DUBAI // For a house in the desert, the last thing one wants is open windows to let in sand. So other ways need to be found to let the air in - especially during the Gulf's sweltering summers.
For generations, wind towers were the answer. Usually positioned on one corner of a house, they were made of stone, mud brick or gypsum plaster, and stood around three to five metres above the roof, with vents facing in the direction of the sea, to catch the cooler air.
Just like an open window, the tower catches the air, which then filters down into the living area below, creating a cool air stream.
They came into use sometime after 1850, in settlements such as Bastikiya, a Persian trading port in Dubai. Often, the towers were wrapped in wet fabric, to increase their cooling power.
They did not work so well everywhere, though. In low settlements, there would be little, if any, air movement - and therefore little wind for the towers to "catch".
"The Gulf was one of the worst climates in the world," said Susan Roaf, a researcher at Heriot-Watt University in Scotland. "Many people would escape to the mountains during the hotter months."
Over time and with global warming, however, temperatures in this harsh environment have continued to increase.
"It wouldn't work today," said Dr Roaf. "Temperatures are too high, especially for people who are used to air conditioning."
As more modern building techniques were developed, the towers fell out of use. A few can still be found in more traditional areas, such as parts of Qatar.
Now a researcher is trying to apply that ancient formula as a 21st century form of environmentally friendly air conditioning.
Dr Ben Hughes, from Heriot-Watt University's Dubai campus, hopes to devise a system that would use the Gulf's year-round winds as renewable energy.
He has been given a US$1m (Dh3.67m), three-year grant by the Qatar National Resource Priorities Programme to develop the system for the UAE and Qatar.
Thanks to a partnership with Qatar University, he has two researchers assisting with the project in Doha and two at Heriot-Watt. The Qatar team is looking at prototypes, while the other group is conducting computer modelling, creating a virtual environment in which to test their designs.
The modelling re-creates the air flow around any shape, allowing the researchers to predict their performance and identify areas for improvement.
"Air conditioning accounts for 70 per cent of energy use in the UAE in buildings, which is no longer sustainable," said Dr Hughes. "So we're looking to bring wind towers back in a modern method."
Unlike the tall thin towers of old, the new system would be a one metre squared box, with a hole down the middle.
It would only require very minimal winds - around three metres per second, hardly noticeable to humans and typical of UAE wind speeds on an average day.
Wind would enter the tower, and then pass through a cooling array - fluid-filled cooling pipe - that functions much like a refrigerator.
As with a fridge, the fluid will last the lifetime of the box. Unlike the coolant in a fridge, however, it will pose no danger to the environment if there were to be a leak.
The fluid would need to be fully environmentally friendly, non-toxic, and free of chlorofluorocarbons, the greenhouse gases still in widespread use in fridges. That, says Dr Hughes, is the challenge since such a product has not yet been developed.
Once cooled, the air would then be passed down to the home through a filter that would also remove any sand or other pollution.
The result would be a system that is not only environmentally friendly, but healthier than existing air conditioners.
It should enable homes to be constantly cooled to around 25 to 30C - still quite warm, especially for those who like their AC chilly.
Dr Hughes admitted that in the hottest months the system may need to be supplemented with conventional air conditioning.
While the system itself sounds simple, the Gulf's sand and heat make it an engineering challenge, said Dr Hughes. "To get that temperature down to 25 to 30 degrees is very difficult."
Other strategies are being investigated, including ground cooling, where the fluid is taken from a cooler storage point below ground during summer months, or night cooling, which would capture the colder air of the later hours. "There's also a solar-powered option where the system stores energy for when it's not windy," said Dr Hughes. The other hitch, said the academic, is that the box relies purely on the outside air - there is no temperature control. Eventually, though, he hopes to be able to make a system powerful enough to cool a small house or a two-bedroom apartment. A villa would need two boxes.
"At Dh90,000 for installation, the system is very affordable," said Dr Hughes. "It's also very low maintenance."
A prototype is due to be finished by the middle of next year, but UAE developers are already keen, said Dr Hughes. "Firstly, it's their cultural heritage and secondly, it's all part of their green and sustainable building strategy."
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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.”
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
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Job: CEO JCDecaux Middle East
In the role: Since January 2015
Lives: In the UAE
Background: M&A, investment banking
Studied: Corporate finance
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