Sunday, December 29, 2019
The Issue Of Child Marriage - 843 Words
For generations, there has been a global issue called child marriage when children under 18 years old are forced to get married. In this custom, girls have no choice but to follow the arrangement of their families and people in the communities to marry somebody that they do not want to, leading to many other social problems. Unfortunately, child marriage is still considered legal and accepted in many regions, making it harder than ever to be removed. Therefore, on behalf of every individual against this violation of human rights, I would like you to take this issue under serious consideration and put an end to it. With the position of Executive Director of the United Nationsââ¬â¢ Population Fund, I believe that you could have an influence on many countries by holding meetings, holding interviews and delivering speeches about child marriage. Throughout means of media like newspaper and social networks, your words could raise the alarm about this problem not only to the government, but also to populace all around the world. Your action would be a call to change people from reluctantly accepting child marriage into actively protesting it by raising funds for UNFPA to help protect girls from this custom. With these funds, UNFPA could co-operate with UN Women to conduct a project that aims to raise awareness to communities and empower girls. Professional activists would be sent to these focus countries to educate people, especially the leaders of the regions about the impacts ofShow MoreRelatedThe Issue Of Child Marriage1637 Words à |à 7 PagesIntroduction In the United States, marriage is seen as a sacred and consensual institution, but in developing countries, many children are introduced to marriage in a different manner. According to the United Nations Population Fund, one girl in every three is married before the age of eighteen in developing countries (Child Marriage, 1). Are the measures previously taken by the International Law community that attempt to put and end to child marriages an effective measure to stop this violationRead MoreThe Issue Of Child Marriage938 Words à |à 4 Pagescyclical and the best indicator if a child will end up in poverty is if her parents live in poverty. One common practices among families with girls living in poverty is child marriages. It has been found that poverty is the main driver of child marriage and traps girls and their families in a cycle of poverty (Poverty Girls). The practice of child marriage is more common in families who are already in poverty and perpetuates the cycle. In recen t years, child marriage has gained increasing prominenceRead MoreThe Issue Of Child Marriage Essay1266 Words à |à 6 PagesChild marriage is one of the hardest things a teenage child could face. It is basically a violation of childrenââ¬â¢s human rights. It is strictly prohibited by international law. Early marriage takes away the girls right to make important decisions about their sexual health and well being. Historically, patriarchal societies have marginalized women in various aspects across the world. Women disenfranchisement, in this way, is not a new phenomenon. However, with the passage of time women have been ableRead MoreThe Issue Of Child Marriage2721 Words à |à 11 PagesPractice and customs surrounding marriage, such as preferable age and selection of spouse differ from society to society, according to understandings, structures and patterns of lives of families in each society. Marriage is a basic human right which is legally defined by a set of stipulations. Th e existence of a minimum age for marriage is one of those conditions. Afghanistan is in the top of 49 countries for bride under age marriages. 70 to 80 % of the marriage in this country is either beforeRead MoreChild Marriage Is A Global Issue1609 Words à |à 7 PagesChild Brides are young girls married before the age of 18 years old. As of today, 1 in 3 girls are being married off in many developing countries.(girlsnotbrides.org) That is, 15 million girls under the age of 18, that are being deprived of an education, robbed of their innocence and childhood, are having their life jeopardized by health issues related to child marriage. Child marriage is a global issue, negatively affecting and violating the human rights of many young girls being married beforeRead MoreChild Marriages: A human rights issue2995 Words à |à 12 Pageslaying on a woven mat swearing suffering, terribly begging God to protect their newborns. These children wonââ¬â¢t be found in any official registers, nor will they ever posses any identification cards. Age is therefore determined by seasons, deaths, marriages, and moves. Within the household the power of decision goes to man of the house. The best way to understand the life of young girl in these desolate countries is by stepping in their shoes. In 2008, such a young girl welcomed the world into her homeRead MoreStruggle for Childrenââ¬â¢s Rights987 Words à |à 4 Pagesof a 10-year-old wife - who was suffering from child marriage (Worth, ââ¬Å"Voices Child Marriage Yemenâ⬠). Child marriage is a terrible scenario for children, especially for little girls. They are forced to marry, before they are mature enough due to social norms, traditions and their family members, whom they are depending on. According to statistics in 2013, in Bangladesh, the child marriage prevalence under the age of 18 is 66%. 