• Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, watches the installation of the final piece of the facade of the Museum of the Future, in downtown Dubai.
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, watches the installation of the final piece of the facade of the Museum of the Future, in downtown Dubai.
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attends a ceremony to mark the completion of the facade of the Museum of the Future, accompanied by Sheikh Hamdan bin Mohammed, Dubai Crown Prince, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai.
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attends a ceremony to mark the completion of the facade of the Museum of the Future, accompanied by Sheikh Hamdan bin Mohammed, Dubai Crown Prince, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai.
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attends the installation of the final piece of facade of the Museum of the Future, accompanied by Sheikh Hamdan bin Mohammed, Dubai Crown Prince, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai. The Museum of the Future was named one of the 14 most beautiful museums on the planet by 'National Geographic' magazine.
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attends the installation of the final piece of facade of the Museum of the Future, accompanied by Sheikh Hamdan bin Mohammed, Dubai Crown Prince, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai. The Museum of the Future was named one of the 14 most beautiful museums on the planet by 'National Geographic' magazine.
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, with Mohammed Al Gergawi, Minister of Cabinet Affairs, Vice Chairman of the Board of Trustees and Managing Director of the Dubai Future Foundation, as Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai, looks on.
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, with Mohammed Al Gergawi, Minister of Cabinet Affairs, Vice Chairman of the Board of Trustees and Managing Director of the Dubai Future Foundation, as Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai, looks on.
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, with Mohammed Al Gergawi, Minister of Cabinet Affairs, Vice Chairman of the Board of Trustees and Managing Director of the Dubai Future Foundation.
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, with Mohammed Al Gergawi, Minister of Cabinet Affairs, Vice Chairman of the Board of Trustees and Managing Director of the Dubai Future Foundation.
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, views the facade of the Museum of the Future. The facade consists of 1,024 plates manufactured entirely by robots, a first-of-its-kind venture in the Middle East.
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, views the facade of the Museum of the Future. The facade consists of 1,024 plates manufactured entirely by robots, a first-of-its-kind venture in the Middle East.
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, at the installation of the final piece of facade of the Museum of the Future. The stainless steel facade extends over 17,000 square metres.
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, at the installation of the final piece of facade of the Museum of the Future. The stainless steel facade extends over 17,000 square metres.
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, at the installation of the final piece of facade of the Museum of the Future. The facade is illuminated by 14,000 metres of Arabic calligraphy, designed by Emirati artist Mattar bin Lahej.
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, at the installation of the final piece of facade of the Museum of the Future. The facade is illuminated by 14,000 metres of Arabic calligraphy, designed by Emirati artist Mattar bin Lahej.
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, stands in front of the spectacular facade of the Museum of the Future. Design and engineering software company Autodesk described the museum as one of the most innovative buildings in the world.
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, stands in front of the spectacular facade of the Museum of the Future. Design and engineering software company Autodesk described the museum as one of the most innovative buildings in the world.
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, stands in front of the Museum of the Future, accompanied by Sheikh Hamdan bin Mohammed, Dubai Crown Prince, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai.
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, stands in front of the Museum of the Future, accompanied by Sheikh Hamdan bin Mohammed, Dubai Crown Prince, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai.
  • The ceremony for the installation of the final piece of the facade of the Museum of the Future. The seven-storey pillarless structure stands 77 metres tall.
    The ceremony for the installation of the final piece of the facade of the Museum of the Future. The seven-storey pillarless structure stands 77 metres tall.
  • The Museum of the Future will be home to a research centre with labs and classrooms, as well as showcasing exhibitions, immersive theatre and themed attraction. Organisers say it will invite visitors to 'look beyond the present to the possible'.
    The Museum of the Future will be home to a research centre with labs and classrooms, as well as showcasing exhibitions, immersive theatre and themed attraction. Organisers say it will invite visitors to 'look beyond the present to the possible'.
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, at the installation of the final piece of facade at the Museum of the Future. He was accompanied by Sheikh Hamdan bin Mohammed, Dubai Crown Prince, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai.
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, at the installation of the final piece of facade at the Museum of the Future. He was accompanied by Sheikh Hamdan bin Mohammed, Dubai Crown Prince, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai.

UAE

Dubai's Museum of the Future named one of world's most beautiful

The spectacular venue was ranked one of the 14 most beautiful museums on the planet by 'National Geographic'

The National

July 31, 2021

  • English
  • Arabic

Dubai's Museum of the Future has been hailed a major global attraction – before it has even opened its doors to the public.

It was named one of the 14 most beautiful museums on the planet in a list compiled by National Geographic magazine.

Other eye-catching museums featured included Shanghai Museum of Astronomy in China, the National Museum of African American History and Culture in the US capital, Washington, and the Guggenheim Bilbao Museum in Spain.

The striking landmark in downtown Dubai was lauded for its dazzling design and cutting-edge technological innovation in the rankings.

Construction work on the museum is approaching its final stages, although a firm opening date for the venue is still to be announced.

“The emirate’s ambitions are reflected in an engineering miracle like Dubai's Museum of the Future that has been globally recognised as the world’s most beautiful museums even before its completion,” said Mohammad Al Gergawi, Minister of Cabinet Affairs, Vice Chairman of the Board of Trustees and Managing Director of the Dubai Future Foundation.

“The museum presents the UAE’s and the world’s gateway to the future with its design and latest technologies.

“The engineering icon positions Dubai as a testbed for emerging technologies and an exploration base for talents, inventors and creative professionals from all over the world to unravel the greatest challenges that will shape the future of humanity,” said Mr Al Gergawi.

“Once complete, the museum will give visitors a glimpse of the future.”

Spanning an area of 30,000 square metres, the seven-storey pillarless structure stands 77 metres tall.

The stainless steel facade, which extends over 17,000 square metres, is illuminated by 14,000 metres of Arabic calligraphy designed by the Emirati artist Mattar bin Lahej.

Two bridges link to the museum. The first extends to Jumeirah Emirates Towers, with a length of 69 metres, while the second links it to the Emirates Towers metro station, at a length of 212 metres.

The facade consists of 1,024 plates manufactured entirely by robots in a first-of-its-kind venture in the Middle East. Each plate consists of four layers, with each layer created through a 16-step process, said officials.

Dubai's Museum of the Future will be powered by 4,000 megawatts of solar energy produced by a station connected to the building.

A park surrounding the museum contains 80 species of plants and is equipped with a state-of-the-art intelligent and automatic irrigation system.

The building was designed by Shaun Killa, design partner of Killa Design.

The striking venue has already won the Tikla International Building Award as a unique architectural model.

Design and engineering software company Autodesk described the museum as one of the most innovative buildings in the world.






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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.

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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Updated: August 02, 2021, 2:48 PM