• Lisa Warren pictured in her one-bedroom apartment in Dubai Marina. All photos: Antonie Robertson/The National
    Lisa Warren pictured in her one-bedroom apartment in Dubai Marina. All photos: Antonie Robertson/The National
  • The bedroom in Lisa's apartment.
    The bedroom in Lisa's apartment.
  • The view from the 78th floor of Torch Tower.
    The view from the 78th floor of Torch Tower.
  • The kitchen.
    The kitchen.
  • Lisa loves the view from her 78th floor apartment.
    Lisa loves the view from her 78th floor apartment.
  • The living room.
    The living room.
  • Lisa says she can never envisage leaving Dubai and loves her apartment in the marina.
    Lisa says she can never envisage leaving Dubai and loves her apartment in the marina.
  • "The living space is compact and has everything I need," says Lisa.
    "The living space is compact and has everything I need," says Lisa.

UAE

My Dubai Rent: tenant pays Dh75,000 to live on Dubai Marina's skyscraper alley

Holidaymaker who fell in love with city now lives on the 78th floor of The Torch tower

Patrick Ryan
Patrick Ryan

April 17, 2022

  • English
  • Arabic

My Dubai Rent takes you inside a reader's home to have a look at what they pay each month, see who they live with and ask what they like and don't like

Lisa Warren came to Dubai last year for a holiday and was hoping for nothing more than a break in the sunshine.

She has stayed here since then and now lives in a one-bedroom apartment on the 78th floor of Dubai’s famous The Torch tower.

Ms Warren, 41, who works in digital marketing, said she had no plans to ever move away from the emirate after falling in love with the pace of life in Dubai Marina.

The Irishwoman was only too happy to invite The National team on a tour of her home to explain what makes it very special to her.

How much do you pay in rent?

I pay Dh75,000 a year across four cheques. Before moving in here in December, I lived in the Princess Tower nearby and was paying Dh7,500 a month but then the landlord wanted to put it up to Dh13,000 a month.

I decided to move here then because that was such an expensive increase.

Why did you choose to live here?

I chose to live in The Torch because it is so convenient and the views from my apartment are amazing.

It’s a one-bedroom apartment and while it’s very compact, that is OK with me because that is exactly what I wanted.

Friends of mine live in the same building, so we often hang out and go to the beach or hang out by the pool together.

It’s such a great location and is central to so many places. I am immediately within walking distance of restaurants, cafes, the beach, the mall and the harbour.

Life here is so nice and peaceful.

