• Jack Sellers owns a five-bedroom flat in Dubai Marina, which he shares with four other people. All photos: Antonie Robertson / The National
    Jack Sellers owns a five-bedroom flat in Dubai Marina, which he shares with four other people. All photos: Antonie Robertson / The National
  • Mr Sellers moved to the UAE in 2021 and started online property valuation company YallaValue, which he modelled on the UK's Zoopla
    Mr Sellers moved to the UAE in 2021 and started online property valuation company YallaValue, which he modelled on the UK's Zoopla
  • The view from Mr Sellers' home
    The view from Mr Sellers' home
  • The kitchen and dining space
    The kitchen and dining space
  • One of five bedrooms
    One of five bedrooms
  • Another of the bedrooms
    Another of the bedrooms
  • The balcony
    The balcony
  • Mr Sellers likes being able to walk everywhere in Dubai Marina
    Mr Sellers likes being able to walk everywhere in Dubai Marina
  • Another bedroom
    Another bedroom
  • Mr Sellers with the sixth resident of the flat
    Mr Sellers with the sixth resident of the flat

My Own Home: Bachelor turns Dh2.35 million Dubai Marina flat into a co-living space


  • English
  • Arabic

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

Entrepreneur Jack Sellers, 32, moved to the UAE from London in 2021 with a plan to invest in property.

The founder of YallaValue, a digital property valuation platform, grew up in neighbouring Bahrain, so the move to Dubai felt natural to him.

When he bought his three-bedroom flat in Marina Sail Tower, in Dubai Marina, for Dh2.35 million back in 2022, it was purely for investment purposes. He added two bedrooms and planned to rent it out to five tenants.

But after a gruelling renovation that set him back 10 per cent of the property value, he decided to take the master bedroom for himself – and he couldn’t be happier.

The National takes a look around.

Please tell us about your home

I basically bought a big three-bedroom flat in the Marina that had the potential to be turned into five rooms. I made the calculation that that would make it worthwhile for me and keep the bills paid.

The vibe is like a young professional co-living space in a modern, minimalist setting.

I removed all the designs from before, painted all the walls, redid the floors. I picked people that I thought would get along with each other, and so there's always a friendly vibe.

The residents often congregate in the kitchen area. Antonie Robertson / The National
The residents often congregate in the kitchen area. Antonie Robertson / The National

Everyone's doing their own thing, everyone's got their own lives, their own jobs, but we still enjoy spending time together as a flat and congregating in the kitchen.

How much did you buy it for?

I moved to the UAE in 2021 and bought the flat in March 2022 for Dh2.35 million.

I own a property valuations platform and the estimate it gives now is around Dh2.8 million. And I think that's pretty conservative. I'd say anywhere between Dh2.8 million and Dh3 million right now.

The thing is, there are not many people who want to buy a five-bed. There are a lot of people who want to buy a three-bed with a living room. If I were to sell it, I'd probably have to convert the living room back.

What renovations have you done?

Initially I wasn't planning to live here. I was literally just going to buy it, do it up and go live somewhere else. But I made it the way that I wanted it, so at the end I felt like I had to live here now. I didn’t want to go and rent something that I don't really like when there's something that I designed.

The living room was transformed into two extra bedrooms. Antonie Robertson / The National
The living room was transformed into two extra bedrooms. Antonie Robertson / The National

The renovation process was quite stressful, because it was a big job. And I'd never done anything like this before. This was my first renovation.

We knocked down walls, put up new ones, repainted the rooms, split the AC across the two new rooms so each room had their own separate controls.

We also redid the kitchen and added a new bathroom, redid all the other bathrooms, pulled out all the bathtubs and put in showers.

I was going to leave the original tiles to save money, but at the last minute I saw a picture of some herringbone floors and thought, ‘I’ve got to do that’. It finished it off really nicely, so I’m really glad I did that.

How much did you spend on renovations?

The renovation was about Dh200,000. When I went into it, again, it was purely for investment. At the time, I said to myself, I would be willing to spend up to 10 per cent of the property value on renovating it.

That was just an arbitrary number, but it was something to stick to. And I did.

It meant being smart about all of the individual, little things, looking for alternatives. If I hadn't have had that figure in mind from the beginning, then I would have spent a lot more.

Why did you decide to buy?

I was in London, then during the second Covid-19 lockdown, I had just had enough. I grew up in Bahrain, so coming to Dubai was like coming home.

I felt like I had kind of done everything I wanted to do in the UK, and I wanted something else. I had some money that I'd set aside to put into property, and I just knew that I didn't want to do that in the UK. Dubai was the obvious choice, really.

Why did you choose Dubai Marina?

Jack Sellers said he didn't consider living anywhere other than Dubai Marina. Antonie Robertson / The National
Jack Sellers said he didn't consider living anywhere other than Dubai Marina. Antonie Robertson / The National

It was obvious to me before I even came. I can't think of anywhere better in Dubai. I've never felt Downtown. It's nice to look at Burj Khalifa, but that's assuming you've got a flat that does, as those flats are expensive.

I do a lot of walking as well, and being 10 minutes from the beach, sitting here now and looking at the boats – nothing compares to the Marina, in my view.

What facilities do you have access to?

We've got a gym and we've got a pool. The gym is small, so I don’t use it, but the pool has a lot of potential, it’s just a bit old.

I'm on the board of the building and I've battled very hard to try to make changes in the building. It takes time, but we're getting there.

How long do you plan to own this property for?

The long term. I really love it. I like just being able to sit here and see the boats. It's a very bright flat. Even though the living room is two bedrooms, I redid the kitchen so that all the light is still coming into the flat.

It just has a very nice vibe.

At some point in the future, would I turn the living room back into the living room? Yeah, potentially. But it works for now.

Citizenship-by-investment programmes

United Kingdom

The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).

All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.

The Caribbean

Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport. 

Portugal

The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.

“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.

Greece

The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.

Spain

The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.

Cyprus

Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.

Malta

The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.

The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.

Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.

Egypt 

A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.

Source: Citizenship Invest and Aqua Properties

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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

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PROFILE BOX

Company name: Overwrite.ai

Founder: Ayman Alashkar

Started: Established in 2020

Based: Dubai International Financial Centre, Dubai

Sector: PropTech

Initial investment: Self-funded by founder

Funding stage: Seed funding, in talks with angel investors

Results:

5pm: Conditions (PA) Dh80,000 1,400m | Winner: AF Tahoonah, Richard Mullen (jockey), Ernst Oertel (trainer)

5.30pm: Handicap (TB) Dh90,000 1,400m | Winner: Ajwad, Gerald Avranche, Rashed Bouresly

6pm: Maiden (PA) Dh80,000 1,600m | Winner: RB Lam Tara, Fabrice Veron, Eric Lemartinel

6.30pm: Handicap (PA) Dh80,000 1,600m | Winner: Duc De Faust, Szczepan Mazur, Younis Al Kalbani

7pm: Wathba Stallions Cup (PA) Dh70,000 2,200m | Winner: Shareef KB, Fabrice Veron, Ernst Oertel

7.30pm: Handicap (PA) Dh90,000 1,500m | Winner: Bainoona, Pat Cosgrave, Eric Lemartinel

Directed by: Craig Gillespie

Starring: Emma Stone, Emma Thompson, Joel Fry

4/5

The%C2%A0specs%20
%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E6-cylinder%2C%204.8-litre%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E5-speed%20automatic%20and%20manual%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E280%20brake%20horsepower%20%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E451Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh153%2C00%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

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Updated: October 02, 2024, 4:45 AM