Located in Barsha South is Tecom Investment's Villa Lantana, a community of modern minimalist homes. From the kitchen to the patio, these houses ooze contemporary chic. And so it is only fitting that residing in one of the four-bedroom detached villas is Fadi Sarieddine, one of Dubai's acclaimed multidisciplinary designers, with his wife, Lilas Bitar, and two sons, Zayyan and Julan.
Take a look through the photo gallery above to see inside Sarieddine's home.
Sarieddine is best known for his furniture and product design, as well as architectural projects, and he has been a regular at Dubai Design Days and Milan’s Salone Del Mobile. He worked on the Boom and Mellow stores, Aramex offices in both Dubai and Abu Dhabi, and OneLife Kitchen and Cafe at Dubai Design District.
Perhaps unsurprisingly, most of the furniture in his home has been designed by him. In the entrance foyer is his Hang On wall fitting made of steel, walnut and oak veneers, and a mirror, on which he hangs keys, bags and sunglasses. “Basically all the things you need to unload when you enter your home, and take with you when you leave,” he explains, as we enter the house. The credit for this piece actually goes to his wife, who came up with the idea. Bitar, a former teacher, had previously worked at her father’s furniture gallery in Beirut, before co-founding Fadi Sarieddine Design Studio in 2013 with her husband.
The family’s house has two storeys. Downstairs is home to the living and dining rooms, as well as the kitchen and one guest bedroom. Upstairs, you find three bedrooms and a more informal living area. “It is mainly my parents or my sister who come and stay, so it is practical to have the guest bedroom down, so they do not have to bother with the stairs.”
A large wall unit made of walnut defines the living room. It was, of course, custom-made by Sarieddine. It is functional and sturdy – something the designer believes should be at the core of every piece of furniture – but it is also quirky, with its one sloping shelf.
If you look at this region's design history, it was disturbed due to colonialism
A sliding wooden panel hides a television, but on full display is Sarieddine's extensive book collection, which includes plenty of tomes on design and many more on politics. This includes titles such as Robert Fisk's The Great War For Civilisation: The Conquest of the Middle East and Bush in Babylon by Tariq Ali. "Politics effect way of life and also inform design," says the trained architect.
This perspective is also reflected in his work. For instance, in the corner of his living space are the Wax and Fire candle stands, from the Dubai edition of his Damascus Revisited series, which were shown during 2016’s Dubai Design Days. They are made of brass, marble, walnut and Plexiglas. “If you look at this region’s design history, it was disturbed due to colonialism,” he explains. “At this time, it became the norm to import European furniture. So I wanted to look back at the time when home-grown furniture was the standard.” For this series, which also included lights and bowls, old Damascene tables inspired him as he deconstructed traditional designs.
We also spot myriad DVDs on the shelves. “We were tricked into collecting these,” he says with a hint of amusement. “Now they just rest on the shelf. You cannot use them anymore.” They sit near some vintage pieces, too, including a Singer sewing machine that has “Made In The People’s Republic of China” embossed on its top. It was bought from one of his favourite markets, Basta, back in Beirut.
Among his furniture is a vintage sofa and two chairs that he had upholstered in grey. He prefers muted hues, with brighter colours used sparingly, as a surprise element. When you pull out the drawers of his sideboard, for example, you notice the sides are painted red. And there are hints of colour in his modular coffee table, another signature piece from the Fadi Sarieddine Design Studio. It comes with a metal main frame and a series of 25 “plug-ins” you can configure to suit your needs. Sarieddine’s version includes a plant holder and gold-leafed barrel plug-in that creates the perfect space to store magazines and files in.
This interchangeable, multi-use design drives all of Sarieddine’s pieces. “Product design is not sculpture, it is something you must be able to use on a daily basis,” he explains. This consideration carries through to the bar and dining table, which are very utilitarian, with an industrial edge.
His house is filled with art, but the work he is most proud of is a white gypsum sculpture he bought just three months ago. It is called the Birdman Sculpture and was made by Syrian-Lebanese artist Semaan Khawam. "I missed my flight back from Beirut as I spent two hours in customs with it. They thought I was hiding something inside it." This artwork can be found near the "reading corner" of the living room, where the Swaddle chair is; a hand-stitched, vegetable-dyed leather seat with a built-in cotton blanket that embraces you as you sit down.
It is hard to keep track of the many striking design pieces around this carefully curated home. We see bowls by Tom Dixon and an uplighter by Flos, some vintage trunks embossed with Queen Elizabeth II's coat of arms that he bought from London's Camden Market, and dining room chairs from Ikea. The upstairs family room features a throw and chair from Zara Home. "I say, if you find something from Zara Home that is tasteful, then go for it." He believes that a person's abode has to have a mix of designer and high street, vintage and new. Even the patio features a mix: there is a custom-made bench near to old, wooden Lebanese furniture teamed with chairs that originally came from Africa.
Undoubtedly, much thought has gone into the decor. “This is our third house since we moved to Dubai in 2004, but I knew as soon I walked into this property two years ago that it was going to be our home for a long time,” he admits. “It had that clean and modern look that just worked with our own design aesthetic.”
Often, that is what it is all about: just walking into a space and knowing that you belong.
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“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
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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.”
No Shame
Lily Allen
(Parlophone)
MATCH INFO
Uefa Champions League semi-final, first leg
Tottenham 0-1 Ajax, Tuesday
Second leg
Ajax v Tottenham, Wednesday, May 8, 11pm
Game is on BeIN Sports
The 12 breakaway clubs
England
Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur
Italy
AC Milan, Inter Milan, Juventus
Spain
Atletico Madrid, Barcelona, Real Madrid