An entity owns a 15-storey building. One floor is used as the entitys business office and other floors are rented.

(ii) A land is acquired by an entity at a cost of Dh20 million. The entity plans to develop the land and build a condominium in the future.

(iii) An entity owns a building and all floors are rented. The entity provides security and maintenance services to the occupants.

Required:

For each of the cases shown above, determine whether the property can be classified as investment property and provide your justification.