• A few diners sitting at a restaurant on Al Rigga Street at Maghreb time. Reem Mohammed / The National
    A few diners sitting at a restaurant on Al Rigga Street at Maghreb time. Reem Mohammed / The National
  • Binyamin, an artist, draws portraits on Al Rigga Street. Reem Mohammed / The National
    Binyamin, an artist, draws portraits on Al Rigga Street. Reem Mohammed / The National
  • Al Rigga is slowly returning to normalcy. The neighbourhood was a bustling and popular area in old Dubai before the coronavirus outbreak. Reem Mohammed / The National
    Al Rigga is slowly returning to normalcy. The neighbourhood was a bustling and popular area in old Dubai before the coronavirus outbreak. Reem Mohammed / The National
  • Binyamin, an artist, draws portraits on Al Rigga Street. Reem Mohammed / The National
    Binyamin, an artist, draws portraits on Al Rigga Street. Reem Mohammed / The National
  • Some residents step out of their homes in the evening. Reem Mohammed / The National
    Some residents step out of their homes in the evening. Reem Mohammed / The National
  • A men’s salon on Al Rigga Street is open for business.​​​​​​ Reem Mohammed / The National
    A men’s salon on Al Rigga Street is open for business.​​​​​​ Reem Mohammed / The National

Coronavirus: life returns to Dubai's Rigga Street as restrictions ease


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One night in late January, news broke of the first coronavirus case in the UAE.

Inside Al Safadi Restaurant on Rigga Street, patrons continued to smoke their shisha pipes and share platters of grilled meats.

When patrons stepped outside, Rigga Street was transformed. Within two hours of the news, everyone wore a face mask and the street’s relaxed atmosphere turned sombre.

In late March, the boulevard known for its street life and restaurants, in the older part of Dubai, grew dark as a four-week lockdown started and businesses closed.

But the lifting of movement restrictions, unseasonable cool weather and Ramadan iftars have brought people back to the boulevard’s famed restaurants and cafes.

In the evening, people gather on benches in small groups to sip tea and chat under leafy trees.

On Tuesday night, a street artist gathered onlookers as he sketched portraits. Near by, a young girl played the wooden flute.

Life had returned to Rigga Street.

Saeed El Orabi, 38, breaks his fast on Al Rigga Street. Reem Mohammed / The National
Saeed El Orabi, 38, breaks his fast on Al Rigga Street. Reem Mohammed / The National

Saeed El Orabi and his cousin Mustafa sat down at a busy restaurant on Tuesday night to share an iftar of stewed potatoes, molokhia and chilled hibiscus juice.

Mr El Orabi returned home to Rigga Street a few days earlier after a month’s duty as a security guard at a field hospital on the outskirts of Abu Dhabi.

To celebrate, he invited his cousin to Rigga Street.

“We took a chance because of this amazing weather,” said Mr El Orabi, 38. “And we cannot cook. I only know how to cook tea.”

He has taken a 30 per cent pay cut because of the pandemic and three of his cousins went home to Egypt in late March on the last flight out.

Mr El Orabi has not considered leaving the UAE because the pandemic’s consequences are global.

“It’s around the world, not only here,” he said.

Tens of thousands of residents have gone home after losing work.

Dark shopfronts punctuate Rigga Street’s bright lights – florists, travel agencies, shisha cafes, small hotels and nightclubs that may never reopen.

Others are open, waiting for customers who never appear.

“There is no business all day,” said Akshay Korwani, 24, a clerk at Mega Star Jewellers.

“We call customers and tell them about offers. They’re not even interested. They don’t even have a salary right now.”

