The 370 Outrage by Delma Marine is the world's largest Boston Whaler. Courtesy Dubai International Boat Show
The 370 Outrage by Delma Marine is the world's largest Boston Whaler. Courtesy Dubai International Boat Show
The 370 Outrage by Delma Marine is the world's largest Boston Whaler. Courtesy Dubai International Boat Show
The 370 Outrage by Delma Marine is the world's largest Boston Whaler. Courtesy Dubai International Boat Show

Dubai International Boat Show 2019: 4 vessels to watch out for


Panna Munyal
  • English
  • Arabic

From tomorrow, Dubai Canal will be home to hundreds of schooners, skiffs and yachts, as well as marine equipment and experts, as part of the five-day Dubai International Boat Show.

If you’re looking to buy your first boat or add to your fleet, keep in mind that owning a boat is an exciting yet expensive proposition. According to Val Streif, spokesperson of boat rental platform GetMyBoat, the average boat is used only eight per cent of the time over a year.

“This statistic was a driving force in the founding of GetMyBoat, which functions like an Airbnb of boats as it were,” Streif says. “The buying process is different for everyone; it depends on what your boating desires and budget are. Some people want a small vessel for cruising with their friends and families, others look for larger craft to live on for parts of the year or full-time.

“At the Dubai boat show, we’re aiming to help buyers who want to earn on this investment, as well as boating enthusiasts who don’t want to commit to owning,” she adds.   

Top advice for buyers

If you do want to buy or rent a vessel long-term, Streif highlights what to look out for, as well as the advantages and drawbacks of owning and living on a boat.  

Make sure you have adequate time in your schedule to actually get out and enjoy your purchase. The ­greatest joy of being on water is getting to see a city from a new perspective. There’s nothing more relaxing than soaking up the sun on a boat deck, feeling the gentle movements of the waves, and having a whole day disconnected from the stresses of being on land. 

Having said that, given the strong sunlight in the UAE, always wear sunscreen, stop for swims to cool down, and make sure you bring plenty of water on board. If you’re investing in a bigger yacht with indoor cabin space, ensure it has air-conditioning, which is helpful during the summers – and never forget your sunglasses.  

To earn a return on your investment, rent your boat out through platforms such as GetMyBoat. Motor yachts are a popular choice among business travellers and luxury seekers in the UAE, who want to cruise and stop for swims or host parties on board. 

If you’re going to live on the boat, before you move in to your water home, prepare yourself for life in smaller quarters – be ready to sell, donate and let go of a lot of material possessions, as having lots of stuff on board just isn’t practical. Also educate yourself on planning your travels – finding marinas to dock at, paying all taxes, and making sure you’re doing things by the book is essential. 

Some benefits of living on a boat include the freedom to travel a lot more and avoiding high rent prices. It’s a great alternative to many expenses that homeowners may encounter.

However, there are still a lot of costs, including fuel, marina fees, taxes and repairs, which you should aim to counter by renting out your boat when you’re not using it.  

The drawback is that a boat is a riskier investment than a house in the sense that the resale usually comes at a loss. So don’t plan on making a big chunk of money once you sell your boat, even if you’ve invested a lot in remodelling. Having an emergency fund for repairs, licenses, utilities and other unexpected costs will help the whole experience feel like smooth sailing instead of a stressful adventure. 

Four vessels to watch out for

‘Foiler’ by Enata, for its sheer novelty value  

The world's first flying yacht by UAE company Enata claims to make sea sickness a thing of the past. Using four retractable foils, the Foiler lifts itself out of the water to give passengers a sensation of flight as it skims along the water using 740-horsepower hydrostatic propulsion. After launching its prototype last year, the yacht's pre-production model will be demonstrated at Dubai International Boat Show this year.

