Dubai Fountain to Close for Five Months for Major Renovation

The Central Bank of the UAE has announced a major change to the country’s financial system. Banks in the UAE no longer need to follow a fixed minimum salary requirement for personal loans. For many years, most banks required residents to earn at least AED 5,000 to get a loan. This rule has now been removed. The decision will help more people access banking services and improve financial inclusion across the UAE.
This update is important for low-income workers, young employees, and blue-collar workers. It also supports long-term economic growth and builds more confidence in key sectors such as real estate in Dubai.
More Flexibility for Residents and Banks
Banks in the UAE can now set their own salary conditions for loan approval. Instead of following one fixed rule, each bank can choose its own income requirements based on internal policies. This gives banks the freedom to support more people with different salary levels.
Many residents in the past were not able to get loans because their income was too low. Young workers, part-time employees, and labour workers often did not qualify. With the new change, these groups can now be considered for personal loans as long as they meet the bank’s internal guidelines.
Easier Access to Bank Accounts and Daily Banking Services
The removal of salary requirements helps residents open bank accounts more easily. In previous years, some banks asked for a minimum salary to open a savings account or to access certain banking features. This made it difficult for low-income workers who needed secure financial services.
Now, every resident in the UAE can open a bank account regardless of income level. This supports safe salary transfers, easier money management, and better access to online and mobile banking services.

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.

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.

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.