Dubai Municipality has built 70 new parks and playgrounds in residential areas. Courtesy: Wam
Dubai Municipality has built 70 new parks and playgrounds in residential areas. Courtesy: Wam
Dubai Municipality has built 70 new parks and playgrounds in residential areas. Courtesy: Wam
Dubai Municipality has built 70 new parks and playgrounds in residential areas. Courtesy: Wam

Dubai builds 70 new parks and play areas in 2020


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Dozens of neighbourhood parks and play areas have been built in Dubai so far this year as part of a major recreation drive in the emirate.

Dubai Municipality has completed 70 amenities in residential areas, increasing its number of parks and playgrounds to 185.

Authority chiefs said the move was central to a wider vision to improve the happiness and well-being of residents.

The new recreation and play areas were built under the directives of Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai.

"We are inspired by our leadership’s keenness to ensure the happiness and welfare of all segments of society,"  said Dawoud Al Hajri, director general of Dubai Muncipality.

"We maintain a strong feedback loop with the community and welcome the recommendations of neighbourhood residents.

"Dubai Municipality places a high priority on meeting the requirements of senior citizens, people of determination, children and various other segments of the society as part of achieving a comprehensive and integrated development of residential neighbourhoods and playgrounds."

Since its formation, Dubai Municipality has built five major parks in Dubai - Mamzar Beach Park, Creek Park, Mushrif Park, Zabeel Park and Safa Park - in addition to five pond parks in Al Barsha, Al Quoz, Al Nahda, Al Qusais and Al Khawaneej.

Public parks across Dubai were given the green light to gradually reopen in May after closing because of the Covid-19 outbreak.

Children's play areas within parks were allowed to reopen in June.

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Sunday March 6, Oman v Namibia, ICC Academy

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Wednesday March 9, UAE v Oman, ICC Academy

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If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

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Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.