ABU DHABI // A large signboard outside three villas in the Muroor area of the capital declares that Al Dhafra Private School has moved.
Behind that simple message is the latest stage in the mass migration of up to 40,000 children from unsafe, unhealthy and unsuitable "villa schools" in Abu Dhabi city to purpose-built campuses and a better learning environment.
Last year, education chiefs gave more than 50 schools in converted villas until the 2013-2014 academic year to move or close. This year Adec ordered the closure of six villa schools in Abu Dhabi and Al Ain, and Al Dhafra was among them.
The 1,030 pupils who once crammed into three five-bedroom villas for classes will assemble in September at a sprawling 24,000-square-metre campus in Mohammed Bin Zayed City.
Few regret the move. "When you entered the villa, you were within 10 metres of 210 pupils at once," says Daniel Bokelman, the newly appointed principal of the school, as they began packing up to move last month. "Walls had to be put up to divide the rooms and even the kitchen had to be converted into a classroom."
Pupils used toilets in makeshift cabins outside the villas and there was no place for indoor recreation.
Manal Ghamrawi, a middle-school English teacher, is looking forward to the move. "Bedrooms aren't built to accommodate 30 pupils," she said. "During summer it gets stuffy and when we have to move from class to class, it would be from outdoors."
Insects and lizards in the classroom sometimes made it difficult to teach, she said.
Adec's decision to close the villa schools was made in part because of the inherent health hazards, including a lack of exits and small stairways that would hamper evacuation in case of a fire. Pickup and drop off outside schools in residential areas was also chaotic.
Dr George Nader, director general of Al Dhafra Private Schools, which follow the American and UK system, said building a dedicated campus had always been on the cards.
"Financial constraints and Adec's process to ensure schools maintain the highest standards delayed the plan a bit," he said.
"Every parent dreams of educating their children in good schools, and though we have a very good academic record and provide the maximum care to pupils, proper infrastructure adds to the school experience."
The vast majority of parents who have been sending their children to the 30-year-old school are relieved their children will no longer have to study in crammed classrooms - in one poll, 85 per cent agreed it was a good move. But many also fret about the 20 per cent fee increase and the 40-minute drive to the new campus.
Fees at the villa school were between Dh9,000 and Dh16,200, depending on the grade. Parents whose children have been moved from the villa school to the new campus will now pay Dh10,800 to Dh19,440. Parents enrolling their children for he first time will pay between Dh22,000 and Dh38,000.
For Sarah Hamze, a mother of four pupils at the school, the increased fees will be a pinch but she prefers to keep her children there.
"I think its justified by the added resources and facilities that will be offered," she said.
"The travel will be hard and I will have to use the school transport, which will be expensive. But I have seen my children progress so I have decided to keep them here."
aahmed@thenational.ae
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh132,000 (Countryman)
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
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The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Gulf Under 19s
Pools
A – Dubai College, Deira International School, Al Ain Amblers, Warriors
B – Dubai English Speaking College, Repton Royals, Jumeirah College, Gems World Academy
C – British School Al Khubairat, Abu Dhabi Harlequins, Dubai Hurricanes, Al Yasmina Academy
D – Dubai Exiles, Jumeirah English Speaking School, English College, Bahrain Colts
Recent winners
2018 – Dubai College
2017 – British School Al Khubairat
2016 – Dubai English Speaking School
2015 – Al Ain Amblers
2014 – Dubai College
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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.”
2018 ICC World Twenty20 Asian Western Regional Qualifier
The top three teams progress to the Asia Qualifier
Final: UAE beat Qatar by nine wickets
Third-place play-off: Kuwait beat Saudi Arabia by five runs
Table
1 UAE 5 5 0 10
2 Qatar 5 4 1 8
3 Saudi 5 3 2 6
4 Kuwait 5 2 3 4
5 Bahrain 5 1 4 2
6 Maldives 5 0 5 0
Bio:
Favourite Quote: Prophet Mohammad's quotes There is reward for kindness to every living thing and A good man treats women with honour
Favourite Hobby: Serving poor people
Favourite Book: The Alchemist by Paulo Coelho
Favourite food: Fish and vegetables
Favourite place to visit: London
Frida%20
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Tips for taking the metro
- set out well ahead of time
- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines
- enter the right cabin. The train may be too busy to move between carriages once you're on
- don't carry too much luggage and tuck it under a seat to make room for fellow passengers
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World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
The%20specs
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