Key Risks and Disclaimer

REGULATORY STATUS AND IMPORTANT NOTICES

1.1 What We Are

Oliva DB Properties Co. L.L.C S.O.C ("Oliva," "we," "us," or "our") is a mainland Dubai real estate brokerage licensed to facilitate residential property transactions in the Emirate of Dubai. Our regulatory credentials are:

• Trade License: 1573501
• RERA Broker Registration Number (BRN): 1573501
• Registered Activity: Real Estate Buying & Selling Brokerage
• Regulatory Authority: Dubai Land Department (DLD) and Real Estate Regulatory Agency (RERA)
• Governing Regulation: Bylaw 85 of 2006 concerning the Organization of the Real Estate Brokers Register in Dubai

1.2 What We Are NOT – Critical Regulatory Disclaimers

IT IS ESSENTIAL THAT YOU UNDERSTAND THE LIMITATIONS OF OUR REGULATORY STATUS AND THE SERVICES WE ARE LICENSED TO PROVIDE:

1.3 This Is NOT Investment Advice

Any and all information we provide regarding properties, market conditions, rental yields, potential returns, or investment considerations is provided

FOR GENERAL INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE:

1. financial advice or investment advice within the meaning of any applicable law or regulation;
2. a recommendation or solicitation to purchase, sell, or hold any property;
3. an assessment of the suitability of any property investment for your individual circumstances, financial situation, investment objectives, or risk tolerance;
4. legal advice regarding property ownership, contracts, visa implications, or any other legal matter;
5. tax advice regarding UAE taxation, your home country taxation, or any international tax implications;
6. a guarantee, warranty, or representation regarding any future outcome, value, return, or performance; or
7. an inducement to enter into any transaction.

WE DO NOT AND CANNOT ASSESS THE SUITABILITY OF ANY PROPERTY INVESTMENT FOR YOUR INDIVIDUAL CIRCUMSTANCES. ALL INVESTMENT DECISIONS ARE YOURS ALONE AND MADE AT YOUR OWN RISK.

1.4 Mandatory Independent Advice

WE STRONGLY RECOMMEND AND URGE YOU TO OBTAIN INDEPENDENT PROFESSIONAL ADVICE BEFORE MAKING ANY PROPERTY INVESTMENT DECISION. SPECIFICALLY:

• Financial Advisor: An independent, qualified financial advisor to assess whether property investment is suitable for your circumstances, financial situation, and investment objectives.
• Legal Advisor: A qualified UAE lawyer (and, where relevant, a lawyer in your home jurisdiction) to review all contracts, advise on legal implications, and ensure your interests are protected.
• Tax Advisor: A qualified tax professional familiar with both UAE tax treatment and your home country's taxation of foreign property ownership, rental income, and capital gains.
• Currency Specialist: If investing in a currency other than your home currency, a foreign exchange specialist to advise on currency risk management.

Your failure to obtain independent advice does not diminish or limit your acknowledgment of risks or our limitation of liability as set forth herein and in our Terms and Conditions.

COMPREHENSIVE INVESTMENT RISK DISCLOSURE

Property investment involves numerous, material, and potentially severe risks. This Part 2 sets forth a comprehensive (but not exhaustive) description of the principal risks associated with investing in Dubai real estate. You must read, understand, and accept these risks in full before proceeding with any transaction.

2.1 Market and Economic Risks

2.1.1 Property Value Fluctuations

Dubai's real estate market has historically experienced significant and sustained price volatility. Key considerations:

• Historical Declines: Between 2014 and 2020, Dubai property values experienced substantial and prolonged declines across multiple market segments. Some areas lost 30% to 50% or more of their peak values.
• Future Uncertainty: There is no guarantee that current market conditions will continue. Property values can fall substantially and rapidly, and may not recover to purchase levels within your investment horizon or at all.
• Area-Specific Performance: Different areas, developments, and property types perform differently. Emerging areas may lack established infrastructure, amenities, or transport links. Promised area developments may be delayed, reduced in scope, or cancelled entirely.
• Negative Equity Risk: If property values decline while you hold a mortgage, you may owe more than the property is worth (negative equity), limiting your ability to sell or refinance.

