• Residential villas on the waterside of the Emirates Hills district. The brothers spent tens of millions on luxury property and decor. Christopher Pike / Bloomberg
    Residential villas on the waterside of the Emirates Hills district. The brothers spent tens of millions on luxury property and decor. Christopher Pike / Bloomberg
  • Villas in Emirates Hills can sell for millions or even tens of millions of dollars. Sarah Dea / The National
    Villas in Emirates Hills can sell for millions or even tens of millions of dollars. Sarah Dea / The National
  • Rajesh Gupta and Atul Gupta at an African National Congress (ANC) event in December 2012. Simphiwe Nkwali / Sunday Times / Getty Images
    Rajesh Gupta and Atul Gupta at an African National Congress (ANC) event in December 2012. Simphiwe Nkwali / Sunday Times / Getty Images
  • Last year, a group of people held protests in Pretoria, South Africa, calling for the Guptas to face justice. Getty Images
    Last year, a group of people held protests in Pretoria, South Africa, calling for the Guptas to face justice. Getty Images
  • Protesters hold placards outside Bloemfontein Regional Court where people, who were arrested after armed police raided the luxury home of the Gupta family, were due to appear in February 2018. Reuters
    Protesters hold placards outside Bloemfontein Regional Court where people, who were arrested after armed police raided the luxury home of the Gupta family, were due to appear in February 2018. Reuters
  • South African law enforcement agencies arrive to search the Gupta family compound in April 2018 in Johannesburg. AFP
    South African law enforcement agencies arrive to search the Gupta family compound in April 2018 in Johannesburg. AFP
  • Employees and contractors of the Optimum Coal Mine in Hendrina, owned by the controversial Gupta family, demonstrate in front of the gates of the mine in Hendrina, South Africa, in 2018. AFP
    Employees and contractors of the Optimum Coal Mine in Hendrina, owned by the controversial Gupta family, demonstrate in front of the gates of the mine in Hendrina, South Africa, in 2018. AFP
  • A demonstrator holds a placard that reads 'Guptas - stop gambling with our lives' outside the mine. AFP
    A demonstrator holds a placard that reads 'Guptas - stop gambling with our lives' outside the mine. AFP
  • A group of civil society activists protest outside the Gupta compound in Johannesburg's suburb of Saxonwold in April 2017, amid growing concern about the brothers' alleged involvement in state capture. AFP
    A group of civil society activists protest outside the Gupta compound in Johannesburg's suburb of Saxonwold in April 2017, amid growing concern about the brothers' alleged involvement in state capture. AFP
  • Sahara Computers headquarters, owned by the Gupta family, in Midrand, Johannesburg. Reuters
    Sahara Computers headquarters, owned by the Gupta family, in Midrand, Johannesburg. Reuters

Inside the Dubai mansion of South Africa's Gupta brothers


Ramola Talwar Badam
  • English
  • Arabic

Editorial: It's been a bad week for suspected criminals in UAE

A palatial house decorated with gold fixtures and vintage furniture is the home of the Gupta family in Dubai.

The billionaire brothers, Ajay, Atul and Rajesh Gupta, who allegedly looted billions from state-owned companies in South Africa, lived for a few years with their families in the luxury Emirates Hills community in Dubai.

Dubai Police arrested Atul and the youngest brother, Rajesh, after Interpol placed them on its most-wanted list. South African authorities have sought their arrest on charges of fraud, money laundering and allegedly bribing government officials to secure contracts.

The status of the eldest brother, Ajay, is not clear.

Almost every piece of furniture had a history, a legacy
Prateek Chaudhry,
Dubai-based designer

Very little information is available about the personal lives of the intensely private Indian family.

The National spoke to Prateek Chaudhry, a Dubai-based designer and friend of the Guptas, for a glimpse into their lives.

Founder and managing director of interior design company The First Ferry, Mr Chaudhry was a frequent visitor to their Emirates Hills home and their office in Boulevard Plaza near Burj Khalifa.

“It’s a tight-knit family. The brothers worked together and were very close,” said Mr Chaudhry.

“Everyone stayed in the same house, the brothers, their wives and children. They were one big joint family.”

