• Construction of Burj Khalifa being finished in Dubai, in 2008. Ryan Carter / The National
    Construction of Burj Khalifa being finished in Dubai, in 2008. Ryan Carter / The National
  • Two camels stand guard outside Dubai's exclusive Al Maha Desert Resort in February 2000. AFP
    Two camels stand guard outside Dubai's exclusive Al Maha Desert Resort in February 2000. AFP
  • Cars are bumper-to-bumper on a lavishly decorated Dubai street in March 2000 on the third day of the month-long annual Dubai Shopping Festival. AFP
    Cars are bumper-to-bumper on a lavishly decorated Dubai street in March 2000 on the third day of the month-long annual Dubai Shopping Festival. AFP
  • A view for the first of seven bridges in Westside Marina in Dubai in September 2000. AFP
    A view for the first of seven bridges in Westside Marina in Dubai in September 2000. AFP
  • Visitors attend a Microsoft demonstration at Gitex, the computer exhibition that opened on October 2000 in Dubai. Gitex celebrated its 20th anniversary with what was described by organisers as the biggest ever Middle East technology exhibition. AFP
    Visitors attend a Microsoft demonstration at Gitex, the computer exhibition that opened on October 2000 in Dubai. Gitex celebrated its 20th anniversary with what was described by organisers as the biggest ever Middle East technology exhibition. AFP
  • Jebel Ali Free Zone and Jumeirah in December 2003. AFP
    Jebel Ali Free Zone and Jumeirah in December 2003. AFP
  • Power boats are seen racing off the coast of Dubai on December 12, 2003, on the final day of the Dubai Grand Prix. The Norway's Spirit won the eighth and final round of the Class One world championship. AFP
    Power boats are seen racing off the coast of Dubai on December 12, 2003, on the final day of the Dubai Grand Prix. The Norway's Spirit won the eighth and final round of the Class One world championship. AFP
  • An aerial view of Dubai in September 2007. AFP
    An aerial view of Dubai in September 2007. AFP
  • The opening ceremony of Dubai Shopping Festival on March 1, 2000.
    The opening ceremony of Dubai Shopping Festival on March 1, 2000.
  • A woman looks at a 62kg gold ring, named Najmat Taiba, on display at the BurJuman shopping mall in Dubai on August 22, 2000.
    A woman looks at a 62kg gold ring, named Najmat Taiba, on display at the BurJuman shopping mall in Dubai on August 22, 2000.
  • Mall of the Emirates under construction, with Dubai's landmark hotel Burj Al Arab in the background, in September 2004. AFP
    Mall of the Emirates under construction, with Dubai's landmark hotel Burj Al Arab in the background, in September 2004. AFP
  • A view from above of the $5.4 million (Dh20 million) cable car system inaugurated in Dubai in 2000. The cable cars are suspended 25 metres above Creek Park, giving visitors a bird's-eye view of the creek.
    A view from above of the $5.4 million (Dh20 million) cable car system inaugurated in Dubai in 2000. The cable cars are suspended 25 metres above Creek Park, giving visitors a bird's-eye view of the creek.
  • UAE nationals check handmade hoods for falcons during the Arab Hunting Show at the World Trade Centre in Dubai on September 26, 2000.
    UAE nationals check handmade hoods for falcons during the Arab Hunting Show at the World Trade Centre in Dubai on September 26, 2000.
  • Arabs working at a desert party take a break in front of the ruins of an old fort on March 24, 2000. About 1,000 guests from around the world were treated to a lavish desert party under a starry sky in advance of the $6,000,000-prize Dubai World Cup horse racing event on March 25, 2000.
    Arabs working at a desert party take a break in front of the ruins of an old fort on March 24, 2000. About 1,000 guests from around the world were treated to a lavish desert party under a starry sky in advance of the $6,000,000-prize Dubai World Cup horse racing event on March 25, 2000.
  • An aerial view taken on February 24, 2005 shows the commercial, deep-water Port Rashid in Dubai. AFP
    An aerial view taken on February 24, 2005 shows the commercial, deep-water Port Rashid in Dubai. AFP

Six signs you are a Dubai old-timer


Selina Denman
  • English
  • Arabic

It’s no secret that Dubai has changed beyond recognition over the past decade or so (look through the photo gallery above to see the city in the 2000s).

