Construction work on the 35-storey property on Al Maryah Island started last year after developer Mubadala awarded a Dh730 million contract to design and build the project to Al Futtaim Carillion. Christopher Pike / The National
Construction work on the 35-storey property on Al Maryah Island started last year after developer Mubadala awarded a Dh730 million contract to design and build the project to Al Futtaim Carillion. ChrShow more

Abu Dhabi’s Four Seasons hotel on track to open in two years



The capital can expect to get its first Four Seasons hotel in two years time.

Construction work on the 35-storey property on Al Maryah Island started last year after developer Mubadala awarded a Dh730 million contract to design and build the project to Al Futtaim Carillion.

“It’s about 20 storeys off the ground,” said Simon Casson, the regional vice president and general manager of Four Seasons Resort Dubai, which opened on the emirate’s Jumeirah Beach Road on November 16.

With 190 rooms and 125 apartments, the Abu Dhabi Four Seasons will be the Canadian company’s second property in the UAE.

Next month, Four Seasons will open a hotel in Johannesburg followed by one in Bahrain in the first quarter of next year.

The Toronto-based firm, which has more than 90 properties worldwide, had a turnover of 4.3 billion Canadian dollars last year, according to the Canadian Hotel Association.

Four Seasons has high hopes for its five-star Dubai beachhead.

“Any of the world’s luxury hotel companies, if they were offered such a location, would run fast and say yes please, because it is a pre-eminent location on Jumeirah beach,” Mr Casson said. “It’s not something you can buy [as] land is closely held here.”

The resort, which has an introductory offer of Dh2,532 per night, is targeting travellers from the Arabian Gulf region, Russia, China, Britain and Germany.

Corporate guests are expected to make up about 10 per cent of the total clientele.

Mr Casson said that the hotel was fully booked for this weekend plus several dates ahead of the New Year. The property even has a few bookings for its Dh60,000 a night suites this month.

Four Seasons is a private partnership between Microsoft’s Bill Gates, the Saudi prince Al Waleed bin Talal, and the group’s Canadian founder Isadore Sharp and his family.

Last month, the average daily room rate in the emirate declined 1.6 per cent year on year at Dh1,034.57 across the luxury to economy segments, according to travel company STR Global.

But Mr Casson joined other hoteliers in their upbeat forecast for Dubai’s potential to take in more tourists despite an increase in supply in hotel rooms.

“Dubai has confounded the sceptics, as there are more things to do and see here,” he said.

The emirate has 351 hotels accounting for 70,440 rooms across all categories, according to STR.

It has 86 hotels with 25,029 rooms under construction.

At least one operator has acknowledged the impact of the inventory increase in the emirate.

At Starwood, revenue per available room remained flat during the third quarter in Dubai “as that market has seen quite a bit of new hotel capacity”, said Frits van Paasschen, the chief executive and president of Starwood, while announcing the third- quarter results last month.

The US operator expects to open three luxury hotels – St Regis, Westin and W – at Al Habtoor complex in Business Bay next year.

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EMIRATES'S REVISED A350 DEPLOYMENT SCHEDULE

Edinburgh: November 4 (unchanged)

Bahrain: November 15 (from September 15); second daily service from January 1

Kuwait: November 15 (from September 16)

Mumbai: January 1 (from October 27)

Ahmedabad: January 1 (from October 27)

Colombo: January 2 (from January 1)

Muscat: March 1 (from December 1)

Lyon: March 1 (from December 1)

Bologna: March 1 (from December 1)

Source: Emirates

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

The biog

Simon Nadim has completed 7,000 dives. 

The hardest dive in the UAE is the German U-boat 110m down off the Fujairah coast. 

As a child, he loved the documentaries of Jacques Cousteau

He also led a team that discovered the long-lost portion of the Ines oil tanker. 

If you are interested in diving, he runs the XR Hub Dive Centre in Fujairah

 

Kanye West

Ye — the rapper formerly known as Kanye West — has seen his net worth fall to $400 million in recent weeks. That’s a precipitous drop from Bloomberg’s estimates of $6.8 billion at the end of 2021.
Ye’s wealth plunged after business partners, including Adidas, severed ties with him on the back of anti-Semitic remarks earlier this year.
West’s present net worth derives from cash, his music, real estate and a stake in former wife Kim Kardashian’s shapewear firm, Skims.

COMPANY PROFILE

Company: Growdash
Started: July 2022
Founders: Sean Trevaskis and Enver Sorkun
Based: Dubai, UAE
Industry: Restaurant technology
Funding so far: $750,000
Investors: Flat6Labs, Plus VC, Judah VC, TPN Investments and angel investors, including former Talabat chief executive Abdulhamid Alomar, and entrepreneur Zeid Husban

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government

Bridgerton season three - part one

Directors: Various

Starring: Nicola Coughlan, Luke Newton, Jonathan Bailey

Rating: 3/5

COMPANY PROFILE

Company name: Almouneer
Started: 2017
Founders: Dr Noha Khater and Rania Kadry
Based: Egypt
Number of staff: 120
Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
$3.6 million led by Global Ventures

Ferrari

Director: Michael Mann

Starring: Adam Driver, Penelope Cruz, Shailene Woodley, Patrick Dempsey

Rating: 3/5

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

BUNDESLIGA FIXTURES

Saturday, May 16 (kick-offs UAE time)

Borussia Dortmund v Schalke (4.30pm) 
RB Leipzig v Freiburg (4.30pm) 
Hoffenheim v Hertha Berlin (4.30pm) 
Fortuna Dusseldorf v Paderborn  (4.30pm) 
Augsburg v Wolfsburg (4.30pm) 
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)

Sunday, May 17

Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)

Monday, May 18

Werder Bremen v Bayer Leverkusen (9.30pm)

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

SPEC SHEET

Display: 10.4-inch IPS LCD, 400 nits, toughened glass

CPU: Unisoc T610; Mali G52 GPU

Memory: 4GB

Storage: 64GB, up to 512GB microSD

Camera: 8MP rear, 5MP front

Connectivity: Wi-Fi, Bluetooth 5.0, USB-C, 3.5mm audio

Battery: 8200mAh, up to 10 hours video

Platform: Android 11

Audio: Stereo speakers, 2 mics

Durability: IP52

Biometrics: Face unlock

Price: Dh849

COMPANY PROFILE

Name: N2 Technology

Founded: 2018

Based: Dubai, UAE

Sector: Startups

Size: 14

Funding: $1.7m from HNIs


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