Moises Dacuycuy shows how to open a folding cycle. Pawan Singh / The National
Moises Dacuycuy shows how to open a folding cycle. Pawan Singh / The National
Moises Dacuycuy shows how to open a folding cycle. Pawan Singh / The National
Moises Dacuycuy shows how to open a folding cycle. Pawan Singh / The National

Folding bikes are just the ticket for space-conscious cyclists


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Even before The Jetsons planted the concept of a futuristic folding car that could be stored away under the work desk in our collective conscience, there were vehicle manufacturers applying the same mechanics to a more modest mode of transport.

The folding bicycle is often thought of as a modern invention, but they go back to the 19th century, when blueprints for the first portable versions were drawn up. The high price point has kept these nifty two-wheelers off the cycle track for years, but a recent surge in popularity worldwide has been fuelled by an increasingly cramped urban lifestyle. One of world’s leading manufacturers of folding bikes, the UK-based Brompton, produces 50,000 each year and is set to double the size of its factory to meet global demand by 2021. The company this year noted a strong demand for them in Asia and the United States.

With a resurgence of cycling for recreation and for commuting in the Emirates, more residents are seeing the value in investing in folding bikes to adapt to space constraints.

Abu Dhabi-resident Vijay Cowlagi replaced his conventional bicycle with a folding bike when he moved to a single-bedroom apartment with his wife seven years ago.

“We bought the bikes when not many people were aware of such bikes,” says the 39-year-old project manager who has a Galaxy folding bike, which is produced in Thailand. At the time the bikes were only being sold at Dragon Mart in Dubai.

“These bikes work in the city where space is an issue. We were in a one-bedroom apartment, so space was always limited at home,” he says.

“Also, parking a conventional bike is difficult. If you park them below the building they can get stolen or misused. The folding bike fits perfectly in the boot of the sedan.”

Cowlagi, who works in the oil and gas industry, uses it on work sites, as well.

“I have a job where we can’t take our cars to the main sites of the power plants, so I park my car at the main entrance and ­cycle,” he says.

People always enquire about the bike when he unfolds it during his rides along the Corniche.

“People are only now warming up to the idea of a folding bike and I’ve seen a lot more ­residents riding them in Abu Dhabi.”

To garner interest in folding bikes, Dubai-resident Moises Dacuycuy started the Folding Bike Society UAE Facebook page in 2011, when he purchased his first one, a handmade ­Brompton.

“I’ve had this for five years,” says the 42-year-old businessman, who had to import directly from the UK because there ­weren’t any distributors in the UAE back then.

“When I started the community, none of the shops were selling these bikes and we were ordering them online,” he says. “Now most shops stock them because the bikes are gaining popularity.”

Dacuycuy, who often rides at the Nad Al Sheba Cycle Park after hours, says it’s hassle-free for busy people on the go. He has two Bromptons stashed away in the back seat of his Jeep.

“You don’t even have to wear cycling gear, just a helmet is enough,” he says.

Anthony Bonzon, who works at Beyond A Bike shop in Dubai, says he carries the folding bike with him in the metro. “These bikes become so compact that you can put them away in the luggage compartment of public transport,” says the Sharjah resident. “A lot of them turn into trolleys so you can roll them around with your laptop bag on it. They are pretty light.”

Beyond A Bike is the exclusive distributor of Brompton and Tern folding bikes in the region. Other folding bikes that can be purchased in the UAE include Birdy, Dahon and Strida. Some bikes require only two folds to pack away.

Art director Bong Micu is a folding bikes enthusiast and says they are addictive. He has three different models: a customised Mini, a Brompton and a Strida.

“Either you want to buy several or you want to upgrade them,” he says. Micu says an improvement in technology and compactness has made these bikes a front runner in the consumer market.

“The components used are quite superior. The same material that is being used for road and racing bikes are now being fitted into folding bikes,” he says.

“We have more gear options and high-end tyre companies like Schwalbe are making 16-, 18- and 20-inch tyres for folding bikes, too.”

He says one of the biggest advancements has been the weight. “They are getting lighter with more lightweight and stronger material like titanium and carbon-fibre.”

Hummingbird, a new folding bike company from the UK, has started taking orders for the world’s lightest folding bike at 6.5kg, after successfully concluding a Kickstarter campaign this month.

Micu says a basic folding bike can be made lighter by swapping out bigger wheels and can be upgraded by adding a suspension fork, leather saddles and custom wood fenders.

Bike manufacturers have also created electric versions of the folding bike, although they are heavier.

Dacuycuy says a casual cyclist is often put off by the price of folding bikes, but they are sturdy investments that last for years when well-maintained. Prices for folding bikes begin at Dh1,000, which can be found at Dragon Mart, and go up to Dh25,000 for options made of carbon fibre.

“They are all good bikes. The price difference generally indicates innovative design and how lightweight they are.”

Three folding bikes to buy:

Tern Link C7

This is a good option for budget-conscious cyclists. The seven-speed folds down within seconds, and can be easily carried on public transport. A built-in luggage socket can be used to carry a laptop bag.

Cost: Dh1,935

Where: Beyond A Bike Dubai

Brompton M3L

A three-speed bike that comes in a variety of colours. The comfortable bike is fitted with durable Schwalbe Marathon tyres, making it suitable for rough terrain as well.

Cost: Dh7,048

Where: Beyond A Bike Dubai

Dahon Espresso

The Espresso provides the comfort of a full-size bike, but folds up in less than 15 seconds and and can fit into a suitcase. The fast ride is good value for money for a first-time buyer.

Cost: Dh2,850

Where: BeSport Bikeshop Abu Dhabi

aahmed@thenational.ae

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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.”

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

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Sheikh Zayed's poem

When it is unveiled at Abu Dhabi Art, the Standing Tall exhibition will appear as an interplay of poetry and art. The 100 scarves are 100 fragments surrounding five, figurative, female sculptures, and both sculptures and scarves are hand-embroidered by a group of refugee women artisans, who used the Palestinian cross-stitch embroidery art of tatreez. Fragments of Sheikh Zayed’s poem Your Love is Ruling My Heart, written in Arabic as a love poem to his nation, are embroidered onto both the sculptures and the scarves. Here is the English translation.

Your love is ruling over my heart

Your love is ruling over my heart, even a mountain can’t bear all of it

Woe for my heart of such a love, if it befell it and made it its home

You came on me like a gleaming sun, you are the cure for my soul of its sickness

Be lenient on me, oh tender one, and have mercy on who because of you is in ruins

You are like the Ajeed Al-reem [leader of the gazelle herd] for my country, the source of all of its knowledge

You waddle even when you stand still, with feet white like the blooming of the dates of the palm

Oh, who wishes to deprive me of sleep, the night has ended and I still have not seen you

You are the cure for my sickness and my support, you dried my throat up let me go and damp it

Help me, oh children of mine, for in his love my life will pass me by.