UAE CONSTRUCTION & REAL ESTATE

Weekly Report

Issue - 2014 Week 19

02 to 08 of May, 2014

TIMMINT Market Intelligence Weekly Report 02-08 May 2014

2

From:

TIMMINT

Market Intelligence

To:

Whom it may concern

Subject:

Weekly Status Report,

UAE Construction and Real

Estate Industry

Issue Year 2014, Week 19

Report Sections Page

UAE CONSTRUCTION

& REAL ESTATE NEWS 2

DUBAI REAL ESTATE

INDEX 6

Abu Dhabi REAL

ESTATE INDEX 7

MARKET

PERFORMANCE 9

WEEKLY TENDERS 10

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UAE CONSTRUCTION & REAL ESTATE NEWS

UAE to add nearly 32,000 new hotel rooms

he UAE hospitality industry will continue to see addition of more hotels over the next four

years, with the Emirates adding 120 hotels and nearly 32,000 rooms to cater to the

growing number of guests.

Research firm Business Monitor International said it’s highly optimistic about the UAE's tourism

industry as the country is planning significant increases in the national hotel room supply, while

airport capacity is also set to increase rapidly.

According to BMI statistics, the UAE hospitality sector looks set to grow in tandem with tourist

arrivals with an extra 120 hotels and accommodation establishments to be built by 2018. This will

equate to about 31,810 extra rooms for the overall national supply, reflecting the large size of

many new hotels currently under construction across the emirates.

A number of new hotel development projects will be announced during the Arabian Travel

Market (ATM) being held in Dubai next week. The 21st edition of ATM will be held at the Dubai

International Convention and Exhibition Centre from May 5 to 8 with participation of more than

2,500 exhibitors receiving 21,000 trade visitors.

Major projects under construction in the UAE include Madinat Jumeirah’s Phase Four extension,

which is scheduled for completion in 2016; 667-room Millennium Bab Al Qasr hotel in Abu Dhabi,

which is slated to open in the second quarter of next year; 753-room Damac Towers by

Paramount will open by the end of 2016; 863-room The Westin Dubai, part of Habtoor Palace;

and 474-room Sheraton Dubai on Sheikh Zayed Road.

Occupancy rates, according to BMI, will also remain strong, above 70 per cent across its forecast

period to 2018 and underlining the strong demand for accommodation in the UAE.

STR Global’s statistics showed the UAE hotel occupancy rate increased 1.1 per cent to 84 per cent

in March 2014 as against same month last year while revenues per average room (RevPar) also

rose 0.9 per cent to Dh732.67.

“For 2014, we forecast 8.3 per cent growth

in arrivals from all regions, with tourism

receipts set to rise by around 9.4 per cent

in US dollar terms,” it said.

Looking at inbound tourism flows to the UAE by region, the Middle East looks set to remain the

largest single source market, with its share of total arrivals set to remain stable around 30 per

cent.

“Taking a greater market share over our forecast period is the Asia Pacific region, with arrivals set

to rise from 2.9 million in 2014 to 4 million in 2018. This reflects the growing wealth of Asia,

coupled with increased business travel and significant numbers of expatriate workers coming to

UAE from nations such as India and Pakistan. China also is expected to prove an increasingly

important source market for inbound tourism,” BMI said.

Source: emirates247.com

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TIMMINT Market Intelligence Weekly Report 02-08 May 2014

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Dubai to spend $1.63bn transform emirate into

'green paradise' by 2025

Dubai Municipality is planning to spend AED6bn ($1.63bn) to transform the Emirate into a "green

paradise" by 2025. The massive investment has been earmarked for soft landscaping and the

irrigation network in Dubai, according to officials.

"We have plans for giant projects by 2025, which include the expansion of sewer lines and the

irrigation network," said Salah Abdul Rahman Amiri, assistant director-general of the Municipality

in comments published by news agency WAM.

"These are mainly concentrated on preparations for Expo 2020 as we want to make Dubai a

green paradise," Amiri said, adding, that new legislation is also being planned to ensure that

developers share the onus of expanding the green belt in the city.

Amiri said over AED3bn would be spent on improving and expanding the irrigation network by

2025, which would bolster the landscaping projects.

"We are having problems with sustainable landscaping. The challenge is mainly with water," he

was quoted as saying.

Around 45mn plants were planted in 2013 and the Municipality is expecting a five to 10%

increase, depending on upcoming projects, the report said. Up to 30 small park projects are in

the pipeline to add to the green lungs of the desert city which currently boasts about 7,000

hectares of green space.

