Fancy rubbing shoulders with some of the richest and most famous men and women in the world?
Starting at a cool US$45 million (Dh165.2m) per apartment, the 92 flats at One57, a 306-metre tower in mid-Manhattan, are being touted as next year's hottest exclusive address for the global elite.
The $1.5 billion building at 157 West 57th Street, which will soon become the tallest apartment block in New York City, is being built by Extell Development Company, which is owned by the former diamond trader Gary Barnett.
Speculation is raging about the identities of the 40 buyers who have purchased homes in the building so far - including two posh maisonettes under offer for north of $90m apiece.
This week, The New York Times revealed the identities of two of the first residents, the Montreal clothing magnate Lawrence Stroll and his business partner Silas Chou. Celebrities linked to the building include the actor Denzel Washington, the singer Sting and the sports broadcaster Bob Costas.
New York brokers are now targeting the UAE and the wider Arabian Gulf region, confident the building's high profile and luxurious fit-out will attract rich Middle East buyers. (However, suggestions the Qatari prime minister Sheikh Hamad bin Jassim bin Jabr Al Thani had bought one of the penthouses were quickly denied by the developer.)
Horacio LeDon, a former executive at Starwood Capital with his own brokerage in New York, visited the UAE last week to drum up interest in the scheme in Abu Dhabi and Dubai. "Traditionally, Arabic buyers tend to purchase overseas properties in London rather than New York," he said. "However, we are starting to see an increase in the number of Arabic buyers purchasing in Manhattan over the past year.
"This is partly because developers in New York are starting to build the sort of stock which appeals more to high net-worth individuals from overseas, as buildings in the Midtown area are being developed as luxury housing schemes," he said.
[ lbarnard@thenational.ae ]
The specs
Engine: three three 212.7kWh motors
Power: 1,000bhp
Torque: 15,600Nm
Range: 530km
Price: Dh500,000+ est
On sale: early 2023
RedCrow Intelligence Company Profile
Started: 2016
Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors
Mountain Boy
Director: Zainab Shaheen
Starring: Naser Al Messabi
Rating: 3/5
Points to remember
- Debate the issue, don't attack the person
- Build the relationship and dialogue by seeking to find common ground
- Express passion for the issue but be aware of when you're losing control or when there's anger. If there is, pause and take some time out.
- Listen actively without interrupting
- Avoid assumptions, seek understanding, ask questions
More from UAE Human Development Report:
The five pillars of Islam
COMPANY PROFILE
Company name: Co Chocolat
Started: 2017
Founders: Iman and Luchie Suguitan
Based: Dubai, UAE
Industry: Food
Funding: $1 million-plus
Investors: Fahad bin Juma, self-funding, family and friends
Profile of Hala Insurance
Date Started: September 2018
Founders: Walid and Karim Dib
Based: Abu Dhabi
Employees: Nine
Amount raised: $1.2 million
Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers
The specs: McLaren 600LT
Price, base: Dh914,000
Engine: 3.8-litre twin-turbo V8
Transmission: Seven-speed automatic
Power: 600hp @ 7,500rpm
Torque: 620Nm @ 5,500rpm
Fuel economy 12.2.L / 100km
Brief scoreline:
Burnley 3
Barnes 63', 70', Berg Gudmundsson 75'
Southampton 3
Man of the match
Ashley Barnes (Burnley)
I Care A Lot
Directed by: J Blakeson
Starring: Rosamund Pike, Peter Dinklage
3/5 stars
PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450+ employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
SPEC SHEET: NOTHING PHONE (2A)
Display: 6.7-inch flexible Amoled, 2,412 x 1,080, 394ppi, 120Hz, Corning Gorilla Glass 5
Processor: MediaTek Dimensity 7,200 Pro, 4nm, octa-core
Memory: 8/12GB
Capacity: 128/256GB
Platform: Android 14, Nothing OS 2.5
Main camera: Dual 50MP main, f/1.88 + 50MP ultra-wide, f/2.2; OIS, EIS, auto-focus, ultra XDR, night mode
Main camera video: 4K @ 30fps, full-HD @ 60fps; slo-mo full-HD at 120fps
Front camera: 32MP wide, f/2.2
Battery: 5,000mAh; 50% in 30 minutes with 45-watt charger
Connectivity: Wi-Fi, Bluetooth 5.3, NFC (Google Pay)
Biometrics: Fingerprint, face unlock
I/O: USB-C
Durability: IP54, limited protection from water/dust
Cards: Dual-nano SIM
Colours: Black, milk, white
In the box: Nothing Phone (2a), USB-C-to-USB-C cable, pre-applied screen protector, Sim tray ejector tool
Price (UAE): Dh1,199 (8GB/128GB) / Dh1,399 (12GB/256GB)
Women’s Asia Cup
UAE fixtures
Sun Oct 2, v Sri Lanka
Tue Oct 4, v India
Wed Oct 5, v Malaysia
Fri Oct 7, v Thailand
Sun Oct 9, v Pakistan
Tue Oct 11, v Bangladesh
UAE squad
Chaya Mughal (captain), Esha Oza, Kavisha Kumari, Khushi Sharma, Theertha Satish, Lavanya Keny, Priyanjali Jain, Suraksha Kotte, Natasha Cherriath, Indhuja Nandakumar, Rishitha Rajith, Vaishnave Mahesh, Siya Gokhale, Samaira Dharnidharka, Mahika Gaur