______________________________________

World's most famous skyscrapers: in pictures

  • The $5.7 billion Marina Bay Sands hotel and resort, left, (L) is world-renowned and frequently tops world's most beautiful skyscraper lists. AFP
    The $5.7 billion Marina Bay Sands hotel and resort, left, (L) is world-renowned and frequently tops world's most beautiful skyscraper lists. AFP
  • Dubai's Burj Khalifa is the world's tallest building at 829.8 metres high. AFP
    Dubai's Burj Khalifa is the world's tallest building at 829.8 metres high. AFP
  • Willis Tower, formerly Sears Tower, was the tallest building in the world until 1998. To this day, it is the tallest property in Chicago. AFP
    Willis Tower, formerly Sears Tower, was the tallest building in the world until 1998. To this day, it is the tallest property in Chicago. AFP
  • A view of the Transamerica Pyramid building on August 19, 2019 in San Francisco, California. It was completed in 1972 and was the tallest building in San Francisco until 2018. AFP
    A view of the Transamerica Pyramid building on August 19, 2019 in San Francisco, California. It was completed in 1972 and was the tallest building in San Francisco until 2018. AFP
  • Kuwait's tallest building is Al Hamra Tower, left. AFP
    Kuwait's tallest building is Al Hamra Tower, left. AFP
  • The Evolution Tower is in Moscow, Russia. Formerly known as Wedding Palace and City Palace, its twisted, futuristic form designed by British architect Tony Kettle is what makes it stand out. Getty Images
    The Evolution Tower is in Moscow, Russia. Formerly known as Wedding Palace and City Palace, its twisted, futuristic form designed by British architect Tony Kettle is what makes it stand out. Getty Images
  • While Torre Glories only has 38 stories, it has famously redefined the Barcelona skyline. Alamy Stock Photo
    While Torre Glories only has 38 stories, it has famously redefined the Barcelona skyline. Alamy Stock Photo
  • Formerly known as London Bridge Tower, the Shard is a 72-storey skyscraper that's become one of the most recognisable buildings on the English capital's skyline. AFP
    Formerly known as London Bridge Tower, the Shard is a 72-storey skyscraper that's become one of the most recognisable buildings on the English capital's skyline. AFP
  • Bahrain World Trade Centre was the first skyscraper in the world to integrate wind turbines and has even won awards for sustainability. AFP
    Bahrain World Trade Centre was the first skyscraper in the world to integrate wind turbines and has even won awards for sustainability. AFP
  • Kingdom Centre Tower in Riyadh is the world's third-tallest building with a hole in it. Getty Images
    Kingdom Centre Tower in Riyadh is the world's third-tallest building with a hole in it. Getty Images
  • The Taipei 101, formerly known as the Taipei Financial Centre, is Taiwan's tallest building, and was the world's tallest until 2009. AFP
    The Taipei 101, formerly known as the Taipei Financial Centre, is Taiwan's tallest building, and was the world's tallest until 2009. AFP
  • The Petronas Twin Towers in Kuala Lumpur were for six years the tallest in the world, until 2004. AFP
    The Petronas Twin Towers in Kuala Lumpur were for six years the tallest in the world, until 2004. AFP
  • Shanghai Tower in Pudong area, Shanghai is the tallest building in China and the world's second tallest building. EPA
    Shanghai Tower in Pudong area, Shanghai is the tallest building in China and the world's second tallest building. EPA
  • The Chrysler Building has been a key part of the New York City skyline for more than 90 years. Between 1930 and 1931, it was actually the world's tallest building. AFP
    The Chrysler Building has been a key part of the New York City skyline for more than 90 years. Between 1930 and 1931, it was actually the world's tallest building. AFP
  • The China Central Television Tower is in the central business district in Beijing. It's referred to as an 'anti-skyscraper' because of its unique design. AFP
    The China Central Television Tower is in the central business district in Beijing. It's referred to as an 'anti-skyscraper' because of its unique design. AFP
  • The Bank of China Tower in Hong Kong was designed by Pritzker Prize-winning Chinese-American architect I M Pei and the triangular glass building was for a few years the tallest building in the world outside the US. Getty Images
    The Bank of China Tower in Hong Kong was designed by Pritzker Prize-winning Chinese-American architect I M Pei and the triangular glass building was for a few years the tallest building in the world outside the US. Getty Images
  • Home to three schools, Tokyo's Mode Gakuen Cocoon Tower boasts a unique cocoon-inspired design. Getty Images
    Home to three schools, Tokyo's Mode Gakuen Cocoon Tower boasts a unique cocoon-inspired design. Getty Images
  • Hotel & Casino Grand Lisboa in Macau boasts unique lotus flower-shaped architecture. AFP
    Hotel & Casino Grand Lisboa in Macau boasts unique lotus flower-shaped architecture. AFP
  • The Turning Torso in Malmo, Sweden is the tallest building in Scandinavia, but it was also the world's first "twisting" tower. AFP
    The Turning Torso in Malmo, Sweden is the tallest building in Scandinavia, but it was also the world's first "twisting" tower. AFP
  • 30 St Mary Axe is a 41-storey office tower that cost £138m to make. Getty Images
    30 St Mary Axe is a 41-storey office tower that cost £138m to make. Getty Images
  • The Shanghai World Financial Centre is among the top 15 tallest buildings in the world and among the top 10 in China. AFP
    The Shanghai World Financial Centre is among the top 15 tallest buildings in the world and among the top 10 in China. AFP
  • Istanbul Sapphire Tower is among the Turkish city's tallest buildings and was formerly its tallest until 2016. Getty Images
    Istanbul Sapphire Tower is among the Turkish city's tallest buildings and was formerly its tallest until 2016. Getty Images
  • The Lotte Corp. World Tower is the tallest building in South Korea, and the fifth-tallest in the world. Getty Images
    The Lotte Corp. World Tower is the tallest building in South Korea, and the fifth-tallest in the world. Getty Images
  • The Ryugyong Hotel is the world's tallest unoccupied building. It's based in Pyongyang, North Korea. AFP
    The Ryugyong Hotel is the world's tallest unoccupied building. It's based in Pyongyang, North Korea. AFP
  • The Gran Torre Santiago, formerly known as Torre Gran Costanera, part of the Costanera complex, is the tallest skyscraper in South America. Getty Images
    The Gran Torre Santiago, formerly known as Torre Gran Costanera, part of the Costanera complex, is the tallest skyscraper in South America. Getty Images
  • Dubai's Burj Al Arab is the tallest all-suite hotel in the world, one of the most recognisable buildings in the Middle East and only 60m shorter than the Empire State Building. AFP
    Dubai's Burj Al Arab is the tallest all-suite hotel in the world, one of the most recognisable buildings in the Middle East and only 60m shorter than the Empire State Building. AFP
  • New York's One World Trade Centre is the tallest building America and the Western Hemisphere, and the sixth-tallest in the world. Getty Images
    New York's One World Trade Centre is the tallest building America and the Western Hemisphere, and the sixth-tallest in the world. Getty Images
  • For 40 years, the steel-framed, 103-storey Empire State Building was the tallest in the world, until 1971, and remains to this day one of the best examples of Modernist Art Deco design. AFP
    For 40 years, the steel-framed, 103-storey Empire State Building was the tallest in the world, until 1971, and remains to this day one of the best examples of Modernist Art Deco design. AFP
  • The 75-storey corporate headquarters of the Abu Dhabi National Oil Company, designed by HOK. Reuters
    The 75-storey corporate headquarters of the Abu Dhabi National Oil Company, designed by HOK. Reuters
  • Construction outside the ICD Brookfield Place building on Al Mustaqbal Street, Dubai Photo: Reem Mohammed/The National
    Construction outside the ICD Brookfield Place building on Al Mustaqbal Street, Dubai Photo: Reem Mohammed/The National

