DUBAI // It was always going to be a recipe for a good party: wildly decorated cars, vuvuzelas and hundreds upon hundreds of cans of silly string.
Young Emiratis descended upon Jumeirah Beach Road in their thousands last night, wearing Afro wigs in the UAE’s colours, madly waving flags from open sun roofs, or standing on the curb covering every passing vehicle in fake snow.
“Every car needs to have string or snow,” said Abdullah Al Hamid, 16, from the UAE, who was standing outside a petrol station with a group of friends armed with spray cans and super soakers.
“If they don’t have string it means they’re not happy.”
The street was covered in confetti as revellers sat on roofs, and bonnets of cars, as the sound of Khaleeji music and car horns filled the air.
The highlight of the evening was a huge fireworks show at the Burj Al Arab. The show, which started shortly after 8.30pm with a colourful aerobatics display, involved fireworks shooting from the side of the luxury hotel.
On several occasions the sky was painted with red, white and green fireworks, while a sophisticated light show transformed the hotel into a moving canvas.
“It’s beautiful,” said Mona Al Khatib, 23, an Emirati student from Sharjah. “It’s the perfect end to wonderful National Day celebrations.”
Sanjay Kapoor, 37 from India, was at the beach with his family. “We knew the traffic was going to be very busy tonight, but we thought it was worth it to see such a spectacle,” he said.
“The children love fireworks and the best fireworks are always on National Day. We have been living here for 13 years now, and it is like a second home.
“We wanted to celebrate this important day with the rest of the country.”
The fireworks went on for roughly half an hour, and were followed by cheering and clapping from the hundreds who gathered on the beach.
While National Day celebrations were relatively subdued on the streets during the daytime, even in hot spots like Jumeirah Beach Road, by about 7pm the roads were gridlocked as hundreds of bedecked cars hooted their horns and passengers blew vuvuzelas through open sunroofs or car windows.
Kristy Jacobs, 52 from the UK, was staying at the Madinat with her husband and had come to take pictures on the streets.
“It’s like the jubilee, or something,” she said. “I’ve never seen so many people making so much noise just because they want to be patriotic.”
Omar Al Balooshi, 33, an Emirati from Al Barsha, was driving a Toyota Corolla that was covered entirely with bright UAE flags and pictures of Sheikh Zayed. On the side were love hearts.
He said the car is an old one, which he keeps in a garage most of the year and brings out only for National Day.
“It would be too much to clean the car every year and redecorate it again,” he said. “It’s an old car, so I save it just for National Day.
“The police would stop me if I drove it every day. I don’t want to paint it again, because I like the design.”
In Mercato Mall, on Jumeirah Beach Road, dozens of Emirati families visited a display of culture that involved weaving bamboo sculptures and traditional female singing.
Ahmed Khaliq, from Jumeirah, was visiting the mall with his wife and two children. His son, Mohammed, was wearing a kandura that had 42 sewn into the top-left breast pocket, and his daughter was wearing a colourful dress with a huge Sheikh Khalifa mural as an oversized belt buckle.
“My children wanted to celebrate National Day, so my wife has been helping them with their clothes for the past week,” he said. “They have been very excited for a few months.
“This is a very special day for Emiratis, where we celebrate 42 years of our country’s history. It’s the biggest day of the year.”
On the Walk, at Jumeirah Beach Residences, a steady stream of cars drove past, becoming increasingly elaborate in their decoration as the day wore on. Dozens of tourists stopped to take pictures of the cars.
“It’s very different from how we celebrate our national day,” said Gerard Courant, 36, from France, who was on holiday with his wife and three children.
“I didn’t know it was any special occasion when we booked flights, but I’m glad we saw this. We came to Dubai to see something different, and this is certainly something different.”
Li Heping, a 42-year-old Chinese tourist, was taking pictures with his family of a group of Emiratis hanging out of the sun roof waving flags.
“It’s very funny,” he said. “I don’t know what they are celebrating, but they look very happy.”
A highlight of the afternoon at the Walk was when the Red Arrows, the British aerobatic display team from the Royal Air Force, gave a special National Day performance at the Skydive Dubai, near the Marina.
“It’s very impressive,” said Abdul Kareem, 21, from the UAE. “They keep looking like they are going to crash.
“Its a wonderful thing to have on our National Day.”
mcroucher@thenational.ae
Company profile
Name: Dukkantek
Started: January 2021
Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani
Based: UAE
Number of employees: 140
Sector: B2B Vertical SaaS(software as a service)
Investment: $5.2 million
Funding stage: Seed round
Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
COMPANY%20PROFILE
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The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Sarfira
Director: Sudha Kongara Prasad
Starring: Akshay Kumar, Radhika Madan, Paresh Rawal
Rating: 2/5
'Munich: The Edge of War'
Director: Christian Schwochow
Starring: George MacKay, Jannis Niewohner, Jeremy Irons
Rating: 3/5
UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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.”