This podcast episode explores the development of mega-cities in the Middle East, particularly in northern Egypt, and the booming ultra-luxury real estate market. It delves into the motivations and challenges faced by developers, the competitive nature of the market in Dubai, and the role of rule of law and branded properties. The episode also discusses the globalized nature of the market, potential risks and rewards, the emergence of a new class of brokers, the trend of buying large tracts of land, and the appeal of tax havens for the ultra wealthy.
