Latifa, 33, who is said to have vanished alongside American Herve Jaubert, instructed her US-based lawyer to circulate the video in the event of her death or disappearance.
The bare-faced Latifa, who speaks directly to the camera, can be seen wearing a simple blue top with her hair tied back.
Giving a harrowing account of her life as a member of Dubai's royal family, she says: "I am making this video because this could be the last video I make."
"Pretty soon I'm going to be leaving somehow I'm not sure of the outcome, but I'm 99 percent positive this could work."
Latifa reportedly sent her last WhatsApp message to her UK-based representative, Radha Stirling, on Sunday, March 4, from a US-registered boat at least 50 miles from India's coastline, NDTV reported.
She told Stirling: "Radha, please help me, there are men outside," before claiming to hear gunshots.
Stirling asked Latifa to record the gunshots, but she did not reply.
Stirling said Latifa first got in touch with her firm, Detained in Dubai, on Feb. 26, claiming she escaped Dubai, where she was tortured for helping a sibling who also ran away.
Latifa said her older sister fled because she was "not allowed to make choices for her future."
She said her sister was denied choices that some people would take for granted - like driving a car or returning home at a certain time.
Latifa said she is one of Sheikh Mohammed Bin Rashid Al Maktoum's 30 children, in a bid to verify the video.
She claimed that by the time people watched the chilling video, she could either be "dead or in a really bad situation."
According to the UK Met Police, information about the duo has been forwarded to the National Crime Agency and Interpol for them to investigate.
Sun Online has contacted the government of Dubai for comment on Latifa's claims.
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