Real Estate Dissertation – Impact of Services and Facilities on Dubai Property Values
Title: Real Estate Dissertation Dubai Property Values – Dubai’s real estate market has in the last decade experiential significant changes that substantially affect market prices. During the global financial crisis, this emirate saw one of the worst housing crashes across the world. While real estate prices have gradually rebound especially in the residential sector there is still significant interest among investors to enhance the value of their properties. Accordingly, this study set out to critically investigate the impact that services and facilities have on residential property prices in Dubai. Both community level and building specific services and facilities such as transit systems, recreational parks/spaces, and retail centers, swimming pools car parks and security were taken into account.
Real Estate Dissertations
A mixed method approach involving the use of both quantitative and qualitative data was adopted in the study. Qualitative data was collected from randomly selected tenants and landlords/investors in four key residential areas of Dubai. The study also finds that despite the positive impact of services and facilities property returns may be eroded by the significantly high service charges and hence the need for competitive outsourcing of property/facility management services. Some discrepancies between tenant and investor preference for services and facilities is also noted and hence the possibility of mismatched demand and supply of these amenities.
Dissertation Objectives
In consistence with the above background information, this study seeks to critically investigate the impact that services and facilities have on property values in the Dubai’s real estate market. The findings of the study will inform developers and investors on strategies that they can employ in order to ensure that their properties are optimally valued in the housing marketing and therefore profitable. In order to meet the above general aim the following specific objectives will be pursued:
To investigate the extent to which investors and tenants in Dubai are willing to pay higher prices for properties with enhanced services and facilities
To establish the influence that availability of services and facilities has on demand for residential properties in Dubai
To establish the extent to which services and facilities are major determinants of property values in Dubai
To identify and analyse the most valued services and facilities in Dubai’s real estate market
1: Introduction
Research background
Research rationale and problem statement
Research aim and objectives
Main research question
Significance and justification of the study
Overview of research methodology
Structure of the study
2: Literature Review
Relationship between services, facilities and property values
The modern urban theory
Quality of the building infrastructure and facilities
The importance of property management services
Influence of services and facilities on housing demand
Demand for services and facilities
Internal facilities and neighborhood qualities
Impact of incomes on services and facilities preference
Determinants of property values
Demand and supply
Structural and service attributes
Tenant preference for various services and facilities
3: Research Methodology
Research design
Philosophical position
Research approach
Research strategy
Choice of research instrument
Sampling method
Data analysis technique
Research ethics
4: Findings and analysis
Demographic analysis
Relationship between services and facilities and property values
The influence that availability of services and facilities has on demand for residential properties in Dubai
The extent to which services and facilities are major determinants of property values in Dubai
The most valued services and facilities in Dubai’s real estate market
5: Conclusions and Recommendations
Willingness to pay premium prices for services and facilities
Influences of services and facilities on demand for property
Most valued services and facilities in Dubai’s real estate market
Recommendations
Suggestions for future research
I do hope you enjoyed reading this post on the Impact of Services and Facilities on Dubai Property Values. There are many other titles available in the construction dissertation collection that should be of interest to construction management students and building professionals. There are many dissertation titles that relate to other aspects of construction such as project management techniques, environmental management, building and construction methods to name a few. It took a lot of time to write this post and I would be grateful if you could share this post via Facebook and Twitter. Feel free to add your thoughts in the comments section. Thank you.
The Effects of Low Oil Prices: A Comparative Analysis of Saudi Arabia and the UAE
Business Dissertation Low Oil Prices: This dissertation attempts to explore the effects of low oil prices on both Saudi Arabia and the UAE, in light of the recent 2014 decline in oil prices that continue to decline today. Most significantly, low prices seem to deteriorate fiscal positions, put pressures on fixed exchange rates, hinder growth and cause worry as to the sustainability of oil-exporting countries.
