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DBM Studio founder Mahsa Gholizadeh on building without investors

Large hospitality and mixed-use projects often force studios to balance creative ambition with commercial reality, reveals Mahsa Gholizadeh

Rajiv Pillai
Rajiv Pillai

19 February, 2026

DBM Studio founder Mahsa Gholizadeh on building without investors
Mahsa Gholizadeh, founder and design director of DBM Studio/Image: Supplied

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Mahsa Gholizadeh's DBM Studio in Dubai prioritizes organic, steady growth over rapid expansion, focusing on building a strong foundation, team, and client relationships. Her Iranian-Australian background informs a design philosophy blending storytelling, technical skill, and cultural sensitivity. She emphasizes maintaining creative identity, integrating commercial realities from the start, and fostering a supportive, long-term-focused studio culture.

In a city often defined by speed and scale, Mahsa Gholizadeh chose a different path. The Iranian-born, Australian-educated founder of DBM Studio built her award-winning interior design practice in Dubai organically — without investors, without rapid expansion, and without compromising creative identity.

At a time when many studios pursue aggressive scaling strategies, DBM’s trajectory has been deliberately steady. For Gholizadeh, slow growth was not a constraint but a strategic decision.

“One of the biggest challenges in building DBM organically was ensuring that we had the right resources and team in place to deliver the level of work we were entrusted with, especially in the early years,” she says.

Dubai, she adds, made that journey possible. “I feel very fortunate to have built the company in Dubai and the UAE. This is truly a land of opportunity. Once you have the will and the desire, the government creates an environment where it is possible to grow a business even without external funding.”

Choosing foundation over scale

For Gholizadeh, growth without clarity was never an option.

“For me, the decision to grow slowly was very intentional. I wanted to make sure that every step was steady and thoughtful. Even if I had access to large funding, I believe I would still have chosen a gradual path.”

That meant investing heavily in market understanding and relationships before expanding headcount or footprint. It also meant significant personal sacrifice.

“One of the real challenges was building a team that could meet my standards and deliver the quality I envisioned, while working with limited financial resources. In the first few years I had to be very hands-on and involved in every detail… There was very little work-life balance during that period.”

Because her name sits above the door, the responsibility felt personal. “My focus was always on building trust and long-term relationships, so that clients would return and grow with us.”

Gholizadeh’s design philosophy reflects her multicultural background. “Being Iranian-born and Australian-educated, and now operating in the Middle East, has had a profound influence on both my design philosophy and my leadership style.”

From Iran, she draws narrative depth and craftsmanship. “From my Iranian background, I carry a deep appreciation for storytelling, craftsmanship, and emotional connection in design… For me, design is never just about aesthetics — it is about creating spaces with soul, memory, and identity.”

Australia grounded her creativity in technical discipline. “My education in Australia added another essential dimension. It grounded my creativity in technical knowledge, sustainability, and real-world execution.”

Operating in the UAE further sharpened adaptability and collaboration. “The region is incredibly dynamic, diverse, and forward-thinking. It has taught me adaptability, cultural sensitivity, and the importance of collaboration.”

The result is a studio that seeks to bridge tradition and innovation. “Ultimately, this combination of cultures allows me to bridge different worlds — art and technology, tradition and innovation, emotion and strategy.”

Protecting identity in commercial environments

Large hospitality and mixed-use projects often force studios to balance creative ambition with commercial reality. For Gholizadeh, that tension is addressed structurally rather than emotionally.

Before launching DBM, she led the design department of a fit-out company — an experience that shaped her pragmatic approach.

“I saw many beautiful concepts that were visually strong but not buildable or aligned with the client’s budget. That experience shaped my approach very early on.”

Today, DBM integrates technical and commercial oversight from the outset. “We have an in-house quantity surveyor and estimator, and while we are developing the concept, they are already studying materials, obtaining quotations, and understanding lead times.”

This eliminates late-stage compromises. “It eliminates the need for value engineering later, which is often where design identity gets compromised.”

Rather than treating budget as a limitation, she reframes it. “We see it as a framework that guides creativity.”

In an industry increasingly influenced by metrics and analytics, Gholizadeh continues to trust instinct.

