• The basement of the Jeswani residence is home to a full-scale nightclub. Antonie Robertson / The National
    The basement of the Jeswani residence is home to a full-scale nightclub. Antonie Robertson / The National
  • The Jeswani residence in Dubai's Emirates Hills. Antonie Robertson / The National
    The Jeswani residence in Dubai's Emirates Hills. Antonie Robertson / The National
  • Manu Jeswani with his wife, Sapna, daughter Anjali and son Manish. Antonie Robertson / The National
    Manu Jeswani with his wife, Sapna, daughter Anjali and son Manish. Antonie Robertson / The National
  • The master bedroom. Antonie Robertson / The National
    The master bedroom. Antonie Robertson / The National
  • The swimming pool. Antonie Robertson / The National
    The swimming pool. Antonie Robertson / The National
  • The private cinema on the first floor. Antonie Robertson / The National
    The private cinema on the first floor. Antonie Robertson / The National
  • The property is fitted with a smart-home system, which also controls the lighting. Antonie Robertson / The National
    The property is fitted with a smart-home system, which also controls the lighting. Antonie Robertson / The National
  • Sapna Jeswani's favourite part of the house is the puja, or ritual, room. Antonie Robertson / The National
    Sapna Jeswani's favourite part of the house is the puja, or ritual, room. Antonie Robertson / The National
  • The home gym. Antonie Robertson / The National
    The home gym. Antonie Robertson / The National
  • The house's lounge area. Antonie Robertson / The National
    The house's lounge area. Antonie Robertson / The National
  • In addition to the club, there are pool tables and a games room. Antonie Robertson / The National
    In addition to the club, there are pool tables and a games room. Antonie Robertson / The National
  • The house has five bedrooms, including two for guests. Antonie Robertson / The National
    The house has five bedrooms, including two for guests. Antonie Robertson / The National
  • Furnishing the house cost a little over Dh30 million. Antonie Robertson / The National
    Furnishing the house cost a little over Dh30 million. Antonie Robertson / The National
  • A touch of greenery at the Jeswani residence. Antonie Robertson / The National
    A touch of greenery at the Jeswani residence. Antonie Robertson / The National
  • A wall feature in the Emirates Hills property. Antonie Robertson / The National
    A wall feature in the Emirates Hills property. Antonie Robertson / The National
  • The Jeswanis wanted the overall look of their home to be 'chic and modern'. Antonie Robertson / The National
    The Jeswanis wanted the overall look of their home to be 'chic and modern'. Antonie Robertson / The National
  • The couple enlisted the help of interior designer Badal Bavaria to bring their vision to reality. Antonie Robertson / The National
    The couple enlisted the help of interior designer Badal Bavaria to bring their vision to reality. Antonie Robertson / The National
  • A statue in the property's garden. Antonie Robertson / The National
    A statue in the property's garden. Antonie Robertson / The National
  • A lot of the furniture was sourced from Italian brands. Antonie Robertson / The National
    A lot of the furniture was sourced from Italian brands. Antonie Robertson / The National
  • The living room. Antonie Robertson / The National
    The living room. Antonie Robertson / The National

Inside Manu Jeswani's Dh70 million Dubai home, complete with private nightclub and salon


  • English
  • Arabic

The first thing you notice when you walk up to Manu Jeswani’s imposing four-storey home in Dubai’s Emirates Hills is its name: Sapna. Meaning dream in Hindi, it’s not only the name of Manu’s wife of 38 years, but also a symbolic realisation of all the things they set out to achieve as a couple.

"When we got married, we had nothing, so this home is like a dream come true for us," says Manu, a shareholder in the Landmark Group and one of the group directors of the conglomerate with headquarters in Dubai. He is seated on a Roberto Cavalli-branded sofa in the lounge area on the property's ground floor. A Fendi carpet lies underfoot and above hangs a massive chandelier, one of four that were custom-made by Italian company Vetrart, which is famed for its handcrafted glass designs.

Spread across 28,500 square feet, the five-bedroom Jeswani residence is expansive, considering its only permanent residents are the couple, their son Manish, 34, and a few members of staff. Their daughter Anjali, who is married but lives elsewhere in Dubai, still has a bedroom in the house and visits at least once a week.

The Jeswani family. Antonie Robertson / The National
The Jeswani family. Antonie Robertson / The National

The ground floor is divided into three main open-plan areas: a lounge and bar area, a formal seating area and a formal dining area. Next to the formal dining space is a large kitchen and an additional dining room, which the family uses daily. Two guest bedrooms, complete with walk-in closets, are located close to the foyer on the same floor.

On the first floor is the master bedroom, which overlooks the golf course, a luxurious cinema and Manish and Anjali’s bedrooms. One floor up, you are greeted by a puja room, dedicated to the Hindu deity Ganesha, a fully loaded gym on one side, and a lounge and entertainment space on the other, which also emerges on to an outdoor rooftop area.

The property's piece de resistance, however, sits in the basement, and is unsurprisingly Manish's favourite part of the house. Much of the space is occupied by a full-fledged club, which can host more than 100 people and easily rivals any top nightspot in the UAE. It comes with a decked-up DJ station, and light and sound system with giant multimedia screens. A pool table room and cards room are tucked in a corner. Outside, there's a spa room, salon, cellar and parking space for six cars.

