Shoppers browse the Fresh Flowers shop in Al Hudaiba Street, better known as Plant Street, in Dubai's Satwa area. Pawan Singh / The National
Shoppers browse the Fresh Flowers shop in Al Hudaiba Street, better known as Plant Street, in Dubai's Satwa area. Pawan Singh / The National

For the best plants, there is only one stretch of concrete



Loud, brash and with its own vibrant street culture, Dubai's Al Hudaiba Street runs between Satwa's central car park and bus station, and the Iranian Hospital on Al Wasl Road. Like many streets in the UAE, it has more than one name. Among the Philippino community who pack its pavements each weekend, the area is known as "Little Quiapo" thanks to its similarities with Manila's old downtown and its many small groceries, restaurants and shops selling cheap electronics, toys and counterfeit football kits. For a generation of horticultural traders and their customers, however, Al Hudaiba Street is and always will be known as "Plant Street".

As if in collusion with its neighbours, the red Coca-Cola sign of the Al Madina Flower Restaurant announces the start of Plant Street. The pavement outside the small parade of shops that gives the street its name immediately narrows and erupts with large-leaved banana plants, temporary hedges of hot-pink bougainvillaea, stacked boxes of bedding, carousels of seeds and bundles of garden canes. Most business takes place here, out on the pavement, where laid-back shop assistants sit on stools, chat and answer the occasional question while waiting patiently for their next customer.

Only the most determined shoppers make it past the rolls of black irrigation pipe, ramparts of compost bags and tottering stacks of window boxes to the inner sanctum of each shop, but it is here that the true identity of each business can be found.

Behind a small counter in the Al Madina Garden store, VCM Rafi, a bearded Plant Street veteran of 21 years, stands as if in a ship's engine room, shouting into a phone to compete with the car horns outside and the Keralite music playing loudly within. Tools and seeds cover one wall while another contains carefully sorted spare parts for irrigation systems.

From the brightly lit, tungsten-white interior and tightly packed palms of the Hamid & Khalid Agricultural Company, on the other hand, it is clear that its owner, PTP Latheef, is a florist. Latheef first came to Dubai in 1974, and has been supplying local businesses and the public with cut flowers and indoor plants for the past 28 years. He now imports his stock directly from Holland and Kenya on a weekly basis.

Among these elder statesmen Vicky V, the owner of Fresh Flowers LLC, is a relative newcomer with only 17 years on Plant Street. His business started selling cut flowers, but then expanded to indoor plants. Like most of the other garden businesses here, he now also works in the corporate sector as well as doing small-scale landscaping, irrigation and maintenance jobs for private clients.

Plants, flowers, seeds and associated horticultural and agricultural paraphernalia have been sold on Al Hudaiba for as long as anybody can remember, and although there are now only six small horticultural traders left, they attract an enthusiastic and loyal band of customers from all over the city. "I enjoy this period from November to February. You can plant anything here now and it will grow. Every year I come here when the season starts and every week they have new things," says Maurice Al Hadad, a Dubai resident of seven years and a keen gardener.

Steve Hall has lived in Dubai for only seven months, but Plant Street is already his destination of choice when it comes to shopping for his house and garden in The Meadows. "This place is great; I do about 90 per cent of my plant and garden shopping here. The plants are good quality, you can bargain with the shop owners, and everybody's very pleasant."

All of the shoppers I speak to cite price, value and choice as the key reasons for coming to Plant Street. For Hall, the prices charged by other retailers in Dubai are "inexcusable" and it's true that bedding, houseplants and compost are over 30 per cent cheaper here than elsewhere in the city, but price alone can't explain Plant Street's longevity and success. Thanks to their many years of experience, the traders on Plant Street are sophisticated retailers. They know just what to sell, at what size, and at what price to achieve the high turnover that ensures their plants are always healthy and fresh, and stock only enough to make an impressive pavement display. This means there are very few buyer's mistakes on Plant Street, none of those awkward plants that are too big, expensive, or just plain weird to sell, that hang around larger nurseries, generally making the place look unloved and untidy. Weekly deliveries from Holland, Kenya and the local nurseries who also supply their less agile competition, allow the fulfilment of customer orders while attracting the all-important mixture of repeat customers and passing trade that is Plant Street's lifeblood. When coupled with almost 30 years' horticultural wisdom, something that customers say is noticeably absent at other Dubai garden stores, it's clear that Plant Street's success is the result of a potent retailing mix, but I like to think there's yet another layer to the area's appeal.

For regular shoppers like Al Hadad and Hall, both of whom visit the street with their families, buying plants here is more than a matter of shopping and though they might not care to admit it, the browsing, bargain hunting, haggling and banter with the traders are clearly part of a regular ritual they enjoy. Although it might not be to everybody's taste, there's a social mix and genuine vitality to this part of Satwa that's noticeably absent from other parts of the city, and this is something that allows expats from places as far apart as Beirut and London, Mumbai and Manila, to buy plants in an atmosphere that manages to make all of them feel at home.

Ask Nick

My houseplants have started to take on a strangely mottled, yellowish appearance, with tiny speckles appearing over the leaves. What is happening to them and what can I do to remedy the situation?

Unfortunately, this sounds like an attack of glasshouse red spider mite, one of the most problematic pests to attack conservatory and houseplants. The mites suck the sap from a plant's foliage, and tend to be a problem when plants grow in hot, dry conditions. Unfortunately, red spider mite is very difficult to get rid of and some strains are even resistant to chemical insecticides. Firstly, you will have address the conditions in the room where the plants are grown, before trying a chemical insecticide that contains one of the following: bifenthrin, thiamethoxam or abamectin. Good luck.

Plant Library: Millingtonia hortensis (Tree Jasmine)

The delicate, white, highly fragrant flowers that grace Millingtonia (commonly known as tree jasmine or Indian cork tree) in autumn and spring appear at night and are then shed, carpeting the ground around the tree, early in the morning.

It is indigenous to Myanmar and the Malay Archipelago, but now grows wild in most parts of India and is extensively cultivated in the tropics from Southeast Asia to West Africa. It is fast growing, and produces root suckers that make it unsuitable as a lawn or street tree but very easy to propagate. Millingtonia does well on poor soils, is drought and wind resistant.

The name honours Thomas Millington, a 17th-century English botanist traditionally credited with the discovery of the role of stamens in sexual reproduction in plants. Hortensis means 'of gardens', and usually suggests that a plant is of ornamental value only. However, in its native Southeast Asia, Millingtonia's yellowish-white wood is used in furniture making, while the bark produces a low-quality cork and is also used for producing a yellow dye. All parts of the tree are used in traditional medicines in Myanmar and India, and in Thailand, the flowers are added to tobacco as a treatment for throat ailments.

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.”

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
Fitness problems in men's tennis

Andy Murray - hip

Novak Djokovic - elbow

Roger Federer - back

Stan Wawrinka - knee

Kei Nishikori - wrist

Marin Cilic - adductor

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The lowdown

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Produced by: Red Chillies, Azure Entertainment 

Director: Sujoy Ghosh

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