Source: ArabianIndustry.com

TIMMINT Market Intelligence Weekly Report 02-08 May 2014

4

New projects boost demand for steel products in

UAE

New construction projects in the UAE have boosted demand for the steel products in the

country, according to private steel products manufacturer Conares.

"The steady rise in construction, with the announcement of major landmark projects in the UAE,

has given way to a boom in the steel industry," said Bharat Bhatia, CEO of Conares.

"The huge growth in the steel industry is a result of several factors, the primary reason being the

new developments and announcements of new projects here.

Further, the high-demand has also led most construction companies, developers and traders to

turn to local producers, as imports of debars normally takes a minimum of 60 days to arrive in

Dubai.

"Furthermore, UAE financial institutes are very positive to support the steel industry

which itself is good sign for the entire industry and future developments. Local

producers are able to offer internationally competitive costs. That, coupled with the

reliability of delivery locally, which is far better and easier compared to imports from

outside UAE, have added immensely to the growth of the sector in the region," he added.

Conares has an annual production capacity of over 750,000 metric tonnes, including 500,000

metric tonnes of rebar, and 250,000 metric tonnes of ERW pipe and 36,000 metric tonnes of

galvanized pipes at its Jebel Ali facility in Dubai.

UAE-based steel products manufacturer Conares output has increased double-digit in the first

quarter of 2014, reaching nearly 100,000 metric tonnes rebars.

The company said in a statement that the first quarter volume is almost equivalent to 50 per cent

of the last year's total tonnage

Total sales of Conares steel products has surged by 25 per cent sales as of the end of 2013. Profit

of the business also registered significant growth of 45 per cent in 2013, compared to the same

period in 2012.

Source: emirates247.com

TIMMINT Market Intelligence Weekly Report 02-08 May 2014

5

Emaar launches 66-storey Opera Grand tower in

Downtown Dubai

Emaar has announced the launch of a new 66-storey residential tower in Downtown Dubai.

The Opera Grand building will overlook the new Dubai Opera district containing a new 2,000-seat

Opera House, as well as the Dubai Fountain and the Burj Khalifa, the developer said.

It will contain more than 200 apartments and will have a retail podium connected by an

overhead link bridge offering views over Burj Park. It will also have a rooftop swimming pool and

health club.

Arif Amiri, chief commercial officer of Emaar Properties, said: “There are several distinguishing

features that make Opera Grand a fantastic lifestyle choice for cultural enthusiasts and

connoisseurs who value the finer aspects of life.

"From design aesthetics to an unbeatable location overlooking Dubai Opera,

all apartments are defined by careful attention to details with superior

finishes, exemplary décor and a range of amenities including the rooftop

swimming pool.”

Emaar has said that it will begin pre-registration for sales of the properties on Wednesday and

will then sell the units on Saturday simultaneously in Dubai, Abu Dhabi and in Singapore.

Source: ArabianIndustry.com

TIMMINT Market Intelligence Weekly Report 02-08 May 2014

6

DUBAI REAL ESTATE INDEX

Dubai Real Estate Sector Performance:

The chart for Dubai Real Estate Index illustrate the global performance of all Dubai real estate companies in the stock market for a period of one year, showing a year to date change of (+94.48%)

Real Estate Index - Year to Date Figures

Index as of 31 Dec Current Index YTD Change Indicator % Change

6,987.72 13,589.53 6,601.81

94.48%

Real Estate Index - 52 Weeks Price

High Date Low Date Current Price

13,473.36 24/4/2014 2,933.61 4/6/2013 13,589.53

Real Estate Index (one year)

Real Estate Index (last Week)

DFM Index (one year)

DFM Index (last week)

TIMMINT Market Intelligence Weekly Report 02-08 May 2014

7

ABU DHABI REAL ESTATE INDEX

Abu Dhabi Real Estate Sector Performance:

The chart for Abu Dhabi Real Estate Index illustrate the global performance of all Abu Dhabi real estate companies in the stock market for a period of one year, showing a year to date change of (+46.43%)

Real Estate Index - Year to Date Figures

Index as of 31 Dec Current Index YTD Change Indicator % Change

4,668.16 6,835.81 2,167.65

46.43%

AD Real Estate Index (one year)

AD Real Estate Index vs. AD Index (One Year - %)

--- Abu Dhabi Real Estate Index (ADRE) --- Abu Dhabi Index (ADI)

TIMMINT Market Intelligence Weekly Report 02-08 May 2014

8

The charts below show the positioning of the Real Estate sector among the other sectors in Dubai and Abu Dhabi Stock Markets.