When I arrived in late 2008, Burj Khalifa hadn’t yet reached its full height, there were no Metro stations dotting Sheikh Zayed Road and the social event of the year was the opening of Atlantis, The Palm, with a performance by Kylie Minogue, who in those days was still a headlining act.

But it’s not only Dubai’s skyline that has changed dramatically in the past 14 years. Old-school residents will remember exorbitant rents and, in a pre-Dubai Mall era, shopping trips to BurJuman (or, if you're like fellow columnist Saeed Saeed, Al Ghurair Centre).

There were pilgrimages to Ravi’s for authentic Pakistani and Indian food and daily struggles to find a taxi. Banks tried to entice you with credit card limits of Dh500,000, even if you were being paid peanuts, and walks along JBR were still a novelty.

Here are six other signs you’re officially a Dubai old timer ...

Your phone number starts with 055 or 050

Nothing confirms your status as a long-time UAE resident more than those three digits at the front of your phone number. Back in the day, your allegiances were clear: 055 for du and 050 for Etisalat. There were no 056s, 052s or 058s to muddy the waters.

You can’t remember flying any other airline but Emirates

Onboard an Emirates plane. Photo: Emirates
Onboard an Emirates plane. Photo: Emirates

You know you’ve been in Dubai a long time when you’ve turned the accumulation of Emirates Skywards air miles into a sport. Your status – silver, gold or, for the truly committed, platinum – is a secret source of pride, although you would never be so uncouth as to brag about it in public. As a result, the idea of flying with any other airline is anathema. British Airways, what? If your cabin crew can’t speak at least 12 languages between them, you’re not interested.

You still think Arabian Ranches is a long way out

Villas in Arabian Ranches. Pawan Singh / The National
Villas in Arabian Ranches. Pawan Singh / The National

If you were lucky enough to live in the original Arabian Ranches, when it was first built, you quickly got used to not having many visitors. “All the way out there?” people would say, as if you were inviting them to trek across the Empty Quarter.

To be fair, in those days it was an isolated community with nothing around it, suburban in every sense of the word. Today, with neighbouring communities such as Sustainable City, Mudon and Dubai Hills attracting scores of residents, Arabian Ranches might as well be in the centre of town.

Chi at The Lodge was your spot

Oud Metha is probably not the first place that newcomers to Dubai think of when they are planning an evening out. Not many people are skipping the delights of DIFC for an evening on the outskirts of Bur Dubai. And yet, in the late 2000s, Al Nasr Leisureland was the place to be.

Dubai’s original large-scale leisure centre is still home to a swimming pool, bowling centre and an Olympic-sized ice rink – except, in the old days, those things were a rarity. Al Nasr Leisureland was also home to Chi at The Lodge, an expansive and unexpectedly popular hot spot that sometimes hosted off-the-cuff musical performances. If you know, you know.

You think Dh85,000 is reasonable rent for a studio apartment

Studios in Discovery Gardens would set you back Dh85,000 a year. Satish Kumar / The National
Studios in Discovery Gardens would set you back Dh85,000 a year. Satish Kumar / The National

In the heady days of late 2008, if you wanted to rent a place of your own anywhere outside Deira or Bur Dubai, the cheapest option you were likely to find was a studio apartment in Discovery Gardens, for the grand old sum of Dh85,000 a year. The one-cheque rule was also completely non-negotiable. Your perception of the property market has been permanently skewed as a result.

