How did Dubai get so rich? | CNBC Explains

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  • เผยแพร่เมื่อ 9 ก.พ. 2018
  • Dubai is a global business hub and luxury tourist destination that boasts the world’s tallest building and a police force that drive supercars. So how did it get so rich?
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ความคิดเห็น • 2.2K

  • @asifrocksful1
    @asifrocksful1 5 ปีที่แล้ว +1575

    Having lived in Dubai for several years and having been in a relationship with a white girl, I've seen both sides of the equation. I am Indian by the way.
    Your salary in Dubai is almost always tied to your nationality/race. Unless you are in a company that prides itself in being an equal opportunities style of employer, you will definitely get paid lesser than colleagues from more developed countries.
    But this distinction doesn't just apply to brown vs. white or black vs. arab, etc. My girlfriend (Spanish) was at a director level position of a small startup. One of her subordinates was British. Subordinate was paid more than the director. It happens in Dubai.
    Salary segregation in Dubai leads to racial segregation for the most part. Different people can afford to do different things. I'm not sure if these rough tier's apply for general salaries in Dubai but here's where you stand in the 'nationality pay scale':
    1. British/American
    2. Arab from Saudi/Oman/UAE/etc.
    3. Other Western Europeans (Germany/Portugal/France/etc.)
    4. Lebanese
    5. Malaysian/Thai/Other more developed Asian countries (Taiwan for example..)
    6. Filipino/Indian
    7. Pakistani/Bangladeshi/Syrian (country with any level of turmoil/desperation)
    8. African countries
    I might have messed up some of the tier's above but this is pretty much how it works. Uncontrolled, unregulated capitalism. The basic rule in this entirely racist scheme appears to be that you can expect to be paid about twice of what you may earn in your own country. Hence, the economic development of where you come from greatly affects the final salary you may be able to negotiate.
    Of course, as most Indians in Dubai are blue collar workers (they get treated very badly, by the way), you will pretty much be regarded as 'poor'. Even if you aren't. It's just a very prevalent stereotype in the arab world. White = Rich. Brown = Poor.
    There are plenty of broad minded people in Dubai, no doubt about that at all. You'll be able to find friends who don't wear their race on their sleeves. You'll meet several people who will also look at you weird if you're brown and in a 'posh' place. You may also be denied entrance into some clubs, etc.
    Dubai is racism at it's finest. There is no hidden racism in Dubai. Maybe that could be seen as a small positive. It's all blatant in your face, you suck because of your skin color kind of racism.
    But you're asking about how it's like. If you can get past all the blatant racism, you'll earn a higher salary than India and may lead a good lifestyle. I would've definitely counted myself as upper middle class in Dubai but I would not go back there for a million dollars.
    There were times where me and my girlfriend went out for dinner and the staff were all "Hello Ma'am, how are you today Ma'am ?" and I'd joke with her "What about Sir ?". Once at this restaurant called Fuddruckers where you order burgers and once they arrive you can go and fill up some toppings at a 'toppings bar' the lady came up and said "Ma'am you can now go and get some toppings". We were there, 5 Indian guys, and 1 white girl. I looked at my girlfriend and said "Baby, I guess you should pick up some toppings for us too". We all laughed and went to get toppings, but this is pretty much commonplace. There were times we even got sick of this kind of behavior. Once in Caribou Coffee I was there with my girlfriend and two other white ladies. I was standing right across the cash counter, waiting to order for everyone when the lady at the counter looked to my left (where the white people were sparkling in the sunlight, excuse my sarcasm) and said "Good afternoon Ma'am, what would you like to have ?"). My girlfriend got so annoyed she said "And good afternoon Sir, no ?". That shut her up.
    Some people like to downplay racism in Dubai but having been with someone of a different race, I got to see it in a very blatant but technical A/B testing sort of way.
    I've traveled and lived in about 40 countries. I've never been to a country more openly racist than the UAE so far. (I haven't lived in any other arab countries though..)
    I have to add though that racial violence isn't a part of the equation at all. I never felt unsafe (well, brown people outnumber everyone else in Dubai..), or even, threatened in any way. For an Indian, you'll just have constant not-so-subtle 'reminders' that you are 'inferior'. If you can deal with that (and the millions of Indians in Dubai certainly seem to be able to deal with it..) then Dubai will be fine for you.

