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
Marie Guerre, a Luxembourgish-French financial adviser, and her husband Renaud Kieffer, a private pilot, moved from Luxembourg to their new home in Dubai only two weeks after seeing it.
They had sold their private members’ car club business, which was based in Luxembourg, in 2021 and Ms Guerre decided she wanted to move somewhere sunny. After travelling the world to find the perfect location, they settled on the UAE. Within the Emirates, it was Jumeirah Village Triangle that had the home they wanted.
After looking at more than 10 properties, they bought the Dh880,000 ($240,000) one-bedroom apartment in Zazen One – where they now live with their dog Milo – which they fell in love with because of how well the building was finished.
The National takes a look around.
Please tell us about your home
We have a one-bedroom corner unit that is 925 square feet. Having a corner unit is nice because even when the sun is almost gone over to the other side of the building, we still have the corner that has some light.
How much did it cost?
We bought it for Dh880,000. Now I think it’s worth Dh1.2 million or Dh1.3 million, maybe even more because we did some enhancements. Two-beds are selling for Dh1.8 million to Dh1.9 million.
Why did you buy instead of renting?
We had never owned a property. We were always renting everywhere we lived, so it was important to us that we buy the roof over our head. It was security. We had sold our company and we had the money. So what do you do with the money? You buy your security. You buy a roof over your head.
What renovations have you done?
In most of the apartments, the door frames and the kitchen cupboards were made of dark wood, which I don’t like. So we did everything in white about a year after we moved in. The darker the colour inside the apartment, the smaller it makes it seem.
We put double-glazed windows in the bedroom for noise insulation. We have an open view, but are just next to Al Khail, so you can hear the traffic, and I'm used to sleeping in absolute silence. These windows decreased the decibel levels in the bedroom massively. Before I had to sleep with earplugs, now I don’t.
In the kitchen, we put in a big rectangular sink and increased [the size of ] that area – I was still getting rid of dust after two months because they had to cut into the stone, but it’s much more elegant.
We also changed all the lights in the apartment and installed a French design. They make the room more airy. The next thing we're going to do is change the wallpaper. It was my choice but I don’t like it any more. I think the apartment will be even lighter if it’s just normal off-white.
We spent between Dh70,000 and Dh80,000.
How would you describe your interior-design style?
We wanted to go modern, minimalist, kind of Swedish, to be more zen. We have white and leather and wood. It feels quite bright and I’m trying to put some plants in but they tend to die on me.
What facilities do you have?
We have a nice swimming pool with a kids’ pool. We have a barbecue area, a communal garden, a nice gym and a kids’ play area.
There's also a study room, so people with kids who try to work from home can go and work there. And there’s a residents’ lounge, where there’s a TV, you have a library and a pool table. You can meet your neighbours there or even invite your friends over.
The rooftop is quite nice as well, because on one side is the barbecue area, while the other part is a smaller, more private space that you can book. I like to do raclette with friends on the rooftop. It’s nice.
Why did you choose this neighbourhood?
When we were looking for a place to live, I had one requirement – I wanted sun. We began looking in Spain, in Portugal ... I even looked at Latin America, everywhere where you have sunshine and we wanted to pay in cash. I also wanted to be near the sea. The place that we found that fitted all our requirements was here in Dubai.
We came here in January 2022, we stayed two weeks, we visited 10 apartments or so. When we saw this one, it took us a day. We paid the deposit. It was still off-plan but almost finished. We booked the following day to go back home, sold everything and came back two weeks later.
We chose the neighbourhood for the residence.
What did you love about this building?
It was nicer quality. Out of all the apartments we visited, all the lobbies were just big halls, with no windows, no paintings, really clinical. In the lobby here, you leave the elevators and already you have windows and you have natural light. To me, natural light is so important, not only in the apartment, but also in the common areas, because you need to be comfortable everywhere.
We have a view of Burj Khalifa from very, very far when it's not hazy. But it was also really important for us not to have a tower right in front of us for privacy.
