The Stone Age is having a resurgence in Dubai Hills, but not as you know it. Rather than cavemen dragging clubs over craggy floors, Umesh Punia's villa is decked out in 9,000 square metres of some of the planet's rarest and most beautiful rock types.
The businessman spent eight months painstakingly creating plans with designers at AD-Myra for the seven-bedroom, 14-bathroom property.
Punia, who is founder and chief executive of Sharjah company Glaze Granite & Marble, then spent two years travelling the world sourcing stone for his masterpiece. The home blends more than 30 types of marble as well as other precious and semi-precious stones in a unique show of interior design.
“Since the beginning of civilisation, stone has been the foremost medium of expressing the art of building,” says Punia, who is originally from India. “Sculpture, monuments and stately homes that have stood the test of time nearly always have marble or natural stone as an integral part.
“Stone is the medium architects, designers and sculptors use to express their designs in timeless eternity.”
Carved in stone
One of the early challenges was to make the property feel like a family home, as opposed to a builder’s yard.
“We wanted to create a welcoming living environment, as well as to explore the full potential of stone in all possible colours and functions,” says Punia.
We sourced quartzites from Brazil, onyx from Turkey, and neolith and sintered stone countertops from Spain
Umesh Punia,
businessman
“We used more than 30 stone types to create not only the floors and walls, but also the custom-made tables and bathroom and vanity elements.”
The design team even customised an oval Jacuzzi and clad it with segmented stones to recreate its unique geometry.
“We have explored how stone could become a decorative and expressive material in all its sizes, workmanship and technique, and achieved results beyond our expectations,” says Punia. “But then again, we set no boundary to our imagination.”
In addition to its multiple bedrooms and bathrooms, the villa also features a sprawling stone bar, a swimming pool, plus a basement party room for entertaining.
“These days, a lot of villas have one monotone marble throughout, but we used eclectic colours and combinations from around the world,” he explains.
Each room is crafted around an individual theme using a different type of marble and, as such, has a kaleidoscopic effect. As well as being applied to walls and floors in the tradition of Middle Eastern residences, stone had been used in accessories such as door and cabinet handles, and as an accent in the joinery.
No mountain high enough
In terms of the sheer size of the marble used, it ranges from one-off slabs of two to three metres for the dining table, to a 4mm wafer-thin accent on the dressing table handles. To achieve the ambitious design, Punia travelled extensively to find the perfect stone for each room.
The stones are all-natural, so the colours and the topology depend on how deep you cut into the mountain
Elisa Angelini,
designer, AD-Myra
“The stones were hand-picked from everywhere around the globe,” says Punia. “A lot came from Italy, but we also sourced beautiful quartzites from Brazil, onyx from Turkey, some marble from Greece and Portugal and, for the kitchen, neolith and sintered stone countertops from Spain.”
Punia’s vision was brought to life by AD-Myra’s Elisa Angelini, who has an extensive knowledge of the material. “For the master bedroom, we wanted to use breccia capraia stone, which is sourced from a very particular area of mountain [in the Italian Alps],” she explains.
“Each nation has its own colours because of this. The stones are all-natural, so the colours and the topology depend on how deep you cut into the mountain. The finished result really is a masterpiece.”
Hitting home
Since his home was completed in August 2022, Punia and his family have settled in, with the father of two being “quite pleased” with the results. His favourite stones are the exotic specimens in the master bathroom, which use an “extremely rare” blend of breccia capraia and emerald quartz.
Guests, meanwhile, love the party lounge in the basement. “It has very bright colours, and a semi-precious stone, onyx and metal combination, which is a real head-turner,” says Punia.
“For us, the family lounge on the ground floor and the family lounge on the first floor are favourite places to be when we spend quality time at home, not only for the overall design and colour combinations, but also the warmth of both the spaces.”
Green ambitions
- Trees: 1,500 to be planted, replacing 300 felled ones, with veteran oaks protected
- Lake: Brown's centrepiece to be cleaned of silt that makes it as shallow as 2.5cm
- Biodiversity: Bat cave to be added and habitats designed for kingfishers and little grebes
- Flood risk: Longer grass, deeper lake, restored ponds and absorbent paths all meant to siphon off water
Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
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.”
Going grey? A stylist's advice
If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”
UAE currency: the story behind the money in your pockets
Best Academy: Ajax and Benfica
Best Agent: Jorge Mendes
Best Club : Liverpool
Best Coach: Jurgen Klopp (Liverpool)
Best Goalkeeper: Alisson Becker
Best Men’s Player: Cristiano Ronaldo
Best Partnership of the Year Award by SportBusiness: Manchester City and SAP
Best Referee: Stephanie Frappart
Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)
Best Sporting Director: Andrea Berta (Atletico Madrid)
Best Women's Player: Lucy Bronze
Best Young Arab Player: Achraf Hakimi
Kooora – Best Arab Club: Al Hilal (Saudi Arabia)
Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)
Player Career Award: Miralem Pjanic and Ryan Giggs
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Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company
Ruwais timeline
1971 Abu Dhabi National Oil Company established
1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants
1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed
1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.
1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex
2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea
2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd
2014 Ruwais 261-outlet shopping mall opens
2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies
2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export
2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.
2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery
2018 NMC Healthcare selected to manage operations of Ruwais Hospital
2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13
Source: The National
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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EA Sports FC 25
Developer: EA Vancouver, EA Romania
Publisher: EA Sports
Consoles: Nintendo Switch, PlayStation 4&5, Xbox One and Xbox Series X/S
Rating: 3.5/5
Madrid Open schedule
Men's semi-finals
Novak Djokovic (1) v Dominic Thiem (5) from 6pm
Stefanos Tsitsipas (8) v Rafael Nadal (2) from 11pm
Women's final
Simona Halep (3) v Kiki Bertens (7) from 8.30pm