• Stephanie Farah owns a three-bedroom villa in Springs 10. All photos: Chris Whiteoak / The National
    Stephanie Farah owns a three-bedroom villa in Springs 10. All photos: Chris Whiteoak / The National
  • The living room and dining area
    The living room and dining area
  • The kitchen
    The kitchen
  • The garden
    The garden
  • The master bedroom
    The master bedroom
  • The spare bedroom
    The spare bedroom
  • The guest bathroom
    The guest bathroom
  • The master ensuite bathroom
    The master ensuite bathroom
  • The balcony
    The balcony
  • Furniture in the home is from Marina Home, Pottery Barn and Wood & Steel
    Furniture in the home is from Marina Home, Pottery Barn and Wood & Steel
  • She uses large mirrors and increased the ceiling height in order to make the space look bigger
    She uses large mirrors and increased the ceiling height in order to make the space look bigger
  • The stairs have a glass bannister
    The stairs have a glass bannister
  • The third bedroom has been turned into a walk-in closet
    The third bedroom has been turned into a walk-in closet
  • Stephanie Farah owns a PR agency and interior upgrade company
    Stephanie Farah owns a PR agency and interior upgrade company

My Own Home: Dubai entrepreneur refuses to sell Springs villa despite high offers


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Stephanie Farah recently finished renovating her three-bedroom Springs 10 home in Dubai, which she bought in 2022 for Dh2.65 million.

The entrepreneur, who owns a PR agency and interior-upgrade company specialising in architectural wrapping and 3D stickers, transformed the villa, extending the floor space, increasing the height of the ceilings and installing a fireplace.

She also turned the third bedroom into a walk-in wardrobe.

But despite the fact she is getting offers of up to Dh4.8 million almost every day for the house, she doesn't want to sell, describing it as her haven of calm within her busy life.

The National takes a tour.

Please tell us about your home

The style I chose for the interiors is modern farmhouse. That's just the style that suits my personality the most. I love the calm elements, the different colours that are more natural. I've got a lot of wood in the house. I've got a lot of bright whites.

It also has the right amount of lighting. I'm very into afternoon lighting and not having a dark living room.

I got very lucky with the home I eventually found.

How did you decide on your renovations?

During Covid, I learnt how to design using a program called Planner 5D. It's basically a program for people who have no idea how to do renders or bespoke designs. It's very basic, but allowed me to have a 3D render of what the space could potentially be.

This was easier for my contractor to envision it with me and go ahead and execute my inspiration.

How did you renovate the downstairs?

The entranceway was extended to make better use of the available space. Chris Whiteoak / The National
The entranceway was extended to make better use of the available space. Chris Whiteoak / The National

The entranceway used to be outdoors. We extended this area and broke down the wall next to the front door to add a glass banister and give it a little bit more of an open-space concept.

I extended the kitchen by about two metres, where there used to be a patio. I created a pantry and installed a hidden sliding door. This is where I keep my fridge and goodies.

I didn't want to have any cabinets, so I went for open shelves. I chose Italian marble. This is real marble, which I wish I didn't do because it stains so easily, but I wanted something to stand out in the kitchen.

I also created a window in the kitchen. Some people just have one small square window, but I created the arch look. Then that window fully opens up. This entire living room has an open-door concept, which is beautiful. When it rains, it's insane.

I also built a real fireplace. It's an ethanol fireplace, which is super easy to light. When you're watching TV, you've just got the fireplace running, it's really nice and very cosy.

What did you change upstairs?

Stephanie Farah installed a standalone bath in the guest bathroom with herringbone tile design. Chris Whiteoak / The National
Stephanie Farah installed a standalone bath in the guest bathroom with herringbone tile design. Chris Whiteoak / The National

I extended the bathroom a little bit in the master bedroom. I knocked down a massive wall that was separating the basins from the bath or what was originally a bathtub. I made it a rainfall shower. Again, I use a lot of natural elements: marble countertops, oak wood for the cabinets, and a beautiful herringbone tile for the shower.

I did a lot of cove lighting and beautiful spotlights so I can choose different lighting, depending on my mood.

There was also a huge change in the guest bathroom. Again, there was a wall dividing the sink, the toilet and shower. I broke that down and added a really big bathtub in there. There's also a rainfall shower feature, so you can stand in the bathtub to utilise the rain shower.

What about the garden?

Ms Farah was inspired by Bali when designing her garden area. Chris Whiteoak / The National
Ms Farah was inspired by Bali when designing her garden area. Chris Whiteoak / The National

I went for a Bali-esque look in the garden. I painted the walls a very muted beige. I built a little pergola. I designed my own tiles for the barbecue area. They're from Mosaico.

How much did all this cost?

About Dh400,000, although I was initially getting quotes for like Dh700,000 to Dh800,000.

What did you learn while renovating?

Choose a design that's going to appeal to a wider audience versus your own taste. I've walked into Springs villas that were renovated, but it was hideous. Then they'll call it a fully renovated home and try and sell it for an extortionate amount. That makes no sense because nobody is buying it.

Also, continuously go to the site, because you're able to really push your contractors to finish faster, but also make sure the quality of work and craftsmanship is there.

How long do you see yourself living here?

Another two years or three years. I'm very attached to it. I just can't see myself moving out anytime soon.

I've been getting offers left, right and centre on this house. But the more offers I get, the more I don't want to let go of it.

It's the perfect location for me from the office, from everything in Dubai, it is just so central. And I hardly ever face traffic.

There's so much around, like the community malls and then you've got Warehouse gym around the corner.

This is just the perfect space.

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Our legal consultant

Name: Dr Hassan Mohsen Elhais

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

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Updated: April 18, 2024, 2:56 AM