“DBM was built organically, and in many ways, it grew through intuition rather than a rigid business plan or purely analytical strategy.”

While she values data, final decisions often come from a deeper place. “The final decision often comes down to intuition — how something feels at a deeper level. I usually ask myself whether a decision makes me feel expanded or contracted.”

For her, entrepreneurship is more than commercial performance. “Business is not just about metrics. It is also a human and emotional journey.”

That mindset influences hiring and client relationships alike. “While experience and portfolio are important, they are not the first filter for me. I pay close attention to people’s energy, their mindset, and how aligned they feel with our culture and values.”

Dubai’s market is often associated with aggressive expansion. Gholizadeh offers a different definition of sustainability.

“For me, sustainable growth is about clarity, consistency, and intention rather than simply expanding as quickly as possible.”

DBM remains a boutique studio by choice, even while delivering complex large-scale projects. “Our clients care more about results and quality than the size of the studio.”

In a city that rewards speed, she believes the real challenge is maintaining identity. “In a city like Dubai, the real challenge is not speed, it’s maintaining identity while moving fast.”

As DBM gained international recognition, Gholizadeh’s role evolved beyond design.

“In the early years, I was deeply involved in every creative detail. But as the studio grew, I realised that the biggest impact I could have was not only through design, but through building the right structure, culture, and vision for the business.”

Letting go of control was one of the hardest lessons. “As designers, we are trained to be perfectionists, so trusting others with your vision is not always easy.”

She also had to strengthen commercial discipline. “In the early stages, I sometimes lost the balance between creativity and the commercial aspects of a project… Over time, I learned that for a business to grow in a healthy and sustainable way, projects also need to be commercially viable.”

Today, she sees design excellence and business discipline as mutually reinforcing. “The biggest lesson has been that design excellence and business discipline are not separate — they strengthen each other.”

Building creative endurance

Burnout remains a pressing issue in creative industries. Gholizadeh speaks openly about experiencing it herself.

“Burnout is something I experienced myself in the early years while building the business, so I am very conscious of it.”

Studio culture, she says, must prioritise psychological safety and shared ownership. “Creativity cannot exist in a stressful or fearful environment. It needs trust, psychological safety, and a sense of purpose.”

Authorship and recognition are also central. “I believe that every project is a collective effort, and I always try to give credit to the team.”

Long-term viability, she argues, applies to careers as much as buildings. “I want the people who join DBM to see a future here.”

As DBM enters its next phase, hospitality sits at the centre of its ambitions.

“We are particularly drawn to boutique hotels and design-led destinations that have character, narrative, and a strong sense of identity.”

She sees a global shift toward experiential travel. “People are increasingly looking for meaningful and memorable experiences rather than generic luxury.”

For DBM, the future lies in immersive, storytelling-driven environments. “The opportunity to create storytelling-driven hotels — spaces that feel immersive, layered, and emotionally engaging — is incredibly exciting.”

In a region defined by rapid transformation, Gholizadeh’s approach offers a counterpoint: growth grounded in identity, creativity aligned with discipline, and expansion built on intention rather than momentum.

Read: Dubai Design District reveals ambitious plan for expansion

Abu Dhabi’s Modon posts Dhs3.9bn 2025 in net profit, revenue more than doubles

During 2025, L’IMAD Holding Company, wholly owned by the Abu Dhabi government, acquired an 84.75 per cent stake in the company

Gulf Business
Gulf Business

18 February, 2026

Abu Dhabi’s Modon posts Dhs3.9bn 2025 in net profit, revenue more than doubles
Image: Supplied

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Modon Holding reported a strong 2025 with net profit at Dhs3.9bn on Dhs13.8bn revenue, driven by real estate. Adjusted EBITDA rose significantly, and real estate sales climbed. L’IMAD acquired a major stake. Modon expanded internationally with investments in London, the US and the acquisition of Arena Events Group.

Abu Dhabi-based Modon Holding posted a net profit of Dhs3.9bn ($1.06 bn) for 2025, as revenue more than doubled, the company said.

Revenue for the year reached Dhs13.8bn, up 2.1 times from 2024. The company said growth was driven mainly by its real estate division, alongside contributions from hospitality, asset management and events businesses.

