It doesn’t take an awful lot of effort to choose a new vase or a couple of scatter cushions, does it? You just head to your favourite home interiors store or jump onto the internet and look for something that you like within your price range.
Accessories don’t usually cost an awful lot of money and we tend not to keep them for years and years, so the commitment (and therefore risk) is minimal. But when it comes to buying bigger, more expensive pieces that need to last, it’s a different story. With these you want to get it right. That’s why we’ve put together this buying guide for three of the most important purchases that you’re likely to make for your home.
The sofa
The first question to ask yourself when buying a sofa is, who will be using it? Functionality has to come before style. If you have a big shaggy dog or young kids, for example, it simply isn’t practical to get a sofa upholstered in expensive cream silk fabric. It will be ruined before you’ve had a chance to enjoy it for more than a week.
If your sofa is likely to get a lot of heavy use, you need to be thinking dark textured fabrics, perhaps with a pattern that will hide dirt and wear. Leather is actually a great choice with kids because it's wipe- clean, especially antiqued leather, which actually looks better with wear. But if you've got boisterous pets then steer clear as their claws will scratch the surface. Size is another big factor, if you'll excuse the pun. There's nothing worse than a sofa that is too large for the room – it makes everything feel cramped and crowded, which is not what you want in a space that should be welcoming and relaxing. Make sure to measure your room accurately before shopping, and buy accordingly.
It might be tempting to avoid the hassle of going out to the shops and buy your sofa online instead, but nothing beats actually testing a sofa out properly. Sit on it, lie on it, lounge on it, test out all the different ways you might use it and see how it feels. Is it deep enough to curl up in? Hard enough to support your back? Unless all of these practicalities work, it just doesn’t matter how good the piece looks.
The dining table
Many of the questions you'll be asking yourself about a sofa will be the same for a dining table. So, first, who is going to be using it? If you have a large family and need the table to act as place to eat, play boardgames, do homework and so on, you'll need something very different than someone who lives by themselves and tends to eat out with their friends.
If you need a large dining table, but don’t have the space, go for an extendable model or one with leaves that fold down. Also consider this option if you know you’re planning on moving to a bigger place in the future or starting a family. Remember, this isn’t a temporary purchase, it is one that will hopefully last you for many years.
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Read more:
Jysk now in Dubai: 10 pieces of furniture you will find at the 'Danish Ikea'
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The material that your dining table is made from will be a big consideration, too. Wood is popular and wears well. Softer woods can get knocked and scratched, so if your dining table will see a lot of action then go for a harder wood such as mahogany, walnut or oak instead.
Glass looks great and is ideal in a small or dark room because it lets light move around and so won’t “fill” the room in the same way as a solid material. But be warned, glass tables need more cleaning, so if you have sticky-fingered toddlers around it’s not a good option.
The bed
This is a vital purchase to get right, and not just because of expense. We spend almost a third of every day asleep, and slumber supports everything from our physical to mental health. But there are so many types of beds available that it can be very hard to choose. Divan and bedsteads are the most common, but there are also futons and sofa beds, bunk beds and oversized beds.
In terms of sleep quality, the most important part of your bed is the mattress. You probably already know whether your back prefers a hard or a soft mattress, but there are other factors to consider. Mattresses can be made of lots of things, such as foam or springs, with lots of variations of each. Don’t be afraid to ask the sales staff in the showroom about the options on offer, and the advantages and disadvantages of each one.
Whatever you think sounds best, you’ll definitely need to try it out before you buy. You might feel silly, but lie in the position you would do at night rather than just on your back, and spend as long as you need to be certain you will be comfortable for seven to eight hours at a time.
When it comes to the size of your bed, the most important thing is that you fit comfortably in it. You don’t want to be waking up your spouse every time you roll over, or finding your feet sticking out the bottom. Make sure the length is at least six inches longer than your height. If you’re really pushed for space at home then a futon or sofa bed is ideal, as you’ll free up more room during the day when the bed is folded away.
There are a few extras that are worth thinking about, too. If storage is an issue in your home then a bed with drawers underneath will provide some vital extra space. If you like to sit up reading at night then you’ll need a comfy headboard. And a small but super-useful extra is mattress handles, which will help you when you turn the mattress, something you should be doing every three months or so.
By investing time and effort in making good choices about major purchases early on, you will ensure that you can enjoy them for years to come.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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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Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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MATCH INFO
Uefa Champions League, Group B
Barcelona v Inter Milan
Camp Nou, Barcelona
Wednesday, 11pm (UAE)
UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)