Abu Dhabi has been on a $10 billion drive to draw expats to live in the city and boost tourism. It already has a Louvre and is building a Guggenheim museum. The capital of the United Arab Emirates has poured billions into theme parks, five-star hotels, luxury homes and sports complexes. Mohamed Al Mubarak, Abu Dhabi's Department of Culture and Tourism Chairman is spearheading all this and sits down with David Rubenstein for an episode of "The David Rubenstein Show: Peer to Peer Conversations." He is also the chairman of Aldar Properties, Abu Dhabi's largest property developer. Al Mubarak said he's seeing a surge in demand for homes that's being driven in large part by foreign buyers. This interview was recorded on October 31 in Abu Dhabi.
Chapters:
00:01:13 - Intro to Abu Dhabi
00:05:07 - New Museums
00:09:38 - Tourism Growth
00:11:41 - Middle East Turmoil
00:12:46 - Immigration into Abu Dhabi
00:14:23 - Al Mubarak's Background
00:17:29 - What to do in Abu Dhabi if you only have an hour
00:18:53 - Gulf Cooperation Council
00:20:09 - Residential Real Estate Issues in Abu Dhabi
00:23:19 - Final Thoughts
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