Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, invited residents to engage with the new website. Photo: Dubai Media Office
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, invited residents to engage with the new website. Photo: Dubai Media Office
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, invited residents to engage with the new website. Photo: Dubai Media Office
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, invited residents to engage with the new website. Photo: Dubai Media Office

Sheikh Hamdan launches online platform to promote Dubai community wellbeing


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Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, on Thursday launched a website called MyDubai Communities.

The digital platform will “give citizens, residents and visitors the opportunity to discover communities across Dubai that share their passions and interests,” Sheikh Hamdan said. It is intended to prioritise the well-being and happiness of all people in the emirate, he added.

The launch comes during the UAE’s Year of Community and the new platform is “another significant step towards cementing Dubai’s reputation as the best city to visit, live and work in,” Sheikh Hamdan wrote in a post on X.

“We invite everyone to actively engage with the platform and to take advantage of the many opportunities it provides to participate in community activities and events,” he said.

The new platform builds on the MyDubai project, launched in 2014 by Sheikh Hamdan to celebrate the everyday lives of people in the emirate. It was inspired by his call to create an autobiography of Dubai through social media.

The platform offers access to about 100 interest-based communities, providing users with an opportunity to join groups aligned with their passions. It offers a community gateway, which enables users to discover events and hobbies across a variety of categories. These include recreational sporting events that bring together communities such as car enthusiasts, cyclists, runners or watersports fans. The platform also features cultural and professional events, including art workshops, reading clubs and networking sessions dedicated to specific groups such as mothers and women-only communities.

As well as the Year of Community, the drive also aligns with the Dubai Social Agenda 33, which aims to position the emirate among the world’s top three cities in terms of standard of living.

What is the Year of Community?

In January, President Sheikh Mohamed declared 2025 the Year of Community. In a post on X at the time, he urged “all those who call the UAE home” to help to contribute towards “improving your community and ensuring that our nation remains an inspiring model of progress and prosperity”.

Under the slogan “Hand in Hand”, the national initiative reflects the leadership’s vision to foster a united and empowered community. “Hand in hand, we will work to strengthen social bonds, foster shared responsibility, and unlock potential for inclusive and sustainable growth,” Sheikh Mohamed wrote.

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, added that the “foundation of our nation’s strength lies in a united community, where individuals are connected, and care is extended to each other. A strong community thrives on fortified families, and lays the groundwork for a brighter future for generations to come”.

The scheme is being overseen by Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, and Sheikha Mariam bint Mohamed, Deputy Chairwoman of the Presidential Court for National Projects.

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HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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UAE currency: the story behind the money in your pockets

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UAE currency: the story behind the money in your pockets
Updated: April 03, 2025, 3:15 PM