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Sneak peek into Dubai villa sold for Dh102.8m in Emirates Hills

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Dubai: Phoenix Homes has brokered a deal for a villa in the Emirates Hills community for a price of Dh102.8 million – the highest value deal in the community this year. It is also the second highest ever sale value for the area.

Myles Bush, a founding partner in the company and an experienced property expert, sealed the deal between the seller from Malta and the buyer, an Indian.

The villa is on a plot of some 38,000 square feet, typical of the prestigious, exclusive gated community’s property
offerings. Emirates Hills is one of the city’s most well-established and upmarket neighbourhoods, featuring an array of unique, mansion-esque villas situated on leafy streets surrounding the Montgomerie Golf Club.

The sprawling mansion has a built-up area of more than 20,000 square feet, and backs onto the golf course. The property features floor-to-ceiling windows, five huge bedrooms, a private cinema, a swimming pool and a gym.

“This sale underlines the positive growth trajectory we are seeing in local real estate – and also serves to cement Phoenix Homes’ reputation as one of the top agencies in the city’s vibrant luxury segment.”

It also helped that Bush has a track record for big deals in the community as well as familiarity with the seller. “This is another notch in my career progression. I was behind the largest villa sale of 2017, the largest lease ever recorded in 2018, and the largest land sale of 2019. I’ve worked with the seller before, and both parties were wonderful people to deal with. We have no doubt that future business will be done with both parties.”

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Myles and the team have another reason to celebrate as the sale was concluded on the company’s first anniversary. Phoenix Homes claims to give its team of 18 experienced brokers complete freedom to work how and where they like, with an 80% commission model.

This extraordinary model goes against the regional norm – splitting commission 50/50 between the agent and the agency. Myles will receive a hefty 7-figure commission for his latest sale deal. And while some US models charge brokers for desks and marketing, Phoenix offers workspace for those who want it, and leaves each broker to decide if they want to contribute to marketing of their property portfolio.

Operating from a 3,000 square feet office in Barsha Heights with an admin team, the company carries clout in the local markets – underlined by this record-breaking deal.

Brokers joining the agency can choose to spend some of their commission on promoting their portfolio on Phoenix Homes’ channels if they wish. They can also promote their properties via whichever methods they know work best for them, without paying money into the firm.

Phoenix Homes offers sales and lettings of both residential and commercial properties in Dubai and Abu Dhabi, and plans to swiftly open a UK office to assist in international property negotiations.

Business

Zoftware’s Aayushman Dalmia wins Innovation Excellence award at Ignyte SME Challenge

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Aayushman Dalmia, founder of Dubai-based startup Zoftware, has won the Innovation Excellence Award at the Digital Enablement of SMEs Challenge. The event, hosted by the Ministry of Artificial Intelligence of UAE and Ignyte, positions Dalmia for further growth as he continues his mission to simplify software discovery for small and medium businesses across the region.

Dalmia’s platform, Zoftware, has been steadily gaining traction in the MENA startup ecosystem for offering a streamlined approach to finding, comparing and selecting enterprise software solutions – a process that remains a hurdle for many growing businesses.

“This award is a testament to the need for simplifying tech access for SMEs,” said Dalmia, who has been named among Forbes Middle East’s 30 Under 30 entrepreneurs in the past. “Our goal has always been to bridge the digital divide by helping businesses make faster, more informed software decisions.”

The challenge is part of a wider push to accelerate SME digitisation across the region — an agenda that aligns closely with both government and private-sector priorities in the UAE.

Aimed at recognising impactful solutions that accelerate SME digital transformation, the challenge, held recently in Dubai, drew hundreds of high-potential founders from across the MENA region. Dalmia impressed the jury with his platform’s clear value proposition and scalable vision—matching SMEs with the right digital tools through a curated marketplace backed by intelligent filters, user reviews, and guided discovery.

