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Dubai: Research is issued by UBS AG Dubai Branch within the DIFC, is intended for professional clients only and is no for onward distribution within the United Arab Emirates. France: This publication is distributed by UBS (France) S.A., French "société anonyme" with share capital of € 125.726.944, 69, boulevard Haussmann
Page: HOUSE_OVERSIGHT_025290 →Austria. The document may only be used by the direct recipient of this information and may under no circumstances be passed on to any other investor. Bahamas: This publication is distributed to private clients of UBS (Bahamas) Ltd and is not intended for distribution to persons designated as a Bahamian cit
Page: HOUSE_OVERSIGHT_025290 →RAB EMIRATES RESIDENTS ONLY (EXCLUDING THE DUBAI INTERNATIONAL FINANCIAL CENTRE ("DIFC"): THE INTERESTS OFFERED ARE NOT REGULATED UNDER THE LAWS OF THE UNITED ARAB EMIRATES (`UAE") RELATING TO FUNDS, INVESTMENTS OR OTHERWISE. NEITHER THE PARTNERSHIP NOR THIS MEMORANDUM IS APPROVED BY THE UAE CENTRAL BANK, THE SECURITI
COMPLIANCE WITH ANY OF SUCH RESTRICTIONS, LIMITATIONS AND REQUIREMENTS AS ESTABLISHED UNDER AZERBAUAN LAW OR ANY APPLICABLE INTERNAL DOCUMENT. FOR BAHAMAS RESIDENTS ONLY: THIS MEMORANDUM IS NOT, AND UNDER NO CIRCUMSTANCES IS TO BE CONSTRUED AS, AN ADVERTISEMENT OR A PUBLIC OFFERING OR A SOLICITATION O
s are cooling, according to brokers, analysts and investors. "The prices in Dubai are much lower than in China," said Joan Chang, 32, a resident of the United Arab Emirates who is originally from Shanghai. She manages her and her husband's portfolio of five one- and two-bedroom apartments throughout the emirate and is
truction. In December, it bought New York-based Plaza Construction for an undisclosed sum and it is building a $3.4 billion casino and resort in the Bahamas. It also has a number of significant contracts in Abu Dhabi, 100 miles down the road from Dubai in the U.A.E. —Jason Chow contributed to this arti
y dated 20 November 2009). Failure to comply with the above-mentioned requirements may constitute a breach of the CISA. UAE Notice to Investors in the United Arab Emirates Neither this Memorandum nor the interests in the Fund have been approved, disapproved or passed on in any way by the Central Bank of the United Ara
mpliance with the applicable provisions of the Austrian Capital Market Act, the Investment Fund Act or any other applicable securities regulation. Bahamas Notice to Investors in the Bahamas No invitation will be made to the public of the Bahamas to subscribe for the interests. Kingdom of Bahrain Not
Entities connected to both United Arab Emirates and Bahamas

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