Dear Ms. Maucourant Atallah,
Your letter requesting me to answer certain questions on a personal real estate investment in the US was forwarded to me on July 17, 2023.
As you surely know, since this does not require any specific expertise, there is nothing unusual in the presence of multiple investors to hold a stake in a property through a real estate company. This is actually very standard and the contrary would be surprising as the investment would otherwise be unmanageable. The rationale for having a US real estate company for a property based in the US is hence fully justified for economic and administrative reasons.
There are no multiple intermediaries as mentioned in your question. There is only one holding company incorporated in Jersey which holds the US real estate company. The incorporation of such holding company was based on the advice of professional advisors for planning purposes. This is also a common structure.
As for the question relating to the source of funds of my 10% investment, this question is simply out of line. Nothing, and certainly not its amount, justifies that it be asked. In fact, I believe you already know and have no doubt that the funds originate from my personal savings.
With all due respect, I feel that the sole fact of approaching me with such questions is misguided. As any newspaper, yours has a duty to act in a responsible manner. Should it fail to do so, you will leave me with no choice other than to consider taking the appropriate actions.
Best regards,
Mona Issa El-Khoury
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
The Al Barzakh Festival takes place on Wednesday and Thursday at 7.30pm in the Red Theatre, NYUAD, Saadiyat Island. Tickets cost Dh105 for adults from platinumlist.net
'Manmarziyaan' (Colour Yellow Productions, Phantom Films)
Director: Anurag Kashyap
Cast: Abhishek Bachchan, Taapsee Pannu, Vicky Kaushal
Rating: 3.5/5
Where to apply
Applicants should send their completed applications - CV, covering letter, sample(s) of your work, letter of recommendation - to Nick March, Assistant Editor in Chief at The National and UAE programme administrator for the Rosalynn Carter Fellowships for Mental Health Journalism, by 5pm on April 30, 2020.
Please send applications to nmarch@thenational.ae and please mark the subject line as “Rosalynn Carter Fellowship for Mental Health Journalism (UAE programme application)”.
The local advisory board will consider all applications and will interview a short list of candidates in Abu Dhabi in June 2020. Successful candidates will be informed before July 30, 2020.
Essentials
The flights
Emirates flies direct from Dubai to Seattle from Dh6,755 return in economy and Dh24,775 in business class.
The cruise
UnCruise Adventures offers a variety of small-ship cruises in Alaska and around the world. A 14-day Alaska’s Inside Passage and San Juans Cruise from Seattle to Juneau or reverse costs from $4,695 (Dh17,246), including accommodation, food and most activities. Trips in 2019 start in April and run until September.
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Company%20profile
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The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 240hp at 5,500rpm
Torque: 390Nm at 3,000rpm
Transmission: eight-speed auto
Price: from Dh122,745
On sale: now
UAE currency: the story behind the money in your pockets
The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
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Jetour T1 specs
Engine: 2-litre turbocharged
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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Ferrari
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Michael%20Mann%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Adam%20Driver%2C%20Penelope%20Cruz%2C%20Shailene%20Woodley%2C%20Patrick%20Dempsey%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Emergency
Director: Kangana Ranaut
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