The Dubai-Stansted route was closed at the start of the Covid-19 lockdowns in March 2020. Photo: London Stansted Airport
The Dubai-Stansted route was closed at the start of the Covid-19 lockdowns in March 2020. Photo: London Stansted Airport
The Dubai-Stansted route was closed at the start of the Covid-19 lockdowns in March 2020. Photo: London Stansted Airport
The Dubai-Stansted route was closed at the start of the Covid-19 lockdowns in March 2020. Photo: London Stansted Airport

Emirates resumes flights to London Stansted Airport after more than two years


Hayley Skirka
  • English
  • Arabic

Emirates is once again operating flights to three airports in the UK's capital after resuming services to London Stansted Airport.

It's the first time in nearly two-and-a-half years the Dubai airline has flown passenger services to the city's third biggest hub.

Operated via a Boeing 777, the route offers economy, business and first class cabins.

Flights depart Dubai in the morning, just before 9am, landing in the UK at 1.30pm. Return services leave London just after 9pm and arrive back in the UAE a little after 7am the following day.

For the first time since March 2020, travellers can now fly Emirates between Dubai and London Stansted. Photo: London Stansted Airport
For the first time since March 2020, travellers can now fly Emirates between Dubai and London Stansted. Photo: London Stansted Airport

Taking just 10 minutes longer than flights from Dubai to Heathrow, with a flying time of seven hours, the daily Stansted service adds extra capacity for travellers heading to or from the UK. The service last operated in March 2020, but was suspended during the Covid-10 pandemic.

Emirates had originally planned to resume the Stansted service with five weekly flights, but has instead restarted operations with a daily service, most likely due to the current increased demand for international travel and continuing problems at London Heathrow.

Stansted is to the north-east of London, providing easy access to Essex and the east coast of the UK.

“Attracting more international visitors is crucial to growing the East of England’s year-round visitor economy so establishing this connection between London Stansted and the Dubai hub will create a lot more opportunity for inbound tourism," said Pete Waters, executive director of Visit East of England.

110 weekly Dubai-UK flights by October

Emirates already operates to London Heathrow and Gatwick Airport; the airline recently announced it was upping flights to the latter to help alleviate passenger disruption following capacity limits put in place by authorities at Heathrow.

Emirates now operates nine daily flights to London, including six to Heathrow and a double daily flight to Gatwick, with an additional Gatwick service in place until August 3.

Emirates is operating 9 daily flights to London from Dubai. Photo: Emirates
Emirates is operating 9 daily flights to London from Dubai. Photo: Emirates

There's more development in the pipeline for the airline, which will operate 110 weekly flights to the UK by October.

These will include six daily flights to Heathrow, a daily service to Stanstead and two A380 flights to Gatwick. Emirates will also be operating three times per day to Manchester, a double daily service to Birmingham, a daily flight to Glasgow — Emirates' only operational destination in Scotland — and five weekly flights to Newcastle.

Emirates has also launched its new premium economy cabin on flights to London Heathrow. Offering travellers leather seats with footrests, more legroom and six-way adjustable headrests, the new cabin class is available on high-traffic routes to London, Paris and Sydney.

What to expect flying in Emirates' new premium economy cabin — in pictures

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.”

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