King of his castle: Andy Dukes owns two properties on the Palm Jumeirah, one of which generates a handsome rental income, while both have considerably appreciated in value since purchase.
King of his castle: Andy Dukes owns two properties on the Palm Jumeirah, one of which generates a handsome rental income, while both have considerably appreciated in value since purchase.
King of his castle: Andy Dukes owns two properties on the Palm Jumeirah, one of which generates a handsome rental income, while both have considerably appreciated in value since purchase.
King of his castle: Andy Dukes owns two properties on the Palm Jumeirah, one of which generates a handsome rental income, while both have considerably appreciated in value since purchase.

All in the Palm of his hand


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Meet Andy Dukes. He owns not one, but two, villas on Dubai's Palm Jumeirah, each with its own private beach. The former owner of a successful e-greeting card business, he was among the first people to move on to the reclaimed island early last year. Yet when the plans for Palm Jumeirah were first revealed by Nakheel in 2001, buying a home there was just a dream for Mr Dukes. Then, a few years later, with the sale of his company and a sackload of cash in the bank, he set about plotting life on the island.

He paid about Dh1.8 million (US$490,000) for a four-bedroom villa on Frond E, which has since become affectionately known as "the party frond". The villa is now worth at least Dh18m. A year after living on Palm Jumeirah, Mr Dukes bought another villa, this time on Frond P (dubbed the second-best party frond). He now rakes in up to Dh53,000 a week from renting the first villa to holiday makers, while living in the second.

Having grown up in a small town on the UK's East Yorkshire coast, Mr Dukes says his close affinity to the sea drew him to life on the Palm. "I fell in love with it when I first saw it - the views, the quality, everything," he says. Mr Dukes's days are now spent swimming, kayaking, entertaining guests and dealing with inquiries from fashion directors and the like keen to use his bright, airy and luxurious - an overused tag for new homes in Dubai, but applicable in this case - homes for photo shoots.

Palm Jumeirah is now home to about 4,000 people, living in the Shoreline Apartments or in villas along the slightly more exclusive fronds (Frond K is known as the "VIP frond", and is where the English footballer David Beckham bought a home). When fully complete in 2010, the seven million square metre island will have about 60,000 residents, with an additional 50,000 workers in 32 hotels and dozens of shops and attractions.

It will also be home to the ocean liner QE2 - described by Nakheel as "one of the jewels in the crown of Palm Jumeirah's world class offerings" and slated for transformation into a floating hotel - and the perfect complement to the recently opened Atlantis Hotel, the impending Cirque du Soleil and Trump International Hotel Tower. While some of these attractions continue to be built, island life does not appear to be tainted much by cranes dotting the skyline or cement mixer lorries clogging traffic.

Nor does the lack of one basic, albeit important amenity - a supermarket - seem to obstruct daily life. For frond villa owners, who are predominantly expatriates, there's a simple solution to fetching a pint of milk: send the maid, while those living in the Shoreline Apartments have a mini-market. Ironically, as Mr Dukes makes coffee at his home, he runs out of milk. But with no maid around and not much desire to make the 20-minute round trip to the mini-market, we take it black.

"The reality for people living in the villas is that you have someone to do the grocery shopping for you, that is part of the lifestyle," he says. There are plans for a bigger supermarket on the island, as well as a host of bars and restaurants that will form part of a new marina. "I moved here for the beach, to have an outdoor life and to live in a nice house with good sized rooms," says Mr Dukes. "And if you imagine in two years' time, this place will be pretty spectacular."

Close to the entrance of Palm Jumeirah are the Shoreline Apartments, where residents have shared access to a beach and pool. There's also a gym, children's play areas, a coffee shop and pharmacist. For Victoria Sova, an interpreter from Kazakhstan who rented a holiday home there for a week, her biggest dream is to one day own a home on Palm Jumeirah. "It's very peaceful and you feel comfortable," she says. "If I was at home on my day off I would just be watching TV, but here I can go to the gym or come to the beach. In my country there are no good gyms or beaches to go and rest."

While the beach at the Shoreline Apartments is meant to be an enclave for those living there, curiosity got the better of one intrepid tourist, who managed to sneak in and catch a glimpse during a visit to Dubai earlier this year. That tourist was Wayne Hemingway, the fashion-turned-housing designer from the UK who has a thing or two to say about what keeps a property development going. Mr Hemingway once famously lambasted the UK property developer Wimpey for creating "bland, soulless homes" in an interview with UK daily newspaper, The Independent.

The furore that surrounded his comments soon led to him being hired by Wimpey to redesign its homes and make its communities more sustainable, and later to the creation of his own housing design firm, Hemingwaydesign. According to Mr Hemingway, the only other development in the world that has caused as much of a stir as Palm Jumeirah is the 0-One, a regeneration of Malmo waterfront in Sweden. But not being one to embark on a road trip for his morning paper and pint of milk, he's not so sure if Palm Jumeirah has what it takes to be a place where people will want to live for a long time to come.

"It seems as if the best parts are 'gated' and reserved for the lucky few," he says. "It is a wonderful piece of civil engineering, but I think the entrance is uninspiring and the building density is too high, which doesn't do justice to the 'island' brand. As you drive in, you can't even see that you are coming on to an island - a place that is supposed to be about access to the sea." Along with small shops, signs to the ocean and public footpaths, Mr Hemingway added that the Palm Jumeirah should have had public beaches built closer to its entrance.

"The potential was there to create a slower paced and less dense oasis within a thrusting city," he says. "Dubai has a lot going for it, but if it's to be a sustainable city where people of differing tastes put down social and economic roots, then it needs to diversify in terms of what it offers as a place to live - and I don't mean offering towers that rotate or reach closer to the stars, I'm talking about environments and neighbourhoods."

Still, while the lack of quaint community living and high maintenance costs rile some, with property values having at least tripled, those having the last laugh are the ones who bought there, according to the chief executive of Nakheel, Chris O'Donnell. Mr O'Donnell is proud of Palm Jumeirah, the first of three palm islands that he describes as "truly earth shattering projects". "They stand out from the crowd," he says. agiuffrida@thenational.ae

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

RESULTS FOR STAGE 4

Stage 4 Dubai to Hatta, 197 km, Road race.

Overall leader Primoz Roglic SLO (Team Jumbo - Visma)

Stage winners: 1. Caleb Ewan AUS (Lotto - Soudal) 2. Matteo Moschetti ITA (Trek - Segafredo) 3. Primoz Roglic SLO (Team Jumbo - Visma)

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SERIES INFO

Schedule:
All matches at the Harare Sports Club
1st ODI, Wed Apr 10
2nd ODI, Fri Apr 12
3rd ODI, Sun Apr 14
4th ODI, Sun Apr 16

UAE squad
Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed

Zimbabwe squad
Peter Moor (captain), Solomon Mire, Brian Chari, Regis Chakabva, Sean Williams, Timycen Maruma, Sikandar Raza, Donald Tiripano, Kyle Jarvis, Tendai Chatara, Chris Mpofu, Craig Ervine, Brandon Mavuta, Ainsley Ndlovu, Tony Munyonga, Elton Chigumbura