A woman poses for photos at the Corniche. The adjoining road was built on reclaimed land in 2003 and 2004. Mona Al Marzooqi / The National
A woman poses for photos at the Corniche. The adjoining road was built on reclaimed land in 2003 and 2004. Mona Al Marzooqi / The National
A woman poses for photos at the Corniche. The adjoining road was built on reclaimed land in 2003 and 2004. Mona Al Marzooqi / The National
A woman poses for photos at the Corniche. The adjoining road was built on reclaimed land in 2003 and 2004. Mona Al Marzooqi / The National

Neighbourhood guide: The Corniche


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Street No 1, also known as the Corniche, is one of the best-known roads in Abu Dhabi. In days gone by, pearl fishermen lived in this area, close to the port. In the late 1960s, as the oil industry started to take off, hotels were built to accommodate visiting executives. The Sheraton Hotel and Resort, Al Ain Palace Hotel and the Hilton Abu Dhabi were once some of the tallest buildings along the coastline. The road we use today was built on reclaimed land in 2003 and 2004. Before then, these hotels and the line of buildings used to be on the water's edge.

The modern-day Corniche is now nine kilometres of promenade, beaches and parks, with plenty of options for fitness, exercise and recreation for the whole family.

Attractions

The beaches, parks and hotels are the main attractions along the Corniche. There’s a beach for the general public, and there are similar facilities for families and singles.

The family beach has grassy areas and plenty of shade under gazebos. There are also play areas for children.

Beach-goers can hire a sunshade and lounger or simply throw a towel on the sand. Swimmers are watched over by lifeguards, and the beach has the internationally recognised Blue Flag status, which means the beach meets environmental, safety and water-quality standards. Entry to the public beach is free, but some areas, such as the Family Beach, charge Dh10 per person.

At the heart of the Corniche beach, by the family and public beach entrances, is a plaza area. During the Formula 1 ­Etihad Airways Abu Dhabi Grand Prix next month, this area will be turned into the F1 FanZone, with interactive activities, big screens for watching the action at Yas Marina Circuit, plus other family-related activities. The Yasalam events, which include music, entertainment and community elements, are free to ­attend.

For beach clubs with hotel service and additional facilities, there are two options, both offering annual membership and daily passes. Nation Riviera, which is attached to St Regis Abu Dhabi, offers access to a private beach, lap pool, restaurants and gym for Dh200 for a day pass for one or Dh300 for a couple. Hiltonia Beach Club charges Dh200 per couple for a weekday (Dh290 at weekends), or Dh140 per couple after 3pm.

Across the road from the beach are themed parks, which are particularly popular with families during the cooler months, especially at weekends. In the summer, the parks become a hive of activity during the evenings and into the night.

The Family Park has a toddlers’ village with trains and boats, as well as climbing and imaginative play equipment, a ­Treasure Island and an area called ­Tranquility Bay for children up to 12 years old.

The parks are linked by a series of underpasses, all with mosaic murals on the walls and fountains at the end of each tunnel. Ramps ensure access for all. In the shadows of Baynunah Tower is a small water park with a skate park nearby.

The underpass for Sheikh Rashid bin Saeed Street is in two parts. In the middle of the road is a plaza area with garden rooms – small, tranquil, walled areas with benches, water features and seating.

The Recreation Park has a large spire, sundial and more children’s play areas. The Formal Park has a series of fitness stations, a maze and a walled garden. Farther on, towards Mina, the Heritage Park has lush planting and gazebos.

Dining

There are plenty of quick-bite options in the crescent of outlets by the public beach. And Khalidiya has become a genuine food hotspot: Saudi ­Kitchen, Chagh Kabab, Buffalo Wings & Rings, Fly Hot Dog and ­Japanese cafe Mikado, as well as ­Camacho, which serves an unusual combination of ­Japanese and ­Italian dishes. Many of these restaurants are open until 4am on Thursday and Friday nights. Takeaway fans can also head to the Corniche Residence tower, where Johnny Rockets serves shakes and burgers in an American diner-style setting.