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Banks 26%

Investment & Financial Services

13%

Real Estate 18%

Telecommunication

7%

Insurance 7%

Energy 5%

Industrial 9%

Consumer Staples

6%

Services 9%

Abu Dhabi Market

Banks 10%

Fin. / Invest.

23%

Insurance 9%

Real Estate 47%

Transport. 3%

Industrials 1%

Consumer Staples

1%

Telecom 3%

Services 3%

Dubai Market

TIMMINT Market Intelligence Weekly Report 02-08 May 2014

9

MARKET PERFORMANCE

The table hereunder reflects the performance of the listed Real Estate and construction companies in the Dubai stock market

during the last week.

Dubai Real Estate & Construction Companies (last week)

Companies Previous Closing

Close High Low Price Change No. of

Trades Volume Value

Value %

Al Mazaya Holding Company 1.34 0.00 1.54 0.00 0.20 14.93 1 106 163

Arabtec Holding PJSC 9.07 6.75 9.88 6.70 2.32 25.58 12,870 371,325,709 3,243,239,046

Deyaar Development PJSC 1.64 1.64 1.73 1.61 0.00 0.00 3,523 400,148,919 676,079,545

Drake & Scull International P.J.S.C 1.68 1.78 1.86 1.68 0.10 5.95 2,028 198,687,668 355,393,753

Emaar Properties PJSC 9.83 10.15 10.60 9.83 0.32 3.26 4,783 122,711,369 1,257,259,799

National Industries Group Holding (S.A.K.) 4.07 4.07 0.00 0.00 0.00 0.00 0 0 0

Union Properties PJSC 2.60 2.66 2.90 2.60 0.06 2.31 7,337 428,020,778 1,176,731,401

National Cement Company (P.S.C.) 0.00 0.00 3.83 3.83 0.00 0.00 0 0 0

The tables hereunder reflect the performance of the listed companies in the real estate sector followed by the listed companies

in the cement and construction sector in Abu Dhabi stock market during the last week.

Abu Dhabi Real Estate Companies (last week)

Companies Previous Closing

Close High Low Price Change No. of

Trades Volume Value

Value %

ALDAR Properties PJSC 4.15 4.13 4.29 4.00 0.07 1.72 6,178 378,982,808 1,576,444,703

Eshraq properties Co. 1.92 2.04 2.21 1.89 0.00 0.00 5,723 576,643,212 1,216,067,761

RAK Properties 1.26 1.26 1.32 1.24 0.03 2.38 1,392 134,074,226 171,824,200

Abu Dhabi Cement and Building Companies (last week)

Companies Previous Closing

Close High Low Price Change No. of

Trades Volume Value

Value %

Abu Dhabi National Co. for B and M 1.18 1.21 1.26 1.15 0.04 3.42 109 3,954,663 4,832,637

Arkan Building Materials Co. 2.43 2.20 2.34 2.11 (0.09) (3.70) 45 971,946 2,125,567

Fujairah Building Industries P.S.C. 1.6 0.00 0.00 0.00 0.00 0.00 0 0 0

Fujairah Cement Industries 1.23 0.00 0.00 0.00 0.00 0.00 0 0 0

Gulf Cement Co. 1.5 1.45 1.49 1.40 0.02 1.42 113 12,363,377 17,628,494

Ras Al Khaimah Cement Company 1.47 1.49 1.53 1.44 0.05 3.47 137 4,989,078 7,339,627

Ras Al Khaimah Ceramic Co. 3.89 3.65 3.89 3.61 0.05 1.33 48 1,699,126 6,288,625

Ras Al Khaimah White Cement 1.8 1.77 1.77 1.77 (0.03) (1.67) 1 23,100 40,887

Sharjah Cement and Industrial Development Co.

1.19 1.12 1.23 1.08 0.08 6.96 22 1,345,861 1,511,375

Umm Al-Qaiwain Cement Industries Co. 1.23 1.21 1.32 1.19 0.09 7.32 9 95,987 116,481

Union Cement Co. 1.46 1.32 1.32 1.32 (0.14) (9.59) 2 21,828 28,813

TIMMINT Market Intelligence Weekly Report 02-08 May 2014

10

The chart below shows the top 5 companies with the highest percentage change of price in the

real estate and construction sectors in both markets during the last week.

Weekly % Change of Price - Top 5 Companies

The chart below represents the top 5 companies by volume in the real estate and construction sectors in both markets during the last week.

