There is a good report on the first couple of rounds of the Dubai Open over at chess.com So much so that there is no need for me to repeat the salient details. However there was one interesting point in the report, about the make up of the field. Over the last 15 years International Opens have become more attractive to top GM's with events like Qatar Masters and Gibraltar attracting 2700+ and even 2800+ GM's. However the Dubai Open has not done that (no 2700+ players) but has instead attracted 46 Grandmasters, with 24 players rated between 2600 and 2700.
To me this is still impressive, as such fields still provide both competition and entertainment. Anyone in that group of 2600+ players would conisder themselves a chance of taking the top prize, and this should lead to an interesting tournament. In the next group down, the usual incentives are aslo there, with rating points, title norms, and prize money all being important.
As for local interest, IM Moulthun Ly is one of 3 Australians taking part, and he has started with 2.5/3. Also playing are IM Vladimir Feldman and IM Irina Berezina. Feldman has also had a good start, scoring 2/3 including a win over IM Krshna (2404).
Apart from following the event via chess.com, you can also see up to date coverage from the tournament home page.