UAE-Singapore trade up 50% |
|
With United Arab Emirates-Singapore trade increasing by over 50 per cent between 2004 and 2006, reaching in excess of $30 billion, bilateral business, investment and trade ties are set to enter into a new era of progress and development. Dubai investors are diversifying in Asian luxury properties and Singapore developers see strong interest from UAE patrons, a report released this week suggested.
Dubai's red-hot property market continuing to show strong returns, a recent flurry of purchases by investors has driven real-estate prices to record new highs across the UAE. However, although far from being saturated, industry observers say that it is no longer a necessity to consider the country as the only basket for well-calculated, profitable ventures.
Seasoned property enthusiasts are already venturing beyond the borders to new markets with budding opportunities with some not-so-new ones that have been in a league of their own. Although mostly institutional investors until now, Middle Eastern individuals are increasingly looking towards the sub-continent and the Far East for new frontiers.
Ong Chih Ching, co-founder and managing director of Singapore's Hayden Properties, said the Middle East, particularly the GCC, is an important market for ultra-high-end property developments.
Hayden, a joint venture between KOP Capital and Emirates Tarian Capital, a unit of Emirates Investments Group, is developing the Ritz-Carlton Residences (RCR) in Singapore's exclusive Cairnhill neighbourhood.
"Even with the global uncertainty surrounding the US economy, Singapore's property market set new records last year. We at Hayden are very pleased that our flagship development, RCR, still managed to be the most exclusive luxury property in Singapore," the managing director said.
Singapore has proven to be fertile ground for a strong property market, with record levels of investment activity in 2006 and 2007. Economists and market watchers anticipate strong demand levels through this year and next, with many expecting expansion all the way through the first quarter of 2010.
In an exclusive, invitation-only road show planned for next week, RCR in Singapore is targeting a particular niche of long-term, premium-property investors with an eye toward high-end service. "Our clients tend to be high net-worth individuals who plan to live in this kind of property for some time. This entails a relatively medium to long-term investment, and this stability is reinforced by the premium brand associated with the residences," added Ong.
© Bahrain Tribune 2008
x
DISCLAIMER
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Community Comments (0) -
Comment on this article 
The opinions of the authors expressed herein do not necessarily state or reflect Zawya. Read our Comment Policy.
Zawya Comment Policy:
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Community Buzz
Stories
Companies
Most viewed companies by Community in the last 24 hrs
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Hyundai Engineering and Construction Company - Saudi Arabia | Saudi Arabia | Construction and Design |
| Zuhair Fayez Partnership Consultants | Saudi Arabia | Construction and Design |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Ministry of Health - Saudi Arabia | Saudi Arabia | Ministries and Municipalities |
| Almarai Company | Saudi Arabia | Food |
| Qatar Shipping Company | Qatar | Transportation Services |
| Nissan Motor Egypt | Egypt | Transportation Products |
Projects
Most viewed projects by Community in the last 24 hrs
| Project Name | Country | Sector |
| ADNOC/ConocoPhillips - Sour Gas Fields Development - Shah Field | UAE | Oil and Gas |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Aramco/Dow Chemical - Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| Abu Dhabi Ports Company - Khalifa Port and Industrial Zone (KPIZ) | UAE | Infrastructure |
| Qatar Foundation - Sidra Medical and Research Center | Qatar | Real Estate |
| IGD - Gasco - Habshan 5 Gas Processing Plant | UAE | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| Abu Dhabi DOT - Abu Dhabi Metro | UAE | Infrastructure |







Loading ...