Ali Khalifa, founder You Better Fly
Ali Khalifa, founder You Better Fly
Ali Khalifa, founder You Better Fly
Ali Khalifa, founder You Better Fly

How Ali Khalifeh is boosting Dubai's 'sneakerhead' community, even in the pandemic


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Holy grail. That’s the term used by “sneakerheads” to describe their all-time list of most coveted trainers. The impossible-to-get-hold-of ones, with the eye-watering price tags. Every collector has their own holy grail and, once obtained, the shoes are guarded closely. Usually.

Ali Khalifeh, the man behind youbetterfly, which opened in Dubai in 2018 and resells trainers, comes at things a little differently. For example, for the recent launch of the youbetterfly space within That Concept Store in Dubai’s Mall of the Emirates, Khalifeh turned his most precious trainers into a decorative wall feature. “It was like going into an art gallery, but for sneakers,” he explains. “Because that’s how I look at it, personally.

Youbetterfly at That Concept Store in Mall of the Emirates. Photo: youbetterfly
Youbetterfly at That Concept Store in Mall of the Emirates. Photo: youbetterfly

“We saw it as a good opportunity,” Khalifeh says of the tie-up with That Concept Store. “It’s a beautiful space, where you can shop, eat, grab a coffee, have a meeting and do sport. You can do everything in one space and, for us, sneakers are part of who you are.

"But we wanted to do it in a unique way. You can’t go into a sneakers store and see a pair of Jordan 1987s or Yeezy Red Octobers; it’s not a regular thing to see. We wanted it to be a mix of streetwear and in-demand sneakers and the Vault, sneakers that have a story or history behind them.”

Trainers may now be mainstream and created by luxury brands such as Prada, Louis Vuitton and Dior, but not that long ago, they were the reserve of sports players, clubbers and skateboarders. For collectors such as Khalifeh, they have exerted a magnetic pull since 1985, when basketball player Michael Jordan teamed up with Nike to create his own line.

Ali Khalifeh bought his first pair of Jordans in 1997. Photo: youbetterfly
Ali Khalifeh bought his first pair of Jordans in 1997. Photo: youbetterfly

“I really started at a young age, watching NBA back in Lebanon, seeing Michael Jordan and hearing reporters talking about his shoes,” Khalifeh says. “In 1997, I got my first Jordans. I literally begged my parents to get them, and every year I would only get one pair of shoes. I used to wear them to every single event, even weddings. And people would ask: ‘What are you doing?’ But it’s me.”

Having studied computer science, Khalifeh relocated to Dubai. Once in the UAE, he dedicated himself to bolstering his shoe collection. “At one point, I had 150 pairs. I literally spent my entire salary and bonus on buying sneakers.”

Acquiring the latest kicks and owning the best streetwear became more than just a hobby for Khalifeh. Realising it was a passion that ran through his veins, he took the plunge, quit his job and founded youbetterfly. Khalifeh knew it would be more than simply a shop, but a way to bring the collecting community together.

“I thought, why not? Let’s try this because there is no outlet for sneakerheads.” At first, he sold off parts of his own collection (“it didn’t feel that bad,” he admits). But were there any that he later regretted getting rid of? Red Octobers, he says. “But then I got them back.”

Some of the trainers offered by youbetterfly. Photo: youbetterfly
Some of the trainers offered by youbetterfly. Photo: youbetterfly

Created by musician and fashion designer Kanye West, Red Octobers are widely accepted as a must-have for every serious collector, and were launched in 2014 via West’s Twitter account. After the launch of two other Nike Air Yeezy 2s, the Red Octobers were released without warning and had a limited run. They have been highly sought after ever since.

“My first bonus ever, I spent on Red Octobers,” Khalifeh says, laughing. “And I have flipped this pair something like four times. If I got a good price, I’d say, I will sell. And once I sold them, I’d look at my collection and think, I wish I had the Red Octobers and if I get a good deal I will buy them again. But this time, I am never going to get rid of them. I am keeping them in my collection.”

