Ali Khalifa, founder You Better Fly
Ali Khalifa, founder You Better Fly
Ali Khalifa, founder You Better Fly
Ali Khalifa, founder You Better Fly

How Ali Khalifeh is boosting Dubai's 'sneakerhead' community, even in the pandemic


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  • Arabic

Holy grail. That’s the term used by “sneakerheads” to describe their all-time list of most coveted trainers. The impossible-to-get-hold-of ones, with the eye-watering price tags. Every collector has their own holy grail and, once obtained, the shoes are guarded closely. Usually.

Ali Khalifeh, the man behind youbetterfly, which opened in Dubai in 2018 and resells trainers, comes at things a little differently. For example, for the recent launch of the youbetterfly space within That Concept Store in Dubai’s Mall of the Emirates, Khalifeh turned his most precious trainers into a decorative wall feature. “It was like going into an art gallery, but for sneakers,” he explains. “Because that’s how I look at it, personally.

Youbetterfly at That Concept Store in Mall of the Emirates. Photo: youbetterfly
Youbetterfly at That Concept Store in Mall of the Emirates. Photo: youbetterfly

“We saw it as a good opportunity,” Khalifeh says of the tie-up with That Concept Store. “It’s a beautiful space, where you can shop, eat, grab a coffee, have a meeting and do sport. You can do everything in one space and, for us, sneakers are part of who you are.

"But we wanted to do it in a unique way. You can’t go into a sneakers store and see a pair of Jordan 1987s or Yeezy Red Octobers; it’s not a regular thing to see. We wanted it to be a mix of streetwear and in-demand sneakers and the Vault, sneakers that have a story or history behind them.”

Trainers may now be mainstream and created by luxury brands such as Prada, Louis Vuitton and Dior, but not that long ago, they were the reserve of sports players, clubbers and skateboarders. For collectors such as Khalifeh, they have exerted a magnetic pull since 1985, when basketball player Michael Jordan teamed up with Nike to create his own line.

Ali Khalifeh bought his first pair of Jordans in 1997. Photo: youbetterfly
Ali Khalifeh bought his first pair of Jordans in 1997. Photo: youbetterfly

“I really started at a young age, watching NBA back in Lebanon, seeing Michael Jordan and hearing reporters talking about his shoes,” Khalifeh says. “In 1997, I got my first Jordans. I literally begged my parents to get them, and every year I would only get one pair of shoes. I used to wear them to every single event, even weddings. And people would ask: ‘What are you doing?’ But it’s me.”

Having studied computer science, Khalifeh relocated to Dubai. Once in the UAE, he dedicated himself to bolstering his shoe collection. “At one point, I had 150 pairs. I literally spent my entire salary and bonus on buying sneakers.”

Acquiring the latest kicks and owning the best streetwear became more than just a hobby for Khalifeh. Realising it was a passion that ran through his veins, he took the plunge, quit his job and founded youbetterfly. Khalifeh knew it would be more than simply a shop, but a way to bring the collecting community together.

“I thought, why not? Let’s try this because there is no outlet for sneakerheads.” At first, he sold off parts of his own collection (“it didn’t feel that bad,” he admits). But were there any that he later regretted getting rid of? Red Octobers, he says. “But then I got them back.”

Some of the trainers offered by youbetterfly. Photo: youbetterfly
Some of the trainers offered by youbetterfly. Photo: youbetterfly

Created by musician and fashion designer Kanye West, Red Octobers are widely accepted as a must-have for every serious collector, and were launched in 2014 via West’s Twitter account. After the launch of two other Nike Air Yeezy 2s, the Red Octobers were released without warning and had a limited run. They have been highly sought after ever since.

“My first bonus ever, I spent on Red Octobers,” Khalifeh says, laughing. “And I have flipped this pair something like four times. If I got a good price, I’d say, I will sell. And once I sold them, I’d look at my collection and think, I wish I had the Red Octobers and if I get a good deal I will buy them again. But this time, I am never going to get rid of them. I am keeping them in my collection.”

