DJ Trey Smith at work at The VIP Room in Dubai. The VIP Room
DJ Trey Smith at work at The VIP Room in Dubai. The VIP Room

Will Smith’s son Trey rocks the dance floor at Dubai Club The VIP Room



The VIP Room was the next stop on the UAE adventures of Will Smith’s family.

Smith himself returned to the glitzy club at Dubai’s JW Marriott Marquis Hotel on Thursday night – a week after rocking it with Wyclef Jean – only this time as a rapt spectator.

The Hollywood actor sat on top of one the plush couches in a cordoned-off area to sample a performance by his eldest son, the 21-year-old Trey, to a packed dance floor.

Joining Trey, also known as DJ AcE, in the booth was his younger brother Jaden Smith.

At 15, Jaden may hold the record for being the youngest performer in any UAE club venue. He took his role of hype-man seriously, demanding the audience to “move, dance and party with us”.

In some cases he took on the role of rapper and tried to stitch a few rhymes together over Trey’s blaring dance beats. It was a hard task; the only audible couplet worth mentioning was: “I love you, you love me / Come on Dubai, let’s party!”

It didn’t matter to the crowd, though, some of whom must have got home with a case of whiplash considering how frequently they kept turning their attention from the little Smiths on stage to their proud dad watching them from the good seats.

There was hope Will would eventually join the kids onstage for a few tracks – similar to the duet he performed with Jaden on The Graham Norton Show last year – alas, he played the role of the attentive dad, his eyes rarely leaving the booth despite fans clamouring for his attention.

As for AcE’s DJing pedigree, the kid definitely has a good command of the dance floor.

The near 90-minute set began with an opening salvo of radio hits including selections by Avicii and Daft Punk, before going to more interesting electro-house moments before rounding it off with a few hard-banging original ­compositions.

Not long after Trey unplugged, the whole Smith crew swiftly exited the club to awaiting cars. After all, their UAE holidays continued with a desert safari the following day.

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”