An Ibiza-style beach club, a renowned Mediterranean restaurant and a sprawling lounge with skyline views can all be found at Yas Bay Waterfront.
The new leisure and entertainment hub on Yas Island opened to the public on Wednesday and The National paid a visit. The destination is opening in phases, meaning not everything is fully functional yet but will be in the coming months. In the meantime, we got to explore what is currently on offer.
As the temperature cools, the three-kilometre boardwalk is bound to become a favourite. The walking space is wide and offers beautiful views of the Arabian Gulf as well as Al Raha Beach skyline. It’s also ideal for watching the sunset, with its peaceful surroundings and plenty of spaces to sit.
There are bespoke artworks that have been commissioned and dotted around the attraction. For example, behind Pier 71 is a giant astronaut resting on a bench, while near Etihad Arena is an unmissable large sculpture emerging from the water.
In terms of dining, even though there are still many exciting concepts to come, what is currently on offer is also a welcome addition to the capital. Asia Asia, Daikan, Lock Stock & Barrel, Paradiso and Siddharta Lounge by Buddha-Bar are some of the restaurants that are now welcoming guests.
We tried out Paradiso, a Mediterranean restaurant helmed by Nicole Rubi, the woman behind LPM Restaurant, and Michelin-lauded chef Pierre Gagnaire. Originating in Cannes, France, the space has indoor and outdoor seating and offers everything from pizza to focaccia tartines and pasta to seafood dishes.
We ordered the rigatoni with fresh truffle (Dh130), the pizza with tomatoes and oregano (Dh70) and a chicken dish with a side of rice pilaf (Dh110). While the food is tasty, the portion sizes are a bit smaller than I expected for the price. We also tried the frosted lemon paradiso (Dh60) – a lemon sorbet and cream in a half-frozen lemon served in a bowl of ice. It was served with three sugar sticks, making it a mix of sweet and sour.
For those who prefer something more relaxed, there’s Siddharta Lounge by Buddha-Bar, which has outlets around the world including in Paris, Mykonos, Monte Carlo and Dubai. It offers stunning views of the surrounding area and also gives a front-row seat to the daily fireworks that will be ongoing until December 8.
But it isn’t only dining that Yas Bay has to offer. Popular Ibiza hot spot Cafe del Mar has also opened. The laid-back beach club has outposts in Australia, Thailand, Brazil and Azerbaijan to name only a few of its locations.
It brings with it an infinity pool that overlooks the water and cabanas that come with their own Jacuzzi. On the menu are Mediterranean-inspired dishes and Middle Eastern favourites. There’s also a DJ, which only makes sense as the beach club is famed for its legendary DJ sets.
While there’s still more to come, including The Central, a family entertainment complex, and Emmy Squared, an American restaurant known for its Detroit-style pizzas and handcrafted sandwiches, there’s plenty to be impressed with so far.
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
Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
- Mental well-being assistance
- Insurance coverage for optical, dental, alternative medicine, cancer screening
- Financial well-being incentives
Biog
Mr Kandhari is legally authorised to conduct marriages in the gurdwara
He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada
Father of two sons, grandfather of six
Plays golf once a week
Enjoys trying new holiday destinations with his wife and family
Walks for an hour every morning
Completed a Bachelor of Commerce degree in Loyola College, Chennai, India
2019 is a milestone because he completes 50 years in business
Key developments in maritime dispute
2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier.
2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus
2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.
2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.
2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.
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
Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199
OPINIONS ON PALESTINE & ISRAEL
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
Results
4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m; Winner: MM Al Balqaa, Bernardo Pinheiro (jockey), Qaiss Aboud (trainer)
5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m; Winner: AF Rasam, Tadhg O’Shea, Ernst Oertel
5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel
6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m; Winner: Mujeeb, Richard Mullen, Salem Al Ketbi
6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m; Winner: Jawal Al Reef, Antonio Fresu, Abubakar Daud
7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m; Winner: Ashton Tourettes, Pat Dobbs, Ibrahim Aseel
7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m; Winner: Nibraas, Richard Mullen, Nicholas Bachalard
