Among the many new neighbourhoods that have sprung up on the outskirts of Abu Dhabi, seemingly straight out of the sand, there is one that maintains a low profile yet has a surprising amount of charm.
Al Bahia, also known as New Bahia or Lower Bahia, is officially part of the Shahama area along the junction between the E10 and E11 highways. Whereas Shahama is reasonably well known, Al Bahia, located just behind it, still leaves many taxi drivers scratching their heads.
About 10 minutes by car from Abu Dhabi International Airport, this community is accessible from the bridge of Exit 39. It is scenic, quiet and well spaced out, with clusters of shops, elegant mosques and a coastal strip boasting expansive mangrove plantations. Its long streets of Government funded villas are broken up by wide sandy areas (great for dog owners) and patches of greenery.
The air vibrates with the call to prayer and the curving coast is dotted with residents enjoying some amateur fishing as local kids kick a ball around on the sand. There is no doubt about it: Al Bahia offers a good cure for stress.
Ahmed Bahaa, an Egyptian graphic designer who rents in the area, says that he enjoys the tranquillity and the convenience: "I have lived in the city and the main problem is the parking costs. Living here it only takes me 25 minutes to reach the Corniche and when I get home I am coming to a nice relaxing place. I can easily visit Raha Beach and Yas Island, which are both great, or be at Mall of the Emirates in Dubai in less than an hour."
Property agents are responding to the increasing interest in out-of-town areas such as Al Bahia and Khalifa City A and B, and predict it is a trend that will continue. "With many companies relocating out of the city, people are looking to be closer to work and these areas offer good value rental properties and more and more services and facilities, such as the hotels on Yas Island and international schools in the vicinity," says Andrea Menown, a leasing manager at LLJ Property in Abu Dhabi.
As a western expatriate who has taken the unusual step of moving to a predominately Arab community such as Al Bahia, I have personally discovered it pays to step out of your comfort zone - especially if you came to the Middle East to actually feel like you are in the Middle East. It means you can rent a three-bedroom, villa-style property with a garden for the same price as a standard city apartment - a fact that more and more "outsiders" are slowly catching on to.
Although Al Bahia is mainly an Emirati community, a growing group of foreigners is setting up home here, and they are prepared for the inquisitive stares that come with being a minority curiosity. The area is home to a smattering of Americans, Britons and Japanese, plus expatriates from surrounding Middle Eastern countries.
Common sense tells you to dress more conservatively on the street and there is no doubt that some cultural adjustment is required, but I have lost count of the number of strangers who have called out hello to me or waved from a car window. There is also a community of Filipina maids who are always up for a gossip as you bump into each other at the end of the day. Having previously lived in Dubai for three years, I had forgotten what it feels like to chat to the neighbours.
Day-to-day life in Al Bahia is certainly slow paced, but lying behind the high-walled villas and sleepy-looking shop fronts is a vibrant group of residents. One hive of activity, well out of view, is Lulu (Pearl) Beauty Parlour owned by the savvy local businesswoman Ayam Sayeed Rasheed. Here, the hairdresser Mary Kamanthe and the beautician Glenda M'Putong perform a variety of treatments including henna painting, Moroccan baths and manicures while their female customers share the latest news with friends.
Mary, from Kenya, has been working and living in Al Bahia for three years and says the community is thriving: "When I first came here there were no customers. To even see people on the street was very surprising. But now it is the best place to live," she says. "I like to live in quiet, peaceful places. It is not like the city."
Glenda, from the Philippines, says she enjoys the friendly nature of the customers: "I like it here because it is so quiet and the people are nice and very kind. Everyone here is so patient compared to other places I have worked."
Mary says that one difficulty she and Glenda face is the relative remoteness of Al Bahia, which makes getting around difficult. "The problem we have here is getting taxis. Transportation is not perfect. There are buses but you have to know the timings. If you miss one you have to wait another two hours."
For now this is still very much an Emirati community, and one that is protective of the way of life the families enjoy. Qasem al Jassasi has lived in the UAE all his life and in Al Bahia for four years with his wife and three children. He says life is good because the area is safe, clean and quiet: "We are lucky because of the way the villas are spaced out. There is room to move and room to create a big garden on the land you have, meaning you can make a real home for your family."
He sees the gradual influx of foreigners to the neighbourhood as a good thing, but says that more community facilities are needed to meet everyone's needs. "I know there are plans for all over Abu Dhabi going right up to 2030 but what we need here right now are things like doctors, surgeries, a good shopping complex, a better public transport system and a proper public beach that everyone can enjoy. These are simple things that will make life even better." He adds that the young people need modern recreational areas such as football pitches and parks to keep them off the streets and that the bottlenecked road leading from the motorway is dangerous and should be widened to stop accidents.
