Whether you prefer to picnic with the kids, soak up the atmosphere in a Jacuzzi on a yacht, or sit so close to the track that you can smell the fumes, Jessica Hill’s got you covered for the best options to watch the region’s biggest racing event, the Abu Dhabi Grand Prix
From a yacht
The waters of Yas Marina will be teeming with yachts. As well as the mega-yachts belonging to the super-rich, there are others that can be rented out for the weekend, mainly for corporate-hospitality events. Leasing business Eden Yachting still has several available, including a 35-metre (tri deck) and a 26m yacht, both of which boast views of the track. Prices range from Dh220,000 to Dh2 million (including berthing). “These can host lavish parties in the most luxurious surroundings,” says managing partner Jane Daly. “Tri-deck yachts are always popular because they have an excellent view of the track. There are also some smaller yachts with large flybridges, which are great for entertaining.”
With the stars
F1 party specialists Amber Lounge is selling tickets for its 30-metre yacht, where you can watch the race and mingle with celebrity VIPs, as well as F1 drivers past and present. Former guests have included Rachel Hunter and Pixie Lott. A two-day package, with access to the F1 concerts, lunch and an open champagne and spirits bar, costs US$4,950 (Dh18,184).
With a meal
Italian restaurant Cipriani and Mediterranean Diabolito both offer a look at the racing action across the water from their outdoor à la carte dining seats. Diabolito’s two-storey rooftop has the best views.
At the Paddock Club
This is where the movers and shakers of the business world rub shoulders with the rich, the famous, and the F1 racing elite. All 21 grand prix around the world boast a Paddock Club, but with 7,500 seats spread across three floors, Abu Dhabi’s is “well in excess of anyone else”, according to Nick McElwee, Yas Marina Circuit’s sales and marketing director. There are bars and food stations with a relaxed ambience on the rooftop, whereas downstairs features corporate and syndicated suites with dinner tables set for 8 to 10. Three-day Paddock-Club access will set you back Dh20,000.
While Brunching
McElwee says the Abu Dhabi Grand Prix is the only grand prix in the world where you can brunch while watching the race live. Although the Extreme Brunch on the Trackside Terrace and the Grand Prix brunch at the Marina Grandstand are sold out, seats can still be reserved for the trackside brunch at Origins in the Yas Viceroy Hotel, which costs Dh370 excluding taxes. The hotel also has two à la carte restaurants offering terraces with views of the track: Kazu, which serves Japanese cuisine (Dh545 excluding taxes), and Atayeb (Dh370 excluding taxes) if you prefer Arabian food.
From your own suite
If you have Dh120,000 to spare, you can book a 1,564 square foot “Island suite” at Yas Viceroy Hotel for four nights, including dinner, and spend the race sipping champagne while enjoying panoramic views of the track from a private, wraparound balcony.
From up top
The highest point from which to watch the race is the trackside terrace on the seventh floor of the circuit’s HQ building, which offers sweeping views over Abu Dhabi Hill, the royal tower and the marina. With dining on the first floor and a balcony overlooking the track, it is the perfect spot to catch Sunday’s post-race fireworks. Tickets for Saturday and Sunday go for Dh9,150.
With the kids
According to Joanna Bates, Yas Marina Circuit’s head of event management, the North Grandstand is the best option for families. “The nearby North Oasis has a relaxed vibe, a cultural and heritage display and children’s play areas. Also, the Majlis in our F1 village (adjacent to the Main Grandstand) features a children’s area with arts-and-crafts activities and cultural entertainment.”
With the family
For a more casual F1 affair, pack your picnic rugs and beanbags and head to Abu Dhabi hill, in the centre of the circuit. All of this year’s F1 tickets also include free access to Yas Waterworld and Ferrari world, as well as the F1 after-race concerts, which means these relatively inexpensive seats (Dh995 for three days) offer particularly good value. They are also a great option for those with young children who do not like to sit still.
artslife@thenational.ae
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
JOKE'S%20ON%20YOU
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What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
Voices: How A Great Singer Can Change Your Life
Nick Coleman
Jonathan Cape
MATCH INFO
Everton 2 (Tosun 9', Doucoure 93')
Rotherham United 1 (Olosunde 56')
Man of the Match Olosunde (Rotherham)
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The biog
Job: Fitness entrepreneur, body-builder and trainer
Favourite superhero: Batman
Favourite quote: We must become the change we want to see, by Mahatma Gandhi.
