This Presentation was made by Ahmet Kayhan, REIDIN.com CEO, during the conference call 'Dubai Real Estate: Boom or Bust' organised by VTB Capital on 6th June 2013.

2. Number of Cash Transaction
Number of Mortgage
Transaction
Total Transactions
Apartment 3,340 704 4,044
Villa 734 453 1,187
Total 4,074 1,157 5,231
3,340
704
4,044
734
453
1,187
4,074
1,157
5,231
-
1,000
2,000
3,000
4,000
5,000
6,000
NumberofTransactions
2Source: DLD

3. Total Value of Cash
Transactions
Total Value of Mortgage
Transactions
Total Value
Apartment 4,287,558,066 1,448,197,681 5,735,755,747
Villa 3,033,090,766 1,542,090,663 4,575,181,429
Total 7,320,648,832 2,990,288,344 10,310,937,176
4,288
1,448
5,736
3,033
1,542
4,575
7,321
2,990
10,311
-
2,000
4,000
6,000
8,000
10,000
12,000
ValueoftransactionsinAED
Millions
3
Source: DLD

4. 5,151
1,030
6,181
4,074
1,157
5,231
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Number of Cash
Transaction
Number of Mortgage
Transaction
Total Transactions
NumberofTransactions
2012 Q4 2013 Q1
12%
-15%
4
-21%
When compared to previous
quarter, in the first quarter of 2013;
The number of cash transactions
decreased to 4,074 from 5,151 a
decrease of -21%.
The number of mortgage
transactions increased to 1,157
from 1,030 an increase of 12%.
The number of total transactions
decreased to 5,231 from 6,181 a
decrease of -15%.

5. 8,107
2,189
10,296
7,321
2,990
10,311
-
2,000
4,000
6,000
8,000
10,000
12,000
Total Value of Cash
Transactions
Total Value of Mortgage
Transactions
Total Value
ValueoftransactionsinAEDMillions
2012 Q4
37%
-0.15%
5
-10%
When compared to previous
quarter, in the first quarter of 2013;
The value of cash transactions
decreased to AED 7,321 Million
from AED 8,107 Million a decrease
of -10%.
The value of mortgage transactions
increased to AED 2,990 Million
from AED 2,189 Million an increase
of 37%.
Although there is a decrease of
-15% in the total number of
transactions, the value of total
transactions stayed at AED 10,311
Million, almost same with the
previous quarter.

6. 1.108 1.197
1.089 1.230 1.284
1.500 1.488 1.379 1.357
2.057
4.345
4.228
3.936 3.927
4.132
2.821
3.385
2.947
3.138
3.404
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5
Apartment Apartment Apartment Apartment Apartment Villa Villa Villa Villa Villa
2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1
ValueinAEDMillions
Average Ticket Size of Cash Value Average Ticket Size of Mortgage
Average Ticket Size of Cash Value Average Ticket Size of Mortgage
6

7. Dubai
Marina
Emirates
Living
Palm
Jumeirah
Business
Bay/Dow
ntown
Jumeirah
Lake
Towers
Arabian
Ranches
Dubai
Sports
City
Internati
onal City
IMPZ
Discover
y
Gardens
Jumeirah
Village
2012 Q3 1,059 1,604 823 1,256 579 626 169 176 29 45 190
2012 Q4 2,899 2,164 1,106 1,969 940 768 184 266 17 41 323
2013 Q1 1,950 2,515 1,301 2,276 667 734 194 202 32 95 298
1,059 1,604 823 1,256 579 626 169 176 29 45 190
2,899
2,164
1,106
1,969
940
768
184
266
17 41
323
1,950
2,515
1,301
2,276
667 734
194 202
32 95
298
-
500
1,000
1,500
2,000
2,500
3,000
3,500
ValueinAEDMillions
7
Source: DLD

8. 1.6
1.7
1.8
1.9
2.0
2.1
2.3
2.4
2.5
2.6
2.7
2.8
3.0
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
i
n
M
i
l
l
i
o
n
s
8

9. 2011 Q1 2011 Q2 2011 Q3 2011 Q4 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1
Dubai - General 166.5 166.9 168.9 172.3 175.6 183.1 191.1 200.4 205.9
Dubai - Apartment 150.2 149.8 150.0 152.3 154.8 160.5 167.4 176.4 181.5
Dubai - Villa 291.9 298.7 313.6 325.8 335.3 356.9 372.6 384.7 390.8
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
450.0
Index,2003=100
2.7%
2.9%
9
Source: REIDIN.COM
1.6%

10. 2011 Q1 2011 Q2 2011 Q3 2011 Q4 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1
Dubai - General 68.0 69.4 70.2 70.5 71.1 72.2 74.3 77.2 78.4
Dubai - Apartment 64.9 66.1 66.6 66.6 67.1 68.5 70.6 73.1 73.9
Dubai - Villa 88.3 90.5 93.9 95.9 97.0 96.2 98.1 103.0 106.8
0.0
20.0
40.0
60.0
80.0
100.0
120.0
Index,2009=100
1.5%
1.0%
10
Source: REIDIN.COM
3.7%

11. 11
Source: JLL

12. 12.2
13.0 13.0 13.0
13.8
11.1
12.4 12.6 12.4
13.2
19.0
15.8
14.9
15.3
16.4
10.0
12.0
14.0
16.0
18.0
20.0
Jan-09 Jan-10 Jan-11 Jan-12 Jan-13
Y
e
a
r
s
Jan-09 Jan-10 Jan-11 Jan-12 Jan-13
Dubai - General 12.2 13.0 13.0 13.0 13.8
Dubai - Apartment 11.1 12.4 12.6 12.4 13.2
Dubai - Villa 19.0 15.8 14.9 15.3 16.4
12
Price to Rent Ratio
Source: REIDIN.COM
Price-to-Rent Ratio
is a calculation
utilized in the Rent
Vs. Buy Index that
compares the totals
costs of
homeownership
with the total cost of
renting a similar
property. In other
words, if an investor
buys an apartment
unit and rents it out,
how many years
takes to pay for
itself. Because of
sales prices
outperform rent
prices, P-R-R is
increasing.

13. 327 342 354 357
385 397
28 12 1
0
100
200
300
400
500
2010 2011 2012 2013 2014 2015
Supplyin'000
Dubai Residential Supply
Completed Stock Future Supply
13
Source: JLL & REIDIN.com
Around 2,200 residential units
have been handed over in 2013 Q1.
The most notable delivers include
Spirit Tower in Sports City, Lakeside
Tower in JLT, Bay Central in Dubai
Marina and Al Furjan Villas by
Nakheel.
Most of the upcoming residential
supply will be located outside of
Central Dubai in areas to the South
and East of the city. The largest
proportion of future supply will be
delivered in the Dubailand (7,900
units), Business Bay (3,800 units)
and Dubai Sports City (3,800 units)

14. 14
Source: Central Bank of UAE, Real estate mortgages may include real estate construction financing which may not be standard or Islamic mortgages.
28.28
56.47
125.83
141.71
163.19 161.53 160.87 162.65 161.97
0.00%
100.00%
200.00%
300.00%
400.00%
500.00%
600.00%
700.00%
0
20
40
60
80
100
120
140
160
180
2006 2007 2008 2009 2010 2011 Mar-12 Jun-12 Oct-12
inBillionsofAEDs
Year 2006 2007 2008 2009 2010 2011 Mar-12 Jun-12 Oct-12
Mortgage Advances in
Billions of AEDs 28.28 56.47 125.83 141.71 163.19 161.53 160.87 162.65 161.97