• Ali Srour lives in Hydra Avenue Towers on Reem Island, Abu Dhabi. All photos: Vidhyaa Chandramohan for The National
    Ali Srour lives in Hydra Avenue Towers on Reem Island, Abu Dhabi. All photos: Vidhyaa Chandramohan for The National
  • Mr Srour pays Dh53,000 a year in rent
    Mr Srour pays Dh53,000 a year in rent
  • The swimming pool
    The swimming pool
  • The kitchen in Mr Srour's flat
    The kitchen in Mr Srour's flat
  • The living room area
    The living room area
  • The children's play area
    The children's play area
  • The view from Mr Srour's apartment
    The view from Mr Srour's apartment
  • All amenities are within walking distance
    All amenities are within walking distance

My Abu Dhabi Rent: 'The best thing about this studio is the five-minute walk to work'


Hala Nasar
  • English
  • Arabic

My Abu Dhabi Rent takes you inside a reader's home to have a look at what they pay each month, see who they live with and ask what they like and don't like

When Ali Srour, 27, from Lebanon, moved to Abu Dhabi a few weeks ago, his priority was to find somewhere near his office to ensure a short commute.

He certainly achieved that by renting a studio apartment for Dh53,0000 a year in Reem Island. It is little more than a five-minute walk from his apartment door to his desk in the office.

Mr Srour, who works in investment, says the walk is “a form of meditation”. It also gives him peace of mind, since he does not have to worry about paying Dh400 a month to reserve a parking space at work or pay for petrol.

“I was looking to save myself from spending on those two things, even if the rent is a bit more expensive,” he said. Mr Srour invited The National into his home to see what makes it so special to him.

Why did you decide to live here?

It is very close to my work. I was looking for somewhere around that area. The most ideal, convenient and best apartments that I found were in Abu Dhabi and, considering the price and other factors, I decided to settle in this place. It is around five to seven minutes' walk to my work, which is why I wanted to be here.

Right now, rents overall – whether in Abu Dhabi, Dubai or Sharjah – everywhere in the UAE, are inflated. So it is expensive, I'm not going to deny it. There are more expensive studios in Abu Dhabi and Dubai [that] could reach up to Dh100,000. There is enough value for me to pay this price. For this size [of apartment] it is high, but in comparison to other apartments, it’s a good price.

What do you get for your money?

It comes with typical facilities like a gym and a pool, but the most attractive thing for me is that everything is near me. My work is close by, I have my gym, the supermarkets, the laundry, the barber. That was very convenient for me instead of taking [an apartment] in an isolated place, where you have to go by car everywhere.

Reem Island is popular for its views over the mangroves and the main Abu Dhabi island beyond. Vidhyaa Chandramohan for The National
Reem Island is popular for its views over the mangroves and the main Abu Dhabi island beyond. Vidhyaa Chandramohan for The National

It also has a nice community around it and there's the sea [nearby], I like having a place close by where I could do some walking. There's also a mangrove area where people go kayaking, It’s a very nice place to go down and walk too. All of these [facilities] combined offer a very nice living environment.

What touches have you made to make it feel like home?

I bought some decorations to make the place cosy. I like to have some nature, wallpaper, and pictures hanging on the wall because it freshens up the place.

Of course, there's the typical stuff like the bed, the sofa and TV. Things I can [use to] chill and relax, or have my meal next to the kitchen.

How well do you know your neighbours?

I don’t really get to interact with my neighbours, maybe it's just me. Everyone keeps to their own and I mind my business. I don't know if other people go out of their apartment and see people and start chatting with them. For me it's just [saying] “hi” and “bye”, that's it.

Do you have any plans to live anywhere else anytime soon?

That depends on the circumstances – for example, when I want to renew my rent, if they raise the price or decrease the number of payments, or even if I have to change work location for some reason.

Who knows what happens over a year but these are all factors that could influence me to change the apartment. It's not ideal to move before the end of the contract, otherwise you pay tenant fees. But I like the place and I think I'll be here unless something happens.

Are there any disadvantages?

I would say a downside is definitely the [rent], but this is a trend in the UAE and Al Reem Island. Another one is that the visitor parking is in a different building, and even though there are plenty of parking spots [there], they are paid. The first hour is Dh5 and following that it is Dh10 every hour.

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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

The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

The UN General Assembly President in quotes:

YEMEN: “The developments we have seen are promising. We really hope that the parties are going to respect the agreed ceasefire. I think that the sense of really having the political will to have a peace process is vital. There is a little bit of hope and the role that the UN has played is very important.”

PALESTINE: “There is no easy fix. We need to find the political will and comply with the resolutions that we have agreed upon.”

OMAN: “It is a very important country in our system. They have a very important role to play in terms of the balance and peace process of that particular part of the world, in that their position is neutral. That is why it is very important to have a dialogue with the Omani authorities.”

REFORM OF THE SECURITY COUNCIL: “This is complicated and it requires time. It is dependent on the effort that members want to put into the process. It is a process that has been going on for 25 years. That process is slow but the issue is huge. I really hope we will see some progress during my tenure.”

British Grand Prix free practice times in the third and final session at Silverstone on Saturday (top five):

1. Lewis Hamilton (GBR/Mercedes) 1:28.063 (18 laps)

2. Sebastian Vettel (GER/Ferrari) 1:28.095 (14)

3. Valtteri Bottas (FIN/Mercedes) 1:28.137 (20)

4. Kimi Raikkonen (FIN/Ferrari) 1:28.732 (15)

5. Nico Hulkenberg (GER/Renault)  1:29.480 (14)

The biog

Name: Abeer Al Bah

Born: 1972

Husband: Emirati lawyer Salem Bin Sahoo, since 1992

Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old

Education: BA in Elementary Education, worked for five years in a Dubai school

 

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Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

Updated: October 13, 2024, 1:56 PM