Dubai 5 plate goes for Dh­s33m

7 Days in Dubai - - NEWS - Shoshana@7days.ae

The num­ber of univer­sity stu­dents plan­ning to stay in the UAE af­ter grad­u­at­ing has risen sharply, ac­cord­ing to a ma­jor an­nual study.

In a poll of al­most 1,000 stu­dents, global HR and man­age­ment firm Aon He­witt found 69 per cent in­tend to stay on – up from 50 per cent just three years ago.

De­spite the high cost of liv­ing in cities like Dubai, stu­dents said they were at­tracted by the strong job mar­ket and the pos­si­bil­ity of run­ning their own busi­ness.

The in­ten­tion to stay on is a broader trend for ex­pats, ris­ing from five years to seven years on av­er­age since 2011, ac­cord­ing to some es­ti­mates.

Elias Dib, a Part­ner at Aon He­witt Mid­dle East, said: “Com­pared to the rest of the world, Dubai of­fers a lot of op­por­tu­nity for the re­gion and for global tal­ent. It’s a free-mar­ket, it’s a hub for re­gional of­fices, it’s a multi-cul­tural melt­ing pot of dif­fer­ent na­tion­al­i­ties and cul­tures that blend per­fectly.”

The find­ings were bro­ken down by na­tion­al­ity, in­clud­ing res­i­den­tial ex­pats, Emi­ratis and those who moved to the UAE to study.

The poll found 54 per cent of Emi­rati stu­dents were will­ing to com­pro­mise on pay to be hired by their ideal em­ployee, in con­trast to res­i­den­tial ex­pats on 34 per cent.

They were also more likely to com­pro­mise on work/life bal­ance – 40 per cent vs 29 per cent for ex­pats. But the vast ma­jor­ity were un­will­ing to travel abroad for work – just 14 per cent were – com­pared to ex­pats on 38 per cent and 41 per cent of vis­it­ing stu­dents.

One in four Emi­rati stu­dents ex­pressed an in­ter­est in be­com­ing en­trepreneurs and start­ing Work on Dubai Parks & Re­sorts bridges is now com­plete. The bridges are sched­uled to open when the Dubai Parks project be­gins wel­com­ing vis­i­tors at the end of Oc­to­ber 2016. Cost­ing Dhs250 mil­lion, the project in­cluded en­try and exit points link­ing Dubai Parks with Sheikh Zayed Road in the di­rec­tion from Abu Dhabi to Dubai. The work in­cluded con­struc­tion of a three­lane bridge stretch­ing 1,500 m as a main en­try on the Sheikh Zayed Road for ve­hi­cles a busi­ness, while a fur­ther 17 per cent of Emi­ratis wanted to work for the pub­lic sec­tor in this wave of the study – com­pared to 53 per­cent in the last Aon He­witt study. Dib said the rea­son was “over-sat­u­ra­tion” of the gov­ern­ment sec­tor and the high rate of suc­cess sto­ries for en­trepreneurs in Dubai. He said: “None of the stu­dents grad­u­at­ing are aim­ing for gov­ern­ment jobs. We’ve seen quite a large num­ber of stu­dents who’d like to be en­trepreneurs. Those stu­dents have seen many peo­ple grow their own busi­nesses.” com­ing from Dubai head­ing to Dubai Parks. It also in­cluded the con­struc­tion of a twolane bridge stretch­ing 1,000 m as a main exit on Sheikh Zayed Road from Dubai Parks in the di­rec­tion of Abu Dhabi. The project also com­prised roads within Dubai Parks linked with the Sheikh Zayed Road and Sheikh Mo­hammed bin Zayed Road, ex­tend­ing about 16 kms. The Dubai Parks & Re­sorts project com­prises Mo­tion­gate Dubai, Bol­ly­wood Parks Dubai, and LEGOLAND Dubai. Col­lec­tors shelled out tens of mil­lions of dirhams for rare and one-digit num­ber plates in an auc­tion held by the Dubai Roads and Trans­port Au­thor­ity last night. Among the most sought-af­ter items at the en­er­getic JW Mar­riott Mar­quis Ho­tel event was the Dubai plate D 5 – which went for a stag­ger­ing Dhs33 mil­lion. Win­ning bid­der Balvin­der Sahni, an Ara­bic­s­peak­ing In­dian busi­ness­man based in Dubai, told 7DAYS: “I’ll put it on one of my Rolls-Royces, the black one. “I love num­ber plates, it’s my hobby to col­lect them.” A to­tal of 80 num­ber plates went un­der the ham­mer, with Dubai plate num­ber P 27 go­ing for Dhs2.14 mil­lion and Q 77 sell­ing for Dhs4.52 mil­lion. Stu­dent Khal­ifa Lakhraim, 21, the high­est bid­der for the S 911 plate – said it was for a Porsche that he hasn’t even bought yet. He said: “I have to buy one first. It’s a trend now - ev­ery­one drives around with nice num­ber plates on fancy cars.” The pro­ceeds from last night’s auc­tion will go to RTA projects. Ahmed Bahrozyam, CEO of the RTA’s Li­cens­ing Agency, said: “We will in­vest it in all our projects in Dubai.”

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