• Yas Bay Waterfront has opened to the public. All photos: Khushnum Bhandari / The National
    Yas Bay Waterfront has opened to the public. All photos: Khushnum Bhandari / The National
  • Pier 71 is home to a number of restaurants and lounges at Yas Bay Waterfront.
    Pier 71 is home to a number of restaurants and lounges at Yas Bay Waterfront.
  • Guests can enjoy views of Al Raha Beach skyline from Yas Bay Waterfront.
    Guests can enjoy views of Al Raha Beach skyline from Yas Bay Waterfront.
  • The boardwalk at Yas Bay Waterfront.
    The boardwalk at Yas Bay Waterfront.
  • Yas Bay Waterfront has a three-kilometre boardwalk that overlooks the Arabian Gulf.
    Yas Bay Waterfront has a three-kilometre boardwalk that overlooks the Arabian Gulf.
  • There are art installations around the waterfront area.
    There are art installations around the waterfront area.
  • A giant bronze sculpture emerges from the water at Yas Bay Waterfront.
    A giant bronze sculpture emerges from the water at Yas Bay Waterfront.
  • Paradiso, which is helmed by Nicole Rubi, the woman behind LPM Restaurant, and Michelin-lauded chef Pierre Gagnaire.
    Paradiso, which is helmed by Nicole Rubi, the woman behind LPM Restaurant, and Michelin-lauded chef Pierre Gagnaire.
  • Paradiso, a Mediterranean restaurant that originated in Cannes, France, is now open at Yas Bay Waterfront.
    Paradiso, a Mediterranean restaurant that originated in Cannes, France, is now open at Yas Bay Waterfront.
  • The rigatoni pasta dish at Paradiso.
    The rigatoni pasta dish at Paradiso.
  • Pizza with tomatoes and oregano at Paradiso.
    Pizza with tomatoes and oregano at Paradiso.
  • Etihad Arena is located within Yas Bay Waterfront.
    Etihad Arena is located within Yas Bay Waterfront.
  • More restaurants and concepts are set to open in the coming months.
    More restaurants and concepts are set to open in the coming months.
  • Cafe del Mar's cabanas come with their own Jacuzzi.
    Cafe del Mar's cabanas come with their own Jacuzzi.
  • An installation lights up at night at Yas Bay Waterfront.
    An installation lights up at night at Yas Bay Waterfront.

Yas Bay Waterfront: what to expect at the new Abu Dhabi destination


Evelyn Lau
  • English
  • Arabic

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.

A giant bronze sculpture emerges from the water at Yas Bay Waterfront. Khushnum Bhandari / The National
A giant bronze sculpture emerges from the water at Yas Bay Waterfront. Khushnum Bhandari / The National

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.

Pizza with tomatoes and oregano served at Paradiso at Yas Bay Waterfront. Khushnum Bhandari / The National
Pizza with tomatoes and oregano served at Paradiso at Yas Bay Waterfront. Khushnum Bhandari / The National

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.

If you go

The flights

There are direct flights from Dubai to Sofia with FlyDubai (www.flydubai.com) and Wizz Air (www.wizzair.com), from Dh1,164 and Dh822 return including taxes, respectively.

The trip

Plovdiv is 150km from Sofia, with an hourly bus service taking around 2 hours and costing $16 (Dh58). The Rhodopes can be reached from Sofia in between 2-4hours.

The trip was organised by Bulguides (www.bulguides.com), which organises guided trips throughout Bulgaria. Guiding, accommodation, food and transfers from Plovdiv to the mountains and back costs around 170 USD for a four-day, three-night trip.

