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Dubai, Shanghai, Mumbai or Goodbye

Category: Real estate, Posted:04 Dec 2009 | 07:16 am

Reading the New York Times yesterday I was reminded of the sheer mention of the boom year anthem 'Dubai, Shanghai, Mumbai or Goodbye', how the petro dollar deluge had driven what became the icon of the new world order from a rising star to a falling meteor. It never ceases to amaze me how many financial types never even realized that Dubai didn't have any oil and was built on the foundations of commerce, property and mega growth.
In the eye of the storm remains Dubai World with its Nakeel, Isthimar and Dubai Port's business units, though for many what is now clouding the issue remains internal political struggles, bail outs by its wealthy neighbors and talk of liquidating assets in order to meet its debt servicing obligations. Property and real estate figure large into the equation where in many cases of existing investments have seen valuations shredded and new developments are yet completed in order to produce cash flow and yields. It's a classic Catch 22 and something has to give.
What's unclear for the moment is will a bail out resolve the issue or else could there be a great Dubai World asset sale that could creating a feeding frenzy with the substantial global portfolio of property? With close to US$60 billion in debt, and no real clarity on proper valuation of assets due to fluctuations in value, this looks to be a captivating story that is no going to go away any time soon.

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Cambodia Business Briefing – What Comes Next?

Category: Hotels|Real estate|Tourism, Posted:19 Oct 2021 | 08:13 am Hotels, tourism, and real estate are featured in next week’s virtual event – Cambodia Business Briefing. Organized by C9 Hotelworks and Delivering Asia Communications, the session will be on Tuesday 26th October, 3:00 pm Phnom Penh/Bangkok Time | 4:00 pm Singapore/Hong Kong. Cambodia remains one of Asia’s top-up and coming marketplaces. Pre-pandemic, its pace of […]
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PHIST 2021 – Sustainable Asia RE-defined Coming 28 October

Category: Hotels, Posted:11 Oct 2021 | 09:11 am The fourth annual Asian-based sustainability-focused learning event PHIST 2021 will take place in a dynamic virtual setting on 28th October. Organized in Phuket, Thailand with speakers from across the region. PHIST (Phuket Hotels for Islands Sustaining Tourism) has established itself as a leading forum in Asia for sustainable tourism, environmental education for hotels as well […]
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Lonely Planet. Ultimate Vacation Homes. More Phuket Meds

Category: Tourism, Posted:07 Oct 2021 | 21:02 pm It’s Friday and we have a trio of video insights for you. Listen to an intriguing talk with Joe Cummings who is behind the first Lonely Planet Thailand guidebooks. Hear seven short real estate talks on the latest trends. And then, how is Thanyapura looking to expand their medical footprint across Phuket. Right here. Right […]