London is awash with spectacular properties, and following the lifting of all UK travel rules, it is now much easier for travellers to come and see them.
The National's London luxury property series serves to whet the appetite of buyers, and this month the featured property comes from the development arm of Gulf Islamic Investments.
The key details
This is a new-build development with a restored Victorian facade, led by Grid Properties, the development arm of Gulf Islamic Investments.
The luxury London property features 15 two and three-bedroom homes and a signature duplex penthouse apartment with stunning views over Hyde Park. The design of the common areas is curated by Elie Saab, featuring pieces from its Maison collection.
Elie Saab approached the project with GII from a luxury lifestyle vision, rather than simply designing a property. Every detail is created with the future residents in mind — from spacious interiors to the design of the common areas.
MORE LONDON LUXURY PROPERTY
The residences have been built for a mature clientele looking for a pied-a-terre in the heart of London with the highest standards of luxury and comfort.
With 3.3-metre-high ceilings in the heritage side of the building, purchasers benefit from large amounts of natural light and uninterrupted views over the green spaces of Hyde Park and further across central London. Some of the apartments have spacious outdoor garden terraces, perfect for entertaining guests or relaxing after a busy day in the city.
Location-wise, the scheme is close to Kensington Palace and a few minutes from central London. The Elie Saab duplex penthouse on Bayswater Road is on the market for £9,717,666 ($12.7 million).
What the developer says
What makes the development stand out from the crowd?
It is an unparalleled opportunity to own a new build double-fronted property in prime Kensington that blends heritage, stunning views and a premium location with a modern spacious floor plan and the signature design vision of Elie Saab. It is also one of the only properties along Bayswater Road that has preserved the original Victorian facade.
Dating back to 1893, and part of the former palace court buildings erected along Bayswater Road, the development is one of the few to have survived the past 130 years, including the Nazi bombs disgorged on the city during the Second World War.
The new parts of the building were created using typical red brick and Portland stone cladding in a contemporary way, consonant with the front of the building and the heritage of the overall residential area.
What kind of buyer would the development most suit?
It will appeal to buyers that spend considerable time in London, perhaps on business, and want to live in luxury with a signature lifestyle to entertain guests when they are in town.
Why is now a good time to buy in London?
London is always in demand with buyers and GII and Elie Saab recognised this when choosing the city as its first joint venture — the first of many more.
Despite Covid-19, Brexit and other shocks, London is resilient and remains the gateway to Europe and other world cities as one of the foremost global business hubs.
— Shreen R Gupta, chief executive of Grid Properties
if you go
The flights
Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes.
The hotels
Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes.
When to visit
March-May and September-November
Visas
Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.
I Care A Lot
Directed by: J Blakeson
Starring: Rosamund Pike, Peter Dinklage
3/5 stars
Company profile
Date started: December 24, 2018
Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer
Based: Dubai Media City
Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)
Sector: ConsumerTech and FinTech
Cashflow: Almost $1 million a year
Funding: Series A funding of $2.5m with Series B plans for May 2020
Bookshops: A Reader's History by Jorge Carrión (translated from the Spanish by Peter Bush),
Biblioasis
The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Australia tour of Pakistan
March 4-8: First Test, Rawalpindi
March 12-16: Second Test, Karachi
March 21-25: Third Test, Lahore
March 29: First ODI, Rawalpindi
March 31: Second ODI, Rawalpindi
April 2: Third ODI, Rawalpindi
April 5: T20I, Rawalpindi
Getting%20there
%3Cp%3EGiven%20its%20remote%20location%2C%20getting%20to%20Borneo%20can%20feel%20daunting%20even%20for%20the%20most%20seasoned%20traveller.%20But%20you%20can%20fly%20directly%20from%20Kuala%20Lumpur%20to%20Sandakan%20and%20Sepilok%20is%20only%20half%20an%20hour%20away%20by%20taxi.%20Sandakan%20has%20plenty%20of%20accommodation%20options%2C%20while%20Sepilok%20has%20a%20few%20nature%20lodges%20close%20to%20the%20main%20attractions.%3C%2Fp%3E%0A
Quick%20facts
%3Cul%3E%0A%3Cli%3EStorstockholms%20Lokaltrafik%20(SL)%20offers%20free%20guided%20tours%20of%20art%20in%20the%20metro%20and%20at%20the%20stations%3C%2Fli%3E%0A%3Cli%3EThe%20tours%20are%20free%20of%20charge%3B%20all%20you%20need%20is%20a%20valid%20SL%20ticket%2C%20for%20which%20a%20single%20journey%20(valid%20for%2075%20minutes)%20costs%2039%20Swedish%20krone%20(%243.75)%3C%2Fli%3E%0A%3Cli%3ETravel%20cards%20for%20unlimited%20journeys%20are%20priced%20at%20165%20Swedish%20krone%20for%2024%20hours%3C%2Fli%3E%0A%3Cli%3EAvoid%20rush%20hour%20%E2%80%93%20between%209.30%20am%20and%204.30%20pm%20%E2%80%93%20to%20explore%20the%20artwork%20at%20leisure%3C%2Fli%3E%0A%3C%2Ful%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
UAE currency: the story behind the money in your pockets
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
The most expensive investment mistake you will ever make
When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.
“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.
This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).
|
Age
|
$250 a month
|
$500 a month
|
$1,000 a month
|
|
25
|
$640,829
|
$1,281,657
|
$2,563,315
|
|
35
|
$303,219
|
$606,439
|
$1,212,877
|
|
45
|
$131,596
|
$263,191
|
$526,382
|
|
55
|
$44,351
|
$88,702
|
$177,403
|
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