  • Syrian Muslims wearing face masks listen to the Friday prayer sermon at the Umayyad Mosque in Damascus, following the authorities' decision to allow prayers on Fridays in disinfected mosques with strict social distancing and protection measures to limit the spread of the coronavirus COVID-19 pandemic. President Bashar al-Assad warned earlier this month of a "catastrophe" in war-battered Syria if the easing of lockdown measures against coronavirus is mishandled. AFP
    Syrian Muslims wearing face masks listen to the Friday prayer sermon at the Umayyad Mosque in Damascus, following the authorities' decision to allow prayers on Fridays in disinfected mosques with strict social distancing and protection measures to limit the spread of the coronavirus COVID-19 pandemic. President Bashar al-Assad warned earlier this month of a "catastrophe" in war-battered Syria if the easing of lockdown measures against coronavirus is mishandled. AFP
  • Shi'ite Muslims visit the Imam Ali shrine during the holy month of Ramadan, following the outbreak of the coronavirus disease (COVID-19), in the holy city of Najaf, Iraq. REUTERS
    Shi'ite Muslims visit the Imam Ali shrine during the holy month of Ramadan, following the outbreak of the coronavirus disease (COVID-19), in the holy city of Najaf, Iraq. REUTERS
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    People observe social distancing on a metro carriage in Istanbul, a few hours before the weekend lockdown because of the coronavirus. Teenagers were able to leave their homes for the first time in 42 days on Friday, as their turn came for a few hours of respite from Turkey's coronavirus lockdowns. Turkey has subjected people aged 65 and over and those younger than 20, to a curfew for the past several weeks. AP Photo
  • People walk on Istiklal street, the main shopping street in Istanbul, a few hours before the weekend lockdown due to the coronavirus. Teenagers were able to leave their homes for the first time in 42 days on Friday, as their turn came for a few hours of respite from Turkey's coronavirus lockdowns. Turkey has subjected people aged 65 and over and those younger than 20, to a curfew for the past several weeks. AP Photo
    People walk on Istiklal street, the main shopping street in Istanbul, a few hours before the weekend lockdown due to the coronavirus. Teenagers were able to leave their homes for the first time in 42 days on Friday, as their turn came for a few hours of respite from Turkey's coronavirus lockdowns. Turkey has subjected people aged 65 and over and those younger than 20, to a curfew for the past several weeks. AP Photo
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    A fighter loyal to Yemen's Huthi rebels acting as security, looks on while wearing a face mask and latex gloves and slinging a Kalashnikov assault rifle as volunteers part of a community-led initiative to prevent the spread of COVID-19 coronavirus disease gather in Yemen's capital Sanaa. AFP
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    Algerian Food Bank volunteers, wearing face masks due to the COVID-19 coronavirus pandemic, prepare packages of food aid as part of the "SOLIRAM" solidarity campaign to assist families in need during the Muslim holy month of Ramadan, at the "20 August" (20 Aout 1955) Stadium in the capital Algiers. AFP
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    A Palestinian refugee elderly woman, who witnessed the 1948 Nakba, looks out of her house's entrance door at Al-Shati refugee camp in Gaza City, as Palestinians marked the 72nd anniversary of "Nakba" (Day of Catastrophe) inside their homes due to the COVID-19 coronavirus pandemic. The "Nakba" commemorates the mass displacement of more than 700,000 Palestinians who fled or were expelled from their homes in the 1948 war surrounding Israel's creation. AFP
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    A sign reminds customers to stay at a safe distance from each other at a bakery in the nearly deserted Hayat mall in the Saudi capital Riyadh, after the lockdown measures due to the novel coronavirus were partially eased by the authorities. AFP
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    People gather to buy hot sugar drenched 'bomboloni' donut, in the village of Sidi Bou Said near Tunis, Tunisia. After four days in Tunisia without COVID-19 infections, the Tunisian government has decided to ease the curfew from 11 pm to five am. This decision prompted people to leave their homes after breaking their fast. This is the case here in Sidi Bou Saïd, the Tunisians took advantage of the open donut shops to taste this typical pastry from the city. EPA
  • Several people show their passports at the Beni-Enzar border crossing in Melilla, Spain. Some 200 Moroccans have been able to return to their country this Friday after being trapped in Melilla for two months by the border closure that the Alawite authorities decreed on March 13 as a result of the coronavirus health crisis. EPA
    Several people show their passports at the Beni-Enzar border crossing in Melilla, Spain. Some 200 Moroccans have been able to return to their country this Friday after being trapped in Melilla for two months by the border closure that the Alawite authorities decreed on March 13 as a result of the coronavirus health crisis. EPA

At the entrance of Rigga Street, the gates of the Port Saeed mosque remain shut.

During Ramadan, the mosque usually fills with 1,700 worshippers and hundreds more spill on to the surrounding streets to break their fast and pray together at sunset.

This year, the call to prayer commands worshippers to stay home.

“We pray in our homes and, praise to God, the rewards will be the same,” said Mohammed Al Hasan, 27, son of the mosque’s imam.

“Allah is testing us right now and the whole Earth is a place for prayer.”

On Tuesday evening, Mr Al Hasan stood beside his father at the mosque’s mihrab as his father made a call to prayer that reverberated through the empty hall.

They broke their fast with water and dates at the back of the vacant mosque.

Mr Al Hasan is also an imam, at a nearby mosque, and a chemical engineer.

These days, he counsels members of his congregation over WhatsApp and performs prayers with his family of five in their home behind the mosque.

They considers it a moral obligation to stay home.

It is a busier scene down the road outside the Diva Gents Saloon, where half a dozen barbers wait for customers.

Business is down 70 per cent. Few people have the disposable income for a haircut.

“Their wives are doing it,” says Ammar Abdul Qadr, 32, a Syrian barber. “They’re watching programmes on YouTube.”

Mr Abdul Qadr was reluctant to return to work. His wife, children and father live in Umm Al Quwain and he has stopped visiting them to keep them safe. He stays with four Syrian colleagues on Rigga Street.

The barbershop chairs were empty but clients will return, Mr Abdul Qadr said.

“They’ll come back because people miss socialising," he said.

"A barber is a friend and they’ll come to say hello and socialising will bring them back. They love kinship and need friendship.”

His colleague, Ali Talib, nodded: “You’ll come back here one day and you’ll feel the atmosphere of Rigga again.”

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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How to vote

Canadians living in the UAE can register to vote online and be added to the International Register of Electors.

They'll then be sent a special ballot voting kit by mail either to their address, the Consulate General of Canada to the UAE in Dubai or The Embassy of Canada in Abu Dhabi

Registered voters mark the ballot with their choice and must send it back by 6pm Eastern time on October 21 (2am next Friday) 

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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