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Sheikh Hamdan launches Dubai Founders HQ: One-stop hub for startups

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Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, on Monday launched Dubai Founders HQ, a groundbreaking initiative that consolidates the emirate’s entire startup and SME ecosystem under one roof.

The first-of-its-kind “phygital” platform combines a state-of-the-art physical campus at One Central, Dubai World Trade Centre, with a comprehensive digital ecosystem connecting founders, investors, corporates, and enablers.

The mission: 30 unicorns by 2033

Dubai Founders HQ directly supports the ambitious Dubai Economic Agenda D33, which aims to:

  • Scale 30 unicorns (startups valued at $1 billion+) from Dubai
  • Enable 400 SMEs to grow by 2033
  • Position Dubai as a global innovation powerhouse

“In Dubai, entrepreneurship is considered a key engine of comprehensive and sustainable development,” Sheikh Hamdan said during his visit to the new campus. “Supporting entrepreneurs is an investment in human potential and in our society’s capacity to innovate and move confidently towards a more prosperous future.”

More than 25 powerhouse partners already on board

More than 25 leading organisations spanning venture capital, financial services, government entities, telecommunications, and innovation hubs have joined the platform, including globally renowned ecosystem builders Endeavor and Plug and Play.

This isn’t just another co-working space, it’s a fully integrated support system designed to take startups from ideation to market leadership.

What founders actually get

Physical campus perks:

  • State-of-the-art co-working spaces
  • Event facilities and meeting rooms
  • Open collaboration areas
  • Curated networking events and workshops
  • Local art showcasing Dubai’s creative spirit

Digital platform access:

  • Curated learning library
  • Consolidated repository of Dubai’s startup ecosystem
  • Data-driven insights and connections

End-to-end services:

  • Sector-specific acceleration programmes
  • Expert mentorship and advisory
  • Direct investor access
  • Business setup and licensing support
  • Global ecosystem connections
  • Tailored venture building partnerships

Hub-and-spoke model

Dubai Founders HQ acts as the “gravitational centre” of Dubai’s innovation landscape, seamlessly connecting with free zones, accelerators, and incubators across the emirate.

Think of it as the central nervous system coordinating Dubai’s entire entrepreneurial ecosystem – eliminating fragmentation and creating a streamlined entry point for founders at every growth stage.

Strategic vision

Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, called the launch “a significant milestone in our journey to position Dubai as a global hub for digital entrepreneurship.”

Helal Saeed Almarri, Director General of Dubai Department of Economy and Tourism, emphasised the collaborative approach: “In bringing together government entities, corporates, and investors, we are creating a self-sustaining engine for innovation.”

Why it matters

For startups: Unparalleled access to expertise, funding, and support in one location

For investors: Direct pipeline to Dubai’s most disruptive businesses and talent

For corporates: Innovation partnerships and access to cutting-edge solutions

For Dubai: Accelerated path to becoming a global startup capital

Global gateway

Dubai Founders HQ also serves as an entry point for international startups and SMEs looking to access Middle Eastern markets, offering comprehensive guidance on business setup and ecosystem navigation.

Navigating bureaucracy

Dubai has consolidated years of entrepreneurial infrastructure development into one powerful platform. For founders, this means less time navigating bureaucracy and more time building world-class companies.

“Many startups have begun their journey in Dubai and grown to reach global markets,” Sheikh Hamdan noted. 

“Our aim is to make the city a platform where bold ideas can flourish and scale up.”

With 30 unicorns in its sights and an ecosystem now operating in unison, Dubai Founders HQ isn’t just supporting startups, it’s engineering them at scale.

Location: 25Hours Hotel, One Central, Dubai World Trade Centre
Partners: More than 25 venture capital firms, financial institutions, government entities, telcos, innovation hubs
Model: Physical campus + digital platform = “phygital” ecosystem

With over 35 years of experience in journalism, copywriting, and PR, Michael Gomes is a seasoned media professional deeply rooted in the UAE’s print and digital landscape.

Business

What Abu Dhabi’s New rent freeze means for tenants and landlords

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Thousands of tenants across Abu Dhabi are set to benefit from a major housing relief measure after the emirate announced a temporary freeze on rental increases for residential, commercial and industrial properties.

The decision, which takes immediate effect, means landlords will no longer be able to increase rents when renewing existing tenancy contracts. The measure will remain in place until further notice, according to the Abu Dhabi Real Estate Centre (ADREC).

