This week, Carl is joined by Daniel Richards, Senior Economist at Emirates NBD, for an in-depth look at Dubai’s economy and what lies ahead in 2025 and beyond. Together, they unpack whether the city’s extraordinary growth can realistically continue, how global politics, including the Trump effect, is influencing the cost of living, and what investors need to know about the current real estate landscape. Thinking about investing in Dubai real estate? This episode is a must-listen—discover why now might be the smartest time to make your move.
00:00 Introduction and Guest Background
00:47 Impact of Trump's Tariffs
01:57 UAE Economic Forecasts
04:21 Oil Prices and Their Effects
12:32 Dubai's Real Estate Market
18:07 Inflation and Economic Indicators
23:16 Electricity and Transport Costs
23:31 Wage Costs and Worker Leverage Post-Pandemic
24:13 Impact of Dollar Strength on Imports
24:25 CPI Basket Components and Housing Inflation
26:02 Global Trade and Tariff Impacts
26:25 Weak Dollar and Its Effects on UAE
31:12 Interest Rates and Economic Implications
35:25 Government Spending and Economic Growth
36:07 Future of UAE's Economy and Diversification
41:35 Corporate Tax and Global Trade Agreements
44:32 Conclusion and Final Thoughts
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