The Tap House at Club Vista Mare on The Palm Jumeirah. Courtesy The Tap House
The Tap House at Club Vista Mare on The Palm Jumeirah. Courtesy The Tap House

Friday Brunch at: The Taphouse at Club Vista Mare in Dubai’s Palm Jumeirah



The location

In the recently opened Club Vista Mare on Dubai’s Palm Jumeirah. The Tap House sits right by the adjoining beach, overlooking the waters of The Gulf. The cluster of restaurants that have gathered along the club’s promenade offer possibly the closest Dubai has to a Mediterranean-style location, and it’s a great spot to while away an afternoon watching the world go by and sipping on your preferred tipple, Puerto Banus-style.

The atmosphere

Mostly chilled, though the beachfront location and traffic-free environment makes it a popular spot for families, so there is the occasional yelp of a dissident infant to break up the peace and quiet.

When we first arrived at around 1pm the whole area was almost empty, leading me to conclude that perhaps Club Vista Mare hasn’t quite reached the public consciousness yet. By the time our brunch was over, however, The Tap House and its neighbours were packed, leading to a secondary conclusion that if you can afford to live on The Palm, you can probably afford to miss the first hour or so of your brunch.

Music is a background-level mix of pop and R’n’B, which is fittingly unobtrusive for a relaxing afternoon in the sun. The playlist on our visit included Mark Morrison, who we can only assume had previously visited on one of the recent chilly winter nights, as he repeatedly demanded the return of his Mac.

The food

High-end pub grub, served from a three-course set menu rather than buffet-style – the management assured us the menu will change regularly to avoid ennui. The starter of lentil Scotch egg was a surprisingly tasty oddity, with the lentil filling somehow emulating much of the flavour of the more traditional meat version, while a quinoa salad came with plenty of leaves and the ability to assuage at least some guilt for the inevitable fried mains to come. Said mains were, in fact, the most disappointing part of the meal. Both the Southern fried chicken with waffle and maple syrup and the fish and chips had a hint of the supermarket frozen food aisle about them. Neither was bad, but for a venue that aims to position itself “a cut above standard gastropub fare”, I had expected a little more. The chef was back on form for desert. A moist, fluffy sticky toffee pudding and a tangy burnt lemon tart were moreish enough to successfully erase the disappointment of the slightly underwhelming mains.

Who’s it best for?

Families, couples, friends who want a pleasant afternoon of chatting over uncomplicated food and drink without the perennial brunch distractions of DJs whose amps go up to 11, house bands or legions of over-excited revellers.

Verdict

Great location, pleasant atmosphere, decent food. For the location and price I would definitely return.

The Tap House Friday Brunch takes place every Friday from 12.30pm-4pm. The basic package with soft drinks costs Dh175, house drinks package Dh345, with an option to top up the house drinks until 7pm for an additional Dh175. There's also an Dh90 kids' menu. Reservations and info at 04 514 3778 or info@thetaphouse.ae

cnewbould@thenational.ae

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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.

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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.”