WARNING: YOU MAY SELL YOUR PROPERTY FOR SUBSTANTIALLY LESS THAN YOU PAID. PAST PRICE APPRECIATION IS NOT INDICATIVE OF FUTURE PERFORMANCE.

2.1.2 Supply and Demand Dynamics

Dubai continues to experience significant ongoing new property development:

• Oversupply Risk: Large volumes of new supply entering the market can depress prices and rental yields in affected areas and property segments, even during periods of general market strength.
• Competition from New Developments: Your property will compete with newly launched projects from major developers, which may offer more attractive pricing, payment plans, or specifications.
• Demand Volatility: Demand is influenced by economic conditions, population growth, employment patterns, visa policies, and global investor sentiment—all of which can change rapidly and unpredictably.

2.1.3 Economic and Geopolitical Dependencies

Dubai's economy and real estate market are influenced by multiple external factors:

• Oil Price Sensitivity: While Dubai has diversified its economy, the broader GCC region remains influenced by oil prices. Significant oil price movements affect regional liquidity, investment flows, and economic confidence.
• Tourism and Trade Dependency: Dubai's economy relies significantly on tourism, trade, and its position as a regional hub. Global travel disruptions, trade disputes, or geopolitical tensions can materially impact the property market.
• Regional Geopolitical Risks: The Middle East region experiences periodic geopolitical tensions. While Dubai has historically remained stable, regional instability can affect investor confidence and property values.
• Global Economic Conditions: Dubai's international investor base means the market is affected by global economic cycles, financial crises, and monetary policy decisions in major economies.

2.1.4 Interest Rate Risk

• EIBOR Linkage: Most UAE mortgages are variable rate, linked to the Emirates Interbank Offered Rate (EIBOR). Your mortgage payments can increase significantly if rates rise.
• Fed Policy Transmission: Due to the AED's peg to the USD, UAE interest rates generally follow US Federal Reserve policy. Rising US rates typically lead to rising UAE rates.
• Market Impact: Rising interest rates increase borrowing costs, reduce affordability, and can suppress property demand and values.

WARNING: WE RECOMMEND STRESS-TESTING YOUR BUDGET ASSUMING INTEREST RATES RISE BY 2% TO 3% FROM CURRENT LEVELS TO ENSURE AFFORDABILITY IN ADVERSE SCENARIOS.

2.2 Liquidity and Exit Risks

2.2.1 Illiquidity of Real Estate

REAL ESTATE IS AN INHERENTLY ILLIQUID ASSET CLASS.

• Normal Market Conditions: Under typical market conditions, property sales take 30 to 90 days or longer from listing to completion. This timeline varies significantly by property type, location, pricing, and market conditions.
• Challenging Market Conditions: In down markets, distressed conditions, or periods of oversupply, sales may take 6 to 12 months or considerably longer. Some properties may prove unsaleable at any reasonable price.
• Indicative Sale Timelines (Normal Conditions):

2.2.2 No Guaranteed Exit

CRITICAL: THERE IS NO GUARANTEE THAT YOU WILL BE ABLE TO SELL YOUR PROPERTY WHEN DESIRED, AT YOUR DESIRED PRICE, OR AT ALL. YOU MUST BE PREPARED TO HOLD YOUR INVESTMENT FOR AN EXTENDED AND POTENTIALLY INDEFINITE PERIOD.

2.2.3 Transaction and Exit Costs

Selling property incurs substantial costs that reduce your net proceeds:

WARNING: TOTAL EXIT COSTS TYPICALLY EXCEED 4% TO 6% OF PROPERTY VALUE. THESE COSTS MUST BE FACTORED INTO YOUR INVESTMENT CALCULATIONS.

