I get a sinking feeling whenever I walk into the Yacht Club at the Intercontinental Hotel in Abu Dhabi. It's not that I don't enjoy the classy drinks, beautiful people or luxurious sofas, but the venue lacks an essential ingredient: sailors.
I cherish sailing so much that proximity to the ocean is at the top of my priorities when I am thinking of a move. My last job was in Lagos, named by the Portuguese after the fabulous lagoons that surround the city. There, I was a regular competitor at the weekly races held every Saturday by the Lagos Yacht Club from the confluence of two creeks on the corner of Lagos Island. The club had a fleet of almost 100 boats, ranging from 50-year-old "woodies" to the state-of-the-art Hobie Cats. It also had a beach annex on another island across the harbour, where the surf-chic speed freaks kept their catamarans on the sand.
When my wife crewed for me, nothing gave me greater pleasure than watching her take an unintended dip in the sea when I pretended to lose control of the spinnaker on a run.
So it was my first instinct, when Abu Dhabi popped onto my radar, to check out its sailing potential. I was excited by what I saw. Having touched down in the capital, I was on the water within days and, as luck would have it, stepped in as replacement crew for the commodore at the Abu Dhabi Sailing Club on my first race, and walked away with a cup!
But in the two years since, I have become downhearted by the prospects for sailing in Abu Dhabi. There is no shortage of grand designs for megayacht marinas and five-star beachfront hotels, but sailing seems to have been left out of the equation. There is a mismatch between Abu Dhabi's ambition to become a global yachting destination and the dim prospects for ordinary sailors.
In the Abu Dhabi Sailing Club, for example, membership is restricted by the fact that you have to be a member of The Club to join, meaning a year-long waiting list and high entrance fees; the Emirates Sailing School near Raha Beach is restricted to nationals; and the Abu Dhabi International Marine Sports Club does sail training and holds regattas but no regular races. Even the wonderful racing dhows, whose helms must be Emirati, seem to have been forgotten in the rush to develop Abu Dhabi's beachfront assets.
I believe there is a strong case for bringing these sailors together into a more vibrant, inclusive sailing club, which could form the centrepiece of yachting life in the capital. Such a club would teach our youth to sail, promote the integration of sailing traditions, and add a dynamism and purpose to a marina development being planned for the new stretches of coast recently opened up by the road across Yas and Saadiyat islands. What a sight it would be to watch dozens of sailing boats slicing through the cobalt-coloured sea from the terrace of the Saadiyat Beach Golf Club or the National Museum.
Saadiyat and Yas offer world-class sailing conditions and an ideal winter base for European yachtsmen. The sea breezes blow year-round and there are hundreds of kilometres of pristine beach on our doorstep.
Aldar and TDIC are developing high-end marinas on these islands, but there appears to have been no provision for the ordinary sailors and their small craft, which form the lifeblood of any boating environment. As it stands, Abu Dhabi is building boat parks without a soul.
A sailing club furnishes the harbour with picturesque white canvas, fills the club house with entertaining chatter, festoons its shelves with trophies and infects the place with a fierce competitive spirit. Winners of big national races can go on to compete for their clubs at world championships. There is a commercial imperative, too: our sails and hulls offer an advertising space often favoured by blue chip companies, jewellers and luxury retailers.
If the capital needed inspiration, it could do worse than look down the road. Dubai has developed a sailing club on Jumeirah beach, which has become the focal point for a flourishing tradition. Last week's Class 44 Championship and the forthcoming Louis Vuitton series illustrate how a vibrant grassroots sailing club can be a catalyst for attracting major international events.
The time is ripe to consolidate the sailing clubs of the capital. Until Abu Dhabi realises the value of the humble sailor, its dreams of becoming a great yachting capital may remain just that or, even worse, end up as a series of lifeless boat parks.
@Email:tashby@thenational.ae
Tom Ashby is the business editor of The National
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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