There are a few other pairs that he has also vowed to hang on to. “I have a signed pair by Kanye West from his Yeezy tour, and it’s crazy how they ended up in Dubai. There is a video of West signing them. Someone threw them on stage, he grabbed them and signed them. Now they are here, in my collection with a certificate of authentication and the video for proof. Then I have the Mars Yard 2.0 by an artist called Tom Sachs,” he says.

The stuff of legend, the Nike Mars Yard 2.0 are remakes of a 2017 design, made from fabric used by Nasa for the Mars rover, with detailing taken from the Apollo Lunar overshoe. To get hold of a pair, would-be buyers had to complete a Nasa obstacle course, dubbed Space Camp, and then watch an art film by Sachs. Little wonder Khalifeh has no desire to part with them.

“And then I have my first-ever Jordans, the 1997 play-offs. And the Chicago OG ‘85s.” These are another solid investment. At the time of writing, Jordan 1 OG Chicagos (1985) were available on the resale site StockX for $34,000 a pair.

Based on a love of basketball shoes – even Khalifeh’s dog is called Nike – the youbetterfly space is not so much a shop as a warehouse, in a decidedly unfashionable part of Al Quoz. “It’s not a typical space, like in a mall or in a hyped area,” he says. It houses a basketball court and even a graffiti wall, and visitors are encouraged to come and hang out. This human connection is very important, he explains, to keep things authentic.

Youbetterfly at That concept store in Mall of the Emirates. Photo: Youbetterfly
Youbetterfly at That concept store in Mall of the Emirates. Photo: Youbetterfly

“Before I had youbetterfly, I used to camp out to get my sneakers [as soon as they were released in stores]. We used to sleep in the car. It was all about the hustle and nothing beats the feeling of getting that pair at 7am when you’ve stayed awake the whole night.

“So that stays with me in terms of searching for new pairs. I don’t search online, except eBay. It’s a small community, so we know who collects what. If someone is looking for something and I know someone, I put them in touch. Or people know what I love, so [they] send me stuff and I choose what I want. That’s how we do it, through the community and connections.”

Our community is small here in the UAE and we all help each other
Ali Khalifeh

This same notion of creating for others helped Khalifeh to navigate the pandemic. “For the first two or three months we had to shut down the store. Our products are super-niche, so the first few months were really tough,” he admits. Rather than sit around, though, Khalifeh set about remodelling the space.

“I changed the warehouse layout, we grew the space, and we did it in silence. So when the country opened again, our statement was: ‘We never shut down, we just got bigger.’ It was a good way to invite people to come to the warehouse to check it out, as we had a new space for them.

“Our community is small here in the UAE and we all help each other,” Khalifeh says. “So it’s really nice to see the support around you and people reacting to the milestones you achieve.”

 


 

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

ESSENTIALS

The flights 
Fly Etihad or Emirates from the UAE to Moscow from 2,763 return per person return including taxes. 
Where to stay 
Trips on the Golden Eagle Trans-Siberian cost from US$16,995 (Dh62,414) per person, based on two sharing.

UAE currency: the story behind the money in your pockets
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'Panga'

Directed by Ashwiny Iyer Tiwari

Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta

Rating: 3.5/5

Types of policy

Term life insurance: this is the cheapest and most-popular form of life cover. You pay a regular monthly premium for a pre-agreed period, typically anything between five and 25 years, or possibly longer. If you die within that time, the policy will pay a cash lump sum, which is typically tax-free even outside the UAE. If you die after the policy ends, you do not get anything in return. There is no cash-in value at any time. Once you stop paying premiums, cover stops.

Whole-of-life insurance: as its name suggests, this type of life cover is designed to run for the rest of your life. You pay regular monthly premiums and in return, get a guaranteed cash lump sum whenever you die. As a result, premiums are typically much higher than one term life insurance, although they do not usually increase with age. In some cases, you have to keep up premiums for as long as you live, although there may be a cut-off period, say, at age 80 but it can go as high as 95. There are penalties if you don’t last the course and you may get a lot less than you paid in.

