Rising along Sheikh Zayed Road beside the Dubai Water Canal, Al Habtoor Tower is poised to become the world’s largest residential skyscraper, with 81 floors and a total built-up area of approximately 3.5 million square feet. Developed by the Al Habto...
Dubai South Properties has awarded an AED 2 billion contract to Mohammed Abdulmohsin Al Kharafi & Sons LLC for the development of multiple phases of HAYAT, a luxury master-planned community. The project, which spans 10 million square feet, represents a significant expansion of the residential portfolio within the Dubai South district.
Located in proximity to Al Maktoum International Airport, the HAYAT development is designed to integrate approximately 2,500 residential units. The architectural master plan includes a diverse range of housing options, including one- to five-bedroom apartments, townhouses, semi-detached villas, and standalone mansions. The project emphasizes minimalist design and flexible living spaces intended to provide residents with increased privacy.
The development is positioned as a wellness-oriented community, featuring a community lake, lagoons, and shaded walking trails. Infrastructure within the master plan includes a retail boulevard, a community mall, and various fitness and recreation facilities. The site offers direct connectivity to major transport arteries, including Sheikh Mohammed bin Zayed Road and Emirates Road, as well as the Jebel Ali Free Zone and the Dubai South Free Zone.
Nabil Al Kindi, Group CEO of Dubai South, stated that the project aligns with the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda D33. According to Al Kindi, the appointment of the contractor is a critical step in meeting investor commitments following strong market demand since the project’s launch in 2025.
Construction is scheduled to commence in the second quarter of 2026. The initial phases of the HAYAT project are expected to reach completion by 2028. Existing amenities in the surrounding Dubai South ecosystem currently include a GEMS Founders School, a 50,000-square-foot hypermarket, and public bus routes connecting to the Expo Metro station.
Photo credits: Government of Dubai Media Office
Alexander Agafiev
Alexander Agafiev is former tech contributing writer for Forbes Monaco.
Dubai’s taxi and e-hail limousine sectors recorded strong growth in 2025, driven by rising passenger demand, fleet expansion and increased use of digital booking platforms, according to Dubai’s Roads and Transport Authority.
The taxi sector served 209.02 million passengers during the year, up 4.2 percent from 200.65 million in 2024. The number of taxi trips also rose by 4.2 percent, reaching 120.1 million compared with 115.3 million the previous year. The sector operates a fleet of 14,476 vehicles.
Adel Shakeri, Director of Planning and Business Development at the RTA’s Public Transport Agency, said the use of e-hail platforms continued to expand. About 45 percent of taxi trips were booked through digital platforms in 2025, a 13 percent increase from 2024, reflecting a shift away from traditional street hailing.
The fleet grew by 600 vehicles during the year, representing a 6 percent increase. According to the RTA, 90 percent of the taxi fleet is now hybrid or electric. The authority aims to transition to a fully electric taxi fleet by 2040 as part of the Dubai Net Zero Carbon Emissions Strategy 2050.
Service upgrades introduced in 2025 included leather seating, in-car fresheners and digital roof lights. The RTA also implemented new performance indicators and introduced artificial intelligence tools to support lost-and-found services and driver safety compliance. More than 75 percent of taxi trips recorded an estimated arrival time of under 3.5 minutes.
The e-hail limousine sector also expanded. Trips increased by 25 percent, rising from 32.8 million in 2024 to 41 million in 2025, while ridership reached 71.4 million passengers. The growth was supported by the addition of 35 limousine companies and around 2,500 vehicles.
About 15,000 vehicles now operate on the e-hail limousine platform, with 83 percent of trips achieving arrival times of under 3.5 minutes. Electric vehicles account for 18 percent of the limousine fleet.
Photo credits: Government of Dubai Media Office
Alexander Agafiev
Alexander Agafiev is former tech contributing writer for Forbes Monaco.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, met in Dubai with His Highness Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah.
The meeting was attended by His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai; His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, President of the UAE Olympic Committee; and His Highness Sheikh Mohammed bin Rashid bin Mohammed bin Rashid Al Maktoum.
During the meeting, the leaders exchanged Ramadan greetings and expressed prayers for the continued prosperity, security and stability of the United Arab Emirates and its people.
Discussions focused on national development priorities, initiatives aimed at improving quality of life, and support for key sectors aligned with the country’s long-term objectives.