Furniture once owned by the Tsars and Michael Jackson

Ajay Gupta, left, and brother Atul Gupta in Johannesburg in 2011. Atul had a penchant for luxury sofas, including one said to have been owned by pop star Michael Jackson. Getty
Ajay Gupta, left, and brother Atul Gupta in Johannesburg in 2011. Atul had a penchant for luxury sofas, including one said to have been owned by pop star Michael Jackson. Getty

When they first met in early 2018, the Guptas' assets had been frozen in South Africa as part of an investigation by law enforcement agencies.

The brothers are accused of siphoning off billions of rand in state funds and building a business empire through their ties to former president Jacob Zuma and his family.

Mr Chaudhry spent a lot of time with Atul between 2018 and 2019.

“There was no bling about him [Atul],” Mr Chaudhry said.

“He was very low profile in the way he dressed and spoke. You had to really listen to hear what he was saying.”

The Guptas' mother presided over prayers every evening.

“They ate only vegetarian food. Their mother is the centre of the home and the three brothers think the world of their mom,” he said.

“She did the puja every evening at 7pm when there was a aarti or a real big puja in the house. Anyone in the house at that time was called to be part of the prayers.”

Mr Chaudhry often discussed overseas projects with Mr Gupta from 10am until late evening, and took part in the prayers.

He was very low profile in the way he dressed and spoke. You had to really listen to hear what he was saying
Prateek Chaudhry on Atul Gupta

Duduzane Zuma, son of the former South African president and a business partner of the Guptas, was in the house and took part in an evening prayer session that Mr Chaudhry was invited to.

The Emirates Hills home had about 35 members of staff, with butlers hired from the city’s top hotels.

Gold inlay work decorated the walls of the 40,000sq ft, 10-bedroom house that boasted a grand staircase, hand-painted central dome, multiple reception rooms with marble floors, and chandeliers.

The house was furnished with antiques and collectables.

Furniture in the living rooms once belonged to Russian tsars, a sofa was owned by Michael Jackson and miniature models of six private jets that the family owns were on display.

“There was gold inlay in the walls but it was not over the top,” Mr Chaudhry said.

“I have seen the most fancy houses in Emirates Hills. Here, the gold never struck your eyes. I would define the architecture as stately.

“Almost every piece of furniture had a history, a legacy. There were several pieces of collectable furniture.

“I have seen descriptions of the house as lavish but it's not. It was a blend of wood panelling, gold and marble.”

The underground parking had space for more than 10 cars, one of which was a rare Rolls-Royce Twilight limited edition.

Luxury community

A view of the Emirates Hills community in Dubai. Photo: Belleview Real Estate
A view of the Emirates Hills community in Dubai. Photo: Belleview Real Estate

The Emirates Hills community is filled with tree-lined pathways, lush landscapes and many homes overlook lakes and green stretches of a championship golf course.

Mr Chaudhry designs the interiors of homes, yachts and landscapes in India and overseas. His boutique firm also collaborated with Gauri Khan, the wife of Bollywood movie star Shah Rukh Khan, on homes and restaurant spaces.

His ties with the Gupta family dwindled over the past few years as the family travelled more frequently overseas.

The Gupta brothers deny any wrongdoing and have fought the application of the Red Notices, saying they are the victims of a political witch hunt in South Africa.

“I don’t know about the right and wrong, I just knew him [Atul] as a person,” Mr Chaudhry said.

“I have worked with many wealthy people. He was different because when he came to my office, no one knew he was from the powerful Gupta family.

“Atul was one of the most soft-spoken people I have met in my life.

“When you work with the wealthy, they have an idea, an opinion and it's always their way.

“But with Atul, if you had a better idea he would listen to you.”

Top 5 concerns globally:

1. Unemployment

2. Spread of infectious diseases

3. Fiscal crises

4. Cyber attacks

5. Profound social instability

Top 5 concerns in the Mena region

1. Energy price shock

2. Fiscal crises

3. Spread of infectious diseases

4. Unmanageable inflation

5. Cyber attacks

Source: World Economic Foundation

match info

Southampton 0

Arsenal 2 (Nketiah 20', Willock 87')

Red card: Jack Stephens (Southampton)

Man of the match: Rob Holding (Arsenal)

