"We are now coming up to The World islands, with the South America group up ahead and Japan off to the right." Thiago, from Brazil, is piloting the new Airbus helicopter, a black Eurocopter AS350 B3 Squirrel to be exact, with such deftness and insouciance it feels like I'm in a giant toy. Taking off from Dubai Festival City, we pass first over Bur Dubai and Deira, which from the air make Dubai now look like a fully developed city. The bend in Dubai Creek looks for a second like London's River Thames. Then, rounding The Palm and heading back over Jumeirah towards the Burj Khalifa, the long, endless wide roads and giant villas remind me of Los Angeles.
I’m on board with some Russian and Chinese tourists, who have come to experience something they say they could not do in their own countries nearly so cheaply or easily – a 22-minute aerial tour costs Dh900 per person. The experience is relentlessly photographed and selfied – my Chinese counterpart fervently interrupts my window gazing to get me to pose with his mother on the back seat before we are oh-so-gently placed back down to earth. At the Portakabin-style HQ of Helidubai, more groups are waiting.
Dubai as a tourist destination currently receives more than 11 million visitors a year, up 6 per cent on 2013 figures. By 2020, this number is predicted to rise to 20 million; in the year of the Expo, from 2020 to 2021, a total of 25 million is expected. According to the Department of Tourism and Commerce Marketing, the number of hotel rooms in Dubai reached more than 92,000 in December last year; it predicts this figure to rise to between 140,000 and 160,000 by 2020.
What this means in practical terms is that just when you thought Dubai had done and acquired everything, it is in fact just getting started. The roll call of expected projects runs into the hundreds; the most exciting upcoming hotel openings include an InterContinental Dubai Marina, the long-awaited Palazzo Versace Dubai, a Hard Rock Hotel Dubai Marina, a St Regis Dubai, the Langham Palm Jumeirah and Nikki Beach Resort & Spa Dubai. And that’s just the next six months. Next year will see the arrival of a new Westin on Sheikh Zayed Road, two W Hotels, on SZR and The Palm, and two Viceroys – again, one for The Palm and one for SZR.
Visitors to Dubai now expect to see something new each time they visit, and pending visitor attractions are also mind-boggling in the way that only Dubai can be. Due for delivery this year are the 65-hectare Quran Park near Dubai International Airport, the Dh250-million Deira Fish Market, the Dubai Frame in Zabeel Park, Dubai Design District and Wire World (“the largest man-made adventure park in the world”, featuring “70 obstacles set in trees, across rocks and on poles and posts and designed to be challenging fun for all ages”).
Next year, visitors should get ready for the Dubai Safari Project in Al Warqa (south-east of Dubai Creek), a 400-hectare ensemble of African, Asian and Arabian villages, “a children’s zoo, butterfly park and botanical garden, 1,000 animals from around the world, educational and veterinary facilities”; IMG Worlds of Adventure, “the world’s largest temperature-controlled indoor themed-entertainment destination”; the first phase of Dubai Parks and Resorts, comprising three theme parks – Legoland Dubai (a theme park featuring 15,000 Lego model structures made from 60 million Lego bricks, along with 40 interactive rides in six themed areas); Motiongate Dubai; and Bollywood Parks Dubai.
Moving into 2017, the Six Flags theme park in Jebel Ali will be completed within a multi-themed park project in that location; in addition the Dubai Historical District, making up the oldest parts of the city around the creek including Shindagha, Bur Dubai, Al Fahidi and Deira, should have been “restored and transformed into a cultural and heritage destination” involving the redevelopment of about 60 projects, including upgrades of the Textile, Spice and Gold souqs, the installation of new abra stops at Shindagha and “pedestrianised areas lined with historical stories accessed through smart applications or through a newly created team of trained Emirati tour guides”.
If all of this causes you to pause for breath, consider that bringing tourists to Dubai is just one part of an integrated strategy linking local economic growth into global business – and central to this is the airline industry, which makes up 27 per cent of Dubai’s GDP, or about $27 billion (Dh99.18bn) a year, rising to a projected $53bn (37.5 per cent of GDP) in 2020. This makes the emirate as much a crossroads as a destination, and to this end, Dubai’s growth to date and its ambitions for 2020 are nothing less than world-dominating.
According to a spokesman for Dubai Airports, this growth has been driven by factors including government vision, location (Dubai is within eight hours’ flying time of two thirds of the world’s population), the rapid expansion of Emirates and FlyDubai, a lack of burdensome taxes, efficient operations and competitive airport rates (including landing fees), “which compare favourably to those charged by airports of similar size around the globe”. In addition, non-airline-related commercial revenues at the airport have generated money for world-class facilities.
Dubai International Airport is expected to be operating at its full capacity of 100 million passengers a year by 2020, which, combined with estimated annual passenger numbers of 26 million for Al Maktoum International Airport (its expansion is slated for 2025 and beyond), brings the combined total number of passengers to 126 million by 2020.
Even today and to the well-travelled, the size of Dubai International Airport and the number of destinations it serves is almost unnerving. In total, about 100 airlines connect Dubai with 270 destinations on six continents (the exception being Antarctica). Each time I visit the airport, there are direct routes to places I’ve never heard of – Tiruchirappalli, Dayrestan, Sialkot or Mineralnyye Vody, anyone?
