ ‫اﳌﺘﻮﺳﻂ‪ ،‬وﻗﺪ ﺻﻤﻢ اﳌﺒﻨﻰ ﻟﻴﺸﺒﻪ أﻣﻮاج اﻟﺒﺤﺮ‪ .‬وﺳﻮف ﺗﺘﻤﻴﺰ وﺣﺪات‬ ‫اﻟﱪج اﻟﻮاﺳﻌﺔ ﺑﺘﺼﻤﻴامت داﺧﻠﻴﺔ ﻣﻦ ﺗﺼﻤﻴﻢ دار اﳌﻮﺿﺔ اﻹﻳﻄﺎﻟﻴﺔ‪،‬‬ ‫وﺳﻮف ﺗﺸﻤﻞ ﻣﻨﺘﺠﺎت اﻟﻌﻼﻣﺎت اﻟﺘﺠﺎرﻳﺔ ﰲ اﳌﺠﺎﻻت اﳌﺸﱰﻛﺔ ﻣﺜﻞ‬ ‫اﳌﺮاﻛﺰ اﻟﺼﺤﻴﺔ وﻣﺮاﻛﺰ اﻟﻠﻴﺎﻗﺔ اﻟﺒﺪﻧﻴﺔ‪ ،‬وﻣﻜﺘﺐ ﻟﺨﺪﻣﺎت اﻻﺳﺘﻘﺒﺎل‬ ‫واﻟﺒﻬﻮ‪.‬‬

‫اﳌﻠﻴﻮﻧري اﻟﱪﻳﻄﺎين ﻣﺎﻳﻜﻞ ﺗﺎﺑﻮر‪ ،‬اﻟﺬي ﺟﻤﻊ ﻣﺎﻟﻪ ﻣﻦ ﺧﻼل اﻟﻘامر‬ ‫وﺳﺒﺎق اﻟﺨﻴﻞ‪ ،‬ﻳﺨﻄﻂ ﰲ ﻋﻤﻞ ﻣﺰاد ﻋﲆ ﻧﺎﻃﺤﺔ ﺳﺤﺎب ﻣﺎﻧﻬﺎﺗﻦ‬ ‫ﻟﻼﺳﺘﻔﺎدة ﻣﻦ زﻳﺎدة اﻟﻄﻠﺐ ﻋﲆ اﻟﻌﻘﺎرات اﻟﺮاﺋﺪة ﰲ ﻧﻴﻮﻳﻮرك‪ .‬اﳌﺒﻨﻰ‬ ‫اﻟﺬي إﺷﱰاه ﰲ ﻋﺎم ‪ 2007‬ﻣﻊ ﴍﻛﺔ اﻷﺳﻬﻢ اﻟﺨﺎﺻﺔ اﻷﻣﺮﻳﻜﻴﺔ‬


‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫أﺳﻌﺎر اﻟﺒﻴﻊ ﰲ أﺑﺮاج ﺑﺤرية ﺟﻤرية ﺗﱰاوح ﺑني ‪ 500,000‬درﻫﻢ وﻣﺎ‬ ‫ﻓﻮق ﻟﺸﻘﺔ اﻻﺳﺘﻮدﻳﻮ و ‪ 7,020,000‬درﻫﻢ ﻟﺒﻨﺘﻬﺎوس ﺑﻬﺎ ‪ 5‬ﻏﺮف ﻧﻮم‪.‬‬ ‫اﳌﺼﺪر‪www.propertyfinder.ae :‬‬ ‫ﻣﺆﴍات اﻟﺴﻮق ﻟـ ‪ Reidin.com‬ﻟﻸﺷﻬﺮ اﻟﺴﺘﺔ اﳌﺎﺿﻴﺔ ﺗﺒني أن ‪831‬‬ ‫ﻣﻦ اﳌﻌﺎﻣﻼت ﺟﺮت ﻋﲆ اﻟﺸﻘﻖ اﻟﺴﻜﻨﻴﺔ ﰲ أﺑﺮاج ﺑﺤرية ﺟﻤرية واﻟﺘﻲ‬ ‫ﺑﻠﻐﺖ ﻗﻴﻤﺘﻬﺎ اﻹﺟامﻟﻴﺔ ‪ 234,091,017‬دوﻻر أﻣﺮﻳيك ﳌﺴﺎﺣﺔ إﺟامﻟﻴﺔ‬ ‫‪ 81,604‬ﻣﱰ ﻣﺮﺑﻊ‪ .‬وﺗﺮاوح ﻣﺘﻮﺳﻂ ﺳﻌﺮ اﻟﻘﺪم اﳌﺮﺑﻊ اﻟﻮاﺣﺪ ‪271,1‬‬ ‫دوﻻر‪ /‬اﻟﻘﺪم اﳌﺮﺑﻊ إﱃ ‪ 6,965‬دوﻻر‪ /‬اﻟﻘﺪم اﳌﺮﺑﻊ‪.‬‬ ‫ﻹﻳﺠﺎرات ﰲ اﻟﺸﻘﻖ اﻟﻮاﻗﻌﺔ ﰲ أﺑﺮاج ﺑﺤرية ﺟﻤرية أﻳﻀﺎ ﺗﺨﺘﻠﻒ ﻣﻦ‬ ‫ﻣﴩوع إﱃ آﺧﺮ ‪ .‬ﻛام ﰲ أول ﺗﺤﺪﻳﺚ ﳌﺆﺳﺴﺔ اﻟﺘﻨﻈﻴﻢ اﻟﻌﻘﺎري ﻟﻌﺎم‬ ‫‪ ،2013‬أﻇﻬﺮت اﻹﻳﺠﺎرات ﰲ أﺑﺮاج ﺑﺤرية اﻟﺠﻤرية إرﺗﻔﺎع ﻃﻔﻴﻒ ﻋﻦ‬

‫ﻣﺘﻮﺳﻂ اﻟﺴﻌﺮ ]دوﻻر ‪ /‬اﻟﻘﺪم اﳌﺮﺑﻊ[‬

‫‪ 2,917‬دوﻻر‪ /‬اﻟﻘﺪم اﳌﺮﺑﻊ‬

‫اﻟﺤﺪ اﻷدين ﻟﻠﺴﻌﺮ ]دوﻻر ‪ /‬اﻟﻘﺪم اﳌﺮﺑﻊ[‬

‫‪ 271,1‬دوﻻر‪ /‬اﻟﻘﺪم اﳌﺮﺑﻊ‬

‫اﻟﺤﺪ اﻷﻗﴡ ﻟﻠﺴﻌﺮ ]دوﻻر ‪ /‬اﻟﻘﺪم اﳌﺮﺑﻊ[‬

‫‪ 6,965‬دوﻻر‪ /‬اﻟﻘﺪم اﳌﺮﺑﻊ‬

‫ﻋﺪد اﳌﻌﺎﻣﻼت‬

‫‪831‬‬

‫إﺟامﱄ اﻟﻘﻴﻤﺔ‬

‫‪ 234,091,017‬دوﻻر‬

‫إﺟامﱄ اﳌﺴﺎﺣﺔ‬

‫‪ 81,604‬ﻗﺪم ﻣﺮﺑﻊ‬

‫ﻣﺘﻮﺳﻂ ﺳﻌﺮ اﳌﻌﺎﻣﻠﺔ‬

‫‪ 242,347‬دوﻻر‬

‫اﻟﺤﺪ اﻷدىن ﻟﺴﻌﺮ اﳌﻌﺎﻣﻠﺔ‬

‫‪ 51,559‬دوﻻر‬

‫اﻟﺤﺪ اﻷﻗﴡ ﻟﺴﻌﺮ اﳌﻌﺎﻣﻠﺔ‬

‫‪ 1,715,490‬دوﻻر‬

‫ﻋﺎم ‪ .2012‬ﺗﺮاوح ﻣﺘﻮﺳﻂ اﻻﻳﺠﺎرات ﻣﻦ ‪ 35,000‬درﻫﻢ إﱃ ‪45,000‬‬ ‫درﻫﻢ ﺳﻨﻮﻳﺎ ﻟﻼﺳﺘﻮدﻳﻮﻫﺎت‪ ،‬وﻣﻦ ‪ 50,000‬درﻫﻢ إﱃ ‪ 65,000‬درﻫﻢ‬ ‫ﺳﻨﻮﻳﺎ ﻟﻠﺸﻘﻖ ﺑﻐﺮﻓﺔ ﻧﻮم واﺣﺪة وﻣﻦ ‪ 65,000‬درﻫﻢ إﱃ ‪100,000‬‬ ‫درﻫﻢ ﻟﻠﺸﻘﻖ اﳌﻜﻮﻧﺔ ﻣﻦ ﻏﺮﻓﺘﻲ ﻧﻮم ‪.‬‬ ‫اﳌﺼﺪر‪Reidin.com :‬‬

‫‪11‬‬


‫‪-‬‬

‫ﺗﻘﻊ أﺑﺮاج ﺑﺤرية اﻟﺠﻤرية ﺑﺎﻟﻘﺮب ﻣﻦ ﺷﺎرع اﻟﺸﻴﺦ زاﻳﺪ‪ ،‬ﺑني اﻟﺘﻘﺎﻃﻌني‬ ‫‪ 5‬و ‪ .5.5‬وﺗﺒﻌﺪ ﺣﻮاﱄ ‪ 30‬دﻗﻴﻘﺔ ﺑﺎﻟﺴﻴﺎرة ﻣﻦ ﻣﻄﺎر ديب اﻟﺪوﱄ و ‪40‬‬ ‫دﻗﻴﻘﺔ ﻣﻦ أﺑﻮﻇﺒﻲ‪ .‬ﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬اﳌﺴﺎﻓﺔ اﻟﻘﺼرية اﻟﺘﻲ ﺗﺼﻞ‬ ‫أﺑﺮاج ﺑﺤرية اﻟﺠﻤرية وﻣﺤﻄﺎت ﻣﱰو ﻣﺎرﻳﻨﺎ ديب‪ ،‬ﺗﺠﻌﻞ ﻣﻦ اﻟﺴﻬﻞ‬ ‫اﻟﻮﺻﻮل إﱃ وﺳﻂ اﳌﺪﻳﻨﺔ أو اﳌﻄﺎر‪ .‬اﻟﻨﻘﺎط اﻟﺴﺎﺧﻨﺔ ﰲ ديب ﻣﺜﻞ‬ ‫اﻟﺸﺎﻃﺊ واﳌﺮﳻ ﺗﺒﻌﺪ ‪ 5‬دﻗﺎﺋﻖ ﺑﺎﻟﺴﻴﺎرة ﻣﻦ اﳌﴩوع‪ .‬ﰲ اﻷﺷﻬﺮ‬ ‫اﻟﺒﺎردة‪ ،‬ﻳﻜﻮن اﻟﺘﻨﺰه ﻣﻤﺘﻌﺎً‪ ،‬وﻋﺒﻮر ﺷﺎرع اﻟﺸﻴﺦ زاﻳﺪ ﻋﱪ ﺟﺴﻮر‬ ‫اﳌﱰو‪.‬‬

