Use it or lose it, owners of dilapidated Dubai buildings warned



DUBAI // Owners of unoccupied and abandoned buildings have been given an ultimatum to carry out urgent renovation work or have their property demolished.
Photographs of the 16 affected buildings will feature in Dubai Municipality advertisements warning of the deadline, with owners being given two weeks to respond.
If they fail to contact municipality staff in the required time the owner of the building will be forced to pay the cost of the demolition work, plus 20 per cent administration charges.
"We have given owners notice to do renovations on the building," said Jaber Ahmed Abdullah Al Ali, the head of the building inspection section at the municipality.
"They can rent it or live in it. But just don't leave it abandoned and open the door so anyone can use it.
"These abandoned buildings can be used for bad activities. Illegal people could sleep inside or it could be used to store prohibited materials."
A separate statement from the municipality said abandoned buildings were a "safe haven for anti-social elements".
There are also fears of rodent infestations or structural problems in properties that have not been lived in or used for long periods of time.
The 16 buildings are in Rashidiya, Abu Hail, Al Mizhar, Al Qusais, Al Hamriya, Al Quoz, Umm Suqeim, Ras Al Khor and Jebel Ali. Their owners can contact the municipality by ringing 800900 for further information.
The municipality has been working for the past two years to reduce the number of abandoned buildings. Last year, 72 properties were demolished across the emirate.
In addition, the authority has cut the number of unoccupied buildings from 518 to 203, although it is not clear over what time frame.
There are plans to bring the number of unoccupied buildings down to zero by the end of the year.
Police praised the initiative when it began two years ago.
"We always seek to eliminate these houses and are working closely with the municipality on the issue," said Col Jamal Al Jallaf, the deputy director general of Crime Monitoring Affairs at Dubai Police.
Mr Al Ali said inspectors watch closely the condition of buildings in the emirate. "If it is left abandoned for more than six months, we start our process," he said.
Similar campaigns have also been taken up by authorities across the country in recent years. In Sharjah, 118 buildings were demolished in 2012, a slight decrease from 122 the previous year.
Sharjah Municipality bosses said in April that notices were served "to preserve the look of the emirate" and also to stop the buildings being used as homes for illegal residents.
In 2010, 92 illegal residents were arrested after they were found living in two abandoned homes in Al Marijah and Al Shuwaiheen.
Last year the Sharjah Government announced a Dh20 million fund to provide emergency housing for Emiratis living in dilapidated homes that were marked for demolition.
In Abu Dhabi, 78 buildings were demolished across the emirate last year, including 10 commercial buildings, 33 residential villas, eight government buildings and 27 Portakabins.
mcroucher@thenational.ae

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Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
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Investment raised: $4 million 
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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.”

Children who witnessed blood bath want to help others

Aged just 11, Khulood Al Najjar’s daughter, Nora, bravely attempted to fight off Philip Spence. Her finger was injured when she put her hand in between the claw hammer and her mother’s head.

As a vital witness, she was forced to relive the ordeal by police who needed to identify the attacker and ensure he was found guilty.

Now aged 16, Nora has decided she wants to dedicate her career to helping other victims of crime.

“It was very horrible for her. She saw her mum, dying, just next to her eyes. But now she just wants to go forward,” said Khulood, speaking about how her eldest daughter was dealing with the trauma of the incident five years ago. “She is saying, 'mama, I want to be a lawyer, I want to help people achieve justice'.”

Khulood’s youngest daughter, Fatima, was seven at the time of the attack and attempted to help paramedics responding to the incident.

“Now she wants to be a maxillofacial doctor,” Khulood said. “She said to me ‘it is because a maxillofacial doctor returned your face, mama’. Now she wants to help people see themselves in the mirror again.”

Khulood’s son, Saeed, was nine in 2014 and slept through the attack. While he did not witness the trauma, this made it more difficult for him to understand what had happened. He has ambitions to become an engineer.

EA Sports FC 25
2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.