“This award validates everything we’ve been building at Zoftware for the past couple of years or so,” said Dalmia, speaking after the ceremony. “Technology shouldn’t be a hurdle—it should be a launchpad. We’re making it easier for SMEs to make smart digital decisions without needing an IT degree.”

With this latest recognition, Zoftware joins a growing list of Dubai-born startups gaining international visibility, reinforcing the city’s position as a launchpad for regional innovation.

A Track Record of Disruptive Innovation- 

Zoftware has been making headlines since its launch for its ambitious aim: to become the region’s go-to platform for B2B software discovery. In 2024, the company was recognised by TechRadar MENA as one of the “Top 10 Startups to Watch” in the SaaS enablement space.

Under Dalmia’s leadership, Zoftware has grown rapidly, onboarding hundreds of software vendors and serving SMEs in sectors ranging from logistics and retail to health and education.

Beyond the Prize: A Strategic Boost- 

“We’re at a tipping point now,” Dalmia added. “This support will help us go deeper in key markets and integrate more AI-driven features to guide SME software choices. Our roadmap includes multi-language access, fintech tools, and region-specific integrations.”

Digital Enablement: A Regional Imperative-

As the UAE and wider Gulf continue to prioritise SME growth as a cornerstone of economic diversification, platforms like Zoftware are stepping in to close the tech literacy and access gap. According to a recent report by the World Bank, nearly 75% of SMEs in the MENA region still lack structured digital infrastructure – a gap Zoftware aims to close.

“We’re not selling software – we’re selling clarity, confidence, and capacity,” Dalmia said.

“If we get this right, we unlock not just productivity, but resilience and long-term competitiveness for thousands of businesses.”

With the Innovation Excellence Award now under its belt, Zoftware is poised to scale further and cement its role as a key enabler of SME digital transformation in the region.

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UAE announces fuel prices for June 2025

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The UAE fuel price committee on Saturday announced petrol and diesel prices for the month of June 2025.The Fuel Prices Monitoring Committee has kept the prices unchanged from the month of May.

Super 98 petrol will cost Dh2.58 a litre, compared to Dh2.58 a litre in May, while Special 95 will cost Dh2.47 a litre, compared to Dh2.47 a litre the previous month.

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E-Plus category petrol will be available for Dh2.39 a litre, compared to Dh2.39 a litre in May, while diesel will now cost Dh2.45 a litre, compared to Dh2.52 a litre the previous month.

The UAE deregulated fuel prices in 2015, aligning them with market fluctuations.

Fuel prices in the UAE are tied to movements in the global oil market, which has experienced significant volatility since the beginning of the year.

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Indian cricket icon Virat Kohli invests in Dubai-founded World Bowling League to take the sport global

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India’s cricket superstar Virat Kohli has become an investor in the World Bowling League (WBL), a Dubai-founded initiative set to reinvent bowling as a fast-paced, global spectator sport.

Kohli joins Major League Baseball (MLB) icon Mookie Betts as a high-profile partner in the WBL, which was launched by Dubai-based entrepreneur Adi K. Mishra. The league is reimagining the traditional game with a dynamic format featuring mixed-gender teams, international tournaments, and a modern media-first approach aimed at younger audiences.

With franchises expected in Dubai and other global cities, the WBL plans to host 12 to 15 tournaments annually across the United States, Europe, and Asia, as part of its ambitious five-year growth plan.

“When I discovered Virat is also a bowler, it was exciting to align with this new-age vision for the sport,” said Mishra, founder and CEO of League Sports Co.

Kohli, one of the most followed athletes in the world on social media, revealed a long-standing personal connection to the sport.

“I started bowling when I was 11 years old,” Kohli said. “It’s clear how popular the sport is, yet it remains underappreciated as a business.”

The 36-year-old’s global influence and passion for sport are expected to significantly boost the league’s visibility and credibility as it enters its debut season. The WBL aims to position bowling not just as a recreational activity but as an engaging, competitive, and commercially viable sport with global appeal.

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