‫ﻳﺤﺘﻮي ﻛﻞ ﻣﻦ ‪ 64‬اﻷﺑﺮاج اﻟﺴﻜﻨﻴﺔ‪ ،‬اﻟﺘﺠﺎرﻳﺔ و ﻣﺘﻌﺪدة اﻻﺳﺘﺨﺪاﻣﺎت‬ ‫ﻋﲆ وﺳﺎﺋﻞ اﻟﺮاﺣﺔ ﻣﺜﻞ ﻗﺎﻋﺎت اﻹﺣﺘﻔﺎل‪ ،‬ﺣامﻣﺎت اﻟﺴﺒﺎﺣﺔ واﻟﺼﺎﻻت‬ ‫اﻟﺮﻳﺎﺿﻴﺔ‪ .‬ﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬ﻫﻨﺎك اﳌﻘﺎﻫﻲ و اﳌﻄﺎﻋﻢ اﻟﻮاﻗﻌﺔ ﻋﲆ‬ ‫ﻃﻮل اﻟﻮاﺟﻬﺔ اﻟﺒﺤﺮﻳﺔ‪ ،‬ﻣﻊ ﺳﻬﻮﻟﺔ اﻟﻮﺻﻮل إﻟﻴﻬﺎ ﻣﻦ ﻛﻞ ﻣﺠﻤﻮﻋﺔ‪.‬‬ ‫وﻏﺎﻟﺒﺎ ﻣﺎ ﺗﻌﻘﺪ أﺳﻮاق اﳌﺰارﻋني و اﳌﻌﺎرض ﻋﲆ ﻃﻮل اﻟﻮاﺟﻬﺔ اﻟﺒﺤﺮﻳﺔ‬ ‫اﻟﻬﺎدﺋﺔ‪ ،‬اﻟﺘﻲ ميﻜﻦ ﻷﻋﻀﺎء اﳌﺠﻤﻊ اﻟﺘﻤﺘﻊ ﺑﻬﺎ‪ .‬ﻣﻮل اﺑﻦ ﺑﻄﻮﻃﺔ‪،‬‬ ‫ﻣﺎرﻳﻨﺎ ﻣﻮل و ﻣﻮل اﻹﻣﺎرات ﺗﻘﻊ ﻛﻠﻬﺎ ﰲ ﻧﻄﺎق ‪ 5-10‬دﻗﺎﺋﻖ‪ ،‬و ميﻜﻦ‬ ‫اﻟﻮﺻﻮل إﻟﻴﻬﺎ ﻋﻦ ﻃﺮﻳﻖ اﳌﱰو ‪.‬‬ ‫اﳌﺠﻤﻊ ﻟﺪﻳﻪ اﳌﺴﺎﺣﺎت اﻟﺘﺠﺎرﻳﺔ وﺧﻴﺎرات اﻟﱰﻓﻴﻪ اﻟﺨﺎﺻﺔ ﺑﻪ‪ .‬ﻟﺘﺴﻮق‬ ‫اﻟﺒﻘﺎﻟﺔ‪ ،‬ﻫﻨﺎك ﺧﻴﺎر ﻣﻦ ﺛﻼﺛﺔ ﻣﻨﺎﻓﺬ ﻛﺎرﻓﻮر اﻛﺴﱪس‪ ،‬ﺑﺎرك ‪ N‬ﺷﻮب‬ ‫وﺳﻮق ﺳﺒﻴﻨﻴﺲ‪ ،‬إﱃ ﺟﺎﻧﺐ اﻟﻌﺪﻳﺪ ﻣﻦ ﻣﺤﻼت اﻟﺒﻘﺎﻟﺔ اﳌﺴﺘﻘﻠﺔ‪.‬‬

‫ﺑﺎﻻﺿﺎﻓﺔ اﱃ ﻫﺬا‪ ،‬ﻫﻨﺎك اﳌﻨﺘﺠﻌﺎت‪ ،‬اﻟﺼﺎﻟﻮﻧﺎت‪ ،‬ﻣﺘﺎﺟﺮ اﻹﻛﺴﺴﻮارات‬ ‫اﳌﻨﺰﻟﻴﺔ‪ ،‬ﻣﺤﻼت اﻷﺛﺎث‪ ،‬اﻟﻌﻴﺎدات اﻟﻄﺒﻴﺔ و اﻟﺼﻴﺪﻟﻴﺎت‪ ،‬ﻣام ﻳﺠﻌﻞ‬ ‫ﻛﻞ ﳾء ﰲ ﻣﺘﻨﺎول ﻳﺪ اﻟﻨﺰﻻء‪ .‬ﻛام ﻳﻮﺟﺪ ﺑﺎﳌﴩوع أرﺑﻌﺔ ﻓﻨﺎدق‪-‬‬ ‫ﺑﻮﻧﻴﻨﻐﺘﻮن ‪ ،‬أوك ﻟﻴﻮا ﻫﺎﻳﺘﺲ‪ ،‬ﻣﻮﻓﻨﺒﻴﻚ و ﺑﻮﳌﺎن )ﺗﺤﺖ اﻹﻧﺸﺎء(‪.‬‬ ‫وﺗﺸﻤﻞ اﳌﺮاﻓﻖ اﻷﺧﺮى اﻟﺘﻲ ﻳﺠﺮي اﻟﺘﺨﻄﻴﻂ ﻟﻬﺎ ﻣﺮﻛﺰ ﻟﻠﺮﻋﺎﻳﺔ‬ ‫اﻟﻨﻬﺎرﻳﺔ و اﳌﺪرﺳﺔ ﻣﻦ اﻟﺼﻔﻮف ‪ .1-12‬ﻳﻮﺟﺪ ﺣﺎﻟﻴﺎ ﺟﺎﻣﻌﺔ واﺣﺪة‬ ‫ﺗﻘﻊ ﰲ إﻃﺎر اﳌﴩوع ‪ -‬ﺟﺎﻣﻌﺔ ﺳﻴﻨريﻏﻲ‪ ،‬واﻟﺘﻲ متﻨﺢ درﺟﺎت‬ ‫اﻟﺒﻜﺎﻟﻮرﻳﻮس واﳌﺎﺟﺴﺘري‪ ،‬ﺑﺎﻹﺿﺎﻓﺔ إﱃ ﺑﺮﻧﺎﻣﺞ اﳌﺎﺟﺴﺘري ﰲ إدارة‬ ‫اﻷﻋامل‪.‬‬

‫ميﻜﻦ اﻟﻌﺜﻮر ﻋﲆ ﺷﻘﻖ ﺳﻜﻨﻴﺔ مبﺨﺘﻠﻒ اﻷﺳﻌﺎر و ﺗﺨﻄﻴﻄﺎت اﻷدوار‬ ‫ﰲ اﳌﴩوع‪ .‬ﺗﺘﻔﺎوت اﻟﺸﻘﻖ ﻣﻦ ﺷﻘﻖ اﻷﺳﺘﺪﻳﻮ إﱃ اﻟﺒﻨﺘﻬﺎوس‪ .‬ﺑﺸﻜﻞ‬ ‫ﻋﺎم‪ ،‬ﻳﺰﻳﺪ اﻟﻄﻠﺐ ﻋﲆ ﺷﻘﻖ اﻟﻄﻮاﺑﻖ اﻟﻌﻠﻴﺎ ﺑﺴﺒﺐ إﻃﻼﻟﺘﻬﺎ اﻟﺮاﺋﻌﺔ‬ ‫ﻋﲆ اﻟﻮاﺟﻬﺔ اﻟﺒﺤﺮﻳﺔ‪ .‬ﺑﻌﺾ اﻷﺑﺮاج ﻟﺪﻳﻬﺎ ﻣﺼﺎﻋﺪ ﻋﺎﻟﻴﺔ اﻟﴪﻋﺔ‪،‬‬ ‫وأﻧﻈﻤﺔ اﻷﻣﻦ و ﻣﺮاﻛﺰ اﳌﺆمتﺮات اﻟﺨﺎﺻﺔ ﺑﻬﺎ‪ ،‬ﺑﺎﻹﺿﺎﻓﺔ إﱃ ﺣامم‬ ‫اﻟﺴﺒﺎﺣﺔ‪ ،‬ﺻﺎﻟﺔ اﻷﻟﻌﺎب اﻟﺮﻳﺎﺿﻴﺔ‪ ،‬ﻣﻮﻗﻒ ﺳﻴﺎرات ﺗﺤﺖ اﻷرض‬ ‫وﺧﺪﻣﺎت اﻻﺳﺘﻘﺒﺎل‪.‬‬ ‫اﳌﺼﺪر‪www.propertyfinder.ae :‬‬

‫‪Price range‬‬

‫‪Studio‬‬ ‫‪1 bed.‬‬ ‫‪2 bed.‬‬ ‫‪3 bed.‬‬ ‫‪4 bed.‬‬ ‫‪5 bed.‬‬ ‫‪8M‬‬

‫‪7M‬‬

‫‪6M‬‬

‫‪5M‬‬

‫‪4M‬‬

‫‪3M‬‬

‫‪2M‬‬

‫‪Price ranges by no. of bedrooms‬‬

‫‪www.valoran.ae‬‬

‫‪1M‬‬

‫‪0M‬‬


‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫ﺗﻄﻞ ﻋﲆ ﻣﺴﻄﺤﺎت ﻣﺎﺋﻴﺔ وﺑﻴﺌﺔ ﻃﺒﻴﻌﻴﺔ ﺧﻼﺑﺔ ﻛﺎﻣﻠﺔ ﺑﺎﻟﺤﺪاﺋﻖ‬ ‫اﳌﻮرﻗﺔ واﳌﻤﺮات اﳌﺎﺋﻴﺔ‪ ،‬مبﺎ ﰲ ذﻟﻚ أرﺑﻊ ﺑﺤريات اﺻﻄﻨﺎﻋﻴﺔ‪ ،‬أﺑﺮاج‬ ‫ﺑﺤرية اﻟﺠﻤرية‪ ،‬ﻫﻮ ﺗﻄﻮر اﻟﺘﻤﻠﻚ اﻟﺤﺮ ﻣﺘﻌﺪد اﻻﺳﺘﺨﺪاﻣﺎت ﻣﻦ ﻗﺒﻞ‬ ‫ﴍﻛﺔ ﻧﺨﻴﻞ ‪ -‬إﺣﺪى ﴍﻛﺎت اﻟﺘﻄﻮﻳﺮ اﻟﻌﻘﺎري اﻟﺮاﺋﺪة ﰲ ديب‪ .‬وﻳﺸﺘﻤﻞ‬ ‫اﳌﴩوع ﻋﲆ ﻣﺎ ﻣﺠﻤﻮﻋﻪ ‪ 87‬ﺑﺮﺟﺎً‪ ،‬ﺗﺸﻤﻞ اﻟﺸﻘﻖ اﻟﺴﻜﻨﻴﺔ وأﺑﺮاج‬ ‫اﳌﻜﺎﺗﺐ و اﻟﻔﻨﺎدق واﳌﺴﺎﺣﺎت اﻟﺘﺠﺎرﻳﺔ‪ 78 .‬ﻣﻦ اﻷﺑﺮاج ﻳﺘﻢ ﺑﻨﺎؤﻫﺎ ﰲ‬ ‫ﻣﺠﻤﻮﻋﺎت ﻣﻦ ﺛﻼﺛﺔ إﱃ ﺟﺎﻧﺐ اﻟﺤﺪاﺋﻖ و اﳌﻤﺮات اﳌﺎﺋﻴﺔ اﳌﺘﻌﺮﺟﺔ‪.‬‬ ‫ﺑﺎﻹﺿﺎﻓﺔ إﱃ ذﻟﻚ‪ ،‬ﺗﻮﺟﺪ ‪ 8‬أﺑﺮاج ﺟﺪﻳﺪة ﻋﲆ ﻣﻨﻄﻘﺔ ﺟﴪ ‪ JLT‬ﺗﻄﻞ‬ ‫ﻋﲆ ﺟﺰر اﻟﺠﻤرية‪.‬‬

