The removal of signposts near Dubai Offshore Sailing Club has left beachgoers confused. Antonie Robertson / The National
The removal of signposts near Dubai Offshore Sailing Club has left beachgoers confused. Antonie Robertson / The National
The removal of signposts near Dubai Offshore Sailing Club has left beachgoers confused. Antonie Robertson / The National
The removal of signposts near Dubai Offshore Sailing Club has left beachgoers confused. Antonie Robertson / The National

Family-only signs removed from Dubai beach


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DUBAI // Signs marking off a stretch of beach for families only have been removed without explanation only a week after they were put up, much to the confusion of tourists and residents.
The pink signs, put up by Dubai Municipality, declared that two strips of public beach either side of the Dubai Offshore Sailing Club were reserved for families. Rules also stated that anyone visiting these areas should be dressed modestly; women were requested to be fully covered and single men were banned. The new areas were warmly welcomed by beach lovers who appreciated having an area of sand away from the crowds of sunbathers on the popular Kite Beach in Jumeirah. The decision to take down the signs came as a shock.
Fatima Harrouli said she walked up and down almost the entire beach looking for the family-only sections.
"I walked six kilometres to try and find the beaches," said the French tourist. "I asked security, but nobody knows anything."
One of the resident said having an area away from women and men wearing beachwear was important for conservative families.
"It's important for us to protect our family, our children, our religion, to have spaces without nudity," said Ms di Marco, who is originally from Belgium and a convert to Islam.
"I would like to know why this is closed and am looking to write an email to the municipality to understand why I cannot find these public beaches."
Until the signs were removed, this stretch of public beach was the first in the emirate to have such rules. Al Mamzar Beach Park has women-only days on Sundays and Tuesdays. Visitors, however, must pay an entry fee to access the beach.
Shareen Nahid said friends of hers had been to the beach looking for the new family areas but were disappointed.
"People I know went but the board had been taken out and the beach space was nowhere to be found," she said.
In contrast, others said family-only areas were not necessary.
"Dubai is unique to have this diversity so I don't feel the need for us to separate," said Abeer Hamida, from Sudan.
"I don't mind covering on the beach where there are people in bikinis."
Maryam bint Mohammed, Emirati mother of two, also felt there was no great need for a segregated beach.
"It's nice to have areas for families, as some people do prefer it and feel more comfortable there, but when we travel to places like Europe, we cannot ask people to be covered or to have separate areas."
mswan@thenational.ae

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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.”

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