There are a few other pairs that he has also vowed to hang on to. “I have a signed pair by Kanye West from his Yeezy tour, and it’s crazy how they ended up in Dubai. There is a video of West signing them. Someone threw them on stage, he grabbed them and signed them. Now they are here, in my collection with a certificate of authentication and the video for proof. Then I have the Mars Yard 2.0 by an artist called Tom Sachs,” he says.

The stuff of legend, the Nike Mars Yard 2.0 are remakes of a 2017 design, made from fabric used by Nasa for the Mars rover, with detailing taken from the Apollo Lunar overshoe. To get hold of a pair, would-be buyers had to complete a Nasa obstacle course, dubbed Space Camp, and then watch an art film by Sachs. Little wonder Khalifeh has no desire to part with them.

“And then I have my first-ever Jordans, the 1997 play-offs. And the Chicago OG ‘85s.” These are another solid investment. At the time of writing, Jordan 1 OG Chicagos (1985) were available on the resale site StockX for $34,000 a pair.

Based on a love of basketball shoes – even Khalifeh’s dog is called Nike – the youbetterfly space is not so much a shop as a warehouse, in a decidedly unfashionable part of Al Quoz. “It’s not a typical space, like in a mall or in a hyped area,” he says. It houses a basketball court and even a graffiti wall, and visitors are encouraged to come and hang out. This human connection is very important, he explains, to keep things authentic.

Youbetterfly at That concept store in Mall of the Emirates. Photo: Youbetterfly
Youbetterfly at That concept store in Mall of the Emirates. Photo: Youbetterfly

“Before I had youbetterfly, I used to camp out to get my sneakers [as soon as they were released in stores]. We used to sleep in the car. It was all about the hustle and nothing beats the feeling of getting that pair at 7am when you’ve stayed awake the whole night.

“So that stays with me in terms of searching for new pairs. I don’t search online, except eBay. It’s a small community, so we know who collects what. If someone is looking for something and I know someone, I put them in touch. Or people know what I love, so [they] send me stuff and I choose what I want. That’s how we do it, through the community and connections.”

Our community is small here in the UAE and we all help each other
Ali Khalifeh

This same notion of creating for others helped Khalifeh to navigate the pandemic. “For the first two or three months we had to shut down the store. Our products are super-niche, so the first few months were really tough,” he admits. Rather than sit around, though, Khalifeh set about remodelling the space.

“I changed the warehouse layout, we grew the space, and we did it in silence. So when the country opened again, our statement was: ‘We never shut down, we just got bigger.’ It was a good way to invite people to come to the warehouse to check it out, as we had a new space for them.

“Our community is small here in the UAE and we all help each other,” Khalifeh says. “So it’s really nice to see the support around you and people reacting to the milestones you achieve.”

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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.”

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

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Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

Stage result

1. Jasper Philipsen (Bel) Alpecin-Fenix 4:42:34

2. Sam Bennett (Irl) Bora-Hansgrohe

3. Elia Viviani (Ita) Ineos Grenadiers

4. Dylan Groenewegen (Ned) BikeExchange-Jayco

5. Emils Liepins (Lat) Trek-Segafredo

6. Arnaud Demare (Fra) Groupama-FDJ

7. Max Kanter (Ger) Movistar Team

8. Olav Kooij (Ned) Jumbo-Visma

9. Tom Devriendt (Bel) Intermarché-Wanty-Gobert Matériaux

10. Pascal Ackermann (Ger) UAE Team Emirate

The bio

Favourite book: The Alchemist by Paulo Coelho

Favourite travel destination: Maldives and south of France

Favourite pastime: Family and friends, meditation, discovering new cuisines

Favourite Movie: Joker (2019). I didn’t like it while I was watching it but then afterwards I loved it. I loved the psychology behind it.

Favourite Author: My father for sure

Favourite Artist: Damien Hurst

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

Updated: October 13, 2021, 5:02 AM