With the activation of controversial new parking meters at The Greens residential community in Dubai, many residents will have to rethink the cost of owning more than one car. As The National reported yesterday, a petition by more than 300 residents failed to stop the implementation of paid parking.
While a degree of sympathy is reasonable for residents who find themselves being charged for something they previously enjoyed for free, there is justification for the actions of the developer, Emaar, and the Roads and Transport Authority.
Unlike the neighbouring gated compounds like The Lakes, the parking in The Greens is in a public space. Each apartment is already allocated one covered parking space but the residents’ ability to park a second or even third car on the street comes at a cost to those who run businesses – including shops and restaurants whose customers seek to park nearby. An undersupply of parking spaces also comes at a cost in terms of traffic flow.
The benefit to the community as a whole, rather than the interests of individual residents, is that this helps change the decision-making process of having more than one car. Especially now that Dubai has the Metro system – and, from next month, the tram network – having a car for each adult is not the necessity it once was. The introduction of metered parking will help tip the balance for some residents, who will conclude that additional cars are an unnecessary luxury.
This is in the nature of the development of major cities, where parking controls in more densely-populated zones are a response designed to prevent cars dominating public spaces. Free parking leads some to abuse the freedom by leaving their cars for months while on holidays, to the cost of those who visit on a daily basis. This adjustment to the cost-benefit ratio of car ownership is just part and parcel of Dubai’s development and forms a logical extension of paid parking being introduced. Perhaps it’s time to have a change in mindset when it comes to car ownership.
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Pathaan
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The five new places of worship
Church of South Indian Parish
St Andrew's Church Mussaffah branch
St Andrew's Church Al Ain branch
St John's Baptist Church, Ruwais
Church of the Virgin Mary and St Paul the Apostle, Ruwais
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
COMPANY%20PROFILE
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Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now