Research two different potential investments in real estate (Apartment, Villa, Office, Warehouse, Store, etc.) in the UAE and collect the needed data for the investment through either online search or phone calls.

Estimate the following:

1. Initial cost (Visit real-estate websites).

2. Useful life of the asset (Visit municipality or companies websites).

3. Operating and maintenance cost (annual or monthly).

4. Visit website of a local bank to collect information on how to finance a real estate and

5. based on the information, calculate the finance cost of the investment. Discuss the

   difference between the Flat and Reducing (Diminishing) interest rates.

6. Use MS Excel to calculate the present worth, annual worth and internal rate of return of

   each investment using interest rate of 10%.

7. Compare the two investments and recommend the best one.

8. 7) Repeat Steps#5 and #6 using an interest rate of 12%.Will a different interest rate change

   your conclusion (Discuss)?

9. Discuss the differences between Islamic Bank (Murabaha) and regular finance.

10. Discuss means to improve return of these investments.