Damac Announces the Launch of Damac Islands 2 in Dubailand

Deyaar Development, one of Dubai’s leading property developers, has announced an impressive 24% rise in net profit for the first nine months of 2025, reflecting the city’s continued real estate boom and growing investor confidence. The company recorded a net profit of AED 406.4 million, supported by stronger development activity and solid performance across its expanding portfolio.
Strong Financial Growth in 2025
According to Deyaar’s financial statement, total revenue for the period climbed 39% to AED 1.45 billion, compared to the same period last year. This growth was largely driven by property development income, which surged 46% to AED 1.19 billion. Other business segments, including facility management and hospitality, also contributed AED 251 million; a 12% year-on-year increase.
Earnings per share rose to 9.33 fils, up from 7.51 fils in 2024, reflecting improved profitability and shareholder value. Meanwhile, Deyaar’s total assets expanded by 12.3% to reach AED 7.59 billion, highlighting the company’s ongoing investment in new developments and land acquisitions.
CEO Saeed Al Qatami: Focus on Affordable and Mid-Market Homes
Commenting on the company’s performance, Saeed Mohammed Al Qatami, CEO of Deyaar, said the results demonstrate the strength of Dubai’s property market and the success of Deyaar’s long-term strategy.
“Our strong revenue growth and profit margins are the result of strategic expansion and disciplined execution. We’ve seen great interest in Dubai’s affordable housing market as well as mid-market properties, and our latest developments reflect that demand,” Al Qatami said.
He added that Deyaar is set to hand over 2,000 new residential units by early 2026, strengthening its presence in both established and emerging communities across the UAE.

How Will Dubai’s Floating Museum Transform the City?
Dubai is set to redefine global creativity with its newest landmark, the Dubai Museum of Art (DUMA). Floating gracefully on the serene waters of Dubai Creek, this extraordinary project will soon become a symbol of art, architecture, and innovation. Developed by Al Futtaim Group and designed by world-renowned Japanese architect Tadao Ando, the museum promises to be one of the most remarkable cultural destinations in the world.
A Visionary Project for a Creative Future
The project was officially unveiled in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. During the event, Sheikh Mohammed said that culture and art are the soul of a city and the lens through which its progress is seen. He emphasized that the new museum will not only showcase art but also reflect Dubai’s global vision and creative spirit.
The Dubai Museum of Art will act as a beacon of culture, supporting the emirate’s ambition to be a global hub for creativity, design, and cultural exchange. The project demonstrates Dubai’s dedication to nurturing the arts and strengthening its position on the world’s modern art map.
A Masterpiece Designed by Tadao Ando
At the heart of this project lies its stunning architectural design. Tadao Ando, the award-winning Japanese architect known for his minimalist style, has created a structure that blends nature, water, and light in perfect harmony.
Inspired by Dubai’s maritime history, the museum’s circular shape and floating design reflect the city’s heritage of pearl diving and sea trade. The use of soft curves, concrete textures, and natural light creates a peaceful and elegant atmosphere that connects visitors with both nature and creativity.
The museum appears to float above the creek, resembling a sculpture on water. It features open spaces, sustainable materials, and daylight-filled interiors that highlight Ando’s vision of simplicity and balance.

The UAE Fuel Price Committee has announced a reduction in petrol and diesel prices for November 2025, bringing welcome relief to residents and motorists across the country. After a slight increase in October, this drop comes as a result of changes in global oil markets and reflects the UAE’s transparent fuel pricing system. Starting November 1, Super 98 petrol is priced at AED 2.63 per litre, down from AED 2.77 in October. Special 95 petrol has been reduced to AED 2.51 per litre, while E Plus 91 is now AED 2.44 per litre. Diesel prices have also decreased slightly, now standing at AED 2.67 per litre compared to AED 2.71 last month. These adjustments provide direct financial relief for everyday commuters, families, and businesses that rely on fuel for daily activities. For residents, lower petrol prices mean more affordable commuting and transport costs. Taxis, ride-hailing services, and delivery fees are likely to decrease, making day-to-day life slightly cheaper. Families traveling between schools, workplaces, and leisure destinations will benefit from smaller monthly fuel expenses, while business owners who operate fleets will see a reduction in operational costs. The UAE’s monthly fuel price review ensures that petrol and diesel prices reflect global market trends, providing residents with fair rates. This month’s decrease follows a modest decline in international crude prices, allowing the government to pass on savings to consumers. With petrol prices now lower, residents can experience improved affordability without compromising mobility or convenience.

