Like many women, I had dreamt of my wedding since childhood. A constantly evolving fantasy, it included palatial settings, Bollywood stars, parades and gowns fit for a maharani or queen.
But the reality, however, was strikingly different. When my now husband and I decided to finally get hitched last year in Dubai, things took a different turn. A family health emergency meant we had just two months to prepare. And since we lived in Dubai, this meant that for many of the 450 guests we wanted on our special day, it would be a destination wedding.
Many people told us it couldn't be done as Indian weddings are complex affairs to arrange, with many ceremonies, venues and outfits involved. We also have challenging work schedules – my husband, Hitesh Sukhnani, has a thriving business in the logistics sector, while I have a corporate job in the PR industry, which is particularly busy during events season in Dubai.
But we stuck to our schedule and fitted in all of the planning, meetings with vendors and shopping trips to India after hours and on weekends, no matter how tired we felt. We also enlisted the help of an amazing wedding planner who had an unfailing can-do attitude.
We have close family and friends around the world from India, US and in Europe and Africa, who would need to make travel arrangements to attend the wedding. So the first obvious step was to share our ‘Save the Date’ invitations. This also helped us estimate a preliminary guest count, which was vital to know to find a perfect venue with a ballroom and outdoor area large enough.
Dubai is widely recognised as a top wedding destination, but securing the ideal venue during the December peak season was challenging at short notice. It needed to have comfortable guest rooms and flexible facilities. For example, we needed fire for the pheras, where the bride and groom walk around a holy fire, as well as an intimate prayer space. And we needed chefs capable of preparing both Indian and international cuisines.
Luckily, just a month before the wedding, we managed to secure the perfect venue. We had barely a moment to enjoy a sense of relief before we needed to tackle a lengthy checklist including briefs and site visits with all vendors, food tastings for all events, and coordinating the necessary permits and licences for the wedding.
While the majority of the vendors declared the time frame impossible for an Indian destination wedding, our wedding planner was adamant it could be done.
Given that our auspicious wedding dates fell on a weekend, we also made sure to secure bookings as soon as possible for our key service providers who are in high demand, from our music performers to decor company.
Special touches and wedding outfits
Even though the time frame was short, my husband and I did not want to compromise on how our special day would look, from getting custom trainers hand-painted by a local artist in Mumbai to chai tasting, every detail needed to be perfect.
I wanted my bridal outfits to be created by renowned Indian designers, who are known for their tight production timelines. Surprisingly, this was one of the easier aspects of the preparations; all my first-choice designers accommodated my needs and remained flexible throughout the process.
Leveraging my mother's deep love and knowledge of fashion, I finalised my looks and selected outfits within just five days. For the events, I wore creations by Manish Malhotra for the sangeet, Shyamal & Bhumika paired with Tyaani Jewellery by Karan Johar for the pheras, and Gaurav Gupta for the reception. On the last day of collecting my outfits in Mumbai, there was unexpected rain. I vividly recall holding all three outfits on my shoulder, navigating through the busy traffic to find a driver, praying that none of the outfits would be ruined.
A lot of my jewellery was selected just 10 days before the wedding, but I knew I was making the right choices as I sourced them from jewellers in Mumbai whom my grandparents have trusted for years.
Were there mishaps and close calls? Absolutely. Amid all the frantic wedding activity, my husband and I completely overlooked our wedding shoes. We hurried to Dubai Mall with only a week to spare and were lucky enough to discover the ideal pairs straight away.
Another scare came when my husband’s trousers were accidentally burnt just two hours before the main ceremony, but luckily our quick-thinking wedding planner got the hotel's tailor to fix it.
However, these moments are trivial, and the clearer memories are the smiles and tears, and the moments filled with laughter and happiness. I think the challenge and success of accomplishing everything we needed to on time actually added to the excitement of our wedding.
It was a lot. But looking back at the photos and videos of the ceremonies now, I wouldn’t have changed a thing.
Anisha Pamnani is a PR consultant based in Dubai
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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Founders: Michele Ferrario, Nino Ulsamer and Freddy Lim
Started: established in 2016 and launched in July 2017
Based: Singapore, with offices in the UAE, Malaysia, Hong Kong, Thailand
Sector: FinTech, wealth management
Initial investment: $500,000 in seed round 1 in 2016; $2.2m in seed round 2 in 2017; $5m in series A round in 2018; $12m in series B round in 2019; $16m in series C round in 2020 and $25m in series D round in 2021
Current staff: more than 160 employees
Stage: series D
Investors: EightRoads Ventures, Square Peg Capital, Sequoia Capital India
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now