240 among 100,000 child wives died, when they gave birth. In Niger, thisRead MorePersuasive Essay About Overpopulation1455 Words à |à 6 PagesOverpopulation issue and ways to help solve it The big question is whether humanity is getting too big and, in the process, endangering the wellbeing of people, and our planet. Overpopulation is a real thing itââ¬â¢s happening right now in some parts of the world. Delay marriage, ending child marriages, and women empowerment might not seem like a lot, but it actually is. All these things can help the overpopulation problem we are facing today in certain parts of the world and in the future. If we allRead MoreFamily Law Is An Area That Concern About Legal Issues Involving1283 Words à |à 6 Pages Family law is an area that concern about legal issues involving family relationships, such as marriage, divorce, adoption and child custody. Every country has its own family law and its typically influences by the issue, culture and religion in that country. In Malaysia, family law is divided into two categories; Islamic Family Law (Federal Territories) and the Law Reform (Marriage and Divorce). Malaysia is an Islamic country. Hence, this family law distinguishes between Muslims and non-MuslimsRead MoreChild Marriage Should Not Solve Our Problems With The Same Thinking Essay1549 Words à |à 7 Pagesworld, marriage is viewed as a minute of delight and festival however the act of early marriage gives no such foundation for festival. Child marriage characterized as formal relational unions or standard and legal unions perceived as marriage before the age of 18. Marriage is similar to a school; a college with guidelines and laws. In what capacity would we be able to anticipate that a y oung girl will manufacture a crew? In what capacity can a girl be a mother of another kid? Child marriage is a gigantic
Friday, December 20, 2019
Barriers to Health Promotion and Disease Prevention
Health promotion has been defined as the process of enabling people to increase control over their health and to improve it. This process requires personal participation and supportive environments. For people with disabilities, however, personal participation is often limited by non-supportive environments. Lack of knowledge on how to modify programs to meet specific needs, poor attitudes, and unfriendly environments often creates insurmountable barriers to participation for many people with disabilities. While innovative medical technology has increased the life span of individuals with disabilities, little attention has focused on improving their health span. The reportedly high incidence of chronic secondary conditions seen in personsâ⬠¦show more contentâ⬠¦Health disparities refer to differences between groups of people. These differences can affect how frequently a disease affects a group, how many people get sick, or how often the disease causes death. Many different populations are affected by disparities. These include â⬠¢ Racial and ethnic minorities â⬠¢ Residents of rural areas â⬠¢ Women, children, the elderly â⬠¢ Persons with disabilities While better nutritional habits are a major concern for most people with and without disabilities, there may be some specific differences in diet and nutrition guidelines pertaining to people with specific types of disabilities. Issues related to accessing healthy foods, determining food interactions with commonly used medications to control various secondary conditions ( pain, seizures, depression), and establishing specific requirements for food supplements ( vitamins, minerals, fluid intake) are all major concerns among people with certain disabilities. For example, people with spinal cord injury have a higher rate of bone loss after their injury, which increases their risk of osteoporosis. A few studies on persons with cerebral palsy and Down syndrome have also reported a higher incidence of osteoporosis. While it is the recommended daily allowance for calcium intake and vitamin D may need to be increased for certain types of disabilities to offset the rate of bone loss, recommen ded guidelines are not available. There are little dataShow MoreRelatedWindshield Survey and Health Care1579 Words à |à 6 PagesDuring the Community health rotation we had the opportunity to conduct a Windshield Survey in Warrenton, Virginia, a town in Fauquier County. Fauquier County was number eight in the United States Census Bureau list of the highest income counties in the United States. Despite this statistical data, while conducting the windshield Survey we were able to witness the prevalence of poverty in the community. At the 2000 Census, the population in Warrenton was 6,670, and by 2010 Census the population grewRead More Health Promotion among Diverse Populations Essays1267 Words à |à 6 Pagesï » ¿ Health Promotion among Diverse Populations Lisa A. Jennings Grand Canyon University: NRS-429V January 25, 2015 Title Hispanics are the largest and fastest growing ethnic minority group and there are estimated to be about 54 million