Wielding a stylus pen on a computer screen, Emirati artist Abdulla Lutfi has a newfound passion for digital art.
With careful strokes, he brings to life men in kanduras seated near a campfire in the desert.
The 29-year-old artist, who is autistic, is well known in the UAE for sketching striking works using a black marker. His murals take a quirky look at life in the Emirates with Dubai landmarks as a backdrop.
The launch of his maiden NFT collection this week will broaden the reach of his distinctive black and white pieces to a wider audience across the world.
I would say khalli walli to people who don’t understand autism …. autistic people are the good guys
Abdulla Lutfi,
Emirati artist
“For digital, I use a special pen, a special app. I do this in black and white with the iPad,” said Lufti, working in a studio space at Tashkeel in Dubai’s Al Fahidi district.
“That’s how I will become more famous in art.”
Redoing a piece is far easier on the screen. On canvas, he uses a pencil first for large artworks before adding the marker. Now, he goes straight in with his digital stylus — and if he makes a mistake, a quick hit of the erase tab is all it takes to rectify the error.
“I like doing digital,” said Lufti. “Digital art is the best thing that’s ever happened.”
Learning new techniques
Much like an original painting signed by Picasso or Monet is authenticated, crypto art can be verified using an NFT — non-fungible tokens that cannot be replaced, exchanged or replicated as each one is unique.
Lufti understands launching a collection on the NFT art marketplace will help him reach more people and credits his long-time art teacher, Gulshan Kavarana, for readying him to take on a new platform.
Ms Kavarana said moving from canvas to computer screen was not easy and Lufti learnt the finer techniques on how to edit and layer from Tashkeel's office administrator, Zahra Khumri.
“With Abdulla, when you first introduce him to something new, it’s a ‘no’,” she said.
“But once he got it, there was no turning back. He now says this is much easier than canvas and asks us to take only digital commissions.”
Lufti's art is in high demand, with small canvasses starting at $800, large canvasses with detailed work that can sell for $10,000 and commissions for companies fetching up to $35,000.
His collection of about 100 NFTs starts at about $400 per piece.
Working like a digital authenticity certificate, the NFT can be sold similar to physical art increasing its value over time.
Data is stored on a blockchain or massive database where transactions are made using cryptocurrencies such as Bitcoin and Ethereum.
“Right now, he is the most sought-after artist, not because of his autism and not because he is Emirati but because he is talented,” said Ms Kavarana, who has worked with him for more than a decade.
He was among a group of artists with special needs at the Mawaheb studio, where Ms Kavarana worked before it closed during the pandemic.
She said she nudged him away from copying anime characters and encouraged him to forge his own style by capturing Emiratis in their traditional attire.
“He has created beautiful collections and people recognise the characters. It has been challenging but also amazing working with him," she said.
“He has a sense of humour. He is really, really funny, he picks up on idiosyncrasies of people and remembers it in drawings.”
Crypto journey
Akshay Gupta, a Dubai businessman and volunteer, also supported Lufti’s journey into crypto space by studying NFTs and advising on the use of online marketplace OpenSea to launch the collection.
“Digital art can be tracked and that is a big advantage for the artist as it allows them to get a commission every time the art work is resold,” he said.
“You can see the current ownership, how many hands it has changed. It actually gives joy to the artist to know how many people have bought it.
“Abdulla is a very special artist and is the first Emirati autistic artist to go into the NFT digital world, for sure.”
There has been a surge in interest in the non-conventional art, with the first NFT-based work sold by Christie’s auction house last year setting a world record for a digital art piece at $69 million.
Word of Lufti's talent has spread and he is being invited to host workshops with enthusiasts keen to learn his style.
His new series shows fast cars tailgating on UAE motorways, boisterous children in parks and parents having meltdowns trying to discipline kids.
The title of his NFT collection, 'Khalli Walli', is drawn from colloquial speech.
Lufti explains the word is equivalent to ‘forget it’ or ‘drop it’.
Asked to use the term in a sentence, he said: “I would say khalli walli to people who don’t understand autism …. autistic people are the good guys.”
Tourists and residents can view and purchase Lufti's works at the Next Chapter in Tashkeel, open from Monday to Thursday from 9am to 2pm.
His NFT collection will open on Tuesday at the Time Out Market at Souq al Bahar in Dubai at 3pm and can be accessed on https://opensea.io/abdullalutfi
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Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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.”
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Transmission: Constant Variable (CVT)
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RESULTS
Tottenham 1
Jan Vertonghen 13'
Norwich 1
Josip Drmic 78'
2-3 on penalties
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
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The specs
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Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.