The rear lines of the MP4-12C Spider, especially with the roof stowed, make the car look longer and, arguably, more dramatic than the coupé it's based on. Courtesy McLaren Automotive
The rear lines of the MP4-12C Spider, especially with the roof stowed, make the car look longer and, arguably, more dramatic than the coupé it's based on. Courtesy McLaren Automotive

McLaren's incredible MP4-12C just got even better by losing its roof



For 50 years, McLaren's bread-and-butter business has been making cars without roofs, so it was hardly a surprise that the job of lopping the top off the MP4-12C coupé has been done so incredibly well that it will give anyone in the market for a rear-mid-engined V8 exotic a real headache. Because - and let's make no bones about this - McLaren is in direct, fierce competition with the Prancing Horse, both on and off the F1 circuit. As such, it seems that every part of the MP4-12C Spider has been bred to be just a little bit better than its rival, the exquisite Ferrari 458 Spider.

In fact, one of the first points that Mark Harrison, the regional director for McLaren's Middle East and Africa operations, was keen to make was about the roof of the Spider. In a spectacular show of engineering and, dare I say it, one-upmanship, the boffins at McLaren have developed a two-piece retractable hardtop that not only still allows the 3.8L V8, twin turbo power plant to show off its wares through a Perspex engine cover, but can also be operated at speeds up to 48kph - two things its Maranello rival cannot do. Equally, thanks to its unique carbon "monocell" tub design, the MP4-12C Spider has only achieved a positively anorexic 40 kilogram weight gain.

Adding further insult to its rival's injury, the company is offering a bespoke luggage set that fits right inside the empty 52-litre cavity when the roof is in place. It ships as standard with every car and you might need it too, as there is very little storage space in the actual cabin. As if it matters at this level, it also rolls off the forecourt for slightly less money than the Italian stallion.

Glinting in the sunlit car park of the Hatta Fort, in a range of colour schemes from the sedate to the screamy, the McSpider is an extremely good-looking car. With similar, but slightly more pronounced, roll-safe buttresses than those on the 458, framing the 625hp M838T engine, the MP4-12C Spider is far more visually dramatic than the coupé. It almost looks longer. McLaren has even managed to maintain its dihedral door arrangement, a slight poke, perhaps, at the obvious inability of Mercedes to attach its iconic gull wing to the SLS Convertible. The big Mac, it seems, is not content with just turning Italian stallions into Tesco burgers, but wants to make mincemeat out of all of its droptop rivals.

I press the brake and prod the start button. The engine whirrs into life and the car feels alive. As the epic V8 behind my head idles, almost growling with its low, rumbling timbre, the high-pitched whine of the twin turbos almost makes the Spider seem as if it is breathing. Even more so when you put your foot to the carpet, let the thing redline before easing off the throttle and just let the engine wind itself down. It's captivating stuff.

Despite driving the coupé about a year ago at Yas Island and loving the way it handled, the power delivery, the clever pre-cog gear changes and all of the science behind the car, I still left the track feeling it was a bit too clinical; very much a driver's car, but lacking that skittish playfulness you often get with its Italian rivals.

But now, under a flawless Hatta sky, with rangy, sweeping bends and beautiful, long, straight roads and, perhaps more importantly, without a roof, the McLaren has become something far more visceral.

As in its design, the performance of the car is understated; there is none of the supercar brutality as you imperceptibly shift up the seven-speed twin-clutch, Graziano-developed SSG gearbox, and under braking there is little or no fuss and not a single hint of oversteer in tight corners - unless, of course, you want there to be. But even then it feels controlled. This is in no small part down to a raft of F1-inspired electronics and the same double wishbone suspension that can be found in its coupé stablemate, with its hydraulically linked adaptive dampers meaning that, even in the hardest of the car's settings, the ride quality and handling is nigh on perfect.

For that reason, the car remains exciting but feels utterly unflappable, almost like I am driving in a specially designed "hero mode", guaranteed to make me feel like Jenson Button behind the wheel, but without the possibility of imminent death.

When I do give the car its steam, turbo lag is non-existent and there are vast reserves of power just waiting for a lead foot to set it loose, so there is never that embarrassing moment where you stutter into a roundabout, gaping with fear at the four speeding Land Cruisers that suddenly appear from the left and wait for the power to kick in. Pedal it and it goes - all too easily past 200kph - without even breaking a sweat, and the driver barely noticing the needle ticking to the second half of the speedometer.

With just the right amount of feedback, the immense road holding and, of course, the V8 choir singing out behind me, I couldn't think of a better place to be than in the cabin of this car. It is luxuriously well appointed and you can feel the quality of the manufacturing in every surface, but most importantly it is incredibly comfortable for a car in this category. Except once you hit the motorway with the roof down.

On open, twisty, mountain roads, the drop-top option is incredible but, despite the best efforts of McLaren, I experience considerable buffeting on the motorway approach to Dubai. However, once that roof goes up (in about 17 seconds), you are as cosseted as you would be in the coupé. But that also includes being isolated from the V8's heady aural pleasures.

To counter this, a simple, rear glass window that doubles as a wind deflector can be lowered at the touch of a button. Do so when the roof is up and the full spectrum of firing pistons, whooshing turbos and hissing waste gates fills the cabin to offer the sonic entertainment but without the unsolicited exfoliating facial provided by the dusty desert wind. The company has also developed a somewhat gimmicky "Intake Sound Generator" that enhances the engine noise in the cabin to levels set by the driver, with nuances further based on the three driving modes: Normal, Sport and Track.

There are other tweaks and additions from the coupé, too, such as new cosmetic options that include a greater choice of wheel designs, some flashy new colour schemes and an entirely new line of interior materials. It also benefits from more technical improvements, chief among them being a newly remapped performance package that, among other things, squeezes the power of an additional 25hp out of the engine and offers even sharper responsiveness from the gearbox. It's the same package that is being rolled out in the 2013 iteration of the coupé and, remarkably, for free to existing customers whose cars were built before the update.

When you see videos on YouTube of Chinese billionaires smashing up their Gallardos with gay abandon and heavy sledgehammers because they are upset at the way a simple door handle issue has been mismanaged by the local dealership, and then McLaren comes along with its almost fanatical perfectionism and offers this kind of customer service, it does more than just muddy the waters of the buyer's purchasing decisions.

Add to that the fact that the McLaren is a comfortable, reasonably practical, yet still thrilling car capable of everyday use, if you are in the market for a mid-engined V8 rocket, you'll definitely be reaching for the Panadol. There is, after all, a number of options available to you and they're all to be recommended on some level or other.

And I sympathise with anyone trying to make up their mind, because if someone had asked me 12 months ago which car in this class I would sell my right kidney to afford, with scalpel in hand I would have already chosen the Rosso Corsa paintwork and purchased the branded-PUMA driving shoes. But, because the MP4-12C Spider makes such a compelling argument for buying British, and offers such a completely different, yet no less exciting, driving experience, I am left wondering: how much would I get if I sold everything I could lay my hands on? Right here, right now, this McLaren gets my vote - it's potentially the most complete, most desirable car available anywhere, at any price.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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.”

How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year