21
Residential
Source: JLL Q1 2017
0
50
100
150
200
250
300
2012 2013 2014 2015 2016 2017 2018 2019
Num
ber
of
Units (
In 0
00's
)
Completed Future Supply
Average 10k pa Average 2k pa Average 5k pa
Residential Supply
Source: JLL Q1 2017
Decline Growth Decline
5
20
40
60
80
100
120
140
160
180
200
0
50
100
150
200
250
300
2009 2010 2011 2012 2013 2014 2015 2016 2017
Avera
ge Y
earl
y R
ent
Num
ber
of
Units (
In 0
00's
)
Completed Future Supply Average Rent (AED / annum)
Residential Rental Performance
Source:JLL Q1 2017
2
4
6
8
10
12
14
16
18
20
2009 2010 2011 2012 2013 2014 2015 2016 2017
20
40
60
80
100
120
140
160
180
200
Sale
s P
rice /
sqm
('0
00)
Yearly R
ent
('000)
Average Rent (AED / annum) Sales Price (AED / sqm)
Residential Sales Performance
Office
Source:JLL Q1 2017
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
2012 2013 2014 2015 2016 2017 2018 2019
GLA
(In
000's
)
Completed Future Supply
Office Supply
Source: JLL
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
Abu Dhabi Dubai
To
tal S
tock,
sq
m
UAE Office Market Comparison
Onshore (Non Freezones) Offshore (Freezones)
Freezones
Diversification to new high growth sectors
Source:JLL Q1 2017
170
0
500
1,000
1,500
2,000
2,500
3,000
3,500
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
2009 2010 2011 2012 2013 2014 2015 2016 2017
GLA
(In
000's
)
Completed Future Supply Average Rent (AED / sqm / annum)
Office Rental Performance
Hospitality
Source:JLL Q1 2017
-
5,000
10,000
15,000
20,000
25,000
30,000
2012 2013 2014 2015 2016 2017 2018 2019
No.
of ro
om
s
Completed Future Supply
Average 2k pa Average 1k pa
Hospitality Supply
Source: Abu Dhabi Airport Company / Abu Dhabi Tourism and Culture Authority
-
1
1
2
2
3
3
4
4
5
5
-
5
10
15
20
25
30
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Millio
ns
Millio
ns
Passengers Hotel Guests
Tourism
• New York
• Singapore
• London
Abu Dhabi
U.A.E
-2 -1 0 +1 +2-4 -3 +3 +4
30% of the world’s population within 4 hours
Global Connectivity + Global Tourism Destination
Abu Dhabi as a major tourism destination
Source:JLL Q1 2017
63% 70%76% 78% 76%
75%
0%
20%
40%
60%
80%
0
20
40
60
80
100
120
140
160
180
200
2012 2013 2014 2015 2016 2017
AD
R (
US
D)
ADR (USD) Occupancy
Hospitality Performance
Retail
Source:JLL Q1 2017
57226
500
1,000
1,500
2,000
2,500
3,000
3,500
2012 2013 2014 2015 2016 2017 2018
GLA
in '000s s
q m
Completed Future Supply
Retail Supply
2014 2017 2020
National citizens
Expats
Tourists
Retail Demand
Source:JLL Q1 2017
57
2,600
2,650
2,700
2,750
2,800
2,850
2,900
2,950
3,000
3,050
500
1,000
1,500
2,000
2,500
3,000
2009 2010 2011 2012 2013 2014 2015 2016 2017
AE
D /
sqm
GLA
in '000s s
q m
Completed Future Supply Average Rent (AED / sqm / annum)
Retail Performance
Short term decline triggered by
decline in oil prices / sentiment /
government spending
2016/2017 as consolidation years
Slow down in demand is mitigated by
reduced supply
Market recovery will be driven by:
▬ Dubai’s recovery
▬ Return of government spending and
confidence
▬ Continued supply controls
Conclusions
Selective development and
investment opportunities:
▬ Divergence between high and low
quality product
▬ Quality real estate aligned to end-
user requirements in established
locations
Opportunities
Positive medium term outlook:
▬ Commitment to 2030 Vision - world-
class city and diversified economy
▬ Government-backed economic
development and infrastructure