Favourite car: Lamborghini
Abu Dhabi traffic facts
Drivers in Abu Dhabi spend 10 per cent longer in congested conditions than they would on a free-flowing road
The highest volume of traffic on the roads is found between 7am and 8am on a Sunday.
Travelling before 7am on a Sunday could save up to four hours per year on a 30-minute commute.
The day was the least congestion in Abu Dhabi in 2019 was Tuesday, August 13.
The highest levels of traffic were found on Sunday, November 10.
Drivers in Abu Dhabi lost 41 hours spent in traffic jams in rush hour during 2019
Youth YouTuber Programme
The programme will be presented over two weeks and will cover the following topics:
- Learning, scripting, storytelling and basic shots
- Master on-camera presence and advanced script writing
- Beating the algorithm and reaching your core audience
360Vuz PROFILE
Date started: January 2017
Founder: Khaled Zaatarah
Based: Dubai and Los Angeles
Sector: Technology
Size: 21 employees
Funding: $7 million
Investors: Shorooq Partners, KBW Ventures, Vision Ventures, Hala Ventures, 500Startups, Plug and Play, Magnus Olsson, Samih Toukan, Jonathan Labin
The Lost Letters of William Woolf
Helen Cullen, Graydon House
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Match info
Manchester United 4
(Pogba 5', 33', Rashford 45', Lukaku 72')
Bournemouth 1
(Ake 45 2')
Red card: Eric Bailly (Manchester United)
UAE currency: the story behind the money in your pockets
Russia's Muslim Heartlands
Dominic Rubin, Oxford
Essentials
The flights
Emirates, Etihad and Malaysia Airlines all fly direct from the UAE to Kuala Lumpur and on to Penang from about Dh2,300 return, including taxes.
Where to stay
In Kuala Lumpur, Element is a recently opened, futuristic hotel high up in a Norman Foster-designed skyscraper. Rooms cost from Dh400 per night, including taxes. Hotel Stripes, also in KL, is a great value design hotel, with an infinity rooftop pool. Rooms cost from Dh310, including taxes.
In Penang, Ren i Tang is a boutique b&b in what was once an ancient Chinese Medicine Hall in the centre of Little India. Rooms cost from Dh220, including taxes.
23 Love Lane in Penang is a luxury boutique heritage hotel in a converted mansion, with private tropical gardens. Rooms cost from Dh400, including taxes.
In Langkawi, Temple Tree is a unique architectural villa hotel consisting of antique houses from all across Malaysia. Rooms cost from Dh350, including taxes.
Baby Driver
Director: Edgar Wright
Starring: Ansel Elgort, Kevin Spacey, Jamie Foxx, Lily James
Three and a half stars
MATCH INFO
Uefa Champions League semi-finals, second leg:
Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE
Game is on BeIN Sports
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
match details
Wales v Hungary
Cardiff City Stadium, kick-off 11.45pm
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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Teams in the EHL
White Bears, Al Ain Theebs, Dubai Mighty Camels, Abu Dhabi Storms, Abu Dhabi Scorpions and Vipers
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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.”
Timeline
1947
Ferrari’s road-car company is formed and its first badged car, the 125 S, rolls off the assembly line
1962
250 GTO is unveiled
1969
Fiat becomes a Ferrari shareholder, acquiring 50 per cent of the company
1972
The Fiorano circuit, Ferrari’s racetrack for development and testing, opens
1976
First automatic Ferrari, the 400 Automatic, is made
1987
F40 launched
1988
Enzo Ferrari dies; Fiat expands its stake in the company to 90 per cent
2002
The Enzo model is announced
2010
Ferrari World opens in Abu Dhabi
2011
First four-wheel drive Ferrari, the FF, is unveiled
2013
LaFerrari, the first Ferrari hybrid, arrives
2014
Fiat Chrysler announces the split of Ferrari from the parent company
2015
Ferrari launches on Wall Street
2017
812 Superfast unveiled; Ferrari celebrates its 70th anniversary