Maktoums - Trillionaire Family That Built Dubai | 2025 Documentary

The video presents a detailed history of Dubai and the Al Maktoum family, tracing their journey from a small fishing village to a global metropolis. 

It emphasizes that Dubai's success is not primarily due to oil, but rather a combination of strategic leadership, ambition, and entrepreneurial spirit (0:01).

 Here's a breakdown of the key periods and transformations: 

 Humble Beginnings and Early Leadership (0:43-6:12): The family's connection to Dubai began in 1833 when two cousins, Obed bin Sed and Maktum Bimbuti, led their people north after a massacre and settled by a small creek, a place that soon became known as Dubai (3:16 - 4:03). The video describes them as a family "defined by ruthless ambition and surgical efficiency" (0:27). 

Throughout history, their leaders, such as Shikh Maktoum bin Hasher al-Maktum (6:21), Shikh Rashid bin Sahed al-Maktum (16:32), and Shikh Muhammad bin Rashid al-Maktum (28:40), have been instrumental in transforming Dubai from a humble fishing village into a global force (0:09 - 0:14). The video emphasizes that their leadership, characterized by "discipline and bold risk-taking," has been the secret to Dubai's enduring success (37:40 - 38:07). 

Dubai started as a nameless fishing village (0:48) settled by the Al Bu Falasa branch of the Bani Yas tribe after a massacre in Leewa in 1833 (2:47-3:06). Under the early Maktum rulers, the settlement gained security through the General Maritime Treaty with Britain in 1820 (5:26). 

The Freeport Revolution (6:16-9:07): Shikh Maktoum bin Hasher al-Maktoum (6:21) implemented a bold policy in 1894, abolishing customs duties (7:41), which attracted traders and migrants, especially from Persia (8:40), turning Dubai into a magnet for commerce (7:58). 

Pearling Boom and Collapse (9:10-12:15): The pearl industry became the backbone of Dubai's economy in the early 1900s (10:17). However, the introduction of cultured pearls from Japan by Koki Mikimoto (10:49) caused the natural pearl market to collapse (11:32), devastating Dubai's economy. Stagnation and the Search for Oil (12:24-16:27): The collapse of pearling led to economic ruin and political unrest, including a second massacre in 1939 (14:14). Despite the discovery of oil in neighboring regions (15:04), Dubai's early oil exploration attempts failed (15:53). 

Rashid's Vision and Infrastructure Development (16:32-26:58): Shikh Rashid bin Sahed al-Maktoum (16:32) took power in 1958 and initiated the dredging of the Dubai Creek (18:05), revitalizing trade. The discovery of offshore oil in 1966 (24:19) provided the necessary funds for massive infrastructure projects like Port Rashid (25:35), the World Trade Center (25:54), and Jebel Ali Port (26:27), transforming Dubai into a major shipping center.

 Formation of the UAE and the Gold Trade (19:10-23:02): The video highlights Dubai's role in the formation of the United Arab Emirates in 1971 (23:02) following Britain's withdrawal from the region (21:33). During this period, Dubai also became a secret hub for gold smuggling to India (19:57), earning it the moniker "City of Gold" (27:00). 

Diversification and Global Ambition (28:35-31:14): With flattening oil revenues, Shikh Muhammad bin Rashid al-Maktoum (28:40) spearheaded the creation of the Jebel Ali Free Zone in 1985 (29:11), attracting foreign investment by offering tax-free operations and full ownership. 

The Boom and Financial Crisis (31:23-35:54): Under Shikh Muhammad, Dubai embarked on ambitious projects like Burj al Arab (32:10), Palm Jumeirah (32:25), and the Burj Khalifa (32:42), fueled by massive debt (33:01). The 2008 global financial crisis (33:50) hit Dubai hard, leading to a debt crisis for Dubai World (34:00) that was eventually resolved by a $10 billion bailout from Abu Dhabi (35:05). Recovery and Future Plans (35:59-38:07): After the crisis, Dubai initiated the Dubai 2040 urban master plan (36:25) to further global relevance. The video concludes by emphasizing that Dubai's enduring success is attributed to its strategic leadership and continuous reinvention, with oil now contributing less than 1% of its GDP (37:17).