This dissertation uses a mixture of literature and secondary data to present its findings, drawing upon the fact that Saudi Arabia should be of a higher focus due to the lack of economic diversification and foreign exchange reserves that exist in the region. Finally, this dissertation serves as an overall insight into low oil prices, briefly looking at historical instances with a clearer focus on the recent crisis. This dissertation will primarily use a historical comparative method in evaluating and analysing the effects of low oil prices on Saudi Arabia and the UAE.
Oil Prices
This comparative analysis will consist of a considerable amount of examination of secondary data, due to the proliferation of data that exists on oil prices with specific reference to both the macroeconomic and microeconomics structures of Saudi Arabia and the UAE. It is noteworthy at this point is the “dismal state of economic statistics in the GCC in general, a situation that has been repeatedly lamented by the International Monetary Fund,” meaning that there has been a lot of theory on this subject area as opposed to concrete data that would portray the reality of the situation.
1 – Introduction
2 – Methodology
3 – Literature Review
The Rentier State and the Politics of Oil
The Resource Curse Theory
I hope you enjoyed reading this post on Effects of Low Oil Prices and how it affects the economies of Saudi Arabia and the UAE. There are many other titles available in the business management dissertations section economics dissertations section and that should be of interest to MBA students and academic professionals. There are many dissertation titles that relate to other aspects of business such as strategy, leadership, international business, mergers and acquisitions to name a few. It took a lot of effort to write this post and I would be grateful if you could share this post via Facebook and Twitter. Feel free to add your thoughts in the comments section. Thank you.
International Law Dissertation Statehood and Diplomatic Relations: One of the most deep rooted problems of international law is identity. Domestic law is obviously an amalgamation of rules regulating one’s behaviour in a local or national society. The complexity of international law is depicted directly by looking at whose behaviour it seeks to regulate. Who are subject to it? When do these perceived subjects become part of the international system of laws? While the answer to the first question is clear, and that is states, the second is difficult, complex and certainly not straightforward.
The reason being is that there is no academic conclusion as to when a territorial entity becomes formally a state, and therefore a subject of international law. Even more so, there is no conclusion between scholars and international lawyers alike as to whether statehood is a mere formality or an evidence of facts. The above, create further questions as to the very existence and practice of international law. It is of no coincidence that scholars studying international law have expressed concerns regarding the problems this debate entices. Others have rightfully stated that ‘very few branches of international law which are of greater, or more persistent, interest and significance for the law of nations than the question of Recognition of States’.
International Law Dissertation Statehood
This dissertation project will attempt to analyse and explore as much as possible the various cases of entities bidding for recognition and acquisition of the status of statehood. It will also attempt to examine the implications of recognition as well as those of non-recognition and look into those cases of entities which have cast themselves as unique. Through this examination, one of the conclusions that can be extracted is that the birth of each state separately is a unique circumstance on its own.
Furthermore, the purpose of this dissertation is to compare the two main theories revolving around state creation drawing conclusions both from international legal documents as well as through pre-existing research held by distinguished scholars. In order to achieve the above, the paper has been constructed in such a way so as to offer an insight to as many issues that arise from the debate as allowed by the word limit, and achieve a conclusion as empirical as possible. The research will first overcome the most obvious of the obstacles it faces: the question of what comprises a state. Beyond the obvious description of a state, one needs to look into a number of its functions, such as the need to promote the welfare of its constituents.
Dissertation Contents
1 – Introduction
2 – What is a State?
The Declaratory Theory
Population
Territory and Self-Determination
Government and Sovereignty
Capacity to Enter into Diplomatic Relations
3 – State Creation
Self-Determination, Partition and the Use of Force
The Constitutive Theory
4 – Comparing the Constitutive and Declaratory Theories
The Reality of the ‘Politics of Recognition’
The Capacity to Enter into Diplomatic Relations
Taiwan
The Turkish Republic of Northern Cyprus
Kosovo
Title: The Economic Environment. The firms in this model are the businesses while the households are the consumers. The firm is responsible for the production function while the households are responsible for consumption. In his book Waste to wealth: The Circular Economy, Lacy Peter states that households in the circular flow model provide labor in exchange for payment and offer this payment in exchange for the goods and services produced. The circular flow model entails the government, consumer and business elements. The firm produces goods and services to meet the consumer demand. Households purchase these products and pay to the firms. Additionally, households also provide the labor necessary to produce the goods and services. Therefore, one cannot exist without the other. This is key to any economic environment.
