Three journalists from The National set out to determine which mode of transport - a car, a taxi, or a metro train - will get you around Dubai the fastest. Jaime Puebla / The National
Three journalists from The National set out to determine which mode of transport - a car, a taxi, or a metro train - will get you around Dubai the fastest. Jaime Puebla / The National

Getting around Dubai: Comparing taxis, trains and personal cars



Dubai // Whether behind the wheel of your own car, in the back seat of a taxi or squeezed into a busy metro train, the daily commute from home to the office is one of the most stressful and tedious trips of the day the world over.

But how does the price of a ticket for straphangers on Dubai’s shiny new metro compare to people riding New York’s 110-year-old subway system?

Does the car journey from one of the emirate’s newly built high-rise neighbourhoods cost the same in petrol as an office worker’s daily drive through the streets of Mumbai?

And do cabbies in London charge as much per kilometre as the cost of a taxi trip from Discovery Gardens to Dubai airport?

We wanted to see not only how much the commute costs when compared with other countries, but also how the various modes of transport available compare in terms of comfort and time of journey.

We arranged for three reporters to take a cab, metro and a private car from one end of the city to the other.

Setting off at exactly 9.12am, they had vastly different experiences.

While travelling by metro was by far the cheapest, it was also the most time consuming and crowded.

Taking a cab turned out to be the most comfortable experience and the quickest, but it was also by far the most expensive.

Driving your own car appeared to strike the right balance between time spent travelling and affordability, but it was also the most stressful, with busy roads and other drivers to contend with.

It is clear that while public transport such as the metro is affordable and popular, there needs to be improvements in space for passengers and speed before it becomes everyone’s number-one choice.

The number of people travelling on Dubai’s Metro reached 40 million in the first three months of this year. Trains on the red line made 30,400 journeys, those on the green line 23,876.

This is comparable with the number of people making taxi journeys. The Roads and Transport Authority says there were just over 26 million taxi journeys between January and March, carrying 45 million passengers.

As many as 10,000 private cars use Sheikh Zayed Road between Dubai and Abu Dhabi each day.

With the population of Dubai expected to swell to 2.8 million by 2020, up from 2.1 million in 2012, the need to get more people on to public transport has never been greater.

mcroucher@thenational.ae

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.”

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Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
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Dr Amal Khalid Alias revealed a recent case of a woman with daughters, who specifically wanted a boy.

A semen analysis of the father showed abnormal sperm so the couple required IVF.

Out of 21 eggs collected, six were unused leaving 15 suitable for IVF.

A specific procedure was used, called intracytoplasmic sperm injection where a single sperm cell is inserted into the egg.

On day three of the process, 14 embryos were biopsied for gender selection.

The next day, a pre-implantation genetic report revealed four normal male embryos, three female and seven abnormal samples.

Day five of the treatment saw two male embryos transferred to the patient.

The woman recorded a positive pregnancy test two weeks later. 

THE LIGHT

Director: Tom Tykwer

Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger

Rating: 3/5

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