Dubai, which already claims the world’s highest building, has set a new record with Princess Tower, which the Guinness World Records website said on Monday was the world’s tallest residential building.

“Princess Tower in Dubai, United Arab Emirates, is 413.4 metres (1,356 feet) high and has 101 storeys above ground, dedicated to residential use,” Guinness said.

W Hotels Worldwide has signed an agreement with Al Sharq Investment LLC to introduce a new W Hotel in Dubai on the Palm Jumeirah.

Set to open in 2016, W Dubai-The Palm will be located in Dubai’s most prestigious residential, leisure and tourism hub and will offer spectacular views of the island, Dubai Marina and the waters of the Arabian Gulf.

W Dubai-The Palm will feature 283 guest rooms, including 102 suites, five WOW suites and two Extreme WOW suites (W’s interpretation of a Presidential Suite).

A long-awaited undersea hotel in Dubai looks finally set to be built, after an agreement to develop it was unveiled this week.

The Water Discus Hotel won’t be totally submerged but will be a disc-like structure with part of the building above water and the rest below the surface.

The nine luxury cars that were reportedly up for sale in Dubai have been seized as part of evidence from various crimes and will not be sold.

“The one Ferrari Enzo and the other regular Ferraris are required by Interpol. So, the nine cars are not for sale,” Captain Khalid Al Kamali was quoted as saying.

This comes as a disappointment to the many Brits, Americans, Indians and Russians who reportedly asked to buy the rare Enzo Ferrari.

The world’s largest Audi showroom is scheduled to open in Dubai this November.

Located between the second and third interchange on Dubai’s Sheikh Zayed Road, it is the first multi-floor all inclusive car showroom in Dubai which has an extensive array of lifts to move display vehicles to the second and third floor.

A Saudi millionaire splurged $136,000 on a bottle of champagneat Dubai’s glitzy Cavalli club over the weekend, a UAE newspaper reported on Tuesday.

“The Saudi Arabian and his friends guzzled” a bottle of Louis Roederer Cristal in the early hours of Saturday morning, the 7DAYS newspaper said.

The vintage bottle was “one of just three believed to be available worldwide,” the paper added. The other two were for sale at nightclubs in New York and London.