Pre-Feasibility Study of a Commercial/ Residential Tower project proposed
for development on a 2,450m2 plot on Cornish road, Khubar City. The 8,760m2 leasable area costs SR 21.1 million to be developed, excluding
land value, and fully funded by the owner (Real Estate firm in Riyadh).

The study results showed unfavourable returns (IRR=3.7%) and the owner was advised to reconsider the project operation and focus on unit sales in favour of leasing which would yield 29.9% return on
total investment.

Concept Design and Area Program Definition for Marketing of a Residential Tower project proposed for development on plot C2-1 in Dubai Sports City. The project's 25,000m2 net leasable area comprises 320 residential units
of 4 prototypes spread over 16 floors in addition to 4 floors of open plan
office spaces.

The study mainly focused on marketing tools rather than the feasibility of
the project investment as per the Saudi real estate developer requirements.

Best Land Use Assessment of a 33,000m2 site which has a 300m long beach on the north front overlooking the Arabian Gulf, north-east of
Manama, Bahrain.

A concept design was proposed with Pre-Feasibility Study of the SR 682 million complex development that includes a 25-floors Five-Star Hotel with 600 rooms, 30 Beach Chalets, Executive Apartments and Open Office
spaces for lease in designated floors of the main hotel tower, A Commercial Complex (5,000m2 lease area), Movie Theatres Complex, complementing
the commercial complex housing 10 theatres, and Recreational and Sport Beach Clubs including sea sports facilities for visitors all year round.

The pre-feasibility study results showed good investment returns for the
Saudi group of investors, with an IRR value of 24.6% and a 4.3 years pay
back period.

An Evaluation Study of different Roofing Systems for the development of 61,000m2 warehouses on the Industrial Estate of a leading Saudi Group
of companies.

The study compared 4 types of roofing systems including a revolutionary system by Walter Group and another system by Hexaport International, as
well as conventional steel frames and pre-cast structure.

A Value Engineering Study for a 38,000m2 Commercial Mall development in the city of Hael. The study managed to cut construction cost by 20% without major modification to the original design. The owner's target of 30-35% savings on cost were impossible to achieve without re-design.

An Organization Structure Study for the creation of a RE Investment Company partly owned by Saudi group of investors in joint venture with certain Sudanese Government Agencies.

The project structure proposal highlighted the company's scope of services which included housing, tourism, healthcare, and commercial projects, in addition to urban infrastructures and other metropolitan development schemes.Report also defined the operational roles, organization functional bases, and company's holding structure.

Best Use Assessment Study of an existing 6-stories building on Olya road, Riyadh. The study proposed a renovation scheme of the building for the utilization of its space in two alternative function scenarios: a Business
centre, or a Specialized Clinics centre.

Financial indicators of the study showed good returns on both investment scenarios, giving the Saudi investor an Internal Rate of Return equivalent to 21.9% from the business centre and an IRR of 18.6% from the second scenario.

Best Land Use Study of a 73.5 million square meters raw land south of
King Fahad Airport. A schematic master plan was prepared and specifically developed for; technical and light industrial projects, advanced technical & academic research projects & exhibition centres that can be sponsored by technical and industrial institutions, as well as housing & commercial
projects that serves the community within the city.

The study highlighted the investment work plan stages and presented 3 development scenarios with economic indicators of the returns on
investment.

Cost & Returns Forecasting Computer Model developed for a Leading Real Estate Developer in KSA.

The model assists the investor/user in making informed decision instantaneously by changing few input parameters related to development zones of the 3.4 million square meter site offered by the owner for sale and development in Sharja.

A pre-feasibility study for developing a 200 room's 5star hotel with a complex of recreational facilities oriented for families, on a 50,000m2 site at Jumeirah's Palm Island owned by a Saudi Investor.

The study showed very good internal rate of return IRR=22.1%, and a 5.8 years pay back period for the required development budget of SR 125 million.

Feasibility Study for a complex project development on a 7,500m2 plot in
the central district, with a view to the Prophet Holly Mosque. The project comprises a 400-rooms 5-star Hotel, 50-Beds Hospital with 25 Specialized Clinics, and 5,000m2 Retail Outlets for lease.

The market demand results shown in the study convinced the Executive Committee for the Central District Development in Madinah to reduce its leasing demand terms on the Saudi Investor from 200 Beds to 50 Beds' Hospital development. The SR 130 million project investment will yield
an IRR of 10.9% with 8.1 years pay back.

A Pre-Feasibility Study for the development of two 4-star hotels in the cities of Jubail and Yabu on sites owned by a local Saudi Real Estate Developer.

