Ferrari Magazine has released a teaser image of a new one-off model, which is going to be built for Cheerag Arya, a 32-year old businessman from Dubai.

When he was a little boy, he fell in love with Ferrari after seeing a South American football player with an F40 in a magazine.

It was only after he moved to Dubai, six years ago, that he actually bought his first Ferrari, a 575M Maranello – but that was quickly followed by a 430 Scuderia, along with an Enzo, a Daytona, a 599 GTO and, at last, the F40 that started it all.

A UK confectionary firm, Bloomsbury, has unveiled the world’s most expensive edible cupcake in its Dubai café.

Named The Golden Phoenix, the cake costs Dhs3,700 ($1,010) thanks to a list of ingredients such as Italian chocolate and 23-carat edible gold sheets.

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.