Group President - Mr. Wu Min and his delegation visited STAMN in Dubai for guidance

From November 7th to 9th, 2024, President Wu of New Bay Group and his delegation went to Dubai and Abu Dhabi in the United Arab Emirates for on-site inspections to understand overseas projects, gain in-depth knowledge of the progress of overseas companies' investment and development projects in Dubai, and their intended development sites. During the inspection, they exchanged ideas with the President of the Jiangxi Chamber of Commerce in the United Arab Emirates and the General Manager of Chinese developers to explore the development trends and investment prospects of Abu Dhabi and Dubai cities, as well as opportunities for future cooperation.

This itinerary covers all of the company's overseas investment projects and intended projects, and focuses on the future urban development and real estate trends of Abu Dhabi and Dubai. In depth exchanges and discussions were held with the core management team of overseas companies, and the company's current investment and development projects were highly recognized.

▲ Visit the new office and reception center

①November 7th

Understand Dubai's investment and development of real estate and catering projects

▲ Investigating the land plots for STAMN's investment and development

Mr. Wu, the CEO of the group, first visited the STAMN Development Company project. Mr. Zheng, the CEO of STAMN, provided a detailed introduction to the company's two plots located in Jumeirah Garden City and the Dubai Islands project plot, including regional status, property transactions and prices, as well as regional development trends. The Jumeirah Garden City project is located in the city center opposite the financial center, with a strong atmosphere for commercial offices, shopping, and living. The Dubai Islands are one of the key areas for future urban development with superior sea view resources. The two areas represent Dubai's high-quality boutique living area and high-end leisure and entertainment living area, respectively, with great development potential and market prospects.

The group's President Wu and his team had a detailed discussion with the core management team led by Mr. Zheng of STAMN company on the planning, design, and future construction progress of the project, and discussed the future development direction; I am very optimistic about the investment and development of the region, and I have conveyed that we must seize the current development opportunities and accelerate the fission of new projects.

Group President Wu and his delegation inspected Xingyue Catering

On November 7th, after inspecting the development project, the group's President Wu and his delegation visited the Downtown Dubai Star Moon Haoyu Hot Pot Downtown restaurant to have a detailed understanding of the restaurant's decoration and preparation for opening; During the communication with the project team, President Wu inquired in detail about the various tasks related to decoration and future opening preparations, and highly praised the progress of the project. The successful implementation of this catering project provides important experience and reference for New Bay Group's commercial layout in Dubai, especially in optimizing brand image and enhancing customer experience in the international market environment, which has gained many inspirations.

▲ Visit Xingyue Haoyu Hot Pot Downtown Store

②November 8th

Understand the intended land plot/Exchange with the President of Jiangxi Chamber of Commerce

On November 8th, STAMN CEO Zheng accompanied Group President Wu and his delegation to Abu Dhabi to conduct on-site inspections of the intended land on Reem Island, one of the popular islands for development in Abu Dhabi. They conducted a detailed analysis of the current situation and environment around the intended land. As the central island of Abu Dhabi, Reem Island is a comprehensive island that integrates commercial, residential, and leisure activities. The island already has well-known commercial malls, schools, hospitals, parks, and other living facilities. From the current development trend analysis, the region has very high investment and development potential.

During the inspection process, President Wu paid special attention to the transaction volume and price of regional real estate, especially the investment return and rental rate of external leasing in the region. As a city with a large proportion of migrant population, regional real estate leasing directly affects investment and property income. Understanding the rental and sales situation of regional real estate, and seeing the maturity of Abu Dhabi's urban infrastructure, supporting facilities, and other life related infrastructure construction, President Wu stated that Abu Dhabi's infrastructure, policy environment, and future urban development plans all give New Bay Group confidence in the investment prospects here. At the same time, Abu Dhabi, as an important political, cultural, and economic center of the United Arab Emirates, has unique geographical and policy advantages, and is an important part of the New Bay Group's layout and accelerated fission of the UAE.

On November 8th, President Wu of the Group and his delegation had in-depth exchanges with the President of the Jiangxi Chamber of Commerce in the United Arab Emirates, discussing topics such as urban development, investment opportunities, industry trends, and the Dubai Island project in the UAE. President Wu stated that while steadily advancing its layout in the UAE market, New Bay Group will continue to strengthen cooperation with local chambers of commerce and enterprises to achieve mutual benefit, win-win results, and common development. During the inspection process, President Wu emphasized that in the future, New Bay Group will continue to regard Abu Dhabi and Dubai in the United Arab Emirates as important strategic cities for the group's overseas development, and promote more possibilities for cooperation.

③November 9th

Communicate with Chinese developer Nova Power 

On November 9th, STAMN CEO Zheng accompanied the group's President Wu and his delegation to have in-depth exchanges with Nova Power, a Chinese developer in Dubai Island, and its core management team. Nova Power, as a Chinese company that first entered the Dubai Island development project, has a priority in understanding the real estate market and development process of Dubai Island. Its development experience provides valuable reference for STAMN. Both parties had detailed discussions on the current situation and overall development plan, infrastructure construction, real estate market trends, project planning, and other issues of Dubai Island. This exchange provides new opportunities and ideas for the future market expansion of New Bay Group in Dubai.

After this exchange, the company will further understand the Dubai real estate development area and projects with scarce sea view resources, providing new perspectives and opportunities for future strategic layout in the region; Not only has it deepened the interaction between the company and Nova Power, but it has also provided more possibilities for future joint development and regional expansion.

Looking to the future: Deepening cooperation and accelerating the development of the UAE market

Through this inspection and exchange, New Bay Group further understood the market dynamics and development opportunities in Dubai and Abu Dhabi, and deepened its cooperation with local developers and chambers of commerce. In the future, New Bay Group will promote its development in the UAE with a more open attitude, especially in the fields of high-quality apartments, villas, etc., striving to become an influential Chinese development company in the city. At the same time, the group will continue to strengthen localized operations, gain a deeper understanding of the changing demands of different markets, and provide products and services that better meet customer expectations.