ABU DHABI // Business is booming during the capital's traditional summer slowdown, thanks to a new wave of young professionals breathing fresh life into the city, say managers of bars and restaurants.
Empty patios, desolate supermarkets and light traffic are the norm during these months, thanks largely to the exodus of expatriate families leaving on holiday at the end of the school year.
However, restaurant and pub managers in the Tourist Club district of the city are reporting comparatively robust figures.
"We worry a lot around this time about whether we can achieve our targets because it always gets very quiet," said Heinz Giering, the manager of Trader Vics restaurant in the Rotana Beach hotel.
Takings typically fall 50 per cent below the norm when June arrives and temperatures become unbearable. This year, however, has been different.
"Usually, the impact is huge and we really feel it," said Mr Giering. "This year is strange because we're still making our target. We're running between 70 and 80 per cent, which I can tell you is really different from the numbers from previous years."
Mr Giering and other managers attribute the change to an influx of younger clientele who are suddenly populating the capital. Urban professionals in their 20s are the new summer crowd and, without children of their own, they are less likely to plan holidays to coincide with the end of the school year.
"We used to see a lot of more settled people around here," Mr Giering said. "Suddenly, I get a lot of Etihad crew coming because obviously the staff is based here now, and they're bringing their disposable income."
Increased numbers of tourists and milder temperatures in June and July may also be factors.
Daren Eulenstein, Dubai's chief meteorologist, told The National recently that this year had been "cooler than normal", which tourism managers have said had extended the tourist season. Vlademir Milevski, the manager of the Captain's Arms at Le Meridien hotel, said business was still busy on Thursday evenings and at weekends.
"Now we're getting a lot more younger people because companies are hiring a lot of younger people," he said.
A waiter, Edbert Locsin, said he had noticed a different "buzz" at the restaurant bar this summer.
"Business is actually good this summer," Mr Locsin said. "Maybe this is because there are more people living in Abu Dhabi. Last year, more than half [the patrons] were gone."
While revenues have dropped overall, Mr Milevski said the Captain's Arms had still been able to draw a sizeable weekend crowd.
"We've probably lost a little more than a third of our clients," he said. "Other companies that are still continuously working, like Etihad, are still coming in."
The younger expatriate community had also been able to offset declining attendance at some fitness classes, said Ria Haffar, a yoga instructor.
"It's really weird," she said. "I still have an average of 24, 25 students in my class at the Beach Rotana. I've done a count and it's been the same for the past few months."
She described her clientele as "mostly youngsters - a lot of Etihad crew". Like most other fitness trainers, however, Ms Haffar has cut summer sessions at the Abu Dhabi Health and Fitness Club, where the majority of her clients are mothers, because "everybody disappears".
"The majority is ladies who drop their kids at school and then come to yoga, so now that school's stopped, they've all taken holidays," she said. "Where the younger people are is where the studios are full."
Another freelance fitness instructor, Billy Rodgers, had noticed an increase in younger clients between the ages of 24 and 30.
"A lot of people that come there are certainly younger," he said. "We get a lot of Etihad crew and younger females now. I suppose they're here because the economic situation in Abu Dhabi is so good." Despite the unusually steady business at some establishments this year, the summer slowdown has been a striking contrast to the hustle, gridlock and the general frustration of daily life in the capital.
Mr Rodgers said his 20-minute morning commute to work now took just five minutes.
What's more, evening queues at the Spinneys supermarket have also been reduced to just a few stragglers, with some shoppers proceeding directly to the check-out tills without having to wait. Others appreciated the freedom to select groceries without having to jockey for aisle space with other trolleys.
"The lines are definitely shorter compared to normal days in the winter," said a customer service manager. Almost alone in the sodas section, Blayne Oliver relished the new elbow room. "It's nice not to have to contest for a certain side of the aisle," he said.
But for Mr Oliver, who also manages the Mugg & Bean coffee house on the floor above the shop, the hotter months also mean a loss of revenue at his cafe. "The chaos has died down," he said.
"You appreciate how quiet it is when you're in a hurry, but having a lot of people creates a buzz and a good feeling. I'm looking forward to the winter."
