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For the past few years Dubai has proven itself to be the darling of the property investment world both within the Middle East and beyond, it continues to offer high rental yields and a very

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

good capital growth rate of near 10% which we see today.

Yet Dubai's development has not just been restricted to the real estate sector, the tourism sector has grown by leaps and bounds in

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

he past 3 years alone. With tourists staying in Dubai hotels numbering 5.4 million in 2004, whilst in 2006 tourist staying in Dubai hotels grew significantly to 6.5 million people. With the

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

umber of hotel rooms and flats numbering 40,862 in 2006 and the government of Dubai aiming to reach a target of 8-10 million tourists by 2010 shows that there is at present a significant gap

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

between growing demand and availability of supply for tourist accommodation which may be increasingly felt as major future attractions such as Dubai land and Dubai Sports City open for busin

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ss.

This level of growth in the tourism industry in Dubai has led to a very high occupancy rate for hotel rooms and apartments for example the occupancy rate stood at 85% in January 2007 al

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

one. This has presented Dubai and UAE property investors as a whole with a splendid potential to capitalise on this growing market, the traditional method of property investment in such as b

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

y to lets in Dubai may offer investors around 8% rental yield per annum. Yet short term letting tenants are charged hotel rates per night which depending on location and quality of propertie

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

, landlords can stand to make 10-15% rental yield per annum at today's hotel rates.

This is a situation which is not solely confined to Dubai, it is also very much applicable in other Emira

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

es such as Ras Al Khaimah especially in established resorts such as Al Hamra Village , where hotel accommodation does not suffice to meet demand. A common question asked by many investors i

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

what is the best way take advantage of accommodation supply gap in Dubai?

There are two main routes which buyers can take with regards to this:

The 1st method is to purchase an ap

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

artment or villas and utilise a high quality property management company which will take care of an investors property. Normally the management charge will be 20-25% of an apartments rent pe

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

annum. It may also be necessary to buy a furniture package from property management company which may vary in cost between ?2-?5K.

The second option available to investor

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

is to purchase a hotel apartment in one of the key future tourist locations such as Sports City in Dubai, such as tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

m_rsMaster=3totalRows_rsMaster=40&&PropertyID=53">The Cube. These developments are often managed by 5* hotel companies which will in many some occasions give investors rental guarantees

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

nd 30 days complimentary stay within the hotel. These are developments in a majority of cases will be fully managed, maintained and furnished with no additional cost to yourself.Th

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ose property investors looking for long term investments who do not intend to move into their properties should consider the hotel apartments as their ideal investment solution. It is a type

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

of property which does not require any significant effort on behalf of investors in terms of finding a capable property management firm to maximise property rental turnover, which saves both

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

time and money. Short term holiday letting is the ideal form of buy to let for the savvy Dubai investor, with rumours of rental stabilisation in the traditional buy to let market, holiday ho

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

e letting presents one the best potentials for sustained high rental yields.

By

Hamid Shah Director of Mirage Real Estate Ltd

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

Every enterprise and business organization thrives for effective strategies in order to maximize the returns on their assets. They do this by reducing operating costs, managing capital expenditures, and improving asset maintenance and utilization. Enterprise asset management solutions provide high-end, integrated, and complete capabilities to manage the assets of the entire business enterprise. These solutions provide updated information and maintain data that help in decision-making. Enterprise asset management solutions also support the strategic plans and operating procedures, which prove to be an effective tool to increase productivity and reduce costs.

Why are sales training programs so often unsuccessful? The typical company spends tens of thousands to hundreds of thousands of dollars to put its entire sales force through the sales training program touted to increase its bottom line numbers. But only a small percentage of participants embrace the new skills taught.

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