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Ajman Avenue

Opportunity to invest in the development of a unique entertainment, hospitality and retail offering in Ajman Investment Summary | October 2017. Ajman Avenue. Contents. Slide.

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Ajman Avenue

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  1. Opportunity to invest in the development of a unique entertainment, hospitality and retail offering in Ajman Investment Summary | October 2017 Ajman Avenue

  2. Contents Slide The Opportunity ........................................................................................................................... 4 Concept ............................................................................................................. 19 Location Map ...................................................................................................... 21 Key Economic Drivers ............................................................................................ 23 2

  3. Content 3

  4. The Opportunity • Al Wardiah General Trading has been offered a plot of land in Ajman. The land area is 92,000 sq.m • The project is a mixed-use development consisting of 210 furnished apartments, shopping mall (774 shops), F&B complex, convention center, entertainment center, medical center and Kids area. • The permissible footprint area on the land is 85,588 sq.m and it has a combined Gross Floor Area (“GFA”) of two floors; the total build up area of the project is 243,000 sq.m with total leasable area of 173,400 sq.m • The land is situated right next to the existing City Center Mall in Ajman and is surrounded by roads on all four sides • The estimated payback period is 7 years and the project IRR is 16% 4

  5. Ajman Avenue – Unique Core Competencies • Ajman Avenue will be positioned as unique, innovative and favored destination of choice for tourists, retailers and shoppers and families. • The shopping center not only covers retail shopping but also presents entertainment element, which will contribute to higher footfall such as F&B complex, Medical center, convention center and other activities. • The unique traditional design of the building supported by state of the art technologies will give the project a competitive advantage. • Ajman Avenue will have panoramic sliding sunroof systems to provide natural sunlight, fresh air and latest sunscreens technologies to provide convenient shading during summer time. • Ajamn Avenue will emphasize technological innovation, traditional Kuwaiti architectural style with traditional alleyways (“Fareej”) and traditional courtyard (“Alhoush”) to resemble a unique heritage village. 5

  6. AJMAN AVENUE AJMAN, UNITED ARAB EMIRATES 6

  7. AJMAN AVENUE AJMAN, UNITED ARAB EMIRATES 7

  8. AJMAN AVENUE AJMAN, UNITED ARAB EMIRATES 8

  9. AJMAN AVENUE AJMAN, UNITED ARAB EMIRATES 9

  10. AJMAN AVENUE AJMAN, UNITED ARAB EMIRATES 10

  11. AJMAN AVENUE AJMAN, UNITED ARAB EMIRATES 11

  12. AJMAN AVENUE AJMAN, UNITED ARAB EMIRATES 12

  13. AJMAN AVENUE AJMAN, UNITED ARAB EMIRATES 13

  14. AJMAN AVENUE AJMAN, UNITED ARAB EMIRATES 14

  15. AJMAN AVENUE AJMAN, UNITED ARAB EMIRATES 15

  16. AJMAN AVENUE AJMAN, UNITED ARAB EMIRATES 16

  17. AJMAN AVENUE AJMAN, UNITED ARAB EMIRATES 17

  18. Concept Introduction • Ajman Avenue will become the mixed-use development of choice in Ajman for retailers, tourists, office tenants, hotel visitors, students and F&B operators. • Ajman’s GDP size in the year 2015 was recorded of which less than 5% is generated from oil. So, Ajman’s economy is stable and will not see significant volatility due to oil prices. • With a total gross leasable area of approximately 114,826 sqm, Ajman Avenue will operate under a 24-hour concept, attracting day, night, and late-night crowds alike. 18

  19. Concept Ajman Avenue Component Overview Hospitality Retail • 774 shops including 22 anchor tenants • 2,700 car parking • A mix of anchor and supporting stores • 210 Furnished Apartments: • 1bedroom-60 units • 2bedroom-120 units • 3bedroom-30 units Entertainment center and Kids area F&B Complex 47,000 sqm of build up area. It also includes Medical and convention centers. 46 F&B outlets A mix of quick service restaurants, specialty restaurants, Cafés and high-end restaurants. 19

  20. Location Map Ajman Office: P.O. Box 16744 Office No. 1904 Al Nakheel 2 ,City Center Sector Ajman, United Arab Emirates Dubai Office: Al Mozna Bldg. Office 201-202 Al Quasis, Dubai United Arab Emirates 20

  21. AJMAN AVENUE AJMAN, UNITED ARAB EMIRATES 21

  22. Key Economic Drivers 22

  23. Ajman Key Economic DriversIntroduction Key Facts and Figures • Ajman has made rapid economic growth over the past years. The GDP growth rate is at 4.0 to 4.5% annually with an inflation growth rate below 2.0%. • The primary driver of Ajman’s economy is the manufacturing sector. • Ajman is placed at a suitable distance from Dubai and Sharjah, and so families prefer to live in Ajman and commute to their work in Dubai or Sharjah due to more competitive living costs. • Ajman University of Science and Technology is considered among the top 50 Arab universities and attracts students from all across the Arab World (9,230 enrolled students distributed among 9 colleges). Page Page Population(2015) 350,000 Capital AjmanCity Currency UAE, Dirham Peak Temperature 40-44 degrees C 23

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