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
Punam Bijlani, a plastic and reconstructive surgeon at Al Zahra Hospital, received her UAE golden visa in 2021, inspiring her to buy her first property in Dubai.
She hunted for a while but it wasn’t until she found her three-bedroom, ground-floor apartment in Remraam, Dubailand that she truly fell in love with a place.
She’s lived there for three years with her family and her dog Buddy – her elderly mother visits regularly, too – and has no plans to move anywhere else any time soon.
The National looks around.
Tell us about your home
It's a lovely three-bedroom, ground-floor apartment with four bathrooms and a large terrace and all the rooms open on to the terrace. I get up in the morning and I see my mother sitting in the garden having her tea and I absolutely love that.
It also has a lovely, long kitchen. We are Indian, so I was very sure I didn't want an open kitchen, because our cooking is full of our masalas and I didn't want that to come into the living room. Our kitchen has a section for cooking and another area for washing machines, and so on. We also built a closet here for the brooms and other things you don’t want to be seen.
Why did you decide to buy?
In 2021, all doctors were given golden visas, so once that happened, we thought we could put down some money for the house.
Everybody in our house loves a garden, so I went on a hunt for a ground-floor apartment where everything would be at one level, so my mother didn't have to go up and down, and she wouldn't be isolated in a villa. I just stumbled upon this one and it was beyond my expectations.
How much did you buy it for?
We bought it three years ago, just post Covid-19, and the prices had dipped down. We were really lucky. I bought it for exactly Dh1 million ($270,000). I believe they’re going for Dh1.8 million to Dh1.9 million now.
The rents are also unaffordable now. I’m so glad we bought it when we did. We’ve made Dh800,000 in equity straight off.
Why did you choose this neighbourhood?
The community is so beautifully landscaped. My daughter and I, we both run and have a very active lifestyle, so we were sure we wanted a place where we could run, swim, do sports, and so on.
The thing about this community is there’s always some tree, or another, blossoming every month. At this time of year, we have the jasmine tree which blossoms for about a month, so the community is just filled with such a heady fragrance, especially at night.
When we bought it three years ago, it was all quite quiet and then there was this boom of construction, so I think now we will probably be the centre of Dubai as all the activity moves towards the south.
We have Expo very close to us and now the new airport is moving out there. Etihad Rail is almost ready and I believe one of the stops is going to be really close by.
I think it's got the right balance of quiet and access to all of what will be the major landmarks of Dubai.
What do you have access to?
We have two tennis courts, four swimming pools, basketball courts, football courts and a cricket pitch. You have a beautiful running trail here, which is tree-lined and absolutely stunning.
We also have a highly subsidised gym – you just pay Dh50 a month. You can't go wrong.
We have two parking spots, and because we are the ground floor apartment, near the fire escape exit, we just step out and the cars are just behind. It’s like living in a villa, but you still have that community feel.
When my mother's here, she goes for a walk and everybody knows her. There are also lots of dogs in the community. They've given us a dog park. They've created a skating rink for the skateboarding lovers.
There’s also always something or the other going on, especially these six months, because it's a large community, and there are so many different cultures living here, so we have Diwali celebrations, we have Christmas, we have Halloween and now National Day will be another big celebration.
What renovations have you done?
When I first came, I thought it had everything, so we didn't break it down to its bones or anything. We did add some things here and there, like crown moulding and all the doors were wooden brown, so we had all of that painted white to add some more light.
We redid the bathrooms and converted the baths into walk-in showers, and did all the kitchen cabinets, otherwise it was pretty much how we wanted it.
We also did a really nice garden for my mother. There was nothing here at first. In fact, when things started growing, my neighbours got inspired and now they've also grown lovely gardens. We share a gardener and we've got a little garden group.
We’ve put up ghaf trees so they form a nice barricade, as we want that privacy, but we still have the breeze. I’ve grown a lot of bougainvillaea outside, I grow my own basil, we grow curry leaves and turmeric.
How would you describe your interior design style?
It’s eclectic. It’s a bit colonial, with some modern touches. I'm from India, so we do like our wood. And I'm not too much into the new Ikea-style furniture. I like my furniture a little more solid.
I also like cane and rattan and that kind of stuff, so we've added a lot of that in our house. I paint, so my work is also all over the walls.
We just wanted it to be, most importantly, like home. I wanted everyone to come home and feel comfortable, not having to worry that they don't need to touch this or that. I just want friends and family to come and feel welcomed. This is a warm place.
For how long will you live in this property?
I look at other places and say, 'This is the one'. When I saw it, it was love at first sight. Even though the garden and the terrace was empty, I saw the potential. I knew this garden was going to thrive.
My visa is valid until 2031. I haven't thought that far ahead, but we’ll see. For now, the UAE is home.
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Company Profile:
Name: The Protein Bakeshop
Date of start: 2013
Founders: Rashi Chowdhary and Saad Umerani
Based: Dubai
Size, number of employees: 12
Funding/investors: $400,000 (2018)
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THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
THREE
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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.”
