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
British mural artist Madeleine Butcher and her Italian husband Jacopo Mangiapane could see so much potential in their new Dubai home when they bought it two years ago. Not only does the villa in Springs 14 have four bedrooms, but also a basement, one of very few properties with one in the entire development.
As they co-own a production company, Crisp Arthouse, they realised they could save money on office space by running it from their house. But it’s also a family space, a place for them to lay down roots, where they can see themselves living for many years to come.
The National takes a look around.
Please tell us about your home
It’s a four-bedroom villa in Springs 14. One of the things that make this house really interesting for us is that it has a basement – and there are only, I think, about eight or nine houses in all of Springs that have a basement. We have a production company so, as soon as we were walking around it, we said this would be our production company offices, and that added a huge amount of value to the property for us on a yearly basis, because of what we would be spending to rent offices elsewhere.
How much did you buy the house for?
We bought it for Dh2.8 million and we spent about, I'm going to be realistic, probably Dh250,000 on renovations.
I know a three-bed right now, I think, is about Dh4 million to Dh4.5 million and I think a four-bed is going to be more than that. But honestly, even though we're getting calls from real estate agents, like everybody else in this neighbourhood, probably about eight people a day, I'm not thinking about the value of it so much now, because I know that we are going to live in and enjoy this house for at least another 10 years. It's an investment in our life as a family, rather than a number.
What renovations have you done?
We were living in Springs 9 for three years before, in the same type of building as the one that we've got now, so as soon as we got into this one, we knew all of the things that we needed to do to it, because we'd spent years thinking about what we wanted to do.
We removed a huge AC vent that went around the whole of the ceiling of the living room. By doing that, we increased the size of the living room space. We also added archways and removed a couple of walls, and we added four windows, so we kind of brightened everything up.
The basement was only used as storage before and it also didn't have a garden. It just had concrete tiles, and so we dug up two holes and created garden space. We planted three big trees and created a green space, which we use very regularly for parties and quiz nights. We have murals by at least three different artists in the garden.
We use every inch of the space, and the kids are growing to expand to fit it, just like fish in a tank, and we're grateful for all of the areas that we've built up. One of the other things that we did was we turned what is traditionally the office at the front into our TV room so that we don't have a TV dominating the main living space. We wanted to see if we can lessen the impact of screens on our kids as much as we can.
How was the renovations process?
When we put the payment down on the house, I found out I was pregnant about three weeks afterwards, so we were in the middle of the handover, and then we did probably about three months of renovations while I was pregnant. It was an interesting time for my husband, but we worked with a couple of contractors, and we knew what we wanted to do, so that was helpful.
For the bigger things that you want to do in terms of knocking walls down or adding windows, don't skimp. Get a decent contractor, even if the price looks horrific.
We did a second round of renovations after about six months of being in the house. We used a different contractor because we sourced all of the materials from RAK Ceramics and Dragon Mart. We learnt that you should be prepared to pay extra for an expensive contractor, because it's your house, and you don't want to cut corners.
How would you describe your interior design style?
Eclectic. Maximalist. We actually have a whole pile of paintings and pictures by my friends, a lot of them are professional artists, that are still to go up. We like big patterns and big colours, and I want my children to always grow up with these colours and these patterns in the backgrounds of their imagination. As an artist, I hate a plain white wall when there can be something on it.
Why did you choose Springs 14?
As a gated community, it's safe for the kids to go everywhere. We love our security guys. And also, the age of the community is lovely because it means that the lakes and the trees feel a lot more organic.
There are a lot of people who have been here for 10 years-plus and, when you talk to your neighbours, everyone has a vested interest in this place. And there isn't one dominant nationality, there's a real mix. And we love that, because we want our children to understand the mix of cultures here by living in it and not just being told about it. That means everything to us.
Our kids now are too young to go off by themselves and play, but the nannies in this community are invaluable in terms of coming together on their own. There are probably about eight different play dates that kids could plug into on any day of the week. And all the nannies know each other and communicate.
What amenities do you have?
We have a swimming pool that's [at an] OK temperature most of the year. There is a basketball court. A short cycle ride away, there is a tennis court. There’s the two malls on either side for our groceries. One thing that's really nice is you're able to ride a bike from here to Emirates Golf Course and to Phileas Fogg’s. I feel like we're on the right side of Al Khail Road and Hessa Street, because of the traffic. We’re grateful because we can get in and out of the city, but we're still able to separate ourselves from it.
How long do you plan to be here for?
My partner is Italian, and I'm British, and like many of our friends, we're multicultural, and we have found, particularly living in Springs and talking to our neighbours, that for so many people, this is a home. We can picture the future of our family lives here, and this house represents that. This community represents that, and we've invested in both because we see a long term future here, with nearby schools, nearby medical facilities, and obviously places to bike ride.
