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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