The complex includes stand-alone, semi-detached and terraced models. Rich-Joseph Facun / The National
The complex includes stand-alone, semi-detached and terraced models. Rich-Joseph Facun / The National

New luxury family living in The Hills Abu Dhabi



Property

A new compound of 147 villas, all five-bedroom properties and in four different designs. There are stand-alone, semi-detached and terraced models. The Hills is opposite the Officers Club on Abu Dhabi island. The compound is accessed from Khaleej al Arabi Street and is close to Musaffah Bridge.

Price

Rents range from Dh300,000 to Dh1 million. Annual maintenance has not been agreed upon yet and may attract an additional charge.

Key features

From the gated entrance, The Hills has wide streets and landscaped roundabouts, lawns, children's play areas and manicured verges. Wooden gazebos provide shade in the compound's communal areas.

In the main compound, the villas all have wide entrance gates that lead down a ramp into a parking area under the property, where there is space for several cars.

Each villa is spread over three levels with separate maid's and driver's rooms, laundry and storage areas and a guest bedroom with en suite bathroom on the ground level. The middle level has a reception area, kitchen, lounge and dining room, as well as a second sitting room with a double-height ceiling. There is a veranda that leads off the lounge/dining room and a spiral metal staircase leads down into the garden. The third level is light and bright and has four bedrooms, two of which are en suite. There is one family bathroom.

Twenty-one of the villas have private swimming pools. There is also a health complex with a pool.

Adjacent to the main compound are 17 luxury properties with direct beach access. These can be accessed from the main compound or from a second gated entrance. These villas have a large entrance hall, two reception rooms, a study, dining area and kitchen. On the first floor, all bedrooms are en suite.

They say

The Green Emirates Properties chief executive officer, Jasim al Ali, said on completion of the building works: "Hills Abu Dhabi will set another benchmark in the region. The Hills Abu Dhabi provides residents with the best in lifestyle and community living to match the ongoing rising demand for unique and exclusive luxury communities."

We say

This new development oozes luxury living. The villas appear very grand and the attention to detail on the outside and the garden areas is exquisite. Inside, the range of tiles, ornate wrought iron balustrade and fittings were clearly selected for their high quality. The show home, with a sea view, is bright and airy. The balcony from the lounge would be a lovely place to put patio furniture and to while away days in the cooler weather. The walled garden is a good size and those with pools still have plenty of space for a patio and for children to play.

The villas with private beach access are beautiful, modern family homes. With plenty of space and light as well as high-quality fixtures and fittings, they were designed to be unique and sought-after homes for high-flying executives and their families.

Pluses

No matter what type or size of property you are looking for "location, location, location" is the mantra for finding the right place. The Hills is in a premier spot. Still on Abu Dhabi island yet with easy access off the island via Musaffah Bridge or Sheikh Zayed Bridge, it makes getting out of the city quick and easy. From Khaleej al Arabi Street the drive into town is mercifully traffic-signal-free until Al Saada Street and, again, quick and easy.

In all villa types, the rooms are well proportioned and the windows flood the indoors with light. The bedrooms have lots of built-in storage space and the en suite bathrooms are all a good size.

Minuses

One row of villas in the compound backs onto Khaleej al Arabi Street, so noise throughout the day and night could be a problem if you are in the garden. They do, however, have a stunning view of Sheikh Zayed Grand Mosque.

One niggle is the kitchen. With two doors, one leading to the entrance hall and the other to the dining room, it appears small for the size of the house. There are built-in cupboards and spaces for a dishwasher, oven and refrigerator. However, these spaces are only for average-sized appliances, not a double-door refrigerator or range-style double oven.

Also, as aesthetically pleasing as it is to hide cars under the villas, it means that if you drive in and park, you have to enter the property through the back door and walk up the stairs to the main living area. Packing for holidays or carrying shopping or sleeping babies into the house could feel like a lot of unnecessary work.

The spiral staircase has a softening effect against the villas' boxy design and adds interest. However, particularly with young children or older family members, they are not always the easiest stairs to go up and down.

Verdict

As the cooling sea breezes blow over The Hills, there is more than an air of luxury about the compound. The impressive size of the villas would give a family a great living space and quality of life.

The compound's common areas are clearly designed to encourage a sense of community outside the high walls of the villas. This new development is set to become a place that people aspire to live in. Its location is guaranteed to make it a new landmark in the capital.

For enquiries call 02 642 9875 or 056 659 9193 or visit www.mduae.net

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

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.”

'Gold'

Director:Anthony Hayes

Stars:Zaf Efron, Anthony Hayes

Rating:3/5

Ferrari
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if you go

The flights

Emirates offer flights to Buenos Aires from Dubai, via Rio De Janeiro from around Dh6,300. emirates.com

Seeing the games

Tangol sell experiences across South America and generally have good access to tickets for most of the big teams in Buenos Aires: Boca Juniors, River Plate, and Independiente. Prices from Dh550 and include pick up and drop off from your hotel in the city. tangol.com

 

Staying there

Tangol will pick up tourists from any hotel in Buenos Aires, but after the intensity of the game, the Faena makes for tranquil, upmarket accommodation. Doubles from Dh1,110. faena.com