• The tower is 50-storeys high. All photos: Damac
    The tower is 50-storeys high. All photos: Damac
  • Damac Tower Nine Elms comes with fine views across London.
    Damac Tower Nine Elms comes with fine views across London.
  • The project has Versace interiors.
    The project has Versace interiors.
  • The property will have studios and one, two and three-bedroom apartments.
    The property will have studios and one, two and three-bedroom apartments.
  • A rendering of the Nine Elms project.
    A rendering of the Nine Elms project.
  • Floor-to-ceiling windows take advantage of the expansive London views at Damac’s Aykon Nine Elms development.
    Floor-to-ceiling windows take advantage of the expansive London views at Damac’s Aykon Nine Elms development.
  • A rendering of an indoor pool in Damac's Aykon Nine Elms development in London.
    A rendering of an indoor pool in Damac's Aykon Nine Elms development in London.
  • Aykon Nine Elms was designed by architects Kohn Pedersen Fox Associates.
    Aykon Nine Elms was designed by architects Kohn Pedersen Fox Associates.
  • The resident’s lounge at Aykon Nine Elms offers 360-degree views of London.
    The resident’s lounge at Aykon Nine Elms offers 360-degree views of London.
  • Aykon Nine Elms was designed by architects Kohn Pedersen Fox Associates.
    Aykon Nine Elms was designed by architects Kohn Pedersen Fox Associates.
  • A rendering of an indoor pool in Damac's Aykon Nine Elms development in London.
    A rendering of an indoor pool in Damac's Aykon Nine Elms development in London.

Damac Towers Nine Elms in London: Dubai developer completes first European project


Ian Oxborrow
  • English
  • Arabic

Dubai developer Damac Properties has started handing over units at its Damac Towers Nine Elms (DTNE) project in London, marking the completion of its first development in Europe.

The 50-storey development of 450 units including studio and one, two and three-bedroom apartments near the centre of London is a tie-up with Italian fashion house Versace, which has provided the interiors.

As well as 8,010 sq ft of communal gardens, it also has four levels of office space in its South Tower.

“We are delighted to have completed our first project in Europe,” said Niall McLoughlin, senior vice president at Damac. "DTNE is very special to us and we are beyond pleased with the end result."

Average house prices in the UK increased by 12.4 per cent over the year to April, the Office for National Statistics said last week.

The average UK house price was £281,000 ($344,919) in April, which is £31,000 higher than in April 2021.

Damac previously said that Britons, Chinese and Gulf buyers made up the core of the UK customer base for the DTNE development. Homes were on the market from slightly more than £900,000 to £14 million.

“It's an exciting time for Damac and we are rapidly expanding our global footprint by looking at JV [joint venture] opportunities across the world," Mr McLoughlin said.

As well as Versace, Damac has collaborated with various other global brands such as Cavalli, de Grisogono, Paramount, Rotana, Radisson and The Trump Organisation.

The developer last month won a $120m bid to acquire land in the upmarket Miami district of Surfside, where it plans to build a luxury Cavalli-branded condominium project. It will be Damac's first project in the US.

Damac is also developing a luxury resort in the Maldives to be operated by global hotel brand Mandarin International.

In April, it announced it will accept certain cryptocurrencies for property transactions as part of efforts to offer more flexibility to investors, while Damac Group, parent company of Damac Properties, said it plans to invest $100m to build “digital cities” in the metaverse.

Damac's Lagoons project in Dubai - in pictures

  • The Damac Lagoons project in Dubai. All photos: Damac Properties
    The Damac Lagoons project in Dubai. All photos: Damac Properties
  • Damac Lagoons is adjacent to the Damac Hills community.
    Damac Lagoons is adjacent to the Damac Hills community.
  • It will feature eight different clusters.
    It will feature eight different clusters.
  • The eight clusters are inspired by countries based on the warm waters of the Mediterranean Sea.
    The eight clusters are inspired by countries based on the warm waters of the Mediterranean Sea.
  • The community is built around one million square feet of lagoons with white sandy beaches.
    The community is built around one million square feet of lagoons with white sandy beaches.
  • The community was announced late last year.
    The community was announced late last year.
  • The clusters include Venice, Morocco, Santorini, Costa Brava, Nice, Malta, Andalucia and Portofino
    The clusters include Venice, Morocco, Santorini, Costa Brava, Nice, Malta, Andalucia and Portofino
  • The Costa Brava cluster will feature ziplining, rock climbing, kayaking, paddle surfing and wave riding features.
    The Costa Brava cluster will feature ziplining, rock climbing, kayaking, paddle surfing and wave riding features.
  • The project is scheduled to open in 2024.
    The project is scheduled to open in 2024.
  • There will be plenty of entertainment for children.
    There will be plenty of entertainment for children.
COMPANY%20PROFILE
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'Gold'

Director:Anthony Hayes

Stars:Zaf Efron, Anthony Hayes

Rating:3/5

How Sputnik V works
The%20specs
%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.0-litre%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E666hp%20at%206%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E850Nm%20at%202%2C300-4%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EQ1%202023%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh1.15%20million%20(estimate)%3C%2Fp%3E%0A
The specs: 2018 Alfa Romeo Stelvio

Price, base: Dh198,300
Engine: 2.0L in-line four-cylinder
Transmission: Eight-speed automatic
Power: 280hp @ 5,250rpm
Torque: 400Nm @ 2,250rpm
Fuel economy, combined: 7L / 100km

Common OCD symptoms and how they manifest

Checking: the obsession or thoughts focus on some harm coming from things not being as they should, which usually centre around the theme of safety. For example, the obsession is “the building will burn down”, therefore the compulsion is checking that the oven is switched off.