Adjusted EBITDA rose 2.5 times year-on-year to Dhs4.9bn, with margins expanding to 35.2 per cent. Excluding a one-off gain booked in the prior year, net profit increased 19.9 times, the company said.

Real estate sales climbed 2.8 times to Dhs36.3bn, including Dhs29.8bn in Abu Dhabi. Modon’s revenue backlog stood at Dhs46bn at year-end, up 1.8 times from a year earlier.

Development sales accounted for 93 per cent of the backlog.

The group ended 2025 with a net cash position of Dhs1.8bn. Total assets rose 15 per cent to Dhs87bn, while total equity increased 8 per cent to Dhs55bn.

Modon was formed in February 2024. During 2025, L’IMAD Holding Company, wholly owned by the Abu Dhabi government, acquired an 84.75 per cent stake in the company.

Read: Where Abu Dhabi’s key assets land after the L’IMAD–ADQ restructure

“Building on the sustained growth momentum of recent years, 2025 marked a new phase of accelerated strategic transformation for Modon,” said Jassem Mohamed Bu Ataba Al Zaabi, chairman of Modon Holding.

He added that the group’s integrated platform across development, investment and asset management had strengthened its institutional readiness to capture opportunities locally and internationally.

“Aligned with Abu Dhabi’s ambitious long-term agenda, Modon continues to ensure its strategy supports the emirate’s broader economic development objectives,” Al Zaabi said, citing a focus on expanding strategic partnerships and reinforcing the group’s position as a global developer, operator and investor.

Real estate drives earnings

Revenue from the real estate segment rose 2.6 times to Dhs7.4bn. The company said it procured Dhs32bn in construction and consulting contracts during the year.

In Abu Dhabi, developments on Reem Island and Hudayriyat Island contributed to sales growth. In Egypt, the initial launch at Ras El Hekma generated Dhs5.8bn in sales across 2,109 units. In Spain, Modon continued land sales at La Zagaleta.

Revenue in asset and investment management rose 13.2 per cent to Dhs655m, supported by 97 per cent occupancy across owned assets.

Hospitality revenue increased 38.9 per cent to Dhs792m, with average occupancy at 71 per cent. The group’s hotel portfolio comprised 7,137 keys across Abu Dhabi, Europe and Africa at the end of 2025.

In December, Modon agreed to divest its indirect stake in Icon Hotel Investment Ltd, subject to regulatory approvals.

Events, catering and tourism revenue doubled to Dhs5.01bn. The company hosted 896 events and recorded 6.3 million visitors across its venues. The catering division served 51.6 million meals.

In May 2025, the group consolidated Arena Group, expanding its international events operations.

International investments

During the year, Modon acquired a 50 per cent stake in the 2 Finsbury Avenue development in London. It also completed the acquisition of Arena Events Group.

In the US, the company invested in Wellington Lifestyle Partners and entered a joint venture with Related Companies and Panepinto Properties to develop Harborside 4, a residential tower in Jersey City, New Jersey.

Emirates Group CFO to step down at end of June 2026

The role of chief financial and group services officer at Emirates Group oversees financial planning and analysis, reporting, treasury, risk management

Rajiv Pillai
Rajiv Pillai

18 February, 2026

Emirates Group CFO to step down at end of June 2026
Image: Michael Doersam/Linkedin

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Emirates Group's CFO, Michael Doersam, will step down in June 2026 for family reasons after nearly two decades. No successor has been named yet. Doersam, a key figure in Emirates' financial strategy, navigated periods of industry turbulence and growth. Emirates assures stakeholders that its strategic direction remains unchanged despite this leadership transition.

Emirates Group has confirmed that its chief financial and group services officer, Michael Doersam, will step down from his role at the end of June 2026, marking the end of an influential chapter in the airline’s executive leadership.

In a statement to media outlets, Emirates said Doersam has announced his intention to step down for family reasons. His successor has not yet been named, with the company saying that an announcement will be made in due course. Emirates emphasised that its strategic direction and commitment to delivering value to stakeholders “remain unchanged” despite the forthcoming leadership change.

