Residents in Dubai wrap up warm, with temperatures dropping to single digits in some parts of the UAE. Chris Whiteoak / The National
Residents in Dubai wrap up warm, with temperatures dropping to single digits in some parts of the UAE. Chris Whiteoak / The National
Residents in Dubai wrap up warm, with temperatures dropping to single digits in some parts of the UAE. Chris Whiteoak / The National
Residents in Dubai wrap up warm, with temperatures dropping to single digits in some parts of the UAE. Chris Whiteoak / The National

Winter clothes sales surge in the UAE amid cold snap


John Dennehy
  • English
  • Arabic

Lulu Group reported an increase of up to 30 per cent in January sales of winter clothes compared with the same month last year, amid a cold snap in the UAE.

V Nandakumar, the group’s director of marketing and communications, said it noticed an increase in the sale of winter gear towards the end of January, a surge that typically happened in November and December.

Mr Nandakumar said annual end-of-season sales played a role but the cooler temperatures across the UAE in the past few weeks also made a difference.

He said sales rose by up to 30 per cent in January, compared with 2023.

“Normally, we don’t see a jump at the end of winter,” Mr Nandakumar told The National. “This time we have. This year, we are experiencing cooler temperatures in January and February, so people who did not have something [warm] started to look.

“We saw increased interest in warmer clothes towards the third week of January onwards.”

People are purchasing jackets, sweaters, boots, mufflers, caps and hoodies as conditions remain cool and dust clouds, rain and strong winds are reported across the UAE, Mr Nandakumar said.

Temperatures have sunk to single digits in parts of the country in recent days. The National Centre of Meteorology recorded a low of 4.2°C on Jabal Al Rahba in Ras Al Khaimah on Friday, with the temperature recorded at 3.8°C on Jebel Jais on Thursday.

Further unsettled weather lies ahead. Heavy rain and high winds are forecast across the UAE from Sunday until early next week. Temperatures are also expected to drop.

Adventure HQ also said it observed a "significant jump in demand for winter gear, especially for camping, biking, and hiking, aligning with the UAE's recent cooler weather" across its five outlets in the UAE.

"We are committed to offering high-quality, diverse products to meet this growing interest," it said.

A store manager for Decathlon UAE in Dubai said there was an “incredible increase” in people buying winter gear and clothing.

“Some are to wear in the country due to the cold weather we are experiencing and the rest is for travelling,” a representative said. “I can say that the winter sports trend for this year is remarkable.”

Dubai Police last month launched a winter clothing drive to support more than 300 blue-collar workers.

About 350 workers living in accommodation in Jebel Ali were provided with warm clothing to help them cope with the cooler months.

Mr Nandakumar, meanwhile, said sales of winter clothes in the UAE are increasing not just to ward off the cold but because people want to feel the “vibe of winter”, which he attributes to a range of factors encompassing social media trends, global fashion and influencers.

“Winter lifestyle and winter fashion has gained momentum for Lulu generally,” he said. “We have seen increased demand.”

It is not yet clear how much longer the conditions will last, but the winter months can bring some extreme weather to the UAE that persists beyond January.

In January 2020, Jebel Jais was blanketed in snow and, in the same month in 2021, temperatures in parts of Al Ain sank to minus 5°C. People in Al Raknah had to scrape ice from cars and icicles formed on trees and plants.

In 2023, April temperatures were the lowest recorded in the country for 25 years.

Wild weather in the UAE - in pictures

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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 years Ramadan fell in May

1987

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War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

UAE currency: the story behind the money in your pockets
Results:

CSIL 2-star 145cm One Round with Jump-Off

1.           Alice Debany Clero (USA) on Amareusa S 38.83 seconds

2.           Anikka Sande (NOR) For Cash 2 39.09

3.           Georgia Tame (GBR) Cash Up 39.42

4.           Nadia Taryam (UAE) Askaria 3 39.63

5.           Miriam Schneider (GER) Fidelius G 47.74

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
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1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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Basquiat in Abu Dhabi

One of Basquiat’s paintings, the vibrant Cabra (1981–82), now hangs in Louvre Abu Dhabi temporarily, on loan from the Guggenheim Abu Dhabi. 

The latter museum is not open physically, but has assembled a collection and puts together a series of events called Talking Art, such as this discussion, moderated by writer Chaedria LaBouvier. 

It's something of a Basquiat season in Abu Dhabi at the moment. Last week, The Radiant Child, a documentary on Basquiat was shown at Manarat Al Saadiyat, and tonight (April 18) the Guggenheim Abu Dhabi is throwing the re-creation of a party tonight, of the legendary Canal Zone party thrown in 1979, which epitomised the collaborative scene of the time. It was at Canal Zone that Basquiat met prominent members of the art world and moved from unknown graffiti artist into someone in the spotlight.  

“We’ve invited local resident arists, we’ll have spray cans at the ready,” says curator Maisa Al Qassemi of the Guggenheim Abu Dhabi. 

Guggenheim Abu Dhabi's Canal Zone Remix is at Manarat Al Saadiyat, Thursday April 18, from 8pm. Free entry to all. Basquiat's Cabra is on view at Louvre Abu Dhabi until October

Scores

Oman 109-3 in 18.4 overs (Aqib Ilyas 45 not out, Aamir Kaleem 27) beat UAE 108-9 in 20 overs (Usman 27, Mustafa 24, Fayyaz 3-16, Bilal 3-23)

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Winner: Recordman, Richard Mullen (jockey), Satish Seemar (trainer)

5.30pm: Wathba Stallions Cup Handicap (PA) Dh 70,000, 2,200m​​​​​​​
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6pm: Abu Dhabi Fillies Classic Prestige (PA) Dh110,000, 1,400m​​​​​​​
Winner: Dhafra, Fabrice Veron, Eric Lemartinel

6.30pm: Abu Dhabi Colts Classic Prestige (PA) Dh110,000, 1,400m​​​​​​​
Winner: Maqam, Fabrice Veron, Eric Lemartinel

7pm: Handicap (PA) Dh85,000, 1,600m​​​​​​​
Winner: AF Momtaz, Fernando Jara, Musabah Al Muhairi

7.30pm: Maiden (PA) Dh80,000, 1,600m​​​​​​​
Winner: Optimizm, Patrick Cosgrave, Abdallah Al Hammadi

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Updated: February 13, 2024, 5:20 AM`