My Own Home takes you inside a reader-owned property to ask how much they paid, why they decided to buy and what they have done with it since moving in
Australian artist Jennifer Stelco has found a deep connection with Dubai's Sustainable City, with plans to live in one of the city's greenest communities for another three decades.
It's where her three children – Dorrit, 8, Vinnie, 6, and Douglas, 5 – were born.
After renting in the area for a few years, she and her English husband, Joe Cooper, who works in HR, decided to take the plunge and buy a four-bedroom villa worth about Dh3.6 million ($980,000) two years ago.
Since then, they’ve made the house their own, filling it with second-hand and custom-made furniture, and turning it into a cosy base they call home.
Their children's school is just a five-minute walk away, they can ride bikes everywhere and, as a further bonus for little ones, the neighbourhood has its own petting zoo.
The National takes a look around.
Please tell us about your home
We had been renting here for five years before we decided to buy our own. All of the villas have the same layout, so while we were renting, I was constantly saying, ‘If I owned one, I would do this, I would do that’.
We don't have a big garden. It's not a huge house, but I think that the layout is really smart. And when you live in The Sustainable City, the whole community is your garden.
Why did you decide to buy?
The community management had this brilliant initiative for residents to buy their own villas a couple of years ago. We jumped at it. If you'd been renting through Diamond Developers [the property developers behind The Sustainable City], they offered a percentage of your rent that you paid so far back towards a deposit on your own house.
A lot of people who lived here were renting and decided to buy. It's been nice watching the community transform, with everybody doing up their houses a little bit. There's a lot more character.
What renovations have you done?
We just did some aesthetic stuff, like add a backsplash, paint the kitchen cupboards and extend it all the way to the ceiling.
We got a huge cabinet made. I love it so much – it was a big game-changer for us. It's got a built-in fridge, power points, loads of storage and drawers and cupboards everywhere.
We got one wall knocked out and added a full-size window, to let in more light. And we converted the balcony into an office.
Now it's just perfect.
We had a big, long list of things that, in an ideal world, we would do, but then we had to budget. I think we spent about Dh150,000, including the garden.
Why did you choose The Sustainable City?
When we first moved here, it was brand-new and empty. It didn't have a school, it had a Zoom and Spill the Bean, and that was it.
But we came for a look around and thought it was magical. I really like the no-traffic policy. At the time, our daughter Dorrit was a little baby and the idea of not having cars around just felt safe.
Now my littlest kid is 5, and they have so much freedom. They can run to their friends’ houses, they can walk themselves to and from Fairgreen International School in five minutes. We mostly ride bikes and we also use go-karts.
One of the things that got me was that there are horses. There's a stable and a bridal path, and I like the idea of horses being around. I also love the little zoo, with donkeys, goats and chickens.
In Dubai, you don't get a lot of greenery or nature, especially in new, developed places, but here it feels almost like an overgrown path.
What facilities do you have access to?
We've got two nice swimming pools. We've got a gym. The plaza is nice and has a few restaurants. There are a lot of after-school sports clubs here as well – there’s a football and swimming academy, plus a triathlon club.
I've been in this close-knit ladies’ Sustainable City book club for about six years, and they've all become my best friends.
There's a field with a tennis court and a football pitch. In January every year, they host a big horse show, which is fun. And a lot of flea markets.
There's also a really good yoga studio called Crimson Chambers.
What is your interior style like?
Pretty much everything in my house is second-hand or custom-made, mostly from Dubizzle and Facebook Marketplace. I love a bargain, and I'm big on sustainability as well. I can't stand buying something new and having all of this packaging and just knowing that I've added to the mess.
I love my dining room table. It's nothing special, but it's an eight-seater wooden dining table that we bought on Dubizzle 12 years ago for Dh200. I always thought I'll get a good one, one day, but it has become my favourite thing. It has cup marks and scratches all over it, but we've had all of our family dinners here, and the kids are always doing crafts and homework and stuff around it.
The house is also very art heavy, because I’m an artist, but I’ve got some really nice pieces that I didn’t make that I’ve collected over time.
When you do up your own house, you do it for yourself. I don't like the idea of keeping it bland, so that I can sell it one day. There is evidence of my family everywhere.
How long do you plan to stay in this house?
The bedrooms aren't huge and when the kids are a bit older and they want their own space. They're just going to have to suck it up, because we're not moving.
Just recently a couple of villa owners got approval to build on the roof, so there's always the potential to put another level on the top if we need to spread ourselves out a little bit more.
We've been in Dubai for 14 years. All our kids were born here. This is very much home, this is where our roots are, this is where we want to settle for quite a long time.
We see ourselves here for the next 10 to 20, or even 30, years.
Abdul Jabar Qahraman was meeting supporters in his campaign office in the southern Afghan province of Helmand when a bomb hidden under a sofa exploded on Wednesday.
The blast in the provincial capital Lashkar Gah killed the Afghan election candidate and at least another three people, Interior Minister Wais Ahmad Barmak told reporters. Another three were wounded, while three suspects were detained, he said.
The Taliban – which controls much of Helmand and has vowed to disrupt the October 20 parliamentary elections – claimed responsibility for the attack.
Mr Qahraman was at least the 10th candidate killed so far during the campaign season, and the second from Lashkar Gah this month. Another candidate, Saleh Mohammad Asikzai, was among eight people killed in a suicide attack last week. Most of the slain candidates were murdered in targeted assassinations, including Avtar Singh Khalsa, the first Afghan Sikh to run for the lower house of the parliament.
The same week the Taliban warned candidates to withdraw from the elections. On Wednesday the group issued fresh warnings, calling on educational workers to stop schools from being used as polling centres.
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Analysis
Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more
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.”
PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
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Monster Hunter: World
Capcom
PlayStation 4, Xbox One
Learn more about Qasr Al Hosn
In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 201hp at 5,200rpm
Torque: 320Nm at 1,750-4,000rpm
Transmission: 6-speed auto
Fuel consumption: 8.7L/100km
Price: Dh133,900
On sale: now
In The Heights
Directed by: Jon M. Chu
Stars: Anthony Ramos, Lin-Manual Miranda
Rating: ****
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Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
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Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
THE SPECS
Cadillac XT6 2020 Premium Luxury
Engine: 3.6L V-6
Transmission: nine-speed automatic
Power: 310hp
Torque: 367Nm
Price: Dh280,000