WWE Super ShowDown results
Seth Rollins beat Baron Corbin to retain his WWE Universal title
Finn Balor defeated Andrade to stay WWE Intercontinental Championship
Shane McMahon defeated Roman Reigns
Lars Sullivan won by disqualification against Lucha House Party
Randy Orton beats Triple H
Braun Strowman beats Bobby Lashley
Kofi Kingston wins against Dolph Zigggler to retain the WWE World Heavyweight Championship
Mansoor Al Shehail won the 50-man Battle Royal
The Undertaker beat Goldberg
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
ENGLAND SQUAD
Goalkeepers: Jack Butland, Jordan Pickford, Nick Pope
Defenders: John Stones, Harry Maguire, Phil Jones, Kyle Walker, Kieran Trippier, Gary Cahill, Ashley Young, Danny Rose, Trent Alexander-Arnold
Midfielders: Eric Dier, Jordan Henderson, Dele Alli, Jesse Lingard, Raheem Sterling, Ruben Loftus-Cheek, Fabian Delph
Forwards: Harry Kane, Jamie Vardy, Marcus Rashford, Danny Welbeck
UAE SQUAD
Goalkeepers: Ali Khaseif, Fahad Al Dhanhani, Mohammed Al Shamsi, Adel Al Hosani
Defenders: Bandar Al Ahbabi, Shaheen Abdulrahman, Walid Abbas, Mahmoud Khamis, Mohammed Barghash, Khalifa Al Hammadi, Hassan Al Mahrami, Yousef Jaber, Salem Rashid, Mohammed Al Attas, Alhassan Saleh
Midfielders: Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Majed Hassan, Yahya Nader, Ahmed Barman, Abdullah Hamad, Khalfan Mubarak, Khalil Al Hammadi, Tahnoun Al Zaabi, Harib Abdallah, Mohammed Jumah, Yahya Al Ghassani
Forwards: Fabio De Lima, Caio Canedo, Ali Saleh, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri
TEAMS
EUROPE:
Justin Rose, Francesco Molinari, Tyrrell Hatton, Tommy Fleetwood, Jon Rahm, Rory McIlroy, Alex Noren, Thorbjorn Olesen, Paul Casey, Sergio Garcia, Ian Poulter, Henrik Stenson
USA:
Brooks Koepka, Justin Thomas, Dustin Johnson, Patrick Reed, Bubba Watson, Jordan Spieth, Rickie Fowler, Webb Simpson, Tiger Woods, Phil Mickelson, Bryson DeChambeau ( 1 TBC)
The winners
Fiction
- ‘Amreekiya’ by Lena Mahmoud
- ‘As Good As True’ by Cheryl Reid
The Evelyn Shakir Non-Fiction Award
- ‘Syrian and Lebanese Patricios in Sao Paulo’ by Oswaldo Truzzi; translated by Ramon J Stern
- ‘The Sound of Listening’ by Philip Metres
The George Ellenbogen Poetry Award
- ‘Footnotes in the Order of Disappearance’ by Fady Joudah
Children/Young Adult
- ‘I’ve Loved You Since Forever’ by Hoda Kotb
Profile Periscope Media
Founder: Smeetha Ghosh, one co-founder (anonymous)
Launch year: 2020
Employees: four – plans to add another 10 by July 2021
Financing stage: $250,000 bootstrap funding, approaching VC firms this year
Investors: Co-founders
The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 240hp at 5,500rpm
Torque: 390Nm at 3,000rpm
Transmission: eight-speed auto
Price: from Dh122,745
On sale: now
'The Woman in the House Across the Street from the Girl in the Window'
Director:Michael Lehmann
Stars:Kristen Bell
Rating: 1/5
UAE SQUAD
Khalid Essa (Al Ain), Ali Khaseif (Al Jazira), Adel Al Hosani (Sharjah), Mahmoud Khamis (Al Nasr), Yousef Jaber (Shabab Al Ahli Dubai), Khalifa Al Hammadi (Jazira), Salem Rashid (Jazira), Shaheen Abdelrahman (Sharjah), Faris Juma (Al Wahda), Mohammed Shaker (Al Ain), Mohammed Barghash (Wahda), Abdulaziz Haikal (Shabab Al Ahli), Ahmed Barman (Al Ain), Khamis Esmail (Wahda), Khaled Bawazir (Sharjah), Majed Surour (Sharjah), Abdullah Ramadan (Jazira), Mohammed Al Attas (Jazira), Fabio De Lima (Al Wasl), Bandar Al Ahbabi (Al Ain), Khalfan Mubarak (Jazira), Habib Fardan (Nasr), Khalil Ibrahim (Wahda), Ali Mabkhout (Jazira), Ali Saleh (Wasl), Caio (Al Ain), Sebastian Tagliabue (Nasr).