Venu Rajamony, India's consul-general in Dubai, right, and other officials visit the Naif area where 11 men died in a villa fire.
Venu Rajamony, India's consul-general in Dubai, right, and other officials visit the Naif area where 11 men died in a villa fire.
Venu Rajamony, India's consul-general in Dubai, right, and other officials visit the Naif area where 11 men died in a villa fire.
Venu Rajamony, India's consul-general in Dubai, right, and other officials visit the Naif area where 11 men died in a villa fire.

Villa residents sift through fire wreckage


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DUBAI // Hundreds of former residents of the fire-gutted Naif villa, in which 11 men died and dozens were injured on Tuesday, gathered yesterday to pick through the charred wreckage of their home in an attempt to salvage what was left of their belongings. The men, mostly from India and Bangladesh, returned to find a scene of devastation in the aftermath of one the worst fires in Dubai history. They were met by relief workers at the scene to offer practical assistance and to help them come to terms with the tragedy. The devastated villa was cordoned off for a second day as Dubai police and Civil Defence continued their investigations.

Venu Rajamony, the India's consul-general in Dubai, was among those on hand to offer help to the displaced workers, some of whom had been injured and most of whom had lost all their possessions. Mr Rajamony said the villa, where it is thought as many as 500 labourers may have been staying, was "inhumane and unfit for living", and expressed shock that so many people had been staying under one roof.

"Many of the people living in the villa were illegal workers and the consulate has urged them to return home," said Mr Rajamony. Consular officials have arranged temporary accommodation and relief for their countrymen. Families of the dead men in India have been informed and the bodies will be repatriated once the police investigation concludes and formal identification has been carried out. The consulate will help with expenses to return bodies in cases where families face financial hardship.

"We have 42 workers who are now housed in a labour accommodation in Al Quoz," said Mr Rajamony. "We are giving them food, medication and some money for the time being. This is temporary accommodation and we are working out some other relief for them." He appealed to the UAE Government and charity groups to come forward to offer help to the victims. The Indian consulate has been working with police to gather information about the people who were living in the villa. "We have a list of the people who have died," said Mr Rajamony. "We understand that there were 10 Indians and one Bangladeshi, whose bodies have been found."

Fourteen others, he said, had suffered minor injuries. The 10 Indians who lost their lives in the fire were from Metpalli Taluka in the Karim Nagar district of Andhra Pradesh, the largest state in southern India. Mr Rajamony said whoever housed people in such overcrowded conditions should be held responsible for the tragedy. "It is inhumane to house people like this and action should be taken against the middlemen and owner," he said.

Residents of the villa said yesterday that they had been offered spaces by agents who had added more and more beds to the property. "They just kept building more partitions and more rooms to fit in more people," said one. "We did not say anything because we were scared that they would throw us out." Mr Rajamony urged Indians not to live illegally in Dubai, and insisted that it was the responsibility of employers to accommodate workers properly. "Employers must take responsibility for the housing of their workers," he said. "All employees have to be provided with good living conditions."

Relatives of those who died in the fire are now facing the harrowing ordeal of identifying the dead, many of whom were burnt beyond recognition. Kokku Tukanna, 45, a construction worker who lives in Al Quoz, left the scene of the fire yesterday to travel to the mortuary at the Dubai Police headquarters in Al Qusais where most of the bodies had been taken. He feared his son, Sanjeev, may have died in the fire.

"He was living in the villa and people there say he died," said the distraught father. "I have seen some bodies this morning, but I am not able to identify him." Mr Tukanna, from the Karim Nagar district, said he was shattered that all his dreams for his son had come to an end. Last night, the Indian Consulate issued the following list of Indian nationals who died in the fire: Gilli Bakanna, Kuku Sanjeev, Talari Gangadhar, Mr Devarajanna, Chinnayya Talari, Talari Sudharshan, Talari Raju, Mr Gangaram (Pachnnarkuda), Mr Gangaram, Mr Gangadhar.

The Bangladeshi victim has yet to be named. pmenon@thenational.ae

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)

Our Time Has Come
Alyssa Ayres, Oxford University Press

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

Trippier bio

Date of birth September 19, 1990

Place of birth Bury, United Kingdom

Age 26

Height 1.74 metres

Nationality England

Position Right-back

Foot Right

While you're here
If you go

The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.

The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.

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.”

MATCH INFO

Uefa Champions League semi-final, second leg result:

Ajax 2-3 Tottenham

Tottenham advance on away goals rule after tie ends 3-3 on aggregate

Final: June 1, Madrid

Brief scores:

Day 1

Toss: India, chose to bat

India (1st innings): 215-2 (89 ov)

Agarwal 76, Pujara 68 not out; Cummins 2-40

New Zealand 21 British & Irish Lions 24

New Zealand
Penalties: Barrett (7)

British & Irish Lions
Tries: Faletau, Murray
Penalties: Farrell (4)
Conversions: Farrell 
 

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Essentials

The flights
Etihad and Emirates fly direct from the UAE to Delhi from about Dh950 return including taxes.
The hotels
Double rooms at Tijara Fort-Palace cost from 6,670 rupees (Dh377), including breakfast.
Doubles at Fort Bishangarh cost from 29,030 rupees (Dh1,641), including breakfast. Doubles at Narendra Bhawan cost from 15,360 rupees (Dh869). Doubles at Chanoud Garh cost from 19,840 rupees (Dh1,122), full board. Doubles at Fort Begu cost from 10,000 rupees (Dh565), including breakfast.
The tours 
Amar Grover travelled with Wild Frontiers. A tailor-made, nine-day itinerary via New Delhi, with one night in Tijara and two nights in each of the remaining properties, including car/driver, costs from £1,445 (Dh6,968) per person.