Global Capital Partners FZ LLC

All eyes have been fixed firmly on JVC of late - but should more attention be given to Al Furjan? As another mid market community with impressive performance across the past ten years, it is especially noteworthy how similar Furjan's performance has been to JVC's, despite the skew in commentary and media coverage towards the latter community. Of course, this is on the back of far lower overall sales volume, but it is not as though Furjan has seen low sales volume in absolute terms - it is just that no community can come close to the monstrous sales volume seen in JVC. The latest report from GCP and REIDIN - Data Analytics breaks down the evolution of community sales performance for Furjan across the past ten years, and compares it with JVC to put into context how impressive the trends are. Find the full PDF copy below, as well as on our website! #uae #dubai #business #economics #imf #affordability #affordable #comparison #housing #macroeconomics #money #finance #realestate #property #market #money #offplan #ready #jvc #capital #value #growth #ready #homes #trends #data #research #analytics #gcp #sameerlakhani #recession #boom #gcc #politics #power #oil #forex #inflation #emergingmarket #currency #investmentadvisory #worldeconomy #yieldcurve #banking #energy #reidin #mortgagerates #interestrate #fiscalpolicy #monetarypolicy #credit #em #emcurrency #gold #familyoffice #gccfamilyoffice #commodities #investment #investmentideas #mean #meanreversion #investor #jumeirah #jvc #circle #village #furjan

‘Dull, duller, Dulles(t)’ is how Churchill described the ex-chief of the CIA Allen Dulles in his writings - but it just as easily could describe the coverage of Salik. With low periodic maintenance costs, underlying free cash flow is often much higher than the reported net profit. It is this variable that has been ignored by domestic analysts, who have scrambled to increase their targeted price for Salik on a repeated basis, when profitability and cash flow have exceeded estimates on a regular basis. It is somewhat curious to note the concerns on valuations when the same group of analysts remain exuberant on companies with much higher valuation ratios to begin with, so long as the business is in some way associated with technology and/or AI. Whilst there remains no doubt that stocks like Parkin and Salik share components of both annuity-oriented streams as well as underlying growth, so long as inflation remains a concern, these companies will continue to remain primary beneficiaries and any pullback in price is further reason to add to the holdings. #uae #dubai #adx #dfm #abudhabi #capitalmarkets #capital #market #stock #shares #financialmarket #finance #acquisition #aramex #adq #fund #logistics #business #economy #economics #ipo #equity #equitymarket #money #value #phoenixgroup #cryptocurrency #bitcoin #crypto #shareholder #gains #growth #investment #investing #blockchain #ai #kingdollar #foreignmarkets #federalreserve #interestrate #fiscalpolicy #monetarypolicy #tech #yield #stockpicks #dollarindex #interestrate #forex #currencies #inflation #commodities #tradeideas #credit #gcc #familyoffice #earning #banking #power #currencies #recession #ipo #salik #dfm #valueinvesting #tolloperators #inflationhedge

We stated that affordability would be a key theme for Dubai's property market this year - and we are certainly holding true to that claim. The latest report from GCP and REIDIN - Data Analytics looks at Dubai's affordability trends in an international context, and approaches the discourse through the lens of two key metrics: the price-to-rent and price-to-income ratios. Looking at Dubai in a vacuum according to these ratios shows that the city is at least just as unaffordable as it was five years ago. Comparing Dubai to other major international cities, on the other hand, returns mixed results. Curious as to how this manifests in the data? Find the full report below, or at our website! #uae #dubai #business #economics #imf #affordability #affordable #newyork #houston #london #riyadh #paris #hongkong #hk #international #comparison #housing #macroeconomics #money #finance #realestate #property #market #money #offplan #ready #jvc #capital #value #growth #ready #homes #trends #data #research #analytics #gcp #sameerlakhani #recession #boom #gcc #politics #power #oil #forex #inflation #emergingmarket #currency #investmentadvisory #worldeconomy #yieldcurve #banking #energy #reidin #mortgagerates #interestrate #fiscalpolicy #monetarypolicy #credit #em #emcurrency #gold #familyoffice #gccfamilyoffice #commodities #investment #investmentideas #mean #meanreversion #investor

US markets are slowly swallowing the rest of the world - at least, according to analysts like Ben Carlson and Barry Ritholtz. The graph below shows that the United States accounts for 26% of GDP weight in MSCI's All-Country World Index (ACWI), yet makes up 65.4% of market cap weightage. Of course, global investors have gravitated towards the US as an economic powerhouse, with many of the largest companies in the world being American. One way to read this is to infer that nobody can challenge the USA's economic might. Alternatively, in an age where other players like China are emerging in their own right as economic powers, there is an argument to be made to the contrary. As investors continue to hunt for value wherever they can, there is a scenario where US companies start to see negative returns and money moves to emerging markets. #usa #china #msci #uae #dubai #adx #dfm #abudhabi #capitalmarkets #capital #market #stock #shares #financialmarket #finance #business #economy #economics #ipo #equity #equitymarket #money #value #phoenixgroup #cryptocurrency #bitcoin #crypto #shareholder #gains #growth #investment #investing #blockchain #ai #kingdollar #foreignmarkets #federalreserve #interestrate #fiscalpolicy #monetarypolicy #tech #yield #stockpicks #dollarindex #interestrate #forex #currencies #inflation #commodities #tradeideas #credit #gcc #familyoffice #earning #banking #power #currencies #recession

We stated that affordability would be a key theme for Dubai's property market this year - and we are certainly holding true to that claim. The latest report from GCP and REIDIN - Data Analytics looks at Dubai's affordability trends in an international context, and approaches the discourse through the lens of two key metrics: the price-to-rent and price-to-income ratios. Looking at Dubai in a vacuum according to these ratios shows that the city is at least just as unaffordable as it was five years ago. Comparing Dubai to other major international cities, on the other hand, returns mixed results. Curious as to how this manifests in the data? Find the full report below, or at our website! #uae #dubai #business #economics #imf #affordability #affordable #newyork #houston #london #riyadh #paris #hongkong #hk #international #comparison #housing #macroeconomics #money #finance #realestate #property #market #money #offplan #ready #jvc #capital #value #growth #ready #homes #trends #data #research #analytics #gcp #sameerlakhani #recession #boom #gcc #politics #power #oil #forex #inflation #emergingmarket #currency #investmentadvisory #worldeconomy #yieldcurve #banking #energy #reidin #mortgagerates #interestrate #fiscalpolicy #monetarypolicy #credit #em #emcurrency #gold #familyoffice #gccfamilyoffice #commodities #investment #investmentideas #mean #meanreversion #investor

The UAE's secondary capital market looks to be alive and well. Local logistics firm Aramex has disclosed an offer received by Q Logistics Holding LLC - a subsidiary of Abu Dhabi's sovereign wealth fund ADQ - to acquire up to 100% of issued and paid up shares not already owned by Abu Dhabi Ports Group (which itself is 75.42% owned by ADQ). This would amount to a 77.31% stake for Q Logistics if Aramex's shareholders decide to accept. The offer is reportedly AED 3.00/share, which represents a 33% premium over the last closing price of AED 2.25/share (as of Jan 9th). This suggests some value discovery that is not reflected in Aramex's current valuation, and augurs well for secondary market activity. #uae #dubai #adx #dfm #abudhabi #capitalmarkets #capital #market #stock #shares #financialmarket #finance #business #economy #economics #ipo #equity #equitymarket #money #value #phoenixgroup #cryptocurrency #bitcoin #crypto #shareholder #gains #growth #investment #investing #blockchain #ai #kingdollar #foreignmarkets #federalreserve #interestrate #fiscalpolicy #monetarypolicy #tech #yield #stockpicks #dollarindex #interestrate #forex #currencies #inflation #commodities #tradeideas #credit #gcc #familyoffice #earning #banking #power #currencies #recession #aramex #acquisition

2024 certainly presented a large cake for the taking for local developers - but who took the largest slice? Dubai on the whole saw approximately AED 510 billion in overall total value for residential transactions for the year. Emaar was responsible for a quarter of that value, standing head and shoulders above all other developers with AED 127.6 billion in its transaction value alone. In second place was Nakheel, contributing 9% of Dubai's total residential transaction value for the year. It should come as no surprise that the two major government-owned developers took the top two spots, but the private sector rounds out the remainder of the top five, with Damac, Sobha and Meeras being responsible for 7.8%, 5.3% and 4.5% of the city's total value respectively. Outside of these five, the rest of the market was responsible for 48.4% of the city's residential transaction value, which in part owes to the growth seen in the real estate sector with the plethora of smaller and new developers. #uae #dubai #business #economics #affordability #affordable #housing #macroeconomics #money #finance #realestate #property #market #money #offplan #ready #capital #value #growth #ready #homes #trends #data #research #analytics #gcp #sameerlakhani #recession #boom #gcc #politics #power #oil #forex #inflation #emergingmarket #currency #investmentadvisory #worldeconomy #yieldcurve #banking #energy #reidin #mortgagerates #interestrate #fiscalpolicy #monetarypolicy #credit #em #emcurrency #gold #familyoffice #gccfamilyoffice #commodities #investment #investmentideas #mean #meanreversion #investors #developer #development #emaar #nakheel #meeras #sobha #property #damac

One of Dubai's best-performing private sector IPOs just released its first quarter results for the 2024-2025 financial year - and perhaps there is more than meets the eye. Taaleem Holdings is a school operator whose financial reporting calendar aligns with the academic year - hence their first quarter being September to November 2024. The company reported top-line revenue of just over AED 306 million, which is up 14.84% from the same quarter last year. Taaleem also acquired two plots of land in Dubai and Abu Dhabi for the purpose of constructing new schools. In tandem with the acquisition of French school Lycee Libanais Francophone Prive (LLFP) Meydan, the launch of Dubai British School (DBS) Jumeirah and the increase in capacity in Greenfield International School, Taaleem saw significant growth in its long-term operational assets - Property Plant and Equipment (PPE) is up 31.3% from the previous quarter (ended August 31, 2024). With this, however, also comes a 45.19% quarterly increase in the company's deferred tax liabilities. This is likely in response to a timings mismatch between income recognition and expected future tax payments as a result of the UAE's new 9% corporate tax law. The heavy capital investments made by Taaleem may lead to higher tax deductions in the short term as a result of accelerated depreciation accounting, but could affect future profitability when these deducted taxes are due. Since its IPO, Taaleem has netted a 47% total return for investors, with its share price up 39.33%. In the last 12 months, the share price is up just 4.5%, with a current price (at the time of writing) of AED 4.18/share. #uae #dubai #adx #dfm #abudhabi #capitalmarkets #capital #market #stock #shares #financialmarket #finance #business #economy #economics #ipo #equity #equitymarket #money #value #phoenixgroup #cryptocurrency #bitcoin #crypto #shareholder #gains #growth #investment #investing #blockchain #ai #kingdollar #foreignmarkets #federalreserve #interestrate #fiscalpolicy #monetarypolicy #tech #yield #stockpicks #dollarindex #interestrate #forex #currencies #inflation #commodities #tradeideas #credit #gcc #familyoffice #earning #banking #power #currencies #recession #taaleem #education #holdings #school #results #academic

Will 2025 finally be the year that private sector IPOs catch up? Saudi Arabia's Tadawul has already seen two debutants get off to a flying start, with both being privately owned companies. Almoosa Health Company debuted at 127 Riyals (SAD) per share, and after seeing a near 103x oversubscription in its offering, now sits at 140.4 SAR/share, representing a 10.55% capital gain for investors in just two days. Nice One Beauty Digital Marketing set its initial price at just 35 SAR/share, but also saw a significant jump in price (after being oversubscribed 139.4 times) to the tune of 30% on its first day of trading. The stock is currently priced at 45.5 SAR/share. This could bode well for the UAE's own private sector IPOs, both those that are forthcoming as well as those that have already listed. After a rather tepid start, Talabat has bounced back this year to AED 1.64/share, 2.5% above its IPO price. However, it opened this year at AED 1.41/share, meaning that it has seen 16.31% capital gains in the first week of this new year alone. Similarly, although Lulu Retail Holdings still remains below its IPO price, it has seen its price climb 5.85% in 2025 so far. With the IPO pipeline showing no sign of slowing down, could this be the year that private sector IPOs are able to match the performance of privatized state-owned businesses? Keen investors will no doubt be watching closely to see whether this hot start can be maintained. #uae #dubai #adx #dfm #abudhabi #capitalmarkets #capital #market #stock #shares #financialmarket #finance #business #economy #economics #ipo #equity #equitymarket #money #value #phoenixgroup #cryptocurrency #bitcoin #crypto #shareholder #gains #growth #investment #investing #blockchain #ai #kingdollar #foreignmarkets #federalreserve #interestrate #fiscalpolicy #monetarypolicy #tech #yield #stockpicks #dollarindex #interestrate #forex #currencies #inflation #commodities #tradeideas #credit #gcc #familyoffice #earning #banking #power #currencies #recession #talabat #delivery #hero #commentary #saudi #arabia #tadawul #nice #one #beauty #almoosa #health #company

The Dubai Land Department's new rental index promises to swing the balance of bargaining power back in favor of tenants. The transparency brought by the index means that landlords will have a far harder time justifying rent increases, especially those managing older build quality buildings that have failed to keep up with regular maintenance. Home Owner Associations (HOAs) will feel the brunt of the pressure as the awarders of contracts facilities management companies. Landlords will likely turn to applying pressure on the HOAs to improve building amenities and facilitate the necessary upkeep of their buildings in order to attain higher ratings, and thus be able to justify higher rents. GCP Managing Director Sameer Lakhani is quoted in today's feature Gulf News Business story covering this topic. Find the full article below: https://lnkd.in/dvRtbYdP #uae #dubai #business #economics #affordability #affordable #housing #macroeconomics #money #finance #realestate #property #market #money #offplan #ready #capital #value #growth #ready #homes #trends #data #research #analytics #gcp #sameerlakhani #recession #boom #gcc #politics #power #oil #forex #inflation #emergingmarket #currency #investmentadvisory #worldeconomy #yieldcurve #banking #energy #reidin #mortgagerates #interestrate #fiscalpolicy #monetarypolicy #credit #em #emcurrency #gold #familyoffice #gccfamilyoffice #commodities #investment #investmentideas #mean #meanreversion #investors #rents #land #department #index #tenant #homeowner #association #maintenance #landlord