How Dubai Really Became Rich (The Incredible Story Behind the Desert Metropolis)
Episode notes
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In this episode, Eugen Zimbelmann shows you how a small trading settlement on the Persian Gulf transformed into one of the world’s most famous metropolises within just a few generations. It is not just about oil, the Burj Khalifa, or spectacular construction projects. We examine the decisions made by the Al Maktoum family that shaped Dubai: from early free trade and the expansion of Dubai Creek and Jebel Ali to the creation of free zones, Emirates airline, international financial structures, and the massive real estate boom. You will also learn why the collapse of the pearl trade hit Dubai hard, why Sheikh Rashid took enormous financial risks for the city’s infrastructure, and how Dubai itself came dangerously close to a massive debt crisis during the 2008–2009 financial crisis.Anyone living, investing, or buying property in Dubai today usually sees only the end result. This episode reveals how this system came to be—and why Dubai’s past offers surprising insights into the city’s potential future development.
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