On the 74th floor of ­Jumeirah at Etihad Towers hotel, the ­Observation Deck at 300 has one of the best views of the Corniche. An entrance fee is charged, but this can be partially offset against the price of high tea.

The suavest option in the area is Asia de Cuba, a vibrant restaurant and bar next to the water at the Nation Rivera Beach Club, while the adjacent seafood spot Catch is similarly five-star.

Zyara, a Lebanese restaurant towards the Corniche’s eastern end, has a homely and cosy atmosphere with sofas that you could sit on all day long.

Alternatively, you can picnic in the park. Barbecuing isn’t allowed, but taking a hamper of food and enjoying the green space is a lovely way to while away some time.

Retail

This is perhaps one of the few areas of the city where retail takes a comparative back seat, but there are still a few good options. Nation ­Galleria has a cinema, organic supermarket and designer shops. Marina, Khalidiyah, World Trade Center and Abu Dhabi malls are all also within easy reach. Spinneys and Abela are popular supermarkets, and there are plenty of Baqala convenience shops in the residential streets. Hollywood Magic sells evening gowns and dresses for special occasions.

Transport

The beach car park by Nation Towers gives plenty of paid and free space for weekend visitors, and the nearby underpass allows safe, quick crossing to the beach.

Perhaps the easiest way to travel along the Corniche is to run, rollerblade or bike it. Bicycles can be hired near to the Hiltonia for Dh20 an hour for adults and Dh15 for children. The 005, 034 and 063 buses run along the Corniche.

‘From all the bedrooms, we have a view of the sea’

Lorraine Simon and her husband, Daniel, and their sons, Cian, 12, and Gavin, 9, have lived in an apartment in the Salama ­Residence since 2012. Before this, they lived in ­Khalidiya ­Palace Rayhaan, opposite ­Emirates ­Palace, but wanted to move closer to the boys’ school, Lycée Français Théodore Monod, and also to an area where they could get out and about.

“I had lots of friends who lived in this block, so I knew it quite well,” she says. “When we were looking, the construction had finished, and I thought this was the block I wanted to live in.

“As I saw this building, I said it was well-priced, in a good location, with a pool on the roof and a big balcony that we can put garden furniture on. From the living room and all the bedrooms, we have a view of the sea.

“There isn’t any car parking, but we have a Mawaqif permit, and this year there seems to be more car parking available in the evenings.”

Simon says she enjoys the community feel of the area and the proximity of dining and leisure amenities, including The Third Place Cafe, which she calls a relaxing “home from home”.

“My block is definitely my community. I walk to Costa to see friends, and on Saturday mornings, I meet a friend for breakfast in Jones the Grocer. I don’t understand why you’d need to live on a compound for a sense of community. It feels compound-like in the block. Everything is here.

“On Tuesday, I went for a yoga class on the beach,” Simon adds. “Everyone who was there lived close by. We were doing yoga on the beach, facing the ocean and Marina Mall. It was just beautiful.”

Simon says that the location also has a lot of attractions for families.

“We take the beach for granted, and the boys don’t use it as much as they could. If they want to play, they come to down to the small grassy area and throw a rugby ball around with their friends.

“For the boys, living here is functional. If they want to go to their friends’ houses, they get on their scooters and go. They can cross at the lights and safely travel along the pavement.

“My younger son finishes school earlier than his brother, so the two of us go for a walk, have an ice cream and look at the sea.”

Cooling temperatures are now giving Simon the opportunity to stretch her legs.

“In the winter months, I walk to Marina Mall, and will get a taxi back with my shopping,” she says. “In the UK, I’d walk 40 minutes quite happily, but when I first moved here, I didn’t. Now, I think it’s fine, and just leave earlier and plan it into my day.”

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Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

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192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

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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.”