That is what we all seek (if we can afford it), that golden ticket that is out in the open and we are in time to grab it. I get it, it is not easy and you need to have feelers out, but that is at time the setting we face. For example, Disney Golden Oaks has had his new park settings with residences and houses out there for almost a year. This is nothing bad. The places look amazing and when you are approaching retirement, or a life setting where you get to enjoy life at least three months a year (basically before the Trump era) nearly everyone who has the money would grab something like that. They are still taking orders, so there is space. I am not criticizing the setting. Disney has made enormous strides with their Golden Oaks and these places are top notch. The setting that the Four Seasons is there as well, merely adds charisma and flavor to that place. So what gives?
You see, the Emirati News Agency WAM, gives us (at https://www.wam.ae/en/article/15l6shd-aldar-announces-launch-day-sell-out-all-133-homes) a simple setting. They give us ‘Aldar announces launch day sell-out of all 133 homes at Waldorf Astoria Residences’ a setting where we see a launch day sell out? Don’t get me wrong, I cannot afford living there, so I don’t feel sad. I had my eyes set on Sama Yas (which I cannot afford either) but at least it is more affordable than either two. And lets be clear onboard this, as America slides down to a near third world stage, would you want to live in Orlando? Yas Island will be the new Saint Tropez. With its 4 theme parks (soon to be 5) and Warner Brothers being busy to add the world of Harry Potter to their Arsenal, that place will be da bomb (as the expression goes). Ferrari World, The Yas Mall (not as big as the Dubai Mall), but a cracker of a mall. WaterWorld with slides, lazy river and all, SeaWorld which might be the most impressive water zoo you have ever soon and the Warner Brothers Theme park, soon to include these rascals from Hogwarts. And in (an expected) 2027 Disney will grace that place too. So what is there to hesitate over? Well the 133 new owners of their Waldorf Astoria Residences had that same idea and on launch day it all sold out. The first ever branded residential development on Yas Island generating AED 850 million in sales. That almost a billion amounts to $232 million, which amounts to a little under $2 million per unit, there are different sizes, so the small ones are cheaper, the big ones larger and Golden Oaks gave us the setting that they started at 5 million. So it is a win in several ways. And it gets better if you get the Yas Annual Diamond pass, which gives you unlimited Quick Pass Access at all Yas Theme Parks and offers unmatched benefits, such as 25% off dining, shopping, and more. Plus, you’ll receive early park entry, special events, and exclusive member-only experiences. And the price (at present) is $900 a year, with all these benefits you would be crazy not to get it, especially as it gives 25% on loads of stuff, even in the Yass Mall. For an entire year? That pass will earn itself back in less than a month. As such, I reckon that the price goes up when Disney is added to the flavour. And as there are free busses all over Yas Island, the need for a car becomes debatable.
So in that world where does Orlando stand? Nowhere as I see it and Abu Dhabi has a lot more to offer. As I personally see it theme parks in America are soon done and when the economy collapses (which is likely to be this year) there will not be any reason to go to America. So when you consider these news clippings that America is crawling up from the mud, consider that the Economic times gave us 4 hours ago ‘Adrian Mowat on why non-US assets are becoming more appealing than US equities & bonds’ you’re seeing merely a first and as the pressures on Yas Island to expand is clearly seen in many ways, we will need to consider that America is close to done for. 17 hours ago we were given ‘Half of the bond market is US Treasuries. Why it’s ‘not healthy.’’ Remember that I talked about the dangers of Japan or China dumping the bonds they have and the other one following suit as not too be left with (what I personally speculative see) as toilet paper. Well this is a first sign. The entire Waldorf Astoria setting was out in the open and it is gone on launch day. Orlando never pulled that off, not even when they were the luxury height of the residence markets. As such the oligarchs, the billionaires and others will soon get their own place there and perhaps several already have their place. In addition, the UAE is a zero tax nation, well not exactly, but you do not pay income tax, so the money you get is the money you get to spend and with a Diamond card it gets to be even cheaper. Don’t think you are stuck there. The high speed train ride takes you to either place in 30 minutes, so breakfast in Dubai and Dinner in Abu Dhabi (or the other way round) becomes a reality, although I was unable to find prices, but a normal train going at half the speed is also an option, as such you would be in a train for an hour.
As I see it the UAE is not merely making waves, they are an economic tsunami about to unleash their good times and as I see it America (Europe too) will face the economic onslaught it makes on both of them and as I see it, with the F1 also on Yas island, the setting gets to me almost embarrassing for America. And feel free to look at the Abu Dhabi videos on YouTube done by hundreds of visitors. A city that is clean, safe and spacious. What more do you need? The article ends with “Commenting on the sales performance, Jonathan Emery, Chief Executive Officer at Aldar Development said: “The sell-out of Waldorf Astoria Residences Yas marks a significant milestone for Aldar and highlights the attractiveness of Yas Island both as an investment destination and prime residential address. As the island’s first branded residential offering, its overwhelming success is a strong indicator of the rising demand for luxury, hospitality-led living in Abu Dhabi and the universal appeal of the Waldorf Astoria brand.”” As such I wonder what will come next, because the intake of wealthy residents is merely at a start this implies that Abu Dhabi is looking at 3-5 new settings and as the Satellite photos show, between Zayed International Airport and Yas Island are several large ‘plots’ that might be the setting of more. The influx of wealth and economic good times are setting a new era for the United Arab Emirates and Abu Dhabi. Did anyone consider that when billionaires see new grounds, they tend to go from other places? Where does that leave America? You see, you can spin all you like, but when the wealth walks away they might be left with merely a dozen wealthy people and President Trump is not that rich, so when Elon Musk leaves, the expression about rats leaving the sinking ship comes to mind. Oh, by the way, I am not calling Elon Much a rat, or implying that he is leaving. But I think the setting comes across to all my readers (and its not my mum, cause she is dead).
A larger setting is coming to the shores of America and I have stated that as warnings for over the last 2 years at least, so whilst we now get “‘‘Death spiral’ nears as US debt service costs reach ‘unsustainable’ levels’” (source: Sky News) consider that I stated this danger es early as October 4th 2021 in ‘Utter insanity’ referring back to an article I wrote in 2013, it has been this long that the media could have informed you. Did they? Oh and the fact that October 4th is also World Animal Day is merely icing on the cake. I like my irony with a sweet tooth. I am a victim of circumstance. Still, the setting was clear years ago, you merely needed to learn to use an abacus, something that has been around for over 3000 years, no super computer needed.
So have a great day and enjoy your morning coffee in Toronto this morning (it is 06:00 there).
Lawrence van Rijn - Law Lord to be 