2.2.4 Market Timing Risk

• Your ability to sell depends entirely on market conditions at the time of sale, which are beyond your control.
• Personal circumstances (job loss, relocation, financial need) may force you to sell during unfavorable market conditions, potentially realizing significant losses.
• If you are unable to meet mortgage payments, service charges, or other obligations, your property may be subject to forced sale at below-market prices through legal proceedings.

2.3 Rental Income Risks

CRITICAL: RENTAL YIELDS ARE NOT GUARANTEED. ANY YIELD ESTIMATES, PROJECTIONS, OR HISTORICAL DATA WE PROVIDE ARE FOR INFORMATIONAL PURPOSES ONLY AND DO NOT CONSTITUTE FORECASTS OR GUARANTEES OF FUTURE INCOME.

2.3.1 Yield Projections Are Not Guarantees

Any rental yield estimates or projections:

• Are based on assumptions regarding occupancy, rental rates, and expenses that may not materialize;
• Rely on historical data and current market conditions that may not continue;
• Do not account for property-specific factors affecting rentability;
• May differ materially from actual results achieved; and
• Should not be relied upon as predictions of future performance.

2.3.2 Vacancy Risk

• Standard Vacancy Allowance: Properties routinely experience vacancy periods between tenancies. We recommend budgeting for a minimum of 4 to 8 weeks vacancy per year.
• Extended Vacancies: In oversupplied markets, economic downturns, or for properties with limited appeal, vacancies may extend considerably longer, potentially months.
• Ongoing Obligations: During vacancy periods, you remain fully liable for mortgage payments, service charges, DEWA minimum charges, and maintenance costs.

2.3.3 Tenant Default Risk

• Non-Payment: Tenants may fail to pay rent partially or entirely. Your recourse is through the Rental Dispute Settlement Centre (RDSC), which typically takes 2 to 6 months to resolve cases.
• Recovery Uncertainty: Even with a favorable RDSC judgment, actual recovery of arrears depends on the tenant's assets and willingness to pay. Some arrears may prove uncollectable.
• Property Damage: Tenants may damage the property beyond normal wear and tear. Security deposits may not cover all damage, and recovery of excess costs can be difficult.

2.3.4 Market Rent Fluctuations

• Market rents fluctuate based on supply, demand, economic conditions, and area-specific factors.
• The RERA Rental Index guides rental increases for renewals but does not prevent rent decreases when renewing or re-letting in down markets.
• You may need to accept significantly lower rents than projected or than previously achieved to secure or retain tenants.

2.3.5 Operating Cost Increases

• Service Charges: Service charges (HOA fees) are set by Owners Associations and may increase substantially year-over-year. Increases of 5% to 15% annually are not uncommon, particularly in newer buildings as actual operating costs become clearer.
• Maintenance and Repairs: Properties require ongoing maintenance and periodic major repairs. We recommend budgeting 1% to 2% of property value annually for maintenance reserves.
• Insurance: Landlord insurance premiums may increase, particularly following claims or market-wide events.

2.4 Off-Plan Property Risks

Off-plan property purchases carry heightened risks compared to completed (resale) properties. These risks are in addition to all other risks described in this document.

2.4.1 Developer Default and Insolvency

• Financial Failure: Developers, including well-known names, may face financial difficulties, insolvency, or bankruptcy. Even developers with strong track records are not immune to financial distress.
• Project Abandonment: Developer financial failure may result in project abandonment, leaving buyers with incomplete properties and uncertain recovery prospects.
• Recovery Delays: In the event of developer default, recovery of funds through RERA procedures, escrow mechanisms, or legal proceedings may take considerable time (potentially years) and may be incomplete.

2.4.2 Escrow Account Limitations

While Dubai Law No. 8 of 2007 mandates escrow accounts for off-plan sales, you should understand the limitations of this protection:

• Milestone Releases: Escrow funds are released to developers upon completion of construction milestones verified by DLD—not only at full project completion. By the time a project fails, substantial funds may have already been released.
• Bank Liability: Escrow account banks are not liable for developer default or project failure. The bank's role is limited to holding and disbursing funds according to regulatory requirements.
• Refund Procedures: If a project is cancelled, refund procedures follow RERA protocols. This process may take considerable time and may not result in full recovery of all amounts paid, particularly if funds have been released and developer assets are insufficient.
• Opportunity Costs: Even with eventual refund, you will have lost opportunity costs, financing costs, and transaction fees already incurred.

