Tower M, Executive Towers, Business Bay- 1BR Apartment Dubai

Occupancy Rate 70% 80% 90%

Gross booking income 188917 215905 242893
Channel fees 29754 34005 38256
Booking income 159162 181900 204637
Management fees 23874 27285 30696
Total net annual income (AED) 135288 154615 173942

*Channel Fees cover the cost of listing on global platforms such as Airbnb and Booking.com, these fees are paid by the
guest and we mark up the prices on the channel.

Total Net Annual Income (AED)

Estimated annual long term

Estimated annual income: Expected increased returns: Commission rate
rental:
135288 100000 35% 15%

These forecasts are based on industry trends and circumstances involving various factors. The property’s actual performance results may differ from those
projected in this Interim Income Forecast Results. Consequently, no guarantee is presented or implied as to the accuracy of specific forecasts, projections or
predictive statements contained herein. This forecast is only achievable once the property has good reviews and has had sufficient exposure to the short-term
market. Due to the nature of the market in the AED we expect the property to high expected occupancy after 3 months of listing.