DTZ’s hospitality team was appointed to conduct a residual valuation exercise for Oqyana, the developer behind ‘Australia’, on The World development; a mixed-use project on reclaimed land off the coast of Dubai in the United Arab Emirates.
Overview
The work of DTZ’s hospitality team to complete a residual valuation exercise for Oqyana, the developer behind ‘Australia’, on The World development.
What DTZ did
DTZ provided a detailed written report outlining the following:
- General commentary on Dubai’s different markets relative to the proposed scheme
- Approach to valuation
- Valuation findings and sensitivity analysis
- General advice on the approach to be adopted with potential investors
Results
The outcome enabled the client to understand that potential investors may consider developing parts of the project and bring in operators or end-purchasers.
Furthermore, the client could enter into meaningful negotiations with shortlisted developers and/or operators in order to secure the best terms possible.