My Own Home: Family buys Dh3.4m Sustainable City house and golf buggy for no-car community


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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

Marketing director Lucy Holmes and her husband Lee, who works for the Walt Disney Company in Dubai, have been living in the UAE for 14 years but bought their first home here in 2021 after a decade of living on Palm Jumeirah.

They had been living in their villa in Sustainable City for four months when they got the opportunity to buy it for Dh3.4 million ($930,000).

Now they live there happily with their son Barney, 15, and daughter Daisy, 8, and plan to stay put for at least another decade.

The National takes a look around.

Why did you decide to buy?

We were given the opportunity after about four months of living in our villa to buy it, so we did. We were really lucky that we were able to figure out how to get it.

We had probably lived in about eight apartments on the Palm already and I was fed up of moving. I wanted my children to have something that they knew was their home, that we can make memories in as a family, that we felt would give them a stable environment.

We were so sick of being given notice by landlords and just wasting money on rent, and after 10 years, we realised we'd spent an awful amount of money on rent.

Why this neighbourhood?

We fell in love with the community. I said to my husband, 'if we ever get the opportunity to buy, this is now where I want to live.'

Sustainable City has such extensive amenities that you seldom have to leave the area, says homeowner Lucy Holmes. Antonie Robertson / The National
Sustainable City has such extensive amenities that you seldom have to leave the area, says homeowner Lucy Holmes. Antonie Robertson / The National

I love the safety aspect for the kids. There are no cars. I wanted them to have the freedom to go around on their bikes.

The sustainable lifestyle is also really appealing to us. We are eco-minded, I’ve always recycled, and we were really intrigued by the whole solar panel idea.

We just felt that it was such a beautifully landscaped community, it's set back from the road and it's really quiet, you can't hear any cars or anything at night, just birds. And we thought that it would really be a difference from living on the Palm. We needed a change.

It ticked every box for us and eventually we even moved our children to the school. They cycle or walk to school or get on the golf buggy every single day. It means I have no school run.

How much is your house worth?

We paid Dh3.4 million and now I think it's worth Dh4.3 million or Dh4.4 million.

What renovations have you done?

We completely redid the garden, the landscaping, the tiling. We've done a few more bits of decorating stuff inside but we haven't renovated inside that much because we're happy with how it is.

After we bought it, we actually had to do quite a big renovation on our British home that we rent out. It's a really old Victorian house and it needs a lot of work, so we had to invest in that rather than our home in Dubai. But that's fine, because it's super-modern here and we love it anyway.

We could redo the kitchen, or I could redo the bathrooms but actually I'd rather go on holiday.

How would you describe your interior design style?

Very beach house style, very clean and white, with lots of wood.

Lucy Holmes prefers neutral colours and natural materials in her home. Antonie Robertson / The National
Lucy Holmes prefers neutral colours and natural materials in her home. Antonie Robertson / The National

A lot of my pieces have been made to order by The Garden Concept carpentry and I'm really happy. They made my rabbit huts, they made the furniture in my bedroom, they made my dresser. I like to have a lot of colour among the white and wood, and it's quite modern.

How has your experience of Dubai changed since moving from Palm Jumeirah?

It has changed massively. We've gone from being able to go everywhere at night and on the weekends, doing a million things because we were so central and going to the beach all the time and having a sea view, to having more of a quieter life. And that suits us. It suits our children. We have more barbecues, more dinners with neighbours, have friends over.

I'm not zooming around Dubai all weekend like we used to on the Palm because it takes too long to get anywhere. Although we are busy and I do a lot of stuff, we have a more wholesome existence.

It’s just really nice to have your own space and to feel that you don't have to leave Sustainable City if you don't want to. It's become more of a lifestyle for us. We’ve gone from that city lifestyle with the beach on our doorstep to a suburban lifestyle because the kids were at an age where they needed it.

What facilities do you have?

We have pools, a gym. We've got a Zen garden now, which is lovely. There's a running track, a cycling track. There are the shops and cafes, there's a yoga studio. There's a horse-riding school.

We also have our own golf buggy. You can access the community ones but it's great to have your own.

We make good use of everything. My son's playing football at the pitch every single night because we can book it through the app. My husband plays football three times a week. I'm part of the running club. Even my daughter comes on a Monday night.

We’re very much part of the community here, we get involved and we have a nice time.

How long will you stay in this property?

Until Daisy finishes school, so probably another 10 years, all being well. I know I could get a bigger house for my money, but I would really struggle now to live on a road where there are cars and I don't know anywhere else in Dubai that's got a no-car zone like we've got.

If went to Arabian Ranches 2 or Dubai Hills, for example, I would love it, I'd have more house, but my kids wouldn't have the freedom they've got here.

Now I’ve had the opportunity to buy after 10 years in Dubai, it makes me think I should have bought earlier but everything happens at the right time.

I firmly believe Dubai is a very excellent, perfect, exciting place to live and very safe. And that's definitely what Sustainable City is. It's super, super safe and we love it.

Read next: How to plan your finances for buying a home

Getty
Getty

How to improve Arabic reading in early years

One 45-minute class per week in Standard Arabic is not sufficient

The goal should be for grade 1 and 2 students to become fluent readers

Subjects like technology, social studies, science can be taught in later grades

Grade 1 curricula should include oral instruction in Standard Arabic

First graders must regularly practice individual letters and combinations

Time should be slotted in class to read longer passages in early grades

Improve the appearance of textbooks

Revision of curriculum should be undertaken as per research findings

Conjugations of most common verb forms should be taught

Systematic learning of Standard Arabic grammar

Breast cancer in men: the facts

1) Breast cancer is men is rare but can develop rapidly. It usually occurs in those over the ages of 60, but can occasionally affect younger men.

2) Symptoms can include a lump, discharge, swollen glands or a rash. 

3) People with a history of cancer in the family can be more susceptible. 

4) Treatments include surgery and chemotherapy but early diagnosis is the key. 

5) Anyone concerned is urged to contact their doctor

 

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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Updated: March 12, 2025, 5:19 AM