WARNING: ESCROW PROTECTION IS NOT A GUARANTEE AGAINST LOSS. YOU MAY LOSE SOME OR ALL OF YOUR INVESTMENT IN THE EVENT OF DEVELOPER DEFAULT.

2.4.3 Construction Delays

• Common Occurrence: Construction delays beyond originally announced handover dates are common in the Dubai market. Delays of 6 to 24 months (or longer) are not unusual.
• Compensation Uncertainty: Under Dubai law, developers may be liable for compensation for significant delays. However, enforcement varies, many SPAs contain force majeure clauses limiting developer liability, and pursuing claims can be time-consuming and costly.
• Financial Impact: Delays extend the period before you can occupy, rent, or sell the property, affecting your cash flow and investment returns.

2.4.4 Specification Changes

• Area Variations: RERA permits area variations of plus or minus 5% from contracted size. This is standard in SPA contracts, and you may receive a property smaller than expected.
• Finish and Quality: Final delivered specifications may differ from showroom models and marketing materials. Developers may substitute finishes, fixtures, and appliances with "equivalent or better" alternatives at their discretion.
• View and Surroundings: Views and surrounding areas may differ from marketing representations. Adjacent developments, infrastructure, or landscaping may not proceed as shown.

2.4.5 Project Cancellation

• RERA may cancel projects for regulatory violations, developer failure to meet milestones, or other reasons.
• In such cases, refund procedures apply through RERA, but the process may be lengthy and recovery may be incomplete.
• You may lose opportunity costs, financing costs, and transaction fees already incurred regardless of any refund received.

2.4.6 Handover and Defect Risks

• Snagging: Properties at handover commonly require identification and remediation of defects (snagging). Some defects may be difficult to identify or resolve.
• Defect Liability Period: Defect liability periods (typically 12 months) provide some protection, but enforcement depends on developer cooperation and, ultimately, RERA intervention or legal proceedings.
• Latent Defects: Some defects (structural issues, waterproofing failures) may only emerge after the defect liability period has expired.

CRITICAL: OLIVA IS NOT RESPONSIBLE FOR DEVELOPER PERFORMANCE, CONSTRUCTION QUALITY, DELAYS, SPECIFICATION CHANGES, OR PROJECT CANCELLATION. YOUR CONTRACTUAL RIGHTS ARE WITH THE DEVELOPER, ENFORCEABLE THROUGH RERA DISPUTE MECHANISMS AND DUBAI COURTS.

2.5 Currency and Foreign Exchange Risks

FOR INVESTORS WHOSE BASE CURRENCY IS NOT USD OR AED, CURRENCY RISK IS SIGNIFICANT AND MAY MATERIALLY AFFECT YOUR INVESTMENT RETURNS.

2.5.1 AED/USD Peg

• The UAE Dirham (AED) is pegged to the US Dollar at approximately 3.6725 AED = 1 USD.
• This peg has been maintained since 1997 but is not guaranteed to continue indefinitely.
• Any modification to the peg would significantly affect your investment value in other currencies.

2.5.2 Exchange Rate Impact

Fluctuations in your home currency against USD/AED will affect:

• Purchase Cost: Your effective purchase price in home currency terms;
• Rental Income: The value of ongoing rental income when converted to your home currency;
• Sale Proceeds: Your net proceeds upon sale when repatriated to your home currency; and
• Total Return: Your overall investment return, which may be positive in AED terms but negative in home currency terms (or vice versa).

2.5.3 Conversion Costs

• You will incur fees and spreads on currency conversions when purchasing property, receiving rental income, and repatriating sale proceeds.
• These costs reduce your net returns and should be factored into investment calculations.

2.5.4 Repatriation

• The UAE currently permits free repatriation of capital, rental income, and sale proceeds without capital controls.
• Transfers are subject to banking compliance checks and AML verification. Large transfers may require documentation of fund sources.
• Your home country may have reporting requirements for incoming funds from overseas.

2.6 Regulatory, Legal, and Tax Risks

2.6.1 Foreign Ownership Rights

• Foreign ownership of freehold property is permitted in designated areas under Dubai law.
• While ownership rights have been stable, laws can change. Future modifications to foreign ownership rights cannot be excluded.
• Different property types (freehold, leasehold, usufruct) carry different rights and limitations.

2.6.2 Visa and Residency Rules

VISA RULES CHANGE FREQUENTLY AND WITHOUT NOTICE.

• Golden Visa and property investor visa programs have been modified multiple times since their introduction and may change again.
• Current minimum investment thresholds (currently AED 2 million for Golden Visa) may increase.
• Program eligibility criteria, visa benefits, and family sponsorship rules may be modified.
• Maintaining visa eligibility requires ongoing property ownership meeting threshold requirements.

WARNING: DO NOT PURCHASE PROPERTY SOLELY FOR VISA PURPOSES WITHOUT UNDERSTANDING THAT RULES MAY CHANGE AND FUTURE ELIGIBILITY IS NOT GUARANTEED.

2.6.3 UAE Taxation

The UAE currently offers favorable tax treatment for property investors:

• Personal Income Tax: Currently 0% on rental income for individuals.
• Capital Gains Tax: Currently 0% on property sales for individuals.
• VAT: 5% applies to brokerage services, management fees, and certain other services. Residential rent is currently VAT-exempt.
• Corporate Tax: 9% on profits exceeding AED 375,000 for properties held through companies.

CRITICAL: TAX LAWS CAN CHANGE. FUTURE INTRODUCTION OF PERSONAL INCOME TAX, CAPITAL GAINS TAX, PROPERTY TAX, OR OTHER TAXES CANNOT BE EXCLUDED.

2.6.4 Home Country Taxation

CRITICAL: REGARDLESS OF UAE TAX TREATMENT, YOU MAY BE LIABLE FOR TAX IN YOUR COUNTRY OF RESIDENCE OR CITIZENSHIP ON FOREIGN PROPERTY OWNERSHIP, RENTAL INCOME, AND CAPITAL GAINS. THIS IS YOUR RESPONSIBILITY.

• Many countries tax their residents' worldwide income, including foreign rental income.
• Capital gains on foreign property sales may be taxable in your home jurisdiction.
• Some countries impose wealth taxes, estate taxes, or reporting requirements on foreign assets.
• Tax treaties between the UAE and your country may affect treatment but must be assessed by a qualified tax advisor.
• We do not provide tax advice and cannot advise on your home country tax obligations. You must seek independent tax advice.

2.6.5 Inheritance and Succession

• Default Rules: By default, UAE law may apply Sharia inheritance principles to property owned by non-Muslims, which may result in distribution different from your wishes.
• Mandatory Shares: Under default rules, your spouse, children, and parents may have mandatory shares that override wishes expressed in a will made in your home country.
• DIFC Wills: Non-Muslims can register a will with the DIFC Wills Service Centre to specify distribution of UAE assets according to their own wishes.

WARNING: WE STRONGLY RECOMMEND NON-MUSLIM INVESTORS REGISTER A DIFC WILL FOR THEIR UAE ASSETS. FAILURE TO DO SO MAY RESULT IN YOUR PROPERTY PASSING CONTRARY TO YOUR WISHES.

2.6.6 Regulatory Compliance

• Real estate transactions are subject to increasingly stringent AML/KYC requirements under UAE law.
• Failure to provide required documentation or satisfy due diligence may result in transaction delays, rejection, or inability to complete.
• International sanctions and compliance requirements may affect certain nationalities or individuals.