‫اﳌﺎس اﻟﴩﻗﻴﺔ وﺑﺤرية اﳌﺎس اﻟﻐﺮﺑﻴﺔ‪ DMCC .‬ﻫﻲ ﺳﻠﻄﺔ اﻟﱰﺧﻴﺺ‬ ‫ﻟﻠﴩﻛﺎت اﻟﺘﻲ ﺗﺮﻏﺐ ﰲ اﻻﺳﺘﻔﺎدة ﻣﻦ اﻟﻌﻤﻞ ﰲ اﳌﻨﻄﻘﺔ اﻟﺤﺮة ﻣﻦ‬ ‫ﺧﻼل إﻧﺸﺎء ﻣﻜﺎﺗﺐ ﰲ أﺑﺮاج ﺑﺤرية اﻟﺠﻤرية‪ .‬ﻳﻮﺟﺪ ﰲ ﺑﺮج اﳌﺎس‬ ‫اﳌﻜﺎﺗﺐ واﳌﺴﺎﻛﻦ اﻟﺘﻲ ميﻠﻜﻬﺎ ﰲ اﻟﻐﺎﻟﺐ ﺗﺠﺎر وﻣﺼﻨﻌﻲ اﳌﺠﻮﻫﺮات‪.‬‬ ‫اﻟﻄﺎﺑﻖ اﻟﺴﻔﲇ ﻣﻦ اﻟﱪج ﺑﻪ ﻗﺒﻮ ﻣﻦ اﳌﺎس‪ .‬اﻷﺑﺮاج اﳌﺘﺒﻘﻴﺔ ﺗﺸﻜﻞ ‪26‬‬ ‫ﻣﺠﻤﻮﻋﺔ‪ ،‬ﺗﺴﻤﻰ ﺑﺄﺣﺮف ﻣﻦ اﻷﻟﻒ إﱃ اﻟﻴﺎء‪ ،‬ﻛﻞ ﻣﻨﻬﺎ ﻟﻪ ﻣﻨﻄﻘﺔ‬ ‫وﻗﻮف اﻟﺴﻴﺎرات اﻟﺨﺎﺻﺔ واﳌﺴﺎﺣﺎت اﻟﺘﺠﺎرﻳﺔ اﻟﺘﻲ ﺗﻄﻞ ﻋﲆ‬ ‫اﻟﺒﺤريات‪.‬‬

‫ﻳﺨﺘﻠﻒ ارﺗﻔﺎع اﻷﺑﺮاج‪ ،‬وﻳﱰاوح ﻣﺎ ﺑني ‪ 35-45‬ﻃﺎﺑﻘﺎً‪ .‬أﺑﺮاج اﳌﺎس‬ ‫اﳌﻬﻴﺒﺔ ذات ‪ 66‬ﻃﺎﺑﻖ‪ ،‬اﻟﺬي ﺗﻌﺪ اﳌﻘﺮ اﻟﺮﺋﻴﴘ ﳌﺮﻛﺰ ديب ﻟﻠﺴﻠﻊ‬ ‫اﳌﺘﻌﺪدة ) ‪ ،( DMCC‬ﺗﻘﻊ ﰲ ﻣﺮﻛﺰ اﳌﴩوع ﻋﲆ ﺟﺰﻳﺮة ﺑني ﺑﺤرية‬

‫‪9‬‬


‫‪-‬‬

‫‪2020‬‬ ‫دوﻟﺔ اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة ﺗﺤﺘﻞ ﻣﺮﺗﺒﺔ أﻋﲆ ﻣﻦ اﻟﺪول اﻷﺧﺮى‬ ‫اﻟﺬﻳﻦ ﻳﺰاﻳﺪون ﰲ ﻣﺰاد ﻣﻌﺮض اﻛﺴﺒﻮ اﻟﻌﺎﳌﻰ ﻋﺎم ‪ ،2020‬وﻓﻘﺎ ﳌﺆﴍ‬ ‫اﻟﺘﻨﺎﻓﺴﻴﺔ اﻟﻌﺎﳌﻴﺔ ﳌﻨﺘﺪى اﻹﻗﺘﺼﺎد اﻟﻌﺎﳌﻲ )‪ ،(WEF‬اﻟﺬي ﻳﻘﻴﻢ‬ ‫ﺳﻴﻨﺎرﻳﻮ إﻗﺘﺼﺎدﻳﺎت ‪ 148‬دوﻟﺔ ﰲ ﺟﻤﻴﻊ أﻧﺤﺎء اﻟﻌﺎمل‪.‬‬ ‫اﺣﺘﻠﺖ اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة اﳌﺮﺗﺒﺔ ‪ 19‬ﰲ اﻹﻧﺘﺎﺟﻴﺔ‪ ،‬ﻣﺨﱰﻗﺔ‬ ‫ﺣﺎﺟﺰ اﻟـ ‪ 20‬اﻷواﺋﻞ ﻟﻠﻤﺮة اﻷوﱃ )ﻛﺎﻧﺖ اﻟﻌﺎم اﳌﺎﴈ ﰲ اﳌﺮﺗﺒﺔ ‪.(24‬‬ ‫ﺗﻢ وﺿﻌﻬﺎ ﻗﺒﻞ اﳌﻨﺎﻓﺴني اﻵﺧﺮﻳﻦ ‪ -‬ﺗﺮﻛﻴﺎ )‪ ،(44‬اﻟﱪازﻳﻞ )‪ (56‬وروﺳﻴﺎ‬ ‫)‪ .(64‬ﺗﻔﻮﻗﺖ اﻟﺒﻼد أﻳﻀﺎ ﻋﲆ اﳌﻤﻠﻜﺔ اﻟﻌﺮﺑﻴﺔ اﻟﺴﻌﻮدﻳﺔ )ﰲ اﳌﺮﺗﺒﺔ‬ ‫‪ (20‬ﻟﻴﻜﻮن ﺛﺎين اﻹﻗﺘﺼﺎدﻳﺎت اﻷﻛرث ﺗﻨﺎﻓﺴﻴﺔ ﰲ اﳌﻨﻄﻘﺔ‪ ،‬ﺧﻠﻒ ﻗﻄﺮ‪،‬‬ ‫اﻟﺘﻲ إﺣﺘﻠﺖ اﳌﺮﺗﺒﺔ ‪.13‬‬ ‫ﺗﺤﺴﻦ ﺗﺮﺗﻴﺐ دوﻟﺔ اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة ﻳﺮﺟﻊ إﱃ ﺣﺪ ﻛﺒري إﱃ‬ ‫ﺑﻨﻴﺘﻬﺎ اﻟﺘﺤﺘﻴﺔ ﻋﺎﻟﻴﺔ اﻟﺠﻮدة‪) ،‬اﻟﺘﻲ إﺣﺘﻠﺖ ﻓﻴﻬﺎ اﳌﺮﺗﺒﺔ ‪ 5‬ﻋﺎﳌﻴﺎً(‬ ‫وﻛﻔﺎءة ﺳﻮق ﺳﻠﻌﻬﺎ )اﳌﺮﺗﺒﺔ ‪ .(4‬اﻟﻨﻘﺎط اﻷﺧﺮى اﻟﺘﻲ ﺗﻌﻤﻞ ﻟﺼﺎﻟﺢ‬ ‫اﻟﺒﻼد ﻫﻲ اﺳﺘﻘﺮارﻫﺎ اﻻﻗﺘﺼﺎدي اﻟﻜﲇ )اﳌﺮﺗﺒﺔ ‪ ،(7‬وﻛﻔﺎءة اﻟﺤﻜﻮﻣﺔ‬ ‫)‪ (9‬وﺛﻘﺔ اﻟﺠﻤﻬﻮر ﰲ اﻟﺴﻴﺎﺳﻴني )‪ .(3‬وأﺑﺮز اﻟﺘﻘﺮﻳﺮ أن دوﻟﺔ اﻹﻣﺎرات‬ ‫اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة ﺗﺤﺘﺎج إﱃ ﺗﻌﺰﻳﺰ ﻗﻄﺎﻋﻲ اﻟﺼﺤﺔ واﻟﺘﻌﻠﻴﻢ ﻣﻦ ﺧﻼل‬ ‫زﻳﺎدة اﻻﺳﺘﺜامرات‪.‬‬

‫‪www.valoran.ae‬‬


‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫ﻋﲆ اﻟﺮﻏﻢ ﻣﻦ اﻟﺠﻬﻮد اﻟﺘﻲ ﺗﺒﺬﻟﻬﺎ اﻟﺤﻜﻮﻣﺔ‪ ،‬ﻻ ﻳﺰال اﻟﻌﺪﻳﺪ ﻣﻦ‬ ‫اﻷﺟﺎﻧﺐ ﻳﻌﻴﺸﻮن ﰲ دوﻟﺔ اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة دون ﻋﺮﺿﺎ ﺟﺪﻳﺎً‬ ‫ﻟﻠﻌﻤﻞ ﻷﻧﻬﻢ ﻋﲆ ﺛﻘﺔ ﻣﻦ أﻧﻪ ﺳﻮف ﻳﻌﺮض ﻋﻠﻴﻬﻢ اﻟﻌﻤﻞ ﰲ ﻏﻀﻮن‬ ‫أﺳﺎﺑﻴﻊ‪ .‬اﳌﻐﱰﺑﻮن‪ ،‬اﻟﺬﻳﻦ ﻫﻢ ﺑﺎﻟﻔﻌﻞ ﰲ اﻟﺒﻼد‪ ،‬ﻳﺘﻤﺘﻌﻮن مبﻴﺰة‪ ،‬ﻃﺎﳌﺎ‬ ‫ﺗﻮاﻓﺮت ﻟﺪﻳﻬﻢ اﳌﻬﺎرات واﻟﺨﱪة اﻟﻼزﻣﺔ‪ .‬أرﺑﺎب اﻟﻌﻤﻞ ﻳﻔﻀﻠﻮن‬ ‫ﺗﻮﻇﻴﻒ أوﻟﺌﻚ اﻟﺬﻳﻦ ﻟﺪﻳﻬﻢ ﻣﻌﺮﻓﺔ ﺣﻮل أﺳﻮاق اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ‬ ‫اﳌﺘﺤﺪة وﻓﻬﻢ اﻟﺜﻘﺎﻓﺔ اﳌﺤﻠﻴﺔ‪.‬‬