You used to wait hours for a taxi

RTA taxis were your only option. Pawan Singh / The National
RTA taxis were your only option. Pawan Singh / The National

Before the glory days of Uber and Careem, you relied on RTA taxis for all your transport needs. The Metro was, as yet, a distant dream. You’d call the RTA, explain where you needed your car and then wait, patiently, to see if it ever arrived.

Flagging a taxi in the street became a delicate art. Traffic was so bad that many drivers refused to take you if you were heading in the wrong direction. And you would often spend an hour and a half making a 15-minute journey, either because of tailbacks or because your poor driver was new to the country and couldn’t keep up with Dubai’s rapidly expanding road networks.

Dubai's development through the years - in pictures

  • Bur Dubai in the foreground; Deira, middle-right, on the other side of Dubai Creek; and Al Shindagha, left, and Al Ras, right, in the background across the Creek again from Deira, in 1950. Alamy
    Bur Dubai in the foreground; Deira, middle-right, on the other side of Dubai Creek; and Al Shindagha, left, and Al Ras, right, in the background across the Creek again from Deira, in 1950. Alamy
  • Ships unload their goods on the Creek for the Customs Department in 1967. Getty Images
    Ships unload their goods on the Creek for the Customs Department in 1967. Getty Images
  • The Dubai Creek in 1976. AFP
    The Dubai Creek in 1976. AFP
  • The Dubai World Trade Centre in 1978. Alamy
    The Dubai World Trade Centre in 1978. Alamy
  • Corniche alongside the Creek in 1984. Alamy
    Corniche alongside the Creek in 1984. Alamy
  • The Burj Al Arab and Jumeirah Beach hotels in 1999. AFP
    The Burj Al Arab and Jumeirah Beach hotels in 1999. AFP
  • Dubai Creek in 2004. AFP
    Dubai Creek in 2004. AFP
  • Towers in Dubai Marina and JLT in 2015. Sarah Dea / The National
    Towers in Dubai Marina and JLT in 2015. Sarah Dea / The National
  • The Sheikh Zayed Road in 2020. Reuters
    The Sheikh Zayed Road in 2020. Reuters
  • General view of traffic in 2021. Chris Whiteoak / The National
    General view of traffic in 2021. Chris Whiteoak / The National
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, launched the Dubai 2040 Urban Master Plan that maps out a comprehensive future map for sustainable urban development in the city. Wam
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, launched the Dubai 2040 Urban Master Plan that maps out a comprehensive future map for sustainable urban development in the city. Wam
Our legal consultant

Name: Dr Hassan Mohsen Elhais

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

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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) 

THE%20HOLDOVERS
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAlexander%20Payne%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Paul%20Giamatti%2C%20Da'Vine%20Joy%20Randolph%2C%20Dominic%20Sessa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204.5%2F5%3C%2Fp%3E%0A
THE BIO: Martin Van Almsick

Hometown: Cologne, Germany

Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)

Favourite dessert: Umm Ali with dark camel milk chocolate flakes

Favourite hobby: Football

Breakfast routine: a tall glass of camel milk

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

THREE
%3Cp%3EDirector%3A%20Nayla%20Al%20Khaja%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Jefferson%20Hall%2C%20Faten%20Ahmed%2C%20Noura%20Alabed%2C%20Saud%20Alzarooni%3C%2Fp%3E%0A%3Cp%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A

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.”

WWE Super ShowDown results

Seth Rollins beat Baron Corbin to retain his WWE Universal title

Finn Balor defeated Andrade to stay WWE Intercontinental Championship

Shane McMahon defeated Roman Reigns

Lars Sullivan won by disqualification against Lucha House Party

Randy Orton beats Triple H

Braun Strowman beats Bobby Lashley

Kofi Kingston wins against Dolph Zigggler to retain the WWE World Heavyweight Championship

Mansoor Al Shehail won the 50-man Battle Royal

The Undertaker beat Goldberg

 

Updated: September 23, 2022, 5:08 AM