The amphitheatre in Mushrif Central Park. Lee Hoagland / The National
The amphitheatre in Mushrif Central Park. Lee Hoagland / The National

Seven reasons to visit Abu Dhabi’s Mushrif Central Park



Not only has Mushrif Central Park finally opened, providing an amazing new public space for Abu Dhabi residents, but it is also a new venue for the beloved Ripe Food and Craft Market every Saturday, from 4pm to 9pm.

On both of the market days so far, crowds flocked to the beautifully designed park to end the weekend on a high thanks to the community favourite the market has become.

With food trucks, arts and crafts stalls, vendors, live music and children’s activities, there really is something for everyone at the market.

But what about the rest of the week, when there are no stalls and tranquillity reigns? Is the park as much fun and worth a visit?

We say yes, especially for parents with young kids. The park feels like a gift for families. Its many different areas help to educate children while they’re having fun in a clean, smoke-free, outdoor space.

Here are seven reasons why you should take every opportunity to visit the park.

The Music Garden

There is a soundtrack to Mushrif Central Park: tasteful music from hundreds of discreetly placed speakers. But in one particular area, adjacent to one of the many children’s playgrounds and jungle gyms, you will find giant percussion instruments in the Music Garden. There are four drums and a variety of tubular bells, some of which resemble a marimba, and are a delight to play with, for children and adults alike.

Learn through play

Large metal structures near one of the sandy playgrounds seem to be illustrating the laws of physics. There are pulleys to play with, levers to pull that direct wind through tubes to sound a musical note, and a huge, metal contraption that you can push and watch as it slides downhill then returns to its original spot. There are also carnival mirrors that distort your reflection. Children will learn about cause and effect, the idea that every action has a reaction, simply by playing with the structures throughout the park.

Feed the imagination

The park feeds a child’s imagination. The mammoth metal structure over the outdoor amphitheatre area resembles the ribcage of a dinosaur and can provide hours of play.

The children’s play area mimics the arid landscape of the desert and comes complete with bridges, tents, valleys and rocks, ideal for a game of hide-and-seek or an imaginative pretend adventure. Metal fish are embedded in the rock of the man-made streams running through the park and rocky steps in the water have been filed down to remove sharp edges. This is all in addition to the playgrounds dotted around the park, with swings, slides and monkey bars galore.

Animal care

Goats, sheep, ponies, donkeys and camels are the highlights of the Animal Barn area and kids are encouraged to feed them, pet them and observe as their stalls are cleaned.

There are camel rides each day between 5pm and 9pm, with one free ride per guest. Interaction with the animals is free and children are taught about compassion and kindness towards them.

Plants in the mist

There is an open-air botanic garden, shaded by a 28-metre-high structure, in which tropical plants and trees grow in a moisture-controlled environment, which means a continuous, cool mist envelops the area. It’s magical for a child to walk through the thick vegetation, which feels like it’s inside a cloud. To add to the sense of adventure, the structure has two upper-level viewing platforms overlooking the park and surrounding areas, accessible by stairs or a lift.

Choo-choo

A small, colourful train chugs its way through the park from noon onwards, for Dh15 per person (or per child sitting on a parent’s lap). It’s an excellent way to see more of the park’s 14 hectares quickly and easily – and ideal when a toddler needs a rest after running around.

Get active

There is exercise equipment near each children’s play area, meaning that parents can get a workout in the fresh air while children are having fun – a win-win situation.

Entry to Mushrif Central Park costs Dh5 per person, free for children age 3 and under. The park is open from 10am to 10pm daily. Visit www.mushrifcentralpark.ae for more information

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All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

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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.

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“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.”

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Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.