______________________________________

I think it’s also one of the safest places to live as well in Dubai, even though I know there were a few fires in the past.

That’s why I feel so safe here, though, because I know the building management is paying extra attention to make sure that never happens again.

The staff here are so lovely and helpful too; you could not ask for nicer security.

They are really helpful when you need something and are always eager to provide help if you need it.

I have a storage unit not far away and the staff are always on hand to come up and help out if there’s any furniture that needs to be moved about.

There is a real sense of community in the building too. People are always eager to help if there’s anything you ever need.

What are the downsides of life on the 78th floor?

The biggest drawback is the waiting time for the lifts. There are times when I press the button for a lift and have to wait up to 10 minutes for it to arrive.

There are times when I go back inside and do something else until I hear the ping and know it has arrived.

It’s even got to the stage where I have picked my favourite elevator, which is less busy than the others because it’s a service lift.

To be honest, though, that’s the only issue I have living here.

What touches have you put in to make the place your own?

Not that much, to be honest, because it was fully furnished. The only things I have changed are adding a few cushions and a big mirror.

I was lucky that it came fully furnished because it meant I saved myself a trip to Ikea like most people have to do when they move in somewhere new.

Couple live large with Dh2,500 per month studio: in pictures

  • Ailan and JP Lapuz at their studio apartment in Discovery Gardens, Dubai. All photos by Ruel Pableo for The National
    Ailan and JP Lapuz at their studio apartment in Discovery Gardens, Dubai. All photos by Ruel Pableo for The National
  • The couple say they love the area and in particular the greenery Discovery Gardens offers.
    The couple say they love the area and in particular the greenery Discovery Gardens offers.
  • They have added a few touches, to make the space their own.
    They have added a few touches, to make the space their own.
  • Ailan and JP have taken a somewhat minimalist approach to furnishing the place.
    Ailan and JP have taken a somewhat minimalist approach to furnishing the place.
  • The apartment's kitchen area.
    The apartment's kitchen area.
  • The living area has an L-shaped sofa.
    The living area has an L-shaped sofa.
  • A multi-purpose rack makes good use of a wall.
    A multi-purpose rack makes good use of a wall.
  • The desk and chair used by Ailan when she's working from home.
    The desk and chair used by Ailan when she's working from home.
  • Rent for the apartment is Dh30,000 per year.
    Rent for the apartment is Dh30,000 per year.
  • Ailan and JP Lapuz say they like the area and don't plan on moving.
    Ailan and JP Lapuz say they like the area and don't plan on moving.
  • The couple moved to Discovery Gardens from Deira.
    The couple moved to Discovery Gardens from Deira.
  • The bathroom has adequate space.
    The bathroom has adequate space.
  • Discovery Gardens now offers more transport options, including buses, taxis, bicycles and the Metro.
    Discovery Gardens now offers more transport options, including buses, taxis, bicycles and the Metro.
If you go

The flights
Emirates flies from Dubai to Seattle from Dh5,555 return, including taxes.