‫ﰲ ﻣﺆمتﺮ اﻹﻣﺎرات اﻟﺮاﺑﻊ ﻟﻠﻤﺆﺳﺴﺎت اﻟﺼﻐرية واﳌﺘﻮﺳﻄﺔ واﻻﺑﺘﻜﺎر‪،‬‬ ‫وﺣﴬه ﻣﻤﺜﻠﻮا ﺑﻠﺪان ﻋﺪة‪ ،‬مبﺎ ﰲ ذﻟﻚ اﻟﺴﻮﻳﺪ واﻳﻄﺎﻟﻴﺎ وﻛﻨﺪا‬ ‫وﺟﻤﻬﻮرﻳﺔ ﻛﻮرﻳﺎ وﻗﺎﻟﻮاأﻧﻬﻢ مل ﻳﻜﻮﻧﻮا ﻳﺒﺤﺜﻮن ﻓﻘﻂ ﻋﻦ ﻣﺸﺎرﻛﺔ‬ ‫أﻓﻀﻞ اﳌامرﺳﺎت ﻣﻊ اﻟﴩﻛﺎت اﻟﺼﻐرية واﳌﺘﻮﺳﻄﺔ ﰲ اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ‬ ‫اﳌﺘﺤﺪة‪ ،‬وﻟﻜﻦ أﻳﻀﺎ ﻋﲆ أﻣﻞ أن ﻳﺘﻌﻠﻤﻮا ﻣﻦ ﻧﺠﺎح اﻟﺒﻼد‪ ،‬وﻻ ﺳﻴام ﰲ‬ ‫ﺟﺬب اﻻﺳﺘﺜامرات‪ .‬ورأى اﳌﺸﺎرﻛﻮن أن ﻣﺜﻞ ﻫﺬه اﻟﺮواﺑﻂ ﻣﻦ ﺷﺄﻧﻬﺎ‬ ‫أن ﺗﺴﺎﻋﺪ ﰲ ﺗﺸﺠﻴﻊ اﻻﺑﺘﻜﺎر ﰲ ﻗﻄﺎع اﳌﺸﺎرﻳﻊ اﳌﺤﻠﻴﺔ اﻟﺼﻐرية‬ ‫واﳌﺘﻮﺳﻄﺔ‪.‬‬

‫أﻋﻠﻨﺖ ديب وورﻟﺪ ﺳﻨﱰال أن ﺑﻨﺎء ﻣﺤﻄﺔ ﺣﺎوﻳﺎت ﺟﺪﻳﺪة ﻟﴩﻛﺔ‬ ‫اﻹﻣﺎرات ﻟﻠﺸﺤﻦ اﻟﺠﻮي ﰲ ﻣﻄﺎر آل ﻣﻜﺘﻮم اﻟﺪوﱄ ﻳﺴري ﺣﺴﺐ‬ ‫اﻟﺠﺪاول اﻟﺰﻣﻨﻴﺔ اﳌﻘﺪرة‪ .‬وﺳﻮف ﻳﺘﻢ اﻻﻧﺘﻬﺎء ﻣﻦ اﳌﺮﺣﻠﺔ اﻷوﱃ ﻣﻦ‬ ‫اﻟﺒﻨﺎء ﰲ دﻳﺴﻤﱪ ﻣﻦ ﻫﺬا اﻟﻌﺎم‪ .‬ﺑﻌﺪ ﻫﺬا‪ ،‬ﰲ أﺑﺮﻳﻞ ‪ ،2014‬ﺳﻮف ﻳﺘﻢ‬ ‫ﺗﺮﻛﻴﺐ ﻧﻈﺎم ﻣﻨﺎوﻟﺔ اﻟﺒﻀﺎﺋﻊ وﺳﻮف ﻳﺒﺪأ اﻟﻌﻤﻞ ﻋﲆ اﻟﺘﺼﻤﻴامت‬ ‫اﻟﺪاﺧﻠﻴﺔ‪ .‬وﺳﻴﺘﻢ اﻻﻧﺘﻬﺎء ﻣﻦ اﳌﺤﻄﺔ ﺑﺸﻜﻞ ﻛﺎﻣﻞ ﺑﺤﻠﻮل ﻣﻨﺘﺼﻒ‬ ‫ﺳﺒﺘﻤﱪ اﳌﻘﺒﻞ‪.‬‬ ‫ومبﺠﺮد اﻻﻧﺘﻬﺎء‪ ،‬ﺳﻴﻜﻮن ﻟﺪى اﳌﺤﻄﺔ اﻟﻘﺪرة ﻋﲆ اﻟﺘﻌﺎﻣﻞ ﻣﻊ‬ ‫‪ 700،000‬ﻃﻦ ﻣﻦ اﻟﺒﻀﺎﺋﻊ‪ ،‬ﻣﻊ ﺗﻮﻓري ﻣﺰﻳﺪ ﻣﻦ اﻟﺘﻮﺳﻊ ﻟـ ‪300،000‬‬ ‫ﻃﻦ ﰲ اﳌﺮﺣﻠﺔ اﻟﺜﺎﻧﻴﺔ‪ .‬ﻋﻨﺪ اﻻﻧﺘﻬﺎء ﻣﻦ ﺑﻨﺎء اﳌﺤﻄﺔ اﻟﺠﺪﻳﺪة ﺳﺘﻜﻮن‬ ‫ﻣﺤﻄﺔ ﺣﺪﻳﺜﺔ وﻓﻌﺎﻟﺔ ﻣﻦ ﺷﺄﻧﻬﺎ أن ﺗﻜﻮن ﻣﺠﻬﺰة ﺑﺎﻟﺒﻨﻴﺔ اﻟﺘﺤﺘﻴﺔ‬ ‫واﳌﺮاﻓﻖ ذات اﳌﺴﺘﻮى اﻟﻌﺎﳌﻲ ﻟﺠﻌﻠﻬﺎ ﻣﺮﻛﺰا ﻋﺎﳌﻴﺎً راﺋﺪا ً ﻟﻠﺒﻀﺎﺋﻊ‪.‬‬

‫وﻗﺎل ﻣﺘﺤﺪﺛﺎ ﰲ ﻫﺬا اﻟﺤﺪث وزﻳﺮ اﻻﻗﺘﺼﺎد ﺳﻠﻄﺎن ﺑﻦ ﺳﻌﻴﺪ‬ ‫اﳌﻨﺼﻮري أﻧﻪ واﺛﻖ ﻣﻦ أن ﻗﻄﺎع اﻟﴩﻛﺎت اﻟﺼﻐرية واﳌﺘﻮﺳﻄﺔ ﻣﻦ‬ ‫ﺷﺄﻧﻪ أن ﻳﺴﻬﻢ أﻛرث ﰲ إﺟامﱄ اﻟﻨﺎﺗﺞ اﳌﺤﲇ ﻟﺪوﻟﺔ اﻻﻣﺎرات ﻣﻊ ﺗﻨﻔﻴﺬ‬ ‫ﻗﺎﻧﻮن اﳌﺸﺎرﻳﻊ اﻟﺼﻐرية واﳌﺘﻮﺳﻄﺔ‪ ،‬اﻟﺬي متﺖ اﳌﻮاﻓﻘﺔ ﻋﻠﻴﻪ ﻣﺆﺧﺮا ً‬ ‫ﻣﻦ ﻗﺒﻞ ﻣﺠﻠﺲ اﻟﻮزراء واﳌﺠﻠﺲ اﻟﻮﻃﻨﻲ اﻻﺗﺤﺎدي‪.‬‬ ‫ﰲ اﻟﻮﻗﺖ اﻟﺤﺎﴐ‪ ،‬ﻫﻨﺎك ﻣﺎ ﻳﻘﺮب ﻣﻦ ‪ 230،000‬ﻣﻦ اﻟﴩﻛﺎت اﻟﺼﻐرية‬ ‫واﳌﺘﻮﺳﻄﺔ ﰲ دوﻟﺔ اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة‪ ،‬واﻟﺘﻲ ﺗﻠﻌﺐ دورا ً ﻫﺎﻣﺎً‬ ‫ﻣﻦ ﺧﻼل اﳌﺴﺎﻫﻤﺔ ﰲ ﻣﺎ ﻳﻘﺮب ﻣﻦ ‪ 60‬ﰲ اﳌﺎﺋﺔ ﻣﻦ اﻟﻨﺎﺗﺞ اﳌﺤﲇ‬ ‫اﻹﺟامﱄ‪ .‬ﻛام أﻧﻬﻢ ميﺜﻠﻮن أﻳﻀﺎً ﺟﺰءا ً ﻛﺒريا ً ﻣﻦ اﻟﺴﻜﺎن اﻟﻌﺎﻣﻠني ﰲ‬ ‫اﻟﺒﻼد وﻫﻢ ﺟﺰء ﻣﻦ اﺳﱰاﺗﻴﺠﻴﺔ اﻟﺘﺤﻮل ﻧﺤﻮ اﻗﺘﺼﺎد ﻗﺎﺋﻢ ﻋﲆ اﳌﻌﺮﻓﺔ‪.‬‬ ‫وﻣﻦ اﳌﺘﻮﻗﻊ أن ﻳﻌﻤﻞ ﻗﺎﻧﻮن اﳌﺸﺎرﻳﻊ اﻟﺼﻐرية واﳌﺘﻮﺳﻄﺔ اﻟﺠﺪﻳﺪ‬ ‫ﻋﲆ ﺗﺸﺠﻴﻊ اﳌﺰﻳﺪ ﻣﻦ اﻟﻨﺎس ﻋﲆ ﺑﺪء أﻋامﻟﻬﻢ اﻟﺘﺠﺎرﻳﺔ‪ ،‬وأﻧﻪ ﻳﺘﻀﻤﻦ‬ ‫ﺣﻜامً ﺳﻮف ﻳﺘﻄﻠﺐ ﻣﻦ اﳌﺆﺳﺴﺎت اﻟﺤﻜﻮﻣﻴﺔ ﺗﺸﺠﻴﻊ منﻮ اﻟﻘﻄﺎع ﻋﻦ‬ ‫ﻃﺮﻳﻖ ﴍاء ‪ 10‬ﰲ اﳌﺎﺋﺔ ﻋﲆ اﻷﻗﻞ ﻣﻦ اﺣﺘﻴﺎﺟﺎﺗﻬﺎ ﻣﻦ اﻟﴩﻛﺎت‬ ‫اﻟﺼﻐرية واﳌﺘﻮﺳﻄﺔ‪.‬‬

‫‪7‬‬


‫‪-‬‬

‫ﻟﻠﺠﻠﺴﺔ اﻟﺜﺎﻟﺜﺔ ﻋﲆ اﻟﺘﻮاﱄ‪ ،‬ﺳﺠﻞ ﻣﺆﴍ ديب اﻟﻘﻴﺎﳼ أرﻗﺎم إﻏﻼق‬ ‫أﻋﲆ وأﺣﺠﺎم ﺗﺪاول أﻛﱪ‪ ،‬ﺑﻴﻨام ارﺗﻔﻌﺖ أﺳﻌﺎر اﻷﺳﻬﻢ ﰲ ﺟﻤﻴﻊ أﻧﺤﺎء‬ ‫اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة‪ .‬ﺳﺠﻞ اﳌﺆﴍ اﻟﻌﺎم ﻟﺴﻮق ديب اﳌﺎﱄ ارﺗﻔﺎﻋﺎ‬ ‫ﺑﻨﺴﺒﺔ ‪ 1.04‬ﰲ اﳌﺎﺋﺔ وأﻏﻠﻖ ﻋﻨﺪ ﻣﺴﺘﻮى ‪ ،2709.36‬وﻳﺮﺟﻊ ذﻟﻚ‬ ‫أﺳﺎﺳﺎ إﱃ اﳌﻀﺎرﺑﺔ ﰲ ﺑﻌﺾ اﻷﺳﻬﻢ ﻣﺜﻞ ﴍﻛﺔ اﻟﺨﻠﻴﺞ ﻟﻠﻤﻼﺣﺔ‪ .‬أدى‬ ‫إﻋﻼن اﻟﴩﻛﺔ ﻳﻮم اﻻﺛﻨني إﱃ اﻧﻬﺎ ﺳﻮف ﺗﺮﻛﺰ ﻋﲆ ﻋﻤﻠﻴﺎﺗﻬﺎ ﻟﻨﻘﻞ اﳌﻮاد‬ ‫اﻟﻜﻴاموﻳﺔ وﺑﻴﻊ أﺳﻄﻮﻟﻬﺎ ﻟﻨﻘﻞ اﻟﻨﻔﻂ اﻟﺨﺎم ﺑﻌﺪ اﻻﺳﺘﻴﻼء ﻋﲆ واﺣﺪة‬ ‫ﻣﻦ اﻟﺴﻔﻦ ﰲ ﻫﻮﻟﻨﺪا ﻣام ﻧﺘﺞ ﻋﻨﻪ ‪ 10.06‬ﰲ اﳌﺎﺋﺔ ﻣﻦ أﺳﻌﺎر أﺳﻬﻤﻬﺎ‪.‬‬ ‫ﺷﻤﻠﺖ اﻷﺳﻬﻢ اﻷﺧﺮى اﻟﺘﻲ متﺜﻞ أﻋﲆ ﻗﻴﻤﺔ ﺗﺪاول ﴍﻛﺔ اﻻﺗﺤﺎد‬ ‫اﻟﻌﻘﺎرﻳﺔ )وﺻﻠﺖ إﱃ ‪ 0.66‬ﰲ اﳌﺎﺋﺔ(‪ ،‬ﺳﻬﻢ أراﺑﺘﻚ )ارﺗﻔﻊ ‪ 2.01‬ﰲ‬ ‫اﳌﺎﺋﺔ(‪ ،‬وﺑﻨﻚ ديب اﻹﺳﻼﻣﻲ )ارﺗﻔﻊ ‪ 2.42‬ﰲ اﳌﺎﺋﺔ(‪ .‬وﻛﺎن ﻣﻦ ﺑني‬ ‫اﻟﺨﺎﴎﻳﻦ ﴍﻛﺔ دﻳﺎر ﻟﻠﺘﻄﻮﻳﺮ )إﻧﺨﻔﺾ ‪ 3.57‬ﰲ اﳌﺎﺋﺔ(‪ ،‬ﴍﻛﺔ ﺗﱪﻳﺪ‬ ‫)إﻧﺨﻔﺾ‪ 1.23‬ﰲ اﳌﺎﺋﺔ(‪ ،‬ﺑﻨﻚ ديب اﻟﻮﻃﻨﻲ اﻹﻣﺎرايت )اﻧﺨﻔﺾ ‪ 0.19‬ﰲ‬ ‫اﳌﺎﺋﺔ(‪ .‬ارﺗﻔﻊ إﺟامﱄ ﺣﺠﻢ اﻟﺘﺪاول إﱃ ‪ 1.49‬ﻣﻠﻴﺎر ﺳﻬﻢ‪ ،‬ﻣﻘﺎرﻧﺔ ﺑـ‬ ‫‪ 842,78‬ﻣﻠﻴﻮن‪ -‬ﻋﻨﺪ إﻏﻼق اﳌﺆﴍ ﻳﻮم اﻻﺣﺪ‪ .‬ﻣﻦ اﻷﺳﻬﻢ اﻟـ ‪ 32‬اﻟﺘﻲ‬ ‫ﺗﻢ ﺗﺪاوﻟﻬﺎ ﰲ اﻟﺒﻮرﺻﺔ‪ ،‬ارﺗﻔﻌﺖ ‪ ،16‬ومل ﺗﺴﺠﻞ ﺳﺘﺔ ﻣﻨﻬﺎ أي ﺗﻐﻴري‬ ‫وإﻧﺨﻔﻀﺖ ‪`.10‬‬ ‫‪www.valoran.ae‬‬

‫ﰲ أﺑﻮﻇﺒﻲ أﻳﻀﺎً‪ ،‬إرﺗﻔﻊ اﳌﺆﴍ اﻟﻌﺎم ﻟﺘﺪاول اﻻوراق اﳌﺎﻟﻴﺔ ﺑﻨﺴﺒﺔ‬ ‫‪ 0.19‬ﰲ اﳌﺎﺋﺔ إﱃ ‪ .3816.40‬و ﻗﺪ ﺗﻢ ﺗﺪاول ﺳﺒﻌﺔ وﻋﴩﻳﻦ ﺳﻬامً‪،‬‬ ‫اﻧﺨﻔﺾ ﻣﻨﻬﺎ ‪ ،10‬وﺑﻘﻴﺖ ‪ 10‬أﺧﺮى ﻋﲆ ﺣﺎﻟﻬﺎ وﺳﺠﻠﺖ ﺳﺒﻌﺔ ﻣﻨﻬﺎ‬ ‫إرﺗﻔﺎﻋﺎً‪ .‬ﻛﺎن اﻟﺴﻬﻢ اﻷﻛرث ﺗﺪاوﻻ ﰲ أﺑﻮﻇﺒﻲ ﻫﻮ ﺳﻬﻢ رأس اﻟﺨﻴﻤﺔ‬ ‫اﻟﻌﻘﺎرﻳﺔ اﻟﺬي ارﺗﻔﻊ ﺑﻨﺴﺒﺔ ‪ 2.94‬ﰲ اﳌﺎﺋﺔ ﻟﻴﻐﻠﻖ ﻋﻨﺪ ‪ 0.70‬درﻫﻢ‬ ‫وﻣﻦ ﺑني اﻻﺳﻬﻢ اﻟﺮاﺑﺤﺔ ﺑﻨﻚ أﺑﻮﻇﺒﻲ اﻟﻮﻃﻨﻲ )‪ 2.40‬ﰲ اﳌﺎﺋﺔ إﱃ‬ ‫‪ 12.80‬درﻫﻢ( وﴍﻛﺔ داﻧﺔ ﻏﺎز )‪ 1.59‬ﰲ اﳌﺎﺋﺔ إﱃ ‪ 0.64‬درﻫﻢ(‬

‫ﻳﺴﺘﻤﺮ أرﺑﺎب اﻷﻋامل ﰲ اﻹﻣﺎرات ﰲ اﻟﻨﻈﺮ إﱃ اﳌﻐﱰﺑني ﳌﻞء اﻟﻮﻇﺎﺋﻒ‬ ‫اﻟﺸﺎﻏﺮة‪ ،‬ﻋﲆ اﻟﺮﻏﻢ ﻣﻦ اﻟﺠﻬﻮد اﻟﺘﻲ ﺗﺒﺬﻟﻬﺎ اﻟﺤﻜﻮﻣﺔ اﻻﺗﺤﺎدﻳﺔ‬ ‫ﻟﺘﺸﺠﻴﻊ اﻟﺘﻮﻇﻴﻒ اﳌﺤﲇ‪ .‬أﺷﺎرت ﻧﺘﺎﺋﺞ دراﺳﺔ ﻣﺴﺘﻘﻠﺔ أﺟﺮﻳﺖ ﰲ‬ ‫ﻳﻮﻧﻴﻮ ‪ 2013‬واﻟﺘﻲ ﺗﺠﻤﻊ ‪ 75‬ﻣﻦ اﻻدارات اﳌﺎﻟﻴﺔ واﳌﺪراء اﳌﺎﻟﻴني إﱃ‬ ‫أن اﳌﻨﻈامت ﺗﺴﺘﻤﺮ ﰲ اﻻﻋﺘامد ﻋﲆ ﺗﻮﻇﻴﻒ اﳌﻐﱰﺑني ﻛﺈﺳﱰاﺗﻴﺠﻴﺔ‬ ‫ﻟﻬﺎ‪.‬‬ ‫أﻋﻠﻨﺖ اﻟﺤﻜﻮﻣﺔ ﻋﺎم ‪ 2013‬ﺑﺄﻧﻪ "ﻋﺎم اﻟﺘﻮﻃني"‪ ،‬وﻗﺪ ﺗﻢ اﻟﱰﻛﻴﺰ ﻋﲆ‬ ‫ﺧﻠﻖ ﻓﺮص ﻋﻤﻞ ﳌﻮاﻃﻨﻲ دوﻟﺔ اﻹﻣﺎرات‪ .‬وﺗﺄيت ﻏﺎﻟﺒﻴﺔ اﻟﺘﻌﻴﻴﻨﺎت‬ ‫اﻹﻣﺎراﺗﻴﺔ ﺣﺘﻰ اﻵن ﻣﻦ أﺑﻮﻇﺒﻲ‪ ،‬ﻣﻊ اﻟﻌﺪﻳﺪ ﻣﻦ اﳌﻨﺎﺻﺐ اﻟﺤﻜﻮﻣﻴﺔ‬ ‫وﺷﺒﻪ اﻟﺤﻜﻮﻣﻴﺔ اﻟﺘﻲ ﻳﺸﻐﻠﻬﺎ ﻣﻮاﻃﻨﻮا اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة‪.‬‬


‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫΃ ‪ ͧ ʘʙ9` zf%e ʙzT le z pk` a$0˯ WʙEj‬أﺻﺪرت‬ ‫اﻟﺸﻴﺦ اﻟﻘﺎﺑﻀﺔ اﳌﺠﻤﻮﻋﺔ اﻻﺧرية ﻣﻦ اﻟﻔﻴﻼت ﺿﻤﻦ ﻣﴩوع ﻣﺤﻤﻴﺔ‬ ‫اﻟﺸﻼﻻت ﺣﻮل ﺟﻤرية اﻟﻐﻮﻟﻒ‪ .‬أﺳﻌﺎر اﻟﻔﻴﻼت ﰲ ﻫﺬه اﳌﺮﺣﻠﺔ ﺗﱰاوح‬ ‫ﺑني ‪ 8.9‬ﻣﻠﻴﻮن درﻫﻢ و ‪ 22‬ﻣﻠﻴﻮن درﻫﻢ‪ ،‬ﻣﻊ ‪ 40‬ﰲ اﳌﺎﺋﺔ ﺗﺪﻓﻊ ﰲ‬ ‫ﻣﺮﺣﻠﺔ اﻟﺒﻨﺎء واﻟﺒﺎﻗﻲ ‪ 60‬ﰲ اﳌﺎﺋﺔ ﻋﻨﺪ اﻻﻧﺘﻬﺎء‪.‬‬ ‫΃ أﺑﻮﻇﺒﻲ ﺑﻠﻮوم اﻟﻌﻘﺎرﻳﺔ و آل ﺣﻨﻈﻞ ديب ﻟﺘﻄﻮﻳﺮ ﻣﺪﻳﻨﺔ اﳌﺴﺘﻘﺒﻞ‬ ‫ﰲ ﺑﻐﺪاد‪ ،‬اﻟﻌﺮاق‪ :‬وﻗﻊ إﺛﻨﺎن ﻣﻦ ﻣﻄﻮري اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ اﳌﺘﺤﺪة‬ ‫ﻋﻘﺪا ﻣﻊ اﻟﻬﻴﺌﺔ اﻟﻮﻃﻨﻴﺔ ﻟﻼﺳﺘﺜامر اﻟﻌﺮاﻗﻴﺔ ﻟﻼﺿﻄﻼع ﺑﺘﻄﻮﻳﺮ ‪30،000‬‬ ‫وﺣﺪة ﺳﻜﻨﻴﺔ ﻋﲆ أﻛرث ﻣﻦ ﺧﻤﺴﺔ ﻣﻼﻳني ﻣﱰ ﻣﺮﺑﻊ ﰲ ﺿﻮاﺣﻲ‬ ‫اﻟﻌﺎﺻﻤﺔ اﻟﻌﺮاﻗﻴﺔ‪ .‬وﺳﻮف ﻳﺸﻤﻞ اﳌﴩوع اﳌﻨﺎزل واﻟﻔﻴﻼت واﳌﺤﺎل‬ ‫اﻟﺘﺠﺎرﻳﺔ واﳌﺪارس واﳌﻜﺎﺗﺐ اﻟﺒﻠﺪﻳﺔ واﳌﺴﺎﺟﺪ‪ ،‬ﻣﻦ ﺑني أﻣﻮر أﺧﺮى‪.‬‬

‫΃ ‪ SKAI‬اﻟﻘﺎﺑﻀﺔ ﺗﺴﺠﻞ ‪ 98‬ﰲ اﳌﺎﺋﺔ ﰲ ﻣﺒﻴﻌﺎت ﻓﻴﴪوي ديب ﺑﺎمل‬ ‫ﺟﻤرية‪ :‬ﻣﴩوع ﺑﺘﻜﻠﻔﺔ ‪ 3.67‬ﻣﻠﻴﺎر درﻫﻢ‪ ،‬ﺑﺎﻋﺖ ﴍﻛﺔ ﻋﻘﺎرﻳﺔ ﻣﻘﺮﻫﺎ‬ ‫ديب وﺣﺪات ﺑﻘﻴﻤﺔ ‪ 2.4‬ﻣﻠﻴﺎر درﻫﻢ‪ ،‬واﻟﺬي ﻳﺼﻞ إﱃ ‪ 470‬ﻏﺮﻓﺔ وﺷﻘﺔ‬ ‫ﻓﻨﺪﻗﻴﺔ و ‪ 219‬ﻓﻴﻼ وﺷﻘﺔ ﺳﻜﻨﻴﺔ‪.‬‬ ‫΃ ‪ (DMCC͹ +,M ˯ Na5a` ɯ+ 2\0e‬ﻳﻌﻠﻦ ﻋﻦ ﺑﺮج ﻣﻜﺘﺒﻲ"‪JLT‬‬ ‫واﺣﺪ"‪ :‬أﻋﻠﻨﺖ ديب ﻟﻠﺴﻠﻊ اﳌﺘﻌﺪدة ﺧﻄﺘﻬﺎ ﻟﺒﻨﺎء أﻃﻮل ﺑﺮج ﺗﺠﺎري ﰲ‬ ‫اﻟﻌﺎمل‪" .‬ﺑﺮج ﺑﺤرية اﻟﺠﻤرية واﺣﺪ" اﻟﺬي ﺳﻮف ﻳﻜﻮن ﻋﲆ منﻂ‬ ‫اﻟﺼﻨﺪوق اﻟﺰﺟﺎﺟﻲ واﻟﺬي ﻣﻦ ﺷﺄﻧﻪ ﺗﻠﺒﻴﺔ اﻟﻄﻠﺐ اﳌﺘﻮﻗﻊ ﻣﻦ‬ ‫اﻟﴩﻛﺎت اﻹﻗﻠﻴﻤﻴﺔ وﻣﺘﻌﺪدة اﻟﺠﻨﺴﻴﺎت اﻟﺘﻲ ﺗﺒﺤﺚ ﻋﻦ إﻧﺸﺎء‬ ‫ﻣﻜﺎﺗﺐ ﰲ ديب ﻟﻠﻮﺻﻮل إﱃ أﺳﻮاق ﺟﺪﻳﺪة‪.‬‬

‫‪Market Trend‬‬ ‫]‪Rent Price [USD/SQM‬‬

‫‪2012‬‬

‫‪2010‬‬

‫‪t %VCBJ t "CV %IBCJ‬‬ ‫‪SFJEJO DPN‬‬

‫]‪Sales Price [USD/SQM‬‬

‫‪40‬‬

‫‪7500‬‬

‫‪30‬‬

‫‪5000‬‬

‫‪20‬‬

‫‪2500‬‬

‫‪10‬‬

‫‪2010‬‬

‫‪2005‬‬

‫‪0‬‬

‫‪t %VCBJ t "CV %IBCJ‬‬ ‫‪"VH "CV %IBCJ o 64% 42.‬‬

‫‪5‬‬


‫‪-‬‬

‫إرﺗﻔﻌﺖ إﻳﺠﺎرات اﳌﺴﺎﺣﺎت اﻟﺘﺠﺎرﻳﺔ ﰲ ﻣﺮاﻛﺰ اﻟﺘﺴﻮق اﻟﺮاﻗﻴﺔ ﰲ ديب‬ ‫ﺑﻨﺴﺒﺔ ‪ 5-6‬ﰲ اﳌﺎﺋﺔ ﰲ اﻟﺮﺑﻊ اﻟﺜﺎين ﻣﻦ ﻫﺬا اﻟﻌﺎم‪ .‬ﻋﲆ ﻣﺪى اﻷرﺑﻌﺔ‬ ‫أو اﻟﺨﻤﺴﺔ أرﺑﺎع اﳌﺎﺿﻴﺔ‪ ،‬إرﺗﻔﻌﺖ اﻹﻳﺠﺎرات ﰲ ﻣﺮاﻛﺰ اﻟﺘﺴﻮق‬ ‫اﻟﺮﺋﻴﺴﻴﺔ ﺑﻨﺤﻮ ‪ 10‬ﰲ اﳌﺎﺋﺔ‪ .‬ﻛام ﺗﺴﺠﻞ ﻣﺮاﻛﺰ اﻟﺘﺴﻮق اﻟﺮﺋﻴﺴﻴﺔ ارﺗﻔﺎع‬ ‫ﰲ ﻣﻌﺪﻻت اﻹﺷﻐﺎل ﻳﱰاوح ﺑني ‪ 90‬إﱃ ‪ 100‬ﰲ اﳌﺎﺋﺔ‪ ،‬وﻳﻜﻮن اﳌﻌﺮوض‬ ‫ﻣﻨﻬﺎ ﻣﺤﺪودا ً ﻟﻠﻐﺎﻳﺔ‪ ،‬واﻟﺬي ﻳﺪﻓﻊ اﻹﻳﺠﺎرات إﱃ اﻹرﺗﻔﺎع‪ ،‬ﻧﺘﻴﺠﺔ‬ ‫ﻟﺬﻟﻚ‪ .‬ﻳﺘﻢ إﺿﺎﻓﺔ اﻟﻌﺪﻳﺪ ﻣﻦ ﻣﺮاﻛﺰ اﻟﺘﺴﻮق اﻟﺠﺪﻳﺪة إﱃ ﺳﻮق‬ ‫اﳌﺴﺎﺣﺎت اﻟﺘﺠﺎرﻳﺔ ﰲ ديب واﻟﺘﻲ ﻳﻌﺪ ﻣﻦ أﻛﱪﻫﺎ ﻣﺮﻛﺰ اﻟﻐﺮﻳﺮ ﰲ دﻳﺮة‬ ‫وأﻓﻴﻨﻴﻮ ﻋﲆ ﺷﺎرع اﻟﻮﺻﻞ‪ .‬وﻳﺘﻮﻗﻊ أن ﺗﺤﻘﻖ اﳌﺮاﻛﺰ اﻟﺘﺠﺎرﻳﺔ اﻟﺠﺪﻳﺪة‬ ‫ﻣﺴﺎﺣﺔ إﺟامﻟﻴﺔ ﺗﺒﻠﻎ ‪ 48،000‬ﻣﱰ ﻣﺮﺑﻊ ﻫﺬا اﻟﻌﺎم و‪ 144،000‬ﰲ ﻋﺎم‬ ‫‪ ،2014‬وﻓﻘﺎً ﻟﺒﻴﺎﻧﺎت ﺟﻮﻧﺰ ﻻﻧﻎ ﻻﺳﺎل‪ .‬وﻣﻊ ذﻟﻚ‪ ،‬ﻳﺮى اﻟﺨﱪاء أن‬ ‫اﻟﺰﻳﺎدة ﰲ اﳌﻌﺮوض ﻟﻦ ﺗﻮﻗﻒ إرﺗﻔﺎع اﻹﻳﺠﺎرات ﰲ ﻣﺮاﻛﺰ اﻟﺘﺴﻮق‬ ‫اﻟﺮﺋﻴﺴﻴﺔ‪.‬‬ ‫وﻓﻘﺎ ﻟﺘﻘﺮﻳﺮ ﳼ يب رﻳﺘﺸﺎرد إﻟﻴﺲ‪ ،‬ﻣﻮاﻗﻊ اﳌﺴﺎﺣﺎت اﻟﺘﺠﺎرﻳﺔ اﻟﺮﺋﻴﺴﻴﺔ‬ ‫ﰲ ديب ﺣﻘﻘﺖ إﻳﺠﺎرا ً ﻣﺘﻮﺳﻄﻪ ‪ 114‬دوﻻرا ﻟﻠﻘﺪم اﳌﺮﺑﻌﺔ ﺳﻨﻮﻳﺎ ﺧﻼل‬ ‫اﻟﺮﺑﻊ اﻟﺜﺎين ﻣﻦ ﻫﺬا اﻟﻌﺎم‪ .‬وﻛﺎﻧﺖ اﻹﻳﺠﺎرات ﳌﻮاﻗﻊ ﻣامﺛﻠﺔ ﰲ أﺑﻮﻇﺒﻲ‬ ‫ﺗﺤﻘﻖ ‪ 71‬دوﻻرا ﻟﻠﻘﺪم اﳌﺮﺑﻊ اﻟﻮاﺣﺪ ﺳﻨﻮﻳﺎ‪.‬‬ ‫اﻹﻳﺠﺎرات ﰲ ﻣﺮاﻛﺰ اﻟﺘﺴﻮق اﻟﺜﺎﻧﻮﻳﺔ ﰲ ديب‪ ،‬مبﺎ ﰲ ذﻟﻚ اﺑﻦ ﺑﻄﻮﻃﺔ‪،‬‬ ‫وﻣﺮﻛﺰ اﻟﻐﺮﻳﺮ‪ ،‬اﻧﺨﻔﻀﺖ ﺑﻨﺴﺒﺔ ‪ 7.5‬ﰲ اﳌﺎﺋﺔ ﰲ اﻟﺮﺑﻊ اﻟﺜﺎين ﻣﻦ اﻟﻌﺎم‪،‬‬ ‫ﻟﺘﺼﻞ إﱃ ‪ 1,722‬درﻫﻢ ﻟﻠﻤﱰ اﳌﺮﺑﻊ اﻟﻮاﺣﺪ ﻣﻦ ‪ 1,862‬درﻫﻢ ﻟﻠﻤﱰ‬ ‫اﳌﺮﺑﻊ اﻟﻮاﺣﺪ ﰲ اﻟﺮﺑﻊ اﻟﺮاﺑﻊ ﻣﻦ ﻋﺎم ‪ .2012‬ﻋﲆ ﻣﺪى اﻟﺴﻨﻮات‬