living in the United States (Office of Minority Health Health Equity, YEAR). The Hispanics are a minority group that struggle every day to survive, to provide for their families, to stay healthy and to live quality lives. This paper will discuss theRead MoreHealth Promotion Among Black or African Population Gcu1095 Words à |à 5 PagesHealth Promotion Among Black or African American Population [Your Name] Grand Canyon University: Family-Centered Health Promotion(NRS-429V) January 10, 2016 Health Promotion Among Black or African American Population The Center for Disease Control and Prevention [CDC] (2015) notes that ââ¬Å"Starting in 1997, the Office of Management and Budget (OMB) requires federal agencies to use a minimum of five race categories: White, Black or African American, American Indian or Alaska NativeRead MoreHealth Promotion Among Diverse Community1053 Words à |à 5 Pages Health Promotion among Diverse Popul Grand Canyon University Family-Centered Health Promotion NRS-429V March 6, 2015 Hispanics are the largest and fastest growing ethnic minority group, estimated to be 54 million living in the United States of America. (Office of Minority Health and Health Equity). They work very hard to make both ends meet and also to stay in good health. They are relatively as a source of cheap labor in the American labor market This paper will dwell more on the HispanicRead MoreEssay on Nurses Promoting Mental Health1102 Words à |à 5 PagesPromoting Mental Health Introduction The World Health Organization defines health as ââ¬Å"a state of complete physical, mental and social well-being and not merely the absence of disease or infirmityâ⬠and that the ââ¬Å"enjoyment of the highest attainable standard of health is one of the fundamental rights of every human being without distinction of race, religion, political belief, economic or social condition.â⬠(World Health Organization. 2006) As nurses, health and health promotion are fundamentalRead MoreFederal Public Health and The Affordable Care Act and Public Health Reform1734 Words à |à 7 Pages The health of the American people lags behind those from other developed countries. Federal public health agencies have a wide range of responsibilities and functions which includes public health research, funding, and oversight of direct healthcare providers. It has been a long time since changes have been made to the way the federal government structures its health care roles and programs outside of Medicare and Medicaid (Trust, 2013). With healthcare reform on the horizon now is the time toRead MoreHispanic Group Culture, Socioeconomic, And Social Status843 Words à |à 4 Pageschallenges such as health problems, economics, and educations. According the United States census report, there are approximately 54 million Hispanic lives in the United States, which makes about 17% population of total nationââ¬â¢s population. Hispanic is the largest growing ethnicity in the United States today; however, they are also exposed to the health disparities, economic and social status. This paper will discuss the Hispanic group culture, socioeconomic on their health, current health status, theirRead MoreThe Prevention Efforts Towards Healthcare Associated Infections1035 Words à |à 5 PagesFirst one is the prevention, reductions and elimination of healthcare-associated infections; and secondly is the promotion of respiratory health by encouraging better prevention methods, seeking for routine check-ups and seeking for early treatment for those infected (US Dept. of Health and Human Services, 2000). Individual health is quite important and washing hands is one of the first steps towards controlling the spread of infections. According to Pessoa-Silva et al. (2007), hand washing remainsRead MoreAsian Americans : Asian American Women868 Words à |à 4 Pagescurrent health status of Asian American Asian Americans experiencing few health problems related to other ethnic groups. Asian American women have the highest life expectancy (85.8 years) of any other ethnic group in the U.S. There are many risk factors in Asian American health such as fear of deportation, language and culture barriers and lack of health insurance. 2 million AAS do not have the health insurance in the US. Their most high incidence of health conditions are cancer, heart disease, strokeRead MoreHealth Promotion Among Diverse Populations1340 Words à |à 6 PagesHealth Promotion Among Diverse Populations Marcia Maris Grand Canyon University NRS-429v November 14, 2015 The purpose of this paper is to discuss the health status of the American Indian/ Alaskan Native (AI/AN). A comparison and contrast of AI/ANs with the national average regarding the health status such as heart disease and strokes will be presented. Multifactorial barriers limiting health, and the overall factors affecting health within this population are identified. Current health
Thursday, December 12, 2019
Television and Media Violence TV and the Death o Essay Example For Students