The car
Hertz offers compact car rental from about $300 (Dh1,100) per week, including taxes. Emirates Skywards members can earn points on their car hire through Hertz.


The national park
Entry to Mount Rainier National Park costs $30 for one vehicle and passengers for up to seven days. Accommodation can be booked through mtrainierguestservices.com. Prices vary according to season. Rooms at the Holiday Inn Yakima cost from $125 per night, excluding breakfast.

HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
While you're here
KILLING OF QASSEM SULEIMANI
While you're here
Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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.”

The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

Personalities on the Plate: The Lives and Minds of Animals We Eat

Barbara J King, University of Chicago Press 

I Feel Pretty
Dir: Abby Kohn/Mark Silverstein
Starring: Amy Schumer, Michelle Williams, Emily Ratajkowski, Rory Scovel
 

SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FOLD5
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MATCH INFO

Uefa Champioons League semi-final, first leg:

Liverpool 5
Salah (35', 45 1'), Mane (56'), Firmino (61', 68')

Roma 2
Dzeko (81'), Perotti (85' pen)

Second leg: May 2, Stadio Olimpico, Rome

The specs

Price, base / as tested Dh960,000
Engine 3.9L twin-turbo V8 
Transmission Seven-speed dual-clutch automatic
Power 661hp @8,000rpm
Torque 760Nm @ 3,000rpm
Fuel economy, combined 11.4L / 100k

Killing of Qassem Suleimani
Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

A new relationship with the old country

Treaty of Friendship between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates

The United kingdom of Great Britain and Northern Ireland and the United Arab Emirates; Considering that the United Arab Emirates has assumed full responsibility as a sovereign and independent State; Determined that the long-standing and traditional relations of close friendship and cooperation between their peoples shall continue; Desiring to give expression to this intention in the form of a Treaty Friendship; Have agreed as follows:

ARTICLE 1 The relations between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates shall be governed by a spirit of close friendship. In recognition of this, the Contracting Parties, conscious of their common interest in the peace and stability of the region, shall: (a) consult together on matters of mutual concern in time of need; (b) settle all their disputes by peaceful means in conformity with the provisions of the Charter of the United Nations.

ARTICLE 2 The Contracting Parties shall encourage education, scientific and cultural cooperation between the two States in accordance with arrangements to be agreed. Such arrangements shall cover among other things: (a) the promotion of mutual understanding of their respective cultures, civilisations and languages, the promotion of contacts among professional bodies, universities and cultural institutions; (c) the encouragement of technical, scientific and cultural exchanges.

ARTICLE 3 The Contracting Parties shall maintain the close relationship already existing between them in the field of trade and commerce. Representatives of the Contracting Parties shall meet from time to time to consider means by which such relations can be further developed and strengthened, including the possibility of concluding treaties or agreements on matters of mutual concern.

ARTICLE 4 This Treaty shall enter into force on today’s date and shall remain in force for a period of ten years. Unless twelve months before the expiry of the said period of ten years either Contracting Party shall have given notice to the other of its intention to terminate the Treaty, this Treaty shall remain in force thereafter until the expiry of twelve months from the date on which notice of such intention is given.

IN WITNESS WHEREOF the undersigned have signed this Treaty.

DONE in duplicate at Dubai the second day of December 1971AD, corresponding to the fifteenth day of Shawwal 1391H, in the English and Arabic languages, both texts being equally authoritative.

Signed

Geoffrey Arthur  Sheikh Zayed

Teams

India (playing XI): Virat Kohli (c), Ajinkya Rahane, Rohit Sharma, Mayank Agarwal, Cheteshwar Pujara, Hanuma Vihari, Ravichandran Ashwin, Ravindra Jadeja, Wriddhiman Saha (wk), Ishant Sharma, Mohammed Shami

South Africa (squad): Faf du Plessis (c), Temba Bavuma, Theunis de Bruyn, Quinton de Kock, Dean Elgar, Zubayr Hamza, Keshav Maharaj, Aiden Markram, Senuran Muthusamy, Lungi Ngidi, Anrich Nortje, Vernon Philander, Dane Piedt, Kagiso Rabada, Rudi Second

The Bio

Favourite holiday destination: Either Kazakhstan or Montenegro. I’ve been involved in events in both countries and they are just stunning.

Favourite book: I am a huge of Robin Cook’s medical thrillers, which I suppose is quite apt right now. My mother introduced me to them back home in New Zealand.

Favourite film or television programme: Forrest Gump is my favourite film, that’s never been up for debate. I love watching repeats of Mash as well.

Inspiration: My late father moulded me into the man I am today. I would also say disappointment and sadness are great motivators. There are times when events have brought me to my knees but it has also made me determined not to let them get the better of me.

HEADLINE HERE
  • I would recommend writing out the text in the body 
  • And then copy into this box
  • It can be as long as you link
  • But I recommend you use the bullet point function (see red square)
  • Or try to keep the word count down
  • Be wary of other embeds lengthy fact boxes could crash into 
  • That's about it
Marathon results

Men:

 1. Titus Ekiru(KEN) 2:06:13 

2. Alphonce Simbu(TAN) 2:07:50 

3. Reuben Kipyego(KEN) 2:08:25 

4. Abel Kirui(KEN) 2:08:46 

5. Felix Kemutai(KEN) 2:10:48  

Women:

1. Judith Korir(KEN) 2:22:30 

2. Eunice Chumba(BHR) 2:26:01 

3. Immaculate Chemutai(UGA) 2:28:30 

4. Abebech Bekele(ETH) 2:29:43 

5. Aleksandra Morozova(RUS) 2:33:01  

LA LIGA FIXTURES

Friday Celta Vigo v Villarreal (midnight kick-off UAE)

Saturday Sevilla v Real Sociedad (4pm), Atletico Madrid v Athletic Bilbao (7.15pm), Granada v Barcelona (9.30pm), Osasuna v Real Madrid (midnight)

Sunday Levante v Eibar (4pm), Cadiz v Alaves (7.15pm), Elche v Getafe (9.30pm), Real Valladolid v Valencia (midnight)

Monday Huesca v Real Betis (midnight)

Results

2.30pm: Handicap (PA) Dh40,000 1,700m; Winner: AF Mezmar, Adam McLean (jockey), Ernst Oertel (trainer).

3pm: Maiden (PA) Dh40,000 2,000m; Winner: AF Ajwad, Tadhg O’Shea, Ernst Oertel.

3.30pm: Handicap (PA) Dh40,000 1,200m; Winner: Gold Silver, Sam Hitchcott, Ibrahim Aseel.

4pm: Maiden (PA) Dh40,000 1,000m; Winner: Atrash, Richard Mullen, Ana Mendez.

4.30pm: Gulf Cup Prestige (PA) Dh150,000 1,700m; Winner: AF Momtaz, Saif Al Balushi, Musabah Al Muhairi.

5pm: Handicap (TB) Dh40,000 1,200m; Winner: Al Mushtashar, Richard Mullen, Satish Seemar.

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Results

2pm: Handicap (PA) Dh80,000 1,600m; Winner: AF Al Baher, Bernardo Pinheiro (jockey), Ernst Oertel (trainer).

2.30pm: Handicap (TB) Dh100,000 1,600m; Winner: Talento Puma, Xavier Ziani, Salem bin Ghadayer.

3pm: Handicap (TB) Dh90,000 1,950m; Winner: Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.

3.30pm: Jebel Ali Stakes Listed (TB) Dh500,000 1,950m; Winner: Mark Of Approval, Patrick Cosgrave, Mahmood Hussain.

4pm: Conditions (TB) Dh125,000 1,400m; Winner: Dead-heat Raakez, Jim Crowley, Nicholas Bachalard/Attribution, Xavier Ziani, Salem bin Ghadayer.

4.30pm: Jebel Ali Sprint (TB) Dh500,000 1,000m; Winner: AlKaraama, Antonio Fresu, Musabah Al Muhairi.

5pm: Handicap (TB) Dh100,000 1,200m; Winner: Wafy, Richard Mullen, Satish Seemar.

5.30pm: Handicap (TB) Dh90,000 1,400m; Winner: Cachao, Tadhg O’Shea, Satish Seemar.

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

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%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3EDual%20synchronous%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E1%2C108hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C340Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%20(front%20axle)%3B%20two-speed%20transmission%20(rear%20axle)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E488-560km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh928%2C400%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EOrders%20open%3C%2Fp%3E%0A
Building boom turning to bust as Turkey's economy slows

Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.

Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.

The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.

After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.

The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.

The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.

But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.

It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.

Updated: April 18, 2022, 5:57 AM
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