Quick overview

Dr Herman J. Kok MREMulti Development

RCSC Russian Council Shopping Centers / MOLL Study tour Emirates, 24th – 28th February 2013

Quick overview

Dr Herman J. Kok MREMulti Development

RCSC Russian Council Shopping Centers / MOLL Study tour Emirates, 24th – 28th February 2013

United Arab Emirates

United Arab Emirates

Economic outlook

2011 2012-E 2013-F 2014-F 2015-F

GDP 4,2% 3,3% 3,7% 3,9% 4,1%

CPI inflation 0,9% 0,7% 2,0% 2,7% 3,0%

Current account 9,1% 10,5% 6,3% 4,7% 4,2%

Government balance 6,2% 8,5% 5,9% 5,7% 6,2%

Exports of goods (%) 30,7% 38,8% 23,9% 19,2% 18,4%

Imports of goods (%) 22,8% 14,9% 13,0% 10,0% 9,0%

Source: Oxford Economics

Main oil fields in UAE

Etihad railway project

Shopping center supply in GCC

Source: Alpen Capital

Shopping center supply in UAE

Source: JLL

Dubai

Dubai – population

Dubai main development trends

• Mohamad Bin Rashid City – MBRC (Emaar & Dubai Properties)

• Jebel Ali, featuring five theme-parks (Meraas)

• Al Maktoum International Airport (Dubai World city) operational in 2013

• Jebel Ali Free Zone (JAFZA): Middle East’s largest free zone

Metro system Dubai

Master plan Dubai – key projects

Metro system plan

Dubai – shopping center stock

Source: JLL

Dubai – composition shopping center stock

Source: JLL

Abu Dhabi

Abu Dhabi Vision 2030

Source: Abu Dhabi Vision 2030

Abu Dhabi – population

Abu Dhabi Vision 2030

Source: Abu Dhabi Vision 2030

Human City

Source: Abu Dhabi Vision 2030

Public transport and infrastructure

Source: Abu Dhabi Vision 2030

Abu Dhabi – shopping center stock

Source: JLL

Abu Dhabi – composition shopping center stock

Source: JLL

Dalma Mall

• 148,000 m2 GLA

• Opening October 2012

• Owner: The Developers LLC

• 536 units

Marina Mall

• 126,000 m2 GLA

• Opened March 2001

• Owner: National Investment Corporation

• Number of stores: 405

Khalidiya Mall

• 46,000 m2 gla

• Opened in december 2007

• Owner: Line Investment & Property LLC

• Architect: Apollodore

Al Wahda Mall

• 140,000 m2 gla including extension (2012)

• Opened in May 2007

• 375 stores

• Owned by Line Investment & Property LLC

Abu Dhabi Mall

• 220,l000 gca

• Opened in 2001

• 220 stores

• Owned by H.H. Sheikh Suroor Bin Mohammed Al Nahyan