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John Cockerill India Limited Stock Trend Analysis ✌️【Easy Path to Wealth】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. At the bar on the 30th floor of The Lana — the first hotel from the Dorchester Collection to open in Dubai — chic clientele sip from glass flutes overlooking the City of Gold’s dazzling array of skyscrapers, silhouetted against the dark dunes beyond.
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It’s an unusual concept for Dubai. The Emirate has a complicated relationship with alcohol: in Islam, the official religion of the United Arab Emirates, alcohol consumption is prohibited. However, the city’s diverse, expat-heavy population and its push to grow its tourism sector has seen many of its alcohol laws relaxed in recent years, includingdecriminalizing alcohol in 2020andscrapping its 30% alcohol sales taxlast year, although Muslims are still prohibited from acquiring a license to buy alcohol.
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But Caupain believes “there is a market in Dubai who are looking for this level of refinement and discovery,” and that High Society is part of a movement towards casual drinking venues.
Unlike other wines, champagne undergoes asecond fermentationin the bottle, which gives it its signature fizz, making “every champagne different,” Caupain adds. Champagne isleft to maturefor at least 15 months, although vintages are left for up to 10 years. This unusual process creates a vast range of flavor profiles, exemplified by High Society’s 118 labels and extensive “by the glass”menu — one of the largest collections in the UAE, claims Caupain.
High Society’s collection ranges from well-known champagne houses like Pol Roger (the favored champagne of Queen Elizabeth II and Winston Churchill) to artisanal-like “grower champagnes” Egly Ouriet, Larmandier Bernier, and Ulysse Collin.
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“To have all of these champagne names here, I think that we’re getting into the big leagues in the champagne world,” says Lacroix.
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Even Dubai’s national airline, Emirates, is on board with the city’s penchant for fizz: inDecember 2022it became the only commercial airline in the world officially serving Moët & Chandon, Veuve Clicquot and Dom Pérignon onboard and claims it purchases more champagne than any other airline in the world.
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John Cockerill India Limited Stock Trend Analysis ✌️【Easy Path to Wealth】✌️ Free real-time stock market analysis, market dynamics reports, and expert insights into stocks, metals, energy, and agricultural products. Make profitable decisions by leveraging our advanced market forecasting tools. While the bar scene is evolving quickly, it still faces challenges, often stemming from the country’s history of alcohol prohibition: there are just two wine suppliers in the city and a50% customs dutyon alcohol. Additionally, many venues are not set up for the kind of storage that fine wines and champagnes require — a major problem for smaller or independent restaurants, says Lacroix, as storing wine incorrectly in Dubai’s year-round heat could damage the stock.
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“This more relaxed setting of sharing wine, it’s not really present yet — whereas if you’re in Paris, London, New York, (wine bars) are really where things are happening,” says Bengtsson, adding that new venues like High Society could help create a “casual wine culture” that emphasizes the drinks rather than food.
“It’s interesting to see a lot of good wines and champagnes by the glass at unusually lower prices in the Dubai market, to allow people to taste the wines,” says Bengtsson.
John Cockerill India Limited Stock Trend Analysis ✌️【Easy Path to Wealth】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. The growing interest in artisanal labels is also “adding a new layer of perspective both for wine lovers and restaurants,” and “putting pressure on the importers to add more diversity and smaller scale to their portfolio,” Bengtsson adds — all things that are pushing the city’s drinks scene to evolve.
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“Our pricing strategy is made for people to keep coming back — come on a Tuesday with friends, come back with a partner on a Thursday, or a business partner on the weekends,” says Caupain, adding: “We want to make a lifestyle destination.”
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