One of the reasons the US TV series Friends was such a success was because everyone wanted to "live across the hall".
It looked like the perfect solution for young singles, offering the independence of their own apartments allied with with the communal space of The Central Perk coffee shop near by.
Now developers in Dubai are hoping to re-create that ambience with a peppering of specially designed apartment blocks, which they say embody the spirit of co-living.
Our residents want to live with like-minded people. They don't need a large living space, but they want a ready-made social life.
The studios and one or two-bedroomed flats are small, but the shared facilities are second to none, and in some cases include utilities such as a screening room, a fabrication lab and a pet grooming space, alongside the usual pool, gym and co-working facilities.
Sceptics might call this clever marketing, but Alistair Mac Bean, the architect of Hive Coliv in Jumeirah Village Circle, insists their 170-room development is unique.
“We're trying to foster the correct environment for interaction between communities, a place where people can connect with like-minded people.
"Part of the whole activation of the space is in the curation, so we will have a dedicated operation management team that will really get the residents involved in the shared spaces, with a buzzing social calendar."
Convenience and affordability are two key components of co-living, a trend that started in the expensive, densely populated cities of New York and London.
But Hive Coliv’s founder, Bass Ackermann, is keen to emphasise that their version of affordable does not mean student-style accommodation.
“If you're looking for a single occupancy unit, it'll be the same price that you're paying for any other studio or one-bedroom in the Marina or Business Bay.
Luxury living that offers homely comforts
“But you can't compare it on a like-to-like basis because we're adding in different features. From a hospitality point of view, everything's included – your cleaning services, your Dewa, your internet, your Netflix.”
The UNA development in Town Square Dubai is also pitched at young professionals and young families. The operators, Nshama, imagine the 930 sq m lobby lounge acting as the social hub of the building, with workstations, a music room, a games corner, reading space and creative zone.
Residents have just started moving in, and chief executive Fred Durie described the location as "a perfect fit to the start-up, digital-savvy youth of our times, who value privacy and individuality, yet cherish the joy of social collaboration".
UNA also offers a concierge service, despite being priced for middle-income professionals.
That premium offering is something the managers of another co-living development, Mag318, enlisted to attract their upmarket clientele.
The newly opened block of 439 apartments in Business Bay has the feel of a private members club, something the operators, Bespoke Property Management, deliberately fostered.
Manager, Daisy Dingemans formerly ran the residences at five-star hotels such as Palazzo Versace and the Kempinski, and looks to bring the same level of service to co-living in Dubai.
“We place a high value on guest history. Our concierge staff get know the residents and their families, and they are passionate about knowing their preferences and requirements.
“Our residents want to live with like-minded people. They don’t necessarily need a large living space, because they’re busy. But they want to live in luxury, with a ready-made social life.”
Dubai well placed to house a growing virtual workforce
Flexibility is another flagship for the co-living proponents. Thanks to Covid-19, the dream of living like a digital nomad is more of a reality for millions driven out of their offices and on to their laptops at home. No longer the milieu of young creatives, working remotely is now conceivable for executives, consultants and accountants.
Dubai is well placed to attract these roaming individuals, as authorities seek to limit restrictions on movement during the Covid-19 pandemic allowing residents to live lives close to normality.
The UAE also has the second-highest rate of coronavirus vaccination in the world, after Israel.
To capitalise on its fortuitous position, the government has created a virtual working programme to accommodate professionals wanting to live in the emirate, while employed by companies overseas.
These middle-class migrants are exactly the people Hive Coliv and Bespoke hope to house.
Bespoke Property Management is already offering studios and apartments at Mag318 by the month, and if residents leave, they can store their possessions on site, and have their personal effects put back in place just ahead of their return.
Mr Ackermann is also planning for Hive Coliv’s leases to be flexible to attract those fresh-off-the-plane expatriates.
“We all went through the same thing. You get off a plane, you're unfamiliar, you're in a place where they're asking for large deposits, and asking you to commit yourself to a long lease," he said.
“What we're trying to do is to create a landing pad, a step up into society. We're trying to foster community, to create a place where someone comes over and they don't feel like a foreigner.
“So it might be a digital nomad that needs a base to work from for a couple of months, or it might be an artist or creator who's looking for a bit of inspiration, or to connect with other people. Or it might be a young broker or a recruiter who just wants a more flexible sort of plug-and-play type living solution.”
Director: Paul Weitz
Stars: Kevin Hart
3/5 stars
UAE currency: the story behind the money in your pockets
The biog
Favourite book: Homegoing by Yaa Gyasi
Favourite holiday destination: Spain
Favourite film: Bohemian Rhapsody
Favourite place to visit in the UAE: The beach or Satwa
Children: Stepdaughter Tyler 27, daughter Quito 22 and son Dali 19
Premier League results
Saturday
Crystal Palace 1 Brighton & Hove Albion 2
Cardiff City 2 West Ham United 0
Huddersfield Town 0 Bournemouth 2
Leicester City 3 Fulham 1
Newcastle United 3 Everton 2
Southampton 2 Tottenham Hotspur 1
Manchester City 3 Watford 1
Sunday
Liverpool 4 Burnley 2
Chelsea 1 Wolverhampton Wanderers 1
Arsenal 2 Manchester United 0
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
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Day 1, Abu Dhabi Test: At a glance
Moment of the day Dimuth Karunaratne had batted with plenty of pluck, and no little skill, in getting to within seven runs of a first-day century. Then, while he ran what he thought was a comfortable single to mid-on, his batting partner Dinesh Chandimal opted to stay at home. The opener was run out by the length of the pitch.
Stat of the day – 1 One six was hit on Day 1. The boundary was only breached 18 times in total over the course of the 90 overs. When it did arrive, the lone six was a thing of beauty, as Niroshan Dickwella effortlessly clipped Mohammed Amir over the square-leg boundary.
The verdict Three wickets down at lunch, on a featherbed wicket having won the toss, and Sri Lanka’s fragile confidence must have been waning. Then Karunaratne and Chandimal's alliance of precisely 100 gave them a foothold in the match. Dickwella’s free-spirited strokeplay meant the Sri Lankans were handily placed at 227-4 at the close.
The Birkin bag is made by Hermès.
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
Wenger's Arsenal reign in numbers
1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
704 - wins to date as Arsenal manager.
3 - Premier League title wins, the last during an unbeaten Invincibles campaign of 2003/04.
1,549 - goals scored in Premier League matches by Wenger's teams.
10 - major trophies won.
473 - Premier League victories.
7 - FA Cup triumphs, with three of those having come the last four seasons.
151 - Premier League losses.
21 - full seasons in charge.
49 - games unbeaten in the Premier League from May 2003 to October 2004.
Tips for used car buyers
- Choose cars with GCC specifications
- Get a service history for cars less than five years old
- Don’t go cheap on the inspection
- Check for oil leaks
- Do a Google search on the standard problems for your car model
- Do your due diligence. Get a transfer of ownership done at an official RTA centre
- Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
- Validate warranty and service contracts with the relevant agency and and make sure they are valid when ownership is transferred
- If you are planning to sell the car soon, buy one with a good resale value. The two most popular cars in the UAE are black or white in colour and other colours are harder to sell
Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com