Central Plaza 2 ZONE 2, DOWNTOWN JEBEL ALI, DUBAI, U.A.E.
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Transcript of Central Plaza 2 ZONE 2, DOWNTOWN JEBEL ALI, DUBAI, U.A.E.
Central Plaza 2ZONE 2, DOWNTOWN JEBEL ALI, DUBAI, U.A.E.
www.limitless.ae
www.downtownjebelali.com
www.dubaiworld.ae
LIMITLESS L.L.C.
Real Estate Ports and Shipping
Industrial Parks
Investment and Finance
Hotels and Leisure
Marketplace
Dubai World group
Dubai World group’s project
WaterfrontPalm Jebel Ali Palm Jumeirah
The WorldPalm Deira
Waterfront
Al Maktoum International
Airport
Arabian Canal
ZAFZA
Dubai Land
International City
Jumeirah IslandTechno
Park ZAFZA
Mina RashidIbn
Battuta Mall
Investment Park
The Universe
LimitlessDJA, Zone 2
Nakheel’s Projects
Al Maktoum International
Airport
Dubai Land
Surroundings
Dubai Light Rail Transit
Map of Dubai
ZONE-2
ZONE-1
ZONE-3ZONE-4
25 miles
New International Airport Site
Persian Gulf
Business Bay
Jebel Ali
Old TownJumeirah
Al AinNew Airport
Dubai Land
International City
Site Location of Downtown Jebel Ali
Central Plaza 2
Dubai
Sheikh Zayed Road
DubaiLight Rail Transit
Station
Abu Dhabi
Halo SpaceRestaurant +Running Track
Office 2
Office 1 Residence
Retail + Event Center
Retail (BUA 8,078 SqM)+ Event Center (BUA 1,924 SqM)
Grand Terrace on Retail Floor (BUA 4,952 SqM)
Halo Space : Retail + Amenity (BUA 10,025 SqM)
Project Summary
Limitless LLC – Dubai World Group
Pelli Clarke Pelli (USA)
Downtown Jebel Ali, Center of Zone 2, Dubai, UAE
3 hectare Land, 130 m building height
Retail and Event Center in Podium, One Residence and Two Office Towers, Halo on the top
240,000m2
3,114 (5 Under-Ground Level for Office (2,126 Bays) & Retail (460 Bays), 6 Above-Ground Level for Residence (528 Bays))
developer
architect
site location
dimension
program
floor area
parking capacity
project cost AED 7.57B (Land AED 3.12B + Construction AED 3.90B + Others AED 0.55B)
Office
Residenc
e
Retail
Halo
Parking
147,076 m2 (Exclude Gym, Business Center)
64,405 m2 (Exclude Pool, Recreation Space)
8,078 m2 (Exclude Amenity)
9,087 m2
174,764 m2 (Excluded in BUA)
Sales
Sep Oct Nov Dec Jan Mar - Dec
May
2008 2009 20112010
tender of enabling work1.5 Month
main work
enabling work
24 Months
6 Months
15/04/09 14/04/11
Project Schedule
Feb
Trakees CD Approval
construction documentation
tender of main work
1 Month
13 Months
3 Months
15/10/08 14/04/09
Sales
Lease
TOTAL
11,973,000,000
3,168,000,000
15,141,000,00
0
AED
3,262,000,000
863,000,000
4,125,000,00
0
USDRevenue (net)
Land purchase
Construction
Soft cost
TOTAL
3,120,000,000
3,900,000,000
550,000,000
7,570,000,000
AED
850,000,000
1,065,000,000
150,000,000
2,065,000,000
USDCost (net)
Development Margin
Internal Rate of Return (IRR)
98.91 %
30.00 %
Performance Indicators
Residence Sell at AED 6,000 SqFtOffice Lease at AED 400 SqFtRetail Lease at AED 600 SqFtHalo Retail Lease at AED 800 SqFtEvent Center Lease at AED 1,400 SqFtParking Lease at AED 15,000 SqFt
Professional Fee, Statutory Fee, Development Cost,Sales Cost, Project Contingency 등
1USD = 3.67AED
Residence
Office
Retail
Halo
Event Center
Amenities (Total)
TOTAL
693,000
1,580,000
86,000
107,000
20,000
132,000
2,618,000
Sq. Ft
64,400
147,000
8,000
10,000
1,900
12,250
241,850
Sq. MFloor area (BUA)
Project Economics
Positive & Negative factors
Risk Factors Tight Construction Period : 30 Months
Complexity of Construction : Comprehensive Building
Structure
Insecure Investment : No Guarantee
Credibility : High benchmark selling & leasing rate
Unreliability : Forecast market recession around 2011
Attractive Factors Continuity : Four Central Plazas
Expansibility : Globalization with Limitless
Short Return Period : Launching Sales on December 2008
Stability : Master Developer (not only project developer)
Sociality : Multi-National Developer
Saeed Ahmed SaeedCEO
Dusan MillsHead of
Development
StrategyHead of
Corporate SvcHead of
ExcellenceHead of
governing board level
project executive level
Burton MangharamSr. Dev. Manager – Infra
AdelDev. Manager – CP4
TBADev. Manager – CP3
Greg JacobsProject Dev. Manager
TBAProject Dev. Manager
Kay Chuang TanProject Dev. Manager
ProjectHead of
ProjectHead of
ProjectHead of
ProjectHead of
Design Manager Construction Manager MEP Manager Structure Manager
IT Department Valuation Department Sales/Leasing Department Project Support Team
Salah AmeenExecutive Director – DJA
INFRASTRUCTURE CENTRAL PLAZA 1 CENTRAL PLAZA 2 CENTRAL PLAZA 3 CENTRAL PLAZA 4
DOWNTOWN JEBEL ALI
Finance/LegalHead of
organization chart
Yujun ImProject Dev. Manager
Faisal Al RaisiDev. Manager – CP2
Project Dev. Manager
Dev. Manager – CP1Ahmed Al Shareif
Graham Trethewey
CENTRAL PLAZA 2ZONE 2, DJA, DUBAI