The welcome
The hotel is well-signposted from exit 13 on the Sheikh Zayed Road heading towards Dubai, so even though it looks like we're heading into an industrial zone, we're not worried about making a wrong turn. Palm Tree Court & Spa is part of the larger Jebel Ali Golf Resort & Spa, which sits in extensive landscaped grounds, so we're enveloped in a relaxing sub-tropical environment before getting out of our car. The hotel also has its own separate entrance and grounds, so we drop the car with the valet outside the Asian-style reception pavilion and check in. From there, our bags are loaded onto a buggy and we're taken directly to our rooms in one of the resort's six three-storey blocks just behind the beach.
The neighbourhood
The resort is next to the Jebel Ali Free Zone, a 40-minute drive from Dubai and about an hour from Abu Dhabi. There's not much in the immediate surrounding area, but that's part of the charm - I felt relieved to be away from the traffic, restaurants and crowds of Dubai and enjoyed the completely self-contained feel of the place.
The Palm Tree Court part of the hotel complex is pleasantly landscaped with gardens, waterfalls and streams, and shares an 800m beachfront with the Jebel Ali Hotel. Guests from both properties are able to book the nine-hole, par 36 golf course and tennis, badminton and soccer courts. There is also a marina, a paddock with riding stables, a gym, spa, three swimming pools and various watersports. Jebel Ali International Shooting Club is five minutes' drive away.
The service
The room and restaurant staff all seemed extremely friendly, genuine and helpful. I waited about 20 minutes for a buggy to take my luggage to reception on check-out, however, and when I was presented with my bill I found that I had been charged for another guest's massage. This took around 10 minutes to sort out, which was longer than I would have wanted to wait. I had to request bottled water for the room, which I would have expected to have been present beforehand.
The room
Palm Tree Court & Spa has 134 rooms, which are called suites but are in fact large bedrooms (a minimum of 54 sq m). Ours was on the ground floor, faced the sea and had a large bed, sliding doors to an outdoor terrace with peacocks strutting on the lawn outside, and a large, luxurious bathroom. The rooms have recently been refurbished and feel spacious and private. There are tea and coffee making facilities and a CD/DVD player; I liked the fact that they were simple and without elaborate lighting systems; the rooms were quiet and the air-conditioning was effective.
The scene
A mellow mix of European holidaymakers and local families and couples. We arrived on a Thursday afternoon and water-skied before dinner in the hotel's Asian restaurant; the next morning after breakfast we rented a catamaran (both great value at Dh120 per hour) and then had a barbecue seafood lunch. By the time we checked out it felt like we'd spent two nights there, although the restaurants and Jebel Ali Hotel had become markedly more crowded by Friday.
The food
The property shares 15 restaurants with the Jebel Ali Hotel, including several pleasant beach bars and cafes under numerous palm trees. We tried the White Orchid Asian restaurant, which offers an excellent selection of sushi and dim sum, seafood, tofu and meat dishes. The tom kha kai (Dh48) was full-bodied and spicy, the roasted duck curry (Dh105) rich and lean. La Fontana offers buffet breakfasts, lunches and themed dinners. The breakfast was a fresh and thoughtful array of practically anything you would want, from Japanese to a full English. The Friday barbecue brunch was also of a good standard, offering excellent chicken tikka, grilled fish and lamb, along with salads and the usual buffet offerings of pizza, pasta and roasted meats (Dh325 for adults).
Loved
The beach (bigger and better than most offered by hotels in Dubai), the spacious spa with an attractive steam room, jacuzzi and sauna great before a massage (good value at Dh295 for an hour); the air and the smell of the sea.
Hated
Our waterskiing took place on a stretch of water close to the hotel, overlooking stalled building work on The Palm Jebel Ali, which wasn't very scenic. Check-out took too long and I shouldn't have had to ask for bottled water.
The verdict
A very pleasant weekend getaway which makes you feel you've been away without leaving the UAE.
The bottom line
Double rooms at Palm Tree Court & Spa, Dubai, (www.jebelali-international.com; 04 814 5555) cost from Dh1,800 per night, including breakfast and taxes. Until December 31, book a minimum of three nights and get a free all-inclusive upgrade.
rbehan@thenational.ae
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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.”
Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
Favourite photography style: Street photography
Favourite book: Harry Potter
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The specs
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- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
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Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
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Favourite animal: Ferrets, they are smart, sensitive, playful and loving
Favourite holiday destination: Seychelles, my resolution for 2020 is to visit as many spiritual retreats and animal shelters across the world as I can
Name of first pet: Eddy, a Persian cat that showed up at our home
Favourite dog breed: I love them all - if I had to pick Yorkshire terrier for small dogs and St Bernard's for big
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Junichiro Tamizaki
Translated by Paul McCarthy
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