2.7 Third-Party Service Risks

2.7.1 Mortgage Financing

• No Guarantee of Approval: Mortgage financing is subject to bank approval based on their assessment of your circumstances. There is no guarantee of approval.
• Terms May Vary: Interest rates, loan amounts, LTV ratios, and terms offered may differ from initial indications or pre-approvals.
• Policy Changes: Banks may change lending criteria, reducing available financing options. Some banks restrict certain nationalities.
• Our Role: We provide referrals to mortgage brokers only. We are not licensed to provide mortgage advice and accept no liability for mortgage arrangements.

2.7.2 Property Management

• Third-party property managers act on your behalf as your agent under their own terms, not as our agent.
• We accept no responsibility for property manager performance, including tenant selection, rent collection, maintenance quality, property condition, or any losses arising from property management services.

2.7.3 Property Inspections

• Property inspections are visual assessments only and do not guarantee the absence of defects.
• Inspectors cannot examine concealed elements (within walls, under flooring, etc.).
• We provide referrals to inspection providers only and accept no liability for inspection accuracy or completeness.

2.8 Financing and Leverage Risks

If you use mortgage financing to purchase property, the following additional risks apply:

• Amplified Losses: Leverage amplifies both gains and losses. A 20% decline in property value may result in loss of your entire equity if you have an 80% LTV mortgage.
• Payment Obligations: Mortgage payments are due regardless of rental income, vacancy, or property value. Failure to pay may result in default and foreclosure.
• Rate Increases: Variable rate mortgages can see significant payment increases if interest rates rise.
• Refinancing Risk: If your mortgage expires during a down market or period of tighter lending standards, you may not be able to refinance on favorable terms.
• Forced Sale: If you cannot meet mortgage obligations, the bank may foreclose and sell your property at below-market prices, potentially leaving you with residual debt.

LIMITATION OF LIABILITY

THIS PART 3 CONTAINS IMPORTANT LIMITATIONS ON OUR LIABILITY. PLEASE READ CAREFULLY.

3.1 Liability Cap

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE TOTAL AGGREGATE LIABILITY OF OLIVA, ITS DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, AND AFFILIATES TO YOU FOR ANY AND ALL CLAIMS ARISING FROM OR RELATED TO OUR SERVICES, WHETHER IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STATUTE, OR OTHERWISE, SHALL NOT EXCEED THE LOWER OF:

1. the total commission and fees actually paid by you to Oliva in connection with the transaction giving rise to the claim; or
2. FIFTY THOUSAND DIRHAMS (AED 50,000).

3.2 Excluded Losses

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, OLIVA SHALL NOT BE LIABLE FOR ANY:

1. loss of profits, revenue, income, anticipated savings, or investment returns;
2. loss of business, contracts, commercial opportunities, or goodwill;
3. loss of rental income, capital appreciation, or property value;
4. indirect, incidental, consequential, special, punitive, or exemplary damages;
5. losses arising from your reliance on any information, projections, or estimates we provide;
6. losses caused by developers, sellers, banks, property managers, tenants, or other third parties;
7. losses arising from market conditions, economic factors, or circumstances beyond our reasonable control; or
8. any other losses not directly caused by our breach of our Terms and Conditions,

regardless of whether we were advised of, or should have been aware of, the possibility of such losses.

3.3 Specific Exclusions

Without limiting the generality of the above, we specifically accept NO LIABILITY for:

• investment outcomes, including whether your property increases or decreases in value;
• rental yields or income, including vacancy periods and tenant defaults;
• developer delays, defaults, specification changes, or project cancellations;
• construction quality, defects, or remediation;
• mortgage approval, rejection, or terms offered by lenders;
• property management performance, tenant quality, or maintenance;
• inspection accuracy or defects not identified;
• changes in UAE laws, regulations, visa rules, or tax treatment;
• currency fluctuations affecting your returns;
• your home country tax obligations arising from your investment;
• decisions made based on information or projections we provided; or
• any matter disclosed in this Key Risks Disclosure or our Terms and Conditions.

