Separated off from the busy main roads by imposing wrought iron gates and armed police checkpoints, Kensington Palace Gardens is the place where the rich and famous dream of living.
The almost 1km long tree-lined avenue of Italianate and Queen Anne-style mansions close to the palace home of Prince William, Kate Middleton and their new son Prince George, is one of the most exclusive - and expensive - addresses on the planet.
You don't have to be a billionaire to buy a house in this well-established address, but multimillionaires may blanch at the prices.
According to press reports last month, Prince Abdul Aziz bin Fahd, the son of the late King Fahd of Saudi Arabia, instructed Knight Frank to market his luxury pad on the street for an estimated £150 million (Dh864m).
The average cost of a house on the street, which was laid out in 1843, stands at £19.2 million - 93 times the UK average - according to the property sales website Zoopla.
Forget the film stars and their mansions in Beverly Hills, to live here you need assets in the oligarch league, sums more in line with a small country's annual income.
Overseas governments including those of Russia, India, France, Nepal, Finland, Lebanon, Kuwait, Japan, Slovakia, the Czech Republic, Romania and Norway own many of the long-leasehold properties as either embassies or ambassadors' residences.
The Russian oligarch and Chelsea Football Club owner Roman Abramovich lives at number 17. The model Tamara Ecclestone, the daughter of Formula One boss Bernie Ecclestone, lives at number 8.
Other residents include the Sultan of Brunei, Hassanal Bolkiah, who has had a home here since 1989, and the founder of Foxtons estate agents, Jon Hunt, who bought his house in 2005 for £15.7m.
The street has also become a focus for Middle East money and it is understood at least 10 of the properties on the street are owned by members of the Saudi royal family.
Estate agents are divided on exactly how much the few dozen Victorian mansions on the street, which runs between High Street Kensington and Notting Hill Gate, would cost in total.
"It is still the most popular and most expensive street in London and we would value the entire street at around £2.8 billion," says Jonathan Hewlett, the head of London residential at the upmarket estate agent Savills.
"We would estimate that you would be looking at around £3.25bn because it's a trophy asset," says Ed Mead, a director at the rival estate agents Douglas & Gordon.
Even the lower estimates put the street's value at about the same monetary value as the annual GDP of Barbados.
And that is not including Kensington Palace itself, the royal residence of the Duke and Duchess of Cambridge, Prince George of Cambridge, Prince Harry, the Duke and Duchess of Gloucester and Prince and Princess Michael of Kent.
It is unlikely to be ever put up for sale but property brokers estimate if that came to the market, this grand block of regal apartments could cost at least £1bn.
Agents say Kensington Palace Gardens' owners regularly receive eye-popping offers for their properties and, on the rare occasions one of these homes does come to the market, it attracts global attention from a small but elite group of household names.
And as central London values soar, even governments are coming under pressure to sell up to the super rich and move to less established locations in the city such as the new Embassy Quarter development south of the river.
In 2004 the Russian oligarch Leonard Blavatnik bought number 15 Kensington Palace Gardens by acquiring three former Russian embassy buildings for £41m.
And in 2008 the Indian steel magnate Lakshmi Mittal, who owns 41 per cent of ArcelorMittal, the world's largest steel making company, paid £117m to buy the long leasehold of 9A, the former embassy of the Philippines, making it the most expensive house in the UK at the time.
This year the Nepalese government has revealed it is controversially considering selling its embassy at 12A, which doubles up as an official ambassadorial residence.
Government officials sent a committee to London to explore the option of offloading the mansion, which was gifted to the Nepalese in 1937 by the British in thanks for the Gurkhas' role in the First World War and other campaigns.
Such a deal could fetch the developing country as much as £150m despite the fact that the property has had little maintenance for 50 years and is said to require more than £5m of repairs.
Agents representing Mr Mittal are understood to have already expressed an interest in the property and other key names are also said to have been privately approached.
However, the Nepalese government says it is still making up its mind about the future of the 2,970 sq metre historic house, which Gurkhas regard as a key part of their history.
"I want to make it clear to you that the government has not taken any decision, so it all depends on the recommendation of the team," the Nepal foreign ministry spokesman Arjun Thapa told the BBC this year.
Because of international media interest, potential buyers have even been asked to sign confidentiality agreements before they even get to look at the house.
So why is Kensington Palace Gardens - or KPG as London estate agents like to call it - such a sought after address?
Local agents say the high police and diplomatic security on the street, coupled with a lack of traffic and its location right in the heart of west London, attracts those hunting for the very best in London property.
"It's a trophy address, possibly the best there is," says Ed Mead, a director at Douglas & Gordon.
"In the same way a hotel like the George V in Paris sells for far more than its real value - trophy assets attract a premium that doesn't correlate with the intrinsic value of the property," he adds.
"And in a world where 'mine's bigger than yours' is what counts, they don't come much bigger than this. "
lbarnard@thenational.ae
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
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.
How to get exposure to gold
Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.
A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.
Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.
Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.
London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long
However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.
Sri Lanka-India Test series schedule
- 1st Test India won by 304 runs at Galle
- 2nd Test India won by innings and 53 runs at Colombo
- 3rd Test August 12-16 at Pallekele
UAE currency: the story behind the money in your pockets
City's slump
L - Juventus, 2-0
D - C Palace, 2-2
W - N Forest, 3-0
L - Liverpool, 2-0
D - Feyenoord, 3-3
L - Tottenham, 4-0
L - Brighton, 2-1
L - Sporting, 4-1
L - Bournemouth, 2-1
L - Tottenham, 2-1
Killing of Qassem Suleimani
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
The Pope's itinerary
Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport
Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial
Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
Autumn international scores
Saturday, November 24
Italy 3-66 New Zealand
Scotland 14-9 Argentina
England 37-18 Australia
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%3Cp%3E%3Cstrong%3EEdinburgh%3A%3C%2Fstrong%3E%20November%204%20%3Cem%3E(unchanged)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBahrain%3A%3C%2Fstrong%3E%20November%2015%20%3Cem%3E(from%20September%2015)%3C%2Fem%3E%3B%20second%20daily%20service%20from%20January%201%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EKuwait%3A%3C%2Fstrong%3E%20November%2015%20%3Cem%3E(from%20September%2016)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMumbai%3A%3C%2Fstrong%3E%20January%201%20%3Cem%3E(from%20October%2027)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAhmedabad%3A%3C%2Fstrong%3E%20January%201%20%3Cem%3E(from%20October%2027)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColombo%3A%3C%2Fstrong%3E%20January%202%20%3Cem%3E(from%20January%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMuscat%3A%3C%2Fstrong%3E%3Cem%3E%20%3C%2Fem%3EMarch%201%3Cem%3E%20(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ELyon%3A%3C%2Fstrong%3E%20March%201%20%3Cem%3E(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBologna%3A%3C%2Fstrong%3E%20March%201%20%3Cem%3E(from%20December%201)%3C%2Fem%3E%3C%2Fp%3E%0A%3Cp%3E%3Cem%3ESource%3A%20Emirates%3C%2Fem%3E%3C%2Fp%3E%0A
The more serious side of specialty coffee
While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.
The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.
Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”
One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.
Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms.
10 tips for entry-level job seekers
- Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
- Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
- Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
- For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
- Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
- Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
- Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
- Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
- Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
- Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.
Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz
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%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E6-cylinder%2C%204.8-litre%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E5-speed%20automatic%20and%20manual%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E280%20brake%20horsepower%20%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E451Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh153%2C00%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