Indeed, it does feel that Al Bahia, as pretty as it is, is in need of the same focus that nearby Shahama has enjoyed. Abu Dhabi Urban Planning Council has been working on plans for the area for some time and new announcements are expected soon.
For now, Al Bahia is evolving slowly. The residents enjoy an unhurried way of life with plenty of room to breathe and create their own little worlds. Strangers are more than welcome, but change for change's sake is kept at arm's length.
"I have lived nearly everywhere in the UAE, from Al Ain through to Dubai," al Jassasi says, "but I am going to stay where I am. Al Bahia is definitely the best."
For Al Bahia bus routes and transport information visit www.abudhabi.ae
Name
Al Bahia should not be confused with the older, adjacent Al Bahya City.
Drive
A trip to Dubai can be done in around 40 minutes, Abu Dhabi city about 30 minutes.
Property prices
Two-bedroom villas cost from Dh50,000, three-bedroom villas from Dh70,000 and four-bedroom villas from Dh125,000.
Surroundings
Many royal residences are located on the mainland and on a few of the nearby islands, which are accessible by boat.
Entertainment
The area runs parallel to Yas Island, making an evening out in one of the glamorous spot's restaurants or nightclubs easy. Taxi fare from Al Bahia to the island is around Dh15.
Shopping
Organic fruit and vegetables grown on Al Bahia's farms are sold in the local grocers.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Killing of Qassem Suleimani
Killing of Qassem Suleimani
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
OIL PLEDGE
At the start of Russia's invasion, IEA member countries held 1.5 billion barrels in public reserves and about 575 million barrels under obligations with industry, according to the agency's website. The two collective actions of the IEA this year of 62.7 million barrels, which was agreed on March 1, and this week's 120 million barrels amount to 9 per cent of total emergency reserves, it added.
Takreem Awards winners 2021
Corporate Leadership: Carl Bistany (Lebanon)
Cultural Excellence: Hoor Al Qasimi (UAE)
Environmental Development and Sustainability: Bkerzay (Lebanon)
Environmental Development and Sustainability: Raya Ani (Iraq)
Humanitarian and Civic Services: Women’s Programs Association (Lebanon)
Humanitarian and Civic Services: Osamah Al Thini (Libya)
Excellence in Education: World Innovation Summit for Education (WISE) (Qatar)
Outstanding Arab Woman: Balghis Badri (Sudan)
Scientific and Technological Achievement: Mohamed Slim Alouini (KSA)
Young Entrepreneur: Omar Itani (Lebanon)
Lifetime Achievement: Suad Al Amiry (Palestine)
The%20specs
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The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Saturday's schedule at the Abu Dhabi Grand Prix
GP3 race, 12:30pm
Formula 1 final practice, 2pm
Formula 1 qualifying, 5pm
Formula 2 race, 6:40pm
Performance: Sam Smith
Results
Stage 7:
1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29
2. Sam Bennett (IRL) Deceuninck-QuickStep - same time
3. Phil Bauhaus (GER) Bahrain Victorious
4. Michael Morkov (DEN) Deceuninck-QuickStep
5. Cees Bol (NED) Team DSM
General Classification:
1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28
2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35
3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02
4. Chris Harper (AUS) Jumbo-Visma - 0:01:42
5. Neilson Powless (USA) EF Education-Nippo - 0:01:45
HAJJAN
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PFA Premier League team of 2018-19
Allison (Liverpool)
Trent Alexander-Arnold (Liverpool)
Virgil van Dijk (Liverpool)
Aymeric Laporte (Manchester City)
Andrew Robertson (Liverpool)
Paul Pogba (Manchester United)
Fernandinho (Manchester City)
Bernardo Silva (Manchester City)
Raheem Sterling (Manchester City)
Sergio Aguero (Manchester City)
Sadio Mane (Liverpool)
The%20specs
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UAE currency: the story behind the money in your pockets
Have you been targeted?
Tuan Phan of SimplyFI.org lists five signs you have been mis-sold to:
1. Your pension fund has been placed inside an offshore insurance wrapper with a hefty upfront commission.
2. The money has been transferred into a structured note. These products have high upfront, recurring commission and should never be in a pension account.
3. You have also been sold investment funds with an upfront initial charge of around 5 per cent. ETFs, for example, have no upfront charges.
4. The adviser charges a 1 per cent charge for managing your assets. They are being paid for doing nothing. They have already claimed massive amounts in hidden upfront commission.
5. Total annual management cost for your pension account is 2 per cent or more, including platform, underlying fund and advice charges.
Company%20Profile
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The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5
'Gold'
Director:Anthony Hayes
Stars:Zaf Efron, Anthony Hayes
Rating:3/5
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.”