The financial sector such as banks and micro finances are important to the Circular Flow Model of the economy in many aspects despite being greatly ignored. This sector is responsible for ensuring that money flows across the firms, households and the government. The financial sector allows households to save money gained from working in the firms.
This money is also used for investment purposes in factors such as the fixed assets used by the firms to produce goods and services. When the government and the households save, the money is directed towards the financial market. In order to ensure the continuance of the economy, financial sectors invest this money by lending it to the households, firms and the government hence making the flow continuous (Chand, 2016). This is critical to the economic environment. Furthermore, the financial sector determines the amount of money in the market hence the inflation rate at any one moment. The circular flow model of the economy would be incomplete without the financial sector.
Economic Environment and Gross Domestic Product (GDP)
The GDP of a nation is the total market value of goods and services produced in the nation. GDP is effectively measured through market prices. During different times, prices tend to change especially because of inflation. Therefore, comparing the nominal GDP over different times may not be helpful as comparing the real GDP of New Zealand’s economy. Instead, real GDP, also known as the GDP in constant prices may be used to compare the market value of goods and services. Real GDP helps compare the GDP during different periods at the same set of prices. While the nominal GDP is equal on both the production and expenditure sides, the real GDP differs on the production and the expenditure mainly due to changes in relative prices between imports and exports.
Economic Environment Dissertation
One statistic that should be considered when making an international investment or expansion is the Foreign Direct Investment (FDI) rate. By understanding the level of FDI in a foreign country, it is possible to establish how competitive the market in the foreign country is. One may also use the inflation rate of the country as well as the unemployment rate to determine how suitable the new market is for the expansion. The inflation rate determines how strong or weak the local currency is hence affecting the amount of money required for the initial investment. Additionally, constant changes in the rate of inflation may be an indication of an unstable economy. On the other hand, the rate of unemployment can help predict the potential demand and supply for the goods or services. The inflation rate may also help project the cost of labor for the new branch internationally.
The Business Cycles and Business The Environment
New Zealand’s recent annual GDP was 173.75 billion US dollars while the value stood at 0.28% of the global GDP. The GDP growth rate is at 2.50%. The inflation rate has been at a steady of 4.75% since 1918 to 2016. On the other hand, the unemployment has been at an average of 6.13% since 1985 to 2016. However, the rate of unemployment fell to 5.1% during the second quarter of 2016. Although the New Zealand economy has past the peak phase, it is expected to continue growing at a healthy rate while creating new jobs.
A housing bubble occurs when an increase in demand leads to a significant increase in the house prices (Roberts, 2008). Unlike most goods and services, replenishing the supply of houses takes time hence creating a bubble with soaring house prices. Eventually, the bubble bursts due to the increase in supply and a decrease in demand. Such an event would cause the New Zealand economy to slow down significantly.
When an economic recession occurs, the number or frequency of economic environment activities decline significantly (Roubini, 2011). Some businesses are able to continue operating as long as they are able to cover their fixed cost. However, other businesses not able to cover the variable cost including labor have to shut down rather than operate at zero profit. Scarcity of supply due to high production cost leads to high prices, meaning that consumers are unable to purchase goods and services. Firms selling second hand goods, companies dealing with bankruptcies or debt problem benefit during recession. The market is also more efficient and consumers get the best value in the market.
References
Chand, S. (2016). The Economic Environment and Circular Flow of Income in a Four Sector Economy.