There are many things that make us grateful to be here for the long term, and safety is a big, big part of that, too.
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Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
Griselda
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ARGENTINA SQUAD
Goalkeepers: Franco Armani, Agustin Marchesin, Esteban Andrada
Defenders: Juan Foyth, Nicolas Otamendi, German Pezzella, Nicolas Tagliafico, Ramiro Funes Mori, Renzo Saravia, Marcos Acuna, Milton Casco
Midfielders: Leandro Paredes, Guido Rodriguez, Giovani Lo Celso, Exequiel Palacios, Roberto Pereyra, Rodrigo De Paul, Angel Di Maria
Forwards: Lionel Messi, Sergio Aguero, Lautaro Martinez, Paulo Dybala, Matias Suarez
SPECS
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PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Kamindu Mendis bio
Full name: Pasqual Handi Kamindu Dilanka Mendis
Born: September 30, 1998
Age: 20 years and 26 days
Nationality: Sri Lankan
Major teams Sri Lanka's Under 19 team
Batting style: Left-hander
Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)
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.”
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Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
Book%20Details
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COMPANY%20PROFILE
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Famous left-handers
- Marie Curie
- Jimi Hendrix
- Leonardo Di Vinci
- David Bowie
- Paul McCartney
- Albert Einstein
- Jack the Ripper
- Barack Obama
- Helen Keller
- Joan of Arc
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
UAE currency: the story behind the money in your pockets
Boulder shooting victims
• Denny Strong, 20
• Neven Stanisic, 23
• Rikki Olds, 25
• Tralona Bartkowiak, 49
• Suzanne Fountain, 59
• Teri Leiker, 51
• Eric Talley, 51
• Kevin Mahoney, 61
• Lynn Murray, 62
• Jody Waters, 65
More from Neighbourhood Watch:
The five pillars of Islam
Why seagrass matters
- Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
- Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
- Biodiversity: Support species like sea turtles, dugongs, and seabirds
- Coastal protection: Reduce erosion and improve water quality
The biog
Favourite books: 'Ruth Bader Ginsburg: A Life' by Jane D. Mathews and ‘The Moment of Lift’ by Melinda Gates
Favourite travel destination: Greece, a blend of ancient history and captivating nature. It always has given me a sense of joy, endless possibilities, positive energy and wonderful people that make you feel at home.
Favourite pastime: travelling and experiencing different cultures across the globe.
Favourite quote: “In the future, there will be no female leaders. There will just be leaders” - Sheryl Sandberg, COO of Facebook.
Favourite Movie: Mona Lisa Smile
Favourite Author: Kahlil Gibran
Favourite Artist: Meryl Streep
Other IPL batting records
Most sixes: 292 – Chris Gayle
Most fours: 491 – Gautam Gambhir
Highest individual score: 175 not out – Chris Gayle (for Royal Challengers Bangalore against Pune Warriors in 2013)
Highest strike-rate: 177.29 – Andre Russell
Highest strike-rate in an innings: 422.22 – Chris Morris (for Delhi Daredevils against Rising Pune Supergiant in 2017)
Highest average: 52.16 – Vijay Shankar
Most centuries: 6 – Chris Gayle
Most fifties: 36 – Gautam Gambhir
Fastest hundred (balls faced): 30 – Chris Gayle (for Royal Challengers Bangalore against Pune Warriors in 2013)
Fastest fifty (balls faced): 14 – Lokesh Rahul (for Kings XI Punjab against Delhi Daredevils in 2018)
Roll of honour 2019-2020
Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain
West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership
UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes
UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II
UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby
The specs: 2018 Chevrolet Trailblazer
Price, base / as tested Dh99,000 / Dh132,000
Engine 3.6L V6
Transmission: Six-speed automatic
Power 275hp @ 6,000rpm
Torque 350Nm @ 3,700rpm
Fuel economy combined 12.2L / 100km
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
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How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
MATCH INFO
Manchester City 6 Huddersfield Town 1
Man City: Agüero (25', 35', 75'), Jesus (31'), Silva (48'), Kongolo (84' og)
Huddersfield: Stankovic (43')
RESULTS - ELITE MEN
1. Henri Schoeman (RSA) 57:03
2. Mario Mola (ESP) 57:09
3. Vincent Luis (FRA) 57:25
4. Leo Bergere (FRA)57:34
5. Jacob Birtwhistle (AUS) 57:40
6. Joao Silva (POR) 57:45
7. Jonathan Brownlee (GBR) 57:56
8. Adrien Briffod (SUI) 57:57
9. Gustav Iden (NOR) 57:58
10. Richard Murray (RSA) 57:59
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Gifts exchanged
- King Charles - replica of President Eisenhower Sword
- Queen Camilla - Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
- Donald Trump - hand-bound leather book with Declaration of Independence
- Melania Trump - personalised Anya Hindmarch handbag
Company%20Profile
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