‫اﻟﺨﻤﺲ اﳌﺎﺿﻴﺔ‪ ،‬إﻧﺘﻘﻠﺖ اﻟﻌﺪﻳﺪ ﻣﻦ اﻟﻌﻼﻣﺎت اﻟﺘﺠﺎرﻳﺔ اﻟﺮاﻗﻴﺔ ﻣﻦ‬ ‫ﻣﺮاﻛﺰ اﻟﺘﺴﻮق اﻟﺜﺎﻧﻮﻳﺔ إﱃ ﻣﻮاﻗﻊ رﺋﻴﺴﻴﺔ‪ ،‬ﺣﻴﺚ ﺗﺰﻳﺪ إﺣﺘامﻻت‬ ‫اﳌﺒﻴﻌﺎت وﻳﺮﺗﻔﻊ أﻋﺪاد اﻟﺰاﺋﺮﻳﻦ‪ .‬وﻧﺘﻴﺠﺔ ﻟﺬﻟﻚ‪ ،‬ﺣﺎوﻟﺖ اﳌﺮاﻛﺰ‬ ‫اﻟﺜﺎﻧﻮﻳﺔ إﻋﺎدة ﻧﻔﺴﻬﺎ ﻣﻦ ﺧﻼل اﺳﺘﻘﻄﺎب اﻟﻌﻼﻣﺎت اﻟﺘﺠﺎرﻳﺔ اﳌﺤﻠﻴﺔ‬ ‫واﻟﴩﻛﺎت اﳌﺒﺘﺪﺋﺔ اﻟﺘﻲ ﺗﻠﺒﻲ اﺣﺘﻴﺎﺟﺎت اﻟﺴﻜﺎن اﻟﺬﻳﻦ ﻳﻌﻴﺸﻮن ﰲ‬ ‫اﳌﺤﻴﻂ اﻟﺴﻜﻨﻲ‪.‬‬ ‫إﺟامﱄ اﳌﺴﺎﺣﺎت اﻟﺘﺠﺎرﻳﺔ ﰲ ﻣﺮاﻛﺰ اﻟﺘﺴﻮق ﰲ ديب ﺣﺎﻟﻴﺎً ﻳﺒﻠﻎ‬ ‫‪ 2,816,000‬ﻣﱰ ﻣﺮﺑﻊ‪ .‬ﻓﻘﺪ ارﺗﻔﻌﺖ مبﻘﺪار ‪ 168،000‬ﻣﱰ ﻣﺮﺑﻊ ﻓﻘﻂ‬ ‫ﺧﻼل اﻟﺴﻨﻮات اﻟﺜﻼث اﳌﺎﺿﻴﺔ‪ .‬مبﺠﺮد أن ﻳﺘﻢ ﺗﺴﻠﻴﻢ اﳌﺴﺎﺣﺎت‬ ‫اﻟﺘﺠﺎرﻳﺔ اﻹﺿﺎﻓﻴﺔ اﻟﺘﻲ ﻳﺠﺮي اﻟﺘﺨﻄﻴﻂ ﻟﻬﺎ ﻣﺴﺘﻘﺒﻼً‪ ،‬ﺳﻮف ﻳﺰﻳﺪ‬ ‫اﻟﻌﺮض ﻋﻦ اﻟﻄﻠﺐ‪ ،‬وﻫﺬا ﻗﺪ ﻳﺆدي إﱃ إﻧﺨﻔﺎض ﺣﺎد ﰲ اﻹﻳﺠﺎرات‬ ‫ﺑﺤﻠﻮل ﻋﺎم ‪ 2016‬أو ﻋﺎم ‪ .2017‬ﺣﺘﻰ ذﻟﻚ اﻟﺤني‪ ،‬ﺳﻮف ﺗﻜﻮن ﻫﻨﺎك‬ ‫زﻳﺎدة ﻣﻄﺮدة ﰲ إﻳﺠﺎرات اﳌﺴﺎﺣﺎت اﻟﺘﺠﺎرﻳﺔ‪.‬‬

‫ﻟﻠﺮﺑﻊ اﻟﺜﺎين ﻋﲆ اﻟﺘﻮاﱄ ﻣﻦ ﻋﺎم ‪ ،۲۰۱۳‬ﺗﻮاﺻﻞ ديب ﺻﺪارﺗﻬﺎ ﻟﻘﺎمئﺔ‬ ‫دﻟﻴﻞ اﻟﻌﻘﺎرات اﻟﻌﺎﳌﻴﺔ ﺑﺄﻋﲆ أﺳﻌﺎر اﻟﺒﻴﻊ اﳌﺴﺠﻠﺔ ﻋﱪ ‪ ۴۲‬ﻣﺪﻳﻨﺔ‪.‬‬ ‫ارﺗﻔﻌﺖ اﻷﺳﻌﺎر ﰲ ديب ﺑﺤﻠﻮل اﻟﻌﺎم ﺑﻨﺴﺒﺔ ‪ ۱۷٫۹۹‬ﰲ اﳌﺎﺋﺔ ﻋﲆ‬ ‫أﺳﺎس ﺳﻨﻮي ﻣﻘﺎرﻧﺔ ﺑﺎﻟﺮﺑﻊ اﻟﺜﺎين ﻣﻦ ﻋﺎم ‪ .۲۰۱۲‬ﺑني اﳌﺪن اﻟﻌﺎﳌﻴﺔ‪،‬‬ ‫واﺣﺘﻠﺖ ﺗﺎﻳﻮان اﳌﺮﻛﺰ اﻟﺜﺎين اﻟﺬي ﻛﺎﻧﺖ ﺗﺤﺘﻠﻪ ﻫﻮﻧﻎ ﻛﻮﻧﻎ ﺳﺎﺑﻘﺎً‬ ‫ﻣﺴﺠﻠﺔ ارﺗﻔﺎﻋﺎ ﺑﻨﺴﺒﺔ ‪ ۱۴٫۵۲‬ﰲ اﳌﺎﺋﺔ ﺧﻼل اﻟﺴﻨﺔ اﳌﺎﻟﻴﺔ اﳌﻨﺘﻬﻴﺔ ﰲ‬ ‫ﻳﻮﻧﻴﻮ ‪ ۲۰۱۳‬وﺟﺎءت ﻫﻮﻧﺞ ﻛﻮﻧﺞ ﰲ اﳌﺮﻛﺰ اﻟﺜﺎﻟﺚ ﺑﺰﻳﺎدة ﻗﺪرﻫﺎ ‪۱۳٫۷‬‬ ‫ﰲ اﳌﺌﺔ‪ .‬ﰲ أﻋﻘﺎب اﻧﻬﻴﺎر اﻻﻗﺘﺼﺎدي اﻟﻌﺎﳌﻲ‪ ،‬اﻧﺨﻔﻀﺖ أﺳﻌﺎر اﳌﻨﺎزل‬ ‫ﺑﻨﺴﺒﺔ ‪ ۵۳‬ﰲ اﳌﺎﺋﺔ ﺑني اﻟﺮﺑﻊ اﻟﺜﺎﻟﺚ ﻣﻦ ﻋﺎم ‪ ۲۰۰۸‬إﱃ اﻟﺮﺑﻊ اﻟﺜﺎﻟﺚ‬ ‫ﻣﻦ ﻋﺎم ‪ .۲۰۱۱‬ﺑﺪأ اﻻﻧﺘﻌﺎش ﰲ ديب ﰲ اﻟﺮﺑﻊ اﻟﺜﺎين ﻣﻦ ﻋﺎم ‪،۲۰۱۲‬‬ ‫ﺑﺘﺄﻳﻴﺪ واﺳﻊ داﺧﻞ ﻟﻠﻨﻤﻮ اﻻﻗﺘﺼﺎدي اﻟﺼﺤﻲ ﰲ دوﻟﺔ اﻹﻣﺎرات اﻟﻌﺮﺑﻴﺔ‬ ‫اﳌﺘﺤﺪة‪ .‬وﻓﻘﺎ ﻟﺪﻟﻴﻞ اﻟﻌﻘﺎرات اﻟﻌﺎﳌﻴﺔ‪ ،‬ﺷﻬﺪت اﻹﻣﺎرة زﻳﺎدة ﰲ ﺛﻘﺔ‬ ‫اﳌﺴﺘﻬﻠﻜني واﳌﺴﺘﺜﻤﺮﻳﻦ ﻧﻈﺮا ﻟﺴﻬﻮﻟﺔ اﻟﺤﺼﻮل ﻋﲆ اﻟﺘﻤﻮﻳﻞ‪ ،‬واﻟﻌﻤﻠﺔ‬ ‫اﻟﺘﻲ ﻳﺠﺮي رﺑﻄﻬﺎ ﺑﺎﻟﺪوﻻر ووﺿﻊ اﳌﺪﻳﻨﺔ ﻛﻤﻼذ آﻣﻦ‪.‬‬ ‫وﻓﻘﺎ ﻟﺒﻴﺎﻧﺎت ﴍﻛﺔ ﻧﺎﻳﺖ ﻓﺮاﻧﻚ اﻟﱪﻳﻄﺎﻧﻴﺔ ﰲ اﻹﺳﺘﺸﺎرات‪ ،‬ﺳﺠﻠﺖ‬ ‫أﺳﻌﺎر اﻟﻌﻘﺎرات ﰲ ديب ارﺗﻔﺎﻋﺎ ﺑﻨﺴﺒﺔ ‪ ۲۱٫۷‬ﰲ اﳌﺎﺋﺔ ﺧﻼل اﻟﻌﺎم‬ ‫اﳌﺎﴈ )اﳌﻨﺘﻬﻲ ﰲ ﻳﻮﻧﻴﻮ ‪ .(۲۰۱۳‬ﰲ أواﺋﻞ ﺳﺒﺘﻤﱪ‪ ،‬وﻗﺎل ﺳﺘﺎﻧﺪرد‬ ‫ﺗﺸﺎرﺗﺮد أن اﻟﺰﻳﺎدة اﻟﺤﺎﻟﻴﺔ ﰲ أﺳﻌﺎر اﻟﻌﻘﺎرات ﰲ ديب ﺗﻘﻮم ﻋﲆ‬ ‫ﺗﺤﺴني اﻟﻨﺸﺎط اﻻﻗﺘﺼﺎدي ﺑﺪﻻ ﻣﻦ اﳌﻀﺎرﺑﺔ‪ ،‬واﻟﺘﻲ أﺳﻔﺮت ﻋﻦ‬ ‫اﻧﻬﻴﺎر ﺧﻼل ﻋﺎم ‪.۲۰۰۸‬‬

