• Akhter Arkate and his wife Rehana own a three-bedroom apartment in Dubai Production City. All photos: Chris Whiteoak / The National
    Akhter Arkate and his wife Rehana own a three-bedroom apartment in Dubai Production City. All photos: Chris Whiteoak / The National
  • The view from the balcony
    The view from the balcony
  • The living room and dining area
    The living room and dining area
  • The kitchen
    The kitchen
  • The hallway
    The hallway
  • The master bedroom
    The master bedroom
  • One of the bedrooms
    One of the bedrooms
  • The balcony
    The balcony
  • The community playground
    The community playground
  • The community has many amenities
    The community has many amenities
  • The basketball court
    The basketball court
  • Dubai Production City opened during the Covid-19 pandemic
    Dubai Production City opened during the Covid-19 pandemic

My Own Home: Family of five love ‘resort-style living’ in Dh1.6 million Dubai Production City apartment


Katy Gillett
  • English
  • Arabic

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

Long-term UAE resident Akther Arkate invested in his family's future by buying an off-plan property in Dubai after many years of renting.

The engineer, who works for air traffic control in the emirate, lives in a three-bedroom apartment in Midtown community, in Dubai Production City, with his wife and three children – two of whom study abroad during term. The couple bought their home in 2017 and moved in during 2020, at the peak of the Covid-19 pandemic.

While the family have settled in well, and they love the neighbourhood, they have bought a town house, again off-plan, and will move when it is ready, by 2028. Meanwhile, they plan to enjoy the only place in the UAE that has truly felt like home.

The National takes a look around.

Please tell us about your home.

It’s a three-bedroom apartment with a good layout. It's a compact layout, but it’s not too small. It’s perfect for us.

We have a living room, which is quite huge, where we can accommodate a lot of visitors or friends. The three bedrooms are just the right size for us. We enjoy living here.

Why did you decide to buy a property?

We had bought a house in India and we had spent a lot of money over there. Then something struck my mind: we have spent so much money in India, and we stay in that house once a year, yet we stay over here for the majority of our time.

So, we thought: let's look at some places over here that we can call our own home, rather than a rented home.

How much was it?

Deyaar [the developer] was running a fantastic payment plan at that time. Construction had just begun, so you could pay Dh10,000 per month until the completion, which was around three years away, and at the time of handover you could go into a mortgage. We paid it for around 33 months, and then we did the mortgage.

The total price was around Dh1.6 million, all inclusive, with all the government charges and everything.

How much is it now?

Because the community opened in Covid, nobody really knew Dubai Production City. It's a wonderful community, but it has not appreciated on regular Dubai levels. It might fetch around Dh1.8 million or Dh1.9 million now.

As long as it doesn’t depreciate, it’s good. If you consider you’re paying whatever you were paying as rent before, and it was going down the drain, at least now the property is yours, the asset is yours.

Why did you choose this neighbourhood?

The payment plan was what attracted us, but then we saw the layout of the community. It’s a 1km-long community with one level full of amenities. It's like resort-style living.

One of the three swimming pools at Dubai Production City. Chris Whiteoak / The National
One of the three swimming pools at Dubai Production City. Chris Whiteoak / The National

The community has grown. It’s well maintained, with lots of amenities. There are three swimming pools, three gyms.

Anybody who has kids below 12, this is a perfect place for them to grow up, because you have a 1km podium, which is secure, so you drop your kids on level one and it's a closed environment. They cannot go anywhere.

It's also adjacent to Jumeirah Golf Estates, which is one of the top-notch communities in Dubai.

The reason it’s called Dubai Production City is there is a production free zone in the middle of the community, so there are a lot of printing or storage warehouses and facilities. Then there is a City Centre mall as well.

What renovations have you done?

Before we moved in we’d wanted to renovate it as per our aspirations. But then during Covid everything was bust, so we were not able to do what we wanted to do.

It’s very difficult to renovate when you are occupying the house. We did some minor modifications, but nothing major.

If I were to do it, I'd renew the kitchen, but otherwise there is not much renovation that is required. The space is underutilised. The NOC (no objection certificate) process is a pain, so that’s what’s kept us from doing it.

How would you describe your interior design style?

Modern with a classical touch. It’s a modern layout, with classical furniture.

The apartment's living room is big enough to accommodate visitors. Chris Whiteoak / The National
The apartment's living room is big enough to accommodate visitors. Chris Whiteoak / The National

How long do you plan to stay in this property?

During Covid, we also bought a town house in Villanova and we thought we would move there when it was ready. But we got so used to this community and this place, that we didn’t end up moving.

Now we’ve sold that property and taken another property in Athlon by Aldar, just across from Global Village. It’s our goal to move over there when it’s ready in 2028, because the kids are growing.

Do you want to see your home featured in our series? Email kgillett@thenationalnews.com for more information.

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At a glance

Fixtures All matches start at 9.30am, at ICC Academy, Dubai. Admission is free

Thursday UAE v Ireland; Saturday UAE v Ireland; Jan 21 UAE v Scotland; Jan 23 UAE v Scotland

UAE squad Rohan Mustafa (c), Ashfaq Ahmed, Ghulam Shabber, Rameez Shahzad, Mohammed Boota, Mohammed Usman, Adnan Mufti, Shaiman Anwar, Ahmed Raza, Imran Haider, Qadeer Ahmed, Mohammed Naveed, Amir Hayat, Zahoor Khan

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.”

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

On Instagram: @WithHopeUAE

Although social media can be harmful to our mental health, paradoxically, one of the antidotes comes with the many social-media accounts devoted to normalising mental-health struggles. With Hope UAE is one of them.
The group, which has about 3,600 followers, was started three years ago by five Emirati women to address the stigma surrounding the subject. Via Instagram, the group recently began featuring personal accounts by Emiratis. The posts are written under the hashtag #mymindmatters, along with a black-and-white photo of the subject holding the group’s signature red balloon.
“Depression is ugly,” says one of the users, Amani. “It paints everything around me and everything in me.”
Saaed, meanwhile, faces the daunting task of caring for four family members with psychological disorders. “I’ve had no support and no resources here to help me,” he says. “It has been, and still is, a one-man battle against the demons of fractured minds.”
In addition to With Hope UAE’s frank social-media presence, the group holds talks and workshops in Dubai. “Change takes time,” Reem Al Ali, vice chairman and a founding member of With Hope UAE, told The National earlier this year. “It won’t happen overnight, and it will take persistent and passionate people to bring about this change.”

RACECARD%20
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The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

RESULTS
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Structural%20weaknesses%20facing%20Israel%20economy
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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

ESSENTIALS

The flights 
Fly Etihad or Emirates from the UAE to Moscow from 2,763 return per person return including taxes. 
Where to stay 
Trips on the Golden Eagle Trans-Siberian cost from US$16,995 (Dh62,414) per person, based on two sharing.

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Sreesanth's India bowling career

Tests 27, Wickets 87, Average 37.59, Best 5-40

ODIs 53, Wickets 75, Average 33.44, Best 6-55

T20Is 10, Wickets 7, Average 41.14, Best 2-12

The biog

Hobbies: Writing and running
Favourite sport: beach volleyball
Favourite holiday destinations: Turkey and Puerto Rico​

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Sam Smith

Where: du Arena, Abu Dhabi

When: Saturday November 24

Rating: 4/5

Updated: April 21, 2025, 6:10 AM