Television and Media Violence TV and the Death o Essay f Immagination Media Argumentative Persuasive Essays TV and the Death of Immagination Lia, hurry up. Didnt you hear me? The neighbors got a new refrigerator box, and they are going to give it to us! My younger sister was always a bit on the slow side, but I couldnt believe she didnt jump right out of her bed, knowing that we had that wonderfully huge box to play with. Eventually, she did get out of bed, and we both ran to see what tremendous possibilities that box held for us. We gathered all of the little girls who lived on our street and held a meeting about The Box. The first decision we made was that it would be the much-needed stable in the upcoming Nativity play we were planning for our neighbors. It served us well as a stable, and after Christmas, it became a fort in which we waged wars between Shera and Heman. After Shera had won enough battles to make us happy, it became a classroom in which I was the teacher. When everyone tired of doing schoolwork, it turned into a mansion for our Barbies, then an alien spaceship, and even a car. It finally rained on the box, and we had to let my Mom take it to the dump. We loved that box. We couldnt understand one thing, though. How could our neighbors, with children of their own, just give us something that marvelous? We were simply aghast that they could not see all the wondrous activities one could do with a refrigerator box! What, we wondered, could inhibit their vision with such magnitude? Looking back on that experience, I understand why our neighbors didnt quite catch the vision. Every time I went over there, they were sitting in front of the television with their eyes glued to the screen. When I tried to talk to one of them, he or she would respond somewhat distractedly, if he or she replied at all. They could not think of anything interesting themselves because their box was always in the corner thinking for them. Our box was literally worthless to them because it didnt come complete with moving pictures, talking morons, and a remote control. Their box was singlehandedly destroying all of their imagination and creativity. My neighbors are not the only unfortunate people in the world who have the problem of letting a box think for them. In fact, I have heard that it is a worldwide problem. Indeed, at least 99 percent of the households in the United States have at least one television, and it is blaring for an average of almost seven hours per day. (Statistics 1) Preschoolers, who are in the most impressionable years of their lives, watch an average of 28 hours of television per week. (Stevenson 3) The hours spent watching television are absolutely astounding, but the effects are even more surprising. When children are constantly stuck in front of the television by a parent who does not want to amuse them any longer, the children lose their ability to dream. (Stevenson 3) They start becoming dependent on the television as a relief from their boredom, which prevents any creative instincts from flourishing. (3) Jerry Mander speaks of that feeling of having nothing to do as being the first spark of creativity because its at that point that children will think of something original to do. (3) Nowadays, he so eloquently states, at the onset of that uncomfortable feeling, kids usually reach for the TV switch. Entertainment does not have to come in the form of an electrical box. Children can learn to entertain themselves and to come up with all sorts of creative games and toys. (3) Nearly all children are capable of developing fantasies and imaginary worlds in which they can dwell to their hearts content, if parents will let them. .uc83dcb1f9563a0e46e6edb5754d5e66c , .uc83dcb1f9563a0e46e6edb5754d5e66c .postImageUrl , .uc83dcb1f9563a0e46e6edb5754d5e66c .centered-text-area { min-height: 80px; position: relative; } .uc83dcb1f9563a0e46e6edb5754d5e66c , .uc83dcb1f9563a0e46e6edb5754d5e66c:hover , .uc83dcb1f9563a0e46e6edb5754d5e66c:visited , .uc83dcb1f9563a0e46e6edb5754d5e66c:active { border:0!important; } .uc83dcb1f9563a0e46e6edb5754d5e66c .clearfix:after { content: ""; display: table; clear: both; } .uc83dcb1f9563a0e46e6edb5754d5e66c { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uc83dcb1f9563a0e46e6edb5754d5e66c:active , .uc83dcb1f9563a0e46e6edb5754d5e66c:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uc83dcb1f9563a0e46e6edb5754d5e66c .centered-text-area { width: 100%; position: relative ; } .uc83dcb1f9563a0e46e6edb5754d5e66c .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uc83dcb1f9563a0e46e6edb5754d5e66c .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uc83dcb1f9563a0e46e6edb5754d5e66c .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uc83dcb1f9563a0e46e6edb5754d5e66c:hover .ctaButton { background-color: #34495E!important; } .uc83dcb1f9563a0e46e6edb5754d5e66c .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uc83dcb1f9563a0e46e6edb5754d5e66c .uc83dcb1f9563a0e46e6edb5754d5e66c-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uc83dcb1f9563a0e46e6edb5754d5e66c:after { content: ""; display: block; clear: both; } READ: Frito-Lays Dips Essay (3) Even worse than the lack of imagination television offers is the lack of education. Television has almost entirely replaced books. In fact, one study found that twice as many movies are checked out daily as books. (Statistics 1) Now, some people .
Thursday, December 5, 2019
Framework for Evaluating Sustainability Indicators - MyAssignmenthelp.