‫‪www.valoran.ae‬‬


‫‪Valoran Real Estate Brokers‬‬ ‫‪Your Lifestyle Broker‬‬

‫اﳌﺴﺘﺄﺟﺮون ﰲ ديب ﻟﺪﻳﻬﻢ اﻵن ﻣﻨﺼﺔ ﺣﻴﺚ ميﻜﻨﻬﻢ اﻟﻠﺠﻮء إﻟﻴﻬﺎ ﰲ‬ ‫ﺣﺎﻻت اﳌﻨﺎزﻋﺎت اﻹﻳﺠﺎرﻳﺔ ﻣﻊ اﳌﻼك‪ .‬وﺳﻮف ﻳﻌﻤﻞ ﻣﺮﻛﺰ ﺗﺴﻮﻳﺔ‬ ‫اﳌﻨﺎزﻋﺎت اﻹﻳﺠﺎرﻳﺔ اﻟﺠﺪﻳﺪ‪ ،‬واﻟﺬي ﺳﻮف ﻳﻜﻮن ﺟﺰءا ﻣﻦ داﺋﺮة‬ ‫اﻷراﴈ واﻷﻣﻼك‪ ،‬ﻋﲆ ﺗﺴﻮﻳﺔ اﳌﻨﺎزﻋﺎت ﺑني اﳌﻼك واﳌﺴﺘﺄﺟﺮﻳﻦ ﰲ‬ ‫ﻏﻀﻮن ‪ 30-45‬ﻳﻮﻣﺎ‪ .‬ﰲ ﺣني ﻣﻦ اﳌﺘﻮﻗﻊ أن ﻳﺆدي إﻧﺸﺎء اﳌﺮﻛﺰ اﻟﺠﺪﻳﺪ‬ ‫إﱃ ﺳﻮق أﻛرث ﺗﻮازﻧﺎ ﻟﻠﻤﺴﺘﺄﺟﺮﻳﻦ واﳌﻼك‪ ،‬إﻻ أﻧﻪ ﻗﺪ ﻳﺆﺛﺮ أﻳﻀﺎ‬ ‫اﳌﻄﻮرﻳﻦ إذا ﻛﺎن ﻫﻨﺎك ﻣﻴﻞ ﻧﺤﻮ ﺗﺴﻮﻳﺔ أﻏﻠﺐ اﻟﻨﺰاﻋﺎت ﰲ ﺻﺎﻟﺢ‬ ‫اﳌﺴﺘﺄﺟﺮﻳﻦ‪ .‬ميﻜﻦ ﻟﻠﻌﺪﻳﺪ ﻣﻦ اﳌﺴﺘﺜﻤﺮﻳﻦ‪ ،‬اﻟﺬﻳﻦ ﻳﺸﱰون اﻟﻌﻘﺎرات‬ ‫ﻣﻦ أﺟﻞ ﻛﺴﺐ ﻋﺎﺋﺪات ﺗﺄﺟري ﻣﻨﻬﺎ‪ ،‬أن ﻳﻘﻮﻣﻮا ﺑﺈرﺟﺎء ﻗﺮاراﺗﻬﻢ‬ ‫اﻻﺳﺘﺜامرﻳﺔ ﺣﺘﻰ ﻳﺤﺪث اﻟﺘﻮازن ﺑني اﻟﺘﺴﻮﻳﺎت اﳌﺆﻳﺪة ﻟﻠﻤﺴﺘﺄﺟﺮ‬ ‫ﻣﻦ ﺟﻬﺔ واﳌﺆﻳﺪة ﻟﻠامﻟﻚ ﻣﻦ ﺟﻬﺔ أﺧﺮى‪.‬‬ ‫وﻣﻊ ذﻟﻚ‪ ،‬ﺗﺸري اﳌﺼﺎدر ﰲ ﻫﺬا اﳌﺠﺎل ﻣﻦ اﻟﺼﻨﺎﻋﺔ إﱃ أن ﺳﻴﻨﺎرﻳﻮ‬ ‫اﻟﺴﻮق اﻟﺤﺎﱄ‪ ،‬ﺣﻴﺚ ﺗﺰدﻫﺮ اﳌﺒﻴﻌﺎت‪ ،‬أن إﻧﺸﺎء وﻛﺎﻟﺔ ﺟﺪﻳﺪة ﻟﻦ‬ ‫ﻳﺆﺛﺮ ﺑﺸﺪة ﻋﲆ ﻗﺮارات اﳌﺸﱰﻳﻦ‪ .‬إﺗﻔﺎﻗﺎت ﻋﻘﺪ اﻹﻳﺠﺎر ﺣﺘﻰ اﻟﴩاء‬

‫أو ﻋﻘﻮد اﻹﻳﺠﺎر ﻃﻮﻳﻠﺔ اﻷﺟﻞ ﻟﻦ ﺗﺄيت ﺿﻤﻦ اﺧﺘﺼﺎص اﳌﺮﻛﺰ اﻟﺠﺪﻳﺪ‪،‬‬ ‫وﺣﻴﺚ أن اﻟﻌﺪﻳﺪ ﻣﻦ اﳌﻄﻮرﻳﻦ ﻳﺴﺘﺨﺪﻣﻮن اﻟﺴﺎﺑﻖ ﻛﺤﺎﻓﺰ ﻟﺠﺬب‬ ‫اﳌﺸﱰﻳﻦ‪ ،‬إﻻ أﻧﻪ ﺳﻮف ﺗﺴﺘﻤﺮ ﻫﺬه اﳌامرﺳﺔ ﻣﻦ دون ان ﺗﺘﺄﺛﺮ مبﺮﻛﺰ‬ ‫ﺗﺴﻮﻳﺔ اﳌﻨﺎزﻋﺎت اﻹﻳﺠﺎرﻳﺔ‪.‬‬ ‫ﻣﻊ اﻻرﺗﻔﺎع اﻟﴪﻳﻊ ﰲ اﻹﻳﺠﺎرات ﺧﻼل اﻟﻌﺎم واﻟﻨﺼﻒ اﳌﺎﺿﻴﺔ‪ ،‬ﻳﻜﻮن‬ ‫اﺣﺘامل اﳌﻨﺎزﻋﺎت ﻣﺮﺗﻔﻌﺎً‪ .‬ﺑﺎﻟﻨﺴﺒﺔ ﻷﺻﺤﺎب اﻟﻌﻘﺎرات‪ ،‬ﻓﺈن اﻟﺤﻞ‬ ‫ﻟﺘﺠﻨﺐ اﻟﻨﺰاﻋﺎت ﻳﻜﻮن ﺑﺘﻀﻤني ﺗﻔﺎﺻﻴﻞ ﻋﻦ ارﺗﻔﺎع اﻹﻳﺠﺎر اﳌﺴﺘﻘﺒﲇ‬ ‫ﰲ اﻟﻌﻘﺪ‪ ،‬ﺑﺤﻴﺚ أن ﻳﻔﻬﻢ اﳌﺴﺘﺄﺟﺮون ﻛﻞ اﻟﴩوط ﺑﺸﻜﻞ ﺟﻴﺪ ﻗﺒﻞ‬ ‫اﻟﺘﻮﻗﻴﻊ ﻋﲆ اﻻﺗﻔﺎق‪ .‬ومثﺔ ﺧﻴﺎر آﺧﺮ ﻳﺘﻤﺜﻞ ﰲ ﺗﻜﺮار اﳌامرﺳﺎت‬ ‫اﳌﺘﺒﻌﺔ ﰲ اﻷﺳﻮاق اﻷﻛرث ﻧﻀﺠﺎً ﻣﻦ ﺧﻼل ﻫﻴﻜﻠﺔ اﻟﻌﻘﻮد ﻟﺘﺸﻤﻞ‬ ‫ﺣﻮاﻓﺰ ﻟﻠﻤﺴﺘﺄﺟﺮﻳﻦ ﻣﺜﻞ ﻓﱰات ﻃﻮﻳﻠﺔ ﺑﺪون إﻳﺠﺎر أو ﺗﺤﺪﻳﺪ ﺳﻌﺮ‬ ‫اﻹﻳﺠﺎر وﻗﻔﺎ ﻟﺰﻳﺎدة ﻣﺪﺗﻪ‪ .‬ﺳﻮف ﻳﺴﺎﻋﺪ اﳌﺮﻛﺰ اﻟﺠﺪﻳﺪ أﻳﻀﺎ ﰲ ﺟﻌﻞ‬ ‫اﻟﻘﻄﺎع أﻛرث ﺷﻔﺎﻓﻴﺔ‪.‬‬

‫‪3‬‬



-

: -

Prepared by: Alpha & Beta FZE

VALORAN MEMBER

www.valoran.ae

:


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.