A private nightclub sits in the basement of the house. Antonie Robertson / The National
A private nightclub sits in the basement of the house. Antonie Robertson / The National

An elevator serves each of the floors, while the entire property is monitored through a smart -home system, which can be controlled using a phone. This extends to the lights, including those on the chandeliers, which can be manipulated according to one's mood.

“This is like a resort for us. We don’t have to go anywhere,” Sapna says. “Each space has been utilised perfectly, and I wouldn’t change anything about it.”

Notably, this is not the first "dream home" that the Jeswanis have built. The first one, constructed on the same piece of land, was razed three years ago because, as Sapna puts it, “we wanted a basement. We tried to refurbish the old house, but as we kept modifying, the designer suggested that our money would be better spent just building a new house."

I never imagined I could afford a house like this. Sometimes things turn out better than you plan, and this house is what that is

The Jeswanis bought the 34,000-square-foot plot in Emirates Hills for Dh3.2 million in 2003 and built their first home, then spread across 12,500 square feet, at the cost of Dh10 million. Manu estimates that the new house, which was completed in April this year, would be worth Dh70 million. “But we’re not selling,” he quickly adds. “We put our heart and soul into this."

"And we have no interest in giving it away, for now,” Sapna adds.

The couple, who used to travel frequently before coronavirus restrictions, said they worked closely with interior designer Badal Bavaria to finalise the mood of the house. Bavaria accompanied them on many of their travels to source choice items. When it comes to furniture, Sapna is partial to brands in Italy, where she attended two design fairs along with the interior designer. “You get the latest there and more options,” she says. “We wanted the overall look to be chic and modern, but with subtle colours.”

The chandeliers were custom-made by Italian company Vetrart. Antonie Robertson / The National
The chandeliers were custom-made by Italian company Vetrart. Antonie Robertson / The National

Furnishing the house cost a little more than Dh30 million, including the chandeliers, according to Manu, which cost 25 per cent more than he budgeted for. Nothing from the old house made it to the new one. “Things kept changing as we started decorating and filling up the house. And because we wanted the best, we didn’t want to cut any corners,” he says.

While Manish’s favourite part of the house is the basement, Sapna’s is the puja room. “It’s so peaceful, and I pray there every day. Having that room was very important to me,” she says. Anjali, a fashion designer, says she loves the lounge. “It’s a chilled-out area and I love watching matches here,” she says.

For Manu, it’s the entire house. “The speciality of this house is the height. If you are somewhere with low ceilings, you feel very tired. With the whole house, we wanted to make sure it’s open, with lots of breathing space and very high ceilings,” he says. “Also, the house is large, but it’s cosy. We wanted it to look like a home, not a hotel.”

Before coronavirus-imposed social restrictions, the Jeswanis would entertain at least three times a week. They hope to be able to do that again soon. “You could call us socialites,” Manu laughs.

But beyond that, he says he’s content that the home he now lives in is one that has surpassed anything he once dreamt of.

“When Sapna joined me in Bahrain in 1982, we lived in a rented one-bedroom apartment. Both my children were born in that apartment,” recalls Manu, who began working with the Landmark Group in 1978 as a store manager in Shoemart. “We bought a second-hand car and we didn’t have any help. We didn’t have much, but we were happy.”

The family moved to Dubai in 1990, and Manu has been with the company for more than 40 years. “I never imagined I could afford a house like this. I just wanted to be successful, but how successful, we didn’t have any idea,” he says. “Sometimes things turn out better than you plan, and this house is what that is.”

Racecard

6.35pm: The Madjani Stakes – Group 2 (PA) Dh97,500 (Dirt) 1,900m 

7.10pm: Evidenza – Handicap (TB) Dh87,500 (D) 1,200m 

7.45pm: The Longines Conquest – Maiden (TB) Dh82,500 (D) 2,000m 

8.20: The Longines Elegant – Conditions (TB) Dh82,500 (D) 

8.35pm: The Dubai Creek Mile – Listed (TB) Dh132,500 (D) 1,600m 

9.30pm: Mirdif Stakes – Conditions (TB) Dh120,000 (D) 1,400m 

10.05pm: The Longines Record – Handicap (TB) Dh87,500 (D) 1,900m  

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

'Champions'

Director: Manuel Calvo
Stars: Yassir Al Saggaf and Fatima Al Banawi
Rating: 2/5
 

Visa changes give families fresh hope

Foreign workers can sponsor family members based solely on their income

Male residents employed in the UAE can sponsor immediate family members, such as wife and children, subject to conditions that include a minimum salary of Dh 4,000 or Dh 3,000 plus accommodation.

Attested original marriage certificate, birth certificate of the child, ejari or rental contract, labour contract, salary certificate must be submitted to the government authorised typing centre to complete the sponsorship process

In Abu Dhabi, a woman can sponsor her husband and children if she holds a residence permit stating she is an engineer, teacher, doctor, nurse or any profession related to the medical sector and her monthly salary is at least Dh 10,000 or Dh 8,000 plus accommodation.

In Dubai, if a woman is not employed in the above categories she can get approval to sponsor her family if her monthly salary is more than Dh 10,000 and with a special permission from the Department of Naturalization and Residency Dubai.

To sponsor parents, a worker should earn Dh20,000 or Dh19,000 a month, plus a two-bedroom accommodation