The construction site for a communications mast being built at the Cedre Villa community in the Dubai Silicon Oasis.
The construction site for a communications mast being built at the Cedre Villa community in the Dubai Silicon Oasis.

Fears over mobile phone mast metres from homes prompts petition



DUBAI // Residents of a villa community on the outskirts of Dubai have petitioned against a mobile phone mast that is being built just metres from their homes. Foundations for an Etisalat transmission tower are being laid over what was once a small children's park in the Cedre Villa community of the Government-owned Dubai Silicon Oasis.

Concerned that it will be an eyesore and a potential health hazard, 99 local residents sent a petition to the Dubai Silicon Oasis Authority (DSOA), which oversees the free zone. They demanded a halt to the project, warning that otherwise many of them will not renew their leases. The petition claims the mast "will be very dangerous to the health of everybody", adding that it "is clear to everybody that this kind of antenna can be responsible for cancer, especially [in] children".

Some studies have shown that people living near mobile phone masts suffer ailments including nausea, loss of appetite and a greater tendency to depression. Dr Aladdin Maarraoui, an oncologist at Mafraq Hospital, said little is known about the health effects of mobile phone towers. The World Health Organisation said more research is needed. The DSOA said municipality inspectors had ruled that the tower was 250 metres from the main children's playground at Cedre Villas. However, several villas are much closer. "This thing will be about 15 metres across from the driveway," said an American resident.

"The kids have been playing in the park for the past few months. Put the thing outside the development. Don't put it in the park, right smack bang in the middle of everything." The man, a pilot for Emirates Airline, said he would move his family back to the United States if the tower was erected. "I have a 10-year-old and a seven-year-old. I'm not willing to risk a disease because of this thing. "My wife is going to take them back home, and I'm going to follow. The airline industry is turning around in the States, and I'll just apply for a job there."

Chrissie Surin, 41, a British primary school teacher who lives in an adjacent villa, said: "It's only about 20 metres away from where I park the car." She said construction on the tower began as soon as most of the residents in the area had paid their landscaping fees - typically around Dh10,000 per villa. "They've waited for every house to do their gardens and everything, and then they do this. My husband has asked for us to be moved to another location and for them [Dubai Silicon Oasis] to reimburse us our landscaping as well." She said that the DSOA had not responded to their request, made in late April.

Asked to clarify its position about the location of the tower, an official at the DSOA did not comment further. Residents accused the authority of ignoring their concerns. This month, slogans protesting against the tower were spray-painted on the white construction barriers around the site. One addressed to Dubai Silicon Oasis read: "DSO! Please don't give away our park for a harmful cell phone tower." It was painted over by construction workers the following day.

Another Emirates pilot from the US said the petitioners had attempted to contact the Telecommunications Regulatory Authority (TRA) and Etisalat about their concerns. The names of both entities, as well as the Government of Dubai, are listed on construction documents at the building site. He said a TRA official "told us that this would never be allowed outside in any of the public areas of Dubai where the TRA is giving authorisation for these towers to be built".

He added: "But because we are in a free zone, he told us it doesn't really fall under their jurisdiction because it's owned by Silicon Oasis." TRA officials did not respond to inquiries. Ahmed bin Ali, an Etisalat spokesman, said: "Whatever we build, if it's a base station, we have to get the necessary approvals, including from the TRA." hnaylor@thenational.ae

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The Penguin

Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz

Creator: Lauren LeFranc

Rating: 4/5

The specs: 2019 Mini Cooper

Price, base: Dh141,740 (three-door) / Dh165,900 (five-door)
Engine: 1.5-litre four-cylinder (Cooper) / 2.0-litre four-cylinder (Cooper S)
Power: 136hp @ 4,500rpm (Cooper) / 192hp @ 5,000rpm (Cooper S)
Torque: 220Nm @ 1,480rpm (Cooper) / 280Nm @ 1,350rpm (Cooper S)
Transmission: Seven-speed automatic
Fuel consumption, combined: 4.8L to 5.4L / 100km

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

SPECS
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Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
TOURNAMENT INFO

Women’s World Twenty20 Qualifier

Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November

UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi

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The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

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The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

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Company Profile:

Name: The Protein Bakeshop

Date of start: 2013

Founders: Rashi Chowdhary and Saad Umerani

Based: Dubai

Size, number of employees: 12

Funding/investors:  $400,000 (2018)