Doersam has been one of the aviation group’s most senior executives and a key architect of its financial strategy through significant periods of industry turbulence and recovery. Reports first emerged of his impending departure in industry news outlets earlier this week.

The role of chief financial and group services officer at Emirates Group oversees financial planning and analysis, reporting, treasury, risk management and other core functions critical to the airline’s operations, especially as global travel rebounded from pandemic-era disruptions.

Doersam’s career at Emirates stretches back nearly two decades, having joined the carrier in the mid-2000s and risen through senior finance leadership positions to the executive tier. His tenure has coincided with both rapid expansion and strategic adaptation in a highly competitive global aviation market.

RH Aero opens 2,800 sqm aviation facility at Dubai South

The facility will offer inspection, testing, calibration and recertification services, alongside maintenance, repair and overhaul (MRO) of tooling and GSE

Gulf Business
Gulf Business

18 February, 2026

RH Aero opens 2,800 sqm aviation facility at Dubai South
Image: Supplied

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RH Aero Systems inaugurated a new service center at Dubai South's MBRAH, expanding its Ground Support Equipment (GSE) and tooling services across the Middle East, Africa, and India. This strategic move enhances turnaround times and provides OEM-licensed support to airlines and MROs. The facility underscores RH Aero's commitment to the region and strengthens Dubai's position as a key aviation hub.

The Mohammed bin Rashid Aerospace Hub (MBRAH) at Dubai South has inaugurated a new facility for RH Aero Systems (RH Aero), reinforcing Dubai’s position as a regional aviation services hub.

Operating under its Ready, Reliable, Relentless promise, RH Aero will use the facility as its regional hub for Ground Support Equipment (GSE) and Engine/Airframe Tooling services across the Middle East, Africa and India. The move supports the company’s expanding global service network and strengthens its footprint in the region.

The new RH Aero Service Center spans approximately 2,800 square metres and is divided into four adjacent bays of 700 square metres each. The layout has been designed to accommodate future growth and capability expansion, underlining the company’s long-term commitment to the Middle East.

The inauguration ceremony was attended by senior leaders from both organisations, including Tahnoon Saif, chief executive officer of MBRAH, and Martin Dürr, Executive Vice President, EMEAI Region, RH Aero.

The facility will offer inspection, testing, calibration and recertification services, alongside maintenance, repair and overhaul (MRO) of tooling and GSE. It will also provide proof-load testing, modification and upgrade programmes, as well as local technical support, on-site services and Aircraft on Ground (AOG) assistance. These capabilities are aimed at enhancing turnaround times and delivering OEM-licensed tooling support to airlines, MROs and OEM partners across the region.

Saif said: “The expansion of internationally recognised players such as RH Aero reflects the confidence that leading aviation partners place in MBRAH’s integrated ecosystem and contributes to our mandate of empowering the aerospace industry.”

Dürr said: “This facility will allow us to deliver faster turnaround times, OEM-aligned tooling and GSE service solutions, and enhanced service proximity to our partners across the Middle East, Africa, and India. We look forward to growing our footprint in the region in close collaboration with the Mohammed bin Rashid Aerospace Hub.”

RH Aero, through its businesses Rhinestahl and HYDRO, provides custom-designed GSE, OEM-licensed engine and airframe tooling, and operates 26 global service centres. The company serves OEMs, MROs and operators worldwide.

MBRAH, located within Dubai South, is a free-zone destination catering to airlines, private aviation companies, MROs and related industries. The hub also houses maintenance centres and training campuses, supporting Dubai’s ambition to become a leading global aviation hub.

Read: Dubai South’s Aerospace Hub ramps up facilities for global aviation players

One visit, one application: Dubai launches new unified medical screening system

The initiative, developed in collaboration with several government entities, marks a new phase in digital integration and inter-agency cooperation

Gulf Business
Gulf Business

18 February, 2026

One visit, one application: Dubai launches new unified medical screening system
Image credit: Getty Images

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Dubai Health launched 'Unified Health Screening,' integrating medical fitness and occupational health exams into a single digital application. This streamlines the residency permit process, reducing time and duplication. It fosters inter-agency cooperation, enabling faster, more accurate data exchange. The initiative, aligned with Dubai's Social Agenda 33, aims to enhance efficiency and customer experience.

