¶ … Construction Project Financing/Valuation
Market Review
A brief search of Internet-listed one-bedroom apartments in Abu Dhabi confirms a current yearly rental price of AED 75,000 for most properties in the city (JustRentals.com, 2012). Many apartments located in different buildings and in different [arts of the city are listed for exactly this amount, though some were also found for lower (AED 60,000) and several were found that were higher (approx. AED 85,000), however as an average current price AED 75,000 seems quite accurate (JustRentals.com, 2012). Likewise, an estimation of AED 120,000 as the current annual average rent for a two bedroom is also fairly accurate; there is a greater variance observed in prices for two bedrooms that is likely reflective of differences in actual size and also appears to be neighborhood- and building-driven to a greater degree than is the pricing of one-bedroom apartments, however AED 120,000 does seem to be a fair median estimate of rental rates for two bedroom apartments for the entire region of Abu Dhabi as a whole (JustRentals.com, 2012; PropertyWire.com, 2012).
The estimation of a five-percent drop per year in this price for only the next three years followed by a stabilization in price may perhaps be optimistic. Rental rates in Abu Dhabi generally fell five percent just in the first quarter of 2012, with some areas falling much more steeply (PropertyWire.com, 2012). In addition, many analysts are predicting steeper and ongoing price drops due to the number of properties still under construction. When these properties reach the market, the already-present over supply will become much more extreme, which will all but certainly lead to further price drops for residential rental properties (PorpertyWire.com, 2012). Not only will this growing over-supply lead to lower prices for properties, but occupancy...
……South African Municipalities Municipal Revenue Loss Reduction through Improved Municipal Valuation Methodologies:Balance Sheet Enhancement of South African Municipalities to Improve Rates and Taxes Revenue GenerationAbstractThis study examines the property valuation process of Municipalities in South Africa and develops a strategy for strengthening that process in order to more efficiently value properties and ultimately to enhance municipal balance sheets and increase revenue streams. This study proposes an innovative valuation method based
In contrast, within the firm, the entrepreneur directs production and coordinates without intervention of a price mechanism; but, if production is regulated by price movements, production could be carried on without any organization at all, well might we ask, why is there any organization?" (Coase, 1937, p. 387) In simpler words if markets are so efficient why do firms exist? Coase explains, "the operation of a market costs something
3 million buildings and plots of land. If it can conservatively be assumed that a minimum of five persons are affected for each business and a minimum of two persons for each building, then some 5 million people are directly involved in property-restitution claims - nearly a third of the population of the new Lander. (Blacksell et al., 1996, p. 200) Since December 1991, the number of claims filed with the
Finance-dominated proponents also maintain that boom economic periods generate a more varied divergence of valuations that fuel merger activity (Medlen 2007). In this regard, Medlen concludes that, "Taken collectively, these understandings may explain some of the merger activity in booms, but they involve certain asymmetries that undercut their explanatory power. High stock valuations allow stock to be utilized as currency and collateral for takeovers; yet stock booms also make
Finance Financial Projections for Touch My Knuckles Touch My Knuckles, a firm selling mixed martial arts appeal, including shirts, fleeces, hats and sweatshirts will provide a great potential for investment. The aim of this paper is to look at the financial statements for the first three years of operating, including start-up costs, cash flow, income statement and balance sheet. Following the financial analysis consideration will be given to the way in which
Principal-Agent Model in Economics and Political Science The international political perspectives of free trade A Global Analysis International Trade Impact on Tunisia The Export of agricultural products International trade and development of Tunisia Balance in the Trade Regime Imports and exports of Tunisia Exports Imports Coping With External and Internal Pressures The Common External Tariff (CET) Safeguard Measures Anti-Dumping Duties (ADDs) and Countervailing Duties (CVDs) Rules of origin The New Commercial Policy Instrument Sector Based Aspects GATT/WTO's Main Principles Non-discriminatory trade Multilateral negotiation and free trade The Trading Policies
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