Lacey, P. (2015). Waste to wealth: The Circular Economy and Economic Environment. Palgrave MacMillan.
Roberts, L. (2008). The Great Housing Bubble: Why did House Prices Fall? Monterey Cypress, LLC.
Roubini, N. (2011). Crisis Economics: A Crash Course in the Future of Finance. Penguin Books.
The System Development Life Cycle (SDLC) ensures end-state solutions in accordance to the requirements provided by the user in support of business strategic goal and objectives. It represents a structured, systematic approach that aims at developing information systems. The SDLC incorporates a comprehensive checklist of rules and regulations governing IT systems. The provisions are aimed at ensuring system developers adhere to the different set guides. The seven step SDLC incorporates seven phases that need adamant consideration by the developers to ensure accurate realization of the intended goals. The phases include planning, analysis, design, development, testing, implementation, and maintenance.
Seven Step SDLC
First, the planning phase of the SDLC demands the developers need to determine a solid plan for developing the information system desired. In the phase, three primary activities need to be ensured for optimality. The system to be developed must be defined, identified and selected in accordance with the strategic goals of the organization (Balaji& Murugaiyan, 2012). Secondly, the developer needs to consider the scope of the project. The scope provides the high-level system requirements. It is the basic definition of the system. Lastly, the system development team needs to define the project plan. Hoffer (2012) argues that a plan responds to the what, when and who questions in the system developing activities together with all the activities to be performed including the individuals and resources to be involved in the SDLC process.
Secondly, the analysis phase, which involves the end users and IT specialists. The two stakeholders gather, understand and document business requirements for the intended system. Primarily, the developers at the stage aim at gathering sufficient information regarding the business or end user requirements (Rosenblatt, 2013). The requirements are the knowledge workers’ requests that the system must meet to be qualified as successful. This can be undertaken using a Joint Application Development (JAD) session. A process in which knowledge workers and IT specialists engage one another to define and review business requirements.
In the third phase, the design, the developers build a technical blueprint detailing how the proposed system will work. According to Rosenblatt (2013), the point of view shifts from a business perspective to a technical one. Immediately, the development phase follows. The phase takes consideration of all detailed design documents from the design phase and transform them to an actual system. The developers during the phase build the different technical architecture by purchasing and setting it up. In addition, the necessary software programs are written in the database for ease of navigation by the end user.
Once the system is developed, there is a need to test the program. This comes in handy as the fifth step in the seven step SDLC. Here the system is verified on whether it executes all the business requirements as defined in the analysis phase. A detailed test condition is developed and performed with the expected results evaluated. Once the developers are satisfied that the system works appropriately, they proceed to the implementation phase. In this step, the system is distributed to all knowledge workers who begin using the system to perform their routine jobs. However, a user documentation must be provided, which details how the knowledge workers will use the system.
The implementation phase might take different approaches depending on the end user and the developing team (Leau, Loo, Tham & Tan, 2012). Such include the pilot, phased, plunge or the parallel implementation. Each of the implementation holds merit and demerits that the stakeholders need to consider.
The seven step SDLC considers maintenance as the last phase. In the phase, stakeholders monitor and support the new system to ensure its ability to enable the business to realize its goals. During the phase, the developers and knowledge workers can advance the system with the different changes of the business environment.
Four Step SDLC Model
Four Step SDLC
The four-step SDLC model considers a different number of steps to be involved in the development of a system for a business entity. The different steps include identification, design, construction and evaluation and risk analysis. Under the four step SDLC, the project goes through the four phases in iterations (Boehm, 1988). The SDLC model similar to the seven-step model begins by the identification of the objectives in relation to the business that the developers and the knowledge workers desire to execute using the system.
In the initial phase, identification, business requirements are gathered and later a system appropriate for the requirements identified. In addition, subsystem requirements and unit requirements are executed at the phase to ensure consistency during the development phase. Therefore, the knowledge workers and the developer need to interact excessively to ensure a mutual content on the needs that the system should satisfy. Significantly, the different alternatives and constraints are identified by the parties who later see a way of mitigating each of the shortcoming for the benefit of developing a perfect system.