Foiler is the world’s first flying yacht by UAE company Enata. Courtesy Dubai International Boat Show
Foiler is the world’s first flying yacht by UAE company Enata. Courtesy Dubai International Boat Show

‘Expedition’ by Iguana Yachts, for gadget geeks  

The amphibious Expedition craft transitions seamlessly from land to sea, and is built with carbon fibre, marine-grade aluminium and stainless steel. The 30-foot vessel is backed by 400hp, with a robust powertrain allowing it to cruise easily on land. Gadget geeks will also love the boat's shock-absorbing seats, a console that folds away in two seconds, a GPS chartplotter combo and Bluetooth wireless streaming.  

The amphibious Expedition by Iguana transitions from land to sea. Courtesy Dubai International Boat Show
The amphibious Expedition by Iguana transitions from land to sea. Courtesy Dubai International Boat Show

‘370 Outrage’ by Delma Marine, for fishing expeditions  

If fishing is your favourite pastime, consider the 370 Outrage, which is the largest Boston Whaler ever made. Its spacious layout is perfect for fighting your catch even as your guests fire up the barbecue. The standard leaning post is equipped with a large livewell, tackle storage, refrigerator and freezer, and ­freshwater sink and grill. Or replace the livewell with an optional summer kitchen, which provides an additional refrigerator and electric stove top.

The 370 Outrage by Delma Marine is the world's largest Boston Whaler. Courtesy Dubai International Boat Show
The 370 Outrage by Delma Marine is the world's largest Boston Whaler. Courtesy Dubai International Boat Show

‘Sirena 64’ by Sirena Yachts, for lovers of luxury  

The 64 is the first launch from ­the Sirena Yachts stable of expedition vessels, which typifies a ship solely used for the purpose of pleasure travelling and family world cruising. The spacious three-configuration layout features floor-to-ceiling glass windows, and the 68-footer is 20 per cent more efficient in terms of fuel and water capacity compared to ­similar-sized craft. Best of all, the roomy and luxurious interior is by famed luxury yacht Italian architect Tommaso Spadolini, who has designed the interiors for Roberto ­Cavalli's RC and Freedom cruise ships.

Sirena 64 boasts interiors by Tomasso Spadolini. Courtesy Dubai International Boat Show
Sirena 64 boasts interiors by Tomasso Spadolini. Courtesy Dubai International Boat Show

Dubai International Boat Show runs from 3pm to 9.30pm from February 26 until March 2, at Dubai Canal Jumeirah. Visit www.boatshowdubai.com for more information

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The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

Day 1 results:

Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)

Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)

RESULTS

5pm Maiden (PA) Dh70,000 (Dirt) 1,400m

Winner AF Nashrah, Tadhg O’Shea (jockey), Ernst Oertel (trainer)

5.30pm Maiden (PA) Dh70,000 (D) 1,400m

Winner Mutaqadim, Riccardo Iacopini, Ibrahim Al Hadhrami.

6pm Maiden (PA) Dh70,000 (D) 1,600m

Winner Hameem, Jose Santiago, Abdallah Al Hammadi.

6.30pm Maiden (PA) Dh70,000 (D) 1,600m

Winner AF Almomayaz, Sandro Paiva, Ali Rashid Al Raihe.

7pm Handicap (PA) Dh70,000 (D) 1,800m

Winner Dalil Al Carrere, Fernando Jara, Mohamed Daggash.

7.30pm Handicap (TB) Dh70,000 (D) 1,000m

Winner Lahmoom, Royston Ffrench, Salem bin Ghadayer.

8pm Handicap (PA) Dh70,000 (D) 1,000m

Winner Jayide Al Boraq, Bernardo Pinheiro, Khalifa Al Neyadi.