    • @malikkelly
      @malikkelly 5 ปีที่แล้ว +250

      Asif Ahmed I read all of this. It’s really sad that people still live this way

    • @asifrocksful1
      @asifrocksful1 5 ปีที่แล้ว +96

      @@malikkelly Yeah!!! This is the harsh reality which nobody dares to speak of. By the way are you half Asian and half Westerner? Guessing by your name.

    • @popzain3061
      @popzain3061 5 ปีที่แล้ว +25

      *100 True*

    • @ganeshchelluboyina
      @ganeshchelluboyina 5 ปีที่แล้ว +289

      Most informative TH-cam comment I've ever read!

    • @becksurinboev4093
      @becksurinboev4093 5 ปีที่แล้ว +67

      Bro. They really dont care a lot. It is just english. They want nativr englisb speakers come and stay in the country like a lot of asian countries. I know a lot of indian guy who get paid a lot. Indians are one of best investors. Only the ones who have no education are working in construction maybe. I believe UAE giverment rakes care of their own people. Let you government takes care of you. UAE and India have agreement and ussually indian boss does pay half of the money what he get from employers. And by the way mostly companies are foreign. They are not locals.

  • @Outlawz1971
    @Outlawz1971 5 ปีที่แล้ว +1211

    I was really rich but after a month vacation in Dubai I became bankrupt 😂

    • @telltrue491
      @telltrue491 5 ปีที่แล้ว +95

      Then stop called your self rich...

    • @sumax-nz1je
      @sumax-nz1je 4 ปีที่แล้ว +25

      Actually yr wrong Dubai is cheap

    • @velocicraig4320
      @velocicraig4320 4 ปีที่แล้ว +46

      @@telltrue491 was

    • @zikpuiithlohthang7611
      @zikpuiithlohthang7611 4 ปีที่แล้ว +2

      I dnt thnk so...

    • @user-gu6ls1tm2v
      @user-gu6ls1tm2v 4 ปีที่แล้ว +6

      Hhhh, you can't control in yourself.
      😁😂😂

  • @cup_and_cone
    @cup_and_cone 6 ปีที่แล้ว +88

    In summary: While Dubai lacks oil, Dubai was the place where people with oil money decided setup business.

    • @Thaddeus-ml8if
      @Thaddeus-ml8if 7 หลายเดือนก่อน

      They used the money they got from the oil discovered in 1966 to fund their projects allowing them to get rich. You think without the oil money they would be able to fund all those projects and lure investors in?

    • @stepupthriftingstore7024
      @stepupthriftingstore7024 5 หลายเดือนก่อน

      ​@@Thaddeus-ml8ifyes they made better use of their oil

    • @tvdylan
      @tvdylan หลายเดือนก่อน

      classic business, utilise the wealth of others. and they can thank all the hard working construction site workers !

  • @dominic4981
    @dominic4981 6 ปีที่แล้ว +178

    Ive just finished my one week trip in UAE and i can day that Dubai is a cheat code.That place keeps building,building and building.Not planning to stop anytime soon

    • @Oybek1207
      @Oybek1207 6 ปีที่แล้ว +14

      So it's good! Hope to see more amazing buildings soon all over the UAE!

    • @jk35260
      @jk35260 4 ปีที่แล้ว +1

      At some point, Dubai will crash as it becomes more and more difficult to sustain.

    • @kepodehandah07
      @kepodehandah07 4 ปีที่แล้ว +4

      @Scarly Al Bloushiit's means qiamath

    • @shivesh525
      @shivesh525 4 ปีที่แล้ว +9

      Oybek Niyazov buildings need to match with demand for development. Or, like Dubai right now, 50% of all properties are vacant. This seems pointless and they’re digging their own grave.

    • @rahulaby890
      @rahulaby890 2 ปีที่แล้ว +1

      @@jk35260 sustain what mate? they have tax free earning, enough to attract third worlders like me.

  • @ozzyfromspace
    @ozzyfromspace 6 ปีที่แล้ว +328

    Wow, we can learn a lot from Dubai's incredible success! I'm from the Republic of Zambia, in Southern Africa. We hold the second largest copper mine in the world, yet are the 10th or so poorest country on Earth. Natural resources will only take you so far. Sustainable economics requires a more innovative, open mindset, and the UAE is a shining demonstration of this reality. In college, my roommate, a close friend, and I once had a debate about what policies were holding the country back economically, and I remember him (my roommate) saying, "...it's not about what's right or wrong. It's about what works." I'm sure there's something worth learning here. Wonderful video, CNBC International, I found it very insightful. Greetings from Michigan!

    • @ballsack6470
      @ballsack6470 5 ปีที่แล้ว +23

      There's definitely something worth learning here. Copper is a cheap resource that is available in abundance. Crude oil and gas are not. Not all natural resources are created the same. Maybe take notes from the country you live in on how to build the world's largest economy rather than looking for lessons from an Arab shithole with an uneducated populace that needs foreign labor to get anything done.

    • @taraeksperimenttayo8531
      @taraeksperimenttayo8531 4 ปีที่แล้ว +2

      It is because of international politics that made some country poor

    • @nutzhazel
      @nutzhazel 4 ปีที่แล้ว +7

      Your government didnt tie those mining companies with enough tax that's why ur country's money running out instead of coming in. Same with that country with diamonds. Dubai "tied" their business partners, they must have Dubai partners to open up a business. They get more tax on top of their oil.

    • @seedplanter7173
      @seedplanter7173 4 ปีที่แล้ว +2

      New World Order? Sounds great...when does the killing begin?

    • @riplikatlnloki5091
      @riplikatlnloki5091 4 ปีที่แล้ว +1

      Float Circuit yeah but do it the right way, Dubai treating laborers worse then dogs

  • @em2738
    @em2738 4 ปีที่แล้ว +115

    3:47 even the machine is tired of being a slaver there 😂

    • @survun2440
      @survun2440 4 ปีที่แล้ว +3

      no. All we is slaver. go to north korea.

    • @najibyarzerachic
      @najibyarzerachic 4 ปีที่แล้ว

      Wow you are a keen observer dude 💙💙

    • @davidquan5626
      @davidquan5626 3 ปีที่แล้ว +2

      🤣🤣🤣🤣

  • @jzk2020
    @jzk2020 6 ปีที่แล้ว +65

    I think you should do a series of these short documentaries explaining how the top 30 nations in the world came to be so rich. Thanks for the upload.

  • @supreme5580
    @supreme5580 2 ปีที่แล้ว +42

    This was very informative and insightful. As I'm turning to study emerging markets, this is definitely motivating me and arousing my interest about global economies! The British UAE deal definitely explains a lot of the country's modernization. Thanks! Do hour long biographies like this!

  • @MikeStillUK
    @MikeStillUK 6 ปีที่แล้ว +235

    DOOBAI or Dubai?

    • @user-mb6kc3ix1y
      @user-mb6kc3ix1y 5 ปีที่แล้ว +14

      Dubai

    • @kittervision
      @kittervision 5 ปีที่แล้ว +27

      i think it's DO-BUY

    • @isaakhan5998
      @isaakhan5998 4 ปีที่แล้ว +2

      @@kittervision Dubai

    • @isaakhan5998
      @isaakhan5998 4 ปีที่แล้ว +2

      is the answer

    • @kittervision
      @kittervision 4 ปีที่แล้ว +2

      yes I know but he's wondering the pronounciation I thought

  • @beyondsingularity628
    @beyondsingularity628 2 ปีที่แล้ว +6

    5000 years ago: Arabs get rich from trade
    2000 years ago: Arabs get rich from trade
    1500 years ago: Arabs get rich from trade
    1000 years ago: Arabs get rich from trade
    500 years ago: Arabs get rich from trade
    Today: Arabs get rich from trade

  • @amvdmaker2386
    @amvdmaker2386 3 ปีที่แล้ว +90

    girl: What car do you have?
    Guy: mclaren
    girl: nice what job?
    Guy: police officer
    girl: O:

  • @investinturkiye4350
    @investinturkiye4350 5 ปีที่แล้ว +95

    Dubai is this centuries miracle that is been administered by Sheikh Mohammad bin Rashid.. such a bright & visionary Humble person.. I have lived in Dubai for many many years and seen nothing but happiness and pure opportunity for buisness men..

    • @Gr8putin
      @Gr8putin 2 ปีที่แล้ว +3

      But not to family. Wife and daughter fled. However we should admire him for his long term visionary

    • @jaye1006
      @jaye1006 2 ปีที่แล้ว +2

      If Dubai's so good, then why invest in Turkey?

    • @djweavergamesmaster
      @djweavergamesmaster 2 ปีที่แล้ว

      But you are called invest in turkey.

    • @ArmanAli-wg4rq
      @ArmanAli-wg4rq 2 ปีที่แล้ว +5

      @@Gr8putin our pm Modi literally abandoned his wife 😂😂

    • @user-sc7zu1oj1j
      @user-sc7zu1oj1j 2 ปีที่แล้ว +1

      @@ArmanAli-wg4rq moodiy 😂😂

  • @filip8985
    @filip8985 4 ปีที่แล้ว +18

    i went to dubai roughly around when this video was released and i saw no police cars or officers, when i talked to a taxi driver he said there are lots of police everywhere but are mostly undercover so tourists dont feel scared

  • @lindanorris3226
    @lindanorris3226 3 ปีที่แล้ว +14

    THANK YOU SO MUCH FOR SHARING US 💙💫🌎

  • @gabriel55688
    @gabriel55688 4 ปีที่แล้ว +2

    This documentary is very explanatory,thank you CNBC EXPLAINS for the wonderful video

  • @joelahmed3801
    @joelahmed3801 5 ปีที่แล้ว +445

    Dubai is nothing without migrant workers.

    • @rivvy2138
      @rivvy2138 4 ปีที่แล้ว +42

      Yeah no shit. Who's denying that?

    • @mosana19
      @mosana19 4 ปีที่แล้ว +77

      So as US

    • @Ryan-dq9sl
      @Ryan-dq9sl 4 ปีที่แล้ว +83

      Lol of course and USA and Canada too

    • @riplikatlnloki5091
      @riplikatlnloki5091 4 ปีที่แล้ว +6

      Ryan not the same as Dubai

    • @riplikatlnloki5091
      @riplikatlnloki5091 4 ปีที่แล้ว +2

      marnakisava goold laborers get treated worse in Dubai

  • @bennymangina11
    @bennymangina11 5 ปีที่แล้ว +6

    Great job with this, quality video.

  • @braydensmith8703
    @braydensmith8703 3 ปีที่แล้ว +7

    I love learning about this stuff

  • @SANDWICHvanquish
    @SANDWICHvanquish 8 หลายเดือนก่อน +2

    "Hmm i wonder how they got so rich"
    "Oil was discovered"
    "Ah.. gotcha"

  • @LuxusHauserGroup
    @LuxusHauserGroup 5 ปีที่แล้ว +117

    Easy answer, by having a great visionary leader when it mattered most. Many doubters would have said to him, it will never work, all of whom lacked vision.

    • @alimurtaza2833
      @alimurtaza2833 2 ปีที่แล้ว

      By exploiting the poor and cheating the wealthy

    • @lisalisa3110
      @lisalisa3110 2 ปีที่แล้ว

      True. But it doesn’t matter if your leader is a great visionary, if the USA and Uk say you are a dictator, you will be removed

    • @bvc1922
      @bvc1922 ปีที่แล้ว

      Sadly leaders like them are really rare in Arab world, most of them are corrupt and involved in money laundering and other illegal activities.

    • @jericsonsalvacion2355
      @jericsonsalvacion2355 ปีที่แล้ว

      Monarchy are corrupts

  • @TheMozhganism
    @TheMozhganism 6 ปีที่แล้ว +513

    This is what leaders with vision can do for their country !

    • @deadringer2349
      @deadringer2349 6 ปีที่แล้ว +65

      Lol. this is what slavery do to a country

    • @someone-wi4xl
      @someone-wi4xl 6 ปีที่แล้ว +128

      nothing funnier than a white person talking about slavery
      when their civilization is built on stealing Africans resources and shipping 10+million to norther America to do the hard work

    • @drago_024
      @drago_024 6 ปีที่แล้ว +10

      someone nah the people who built America and Other majority White countries outside of Europe were white people. You clearly don't know any history. I mean I'm not saying that what they did was right but I mean at least their society isn't dependent and completly built by slaves. And at least they don't have slaves anymore.

    • @bodz9408
      @bodz9408 5 ปีที่แล้ว +34

      Dragø boyy u need true history. Slaves and immigrants builts America

    • @drago_024
      @drago_024 5 ปีที่แล้ว +1

      BODZ and slaves built the ugaye.

  • @hewu7300
    @hewu7300 6 ปีที่แล้ว +5

    I like how they actually went to every place they mentioned in the video.

