Close Menu
American FocusAmerican Focus
  • Home
  • Binance
  • Bitcoin
  • Business
  • CoinDesk
  • Crypto
  • ESG
  • Finance
  • Market
  • Stocks
  • Trading

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

US narrows trade focus to secure deals before Donald Trump’s tariff deadline

July 1, 2025

Binance ties to Kenyan crypto board raise monopoly concerns: Report — TradingView News

June 29, 2025

Crypto-crazy investors make South Korea the best-performing market in Asia

June 29, 2025
Facebook X (Twitter) Instagram
  • Home
  • About Us
  • Advertise with Us
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
American FocusAmerican Focus
  • Home
  • Binance
  • Bitcoin
  • Business
  • CoinDesk
  • Crypto
  • ESG
  • Finance
  • Market
  • Stocks
  • Trading
American FocusAmerican Focus
Home»Business»Singapore real estate barons plan family office in Abu Dhabi

Singapore real estate barons plan family office in Abu Dhabi

JournalistBy JournalistDecember 10, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Share
Facebook Twitter LinkedIn Pinterest Email


RAJ Kumar and Kishin RK, the father and son duo behind one of Singapore’s biggest property portfolios, are setting up a family office in Abu Dhabi, joining a growing list of rich people helping to cement the Middle East’s status as a haven for the super wealthy.

The entity will be called RB Family Office and will be located in Abu Dhabi Global Market, a free zone located on Al Maryah Island in the United Arab Emirates’s capital, Kishin said.

“We chose Abu Dhabi because it’s strategically located and has an internationally recognised legal framework,” Kishin said. “A family office in Abu Dhabi is a way to establish our presence and allows us to expand our investments in the UAE and the Middle East.”

RB Family Office will be a first for the family, whose net worth has been estimated at around US$3.2 billion. Kishin declined to say how much money the family office will manage. He said the entity is in the process of hiring a team and the office will focus primarily on real estate investments in the retail, commercial and hospitality sectors.

Abu Dhabi has emerged as a go-to hub for the world’s wealthy in recent years, attracting names such as hedge fund billionaire Ray Dalio and Leon Black, the co-founder of Apollo Global Management, both of which have set up family office branches in the emirate. Egyptian billionaire Nassef Sawiris has also said he plans to move his family’s investment firm to Abu Dhabi Global Market while Russian steel magnate Vladimir Lisin and India’s Adani family have offices registered there.

Part of the attraction, outside of better access to the Middle East’s already deep pool of money, is the comparative lack of red tape. Family offices in Abu Dhabi can be owned by a single family member (versus a minimum of two in Dubai) and established with registration fees as low as US$500. Singapore, by contrast, requires minimum investment amounts and greater disclosures as it steps up scrutiny of family offices following a huge money laundering scandal.

Kumar and Kishin’s move shows “the increasing global confidence in Abu Dhabi’s position as a leading financial hub”, Arvind Ramamurthy, Abu Dhabi Global Market’s chief market development officer, said.

Kishin runs RB Capital, a privately held real estate group that together with his father’s Royal Holdings, oversees an estimated US$10 billion property portfolio that spans office towers, malls and hotels across Singapore. Marquee assets include The InterContinental Singapore Robertson Quay and Cuppage Terrace Orchard Road, a heritage dining and co-working precinct near the city-state’s main shopping thoroughfare.

RB Family Office will be “an extension of our portfolio in Singapore”, Kishin said. “We are still deeply rooted and committed to growing our portfolio in Singapore.” BLOOMBERG



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Journalist
  • Website

Related Posts

Charting his own course: How a business degree helps this national sailor prepare for life after sport

June 26, 2025

US durable goods orders soar in May

June 26, 2025

20 Game-Changing AI Tools Every Small Business Leader Needs Now

June 23, 2025
Leave A Reply Cancel Reply

Don't Miss

Charting his own course: How a business degree helps this national sailor prepare for life after sport

Business June 26, 2025

National sailor Ryan Lo is used to setting his sights on the finish line in…

US durable goods orders soar in May

June 26, 2025

20 Game-Changing AI Tools Every Small Business Leader Needs Now

June 23, 2025

Hong Kong stock rally shakes up investor playbook for China

June 22, 2025
Our Picks

Binance ties to Kenyan crypto board raise monopoly concerns: Report — TradingView News

June 29, 2025

You Won’t Believe Who’s Moving Millions in Bitcoin on Binance Right Now — TradingView News

June 28, 2025

New Binance Report: Bitcoin Now Supporting, Not Hedging, the Dollar

June 24, 2025

Sahara Token Rockets 40389% on Binance Listing Announcement

June 23, 2025
About Us
About Us

Welcome to American Focus, your trusted source for the latest news and insights on the world of cryptocurrency, trading, and digital assets. We are passionate about providing accurate, timely, and comprehensive information to help you navigate the dynamic landscape of the crypto market.

At American Focus, we cover everything from the basics of Bitcoin to in-depth analyses of platforms like Binance and CoinDesk

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

US narrows trade focus to secure deals before Donald Trump’s tariff deadline

July 1, 2025

Binance ties to Kenyan crypto board raise monopoly concerns: Report — TradingView News

June 29, 2025

Crypto-crazy investors make South Korea the best-performing market in Asia

June 29, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

© 2025 americanfocus. Designed by americanfocus.
  • Home
  • About Us
  • Advertise with Us
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.