Question: Discuss about the Framework for Evaluating Sustainability Indicators. Answer: Introduction Property market analysis or real estate market analysis refers to the study of present market and the values of the property. Property market analysis focuses on the performance of the commercial property, retail industry and other industries (Dziauddin Idris, 2018). However, real estate economics include a technique that describes and explains supply, demand and the pattern of prices. Real estate is a durable property. The stock of a real estate supply can be measured based on the last year stock, existing stock, deterioration, and rate of renovation of current stocks. In 2018, the residential rental price of Dubai has dropped. As a result, property price has declined in the recent year in UAE market. This study deals with property market analysis in UAE and the current position of the real estate. The commercial real estate market in Dubai has a great contribution to UAE economy. This property market contains long-term health in comparison to other property markets. UAE government focuses on the development of real estate property as well as the housing property for families, hotels, hospitals, shopping mall and corporate sectors. The aim of developing housing apartments is to protect the households and demography of the citizen's residential areas. The main purpose of selling land or house is to buy another land or house. At present, the real estate property market has been proliferating in UAE, which highlights the economic growth of this country (Abouraia, 2016). According to the property law of UAE, the buyer of land or house should be a UAE national. Therefore selling and buying of property should not have any connection with the financial and legal liabilities. On the other hand, the sales price of the property should not be less than the current market value. The depart ment of the land and property in the Dubai only allows the buyer to buy the property if all these above criteria are fulfilled. The main target audience of the UAE, real estate market, is the 35 to 55 years age group of people as this age group is mostly involved in purchasing and selling the property. The commercial real estate in Dubai includes housing apartments, office, educational sectors, and shopping mall and so on (Eid Mohamed, Elkaftangui Farouk, 2017). Middle age group people are associated with the selling and purchasing of this property. At present Dubai, real estate market has been facing an infrastructure issue. However, according to the property builder of Dubai, commercial property market leads Dubai to get a good position in the international market. Hence, property builders of Dubai have been building many properties, which are not less than other developed countries such as US, Australia and Japan (Rogmans Ghunaim, 2016). However, property price in Dubai is at an unprecedented level, and this is notwithstanding the trend of the global recession. The investors, as well as the companies those are operating in Dubai, have reported that infrastructure of the real estate is not in good condition, which is a major barrier to this target property market. One of the major drawbacks of the infrastructure of the real estate property in Dubai is the shortage of water and electricity. Based on this current issue real estate builders in this country have decided to install their power generation. There is a need for compr ehensive policy to improve the infrastructure of the real estate in Dubai. Aims and Objectives This study aims to analyze the situation of the current property market in UAE. The objectives are as follow: To understand the current situation of UAE property market To analyze the current growth of Dubai real estate To identify the major issue of Dubai real estate market Research methodology Research methodology is a crucial part of every research study as the success of a research study is based on its methodology. In this current study, secondary research methodology will be taken to collect the data. Positivism research philosophy will be selected in this study. Positivism philosophy is associated with the sensory and natural information. This philosophy relies on the logical and scientific information (Abouraia, 2016). Data are collected from the exclusive sources based on this philosophy. Therefore, the deductive approach will be taken in this study. Deductive approach is based on the existing theory and models. In this research study, the descriptive design will be selected as the research design. The descriptive research design is based on the viewpoints of the individuals, case study, and perspectives of the participants. However, information will be collected from an authentic journal, and the journals are searched from the databases. Inclusion and exclusion cri teria will be used to select the journals in this secondary research methodology. Valid and reliable journals will be selected to find an authentic data based on UAE property market. Current information will be taken to complete this study. Property market refers to the land, building, retail industry and other business industries of a country. Real estate is one type of property market that contributes a good proportion to the economy of the country. Real estate is of two types that are the residential real estate and commercial real estate. The residential real estate includes housing property, and the commercial