There are a few things which immediately spring to mind when thinking about Dubai. The Burj Khalifa, obviously. The Creek and Jumeirah Beach, of course. The Burj Al Arab, certainly.
And Rory McIlroy. Not many things are quite as synonymous with this city as success for the Northern Irishman on its golf courses.
After claiming a historic fourth title at the Emirates Golf Club on Sunday, McIlroy acknowledged that he and the city had grown up together in the best part of two decades since they first made each other’s acquaintance.
His list of career highlights has “Dubai” written on it more times than an Emirates Airlines flight schedule. Along with his four Dubai Desert Classic titles, he has won the Race to Dubai five times, and the DP World Tour Championship at Jumeirah Golf Estates, twice.
“The arc of my career and Dubai in general have tracked each other pretty consistently along the way,” said McIlroy, whose winning score of 14-under-par was one better than runner up Adrian Meronk.
“I remember my first Desert Classic in '06 as an amateur, staying what seemed like out in the desert. It's probably only ten minutes away now, it's so built up.
“To think, 18 years ago, what it meant to come here and play in this event, to be sitting here now having won it four times, and all the great experiences that I've had in Dubai and the friends that I've met.
“It's always been a place where I come back to and reminisce about my career because I really feel like it's where everything started.”
Back in 2006, McIlroy revelled in his invite to play at the Classic while still a teenaged amateur. His dad was on his bag. He could visit his mate’s villa, and play with his dog and his X-Box.
And, he revealed after his fourth title win, he had even pulled a ruse to nip inside the ropes to watch his heroes in action when he was done with his own playing commitments.
“The first Desert Classic, I took a media credential and I walked inside the ropes to follow Tiger [Woods], Ernie Els and Thomas Bjorn,” he said.
“To think about even the arc of that: Thomas Bjorn is my Ryder Cup captain; I ended up buying Ernie Els's house; and I've become really good friends with Tiger Woods. It's just amazing to think back on the last 18 years and where I find myself.
“I certainly don't take anything for granted, and I always appreciate the opportunity to be able to do what I do. It feels amazing to sit here and have won that big coffee pot four times.”
Back then, his father, Gerry, had the best view of his boy on the course, as his caddie. Eighteen years on, even he has to vie for room in massive galleries, the size of which were only ever previously reserved for Woods.
Such has McIlroy’s popularity become, the masses following him around this weekend might even have been larger than any of those that witnessed Woods here.
This time around, McIlroy’s mother Rosie was back to see him. And, again, to pose with the trophy beside the 18th green.
“This is her first time in Dubai in nine years,” McIlroy said. “They also love coming to Dubai and love spending time here.
“we've got three of those pictures on the 18th green. They weren't here for the win last year, but it's pretty cool.
“From 2009 to now, and the 15 years that have passed and everything that's happened, it's still incredibly cool to be able to do those things with them.”
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Results
5pm: Wadi Nagab – Maiden (PA) Dh80,000 (Turf) 1,200m; Winner: Al Falaq, Antonio Fresu (jockey), Ahmed Al Shemaili (trainer)
5.30pm: Wadi Sidr – Handicap (PA) Dh80,000 (T) 1,200m; Winner: AF Majalis, Tadhg O’Shea, Ernst Oertel
6pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Fakhama, Fernando Jara, Mohamed Daggash
6.30pm: Wadi Shees – Handicap (PA) Dh80,000 (T) 2,200m; Winner: Mutaqadim, Antonio Fresu, Ibrahim Al Hadhrami
7pm: Arabian Triple Crown Round-1 – Listed (PA) Dh230,000 (T) 1,600m; Winner: Bahar Muscat, Antonio Fresu, Ibrahim Al Hadhrami
7.30pm: Wadi Tayyibah – Maiden (TB) Dh80,000 (T) 1,600m; Winner: Poster Paint, Patrick Cosgrave, Bhupat Seemar
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Famous left-handers
- Marie Curie
- Jimi Hendrix
- Leonardo Di Vinci
- David Bowie
- Paul McCartney
- Albert Einstein
- Jack the Ripper
- Barack Obama
- Helen Keller
- Joan of Arc
Take Me Apart
Kelela
(Warp)
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
Final scores
18 under: Tyrrell Hatton (ENG)
- 14: Jason Scrivener (AUS)
-13: Rory McIlroy (NIR)
-12: Rafa Cabrera Bello (ESP)
-11: David Lipsky (USA), Marc Warren (SCO)
-10: Tommy Fleetwood (ENG), Chris Paisley (ENG), Matt Wallace (ENG), Fabrizio Zanotti (PAR)
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Results
Ashraf Ghani 50.64 per cent
Abdullah Abdullah 39.52 per cent
Gulbuddin Hekmatyar 3.85 per cent
Rahmatullah Nabil 1.8 per cent
Brief scoreline:
Al Wahda 2
Al Menhali 27', Tagliabue 79'
Al Nassr 3
Hamdallah 41', Giuliano 45 1', 62'
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.”