Jonathan Vercoutere, left, and Julien Pilard at Bistro Des Arts in Dubai Marina. Sarah Dea / The National
Jonathan Vercoutere, left, and Julien Pilard at Bistro Des Arts in Dubai Marina. Sarah Dea / The National

Meet the founders of Dubai’s new French cafe Bistro Des Arts



If you love baguettes, crêpes and all things French, you are in for a treat when Bistro Des Arts opens its doors in Dubai this month.

Within minutes of meeting Jonathan Vercoutere and Julien Pilard, the two French entrepreneurs behind the restaurant, it’s clear their passion for their home-grown concept is genuine. In anticipation of the opening, the two are like children before the first day of school.

“Well, we are more excited than nervous,” says Vercoutere. “Really, we are so excited. It’s like showing the baby to the world.”

The two met while working as restaurant managers at Nasimi Beach in Atlantis, The Palm.

“We’d see each other once a week at the management meeting. We became very good friends,” says Pilard.

“Dubai has all this structure in hotels that we don’t like,” says Vercoutere. We wanted to be our own boss.”

Knowing there was an underserved niche for casual French dining in Dubai, they developed their concept and presented it to Naim Maadad, chief executive of Gates Hospitality, who was quickly sold on the idea.

Bistro Des Arts is in Dubai Marina – its entrance only accessible from the promenade (or a walk through Marina Mall, with a right turn out of any waterfront exit). There’s an ample, inviting terrace with small, round tables dotted under oversized red awnings that evoke memories of a quaint Parisian street. Inside, small tables are nestled close together for a cosy, French-­cafe feel: “Basically, it’s Dubai meets Paris,” says Vercoutere.

But the emphasis is largely on Paris. This is not a Mediterranean cafe and though there is an occasional offbeat item – such as American-style pancakes – on the menu, it’s nearly all French, all the time. You’ll find Provençal aioli; beef bourguignon; rabbit ragout; duck confit; ratatouille and so much more. The bistro will be open from 7.30am to 11pm every day and the owners insist that the breakfast here will be worth waking up for. Try the truffle scrambled eggs or the classic crêpe Suzette from the crêpe trolley, which waiters flambé table-side. “It’s a bit of a show,” says Pilard.

Bistro Des Art offers fine French food without the high price tags of Le Petit Maison or La Serre. Expect to pay about Dh250 per person for a three-course meal, including a classic French beverage.

“It’s what we think is missing in Dubai,” Pilard says.

Something else they believe in is a convivial vibe among staff. From the owners to the bus boys, “we sit together for lunch”, says Pilard. “We have a chat together. We brainstorm together. In Dubai, you never see this.”

Vercoutere adds: “It’s a family business. We are here together and if we like each other, we’ll do a better job. People say you are not at work to make friends. I’m sorry, you are. It creates team spirit and teamwork.” Guests will benefit from what the owners hope this kind of approach will lead to: unrivalled customer service.

“It’s a neighbourhood restaurant,” says Vercoutere. “You’ll know us.” By which he means himself and Pilard. Not only will they manage the restaurant, the two men will also welcome guests when they arrive, take orders, serve the food and even clear tables, if needed.

“We want people to be talking about this restaurant for the next week after they eat here,” says Vercoutere.

“We want them to leave with their head full of surprises. When you come here, you don’t feel luxury.”

“No,” says Pilard. “You feel at home. Home sweet home.”

• Bistro Des Arts is scheduled to open by the end of the month. Visit www.bistrodesarts.ae

sjohnson@thenational.ae

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Starring: Anna Kendrick, Justin Timberlake

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The specs: 2019 Audi A7 Sportback

Price, base: Dh315,000

Engine: 3.0-litre V6

Transmission: Seven-speed automatic

Power: 335hp @ 5,000rpm

Torque: 500Nm @ 1,370rpm

Fuel economy 5.9L / 100km

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

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.”

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Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

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Price, base / as tested Dh395,000 / Dh420,000

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