Contamination: the obsession is focused on the presence of germs, dirt or harmful bacteria and how this will impact the person and/or their loved ones. For example, the obsession is “the floor is dirty; me and my family will get sick and die”, the compulsion is repetitive cleaning.

Orderliness: the obsession is a fear of sitting with uncomfortable feelings, or to prevent harm coming to oneself or others. Objectively there appears to be no logical link between the obsession and compulsion. For example,” I won’t feel right if the jars aren’t lined up” or “harm will come to my family if I don’t line up all the jars”, so the compulsion is therefore lining up the jars.

Intrusive thoughts: the intrusive thought is usually highly distressing and repetitive. Common examples may include thoughts of perpetrating violence towards others, harming others, or questions over one’s character or deeds, usually in conflict with the person’s true values. An example would be: “I think I might hurt my family”, which in turn leads to the compulsion of avoiding social gatherings.

Hoarding: the intrusive thought is the overvaluing of objects or possessions, while the compulsion is stashing or hoarding these items and refusing to let them go. For example, “this newspaper may come in useful one day”, therefore, the compulsion is hoarding newspapers instead of discarding them the next day.

Source: Dr Robert Chandler, clinical psychologist at Lighthouse Arabia

Manchester United's summer dealings

In

Victor Lindelof (Benfica) £30.7 million

Romelu Lukaku (Everton)  £75 million

Nemanja Matic (Chelsea)  £40 million

 

Out

Zlatan Ibrahimovic Released

Wayne Rooney (Everton) Free transfer

Adnan Januzaj (Real Sociedad) £9.8 million

 

 

UAE currency: the story behind the money in your pockets

 

 

In Full Flight: A Story of Africa and Atonement
John Heminway, Knopff

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Haltia.ai%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Arto%20Bendiken%20and%20Talal%20Thabet%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20AI%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2041%0D%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20About%20%241.7%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self%2C%20family%20and%20friends%26nbsp%3B%3C%2Fp%3E%0A
AT%20A%20GLANCE
%3Cp%3E%3Cstrong%3EWindfall%3C%2Fstrong%3E%3Cbr%3EAn%20%E2%80%9Cenergy%20profits%20levy%E2%80%9D%20to%20raise%20about%20%C2%A35%20billion%20in%20a%20year.%20The%20temporary%20one-off%20tax%20will%20hit%20oil%20and%20gas%20firms%20by%2025%20per%20cent%20on%20extraordinary%20profits.%20An%2080%20per%20cent%20investment%20allowance%20should%20calm%20Conservative%20nerves%20that%20the%20move%20will%20dent%20North%20Sea%20firms%E2%80%99%20investment%20to%20save%20them%2091p%20for%20every%20%C2%A31%20they%20spend.%3Cbr%3E%3Cstrong%3EA%20universal%20grant%3C%2Fstrong%3E%3Cbr%3EEnergy%20bills%20discount%2C%20which%20was%20effectively%20a%20%C2%A3200%20loan%2C%20has%20doubled%20to%20a%20%C2%A3400%20discount%20on%20bills%20for%20all%20households%20from%20October%20that%20will%20not%20need%20to%20be%20paid%20back.%3Cbr%3E%3Cstrong%3ETargeted%20measures%3C%2Fstrong%3E%3Cbr%3EMore%20than%20eight%20million%20of%20the%20lowest%20income%20households%20will%20receive%20a%20%C2%A3650%20one-off%20payment.%20It%20will%20apply%20to%20households%20on%20Universal%20Credit%2C%20Tax%20Credits%2C%20Pension%20Credit%20and%20legacy%20benefits.%3Cbr%3ESeparate%20one-off%20payments%20of%20%C2%A3300%20will%20go%20to%20pensioners%20and%20%C2%A3150%20for%20those%20receiving%20disability%20benefits.%3C%2Fp%3E%0A
Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Results:

6.30pm: Al Maktoum Challenge Round-2 (PA) | Group 1 US$75,000 (Dirt) | 2,200 metres

Winner: Goshawke, Fernando Jara (jockey), Ali Rashid Al Raihe (trainer)

7.05pm: UAE 1000 Guineas (TB) | Listed $250,000 (D) | 1,600m

Winner: Silva, Oisin Murphy, Pia Brendt

7.40pm: Meydan Classic Trial (TB) | Conditions $100,000 (Turf) | 1,400m

Winner: Golden Jaguar, Connor Beasley, Ahmad bin Harmash

8.15pm: Al Shindagha Sprint (TB) | Group 3 $200,000 (D) | 1,200m

Winner: Drafted, Pat Dobbs, Doug Watson

8.50pm: Handicap (TB) | $175,000 (D) | 1,600m

Winner: Capezzano, Mickael Barzalona, Sandeep Jadhav

9.25pm: Handicap (TB) | $175,000 (T) | 2,000m

Winner: Oasis Charm, William Buick, Charlie Appleby

10pm: Handicap (TB) | $135,000 (T) | 1,600m

Winner: Escalator, Christopher Hayes, Charlie Fellowes

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

About Okadoc

Date started: Okadoc, 2018

Founder/CEO: Fodhil Benturquia

Based: Dubai, UAE

Sector: Healthcare

Size: (employees/revenue) 40 staff; undisclosed revenues recording “double-digit” monthly growth

Funding stage: Series B fundraising round to conclude in February

Investors: Undisclosed

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

HAJJAN
%3Cp%3EDirector%3A%20Abu%20Bakr%20Shawky%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cbr%3EStarring%3A%20Omar%20Alatawi%2C%20Tulin%20Essam%2C%20Ibrahim%20Al-Hasawi%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Updated: June 30, 2022, 10:44 AM