Huda Tayyab at home with sons Ali, 4, and Wali, 1. All Photos: Victor Besa / The National

My Sharjah Rent: Mother gets twice the space for same price after leaving Dubai



My Sharjah Rent takes you inside a reader's home to have a look at what they get for their money, how much they pay in rent and asks them what they like and don't like

When Pakistani mum-of-two Huda Tayyab wanted more space for her family last year, she realised she could get an apartment double the size for the same price if she swapped life in Dubai for Sharjah.

The freelance journalist, 34, said she has no regrets over leaving life in her one-bedroom apartment in Dubai Silicon Oasis and moving her family to a two-bedroom in New Muweilah, on the outskirts of Sharjah last September.

Ms Tayyab said she relocated, along with her husband and two children, as she needed extra space following the birth of her second son. She invited The National into her home to show us what makes it so very special to her.

Why did you choose to live here?

I was working on a freelance basis and realised if we moved here for a year, we could save up some money. I was not working full-time and needed extra space because we just had a second child. My husband was working in Sharjah, which is why it made sense for us to move here.

When I had one baby, I was able to be up and about, I could go to Dubai Mall or Mall of the Emirates with them. When I had the second baby, it was very difficult for me to handle an infant and a toddler. I needed a space where I can give them everything at home.

What do you get for your money?

It's very accessible. We have restaurants with cuisines like Indian, Pakistani, Syrian and Yemeni right on our doorstep. There's a bakery and pharmacy as well, down in the building. Living with children, it was important to have that accessibility to a pharmacy.

How have you made the apartment feel like your home?

I feel like this is a little sanctuary for me, living here with the children. I love the space that we have made. I'm a minimalistic person and I don't like very busy places. I set everything up according to my aesthetics. I wanted something that was peaceful and calm as soon as you walk in.

I try to use pastels and nudes and I try to keep all the things that are necessary and not anything extra. It's a very healthy place for my children to feel calm and serene. There is a space where the kids can play on their own. There's a big kitchen which means I can cook whatever I want. In the lounge, I have put up some pieces of art because I am an art lover.

Are you happy with the location of where you live?

There are top-notch cafes, if we want to go out and hang out with friends. We also have cinemas and malls which are just five minute drives away. One of the benefits of being this side of Sharjah is that we are close to Dubai. We can be in Mirdif within 10 minutes.

Are there any disadvantages to living where you do?

If I have to travel by taxi, I have to be very, very considerate of the time because of the bottlenecks. In Dubai, I used to call a taxi no matter what time it was. Here I try not to go out in the rush hours because I know that it will be insane.

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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.”

The years Ramadan fell in May

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1954

1921

1888

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Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
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Updated: May 18, 2025, 3:00 AM