Nvidia has officially become the first company in history to be valued at $5 trillion, setting a new global benchmark for technology and innovation. The company’s stock surged to record levels this week, trading around $207, and positioning Nvidia above every other corporation in market capitalization. The milestone reflects the unstoppable momentum of artificial intelligence and the vital role Nvidia plays in powering the world’s most advanced technologies.
Once known only for making computer graphics cards, Nvidia has evolved into the core engine of the AI revolution, providing the powerful GPUs that drive data centers, machine learning, robotics, and supercomputers across the globe. The company’s transformation from a hardware manufacturer into a global AI infrastructure provider has made it the world’s most valuable company, surpassing tech giants such as Microsoft, Apple, and Google.
The company’s growth story is nothing short of historic. A decade ago, Nvidia was valued at just $10 billion. Today, its market capitalization exceeds the GDP of Germany, showcasing how rapidly artificial intelligence has reshaped the global economy. Nvidia’s stock has climbed more than 44,000% in ten years, outpacing every major global index. A simple $1,000 investment in Nvidia in 2015 would now be worth over $440,000, proving how the AI boom has created some of the most powerful wealth growth in history.

Discover Sobha’s New Launch in Business Bay Dubai
Sobha Realty has unveiled a new luxury project in Business Bay on Sheikh Zayed Road, close to the JW Marriott Marquis Hotel. This landmark development is set to become the world’s tallest residential tower, soaring to 110 floors of premium living. The project combines elegant design, a prime location, and the trusted quality that Sobha Realty is renowned for.
Prime Location in the Heart of Dubai
The tower is perfectly positioned in Business Bay, one of Dubai’s most vibrant and sought-after areas. Residents will enjoy a modern city lifestyle surrounded by world-class hotels, restaurants, shopping destinations, and business hubs. Located directly on Sheikh Zayed Road, the project provides easy access to major landmarks like Downtown Dubai, Burj Khalifa, Dubai Mall, and Dubai International Airport.
Living here offers the perfect balance of luxury and convenience. Every day, residents can enjoy stunning city views, modern surroundings, and the energy of Dubai right at their doorstep.
Elegant Design and Modern Comfort
Sobha Realty is known for its attention to detail and premium craftsmanship. This new tower continues that legacy with modern architecture, thoughtfully designed layouts, and luxurious interiors. Each apartment is crafted to maximize natural light and provide unobstructed views of Dubai’s skyline.

DMCC Wealth Hub: Dubai’s New Platform for Global Wealth and Family Offices
Dubai has taken another step forward in becoming one of the world’s most important financial and investment hubs with the launch of the DMCC Wealth Hub. This new initiative by the Dubai Multi Commodities Centre (DMCC) is designed to provide a complete ecosystem for family offices, private investors, and financial firms. It offers a single, trusted entry point for wealth management in the UAE, making it easier for investors to establish, manage, and grow their assets in Dubai. Today, family offices in the emirate already control more than USD 1 trillion in assets, a figure that highlights the city’s strength as a global destination for wealth creation. With the Wealth Hub, DMCC aims to further support this growth by offering structured solutions for succession planning, governance, and investment strategies. Dubai is not just providing a safe place to protect capital, but also a platform where families and private investors can expand their wealth into future generations.

UAE President Launches 13 New Housing Projects in Abu Dhabi Worth AED106 Billion
His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, today attended the launch of 13 major housing projects in Abu Dhabi. These initiatives aim to provide over 40,000 homes and residential plots for Emirati citizens, with a total investment of AED106 billion.
The launch marks a significant step in the UAE government’s ongoing efforts to provide modern, high-quality housing and to strengthen family stability and social well-being across the emirate. These projects will contribute to building fully integrated communities that meet international standards while preserving the UAE’s cultural values.
The agreements for these projects were signed by the Abu Dhabi Housing Authority and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) together with leading property developers. The projects include the construction of 25,244 housing units, valued at AED94 billion, and approximately 14,876 residential plots, worth AED12 billion.
The new communities are designed to offer residents a complete living experience, with essential services and facilities including schools, mosques, parks, commercial centers, sports facilities, and green spaces. These developments aim to support sustainable lifestyles while enhancing the comfort and wellbeing of Emirati families.
His Highness Sheikh Mohamed bin Zayed Al Nahyan emphasized the importance of housing as a national priority. He highlighted that providing secure and high-quality homes plays a vital role in strengthening family cohesion, supporting social stability, and fostering a unified society. He also stressed the importance of collaboration between government authorities and the private sector to ensure that these housing projects meet the evolving needs of Emirati families.

Rashid Villages Dubai Global Humanitarian Project
Dubai has started a global humanitarian project called Rashid Villages to honour the late Sheikh Rashid bin Mohammed bin Rashid Al Maktoum. The project was announced by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister. The goal of the project is to provide safe homes, good schools, healthcare, and community support to families in need worldwide.
Sheikh Hamdan said his brother was a kind and caring leader who always helped people in need. Rashid Villages continues this mission and reflects the values of their father, Sheikh Mohammed bin Rashid Al Maktoum. The initiative shows how Dubai is leading humanitarian projects and helping families around the world.
Rashid Villages are full communities where families can live safely and comfortably. Each village will have modern homes, schools with digital learning tools, healthcare centres, and social support services. The project aims to help families improve their lives, earn a steady income, and become independent. Rashid Villages focuses on creating long-term opportunities and hope for people in need.