Anyone riding an e-scooter in Dubai in designated areas of the city without a driving licence will, from Thursday, need a permit.
The emirate's Roads and Transport Authority introduced the scheme to make the roads safer.
It allows the use of e-scooters in 10 districts of the city on routes spanning 167 kilometres.
The permit is mandatory for people without a driving licence and over the age of 16 who plan to ride on the streets in these 10 designated areas. A permit is not required if users remain on designated bicycle paths or footpaths in these areas, the RTA said.
So, how do you get the permit and what are the rules?
The National explains.
Where are people allowed to ride?
The use of e-scooters in Dubai is allowed on certain cycling tracks and in 10 districts. The 10 districts are:
- Sheikh Mohammed bin Rashid Boulevard
- Jumeirah Lakes Towers
- Dubai Internet City
- Al Rigga
- 2nd of December Street
- The Palm Jumeirah
- City Walk
And designated safe roads and tracks in specific zones at:
- Al Qusais
- Al Mankhool
- Al Karama
They are also allowed on cycling lanes throughout Dubai, except for the cycling tracks at Saih Assalam, Al Qudra and Meydan. E-scooters are not allowed on jogging or walking paths.
Who needs a permit?
Anyone who does not already hold a driving licence, from the UAE or abroad, and who is 16 or over who plans to ride on the streets in these 10 areas.
How do you get one?
By visiting the RTA website. You will first be asked whether you are an Emirates ID holder. Anyone who has one will be asked to provide the details, along with their phone number. The next step is to say whether you have a driving licence.
Driving licence holders do not require a permit, but they are asked to review material online to familiarise themselves with the rules.
Those who do not have a licence must take a 20-minute theory test on the information provided and secure a minimum 75 per cent test result.
Can tourists apply for a permit?
Yes, tourists are able to apply. They are first asked whether they hold a driving licence.
If they do, they are told they do not require a permit. But like those with an Emirates ID, they are asked review the e-scooter online training course to familiarise themselves with the rules and where they can ride.
They must also check a box to say they will keep their passport with them when they are riding on their e-scooter and complete the online training course and theory test.
If I don't get a permit, will I be fined?
Yes. Anyone caught riding an e-scooter without a driving licence or permit could face a Dh200 fine. Here is a full list of the fines:
- Failing to use to specific routes – Dh200
- Riding on roads with a speed limit above 60kph – Dh300
- Reckless riding that poses danger to others' lives – Dh300
- Riding or parking e-scooter on paths designated for walking or jogging – Dh200
- Using an e-scooter without a permit – Dh200
- Failing to wear protective gear – Dh200
- Failing to commit to speed limits specified by the authority – Dh100
- Taking passengers – Dh300
- Failing to adhere to safety requirements – Dh200
- Riding a scooter that does not meet technical requirements – Dh300
- Parking in undesignated areas or in a manner that may block traffic or pose risk – Dh200
- Ignoring instructions on road signs – Dh200
- If rider is below 12 and without the supervision of an adult aged 18 and above – Dh200
- Failing to dismount on pedestrian crossings – Dh200
- Failing to report an accident that caused injuries or damages – Dh300
- Using the left lane and unsafe lane changing – Dh200
- Riding against traffic – Dh200
- Obstructing traffic on the route – Dh300
- Dragging objects using the e-scooter – Dh300
- Training facility failing to get a permit from the authority to provide group training – Dh200 (for each trainee)
- Conducting individual training – Dh200
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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.
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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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