Sheikh Mohammed bin Rashid emphasized the importance of continued cooperation and coordination among the emirates to advance development and strengthen the UAE’s global standing.
The meeting also underscored the themes of solidarity, mutual support and community cohesion associated with the Holy Month of Ramadan.
Photo credits: Government of Dubai Media Office
Alexander Agafiev
Alexander Agafiev is former tech contributing writer for Forbes Monaco.
Dubai presents a demographic profile unlike any other major city in the world. Approximately 92 percent of its population are expatriates, with Emirati nationals making up only about 8 percent. This reality defines the city’s social structure, economy, and global identity.
The largest expatriate communities originate from South Asia. Indians account for around 38 percent of Dubai’s population, followed by Pakistanis (17 percent), Bangladeshis (7 percent), and Filipinos (7 percent). These are joined by sizeable populations of Iranians, Egyptians, Syrians, and Western nationals from Europe and North America.
But these numbers are not just demographics - they are woven into the texture of everyday life. Dubai’s multicultural character is visible in its neighborhoods, where languages, cuisines, and cultures coexist across districts like Deira, Al Karama, and Al Barsha. Schools cater to dozens of national curricula. Workplaces bring together talent from every continent. Daily life is marked by extraordinary linguistic and cultural diversity.
This diversity has been central to Dubai’s economic success. The city’s private sector is powered almost entirely by foreign labor, from construction and logistics to finance and technology. More than 200 nationalities live and work in Dubai, and the city receives over 17 million international visitors annually, reinforcing its role as a global tourism and business hub.
Yet, Dubai’s demographic makeup also reflects its transience. Most residents live in the city on temporary work visas. Citizenship remains rare and highly restricted. Integration is limited not by social barriers, but by the structural nature of residency laws that tie presence in the city to employment or investment. In this way, Dubai operates less as a melting pot and more as a global crossroads - a place of opportunity, but not always of permanence.
Still, the result is a city that functions as a cultural and economic mosaic. Dubai’s strength lies in its ability to bring together people from vastly different backgrounds and, for a time, make them part of something shared. Its identity is not bound to any one nationality, but forged in its complexity.
Dubai is a city of transience - but one whose cultural complexity is enduring.
Dubai’s metamorphosis from a modest 20th-century trading port into a modern metropolis is not a tale of petrochemical luck, but of economic vision, aggressive policy reform, and deliberate diversification. While much of the Gulf’s narrative is shaped by the oil boom, Dubai took a different path - one that now positions it as a model for post-oil economic strategy in the region.
In stark contrast to popular assumption, oil contributes less than 1 percent to Dubai’s GDP today, according to official data from the Dubai Statistics Center and UAE government reports. In 2022, oil and gas accounted for just 0.7% of Dubai’s GDP, down from over 50% in the 1970s. Unlike Abu Dhabi, its wealthier neighbor, Dubai’s oil reserves were limited from the start, compelling leaders to think beyond hydrocarbons.
Instead, Dubai bet early - and big - on logistics, tourism, real estate, finance, and free-zone trade. As early as the 1980s and 1990s, the city began laying the infrastructure for an economy driven by services, not oil. The establishment of Jebel Ali Port in 1979 - now the largest port in the Middle East and among the top ten busiest in the world - was an inflection point. It became the gateway to Dubai’s rise as a regional logistics hub, enabling the growth of re-export trade and cementing the city’s geographic centrality between Europe, Asia, and Africa.
By the early 2000s, this pivot was evident in urban form: mega projects like Dubai Internet City, Dubai Media City, and Dubai International Financial Centre (DIFC) signaled a strategic push into tech, media, and finance. These zones allowed 100% foreign ownership, zero income taxes, and light regulation - creating an environment friendlier to global capital than much of the surrounding region.
The results are measurable. In 2023, non-oil trade in Dubai surged to over AED 2 trillion (~USD 545 billion), a historic high. Tourism now contributes nearly 12% of Dubai’s GDP, with the city consistently ranking among the top three most-visited cities globally, drawing more than 17 million international visitors annually (as of 2023). In real estate, Dubai saw record-breaking investment in 2023, with foreign property buyers accounting for 41% of transactions, largely from India, China and Europe.
