Following the numerous restaurants that launched in 2023, notably those serving Japanese, Indian and Middle Eastern cuisine, the new year has also begun with a bang.
Dubai, especially, has launched more than a restaurant a week, as residents and visitors alike get out and about to enjoy the cooler weather. Here are eight of the latest to sample.
Alova
Cuisine: South American
The fine-dining restaurant, now open in Damac Paramount Tower B, brings Latin – most notably Peruvian – dishes to Business Bay. The interior is replete with potted plants, and there's even a whimsical sculpture of a llama, the oldest domesticated animal in Peru.
On the menu are a range of ceviche and anticuchos, plus bay scallop conchitas with Parmesan cheese, fish nuggets and the crunchy-creamy puka tika.
Daily, 6.30pm-11.30pm; Business Bay; 04 331 1054
BCH: CLB
Cuisine: Mediterranean
Unlike its peers, the latest beach club to open in Dubai is not on Palm Jumeirah’s West beach, but rather in the area’s W hotel. An outside-to-inside layout comes complete with an expansive deck with daybed loungers (from Dh300), double beds and poolside cabanas, plus all-white seating wrapped around jewel-toned tables.
While music is the main event at BCH: CLB, it also serves a variety of cold and hot dishes.
These include tuna pop tarts, sea bass ceviche, burrata pizza, watermelon-feta salad and the delectable-looking mountain toast, which comes with Wagyu, caviar and truffle on buttery brioche.
Open Sunday to Wednesday, 11am-7pm, and Thursday to Saturday, 11am-midnight; W Dubai – The Palm, West Crescent; 058 575 0805
Cala Vista
Cuisine: Italian
Open for long, lazy lunches and late-night feasts, Cala Vista is at Jumeirah Mina a’Salam, with views of Burj Al Arab interspersed between its olive trees.
Helming the kitchen is chef Luca Crostelli, son of the award-winning chef behind Pierchic, Beatrice Segoni. From Crostelli’s menu, diners can sample beef carpaccio, sea bream crudo and fritto misto to start; wood-fired pizzas with gluten-free dough available; home-made pasta including ricotta spinach gnudi, eggplant tortelloni, and lobster spaghetti; plus mains such as grilled fish, Italian meatballs and veal cutlets.
Classic tiramisu aside, dessert includes Amalfi lemon sorbet with lemon cream, crumble and basil jelly.
Daily, 12.30pm-midnight; Umm Suqeim 3; 800 323 232
Celeste
Cuisine: French
Red velvet drapes, checkerboard floors, leather sofas, wooden elements and gold accents, this lounge at SO/Uptown Dubai Hotel is inspired by Paris’s Montmartre neighbourhood to one of Dubai’s newest hotels, SO/Uptown in JLT.
Live music acts will channel eclectic Parisian-Pigalle, while the menu includes delicacies such as oysters, Sturia caviar and truffle mille feuille.
Opens January 22; 6pm-2am; Jumeirah Lakes Towers; 04 820 8888
Ilios
Cuisine: Greek-Mediterranean
The rooftop restaurant in Radisson Beach Resort Palm Jumeirah channels the Grecian capital Athens and the island of Mykonos by way of its vibrant food and plate smashing tradition. A coming Saturday brunch, meanwhile, will draw its inspiration from romantic Santorini.
On the a la carte menu are appetisers such as tiger prawn saganaki; feta cheese pie; and octopus carpaccio in Romesco sauce with pumpkin seeds, diced, crispy potato and kumquat. Mains include yiouvetsi short ribs orzo in tomato sauce; melitzanosalata, smoked eggplant in roasted red bell pepper chutney; and lobster fettuccine. Loukoumades and a Greek orange pie make up dessert.
Opens January 27; 1pm-2am Tuesday to Sunday (closed Monday); West Beach, Palm Jumeirah; 058 559 4222
Salvaje
Cuisine: Japanese
Following outposts in Panama City, Miami, Madrid, Barcelona, Paris and Saudi Arabia, Salvaje opened with a bang on the last day of last year, and began welcoming a la carte diners this month.
At The Address Opera Residences in Downtown Dubai, the two-level resto-lounge is designed by award-winning Spanish interior designer Lazaro Rosa-Violan (also the man behind the coming SushiSamba in Abu Dhabi) and is replete with tropical colours and patterns, and luxe materials.
Chef Fermin Azkue’s menu showcases the “wild side of Japanese gastronomy”. The signature SLVJ roll, for instance, comes with snow crab, chives, hamachi sashimi, guacamole, toro tartar truffled egg sauce and porcini. Prime steak aside, other dishes include Japanese tacos, angry chicken, short-rib yakisoba noodles, duck fried rice and red prawns with yuzu hollandaise.
Daily, noon-4pm and 7pm-1am; Downtown Dubai; 04 570 3653
Smoki Moto
Cuisine: Korean steakhouse
Korean food is having a moment, and the latest addition to the scene is a licensed spot beachside at Marriott Resort, Palm Jumeirah.
Split into a butcher shop, lounge, Korean pancake station and the main grill area, Smoki Moto offers dishes that are authentic and premium.
On the menu are such delicacies as foie gras bibimbap, truffle potato jeon, 48-hour galbi-marinated chicken, Wagyu brisket in soybean stew and chilled noodles. Desserts include mango and passion fruit bingsu and red bean creme brulee.
Open Monday to Thursday, 5pm-1am, and 5pm-2am, Friday to Sunday; Palm Jumeirah; 04 666 1111
Tamada
Cuisine: International
On the 74th floor of SLS Dubai Hotel & Residences, the fine-dining venue promises to cater for Dubai's diverse palate and cultural vibrancy, and the name is inspired by the Georgian word meaning “toastmaster of the feast”.
The focus is on premium ingredients, notably caviar. Dishes include roast baked potato with caviar, 12-hour braised beef cheek, Russian smoked salmon, Wagyu beef Tomahawk steak, bluefin tuna, and star anise with raspberry and lemon confit.
Open Wednesday to Sunday, 8pm-3am; Marasi Drive; 04 607 0737
Company profile
Name: Thndr
Started: October 2020
Founders: Ahmad Hammouda and Seif Amr
Based: Cairo, Egypt
Sector: FinTech
Initial investment: pre-seed of $800,000
Funding stage: series A; $20 million
Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC, Rabacap and MSA Capital
The biog
Favourite hobby: taking his rescue dog, Sally, for long walks.
Favourite book: anything by Stephen King, although he said the films rarely match the quality of the books
Favourite film: The Shawshank Redemption stands out as his favourite movie, a classic King novella
Favourite music: “I have a wide and varied music taste, so it would be unfair to pick a single song from blues to rock as a favourite"
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
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MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
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.”
UAE currency: the story behind the money in your pockets
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Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
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Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
First Person
Richard Flanagan
Chatto & Windus