Yet it’s not just anyone who’s visiting these places. Emirates alone carried almost 45 million passengers last year to 144 destinations in 81 countries, and expects to carry 70 million by 2020. With 60 Airbus A380s – seemingly the only aircraft big enough to carry the growing number of passengers – currently in service, another 80, or $135 billion worth, are on order. Tim Clark, the president of Emirates, has stated that by 2020 the airline will have more than 250 aircraft. “It will make us the largest airline on the planet by international passenger traffic,” he said.
FlyDubai, which only launched in 2009, now flies to almost 100 destinations in 46 countries. Last year, it carried more than 7 million passengers and it operates 1,400 flights a week. It has launched 13 destinations this year alone, and a spokeswoman said the airline “continues to look for opportunities to open up underserved destinations within six hours or a 6,000-kilometre reach of Dubai, an area which is home to 2.5 billion people”.
Benefiting from all of this is the fabric of Dubai itself, especially its hotel infrastructure. Philippe Zuber, the chief operating officer of Emaar Hospitality Group (which is now expanding internationally to countries such as Egypt and Turkey, and owns and develops real estate and hotels including The Address Dubai Mall, The Address Downtown Dubai, and the Vida and Manzil Downtown Dubai), says its role is to “create hospitality experiences that meet the needs of the diverse spectrum of visitors to Dubai ... with more than 200 nationalities resident, and the city emerging as a global hub for business and leisure, our services must be aligned to appeal to the trendy, tech-savvy, cosmopolitan guest”.
However impersonal this may sound, the attraction of Dubai to many tourists, whether from the developed West or Asian middle classes, is the slick blending of travel and transit, business and leisure (“bleisure”), lack of crime and vertically integrated centres of shopping, eating, lodging and entertaining.
Anne Stander, an American resident of Dubai who recently hosted expatriate relatives based in Myanmar, said: “Glitz and glamour – that’s what people want. [My relatives living in Myanmar] wanted to go to the movies, and the mall, and just be on clean roads with no pollution. Safety – that’s not just luxury but priceless. The way the beaches are set up in Dubai is very nice, and they enjoyed having a great experience at the Dubai Aquarium. In other cities, aquariums are at separate locations. This is relaxing, and it gives families more time to enjoy each other.”
And that is, perhaps, the unspectacular truth of Dubai’s spectacular success. Some people may not like what it has to offer, but many more do. Dubai doesn’t care what can’t be done, only what can; in many ways it’s a blank slate, a launching pad, and, even on holiday, it’s what you do with it, what you make of it, that really matters. With a now seemingly limitless global reach, the possibilities and connections are endless. To some it’s a soulless entity, but to many others it’s a call to action that far from handing you everything on a plate, demands your input.
rbehan@thenational.ae
Helicopter tours of Dubai cost Dh595 per person for 12 minutes or Dh895 per person for 22 minutes, with Helidubai (www.helidubai.com).
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UAE squad
Ali Kashief, Salem Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdelrahman, Mohammed Al Attas (Al Jazira), Mohmmed Al Shamsi, Hamdan Al Kamali, Mohammad Barghash, Khalil Al Hammadi (Al Wahda), Khalid Eisa, Mohammed Shakir, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Adel Al Hosani, Al Hassan Saleh, Majid Suroor (Sharjah), Waleed Abbas, Ismail Al Hammadi, Ahmed Khalil (Shabab Al Ahli Dubai) Habib Fardan, Tariq Ahmed, Mohammed Al Akbari (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Mahrami (Baniyas)
If you go
The flights
There are various ways of getting to the southern Serengeti in Tanzania from the UAE. The exact route and airstrip depends on your overall trip itinerary and which camp you’re staying at.
Flydubai flies direct from Dubai to Kilimanjaro International Airport from Dh1,350 return, including taxes; this can be followed by a short flight from Kilimanjaro to the Serengeti with Coastal Aviation from about US$700 (Dh2,500) return, including taxes. Kenya Airways, Emirates and Etihad offer flights via Nairobi or Dar es Salaam.
TWISTERS
Director: Lee Isaac Chung
Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos
Rating: 2.5/5
THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
WWE Evolution results
- Trish Stratus and Lita beat Alicia Fox and Mickie James in a tag match
- Nia Jax won a battle royal, eliminating Ember Moon last to win
- Toni Storm beat Io Shirai to win the Mae Young Classic
- Natalya, Sasha Banks and Bayley beat The Riott Squad in a six-woman tag match
- Shayna Baszler won the NXT Women’s title by defeating Kairi Sane
- Becky Lynch retained the SmackDown Women’s Championship against Charlotte Flair in a Last Woman Standing match
- Ronda Rousey retained the Raw Women’s title by beating Nikki Bella
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.”
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
New Zealand 21 British & Irish Lions 24
New Zealand
Penalties: Barrett (7)
British & Irish Lions
Tries: Faletau, Murray
Penalties: Farrell (4)
Conversions: Farrell
Mohammed bin Zayed Majlis
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
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