Stuart Hughes's latest take on the iPhone, a gold-encased iPhone 4, will soon be available in the UAE. It will not be as expensive has his Supreme Rose iPhone 3GS, above,but it is still sure to turn heads.
Stuart Hughes's latest take on the iPhone, a gold-encased iPhone 4, will soon be available in the UAE. It will not be as expensive has his Supreme Rose iPhone 3GS, above,but it is still sure to turn heads.
Stuart Hughes's latest take on the iPhone, a gold-encased iPhone 4, will soon be available in the UAE. It will not be as expensive has his Supreme Rose iPhone 3GS, above,but it is still sure to turn heads.
Stuart Hughes's latest take on the iPhone, a gold-encased iPhone 4, will soon be available in the UAE. It will not be as expensive has his Supreme Rose iPhone 3GS, above,but it is still sure to turn h

Gold-plated iPhone 4G: but does it have a blingtone?


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DUBAI // The newest version of Apple's iPhone may not be for sale in the UAE yet, but one dealer is already preparing to bring his own unique take on it to these shores: an iPhone 4 encased in solid gold.

Stuart Hughes, a British designer, created what he claims is the world's most expensive phone, based on the previous version of the popular gadget, the iPhone 3Gs. Costing a whopping £1.93m (Dh10.8m), Mr Hughes' previous iPhone creation, the iPhone 3GS Supreme Rose, featured an 18-carat gold casing and nearly 200 diamonds. The home button on the face of the handset was made from a single cut diamond.

Mukhtar Badrudin, who sells Hughes' products in Dubai, says that several of the Supreme Rose phones have been sold in the region, including to customers in the UAE, Kuwait and Qatar. He adds that he has sold 16 of the iPhone creations in the UAE thus far. He now plans to sell Mr Hughes' golden iPhone 4 in Dubai. Encased in 24 carat gold, it will cost around Dh12,200. According to Mr Badrudin, it will be available here "soon", along with special versions of the iPad, Apple's touchscreen tablet computer.

Mr Hughes' "Supreme Fire" iPad, containing 2.5 kilograms of 24 carat gold, will cost around Dh610,000, while one made of solid platinum and encrusted with 173 diamonds will be available for around Dh550,200. Mr Badrudin said he had already received several inquiries about the iPad. "I've been told to try and get them in during Ramadan so people can give them as presents for Eid," he said. "People have been inquiring ahead of Eid celebrations."

Each of Mr Hughes' iPhone creations is made to order, and Mr Badrudin walks each would-be owner through the list of available options, which includes diamonds in nine different shapes and colours. From his office in Liverpool, Mr Hughes then creates a computer-generated image of the piece, which is sent to the client for his or her approval. If they like the design, the buyers are asked to make a deposit in an escrow account, where it is kept until the phone is ready - which can take more than a month.

The finished products are often delivered personally to their owners by dealers - who also collect the rest of the payment. "It's important that people get that personalised service," Mr Badrudin said. "Everyone here wants something better than the next person. "It's something special and personal, it's not run-of-the-mill. These are handcrafted phones, and when you handcraft something, if you go to an event like a wedding, it's worth bringing it out."

For those concerned that the iPhone 4's reception problems - Apple has acknowledged that the phones can lose signal if they are held in a particular way - could be made worse by encasing it in solid metal, Mr Badrudin offers reassurance. "The process has no effect on the phones whatsoever," he said. And with a price tag barely double the cost of the standard 4 models that are already available on the grey market - imported without licence from Apple - Mr Hughes' newest work may find even more takers than his previous one-of-a-kind phones did.

"The iPhone 4 still isn't out here," said Nagham Akileh, a social media executive. "It's there in the grey market and you have people willing to pay Dh6,000 to get it now, rather than wait a couple of months and get it for a reasonable prices from the telecom providers. "So if there's a crazy demand at those prices, I wouldn't be surprised if people were to go for these exclusive designs as well."

mdetrie@thenational.ae

Bling H20, a luxury water brand, has launched a Dh15,000 bottle of water festooned with more than 10,000 Swarovski crystals. (The crystals are applied by hand.) Part of the store's Dubai Collection, and previously available exclusively at the Harvey Nichols department store in Mall of the Emirates, the bottles can now be bought online and come with white handling gloves so you don't smudge the crystals. And if you have a hankering for sweets, you'll soon be able to indulge in a Dh920 truffle. Chocopologie, which sells the pricey "La Madeline Au Truffe", will soon feature the treat at its new store in Dubai Festival City, which is scheduled to open later this summer. And for the toddler who has everything, how about a little - or a lot of - ice. A mere Dh62,439 will buy you a pacifier with 278 diamonds totalling three carats, set in 14-carat European white gold. Available through Personalised Pacificer.

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

The biog

Name: Capt Shadia Khasif

Position: Head of the Criminal Registration Department at Hatta police

Family: Five sons and three daughters

The first female investigator in Hatta.

Role Model: Father

She believes that there is a solution to every problem

 

Bharat

Director: Ali Abbas Zafar

Starring: Salman Khan, Katrina Kaif, Sunil Grover

Rating: 2.5 out of 5 stars

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.”

 

 

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
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Tuesday results:

  • Singapore bt Malaysia by 29 runs
  • UAE bt Oman by 13 runs
  • Hong Kong bt Nepal by 3 wickets

Final:
Thursday, UAE v Hong Kong

The Freedom Artist

By Ben Okri (Head of Zeus)

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