The entrance at the Hyatt Capital Gate Abu Dhabi. Courtesy Hyatt Capital Gate Abu Dhabi.
The entrance at the Hyatt Capital Gate Abu Dhabi. Courtesy Hyatt Capital Gate Abu Dhabi.

Style abounds but location limitations spoil Hyatt Capital Gate



The welcome

It's not the most promising of starts as I follow makeshift signs directing guests along the dusty side roads around Abu Dhabi National Exhibition Centre (Adnec), off Khaleej Al Arabi Street, and on up to the famously engineered Capital Gate building. The greeting is brisk and polite as the concierge expertly guides me past the cafe that dominates the ground floor and up to the Hyatt hotel lobby on the 18th floor.

The neighbourhood

The capital's very own leaning tower looms large as you drive onto the island, standing out in the otherwise low-rise Embassies District next to Adnec. The 160m-tall tower should put the Capital Centre development of 23 towers on the map but now the main draw for guests staying at the 189-room, five-star Hyatt that occupies floors 18 to 33 of the building is the conference centre next door.

The room

It's not often that a hotel room exceeds my expectations, but the executive suite is a knockout. The second smallest of four suite categories at 100 sq m, there is a sizeable living cum dining area and curving bedroom, both lined with a beautiful rich Congolese wood, and an enormous bathroom equipped with infinity bathtub and small flatscreen television, large rainfall shower and snug woolly bathrobes instead of the standard towelling ones. My huge bathtub has a radio as well as water jets and purple uplighting.

The service

Attentive at check in, and in the restaurant and Rayana Spa. Waiting for my spa treatment in one of four treatment rooms, the spa manager stops to say "hello" and enquire about my general well-being before recommending an essential oil for my hour-long Swedish massage (Dh490). My South African therapist eases my muscle tension and the whole effect is energising rather than soporific.

The food

The hotel has one restaurant, 18°, where a buffet and à la carte breakfast, lunch and dinner are served. In the evenings, the chef serves up a Mediterranean menu that is divided by country. Choose from Italy, Greece, Lebanon, Syria and Turkey with dishes such as creamy Italian burrata and sea bass poached in almond milk (Greece). The airy restaurant has an open kitchen. There is also a terrace.

The scene

Capital Gate is financed by Abu Dhabi National Exhibitions Company to provide facilities for conference visitors but the hotel feels eerily quiet. At dinner in 18° there was only a handful of guests. The lobby lounge is well designed but I was the only guest to appreciate it.

Loved

The architecture. Capital Gate has a genuine "wow" factor thanks to the way that the leaning glass tower is embraced by the criss-crossing corset of steel. Once inside your room you can almost touch this external frame, which is only about a foot and a floor-to-ceiling sheet of glass away. Couple this with the views out across the island and out to sea, and the effect is mesmerising.

Hated

Spotting a workman making a hasty exit along the steel frame next to my window. Final works aside, guest privacy should be sacrosanct.

The verdict

If this hotel were perched beside the Corniche rather than Adnec, it would be one of the city's most popular venues.

The bottom line

A double room costs from Dh788 per night including taxes (abudhabi.capitalgate.hyatt.com; 02 596 1234).

The specs: 2018 Opel Mokka X

Price, as tested: Dh84,000

Engine: 1.4L, four-cylinder turbo

Transmission: Six-speed auto

Power: 142hp at 4,900rpm

Torque: 200Nm at 1,850rpm

Fuel economy, combined: 6.5L / 100km

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The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

The biog

Favourite film: The Notebook  

Favourite book: What I know for sure by Oprah Winfrey

Favourite quote: “Social equality is the only basis of human happiness” Nelson Madela.           Hometown: Emmen, The Netherlands

Favourite activities: Walking on the beach, eating at restaurants and spending time with friends

Job: Founder and Managing Director of Mawaheb from Beautiful Peopl

Frankenstein in Baghdad
Ahmed Saadawi
​​​​​​​Penguin Press

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

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 Bio

Favourite vegetable: “I really like the taste of the beetroot, the potatoes and the eggplant we are producing.”

Holiday destination: “I like Paris very much, it’s a city very close to my heart.”

Book: “Das Kapital, by Karl Marx. I am not a communist, but there are a lot of lessons for the capitalist system, if you let it get out of control, and humanity.”

Musician: “I like very much Fairuz, the Lebanese singer, and the other is Umm Kulthum. Fairuz is for listening to in the morning, Umm Kulthum for the night.”

THE LIGHT

Director: Tom Tykwer

Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger

Rating: 3/5

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

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Europe’s rearming plan
  • 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
'Dark Waters'

Directed by: Todd Haynes

Starring: Mark Ruffalo, Anne Hathaway, William Jackson Harper 

Rating: ****

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Expo details

Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia

The world fair will run for six months from October 20, 2020 to April 10, 2021.

It is expected to attract 25 million visits

Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.

More than 30,000 volunteers are required for Expo 2020

The site covers a total of 4.38 sqkm, including a 2 sqkm gated area

It is located adjacent to Al Maktoum International Airport in Dubai South