UAE currency: the story behind the money in your pockets
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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

Scores

Rajasthan Royals 160-8 (20 ov)

Kolkata Knight Riders 163-3 (18.5 ov)

RESULTS

Bantamweight

Victor Nunes (BRA) beat Siyovush Gulmamadov (TJK)

(Split decision)

Featherweight

Hussein Salim (IRQ) beat Shakhriyor Juraev (UZB)

(Round 1 submission, armbar)

Catchweight 80kg

Rashed Dawood (UAE) beat Otabek Kadirov (UZB)

(Round-1 submission, rear naked choke)

Lightweight

Ho Taek-oh (KOR) beat Ronald Girones (CUB)

(Round 3 submission, triangle choke)

Lightweight

Arthur Zaynukov (RUS) beat Damien Lapilus (FRA)

(Unanimous points)

Bantamweight

Vinicius de Oliveira (BRA) beat Furkatbek Yokubov (RUS)

(Round 1 TKO)

Featherweight

Movlid Khaybulaev (RUS) v Zaka Fatullazade (AZE)

(Round 1 rear naked choke)

Flyweight

Shannon Ross (TUR) beat Donovon Freelow (USA)

(Unanimous decision)

Lightweight

Dan Collins (GBR) beat Mohammad Yahya (UAE)

(Round 2 submission D’arce choke)

Catchweight 73kg

Martun Mezhulmyan (ARM) beat Islam Mamedov (RUS)

(Round 3 submission, kneebar)

Bantamweight world title

Xavier Alaoui (MAR) beat Jaures Dea (CAM)

(Unanimous points 48-46, 49-45, 49-45)

Flyweight world title

Manon Fiorot (FRA) v Gabriela Campo (ARG)

(Round 1 RSC)

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UAE currency: the story behind the money in your pockets
The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

THE SPECS

Engine: 1.6-litre turbo

Transmission: six-speed automatic

Power: 165hp

Torque: 240Nm

Price: From Dh89,000 (Enjoy), Dh99,900 (Innovation)

On sale: Now

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RESULT

Huddersfield Town 1 Manchester City 2
Huddersfield: Otamendi (45' 1 og), van La Parra (red card 90' 6)
Man City: Agüero (47' pen), Sterling (84')

Man of the match: Christopher Schindler (Huddersfield Town)

The bio

Academics: Phd in strategic management in University of Wales

Number one caps: His best-seller caps are in shades of grey, blue, black and yellow

Reading: Is immersed in books on colours to understand more about the usage of different shades

Sport: Started playing polo two years ago. Helps him relax, plus he enjoys the speed and focus

Cars: Loves exotic cars and currently drives a Bentley Bentayga

Holiday: Favourite travel destinations are London and St Tropez

How much of your income do you need to save?

The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.

In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)

Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.

 

Rankings

ATP: 1. Novak Djokovic (SRB) 10,955 pts; 2. Rafael Nadal (ESP) 8,320; 3. Alexander Zverev (GER) 6,475 ( 1); 5. Juan Martin Del Potro (ARG) 5,060 ( 1); 6. Kevin Anderson (RSA) 4,845 ( 1); 6. Roger Federer (SUI) 4,600 (-3); 7. Kei Nishikori (JPN) 4,110 ( 2); 8. Dominic Thiem (AUT) 3,960; 9. John Isner (USA) 3,155 ( 1); 10. Marin Cilic (CRO) 3,140 (-3)

WTA: 1. Naomi Osaka (JPN) 7,030 pts ( 3); 2. Petra Kvitova (CZE) 6,290 ( 4); 3. Simona Halep (ROM) 5,582 (-2); 4. Sloane Stephens (USA) 5,307 ( 1); 5. Karolina Pliskova (CZE) 5,100 ( 3); 6. Angelique Kerber (GER) 4,965 (-4); 7. Elina Svitolina (UKR) 4,940; 8. Kiki Bertens (NED) 4,430 ( 1); 9. Caroline Wozniacki (DEN) 3,566 (-6); 10. Aryna Sabalenka (BLR) 3,485 ( 1)

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

Nick's journey in numbers

Countries so far: 85

Flights: 149

Steps: 3.78 million

Calories: 220,000

Floors climbed: 2,000

Donations: GPB37,300

Prostate checks: 5

Blisters: 15

Bumps on the head: 2

Dog bites: 1

How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

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Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers