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Dubai Hotel Mogul Habtoor Says Don’t Build More Hotels in City Updated for 2024

Updated: February 25, 2024

Nov.28 — Khalaf Al Habtoor, the Dubai billionaire who added 1,600 hotel rooms to the city through one project alone, said the market is now saturated and he’s looking to expand elsewhere. He discussed the state of Dubai economy, VAT, Visa reform, Brexit and Saudi Arabia in an exclusive interview with Bloomberg’s Manus Cranny in Dubai.