  • @serinvarghese1675
    @serinvarghese1675 5 ปีที่แล้ว +1

    Thanks for giving this information it was very useful
    Recently..

  • @Breathingdeeper
    @Breathingdeeper 6 ปีที่แล้ว +1

    One of the more truthful videos on TH-cam

  • @ritikaritu2181
    @ritikaritu2181 5 ปีที่แล้ว +14

    I have so much respect for the sheikh who invested in building Dubai. He may not have thought about his country but his own wealth, but his ideas... and the results... Damn a man with a vision. Though it is built upon slavery...

  • @ThousanWhite
    @ThousanWhite 6 ปีที่แล้ว +3

    100%. I did a study on this topic in my MBA course

  • @bendover5975
    @bendover5975 5 ปีที่แล้ว +523

    Q. How did Dubai get so rich ?
    A. Cheap labour.

    • @happyiest3877
      @happyiest3877 5 ปีที่แล้ว +36

      Ben Dover People choose to go to Dubai they haven’t been kidnapped and they have found there self there.

    • @wedas67
      @wedas67 5 ปีที่แล้ว +100

      Ben Dover Q: how did the west got rich ?
      A: Slavery

    • @wedas67
      @wedas67 4 ปีที่แล้ว +29

      Mr Cruzih2000 You are right, Britons didn’t invade most of the world; themselves alongside the French & the Spaniards didn’t enslave Africans and wipe off aboriginal people in the New World... All the Sudden the West was rich just because of their own brilliance not their forced IMMIGRATION OFFSHORE with Bomb’s and guns

    • @mrk.8448
      @mrk.8448 4 ปีที่แล้ว +1

      Mr Cruzih2000 its true

    • @ilaila2981
      @ilaila2981 4 ปีที่แล้ว +2

      Trading as a free entreport like Hongkong & Singapore.

  • @raychelleinjete9870
    @raychelleinjete9870 5 ปีที่แล้ว +3

    Very impressive leadership. ..from a desert to a financial, tourism hub..a magnetic country...leaders can kearn from Dubai..

  • @arnievincent98
    @arnievincent98 4 ปีที่แล้ว +64

    they got good leaders who see the future they invested good they used what hey have to settle all the need that so good nice ,

    • @skiran69
      @skiran69 3 ปีที่แล้ว

      Wait? From when is oil future?

    • @arshaq4200
      @arshaq4200 3 ปีที่แล้ว +4

      @@skiran69 are u dumb did you watch the video they are investing all the money they got from oil into infra structure.now they have tourists from all over the world. Compared to saudi and kuwait they don't have that many oil reserves

    • @luissantos1428
      @luissantos1428 17 วันที่ผ่านมา

      great leaders... did you skip the part where it is mentioned about the (huge) low cost pay-check, no contract, no vacations, no insurance and treated like garbage construction workers ? I'm sorry but your definition of leadership is very bad.

  • @sumayachannel6966
    @sumayachannel6966 4 ปีที่แล้ว +3

    For all people who are that are saying negative comments about india labour class in dubai shut up, indians and arabs are close to each other and indians prefer living in our country, since it benefits them financially batter than their own country, also there are many mixed indian and arab in the uae. More than 20% of the students in my class are half indian and emarati.

  • @kusvahaperez2122
    @kusvahaperez2122 2 ปีที่แล้ว +53

    Who Is An Investment Manager? Investment is the process of redirecting finance towards profit generation. Investment management involves the professional management of various financial securities and assets belonging to an investor for the purpose of earning maximum benefits. An investment manager is an individual who manages investors finance and focuses […]to help these clients invest their money in the best places. The Provide investment information and financial advice; works with corporate and individual clients; and maintains knowledge of a wide range of investment and financial products, including trusts, stocks, bonds, and shares.

    • @jamesoliver5207
      @jamesoliver5207 2 ปีที่แล้ว

      I think when you talk about Investment, it's the process of redirecting finance towards profit generation.

    • @kelvinharry8615
      @kelvinharry8615 2 ปีที่แล้ว

      @@jamesoliver5207 yeah of course,but An investment manager is usually part of a large financial institution: a bank, a trust, or a life insurance company

    • @kusvahaperez2122
      @kusvahaperez2122 2 ปีที่แล้ว

      @@jamesoliver5207 Since investment management is an ongoing process, investment managers are expected to consistently evaluate and improve their investment portfolios. in other words helping out their clients execute a potential investment strategies

    • @kelvinharry8615
      @kelvinharry8615 2 ปีที่แล้ว

      @@kusvahaperez2122 You seems to know much about Investment Management,Are you an Investment Manager?

