By Lin Noueihed
Sheikh Mohammed also appoints brother and other son Sheikh Maktoum deputy rulers.
Sheikh Mohammed on Friday named his British-educated son Hamdan crown prince of Dubai, state news agency Wam reported.
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, also appointed his brother - named Hamdan as well - and his other son, Maktoum, as deputy rulers of Dubai, the news agency reported.
Sheikh Hamdan, 25, is head of the emirate's Executive Council, which runs Dubai's political and financial affairs and which outlined an ambitious development strategy last year.
Born in November 1982, Sheikh Hamdan began school in Dubai before moving to Britain, where he graduated from the elite Sandhurst military academy.
His father Sheikh Mohammed became ruler of Dubai in early 2006 after the death of his brother.
Dubai, a desert emirate that has long served as a commercial port, has placed itself on the international map in recent years by embarking on mega-projects.
These include the construction of the world's tallest building and three palm-shaped islands off its coast as well as an archipelago shaped liked a map of the world. (Reuters)