When it comes to choices for places to stay, businesspeople in Abu Dhabi are spoiled.
Between 2012 and 2015, about 5,000 new hotel rooms and serviced apartments were added to the market, and almost 5,000 more are due in the next two years, according to JLL. This surge in supply has been matched by demand, with STR Global figures for January showing that occupancy edged up to 75.5 per cent during the month.
Given such strong fundamentals, it is hardly a surprise that a property investment company owned by Sheikh Sultan bin Tahnoon Al Nahyan took a decision to convert an existing community of apartments connected to the city’s Al Seef Mall, and convert it into a community aimed at business travellers and corporate clients looking to house executives on short-term contracts.
Three years ago, this was a regular community of one, two and three-bedroom apartments that were let on standard annual leases. At the time, a one-bed apartment cost Dh85,000 per year (including water and electricity), a typical two-bed was Dh140,000 per year and a three-bed was Dh180,000 per year. Now known as Al Seef Village Resort and Spa by Andalus, the development of 213 homes has come back on the market at Dh175,000 for a one-bed, Dh285,000 for a two-bed and Dh320,000 for a three-bed property.
So what do you get for your money? Well, Richard Haddad, the vice-president of the development’s operating company, Jannah Hotels, believes that this offers much more than regular apartments.
For instance, the increased rates include all utilities, as well as a couple of televisions and Wi-Fi throughout. Units also come fully furnished, linens are also provided and the apartments are cleaned twice a week.
On top of this, the development has been reshaped to give a much stronger sense of community. There is a glass entrance lobby to welcome short-stay guests, and a pedestrian “street experience” has been created with internal boulevards lined by 22 new units including restaurants such as Il Caffe di Roma, Flame & Bake and the Japanese brand Tsunami, laundry services and a pharmacy. Individual buildings each contain a two-bed ground floor apartment, a mid-level three-bed and an upper-level one-bed with generous terrace space.
Guests are ferried through the development by golf cart and there is a central community pool area. Then there is the Karim service – a part-free, part-paid concierge offering a range of services from grocery delivery from the adjoining Al Seef Mall to arranging restaurants, shopping trips, airport pickups and much more.
The redevelopment has been opening on a phased basis, with the first units completed in January, a second phase due to be handed over this month and the final phase opening next month.
Q&A
Jannah Hotels’ Richard Haddad and Drica Rodrigues, head of agency at the lettings agent Chestertons, tell Michael Fahy more about the development:
Who would live in a development like this?
RH: It is for project managers who come for limited time projects, or for people who come on a one-year contract and don't want to go through the hassle of electricity, furnishing, snagging and painting. We're even taking care of the gardening. Sixty-six units will be kept for short-stay guests because they are the prime area round the pool. All of the others will be for long-stay guests. We rent for monthly, three-month, six-month or yearly periods.
What about the surrounding area?
DR: It's unique, because you are right at the edge of the city so you can easily go to Dubai and Abu Dhabi. You also have residential, commercial and retail all in one area. Brighton College and Khalifa Park are also nearby. These are furnished, high-end apartments that you could compare with the likes of Rosewood Abu Dhabi, but this is a much more family-friendly location.
Can you explain more about the Karim service? What is covered and what’s not?
RH: It's like a butler's service. You have a limited number of free services – if you've done your shopping and want someone to pick up your bags, if you want someone to assist with tuning something in the room, if you have a suit that needs to be picked up from Galleria Mall – these are considered to be free. What's not free are services that take time – babysitting, for example. We will book your golf for free, but if you want someone to go along and assist you, you will be charged.
mfahy@thenational.ae
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Yahya Al Ghassani's bio
Date of birth: April 18, 1998
Playing position: Winger
Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
The smuggler
Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Specs
Engine: 3.0L twin-turbo V6
Gearbox: 10-speed automatic
Power: 405hp at 5,500rpm
Torque: 562Nm at 3,000rpm
Fuel economy, combined: 11.2L/100km
Price: From Dh292,845 (Reserve); from Dh320,145 (Presidential)
On sale: Now
RACE CARD
6.30pm Maiden (TB) Dh82.500 (Dirt) 1,400m
7.05pm Handicap (TB) Dh87,500 (D) 1,400m
7.40pm Handicap (TB) Dh92,500 (Turf) 2,410m
8.15pm Handicap (TB) Dh105,000 (D) 1,900m
8.50pm UAE 2000 Guineas Trial (TB) Conditions Dh183,650 (D) 1,600m
9.25pm Dubai Trophy (TB) Conditions Dh183,650 (T) 1,200m
10pm Handicap (TB) Dh102,500 (T) 1,400m
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now