Dubai’s Property Problem

The video discusses the UAE's real estate market, highlighting the government's realization of the need to control supply after years of unchecked growth. A committee was formed to manage this, as the market has seen a 30% price drop since 2014. The challenge lies in balancing economic growth with supply control, as Dubai's model has heavily relied on construction and real estate. As the city matures, new growth engines are needed, focusing on attracting talent and building sustainable industries. The transition from a construction-based economy to more diverse industries is ongoing and will take time.

What strategies are being implemented to attract talent and build new industries?

What is the current state of the real estate model in Dubai as mentioned in the text?