3.4 Non-Excludable Liability

Nothing in this document or our Terms and Conditions shall exclude or limit our liability for:

1. fraud or fraudulent misrepresentation;
2. gross negligence or willful misconduct;
3. death or personal injury caused by our negligence; or
4. any other liability that cannot be lawfully excluded or limited under UAE law.

3.5 UAE Civil Code Acknowledgment

You acknowledge that under UAE Civil Code Article 390(2), courts retain discretion to vary agreed liability limitations to reflect actual damages suffered. Notwithstanding this judicial discretion, you confirm that:

1. the liability limitations herein and in our Terms and Conditions represent a fair allocation of risk between a real estate brokerage and its clients;
2. our services and pricing are structured based on these limitations;
3. you have had the opportunity to obtain insurance or other protection against investment losses; and
4. you voluntarily accept this allocation of risk.

PROJECTIONS AND FINANCIAL INFORMATION DISCLAIMER

4.1 Nature of Financial Information

Our platform may display various financial indicators, metrics, and projections. You must understand the following:

• Projections Are Not Forecasts: Any projected rental yields, returns, appreciation estimates, or financial projections are illustrative scenarios based on assumptions, not forecasts or predictions of future performance.
• Assumptions May Not Materialize: Projections rely on assumptions regarding occupancy rates, rental levels, expense ratios, market conditions, and other factors that may not materialize.
• Historical Data Limitations: Historical performance data reflects past conditions and is not indicative of future results. Past performance is not a reliable indicator of future performance.
• No Guarantee: We make no warranty, representation, or guarantee regarding the accuracy, completeness, or achievability of any financial information or projections.

4.2 Specific Metric Disclaimers

Financial indicators displayed on our platform (including but not limited to the following) are estimates only and not guaranteed:

• Net Yield / Rental Yield: Estimated based on current market rents and assumed expenses. Actual yields depend on tenant quality, occupancy, and actual expenses incurred.
• Net Operating Income (NOI): Estimated rental income minus estimated operating expenses. Does not include financing costs. Actual NOI may vary significantly.
• Cash-on-Cash Return: Assumes specific financing terms and occupancy rates that may not be achieved.
• IRR Projections: Based on assumed holding period, rental growth, exit value, and financing terms. Highly sensitive to assumptions and not guaranteed.
• Capital Appreciation: Any appreciation estimates are speculative. Property values may decline, not appreciate.

WE EXPRESSLY DISCLAIM ANY WARRANTY OR REPRESENTATION REGARDING FUTURE PROPERTY VALUES, RENTAL INCOME, INVESTMENT RETURNS, OR ANY OTHER FINANCIAL OUTCOME.

DIVERSIFICATION AND INVESTMENT STRATEGY

DO NOT OVER-CONCENTRATE YOUR INVESTMENTS

Property investment should typically form only part of a diversified investment portfolio. We recommend:

• Invest Only What You Can Afford to Lose: Do not invest funds that you cannot afford to lose without affecting your standard of living or financial security.
• Maintain Liquid Reserves: Keep sufficient liquid assets for emergencies, mortgage payments during vacancies, and unexpected expenses.
• Diversify Across Asset Classes: Do not concentrate your wealth solely in real estate. Consider diversification across stocks, bonds, and other asset classes.
• Geographic Diversification: If investing significantly in Dubai real estate, consider diversifying across different areas, property types, and price segments.
• Seek Professional Advice: Consult independent financial advisors regarding portfolio allocation and investment strategy.

WE DO NOT ASSESS PORTFOLIO SUITABILITY OR DIVERSIFICATION. THIS IS YOUR RESPONSIBILITY WITH YOUR OWN ADVISORS.