Critical illness cover: this pays a cash lump sum if you suffer from a serious illness such as cancer, heart disease or stroke. Some policies cover as many as 50 different illnesses, although cancer triggers by far the most claims. The payout is designed to cover major financial responsibilities such as a mortgage or children’s education fees if you fall ill and are unable to work. It is cost effective to combine it with life insurance, with the policy paying out once if you either die or suffer a serious illness.

Income protection: this pays a replacement income if you fall ill and are unable to continue working. On the best policies, this will continue either until you recover, or reach retirement age. Unlike critical illness cover, policies will typically pay out for stress and musculoskeletal problems such as back trouble.

ICC Awards for 2021

MEN

Cricketer of the Year – Shaheen Afridi (Pakistan)

T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)

ODI Cricketer of the Year – Babar Azam (Pakistan)

Test Cricketer of the Year – Joe Root (England)

WOMEN

Cricketer of the Year – Smriti Mandhana (India)

ODI Cricketer of the Year – Lizelle Lee (South Africa)

T20 Cricketer of the Year – Tammy Beaumont (England)

SPECS

Toyota land Cruiser 2020 5.7L VXR

Engine: 5.7-litre V8

Transmission: eight-speed automatic

Power: 362hp

Torque: 530Nm

Price: Dh329,000 (base model 4.0L EXR Dh215,900)

Roll%20of%20Honour%2C%20men%E2%80%99s%20domestic%20rugby%20season
%3Cp%3E%3Cstrong%3EWest%20Asia%20Premiership%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%0D%3Cbr%3ERunners%20up%3A%20Bahrain%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Premiership%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Jebel%20Ali%20Dragons%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Hurricanes%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Division%201%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Sharks%0D%3Cbr%3ERunners%20up%3A%20Abu%20Dhabi%20Harlequins%20II%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Division%202%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%20III%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Sharks%20II%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDubai%20Sevens%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Hurricanes%3C%2Fp%3E%0A
UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Multitasking pays off for money goals

Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.

That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.

"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.

Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."

People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.

"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."

PREMIER LEAGUE RESULTS

Bournemouth 1 Manchester City 2
Watford 0 Brighton and Hove Albion 0
Newcastle United 3 West Ham United 0
Huddersfield Town 0 Southampton 0
Crystal Palace 0 Swansea City 2
Manchester United 2 Leicester City 0
West Bromwich Albion 1 Stoke City 1
Chelsea 2 Everton 0
Tottenham Hotspur 1 Burnley 1
Liverpool 4 Arsenal 0

Indian origin executives leading top technology firms

Sundar Pichai

Chief executive, Google and Alphabet

Satya Nadella

Chief executive, Microsoft

Ajaypal Singh Banga

President and chief executive, Mastercard

Shantanu Narayen

Chief executive, chairman, and president, Adobe

Indra Nooyi  

Board of directors, Amazon and former chief executive, PepsiCo

 

 

Recipe: Spirulina Coconut Brothie

Ingredients
1 tbsp Spirulina powder
1 banana
1 cup unsweetened coconut milk (full fat preferable)
1 tbsp fresh turmeric or turmeric powder
½ cup fresh spinach leaves
½ cup vegan broth
2 crushed ice cubes (optional)

Method
Blend all the ingredients together on high in a high-speed blender until smooth and creamy. 

Specs – Taycan 4S
Engine: Electric

Transmission: 2-speed auto

Power: 571bhp

Torque: 650Nm

Price: Dh431,800

Specs – Panamera
Engine: 3-litre V6 with 100kW electric motor

Transmission: 2-speed auto

Power: 455bhp

Torque: 700Nm

Price: from Dh431,800

Updated: October 13, 2021, 5:02 AM`