At a market value of Dh100 million and surrounded by 1,500-year-old trees imported from Andalucia, the Sweden Beach Palace is every bit the last word in luxury.
Getting to the island takes a 4 kilometre boat trip in to the Heart of Europe project – a six-island cluster in the middle of Dubai's The World islands.
At the moment it is a sea of construction work, but by 2020 the developers insist it will be something akin to a resort in the Maldives.
Inside the palace, life is as opulent as you might expect: the sofa cushion covers are made by Bentley, to give you an idea of the attention to detail.
The lower floor is home to an impressive gym, a sauna and a snow room, which pours ice from the ceiling forming a chilly pile taller than most people – there is no doubt that you are in the realm of the mega-rich here.
Upstairs, or up-lift (this is Dubai after all), lies the master bedroom. The view is nothing short of astonishing and there is an unusual circular bed and a freestanding bath – made from solid marble, naturally.
Up further, and there is an entire floor that could have been designed by a Bond villain. It is designed to mimic the stern of a Viking ship, and it sits around a model of the entire Heart of Europe project.
The room's 360-degree view is impressive, and it will be even more impressive when the construction work is done and there is only sea and sand on the horizon.
It isn’t hard to imagine this place being the location of choice for billionaires on New Year’s Eve as they party and toast their good fortune to own such a property.
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Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
MATCH INFO
Asian Champions League, last 16, first leg:
Al Ain 2 Al Duhail 4
Second leg:
Tuesday, Abdullah bin Khalifa Stadium, Doha. Kick off 7.30pm
Killing of Qassem Suleimani
Mobile phone packages comparison
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Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
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HAJJAN
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Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
Killing of Qassem Suleimani
Killing of Qassem Suleimani
TEACHERS' PAY - WHAT YOU NEED TO KNOW
Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:
- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools
- average salary across curriculums and skill levels is about Dh10,000, recruiters say
- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance
- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs
- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills
- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month
- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues
Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
Sunday's games
Liverpool v West Ham United, 4.30pm (UAE)
Southampton v Burnley, 4.30pm
Arsenal v Manchester City, 7pm
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
UAE currency: the story behind the money in your pockets
The five pillars of Islam