Perhaps most emblematic of Dubai’s ambitions is the Burj Khalifa, the world’s tallest building - less a piece of architecture than a statement of intent. And yet, beneath the skyline lies a framework of policy that ensures Dubai’s global relevance is more than symbolic. The city has crafted an economic ecosystem that is highly responsive: from blockchain regulation to fintech sandboxes, and from digital nomad visas to 10-year Golden Visas for investors, the tools of modern economic diplomacy are constantly in play.
Even amidst global headwinds - COVID-19, geopolitical tensions, supply chain disruptions - Dubai has proven remarkably resilient. The emirate was one of the first to reopen after the pandemic, using its airline, Emirates, and strict but efficient health protocols to restore tourism and business traffic.
Critics may raise valid concerns about sustainability, housing inflation, and the precariousness of a largely expatriate workforce, but Dubai’s strategic agility is undeniable. With plans underway to build the world’s largest airport (Al Maktoum International) and expand its maritime and digital infrastructure, Dubai’s economic transformation is not yet complete - it is simply entering its next phase.
In short, Dubai’s story defies the stereotype of oil-fueled opulence. It is instead the story of a place that confronted its resource limitations and made them a strength, leveraging geography, policy, and ambition to emerge as a global diversification pioneer - and perhaps a model for other post-oil economies to study.
Photo credits: Dubai Instagram
Alexander Agafiev
Alexander Agafiev is former tech contributing writer for Forbes Monaco.
The transformation of the Gulf economies is neither sudden nor superficial. It is a deliberate, long-term disentanglement from decades of hydrocarbon dependency - charted not through proclamations but through ports, satellites, electric vehicles, and artificial intelligence labs.
What began as oil-funded ambition is now materializing in physical infrastructure and institutional reform. Dubai’s thriving free zones, Abu Dhabi’s clean energy and AI corridors, and Saudi Arabia’s $500 billion NEOM project are not vanity ventures. They are components of a broader, carefully engineered strategy to reposition the region’s economic identity.
Yet in much of the West, the narrative remains static: Gulf nations as petro-states, rich but rigid. This framing overlooks the scale of structural change now underway. The real shift is in sovereign wealth funds prioritizing ESG, in regional universities partnering with global research centers, and in early-stage commitments to green hydrogen and quantum computing.
This pivot is not merely about economic diversification. It is a bid for relevance - a transition from commodity capital to human and intellectual capital.
Photo credits: Abu Dhabi Off Plan. Masdar City. Abu Dhabi
Dubai has never waited for the world to catch up. It has always leapt ahead - constructing skylines before cities could dream of one, introducing hyperloop projects before some nations even fixed their trains. But in the silent, relentless race of artificial intelligence, the city is no longer merely a stage. It’s a contender.
At the recent Dubai Future Forum, officials unveiled sweeping ambitions to integrate AI into governance, infrastructure, and education - well beyond chatbots and traffic systems. The message was clear: artificial intelligence is not a trend; it's policy.
While the West stumbles through regulatory fog and China builds behind a firewall, Dubai is capitalizing on its agility. Its centralization enables fast-track decision-making. Its tax regime attracts top-tier AI firms. Its universities are churning out machine learning experts.
But agility without ethics is a dangerous thing.
AI cannot become just another monument to ambition. It must be accountable, inclusive, and explainable. Dubai has the opportunity - and responsibility - to not just build the future, but to humanize it.
In observance of the birthday of Prophet Muhammad, municipal authorities in Dubai and Abu Dhabi have announced a series of public service adjustments, including complimentary parking and extended public transportation hours.
Dubai’s Roads and Transport Authority (RTA) confirmed that all Customer Happiness Centres will remain closed on Friday, September 5. However, smart service centers located in Umm Ramool, Deira, Al Barsha, Al Twar, and RTA’s headquarters will continue operating around the clock.
As part of the observance, all public parking in both Dubai and Abu Dhabi will be free of charge throughout the day.
Public transport services across Dubai will follow modified schedules. The Dubai Metro’s Red and Green Lines will operate on extended hours, beginning service at 5 a.m. and continuing until 1 a.m. the following day. Adjustments have also been made to bus routes, tram schedules, marine transport services, and vehicle testing centers, though specific changes were not immediately detailed.
The announcement reflects the UAE’s broader effort to accommodate public needs during religious observances, ensuring access to essential services while honoring the cultural and spiritual significance of the holiday.
