DUBAI // Managements of shopping malls are exploring how to prevent their car parks becoming park-and-ride facilities for Dubai Metro passengers once the train line opens. The first phase of the Metro, the Red Line, will open on Sept 9 and run 52km past several of the city's most prominent malls along Sheikh Zayed Road and Bur Dubai.
Many residents have said they may drive to malls to park their cars before taking Dubai's Dh15.5 billion (US$4.2bn) driverless train network. Mall of the Emirates will have an air-conditioned walkway direct to its station and management are already looking at ways to deter motorists from simply coming to the mall to park. "The majority of people spend about three hours in the mall, and we care for the majority of people and don't want our car park to be used as a park-and-ride," said Fuad Sharaf, the mall's vice president.
"At the end of the day the mall is made for the shoppers. It is about managing the parking in a proper way. I will not say it is a paid parking system, because our intention is not to make money out of parking." The mall is adding 750 car park spaces to its current 6,300. By the end of the year, 200 spaces will have been added, with the rest coming next year. Deira City Centre, which is run by the Majid al Futtaim Group, which also operates Mall of the Emirates, is expecting an increase of foot traffic after the Metro launches. Officials there said that the mall was considering "various options" to manage parking, but that nothing had been decided.
Management at the Burjuman has already created a pre-emptive plan to keep parking free for its customers. Last year, the mall introduced paid parking except on Fridays and public holidays. It is also free for customers who spend more than Dh100 at the mall. "Especially where we are, the Burjuman will be the one of the biggest stations, with both lines crossing eventually, and we almost anticipate this is going to be the Piccadilly Circus of Dubai," said Bruce Von Kaufmann, operations manager of Burjuman and Reef Mall.
Parking at the Burjuman costs Dh10 per hour and is free between 12:30 and 2:30pm, and after 6pm. "We will let the Metro open, gauge the impact and then make the necessary adjustments if any adjustments are required," Mr Von Kaufmann said. Ibn Battuta Mall also has an adjacent station. David Thurling, managing director of Nakheel Retail Shopping Malls, said: "Parking at the mall will continue to be managed in such a way as to ensure that all shoppers and visitors are provided with convenient and accessible car parking facilities. We are also looking at ways in which to best accommodate the needs of Metro patrons who may wish to utilise the mall's parking facilities."
Paul Murnaghan, 39, is from the US and lives in Al Barsha. He works as an engineer in the Burjuman Business Centre, and said he would use the Mall of the Emirates car park. "I am about a 10-minute drive from Mall of the Emirates, and the Metro stops right at my office," Mr Murnaghan said. "If I was to take a bus, like any other city, it would take a lot longer than driving to the station. I am really looking forward to getting the Metro to work, but if it means driving instead of taking a bus to the station, I'll do it."
The Roads and Transport Authority (RTA) plans to put 778 more buses on the roads for 41 new routes, all feeding the Red Line's 29 stations. The Jumeirah Islands station, between Ibn Battuta Mall and the Marina station, will have free parking for 2,000 vehicles. The RTA is also building a car park at Al Rashidiya station that will fit 2,700 cars; the Al Qusais station will have facilities for 3,000 cars.
eharnan@thenational.ae
Recipe: Spirulina Coconut Brothie
Ingredients
1 tbsp Spirulina powder
1 banana
1 cup unsweetened coconut milk (full fat preferable)
1 tbsp fresh turmeric or turmeric powder
½ cup fresh spinach leaves
½ cup vegan broth
2 crushed ice cubes (optional)
Method
Blend all the ingredients together on high in a high-speed blender until smooth and creamy.
COMPANY%20PROFILE
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How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
MATCH INFO
Champions League quarter-final, first leg
Ajax v Juventus, Wednesday, 11pm (UAE)
Match on BeIN Sports
Tributes from the UAE's personal finance community
• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style
“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.
Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term.
From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”
• Sam Instone, director of financial advisory firm AES International
"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed. Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."
• Demos Kyprianou, a board member of SimplyFI.org
"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."
• Steve Cronin, founder of DeadSimpleSaving.com
"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.
His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.
Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."
• Zach Holz, who blogs about financial independence at The Happiest Teacher
"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen. He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”
• Tuan Phan, a board member of SimplyFI.org
"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."
Indika
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EMERGENCY PHONE NUMBERS
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