The base program for Yanbu project was adapted from an existing design on a residential/ commercial complex, while Jubail’s development program was yet to be designed. SWOT analysis of operational returns was studied and results showed better returns for Yanbu project.

A Pre-Feasibility Study for developing a 22-story tower on an 807m2 plot in Ajyad district near the Holly Mosque, Makkah. Three alternative developments were considered; 3-star & 4-star hotels, and a combined hotel/ freehold apartments tower.

All 3 alternatives gave poor return on investment ranging from 4% to 8%
due to the high land value. The third scenario would yield 15.9% return on investment if designated apartments in the tower are sold.

Technical Urban Planning Study prepared for a Saudi Landlord to build up a case for presentation to the Riyadh Municipality for granting excess building heights on certain plots of his 1.79 million square meter blocks of land,
north of Riyadh.

The study built up a case on the bases of analyzing five factors including the effects of Riyadh's strategic master plan, height regulation on commercial roads, development of King Abdullah road, other pilot studies conducted
and implemented in Jeddah, and field survey of neighboring districts.

Best Land Use study of a 10,680m2 plot of land on the Northern Ring road, owned by a Saudi Group. Thestudy scope included 3 alternative commercial developments based on the outcome of field survey and market demand.
1- Commercial Centre, 2- Department Store, and 3- Car Showrooms Centre. The study compared the development costs and expected returns and advised the owner to opt for the second development scenario, despite
having less returns than the first, on the bases of less risk factors involved.

Marketing Research commissioned by a Real Estate Developer in the Eastern Province to support his campaign for launching a mega development project of reclaimed land on the shores of Khubar. The scope of work covered desk research and field survey.

The research findings analyzed the real estate market demand indicators
and risk factors in addition to producing land prices Atlas Maps of Dammam-Khubar area.

Feasibility Assessment Study of redeveloping a 21,500m2 recreational
centre on Cornish road, Jeddah. A 240-room Hotel, 100 showroom outlets centre and indoor amusement facilities were proposed for development
with a development budget of SR 67.5 million.

The Financial indicators conducted for this study showed good internal rate
of return on investment (IRR=19.3%) and 6 years payback period.

Best Land Use Study of a 7,500m2 plot on Cornish road, Jeddah. A Food Court Centre was the best choice for development on this site, offering the Saudi investor low initial capital investment (SR 9.6 million), low
risk and high returns.

The pre-feasibility assessment for this development gave an IRR of 16.8% and 3 years payback period.

Feasibility Assessment Study of beach front land subdivision and evelopment acquired by a well known Saudi Real Estate developer in the Easter Province.

Three scenarios were proposed for development on the 200,000m2 site. Development costs and expected plot sales returns were investigated.

The study outcome assisted the investor in pursuing joint venture schemes with potential individual investors.

Economic Indicators Study for an 8,760m2 investment site at Al-Nafle district, north of Riyadh city. The study commissioned by a distinguished real estate development company in Riyadh, covered the RE market review in general and identified the housing sector demand in the Riyadh region.

The study proposed the development of 28 housing units of 3 prototypes oriented for small family size buyers. The project's feasibility assessment indicated 20.2% returns.

Feasibility Study Computer Model developed for a Leading Real Estate Developer in KSA to instantaneously re-evaluate the feasibility of a SR 1.86 billion complex project development on a 64,200m2 site in Ajyad, Makkah.

The user friendly designed, excel based software allows the user to modify input parameters for the five main building components
comprising the project.

The model assists the investor/user in making informed decision instantaneously in response to changing requirements of the Central Committee for Makkah Development, without the need to re-commission new feasibility study when changes of the project components occur.

The Model was later upgraded to include selling analysis module for partial sale of project components or for the whole project.

Other Studies conducted by Dr. Nabeel Joudah include:

• Technical & Historic Documentary study of the Tabuk Rail Station.
  
  
• Economic Indicators Model developed for a leading Development Company in Riyadh to assess the costs and returns of developing 1,400 low-income housing units' in south-west of Riyadh.
  
  
• Best Use Assessment study of an existing department store on King Fahad Road, with financial analysis of development costs and returns.
  
  
• Pre-feasibility study of a 5-star Hotel to be developed on a 12,000m2 plot on King Fahad road for a private investor from Riyadh.
  
  
• Marketing study and Feasibility Assessment of developing a beach resort on Sharm Obhur, Jeddah.
  
  
• Study Outline Proposal on the establishment of a Mortgage Company for the Real Estate Saudi Market.