Windows in a few buildings in the capital lack safety locks to protect against children falling. Ravindranath K / The National
Windows in a few buildings in the capital lack safety locks to protect against children falling. Ravindranath K / The National

Tenants have mixed view about child safety locks on windows



ABU DHABI // Tenants whose homes comply with a recent law on child-safety locks believe the responsibility for children’s safety falls on parents, and not the government or property managers.

The legislation, introduced in 2012, meant Abu Dhabi required landlords of residential buildings to instal safety devices, such as locks, on windows less than 1.5 metres above the floor and capable of being opened more than 10 centimetres.

Some locks, however, are easily disabled to allow windows to be fully opened. But for those who live in newer buildings with windows designed specifically to comply with the law, getting some fresh air is a bit more difficult.

T A, 25, who lives in a building with childproof locks on the windows, said that while the law erred on the side of caution, it was to the detriment of those without children.

“I support the initiative from a safety perspective, only if there are children living in the household,” said T A. “As for everyone else, I don’t think it’s a necessary precaution.”

The American said the law took away the pleasure of having an open window, and as a tenant she was not getting what she initially agreed to.

The safety decision, she said, should be up to the people occupying the property, and not imposed on those without any need for it.

“I hate how we can’t open windows,” T A said. “If I want to have a smoke, or if the weather’s nice and I want a breeze, I should be able to have that in my own home.

“If we adopt the logic that windows are unsafe, then does that mean that we should also ban balconies and terraces unless they’re caged?”

Abu Dhabi Commercial Properties has implemented a child-safety programme by installing fall-prevention devices on residential windows and balcony doors.

ADCP said this week that it had installed 129,380 safety locks in almost 1,000 residences as part of its programme.

For those with children, however, the safety locks serve as another tool they can use to keep their children safe.

“It’s not that these child-safety windows prevent the children from getting out of the window, but it’s up to the parents to take care of the children. Sure, it makes it less likely that they will crawl out, but this can happen anywhere and to any child,” said M A, an Indian national and father of two.

His neighbour, S S, a mother of two, said that the effectiveness of the child-safety lock was not so much in the design but in the idea.

“I use the child-safety lock to tell my children that if they unlock it an alarm will go off, so it deters them from being naughty in that way. As for the actual act, we as parents are the ones responsible for the safety of the children,” she said.

By the end of the year, ADCP expects to instal more than 260,000 window-safety devices. It is asking residents to allow engineers access to their homes to make them safer for children, said Abdulla Al Suwaidi, managing director of ADCP and Abu Dhabi Commercial Engineering Services.

The initiative is part of ADCP’s efforts to curtail incidents of children falling from windows or balconies. Local authorities have said they aim to place posters in towers warning families about the dangers of children having access to windows.

ADCP announced it would instal devices after a nine-year-old Syrian girl fell to her death from an eighth-floor apartment on Hamdan Street in March.

nalwasmi@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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Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

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The two finalists advance to the Asia qualifier in Malaysia in August

 

Group A

Bahrain, Maldives, Oman, Qatar

Group B

UAE, Iran, Kuwait, Saudi Arabia

 

UAE group fixtures

Sunday Feb 23, 9.30am, v Iran

Monday Feb 25, 1pm, v Kuwait

Tuesday Feb 26, 9.30am, v Saudi

 

UAE squad

Ahmed Raza, Rohan Mustafa, Alishan Sharafu, Ansh Tandon, Vriitya Aravind, Junaid Siddique, Waheed Ahmed, Karthik Meiyappan, Basil Hameed, Mohammed Usman, Mohammed Ayaz, Zahoor Khan, Chirag Suri, Sultan Ahmed

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World Cup 2022 qualifier

UAE v Indonesia, Thursday, 8pm

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For tickets for the two-day Maharlika Pilipinas Basketball League (MPBL) event, entitled Dubai Invasion 2019, on September 27 and 28 go to www.meraticket.com.

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Scores in brief:

  • New Medical Centre 129-5 in 17 overs bt Zayed Cricket Academy 125-6 in 20 overs.
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  • Alubond Tigers 138-7 in 20 overs bt United Bank Limited 132-7 in 20 overs
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