What do you like about JVT?
JVT is just fantastic for the amenities. You have the padel courts, you have a number of parks, you have three dog parks, which is really convenient.
You can go to Palm Jumeirah or Dubai Marina without taking Al Khail Road, without taking the highway, which is a big plus when you compare with other communities where you have to get on the highway to go anywhere you need.
How long do you plan to live in this property?
We have a golden visa, so I know we can stay in Dubai until that runs out. I was thinking maybe we are going to move into a two-bedroom, but we spent so much and really made the place our own, so I think next time we move it is going to be to another country.
For now, we know the community, we know the neighbours, we have our routine. We have settled. We have the Carrefour, the Spinney’s, and I have my yoga studio.
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
Profile of Udrive
Date started: March 2016
Founder: Hasib Khan
Based: Dubai
Employees: 40
Amount raised (to date): $3.25m – $750,000 seed funding in 2017 and a Seed round of $2.5m last year. Raised $1.3m from Eureeca investors in January 2021 as part of a Series A round with a $5m target.
Killing of Qassem Suleimani
Greatest Royal Rumble results
John Cena pinned Triple H in a singles match
Cedric Alexander retained the WWE Cruiserweight title against Kalisto
Matt Hardy and Bray Wyatt win the Raw Tag Team titles against Cesaro and Sheamus
Jeff Hardy retained the United States title against Jinder Mahal
Bludgeon Brothers retain the SmackDown Tag Team titles against the Usos
Seth Rollins retains the Intercontinental title against The Miz, Finn Balor and Samoa Joe
AJ Styles remains WWE World Heavyweight champion after he and Shinsuke Nakamura are both counted out
The Undertaker beats Rusev in a casket match
Brock Lesnar retains the WWE Universal title against Roman Reigns in a steel cage match
Braun Strowman won the 50-man Royal Rumble by eliminating Big Cass last
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Tax authority targets shisha levy evasion
The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.
Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".
The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.
He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.
"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.
As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.
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UAE currency: the story behind the money in your pockets
Kandahar%20
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MATCH INFO
Brescia 1 (Skrinia og, 76)
Inter Milan 2 (Martinez 33, Lukaku 63)
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%3Cp%3E1.%20Protracted%20but%20less%20intense%20war%20(60%25%20likelihood)%3C%2Fp%3E%0A%3Cp%3E2.%20Negotiated%20end%20to%20the%20conflict%20(30%25)%3C%2Fp%3E%0A%3Cp%3E3.%20Russia%20seizes%20more%20territory%20(20%25)%3C%2Fp%3E%0A%3Cp%3E4.%20Ukraine%20pushes%20Russia%20back%20(10%25)%3C%2Fp%3E%0A%3Cp%3E%3Cem%3EForecast%20by%20Economist%20Intelligence%20Unit%3C%2Fem%3E%3C%2Fp%3E%0A
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
NEW%20PRICING%20SCHEME%20FOR%20APPLE%20MUSIC%2C%20TV%2B%20AND%20ONE
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Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
Abandon
Sangeeta Bandyopadhyay
Translated by Arunava Sinha
Tilted Axis Press
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
The Land between Two Rivers: Writing in an Age of Refugees
Tom Sleigh, Graywolf Press
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UAE currency: the story behind the money in your pockets
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
MATCH INFO
Manchester City 4 (Gundogan 8' (P), Bernardo Silva 19', Jesus 72', 75')
Fulham 0
Red cards: Tim Ream (Fulham)
Man of the Match: Gabriel Jesus (Manchester City)
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.”
Honeymoonish
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Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital
Mohammed bin Zayed Majlis
England v South Africa schedule
- First Test: Starts Thursday, Lord's, 2pm (UAE)
- Second Test: July 14-18, Trent Bridge, Nottingham, 2pm
- Third Test: The Oval, London, July 27-31, 2pm
- Fourth Test: Old Trafford, Manchester, August 4-8
EMERGENCY PHONE NUMBERS
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries