Rashed Al Tayer opened Neighbors in 2017 and Terra in 2021 to be followed by Italian restaurant Oppidan and a seven-venue complex in Al Quoz this year. Photo: Outset
Rashed Al Tayer opened Neighbors in 2017 and Terra in 2021 to be followed by Italian restaurant Oppidan and a seven-venue complex in Al Quoz this year. Photo: Outset
Rashed Al Tayer opened Neighbors in 2017 and Terra in 2021 to be followed by Italian restaurant Oppidan and a seven-venue complex in Al Quoz this year. Photo: Outset
Rashed Al Tayer opened Neighbors in 2017 and Terra in 2021 to be followed by Italian restaurant Oppidan and a seven-venue complex in Al Quoz this year. Photo: Outset

After tasting success with Terra, Emirati restaurateur's next courses are even bigger


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'I don’t cook, but I love to eat,” says Rashed Al Tayer, the Emirati restaurateur behind eateries such as Neighbors and Terra.

We're sitting inside the Jumeirah branch of Terra, the thick foliage of the rustic venue filtering the harsh sun. “We have more than 200 plants in here,” Al Tayer points out with a smile.

Al Tayer's love for Terra is almost palpable, like a proud parent. Despite studying finance, the Emirati entrepreneur seems to have a natural flair for the restaurant industry.

“I studied in San Diego and graduated in 2013. I came back here and worked in my family's real estate business for about two years, but it felt a bit boring to be honest,” he says. “I decided to do something more in the lifestyle scene.”

Towards the end of 2017, Al Tayer opened Neighbors, a cafe and bakery also in the bustling Jumeirah district. Over the years, the venue has become a go-to community hangout spot in the Dubai district.

“I wanted to expand Neighbors and elevate it, and then I saw this location,” he says, referring to Terra. Keen to open a full-fledged restaurant in the affluent residential community with its low-rise villas and townhouses, Al Tayer decided to forgo his expansion plans and experiment with a new concept.

Terra in Dubai is leafy, relaxed and offers a close community vibe. Photo: Outset
Terra in Dubai is leafy, relaxed and offers a close community vibe. Photo: Outset

Terra opened in 2021 and was an instant success. The restaurant serves Mediterranean cuisine, with a broad influence owing to Al Tayer's travels across Europe.

Last year, he brought Terra to Abu Dhabi and, just a few months after its debut, the restaurant was included in the coveted Michelin Guide.

“Next year, we are going to open a third Terra,” he says with a cheery grin.

Scrambled eggs with mushroom at Terra's new breakfast menu. Photo: Terra
Scrambled eggs with mushroom at Terra's new breakfast menu. Photo: Terra

Despite his nonchalant demeanour, the Emirati entrepreneur has a quiet intensity about him. For example, he tells me how he poured his energy into tasting dozens of coffee beans before opening Neighbors. “Back in the US, I went on a food tour trying about 18 different types of beans in two weeks to get ideas,” he adds.

Everything he learnt from opening Neighbors, Al Tayer used when launching Terra. His attention to detail was sharpened by “experience and many mistakes”.

At Terra, he makes sure his personality shines through in every aspect. “One of my favourite things about opening a restaurant is buying furniture, cutlery and all that,” he says. He adds that guests can experience a part of him “from my favourite food to my style”.

The future

Aside from Terra and Neighbors, Al Tayer also owns the Boston Lane cafe at the Courtyard in Al Quoz. And there are plenty of more projects in the pipeline.

Oppidan, a casual Italian restaurant, will open on Dubai's Al Wasl Road in the next few months.

Oppidan will serve Italian cuisine. Photo: Outset
Oppidan will serve Italian cuisine. Photo: Outset

“I believe there is a gap for casual Italian venues, and I also really love Italian food,” he says.

While the menu is not yet finalised, Al Tayer says it's going to be of the same calibre as Terra, but with a focus on Italian cuisine. He plans to sell fresh handmade pasta at Oppidan, for example, which people can take home to cook.

Perhaps his most ambitious venture so far is CMPLX, pronounced “complex”, a lifestyle hub comprising seven concepts set across 3,000 square metres of land in Al Quoz.

The vision is simple, says Al Tayer, to create a one-stop shop for the community. “You can eat there, organise meetings, work out and even do your hair,” he explains.

CMPLX is opening towards the end of the year. Photo: Outset
CMPLX is opening towards the end of the year. Photo: Outset

Three out of the seven planned venues at CMPLX are in-house. One of them is a “much-elevated version” of Neighbors. In addition to the barber shop and two fitness studios (one for low-impact workouts, another for high-intensity classes), there will also be a boutique selling fashion and homeware, plus a leasable events space.

It's a project that seemingly makes perfect sense for Al Tayer, who still considers real estate his main hustle.

To manage his growing businesses better, Al Tayer has also created Outset, a unifying company that houses all his lifestyle ventures.

This is only the beginning for Outset, he says. “My aim is to have a maximum of 10 to 12 restaurants, and then I will stop,” he adds. “I want to tap into Asian food soon.”

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Based: Masdar City, ADGM, London and Delaware

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Size: A team of 12 with six employed full-time

Sector: Renewable energy

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If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

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Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

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Updated: May 22, 2024, 1:13 PM