real estate includes hotels, shopping malls, educational sectors and office. However, apartment's buildings are also categorized under the commercial real estate though it is a residential property. Commercial real estate property enhances the economic growth in UAE. The property price is high as there is a high demand for the land and buildings in Dubai. Price of the vacant land is high in UAE market, and the seller becomes successful in this section. However, vacant land includes higher commission percentage (Hussain, Shahmoradi Turk, 2015). This is a major aspect of real estate business. In commercial pro perty business, the level of income is better if people show better in this section. Overview of the Dubai economy and real estate finance Economic growth of Dubai is good as it has high GDP; however, due to the economic recession in the year 2008, the property market of Dubai was affected. As per the Economic Intelligence Unit Forecast, it has been predicted that the GDP growth in UAE will rebind by 2.9% in between the year 2018 to 2021. Despite this, there are some economic headwinds in the UAE economic market that will bring a great threat to real estate market (Gulfnews.com, 2018). It has been observed that real estate market contributes 1/3 of the total GDP of UAE. However, the price of commercial property has fallen due to the economic recession, which created a big barrier for the property owner to enhance their profit margin. In this present years, the owner of the real estate in Dubai focuses on the low rent of the commercial property, which decreases the sales. However, though sale decreases but the stability has taken place in Dubai real estate market. Therefore, with the less price of the property real estate property owners have less risk in the business, which is a positive aspect of offering property at a low price. The property seekers and the agencies focus on the off-plan sales in UAE market, which leads them to gain more in the real estate market. In the year 2017, the price of the property has declined, which is predicted to recover in this current year by offering more products and new market segments in the real estate industry (Gulfnews.com, 2018). The current issue of Dubai real estate market Dubai real estate market is a growing industry of UAE. However, owners of this property market have been facing infrastructure issue regarding the residential and commercial property. Shortage of the electricity and the water is the major barrier to the corporate office and the residential property (Huston, Simon, Han, Hoon, 2014). Hence, it is difficult for the property builder to cope up with this issue and enhance their sales. Hence, Dubai real estate owners need to adopt a comprehensive policy to overcome such infrastructure issue in the real estate market. It is crucial for real estate builder to comply with the government rules to reduce the infrastructure issue and to give a better offer to the target market. Hospitality market is one of the major aspects of the commercial real estate property. However, Dubai invests more in the development of tourism infrastructure to attract the tourists (Abidoye Chan, 2017). Dubai parks and resorts, IMG world, Dubai Water Canal and Expo2020 are the major tourist attraction of Dubai. On the other hand, Dubai government and other real estate builders invest more in the mid-market hotel provision. It has been predicted that approx 23% of hotel rooms will be increased by the year 2020. Despite such growth, the hospitality sector of Dubai has faced challenges in the year 2017 due to the slow economic growth in this market. Therefore, the introduction of the local currency made Dubai an expensive destination for local as well foreign visitors. Despite these challenges, Dubai has maintained itself as one of the top tourism markets in the global tourism industry. The visitors number and the performance of hotels lead Dubai to get a good position in the worlds tourism industry. Occupancy of the hotel in Dubai was 75% in the year 2017 that is highest among the other hospitality sectors in the global market (Gulfnews.com, 2018). Overview of the office, residential and retail market in Dubai In 2017, the international grade A offices are performed well with the single ownership. The year 2017 was very challenging for the retail sectors in Dubai. Despite financial challenges, the Dubai Mall, Mall of Emirates and City walk were successful to attract the tenant demand and footfall. In the year 2016, retail spending has fallen between 5% to 6%, and this was the first time when retail spending has decreased in UAE after the recession in 2008 (Gulfnews.com, 2018). 2017 was very challenging for the UAE retailers due to the local currency and low domestic disposable income. These two factors reduced the purchasing power of the international visitors. Such slow demand leaves a pressure on retail rents; as a result, the landlords offer an incentive to gain the attention of key tenants. In the context of the residential property the rent, sales price, and the transaction have been declining since 2016. In the year 2015, the price declined 6.3%. Due to the low oil price, the residen tial price has declined. In 2017, the domestic supply has increased 2.5%. Such enhancement of property prices in the year 2017 is a great opportunity for the real estate owner. 