The fire took place in an area known locally as Satellite Street, which is home to some of Dubai's poorest residents.
The fire took place in an area known locally as Satellite Street, which is home to some of Dubai's poorest residents.

'We are all brothers here'



DUBAI // Hundreds of men spent hours watching in silent horror as rescue workers raked through the charred and twisted remains of the Deira villa destroyed in yesterday's fatal early-morning blaze. The men, mainly labourers, were desperate for any information about their missing colleagues, roommates and family members.

Late in the day the worst fears of many were confirmed as rescuers began pulling bodies from the building. Still they clamoured for information - passing details on to police and gathering near ambulances that arrived to transport bodies to the morgue. Others sat in the street with their hands on their heads, weeping. Police cordoned off the scene last night as the recovery work ended, but at each corner of the block dozens of men still kept their vigil. In the surrounding streets, people sat talking and speculating about the cause of the fire.

Earlier in the day neighbours had been horrified to see men jumping out of windows as the fire raged. Many of the victims emerged from the blaze choking from the smoke and with their clothes alight. Dropping to the ground they struggled desperately to extinguish their burning clothing. "I just heard the fire brigade in the morning and looked out of my window," said Anthony D'Silva, a Deira resident. "I was shocked to see the fire and immediately rushed out to help the residents of the villa."

At the scene yesterday afternoon, a large gas canister stood in what remained of a kitchen, open to the sky. Twisted wiring held together with tape still protruded from a wall. Corrugated-iron roofing, warped by the heat of the blaze, lay twisted in a stairwell. The villa housed hundreds of bachelors from countries including India, Pakistan, Afghanistan and Bangladesh. The scene was littered with belongings once used by the workers in their tiny living spaces.

"This is where I had kept my bag with all my papers and money," said one man. "There is no sign of it now." Burnt clothes, footwear, bags and radio sets littered the destroyed building and charred photographs of families and Bollywood stars hung from the doors of each room. The villa was an old Arab-style traditional home with two floors added to accommodate more people. Each room had just enough room for bunk beds, three or four beds high, and a radio or television set. Surviving workers told The National that they took turns to sleep on the beds while the others slept on the floor.

There was a small kitchen area on all the floors which the workers used to make their meals. A palm tree growing in the middle of the villa was burnt to the ground. The workers said that the tree was the only green patch in the house and that everyone was fond of it. Rescue operations that started early in the morning had continued for hours as firemen struggled to control the blaze. The firemen were called back again each time new bodies were discovered under rubble.

The rescuers could be seen negotiating their way through small congested rooms to pull out victims whose burnt bodies were trapped below layers of furniture and bricks. Charred bodies were seen lying on beds as if they had been unaware of the fire and died in their sleep. One man, Mallaya, who had had a narrow escape, said there were at least 20 people living in each room of the house. "The fire started from the lower floor so many of us who were living on the top escaped," he said.

"We feel sad for the men who died. It could have been any one of us." They had been living in such poor conditions, he said, only because they could not afford proper homes. Shankar Palep, who survived the incident with a broken hand but whose brother perished in the fire, said a wall in the villa had collapsed during the fire, claiming more victims. "The wall fell on the heads of two people who died on the spot," he said.

The neighbourhood around the villa is a busy area populated largely by workers. The street, also locally called Satellite Street, is known for the sale of television satellite equipment and other electronic products. However, tucked behind the busy main road are several old villas that are home to some of the poorest residents of the city. While some families live in the few buildings on the street, the area consists largely of bachelor accommodation. When the working day comes to an end the men return for a six-hour sleep before waking early the following day and heading off to work again.

"We are all brothers here once we leave our country," said Altaf Khan, a neighbour who helped some of the injured and relatives who gathered at the villa. "It is a big tragedy and I can imagine the grief of their family." Abdulla Akram, a shopkeeper in Naif who witnessed yesterday's blaze as well the fire that destroyed the nearby Naif Souk earlier this year, said: "This has become a sad fact of this part of the city. We wonder if anyone is safe here."

@Email:pmenon@thenational.ae

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

COMPANY%20PROFILE
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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.”

Our legal advisor

Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.

Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation. 

Education: Sagesse University, Beirut, Lebanon, in 2005.

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Price: base / as tested: Dh91,000 / Dh114,000

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Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

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