@Email:mkwong@thenational.ae
RESULT
Bayern Munich 3 Chelsea 2
Bayern: Rafinha (6'), Muller (12', 27')
Chelsea: Alonso (45'+3), Batshuayi (85')
COMPANY PROFILE
Name: Elmawkaa
Based: Hub71, Abu Dhabi
Founders: Ebrahem Anwar, Mahmoud Habib and Mohamed Thabet
Sector: PropTech
Total funding: $400,000
Investors: 500 Startups, Flat6Labs and angel investors
Number of employees: 12
UAE Warriors 45 Results
Main Event
: Lightweight Title
Amru Magomedov def Jakhongir Jumaev - Round 1 (submission)
Co-Main Event
: Bantamweight
Rany Saadeh def Genil Franciso - Round 2 (submission)
Catchweight 150 lbs
Walter Cogliandro def Ali Al Qaisi - Round 1 (TKO)
Bantamweight
Renat Khavalov def Hikaru Yoshino - Round 2 (TKO)
Flyweight
Victor Nunes def Nawras Abzakh - Round 1 (TKO)
Flyweight
Yamato Fujita def Sanzhar Adilov - Round 1 (submission)
Lightweight
Abdullo Khodzhaev def Petru Buzdugen - Round 1 (TKO)
Catchweight 139 lbs
Razhabali Shaydullaev def Magomed Al-Abdullah - Round 2 (submission)
Flyweight
Cong Wang def Amena Hadaya - Points (unanimous decision)
Middleweight
Khabib Nabiev def Adis Taalaybek Uulu - Round 2 (submission)
Light Heavyweight
Bartosz Szewczyk def Artem Zemlyakov - Round 2 (TKO)
COMPANY PROFILE
Name: Qureos
Based: UAE
Launch year: 2021
Number of employees: 33
Sector: Software and technology
Funding: $3 million
'Fantastic Beasts: The Secrets of Dumbledore'
Rating: 3/5
Directed by: David Yates
Starring: Mads Mikkelson, Eddie Redmayne, Ezra Miller, Jude Law
COMPANY PROFILE
Name: PlanRadar
Started: 2013
Co-founders: Ibrahim Imam, Sander van de Rijdt, Constantin Köck, Clemens Hammerl, Domagoj Dolinsek
Based: Vienna, Austria
Sector: Construction and real estate
Current number of staff: 400+
Investment stage: Series B
Investors: Headline, Berliner Volksbank Ventures, aws Gründerfonds, Cavalry Ventures, Proptech1, Russmedia, GR Capital
COMPANY PROFILE
Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside
COMPANY PROFILE
Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentyn Volkov
Based: Dubai, UAE
Industry: Smart contact lenses, augmented/virtual reality
Funding: $40 million
Investor: Opportunity Venture (Asia)
Herc's Adventures
Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5
COMPANY PROFILE
Name: Shaffra
Started: 2023
Based: DIFC Innovation Hub
Sector: metaverse-as-a-Service (MaaS)
Investment: currently closing $1.5 million seed round
Investment stage: pre-seed
Investors: Flat6Labs Abu Dhabi and different PCs and angel investors from Saudi Arabia
Number of staff: nine
COMPANY PROFILE
Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends
EA Sports FC 24
Developer: EA Vancouver, EA Romania
Publisher: EA Sports
Consoles: Nintendo Switch, PlayStation 4&5, PC and Xbox One
Rating: 3.5/5
TWISTERS
Director:+Lee+Isaac+Chung
Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos
Rating:+2.5/5
Sarfira
Director: Sudha Kongara Prasad
Starring: Akshay Kumar, Radhika Madan, Paresh Rawal
Rating: 2/5
'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
COMPANY PROFILE
Company name: Almouneer
Started: 2017
Founders: Dr Noha Khater and Rania Kadry
Based: Egypt
Number of staff: 120
Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
$3.6 million led by Global Ventures
RESULTS
1.45pm: Handicap (TB) Dh80,000 (Dirt) 1,400m
Winners: Hyde Park, Royston Ffrench (jockey), Salem bin Ghadayer (trainer)
2.15pm: Conditions (TB) Dh100,000 (D) 1,400m
Winner: Shamikh, Ryan Curatolo, Nicholas Bachalard
2.45pm: Conditions (TB) Dh100,000 (D) 1,200m
Winner: Hurry Up, Royston Ffrench, Salem bin Ghadayer.