Under the new directive, all tenancy contract renewals will be processed with a zero per cent rent increase. In addition, any new lease signed for a previously rented property must be offered at the same rental value as the most recent tenancy contract, preventing landlords from raising prices between tenants.

The move marks a significant shift from existing regulations, which previously allowed annual rent increases of up to five per cent under specific conditions. The temporary freeze is expected to provide immediate relief for residents and businesses facing rising living and operating costs.

What it means for tenants

For tenants approaching lease renewal, the change offers greater financial certainty. Regardless of whether the property is residential, commercial or industrial, the rental value recorded in the previous contract will serve as the reference rate during the freeze period.

The decision is particularly notable given the strong growth seen in Abu Dhabi’s property market over recent years. Rental prices in several areas have recorded significant increases as demand for housing continued to rise alongside population growth and economic expansion.

Focus on market stability

The rent freeze comes as Abu Dhabi continues to strengthen transparency and regulation within its real estate sector. In recent years, the emirate introduced its official rental index and expanded digital property services through platforms such as Tawtheeq, helping both landlords and tenants access clearer market information.

Industry observers view the latest measure as part of broader efforts to support market stability while protecting residents during a period of regional uncertainty.

While authorities have not specified an end date for the temporary measure, ADREC confirmed that the freeze will remain in effect until further notice.

For many tenants across the capital, the announcement delivers a welcome pause in rental costs and greater predictability when planning household and business budgets in the months ahead.

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UAE fuel prices for June announced: Petrol edges closer to Dh4 a litre

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The UAE announced revised fuel prices for June 2026, with motorists set to pay significantly more for petrol while diesel costs decline compared to the previous month.

The latest adjustment is particularly notable as it marks the country’s first monthly fuel pricing update since formally leaving both OPEC and OPEC+ earlier this year.

Beginning June 1, Super 98 petrol will be priced at Dh3.95 per litre, up from Dh3.66 in May. Special 95 will rise to Dh3.83 per litre from Dh3.55, while E-Plus 91 will increase from Dh3.48 to Dh3.76 per litre.

In contrast, diesel users will benefit from a reduction, with prices falling from Dh4.69 per litre in May to Dh4.33 in June.

The latest increase extends a three-month upward trend in petrol prices, reflecting ongoing volatility in global energy markets and fluctuations in crude oil prices.

Impact on residents

For households across the UAE, fuel price movements remain a key economic indicator, influencing transportation costs, daily commuting expenses and overall household budgets. Rising petrol prices can have a noticeable impact on monthly spending, particularly for residents who rely heavily on private vehicles.

The June pricing announcement comes just weeks after the UAE officially ended its six-decade membership in OPEC and OPEC+, a move that took effect on May 1, 2026.

The revised prices will come into effect from June1, 2026.

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Business

UAE waives Dh834 million in debt interest for low-income retirees

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In a major humanitarian initiative announced ahead of Eid Al Adha, the UAE has approved the cancellation of accumulated interest and profit charges on loans owed by low-income retirees across the country.

The financial relief package, launched under the directives of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and closely followed by Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, is being implemented by the Defaulted Debts Settlement Fund in partnership with several UAE banks. 

Valued at more than Dh834 million, the initiative is designed to ease financial pressures on 2,339 senior citizens while strengthening social stability and supporting family wellbeing across the country.

The initiative specifically targets Emirati retirees aged 50 and above who fall within limited-income categories.

Under the mechanism announced, participating banks will waive future interest and profit charges on outstanding loans while beneficiaries continue repaying only the original loan amount through flexible payment schedules.

Among the banks contributing to the initiative, Abu Dhabi Commercial Bank Group accounted for the largest share at Dh655 million, followed by First Abu Dhabi Bank with Dh150 million. Abu Dhabi Islamic Bank contributed Dh18.5 million, while Emirates NBD Group and Emirates Islamic Bank jointly provided Dh6.7 million.

Other participating institutions included Dubai Islamic Bank with Dh2.3 million, Commercial Bank of Dubai with Dh792,000, Sharjah Islamic Bank with Dh716,000 and the National Bank of Ras Al Khaimah with Dh566,000.

Officials confirmed that beneficiaries will be contacted directly by participating banks and financial institutions regarding the implementation process and revised repayment arrangements.

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