Abu Dhabi played host to the latest Casa Ferrari event this week, a display of both modern and classic supercars at Yas Links.
In a glitzy showing, the fleet of expensive automotive metal featured the SF90 XX Stradale as its centrepiece – a vehicle making its debut in the region.
It is the most powerful Ferrari road car ever produced, with a combined power output of 1,000 horsepower and a top-end speed of 350kph. Power comes from a 3-litre twin-turbo V8 engine with three electric motors.
The SF90 XX Stradale’s run is limited to 799 units, with an as-yet-unconfirmed local price tag. Expect that to be a seven-figure sum in dirhams though.
It’s one for the Ferraristi only, however, as you’ll have to be one of the brand’s most loyal customers to buy one.
Among the new offerings on show, the classic Ferraris gained plenty of attention at the event, which took place in the shadows of Yas Marina Circuit.
The display featured vintage Testarossas, Dinos, F40s and Daytonas from golden eras of the Prancing Horse brand.
It wasn’t just those in attendance who got to see a few flashy rides though – before the event opened its doors, 210 Ferraris took to the roads in a mass parade, starting from Al Tayer showroom in Dubai and ending in Abu Dhabi, in what surely must be one of the most expensive groupings ever to hit the tarmac.
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
More from Neighbourhood Watch:
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
FIXTURES
Nov 04-05: v Western Australia XI, Perth
Nov 08-11: v Cricket Australia XI, Adelaide
Nov 15-18 v Cricket Australia XI, Townsville (d/n)
Nov 23-27: 1ST TEST v AUSTRALIA, Brisbane
Dec 02-06: 2ND TEST v AUSTRALIA, Adelaide (d/n)
Dec 09-10: v Cricket Australia XI, Perth
Dec 14-18: 3RD TEST v AUSTRALIA, Perth
Dec 26-30 4TH TEST v AUSTRALIA, Melbourne
Jan 04-08: 5TH TEST v AUSTRALIA, Sydney
Note: d/n = day/night
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
Mohammed bin Zayed Majlis
