Engineering economics case study
Case Study, Part 1:
Select one potential investment in real estate (Apartment, Office, House… etc)
in the UAE and estimate the following:
1) Initial cost
2) Useful life of the asset
3) Operating and maintenance yearly cost
4) Visit one Islamic bank to collect information on how to finance a real
estate and based on the information, calculate the finance cost of the
investment
5) Calculate the IRR of the investment. If your MARR is 10%, would you
pursue this investment?