Dubai Health has announced the launch of the ‘Unified Health Screening’ initiative, combining medical fitness examinations for residency and occupational health into a single application and unified customer journey, a significant milestone in the emirate’s push to streamline procedures and enhance government service delivery.

The initiative, developed in collaboration with several government entities, marks a new phase in digital integration and inter-agency cooperation. It is implemented in partnership with the Dubai Health Authority, the General Directorate of Identity and Foreigners Affairs, Dubai, Dubai Municipality, the Supreme Legislation Committee, and the Department of Finance.

Read more: How Dubai became a global healthcare convening power

The project falls under the ‘City Makers’ initiative of the General Secretariat of The Executive Council of Dubai, aimed at strengthening collaboration between government entities and delivering exceptional shared services. The move aligns with Dubai’s Social Agenda 33 and the Dubai Economic Agenda, D33, according to a Dubai Media Office report.

One unified digital journey

The newly launched service allows professionals across various sectors to apply for required health screenings through a smart digital platform. The integrated process merges medical fitness examinations and occupational health screenings into a single automated application, tailored according to the selected profession.

Under the new system, all necessary examinations can be completed in a single visit. Once medical results are finalised, residency permits are issued automatically, eliminating duplication of steps and significantly reducing processing time.

The initiative also links databases across relevant authorities, enabling faster, more accurate procedures and secure data exchange among government entities.

Officials say the streamlined model represents a major leap in enhancing efficiency, improving customer experience, and reducing administrative burdens.

Strengthening government integration

Dr Alawi Alsheikh-Ali, director general of Dubai Health Authority (DHA), said the launch reflects Dubai’s commitment to unified digital governance.

“The launch of the Unified Health Screening reflects Dubai’s commitment to strengthening joint government work through a single digital pathway that streamlines medical fitness examinations for residency and occupational health,” he said.

Dr Alsheikh Ali emphasised that the initiative automates processes while standardizing and accelerating data exchange between entities. He added that this supports preventive planning and ensures the system keeps pace with population growth and expanding economic activity.

Lieutenant General Mohammed Ahmed Al Marri, director general of the General Directorate of Identity and Foreigners Affairs, Dubai, described the new service as a reflection of Dubai’s integrated government model.

“The ‘Unified Medical Screening’ service embodies Dubai’s integrated government model, founded on institutional connectivity and seamless system integration among the concerned entities,” Al Marri stated.

He explained that GDRFA Dubai’s primary role centers on linking databases and enabling automated and secure information exchange with strategic partners.

“This ensures the availability of accurate data across all entities involved in delivering the service,” he said. “It contributes to accelerating procedures and issuing residency permits smoothly upon completion of requirements, directly enhancing the customer experience and the overall efficiency of the government ecosystem.”

Al Marri added that the integration strengthens data reliability, reduces duplication of procedures, and improves overall performance efficiency.

“It reflects GDRFA Dubai’s commitment to supporting joint initiatives that elevate the customer journey and align with the Emirate’s aspirations for smarter and more proactive services,” he said.

Boosting inspection and regulatory efficiency

Eng. Marwan Ahmed bin Ghalita, director general of Dubai Municipality, described the initiative as a strategic advancement in strengthening the emirate’s inspection and regulatory framework.

He said the launch underscores the commitment of Dubai’s government entities to delivering innovative services that enhance global competitiveness while ensuring safe and healthy working environments aligned with international best practices.

“The service marks a qualitative leap in advancing integration between government systems through unified processes and smartly connected databases,” he said.

Bin Ghalita noted that the system enables Dubai Municipality’s inspection teams to access accurate, real-time information during inspections. This, he said, ensures compliance with occupational health and safety standards, strengthens proactive prevention measures, and enhances emergency response readiness.

Elevating healthcare and service excellence

Dr Amer Sharif, CEO of Dubai Health and President of Mohammed Bin Rashid University of Medicine and Health Sciences (MBRU), highlighted the broader impact of the initiative on healthcare system readiness.