ACKNOWLEDGMENT AND ACCEPTANCE

BY ENGAGING OLIVA'S SERVICES OR PROCEEDING WITH ANY PROPERTY TRANSACTION THROUGH OLIVA, YOU EXPRESSLY ACKNOWLEDGE, CONFIRM, AND AGREE TO THE FOLLOWING:

1. DOCUMENT REVIEW: I have read and understood this Key Risks Disclosure in its entirety.
2. TERMS AND CONDITIONS: I have read and understood Oliva's Terms and Conditions and agree to be bound by them.
3. RISK ACCEPTANCE: I accept all risks inherent in property investment as described in this document, including the risk of losing some or all of my investment.
4. NO ADVICE: I understand that Oliva does not provide financial, investment, legal, or tax advice, and I am not relying on any such advice from Oliva.
5. NO GUARANTEES: I understand that Oliva does not guarantee any investment outcomes, rental yields, capital appreciation, or returns.
6. PROJECTIONS DISCLAIMER: I understand that any projections, estimates, or financial information provided by Oliva are for informational purposes only and are not guarantees of future performance.
7. INDEPENDENT ADVICE: I have had the opportunity to seek independent financial, legal, and tax advice before making any investment decision, and I understand that I should do so.
8. OWN DECISION: I am making my own informed investment decision based on my own judgment, research, and independent professional advice, not in reliance on Oliva.
9. PROPERTY VALUES: I understand that property values can fall as well as rise, and I may sell my property for less than I paid.
10. RENTAL INCOME: I understand that rental income is not guaranteed and may be materially lower than projected.
11. ILLIQUIDITY: I understand that real estate is illiquid and I may not be able to sell my property when desired, at my desired price, or at all.
12. OFF-PLAN RISKS: If purchasing off-plan, I understand the additional risks including developer default, delays, specification changes, and project cancellation, and that escrow protection has limitations.
13. THIRD-PARTY SERVICES: I understand that Oliva is not responsible for third-party services including mortgage financing, property management, and inspections.
14. LIABILITY LIMITATIONS: I accept the limitation of liability provisions set forth herein and in Oliva's Terms and Conditions.
15. TAX RESPONSIBILITY: I understand that I am responsible for my own tax compliance in my country of residence and any other relevant jurisdictions.
16. CURRENCY RISK: If my base currency is not USD or AED, I understand and accept the currency risks affecting my investment.
17. AFFORDABILITY: I am investing only funds that I can afford to lose without affecting my standard of living or financial security.
18. LEGAL CAPACITY: I have full legal capacity to enter into binding agreements and make investment decisions.
19. BINDING EFFECT: This acknowledgment is binding upon me, my heirs, successors, and assigns.

FINAL WARNING

PROPERTY INVESTMENT IS SPECULATIVE AND INVOLVES SUBSTANTIAL RISK OF LOSS.

YOU SHOULD NOT INVEST UNLESS YOU ARE PREPARED TO SUSTAIN A TOTAL LOSS OF YOUR INVESTMENT.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

IF YOU DO NOT FULLY UNDERSTAND AND ACCEPT ALL RISKS DESCRIBED IN THIS DOCUMENT,

DO NOT PROCEED WITH ANY TRANSACTION.

GOVERNING LAW AND DISPUTE RESOLUTION

7.1 Governing Law

This Key Risks Disclosure is governed by and construed in accordance with the laws of the United Arab Emirates and the Emirate of Dubai.

7.2 Dispute Resolution

Disputes arising from or in connection with this document or our services shall be resolved in accordance with the dispute resolution provisions set forth in our Terms and Conditions, including:

• RERA dispute resolution mechanisms for brokerage-related matters;
• Exclusive jurisdiction of the Courts of Dubai; or
• DIAC arbitration for claims exceeding AED 500,000 at either party's election.

7.3 Limitation Period

Any claim arising from or in connection with this document or our services must be commenced within TWO (2) YEARS from the date the cause of action arose. Claims not brought within this period are time-barred.

7.4 Class Action Waiver

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, YOU AGREE TO BRING CLAIMS AGAINST US ONLY IN YOUR INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS ACTION, COLLECTIVE ACTION, OR REPRESENTATIVE PROCEEDING.

PART 8: CONTACT INFORMATION