Dubai has long been synonymous with architectural ambition, futuristic skylines, and bold urban planning. Now, with the city's embrace of the “20-Minute City” concept—introduced as part of the Dubai 2040 Urban Master Plan—the emirate is laying the groundwork for an urban future defined not just by scale, but by human-centric design.
The goal is clear: to ensure that 80% of residents can access their daily needs—work, school, healthcare, and leisure—within a 20-minute walk or bike ride. If achieved, this would mark a transformative shift from car-dependent sprawl toward integrated, sustainable living.
Implemented correctly, the 20-minute city model could redefine quality of life in the region. It promotes environmental sustainability through reduced emissions, supports small and local businesses, and fosters a greater sense of community. In a city where rapid growth has often outpaced public infrastructure, this policy represents a welcome recalibration.
But the promise lies not in rhetoric, but in execution. To succeed, the initiative must invest heavily in walkability, public transportation, shaded pedestrian corridors, and mixed-use zoning. Crucially, development must prioritize affordability to avoid creating a two-tiered system where only certain neighborhoods benefit.
As Dubai continues its journey toward becoming a global benchmark for livability, its leaders would do well to remember that a 20-minute city is not simply a planning goal—it is a social contract. One that must serve every resident.
Dubai’s malls have always been more than shopping venues - they’re social hubs, architectural statements, and economic engines. But now, the emirate is redefining retail with a focus on technology, sustainability, and experience.
The recently launched Dubai Mall Zabeel expansion integrates AI-driven logistics and smart parking. Meanwhile, the Mall of the Emirates is experimenting with AR and VR tech to create immersive shopping environments.
E-commerce surged post-2020, but Dubai’s malls bounced back stronger, evolving into hybrid retail-entertainment complexes. Places like City Walk, Bluewaters, and Boxpark reflect urban outdoor retail trends, emphasizing walkability and local boutiques.
Simultaneously, Expo City Dubai is being transformed into a smart city-scale innovation and retail testbed, blending sustainability with commerce - a blueprint for 21st-century shopping districts.
Dubai is making a concrete commitment to environmental sustainability.
Under the Dubai 2040 Urban Master Plan, 60% of the city’s area will be nature reserves or parks. Already, projects like Dubai Creek Harbour, Sustainable City, and Expo City Dubai are setting benchmarks in carbon neutrality, walkability, and smart grid integration.
The Dubai Clean Energy Strategy 2050 aims for 100% clean energy sources by mid-century, spearheaded by the Mohammed bin Rashid Al Maktoum Solar Park, one of the world’s largest solar installations.
Dubai is also rolling out mandatory green building codes (Al Safat), and banning single-use plastics starting in 2024. These moves place the city at the forefront of eco-conscious urbanism in the Middle East.
Photo credits: Digital Dubai
Alexander Agafiev
Alexander Agafiev is former tech contributing writer for Forbes Monaco.
Dubai has quietly transformed into one of the most vibrant culinary capitals of the world. Once dominated by international chains catering to business travelers, the city’s food scene now celebrates local Emirati flavors, immigrant cuisines, and world-renowned fine dining.
The arrival of the Michelin Guide in 2022 marked a pivotal shift. Restaurants like Ossiano, 11 Woodfire, and Tasca by José Avillez earned stars not only for excellence but for introducing global audiences to Dubai's gastronomic diversity.
Meanwhile, grassroots food culture flourishes in areas like Deira and Al Karama, where South Asian, Levantine, and Filipino flavors tell the story of the city’s multicultural backbone. Dubai Food Festival and Dubai Restaurant Week now draw tens of thousands, highlighting the emirate’s ambition to be more than a luxury dining stop - but a global culinary destination.
When Dubai Metro launched in 2009, it became the world’s longest fully automated metro system at the time - now spanning 89.3 km with two lines and over 53 stations.
Its reach into communities like Al Qusais, Jebel Ali, and now Expo City (formerly Expo 2020 site) has quietly redefined how the city breathes. It averages over 650,000 daily riders as of 2023, reflecting its vital role in reducing car dependence in a notoriously car-centric environment.
Yet challenges persist: low-income workers—especially in peripheral labor camps—remain underserved by last-mile connectivity. The expansion plans (including the proposed Blue Line, linking key suburbs) promise more integration, but also reveal lingering inequities in urban mobility.
In a city of towers, equity begins underground. The metro is not just transport - it’s public policy made steel.