Once the identification stage is complete, the team launches the design phase. The phase involves a conceptual design and an architectural design, logical design, physical product design and the final design. The different designs serve a greater role in ensuring systematic analysis of the project at each level of design to address any likely challenges. The construction stage comes in handy after the two phases are successfully executed. In the phase, the actual system is developed and engaged for the different needs.
A Proof of Concept document needs to accompany the system during the delivery to the knowledge workers to get feedback on the system (Boehm, Lane, Koolmanojwong & Turner, 2014). The information is often used for advancing or corrective measures necessary to ensure client satisfaction. The testing of the project is also done at the stage to optimize correction of the system.
In the last phase of the four-step SDLC process, the developer and client conduct a risk analysis procedure where they identify, estimate and monitor any technical feasibility probable. The appropriate management risks are engaged to ensure optimal results. For instance, a schedule slippage and cost overrun can be conducted to optimize the process. The customer needs to evaluate the system developed to determine whether it meets the project specifications provided during the first phase. In case the client or the developer identifies any issues concerning the system, the necessary steps are undertaken to resolve the problem. Considering the short cycle of the four-step model, reviews are inevitable in each phase (Boehm, 1988). The client and developers concerned with the system development analyze the previous cycle. The review covers all products developed in the previous cycle, including the plans for the next cycle. In addition, the required resources are evaluated for executing the subsequent cycle.
Comparing and Contrasting the Seven Step and Four Step Models
The seven-step and four-step model elicit similarities and differences worth considering in the study. The two models embrace the need to conduct preliminary analysis and ensure constant communication between the client and developer for the efficiency and effectiveness of the system. In the planning and identification phases, the need to optimize on information gathered, especially the objectives to be realized by the system is highlighted. Additionally, the design phase between the two models also elicits similarities. The two models rely on analysis, although the latter does not provide a higher prominence when compared to the seven-step model, which assumes analysis as a phase in the system development process (Boehm, Lane, Koolmanojwong & Turner, 2014).
Contrastingly, the four-step model considers the elimination of risk in the system establishment as the focus in defining the success of a system. This varies with the seven-step model that considers the adoption of the client needs into the system as the focus. As such, the four-step system ensures preliminary evaluation of risks in each phase. The review process in the four-step model is engaged at each phase. This is different to the seven-step that tends to review the project during the maintenance stage. As such, maintenance is cheaper in terms of cost and time for the four-step compared to the seven-step. The review explains why the four-step model does not have any phase identified as maintenance iterations (Boehm, 1988). In addition, the high status of the review in the different phases optimizes the ability of the developer to minimize any risk that might destabilize the organization. Thus, the system is developed in accordance with the inherent risks within the organization. Therefore, easy to customize the system to suit the needs of the organization.
References
Balaji, S., & Murugaiyan, M. S. (2012). Waterfall vs. V-Model vs. Agile: A comparative study on SDLC. International Journal of Information Technology and Business Management, 2(1), 26-30.
Boehm, B. W. (1988). A spiral model of software development and enhancement. Computer, 21(5), 61-72.
Boehm, B., Lane, J. A., Koolmanojwong, S., & Turner, R. (2014). The incremental commitment spiral model: Principles and practices for successful systems and software. Addison-Wesley Professional.
Hoffer, J. A. (2012). Modern Systems Analysis and Design, 6/e. Pearson Education India.
Leau, Y. B., Loo, W. K., Tham, W. Y., & Tan, S. F. (2012). Software development life cycle AGILE vs traditional approaches. In International Conference on Information and Network Technology (Vol. 37, No. 1, pp. 162-167).
Rosenblatt, H. J. (2013). Systems Analysis and Design. Cengage Learning.