“The Unified Health Screening service marks a qualitative leap in the development of joint government services by unifying procedures and integrating systems of relevant entities,” Dr Sharif said. “This contributes to simplifying the customer journey and elevating the quality of services.”

He added that the initiative reflects collaboration under the ‘City Makers’ program and aligns with Dubai’s vision to deliver smart, proactive services.

“It contributes to strengthening the readiness of the healthcare system and reinforces Dubai’s position as a leading model in the development of integrated government services,” he said.

Service centres and expansion plans

The ‘Unified Health Screening’ service will initially be available at Dubai Health medical fitness centres across the emirate, including the Garhoud Centre, Al Nahda Centre, Al Karama Centre, Al Yalayis Centre, Bur Dubai Centre, Jebel Ali Free Zone Centre, Zabeel Centre, and Smart Salem Centres.

Authorities confirmed that additional centres will be added in the coming phase. Capacity at existing locations will also be expanded to accommodate growing demand and ensure a seamless customer experience.

The City Makers initiative was launched by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, in 2014.

The program aims to enhance cooperation among government entities and establish cross-government task forces to design and implement exceptional shared services.

How the UAE used AI and drones to sight the Ramadan 2026 moon

The UAE deployed AI, drones and six observatories to sight the Ramadan 2026 crescent within a Sharīʿah-compliant framework.

Gareth van Zyl
Gareth van Zyl

18 February, 2026

How the UAE used AI and drones to sight the Ramadan 2026 moon
Image: Getty Images

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In 2026, the UAE utilized drones and AI, alongside traditional methods, to determine the start of Ramadan. The Ramadan Crescent Sighting Committee, guided by Sharīʿah principles, analyzed data from observatories and public testimonies. This blend of technology and tradition aims for accuracy and transparency in accordance with Islamic teachings.

When the holy month of Ramadan approaches, the Muslim world looks to the skies.

In 2026, the UAE did the same: but with drones, artificial intelligence and a tightly coordinated national system working alongside centuries-old religious tradition.

The Ramadan Crescent Sighting Committee for 1447 AH, formed under the UAE Council for Fatwa, convened on Tuesday, February 17, 2026, at the historic Qasr Al Hosn in Abu Dhabi.

Chaired by Sheikh Abdullah bin Sheikh Mahfouz bin Bayyah, the committee met after Maghrib prayer to examine crescent sighting reports and determine the official start of the holy month.

The meeting was part of the council’s formal mandate to oversee crescent observation and issue official proclamations.

After Maghrib prayer, reports from field observation teams and officially accredited observatories across the UAE were reviewed, alongside testimonies submitted from different regions of the country. All inputs were assessed in line with established Sharīʿah principles and approved procedures, before a final decision was issued through official channels.

Drones and AI take centre stage

According to the Emirates News Agency (WAM), the Ramadan Crescent Sighting Committee utilised drones equipped with advanced scientific features, alongside AI systems, to analyse images captured from observatories across the country.

The technology allows for high-resolution image analysis, improving accuracy and reducing uncertainty in challenging visibility conditions — while still operating within a Sharīʿah-compliant framework.

Speaking to WAM, Dr Omar Habtoor Al Darei, chairman of the General Authority of Islamic Affairs, Endowments and Zakat, said the move reflects the committee’s commitment to the highest standards of accuracy.

The approach, he explained, combines the Shariah-based principle rooted in the Prophet Muhammad’s (PBUH) saying — “Fast upon sighting it and break your fast upon sighting it” — with the benefits of modern science and advanced technology.

“The committee’s work involved coordination between specialists and astronomers and relied on data from six observatories across the UAE, underscoring the country’s commitment to transparency and precision,” he added.

Public participation remains a key part of the process. Ahead of the meeting, the UAE Council for Fatwa invited members of the community to observe the Ramadan crescent and submit testimonies via an official electronic platform.

Crescent sighting has always symbolised unity, marking the beginning of fasting for millions.

Ramadan is also observed by nearly 2 billion people, roughly a quarter of the global population, and serves as one of the most widely practised religious rituals in Islam.

Fasting from dawn until sunset during the month is among the core acts of worship for believers, with surveys showing that the vast majority of Muslims participate in the fast and associated spiritual observances each year.

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