Abu Dhabi: the shape of things to come



In the 1960s, aerial photographs revealed Abu Dhabi as a sleepy fishing village far removed from what was, elsewhere, the era of satellites and skyscrapers. Now, decades later, Abu Dhabi has dramatically cast itself into the ranks of hard-charging global heavyweights. But how does a city grow into a metropolis, under the watchful eye of the world, without losing its essence?

Last week, New York University invited a number of lecturers to speak on Abu Dhabi's past, present and future. The motivation was clear - the lectures were being given at the brownstone serving as NYU Abu Dhabi's Manhattan home, and the mood was buoyantly optimistic, celebrating the marriage of a rapidly growing, wildly successful private university with a rapidly growing, wildly successful city.

There was even a touch of Abu Dhabi in the room; as Robert Hillenbrand delivered his lecture on the Sheikh Zayed Grand Mosque to a crowd of NYU Abu Dhabi brass, architecture grad students and undergrads considering a year abroad, attention was drawn to a stunning floral-patterned green carpet hung on the wall, which proved to be a scale version of the one gracing the mosque's floor.

Hillenbrand, succinctly summarising the design of the mosque, praised it as an "architectural benchmark by virtue of its scale, its ambition, and its reach". The mosque, in his view, is a fundamentally postmodern creation. Drawing on a "pan-Islamic" set of styles ranging from the Ottoman to that of Mughal India and Moorish Spain, the Sheikh Zayed Grand Mosque serves as a projection of how Abu Dhabi itself would prefer to be seen. A place for prayer that draws on traditions from across the Muslim world is meant to draw Muslims from all over the world.

Sitting far from Abu Dhabi's traditional downtown area, the mosque's peripheral wall and landscaping awaits completion - itself a potent symbol of a city in the midst of being built, if you choose to interpret it as one. But Hillenbrand sees that as proof of Abu Dhabi's promise, and an indication of the city's future. "It was prophetic of Sheikh Zayed to choose this site," he argued. "I absolutely promise you that in 30 years' time, the city will have engulfed it ... this will be an oasis."

The next night's speaker was like an extended footnote and explication of Hillenbrand's prophecy. Larry Beasley, former director of planning for Vancouver, spent the last five years in Abu Dhabi, working with the Urban Planning Council and crafting Plan 2030 for the city. This plan is a wide-ranging attempt to take the successful strategy for urban revitalisation known as "Vancouverism" and adapt it for the emirate, creating a more liveable city even as Abu Dhabi expands to anywhere between 2.5 and 3.5 million people in the decades to come.

Beasley spoke to the audience of about 50 people of the challenges and rewards of designing the future Abu Dhabi, arguing that its specifically Arab version of humane urbanism "may well be the preferred approach for really smart cities in the future".

Beasley, in a conversation after his lecture, was inclined to agree with Hillenbrand. "In the future, it'll be right in the centre," he said of the mosque, drawing a rough sketch of the future city on a scrap of paper. "Now, they built the mosque before we designed our new capital. I have a feeling that if we were doing it today, we would put the mosque right in the centre."

Vancouver reversed decades of urban decline beginning in the mid-1980s, more than doubling the population of its downtown by diversifying transit, reducing car traffic, and using public-private collaborations to increase the available pool of urban amenities - everything from new townhouses to public benches. "It just has to be - better to entice people away from the suburbs," Beasley argued in his talk, and Vancouver's remarkable success has been based in large part on its ability to make urban living attractive once again.

Who is a city for? Is it for its elite? Its workers? Its residents, or tourists? Abu Dhabi and Dubai present two contrasting models of urbanisation, and the example of Abu Dhabi was perpetually thrown into relief by Dubai's counter-example. Dubai, in Beasley's scheme, was a global city, inclined to sell itself to the world on the basis of its size and scope. Crucially, Dubai pushed land development to the forefront as the engine to turn the city into a global financial centre. Abu Dhabi, by contrast, is a postmodern city, one more devoted to improving the experience of living in the city for its residents.

Dubai, "in the vanguard of change" has made mistakes, according to Beasley, the same ones Abu Dhabi hopes to avoid.

"Dubai has just not had a plan," he says, "not had a coherent way to do things ... If you ask Abu Dhabians, they'll tell you they all go to Dubai to shop, but they couldn't live there."

But building a better city is not just a matter of avoiding the mistakes of other cities, or of replicating an already-developed model from elsewhere. "You can't just import things. That was the mistake of the generation before me of expats in places like Abu Dhabi or Dubai. They just took their ideas and brought them in. I mean literally, I've seen subdivisions."

Abu Dhabi's particular challenges - including the once chronic housing shortage - require previously untested solutions. Beasley was initially reluctant to work in a country so utterly unlike Canada, but saw an opportunity for rapid-fire improvement. "I did go with the advice of this fellow who said, if you can improve the circumstances, then it's worth you being there."

Plan 2030 establishes five particular goals for the new Abu Dhabi: to keep growth measured, to be sensitive to the natural environment, to serve as a capital city for the United Arab Emirates, to be a distinctively Arab city, and to ensure that Arab values, culture and mores will shape the city. Beirut and Marrakech served as the explicit models for Abu Dhabi, urban exemplars for a nation without an indigenous urban heritage.

Set to continue its rapid expansion in the coming years, Abu Dhabi poses a version of the fundamental problem facing urban planners in the 21st century: how to retain, or craft, the pleasures of urban living while extending them to millions of new city residents?

Everyone at last week's talks - lecturers, university officials, NYU students - was inclined to celebrate Abu Dhabi's emergence as an enlightened global hub, even as the new Abu Dhabi was still as much a matter of planning as reality.

Hillenbrand and Beasley were discussing Abu Dhabi's past and present in the reflected light of the city's proposed future - one where the fishing village of old has fully given way to the Middle Eastern megalopolis. Abu Dhabi presents one model for the 21st century city: carefully planned, distinctly Emirati, yet western in orientation and thoroughly Vancouverised.

For Beasley, the formula is entirely new and entirely familiar, all at once: "All of the specifics are different, but the underlying principles - mixed use, alternatives to the car, densification, active street life - all of those things, in principle, do apply. It's just that you have to do them in their way."

COMPANY%20PROFILE
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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
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On sale: Later this year
What should do investors do now?

What does the S&P 500's new all-time high mean for the average investor? 

Should I be euphoric?

No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.

So what happened?

It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.

"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."

Should I buy? Should I sell?

Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.

"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.

All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.

Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.

Will the rally last?

No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.

"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

Leaderboard

63 - Mike Lorenzo-Vera (FRA)

64 - Rory McIlroy (NIR)

66 - Jon Rahm (ESP)

67 - Tom Lewis (ENG), Tommy Fleetwood (ENG)

68 - Rafael Cabrera-Bello (ESP), Marcus Kinhult (SWE)

69 - Justin Rose (ENG), Thomas Detry (BEL), Francesco Molinari (ITA), Danny Willett (ENG), Li Haotong (CHN), Matthias Schwab (AUT)

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

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The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

Company%20Profile
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TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%209
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SPECS
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What are the GCSE grade equivalents?
 
  • Grade 9 = above an A*
  • Grade 8 = between grades A* and A
  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
  • Grade 3 = between grades D and E
  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G
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Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

'Nope'
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