2017 is considered as the year of change in the real estate market in Dubai. Introduction of the off-plan sale opens new opportunity in the sales market of UAE. The rental rates become lower this year. Many real estate developers offer an attractive payment plan to buyers with low price, which increases the sales in the property market (Bodolica, Spraggon, Shahid, 2018). This off plan sale brings many opportunities for the real state builders. 2017 is the dominating year for the Dubai real estate. Sale has increased up to 55% in this year in the property market. According to the statistical data, there was 18,657 off-plan apartments sales transaction. Apartment sales price increased up to 0.1% in the year 2017 (Gulfnews.com, 2018). Due to decline in the oil price, the rental price has fallen in Dubai that highlights a big threat to rental income. In the year 2017, almost 7,000 residential units are developed in the real estate property in UAE. Overview of Dubai real estates in 2016 and 2017 2017 is considered as the most significant year for Dubai real estate market as this year is the combination of ups and down and leaves a major impact on UAE property market. GDP of Dubai was stable in the year 2017. It was 3.2% and expected to increase up to 3.5% in the year 2018 (Gulfnews.com, 2018). The highly attractive business environment in Dubai attracts the foreign investment, which ensures the growing economy of UAE. Dubai is considered as the most globally diverse place as there are 200 nationalities. This country is considered as the most appealing destinations for the real estate investment in the world. According to the statistics of Dubai Land Departments, in 2016 approx 60,595 real estate transactions took place in Dubai. From such transaction Dh259 billion is added in UAE economy. On the other hand, the year 2017 also focuses on the high foreign investment in Dubai commercial real estate market. Approx Dh344 billion is gained from 22,834 foreign investors belongs to 136 nationalities. However, Dubai overtook London as it is considered as the most preferred location for property investment. Chinese investors have great demand for Dubai to invest in the commercial property market. However, the foreign investors believe that Dubai is a safe destination for investment as it gives long-term return (Agarwal, 2017). As per the report of Global Capital Partners, the total return of the commercial real estate of Dubai varies from 5 to 11 percent. In the context of Dubai, the majority of the return from the investment in commercial property market comes from the increase in rental prices (Buckley Hanieh, 2014). However, Dubai is popular in global commercial real estate market due to its creative design, construction method and luxury apartments. This makes Dubai unique among the other countries in the context of the property market. Dubai market needs more players in residential and commercial real estate market as it will make them develop a diversified real estate market in the international market. Due to the growing population and visitors, the hospitality sectors of UAE needs to provide high-quality housing at an affordable price. On the other hand, in the residential market, the young professionals are looking for affordable housing and apartments. It is important for real estate owner in Du bai to identify the current needs of the market and to meet them properly. Factors that lead the investors to invest in Dubai real estate market The main focus of the investors is short-term capital appreciation, which can be done through the investment in Dubai property market. However, the buyers have an intention to get a good return on the investment (Diaz Hindro, 2017). The investors look for higher yield in the property market thus they need to observe the property prices of different locations in UAE. Different middle market locations such as Discovery garden, Dubai sports city, and Remraam are the most popular cities in Dubai that are preferred by investors to develop housing or commercial building. UAE property market offers the foreigners to own single commercial property such as wear house units and retail office at a pocket-friendly rate. However, in China real estate market is very volatile as a result; they tend to invest in UAE real estate market as it gives them a long-term outcome. In China, there is an extension in the maximum projects; as a result, the delay occurs in the project, which leads the Chinese i nvestors to invest their capital in Dubai real estate market. Investors have to maintain formality in many countries while purchasing a property. However, in Dubai, the investors can purchase the property easily paying the money to the owner. The government rules and policies are easy to follow, and there is less complexity in the foreign investment in Dubai. On the other hand, the geographical proximity of Dubai is another positive aspect of such country, which attracts the foreign investors to invest in this country (Al-Mohana Hatemi, 2016). Many foreign investors come to Dubai easily and spend their capital in Dubai real estate market. Purchasing of real estate in Dubai is a good business strategy as UAE government does not charge any tax on the rental income. This gives a big opportunity to foreign investors to invest in Dubai real estate market. The potential effect of the global real estate crisis on UAE real estate market To reduce the dependency from oil and gas sectors, UAE government has focused on the tourism industry and real estate market