 

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

RESULT

Shabab Al Ahli Dubai 0 Al Ain 6
Al Ain: Caio (5', 73'), El Shahat (10'), Berg (65'), Khalil (83'), Al Ahbabi (90' 2)

Mubalada World Tennis Championship 2018 schedule

Thursday December 27

Men's quarter-finals

Kevin Anderson v Hyeon Chung 4pm

Dominic Thiem v Karen Khachanov 6pm

Women's exhibition

Serena Williams v Venus Williams 8pm

Friday December 28

5th place play-off 3pm

Men's semi-finals

Rafael Nadal v Anderson/Chung 5pm

Novak Djokovic v Thiem/Khachanov 7pm

Saturday December 29

3rd place play-off 5pm

Men's final 7pm

LAST-16 EUROPA LEAGUE FIXTURES

Wednesday (Kick-offs UAE)

FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm

Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm

Inter Milan v Getafe (one leg only) 11pm

Manchester United (5) v LASK (0) 11pm 

Thursday

Bayer Leverkusen (3) v Rangers (1) 8.55pm

Sevilla v Roma  (one leg only)  8.55pm

FC Basel (3) v Eintracht Frankfurt (0) 11pm 

Wolves (1) Olympiakos (1) 11pm 

MATCH INFO

Schalke 0

Werder Bremen 1 (Bittencourt 32')

Man of the match Leonardo Bittencourt (Werder Bremen)

WHAT ARE NFTs?

     

 

    

 

   

 

Non-fungible tokens (NFTs) are tokens that represent ownership of unique items. They allow the tokenisation of things such as art, collectibles and even real estate.

 

An NFT can have only one official owner at one time. And since they're minted and secured on the Ethereum blockchain, no one can modify the record of ownership, not even copy-paste it into a new one.

 

This means NFTs are not interchangeable and cannot be exchanged with other items. In contrast, fungible items, such as fiat currencies, can be exchanged because their value defines them rather than their unique properties.

 

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.”

MATCH INFO

Newcastle 2-2 Manchester City
Burnley 0-2 Crystal Palace
Chelsea 0-1 West Ham
Liverpool 2-1 Brighton
Tottenham 3-2 Bournemouth
Southampton v Watford (late)

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EGrowdash%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJuly%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ESean%20Trevaskis%20and%20Enver%20Sorkun%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ERestaurant%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%20so%20far%3A%3C%2Fstrong%3E%20%24750%2C000%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Plus%20VC%2C%20Judah%20VC%2C%20TPN%20Investments%20and%20angel%20investors%2C%20including%20former%20Talabat%20chief%20executive%20Abdulhamid%20Alomar%2C%20and%20entrepreneur%20Zeid%20Husban%3C%2Fp%3E%0A
Company%20Profile
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Six large-scale objects on show
  • Concrete wall and windows from the now demolished Robin Hood Gardens housing estate in Poplar
  • The 17th Century Agra Colonnade, from the bathhouse of the fort of Agra in India
  • A stagecloth for The Ballet Russes that is 10m high – the largest Picasso in the world
  • Frank Lloyd Wright’s 1930s Kaufmann Office
  • A full-scale Frankfurt Kitchen designed by Margarete Schütte-Lihotzky, which transformed kitchen design in the 20th century
  • Torrijos Palace dome
SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%202-litre%204-cylinder%20turbo%20and%203.6-litre%20V6%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20automatic%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20235hp%20and%20310hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E258Nm%20and%20271Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh185%2C100%0D%3Cbr%3E%3C%2Fp%3E%0A
SERIE A FIXTURES

Saturday

AC Milan v Sampdoria (2.30pm kick-off UAE)

Atalanta v Udinese (5pm)

Benevento v Parma (5pm)

Cagliari v Hellas Verona (5pm)

Genoa v Fiorentina (5pm)

Lazio v Spezia (5pm)

Napoli v Crotone (5pm)

Sassuolo v Roma (5pm)

Torino v Juventus (8pm)

Bologna v Inter Milan (10.45pm)

The%20Witcher%20-%20season%20three
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EVarious%0D%3Cbr%3E%3Cstrong%3E%0D%3Cbr%3EStars%3A%20%3C%2Fstrong%3EHenry%20Cavill%2C%20Freya%20Allan%2C%20Anya%20Chalotra%3Cstrong%3E%0D%3Cbr%3E%0D%3Cbr%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Updated: December 02, 2021, 1:31 PM