The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

Company%C2%A0profile
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CONFIRMED%20LINE-UP
%3Cp%3EElena%20Rybakina%20(Kazakhstan)%3Cbr%3EOns%20Jabeur%20(Tunisia)%3Cbr%3EMaria%20Sakkari%20(Greece)%3Cbr%3EBarbora%20Krej%C4%8D%C3%ADkov%C3%A1%20(Czech%20Republic)%3Cbr%3EBeatriz%20Haddad%20Maia%20(Brazil)%3Cbr%3EJe%C4%BCena%20Ostapenko%20(Latvia)%3Cbr%3ELiudmila%20Samsonova%3Cbr%3EDaria%20Kasatkina%3Cbr%3EVeronika%20Kudermetova%3Cbr%3ECaroline%20Garcia%20(France)%3Cbr%3EMagda%20Linette%20(Poland)%3Cbr%3ESorana%20C%C3%AErstea%20(Romania)%3Cbr%3EAnastasia%20Potapova%3Cbr%3EAnhelina%20Kalinina%20(Ukraine)%3Cbr%3EJasmine%20Paolini%20(Italy)%3Cbr%3EEmma%20Navarro%20(USA)%3Cbr%3ELesia%20Tsurenko%20(Ukraine)%3Cbr%3EEmma%20Raducanu%20(Great%20Britain)%20%E2%80%93%20wildcard%3C%2Fp%3E%0A
RESULTS

Men – semi-finals

57kg – Tak Chuen Suen (MAC) beat Phuong Xuan Nguyen (VIE) 29-28; Almaz Sarsembekov (KAZ) beat Zakaria Eljamari (UAE) by points 30-27.

67kg – Mohammed Mardi (UAE) beat Huong The Nguyen (VIE) by points 30-27; Narin Wonglakhon (THA) v Mojtaba Taravati Aram (IRI) by points 29-28.

60kg – Yerkanat Ospan (KAZ) beat Amir Hosein Kaviani (IRI) 30-27; Long Doan Nguyen (VIE) beat Ibrahim Bilal (UAE) 29-28

63.5kg – Abil Galiyev (KAZ) beat Truong Cao Phat (VIE) 30-27; Nouredine Samir (UAE) beat Norapat Khundam (THA) RSC round 3.

71kg​​​​​​​ – Shaker Al Tekreeti (IRQ) beat Fawzi Baltagi (LBN) 30-27; Amine El Moatassime (UAE) beat Man Kongsib (THA) 29-28

81kg – Ilyass Hbibali (UAE) beat Alexandr Tsarikov (KAZ) 29-28; Khaled Tarraf (LBN) beat Mustafa Al Tekreeti (IRQ) 30-27

86kg​​​​​​​ – Ali Takaloo (IRI) beat Mohammed Al Qahtani (KSA) RSC round 1; Emil Umayev (KAZ) beat Ahmad Bahman (UAE) TKO round

Dengue%20fever%20symptoms
%3Cp%3EHigh%20fever%20(40%C2%B0C%2F104%C2%B0F)%3Cbr%3ESevere%20headache%3Cbr%3EPain%20behind%20the%20eyes%3Cbr%3EMuscle%20and%20joint%20pains%3Cbr%3ENausea%3Cbr%3EVomiting%3Cbr%3ESwollen%20glands%3Cbr%3ERash%26nbsp%3B%3C%2Fp%3E%0A
How it works

A $10 hand-powered LED light and battery bank

Device is operated by hand cranking it at any time during the day or night 

The charge is stored inside a battery

The ratio is that for every minute you crank, it provides 10 minutes light on the brightest mode

A full hand wound charge is of 16.5minutes 

This gives 1.1 hours of light on high mode or 2.5 hours of light on low mode

When more light is needed, it can be recharged by winding again

The larger version costs between $18-20 and generates more than 15 hours of light with a 45-minute charge

No limit on how many times you can charge

 

The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

LA LIGA FIXTURES

Saturday  (UAE kick-off times)

Leganes v Getafe (12am)​​​​​​​​​​​​​​

Levante v Alaves (4pm)

Real Madrid v Sevilla (7pm)

Osasuna v Valladolid (9.30pm)

Sunday

Eibar v Atletico Madrid (12am)

Mallorca v Valencia (3pm)

Real Betis v Real Sociedad (5pm)

Villarreal v Espanyol (7pm)

Athletic Bilbao v Celta Vigo (9.30pm)

Monday

Barcelona v Granada (12am)

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Sting & Shaggy

44/876

(Interscope)

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.”

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

EMERGENCY PHONE NUMBERS

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

Malcolm & Marie

Directed by: Sam Levinson

Starring: John David Washington and Zendaya

Three stars

Updated: June 08, 2022, 8:37 AM