The Cadillac Escalade ESV Platinum. Satish Kumar / The National
The Cadillac Escalade ESV Platinum. Satish Kumar / The National
The Cadillac Escalade ESV Platinum. Satish Kumar / The National
The Cadillac Escalade ESV Platinum. Satish Kumar / The National

Road test: 2017 Cadillac Escalade


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The Escalade has presence. How could it not, with that massive chrome-laden grille stretched across its expansive face? Without a shadow of doubt, it’s the largest passenger vehicle I’ve ever tested (the only thing bigger that comes to mind is a Mercedes Actros truck), stretching 5.7 metres from stem to stern, and more than 2 metres across the bows. It’s not too much of an exaggeration to say the bootlid and grille reside in two separate postcodes.

But sheer size has been Cadillac’s hallmark for many decades. Remember the 1966 Eldorado, with its sea of sheet metal and razor-sharp fins? Well, the Escalade is in many ways the modern-day counterpart to that.

The ballistic CTS-V saloon may well be the fastest vehicle in Cad­illac’s line-up, but the Escalade is the flag bearer, embodying all the brand’s traditional core values. Apart from its gargantuan dim­ensions, the hulking SUV is also crammed with all the mod cons that GM could throw at it.

If you can imagine driving down the road in your living room – complete with its leather lounge suite and home entertainment system – then you can pretty much visualise what the Escalade is like. Clamber up into its lofty innards – automatically deploying side steps make this easier – and you’ll find yourself ensconced in a cabin that’s surprisingly well-executed.

Past Escalades may have been packed with features galore, but they were always cheapened somewhat by their unimaginatively designed, poorly made cockpits and plethora of "GM parts bin" switchgear. This time around, a lot more effort has clearly gone into the process, with an attractive blend of high-quality leather and woodgrain surfaces, making for a suitably premium ambience – as should be the case in almost-Dh400,000 vehicle.

The only elements I dislike are the clunky column-shift auto and annoyingly fiddly air-conditioning/infotainment-system controls. No shortage of bells and whistles, though, because the range-topping Platinum we’re testing comes with an excellent 16-speaker Bose sound system, a pair of nine-inch Blu-ray DVD screens in the front seat backs and lots more. There’s also a barrage of safety-enhancing driver aids (including a park-assist feature that can parallel/perpendicular-park the vehicle on its own) and multiple airbags.

Feature-laden, leather-lined and vastly spacious it may be, but there’s no getting away from the Caddy’s humble origins once you drive a few kilometres down the road. Where nearly all rivals are underpinned by lighter and more sophisticated unibody platforms, the Escalade shares its truck-like body-on-frame architecture with the likes of the Chevrolet Tahoe and GMC Yukon.

This, plus its hefty 2.7-tonne girth, means it neither rides nor handles with the finesse of its premium German/British/Japanese rivals – and this is despite the fact it’s equipped with Cadillac’s clever magnetorheological dampers. The Escalade falls well short of a Range Rover’s refinement levels, and it isn’t even in the same universe as BMW X5 or Porsche Cayenne in terms of agility.

In terms of pure merit, the Escalade is still well off the pace, but this won’t matter to many of its potential buyers. They will be sufficiently swayed by its formidable visual presence, acres of cabin space and dizzying array of mod cons. Who am I to say they’re wrong?

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

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.”

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

In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000