When someone suggests a trip to the Maldives, you'd be forgiven for assuming that between seaplanes, five-star resorts and restaurant monopolies, it would cost a small fortune. But that is a myth. In fact, it is possible to have a budget-friendly break in the tropical island nation. This summer I visited, and five days in paradise cost me less than Dh1,700.
Now, it wasn’t a water villa, butler-on-call, free-flowing-drinks type of holiday, but in or outside a resort, the Maldives still delivers pristine beaches, sensational scuba diving, fresh-from-the-sea dinners and sunsets to die for.
With a budget of Dh1,700, I set about finding a hotel. Instead of going for an all-bells-and-whistles resort, my best friend and I opted for a guest house on a local island called Ukulhas.
As soon as you eschew a fancy hotel for a local island, you cut the vast majority of your Maldives expenses. As it is a Muslim country, only resorts have alcohol licences, so there are no swim-up pool bars to spend your money at. Knowing that we'd be happy spending our days on the beach or in the ocean, picking a guest house on a low-key island worked. Island Home Ukulhas fit the bill perfectly. Set mere metres away from the beach, it seemed almost too good to be true, especially when the Dh680 per person total, for four nights, included all food and soft drinks.
After landing in Male, we took a speedboat to the island. These leave twice a day from the airport for the Alif Alif Atoll. Ukulhas is the second stop.
The boat was one of our bigger splurges on the trip, costing Dh184 each way. There is a cheaper alternative, a four-hour ferry, which travels twice a week and costs Dh18. But the appeal of being on the island in 90 minutes won me over.
As we arrived in the small port, the blue seas, colourful boats and buildings lived up to all of my Maldives expectations. Ukulhas is tiny, about one kilometre long, and a walk around the entire island takes little more than 30 minutes.
It has about 1,000 inhabitants and a handful of small shops. There are also tourist beaches where you can wear swimwear on the sand and in the sea, and our hotel lent out snorkelling equipment free of charge.
My main reason for visiting the Maldives was for the marine life, and those activities often don't come cheap – but we chose to do a manta ray safari for just Dh240. I also went for two dives at the island's own scuba centre, Dive Ukulhas, which cost Dh404, including all equipment and boat fees. This excursion met every expectation possible, and I saw everything from sting rays to lemon sharks, and eels to turtles.
Back at our hotel, we were delighted by the set-up, food-wise. Rather than eating at our six-room property, we were directed to local cafe Celeste's, where we could enjoy breakfast, lunch and dinner included in our room-rate, and stop in for snacks and drinks on a whim.
We ate Maldivian curries or freshly grilled catch of the day – prawns, lobster and tuna were all available – feeling pretty proud that we had managed to budget it all in for the price of one night in a nearby hotel.
Disclaimer: flights aren't factored into this budget. I flew directly to Male with Emirates, which cost Dh2,600, but you can fly Indigo from Dubai via Kochi, India, for Dh1,214. Sorted.
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
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PSA DUBAI WORLD SERIES FINALS LINE-UP
Men’s:
Mohamed El Shorbagy (EGY)
Ali Farag (EGY)
Simon Rosner (GER)
Tarek Momen (EGY)
Miguel Angel Rodriguez (COL)
Gregory Gaultier (FRA)
Karim Abdel Gawad (EGY)
Nick Matthew (ENG)
Women's:
Nour El Sherbini (EGY)
Raneem El Welily (EGY)
Nour El Tayeb (EGY)
Laura Massaro (ENG)
Joelle King (NZE)
Camille Serme (FRA)
Nouran Gohar (EGY)
Sarah-Jane Perry (ENG)
The low down on MPS
What is myofascial pain syndrome?
Myofascial pain syndrome refers to pain and inflammation in the body’s soft tissue. MPS is a chronic condition that affects the fascia (connective tissue that covers the muscles, which develops knots, also known as trigger points).
What are trigger points?
Trigger points are irritable knots in the soft tissue that covers muscle tissue. Through injury or overuse, muscle fibres contract as a reactive and protective measure, creating tension in the form of hard and, palpable nodules. Overuse and sustained posture are the main culprits in developing trigger points.
What is myofascial or trigger-point release?
Releasing these nodules requires a hands-on technique that involves applying gentle sustained pressure to release muscular shortness and tightness. This eliminates restrictions in connective tissue in orderto restore motion and alleviate pain. Therapy balls have proven effective at causing enough commotion in the tissue, prompting the release of these hard knots.
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.”