Most Active by Volume - Top 5 Companies (last week)

25.58

14.93

7.32 6.96 5.95 3.47 3.42

0

5

10

15

20

25

30

Arabtec HoldingPJSC

Al MazayaHolding

Company

Umm Al-QaiwainCement

Industries Co.

Sharjah Cementand IndustrialDevelopment

Co.

Drake & ScullInternational

P.J.S.C

Ras Al KhaimahCement

Company

Abu DhabiNational Co. for

B and M

0

100,000,000

200,000,000

300,000,000

400,000,000

500,000,000

600,000,000

700,000,000

Eshraqproperties

Co.

UnionProperties

PJSC

DeyaarDevelopment

PJSC

ALDARProperties

PJSC

ArabtecHolding PJSC

Drake & ScullInternational

P.J.S.C

RAKProperties

TIMMINT Market Intelligence Weekly Report 02-08 May 2014

11

WEEKLY TENDERS Here is a list of the live tenders:

N: Issue Date Bid Due Date Title Issuer Sector

1 4/26/2014 5/13/2014 Maintenance of Bidiya School

Ministry of Public Works - UAE

Governmental Institutions: Ministries and Municipalities

2 4/26/2014 5/13/2014 Provision of School Spent the Maintenance

Ministry of Public Works - UAE

Governmental Institutions: Ministries and Municipalities

3 4/26/2014 5/13/2014 Provision of Jasmine Maintenance Kindergarten

Ministry of Public Works - UAE

Governmental Institutions: Ministries and Municipalities

4 4/26/2014 5/13/2014 Provision of Maintenance Day Kindergarten Ministry of Public Works -

UAE Governmental Institutions:

Ministries and Municipalities

5 4/26/2014 5/13/2014 Maintenance of Anfal Kindergarten

Ministry of Public Works - UAE

Governmental Institutions: Ministries and Municipalities

6 4/26/2014 5/13/2014 Maintenance of Kindergarten Delight Ministry of Public Works -

UAE Governmental Institutions:

Ministries and Municipalities

7 4/26/2014 5/13/2014 Additions to the Building Ministry of Public Works -

UAE Governmental Institutions:

Ministries and Municipalities

8 4/26/2014 5/13/2014 Provision of Bottoms Maintenance School

Ministry of Public Works - UAE

Governmental Institutions: Ministries and Municipalities

9 4/26/2014 6/4/2014 Creation and Delivery of Building Civil Defense

Department

Ministry of Public Works - UAE

Governmental Institutions: Ministries and Municipalities

10 4/26/2014 6/4/2014 Create and Accomplish Center Building

Ministry of Public Works - UAE

Governmental Institutions: Ministries and Municipalities

11 4/26/2014 5/13/2014 Provision of Maintenance School Riffa Secondary

School

Ministry of Public Works - UAE

Governmental Institutions: Ministries and Municipalities

12 4/29/2014 5/19/2014 Renovation of the First Floor

Abu Dhabi Chamber of Commerce & Industry

Services: Associations

13 4/29/2014 5/13/2014 Provision of Electrical Installations - Maintenance

Management

Dubai Police Governmental Institutions: Justice and Public Services

14 4/29/2014 5/18/2014 Design and construction of Extending Sheikh Zayed

Bin Sultan Street

Department of Transport - Abu Dhabi

Construction

15 4/29/2014 5/11/2014 Construction of Windbreaks Al Ain Municipality Construction

16 4/29/2014 5/19/2014 Provision of EPC of Road and River Crossings of

Pipelines and Cables Petrochina International Iraq

Fze Services: Associations

17 4/29/2014 5/12/2014 Construction and Completion of a Residential

Complex

Ministry of Public Works - UAE

Governmental Institutions: Ministries and Municipalities

18 4/29/2014 5/12/2014 Construction and Completion of a Residential

Complex Ministry of Public Works -

UAE Governmental Institutions:

Ministries and Municipalities

19 4/29/2014 5/13/2014 Provision of Perform the Expansion Custody Light Ministry of Education Construction: Construction

and Design

20 4/30/2014 6/2/2014 Supply, Installation, Testing and Commissioning of

Short Zone Protection for 400 kV Feeders

Dubai Electricity and Water Authority

Governmental Institutions: Regulatory and Administrative

Bodies

21 4/30/2014 5/29/2014 Design, Develop and Deliver Farm Worker Training

Program

Abu Dhabi Farmers Services Centre

Services: Associations

22 4/30/2014 5/21/2014 Design and Build 2 Nos. New 132/11 kV Substations Nakheel Retail Real Estate: Real Estate