to enhance the economic growth of this country (Baum, Mackmin Nunnington, 2017). However, UAE is considered as the global hub based on its continuous development. The primary aim of such global hub is to provide sufficient accommodation to the foreigner investors who want to stay in this country. Dubai is the first city of UAE that enters in real estate market. Real estate sector of Dubai is the most growing business sector in this city. Dubai real estate sector is larger than the hydrocarbon economy in this recent year. Before the global recession, UAE was performing well in real estate market. However, the global recession between the years 2008 to 2009 affected the performance of UAE real estate market. Therefore, the contribution of real estate market in UAE economy was declined due to this global recession. Growth started to rebound in the year 2010, but it was very slow (Al-Mohana Hatemi, 2016). This real estate sector was the most growing sector of Dubai thus; the decline of this sector left a major impact on the UAE economy. For the foreign investors, it was difficult to recover their funds during this time. In 2012, the growth of Dubai real estate was restored, but the recovery process was prolonged. After the year 2013, significant growth has been observed in Dubai real estate sector. In the year 2014 due to the overgrowing expatriate population in Dubai, the demand for commercial and residential property has been increasing rapidly till now. This highlights the good opportunity for the real estate sector to enhance their business in UAE (Tierney, 2017). Conclusion The entire study deals with the property market analysis in the context of UAE. It has been found that real estate business is growing in Dubai in the recent years. The economic recession in 2008 left a big negative impact on Dubai real estate market. This condition began improving in 2010. Dubai real estate market has a great value in the global real estate market as this market is trendy in Dubai. The rule of the UAE government is favourable for Dubai which enhances its real estate market. Foreign investors have to pay less tax for their business, which adds great value to Dubai real estate market. Among the other developing country, Dubai has got a good position for its real estate business. References Abidoye, R. B., Chan, A. P. (2017). Artificial neural network in property valuation: application framework and research trend.Property Management,35(5), 554-571. doi.org/10.1108/PM-06-2016-0027 Abouraia, M. K. (2016). Determinants of High and Continuous Inflation Rates in the United Arab Emirates: A Managerial Point of View.Business Management and Strategy,7(2), 68-81. doi.org/10.5296/bms.v7i2.10067 Agarwal, R. (2017). Share Unshare-The 51: 49 Rule in the UAE on Share Distribution in LLCs.Ct. Uncourt,4, 2. doi.org/10.1016/j.cities.2015.11.012 Al-Mohana, S., Hatemi-J, A. (2016). The Impact of Recent Crisis on the Real Estate Market on the UAE: Evidence from Asymmetric Methods.Economia Internazionale/International Economics,69(4), 389-428. Baum, A., Mackmin, D., Nunnington, N. (2017).The income approach to property valuation. Routledge. Bodolica, V., Spraggon, M., Shahid, A. (2018). Strategic adaptation to environmental jolts: an analysis of corporate resilience in the property development sector in Dubai.Middle East Journal of Management,5(1), 1-20. doi.org/10.1504/MEJM.2018.088724 Buckley, M., Hanieh, A. (2014). Diversification by urbanization: Tracing the property?finance nexus in Dubai and the Gulf.International Journal of Urban and Regional Research,38(1), 155-175. DOI:10.1111/1468-2427.12084 Diaz, J. F. T., Hindro, M. C. T. (2017). Factors Affecting the ProfitabilitFactors Affecting the Profitability of Indonesian Real Estate Publicly-listed Companiesy of Indonesian Real Estate Publicly-listed Companies.Asian Journal of Finance Accounting,9(1), 396-428. doi.org/10.5296/ajfa.v9i1.11193 Dziauddin, M. F., Idris, Z. (2018). Assessing the relative importance of structural and locational effects on residential property values in Metropolitan Kuala Lumpur.Pacific Rim Property Research Journal, 1-22. doi.org/10.1080/14445921.2018.1436305 Eid Mohamed, B., Elkaftangui, M., Farouk, S. (2017). A computer-based participatory model for customization in the UAE housing market.Journal of Enterprise Information Management,30(1), 17-29. doi.org/10.1108/JEIM-01-2016-0016 Gulfnews.com. (2018). What real estate investors should look for in 2017. Retrieved 3 March 2018, from https://gulfnews.com/property-weekly/what-real-estate-investors-should-look-for-in-2017-1.1955763 Gulfnews.com. (2018).Special Report: It's a renter's market in 2018. Retrieved 3 March 2018, from https://gulfnews.com/news/uae/property/special-report-it-s-a-renter-s-market-in-2018-1.2151115 Hussain, M. M., Shahmoradi, A., Turk, R. (2015).An overview of Islamic finance(No. 15-120). International Monetary Fund. Huston, Simon, Han Hoon, (2018). Designing Transparent Real Estate Open Data Systems: Sydney, Dubai and London Journal of Business management. doi.org/10.2139/ssrn.3113463 Rogmans, T., Ghunaim, M. (2016). A framework for evaluating sustainability indicators in the real estate industry.Ecological indicators,66, 603-611. doi.org/10.1016/j.ecolind.2016.01.058 Tierney, J. (2017).Constructing Resilience: Real Estate Investment, Sovereign Debt and Lebanon's Transnational Political Economy. University of California, Berkeley.
Subscribe to:
Comments (Atom)