What the Iran War Means for Dubai's Luxury Boom
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 23 March 2026
⏱️ 62 minutes
🧾️ Download transcript
Summary
Dubai has become a huge destination for the rich, with an influx of high-net-worth residents driving up property prices and boosting the UAE's tax revenues in recent years. And of course, Gulf countries more broadly have a lot of oil wealth that they've ploughed into everything from real estate to private credit and tech. But the situation with Iran looks set to test that prosperity. In recent weeks, Iran has been attacking Gulf energy infrastructure and even launched drone strikes on residential areas in Dubai and Abu Dhabi. In this episode, we speak with Hiten Samtani long-time Dubai resident, founder of Ten31 Media, and publisher of The Promote about what's behind Dubai's luxury boom, how Gulf capital has reshaped global finance including private credit, and what life in Dubai feels like amid rising geopolitical risk.
Subscribe to the Odd Lots Newsletter
Join the conversation: discord.gg/oddlots
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Running a business means dealing with a lot of overly complicated software, and most CRMs tend to follow the same pattern. |
| 0:06.3 | They're packed with endless features you'll never use, interfaces that feel clunky, and teams end up spending way too much time just trying to find basic information. |
| 0:14.1 | Today's sponsor, PipeDrive, is a simple CRM tool designed for small and medium businesses. |
| 0:19.0 | Pipe Drive brings you entire sales processes into one dashboard, giving you a crystal clear, complete view of sales processes and customer information designed to help team stay in control and close more deals faster. |
| 0:28.6 | It all centers around the visual sales pipeline, where you can see every deal, what stage it's in, and what needs to happen next. |
| 0:35.6 | Since everything is in one platform, pipe drive is designed to unite your team, keep track of sales tasks, and stay on top of your |
| 0:41.7 | leads. Switch to a CRM built by salespeople, for salespeople, and join the over 100,000 |
| 0:47.3 | companies already using Pipe Drive. Right now, you'll get a 30-day free trial, no credit card |
| 0:52.3 | or payment needed. Just head to pipedrive.com |
| 0:54.9 | slash simple CRM to get started. That's pipe drive.com slash simple CRM. |
| 1:00.9 | Donald Trump is rewriting the Washington rulebook and reshaping the global economy. |
| 1:06.9 | If you're trying to connect the dots behind the headlines, Bloomberg's Trumponomics podcast is here to help. |
| 1:13.1 | I'm Stephanie Flanders, head of government and economics at Bloomberg. |
| 1:16.4 | Every week, I'll bring you a smart, focused conversation with reporters and experts from Washington, Wall Street and beyond. |
| 1:24.5 | Listen to new episodes every Wednesday and follow Trumponomics wherever you listen. Hello and welcome to another episode of the All Thoughts podcast. I'm Tracy Alloway. |
| 1:52.2 | And I'm Joe Wisenthall. |
| 1:53.7 | Joe, obviously there's a lot going on right now in the Gulf. |
| 1:56.6 | One of the things that's been happening is that Iran, of course, has been sending drones across the sea and over to the UAE and hitting various energy infrastructure assets. |
| 2:07.8 | But it's also been hitting some non-energy infrastructure assets such as hotels, you know, consulates, residences. |
| 2:17.4 | Right. Of course. You know, we've seen, forulates, residences. Right. |
| 2:17.7 | Of course, you know, we've seen, for example, the various strikes. |
| 2:22.3 | We're going to talk about Dubai specifically in this episode. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.