3.15pm: Shadwell Jebel Ali Mile Group 3 (TB) Dh575,000 (D) 1,600m
Winner: Blown by Wind, Xavier Ziani, Salem bin Ghadayer
3.45pm: Handicap (TB) Dh72,000 (D) 1,600m
Winner: Mazagran, Tadhg O’Shea, Satish Seemar.
4.15pm: Handicap (TB) Dh64,000 (D) 1,950m
Winner: Obeyaan, Adrie de Vries, Mujeeb Rehman
4.45pm: Handicap (TB) Dh84,000 (D) 1,000m
Winner: Shanaghai City, Fabrice Veron, Rashed Bouresly.
The Continental: From the World of John Wick
Created by: Greg Coolidge, Shawn Simmons, Kirk Ward
Stars: Mel Gibson, Colin Woodell, Mishel Prada
Rating: 3/5
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
BMW M4 Competition
Engine: 3.0 twin-turbo inline six-cylinder
Transmission: eight-speed
Power: 503hp
Torque: 600Nm
Price: from Dh617,600
On sale: Now
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
Hotel Silence
Auður Ava Ólafsdóttir
Pushkin Press
ROUTE TO TITLE
Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2
UAE currency: the story behind the money in your pockets
War
Director: Siddharth Anand
Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor
Rating: Two out of five stars
COMPANY PROFILE
Name: Kinetic 7
Started: 2018
Founder: Rick Parish
Based: Abu Dhabi, UAE
Industry: Clean cooking
Funding: $10 million
Investors: Self-funded
Armies of Sand
By Kenneth Pollack (Oxford University Press)
'Saand Ki Aankh'
Produced by: Reliance Entertainment with Chalk and Cheese Films
Director: Tushar Hiranandani
Cast: Taapsee Pannu, Bhumi Pednekar, Prakash Jha, Vineet Singh
Rating: 3.5/5 stars
If you go
There are regular flights from Dubai to Kathmandu. Fares with Air Arabia and flydubai start at Dh1,265.
In Kathmandu, rooms at the Oasis Kathmandu Hotel start at Dh195 and Dh120 at Hotel Ganesh Himal.
Third Rock Adventures offers professionally run group and individual treks and tours using highly experienced guides throughout Nepal, Bhutan and other parts of the Himalayas.
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
'The Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5
Company profile
Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices
Company profile
Name: Homie Portal LLC
Started: End of 2021
Founder: Abdulla Al Kamda
Based: Dubai
Sector: FinTech
Initial investment: Undisclosed
Current number of staff: 14
Investment stage: Launch
Investors: Self-funded
The five pillars of Islam
The Department of Culture and Tourism - Abu Dhabi’s Arabic Language Centre will mark International Women’s Day at the Bologna Children's Book Fair with the Abu Dhabi Translation Conference. Prolific Emirati author Noora Al Shammari, who has written eight books that feature in the Ministry of Education's curriculum, will appear in a session on Wednesday to discuss the challenges women face in getting their works translated.
Diriyah project at a glance
- Diriyah’s 1.9km King Salman Boulevard, a Parisian Champs-Elysees-inspired avenue, is scheduled for completion in 2028
- The Royal Diriyah Opera House is expected to be completed in four years
- Diriyah’s first of 42 hotels, the Bab Samhan hotel, will open in the first quarter of 2024
- On completion in 2030, the Diriyah project is forecast to accommodate more than 100,000 people
- The $63.2 billion Diriyah project will contribute $7.2 billion to the kingdom’s GDP
- It will create more than 178,000 jobs and aims to attract more than 50 million visits a year
- About 2,000 people work for the Diriyah Company, with more than 86 per cent being Saudi citizens
The BaaS ecosystem
The BaaS value chain consists of four key players:
Consumers: End-users of the financial product delivered
Distributors: Also known as embedders, these are the firms that embed baking services directly into their existing customer journeys
Enablers: Usually Big Tech or FinTech companies that help embed financial services into third-party platforms
Providers: Financial institutions holding a banking licence and offering regulated products
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