Management

23 4/30/2014 5/12/2014 Headlining and Spatial Extension of the City of Al Ain

and its Territory Project

Department of Municipal Affairs

Unknown Sector

24 5/2/2014 5/14/2014 Supply and Installation of Fire Alarm Systems in the

Barracks Building

Dubai Police Governmental Institutions: Justice and Public Services

TIMMINT Market Intelligence Weekly Report 02-08 May 2014

12

25 5/2/2014 5/18/2014 Provide Automatic Sliding Doors Dubai Health Authority Governmental Institutions:

Regulatory and Administrative Bodies

26 5/3/2014 6/3/2014 Completion of a Dwelling Valley Ojaili / Ras Al

Khaimah

Ministry of Public Works - UAE

Governmental Institutions: Ministries and Municipalities

27 5/5/2014 5/13/2014 Maintenance, Renovation and Additions Works for

School

Ministry of Public Works - UAE

Governmental Institutions: Ministries and Municipalities

28 5/5/2014 5/13/2014 Maintenance and Renovation Works for the Fence

Ministry of Public Works - UAE

Governmental Institutions: Ministries and Municipalities

29 5/5/2014 5/13/2014 Maintenance, Renovation and additions Works for

Kindergarten Ministry of Public Works -

UAE Governmental Institutions:

Ministries and Municipalities

30 5/5/2014 5/19/2014 Provision of Landscaping Works Institute of Applied

Technology Unknown Sector

31 5/5/2014 5/15/2014 Design Work for the Alarm Systems and Fire

Fighting Buffers Sharjah City Municipality

Governmental Institutions: Ministries and Municipalities

32 5/5/2014 5/15/2014 Drilling Water Wells in the Book Clasped Vehicles Sharjah City Municipality Governmental Institutions:

Ministries and Municipalities

33 5/5/2014 5/11/2014 Providing Contractual Services Develop an Electricity

Supply Model International Renewable

Energy Agency Services: Associations

34 5/5/2014 6/18/2014 Provision of Electro Mechanical Maintenance of

Buildings Dubai Electricity and Water

Authority

Governmental Institutions: Regulatory and Administrative

Bodies

35 5/5/2014 5/26/2014 Providing Coastal Protection Works Tourism Development and

Investment Company Construction: Construction

and Design

36 5/5/2014 5/19/2014 Provision of Civil Works Institute of Applied

Technology Unknown Sector

37 5/5/2014 6/18/2014 Provision of Electromechanical Maintenance of

Dewa Buildings Dubai Electricity and Water

Authority

Governmental Institutions: Regulatory and Administrative

Bodies

38 5/5/2014 5/19/2014 Design and Build Construction of Major

Infrastructure Projects Mubadala Development

Company Financial Services: Investment

Firms and Funds

39 5/6/2014 5/19/2014 Protective and Corrective Maintenance for All Dubai

Police Departments and Police Stations Dubai Police

Governmental Institutions: Justice and Public Services

40 5/6/2014 5/19/2014 Protective and Corrective Maintenance for all Dubai

Police Departments and Police Stations-Phase 14/2014

Dubai Police Governmental Institutions: Justice and Public Services

41 5/6/2014 5/19/2014 Protective and Corrective Maintenance for all Dubai

Police Departments and Police Stations-Phase 17/2014

Dubai Police Governmental Institutions: Justice and Public Services

42 5/6/2014 5/19/2014 Protective and Corrective Maintenance for all Dubai

Police Departments and Police Stations Dubai Police

Governmental Institutions: Justice and Public Services

43 5/7/2014 5/18/2014 Maintenance of IT Department Dubai Health Authority Governmental Institutions:

Regulatory and Administrative Bodies

44 5/8/2014 6/23/2014 Provision of Surface Parking Improvement of

Sectors Abu Dhabi Department of

Transport

Governmental Institutions: Regulatory and Administrative

Bodies

45 5/8/2014 5/22/2014 Provision of Work of Internal Roads and

Infrastructure for 576 Residential Land Plots Abu Dhabi Municipality

Governmental Institutions: Ministries and Municipalities

46 5/8/2014 5/19/2014 Supply and Install of Extruded Aluminium Cordless

Window Curtain Track Ministry of Health - UAE

Governmental Institutions: Ministries and Municipalities

47 5/8/2014 6/16/2014 Installation and Commissioning of 11 KV Cables Dubai Electricity and Water

Authority

Governmental Institutions: Regulatory and Administrative

Bodies

TIMMINT Market Intelligence Weekly Report 02-08 May 2014

13

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