Imagine living in a neighbourhood where residents can take a leisurely stroll from Spain to China before travelling from Morocco to France on foot.
All this is possible in one of Dubai’s brightest and more affordable districts, International City, a bustling spot with global appeal.
It has pink, yellow and sand-coloured three-storey buildings, divided into clusters that represent different nations.
Unlike most Dubai communities, where a car is a necessity, residents here can walk to the supermarkets, restaurants and cafes found on the ground floors of most buildings.
Another ingredient contributing to the international flavour is the well-known Dragon Mart, a Chinese mall that attracts huge numbers of visitors from across the emirate thanks to its competitive prices and wealth of goods.
Many residents have lived in International City for more than a decade, choosing apartments which range from studios to two-bedroom homes.
Syed Yaseen, 40, lives in the England section and remembered a time when there were few options to eat out.
“The England and China cluster were ready first but shopping was restricted to Chinese products in Dragon Mart,” says Mr Yaseen, a Pakistani who works for an entertainment company.
“The location is unbeatable because it is the only community connected to two major roads – Al Khail and Sheikh Mohammed bin Zayed. Plus, for movies we can go to Dragon Mart 2, so it’s really very convenient.”
A magnet for bargain hunters, Dragon Mart is packed with Chinese products including garments, jewellery, furniture, electronic goods and home interior offerings.
Its popularity led to the opening of Dragon Mart 2, an expanded zone that includes entertainment and more dining options.
People from a diverse range of countries such as Pakistan, Nigeria, India, the Philippines, Egypt and Morocco are long-time residents in clusters from the Spanish zone to the English sector. But the busiest and most popular section is the China cluster.
For many Chinese families, hearing a familiar language spoken on the streets encouraged them to make the move from Bur Dubai and Deira.
Groups of women carry light-coloured parasols to shield themselves from the winter sun and walk to cafes, stores and salons that have display large Chinese-language signboards.
Grandparents with toddlers push strollers and stop to chat on street corners with other elderly residents.
It is a world in one city in which people from an array of cultures and nationalities feel right at home.
“My in-laws don’t speak English so it would be very difficult for them to live in any other place,” said Huafei Li, a Chinese father of three boys aged two, five and seven.
“The children play together in the evening and are taken care of by grandparents. My in-laws have made friends with other grandparents and they go out within the area. It would not have been possible anywhere else.
“As Chinese people, we like our tea and since we have good friends who live near by, they can go over for tea to see each other.”
Mr Huafei, 41, practises acupuncture in a medical centre in Umm Suqeim and eats in restaurants near home when his family is on holiday in China.
Apart from Chinese people, residents from Vietnam, Taiwan and Thailand head to the busy Wenzhou Supermarket.
It stocks fresh produce such as plump green chillies, extra-long cucumbers, broad beans and shelves stacked with sheets of dried soy bean, varieties of shiitake mushroom, kelp, roasted fish and squid.
For Yan Li Liu, a luxury goods saleswoman, being able to find food from home and seeing her son Aiden, three, speak the Chinese language gives her a sense of being back in her native province of Hebei near Beijing.
“My son’s English is good because he speaks the language the whole day in the nursery,” Ms Yan said. “But I was concerned about his Chinese. In no other place would I find so many Chinese people.
“My neighbours are Chinese so my son can practise regularly. We speak Chinese all the time on the street and in restaurants. Living in International City to me is like living in China.”
Residents say easy access to Asian cuisine keeps them loyal to the community despite a lack of parking, and the need for more green spaces and a convenient hospital.
Security has improved, with guards posted at each building and patrol cars cruising the streets.
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Some people find reasons to grumble, but International City’s low rents and sense of community keeps most here for years.
“Car rental companies took over the parking areas because there is no assigned parking per apartment,” said Ophelia Mendoza, a Filipina who works with a travel company a few minutes away from her home in the Spanish cluster.
“So when my husband returns home at night, he needs to search for a long time to find parking and usually finds a space far away from our building.”
Rent for a one-bedroom apartment is about Dh32,000 and a two-bedroom home costs about Dh52,000.
But the low rental prices have also attracted groups of bachelors, with some companies buying several apartments to act as labour accommodation and then packing in as many as eight men to a studio.
“I would prefer my neighbours to be other families and not groups of men,” Ms Mendoza said. “We argue with some people about cleanliness every day.
“But then, I think in every place there will be some complaint. As long as the men are not loud and don’t make a nuisance, it is OK.
“This is a very reasonable and convenient place for us and also for them, so we will continue to live here.”
UAE currency: the story behind the money in your pockets
Dates for the diary
To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:
- September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
- October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
- October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
- November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
- December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
- February 2, 2018 Bodytree will host its 4th annual yoga market.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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MATCH INFO
Uefa Champions League semi-final, first leg
Barcelona v Liverpool, Wednesday, 11pm (UAE).
Second leg
Liverpool v Barcelona, Tuesday, May 7, 11pm
Games on BeIN Sports
World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
UAE fixtures
Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final
Conservative MPs who have publicly revealed sending letters of no confidence
- Steve Baker
- Peter Bone
- Ben Bradley
- Andrew Bridgen
- Maria Caulfield
- Simon Clarke
- Philip Davies
- Nadine Dorries
- James Duddridge
- Mark Francois
- Chris Green
- Adam Holloway
- Andrea Jenkyns
- Anne-Marie Morris
- Sheryll Murray
- Jacob Rees-Mogg
- Laurence Robertson
- Lee Rowley
- Henry Smith
- Martin Vickers
- John Whittingdale
New schools in Dubai
Fifa Club World Cup:
When: December 6-16
Where: Games to take place at Zayed Sports City in Abu Dhabi and Hazza bin Zayed Stadium in Al Ain
Defending champions: Real Madrid
MATCH INFO
Kolkata Knight Riders 245/6 (20 ovs)
Kings XI Punjab 214/8 (20 ovs)
Kolkata won by 31 runs
UAE'S%20YOUNG%20GUNS
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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.”
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
More on animal trafficking
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MATCH INFO
Quarter-finals
Saturday (all times UAE)
England v Australia, 11.15am
New Zealand v Ireland, 2.15pm
Sunday
Wales v France, 11.15am
Japan v South Africa, 2.15pm
PROFILE
Name: Enhance Fitness
Year started: 2018
Based: UAE
Employees: 200
Amount raised: $3m
Investors: Global Ventures and angel investors
Heavily-sugared soft drinks slip through the tax net
Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.
Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.
A 680ml can of Arizona Iced Tea costs just Dh6.
Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.