Ali is an owner of a real estate agency that invests in several properties. He anticipates that during the coming year, his real estate investments will earn rental income of AED $1$M; other income from laundry facilities, parking and late fees of AED $200,000.$ Ali expects to pay a total of operating expenses of AED $400,00$ per month. However, he expects to recover some of these expenses for heating and central cooling that it provides to tenants in an amount totalling AED $100,000.$ His company suffered vacancy losses of AED $50,000.$

Prepare statement of operating cash flow $($NOI$)$ for Ali$$s business for the coming year.NOI is projected to grow by $5\%$ per year for the following three years, then by $3\%$ per year for the subsequent $2$ years and then at a $2\%$ constant rate afterward. Given a required return of $12\%,$ what is the value of the property?