    • @kusvahaperez2122
      @kusvahaperez2122 2 ปีที่แล้ว

      @@kelvinharry8615 Not really,Am not an Investment Manager, But i have an investment manager who Works closely with investment analysts, international Investment companies to assess, financial information and more investment opportunities for his Investors, opportunities that am currently benefitting from ,i could refer you to her just like I did for other People.

  • @zainabbas2785
    @zainabbas2785 2 ปีที่แล้ว +3

    Mashallah, a man of visionary for sure. May Almighty bless long life with more vision to him. Amen

  • @ricoshae5235
    @ricoshae5235 5 ปีที่แล้ว +5

    I once rented a car for a 200 km journey. The driver boasted about his relatives driving for rich people in Dubai. They consider it a prestigious foreign job. Because the salary is good. Said he wanted to go there too but doesn't have a passport.

  • @anganbakonjengbam5567
    @anganbakonjengbam5567 2 ปีที่แล้ว +7

    It's not only the ideas or luck, it's their hardwork efforts from their forefathers.....

  • @usafazik8658
    @usafazik8658 5 ปีที่แล้ว +1

    I must say CNBC has done some out.box thinking, such a brilliant idea!!bravo.
    Could only request if they can make video on environment issue as well

  • @davetv4705
    @davetv4705 4 ปีที่แล้ว +36

    Wow, UAE should be a great inspiration to any nation who wants prosperity.

    • @Thaddeus-ml8if
      @Thaddeus-ml8if 7 หลายเดือนก่อน

      They used oil money to fund it. Not every country has the windfall of oil.

  • @michealgraham8109
    @michealgraham8109 3 ปีที่แล้ว +87

    Overall and Most valuable advice from this video is to invest in assets... because the segregation between the rich and poor is wide. Real estate and ETFs is the reason for my robust portfolio and investment size, I make €27k after compounding profits. My goal is to build a solid financial statement.

    • @premchand6106
      @premchand6106 3 ปีที่แล้ว

      I don't have minimum assest that is home .what should I do?

    • @Thyago2420
      @Thyago2420 3 ปีที่แล้ว

      How can I get into investing in ETFs and Stocks from now so by next 10years I’m way ahead.

    • @michealgraham8109
      @michealgraham8109 3 ปีที่แล้ว

      Look up videos on google or contact the trade analyst I work with.

    • @michealgraham8109
      @michealgraham8109 3 ปีที่แล้ว

      Eddybruke.info

    • @jamalford961
      @jamalford961 3 ปีที่แล้ว +3

      Don’t contact a trade analyst. This is 2020 get online and google. Stop paying these middle men for stuff you can do yourself.

  • @chrisblanco8593
    @chrisblanco8593 3 ปีที่แล้ว +14

    Thats what u call vision and smart management : Sheikh Radhid's vision from waay back in the day made Dubai one of the best places to live on 🌎

  • @davetheman2615
    @davetheman2615 2 ปีที่แล้ว +1

    Great video very informative

  • @shahzebkhan1117
    @shahzebkhan1117 6 ปีที่แล้ว +1

    Ace narration 👌👌

  • @mohamednashar9859
    @mohamednashar9859 6 ปีที่แล้ว +8

    Just some correction on thr info provided in the video. Withholding passports have been banned by law in Dubai since 2006. Reforms in labor law as well as labor camp conditions including regular government inspections to ensure standards are met have been imposed since 2010. In 2017 Dubai has passed a law to ban even courts from withholding passports, as well as a law for equal pay for equal work.

  • @alee5222
    @alee5222 6 ปีที่แล้ว +712

    yes but it's the worst place to live if you are poor 1st is dubai and the 2nd is saudi Arabia 🙏

    • @davion3091
      @davion3091 6 ปีที่แล้ว +51

      FaShe - The Epic Network he’s trying to say that if you are born into poverty or lower class it will be hard because everything will be so expensive..

    • @Fsrjtyttzma
      @Fsrjtyttzma 6 ปีที่แล้ว +37

      I was 12 years in Dubai and yes it’s expensive however I came to Auckland and it’s just as expensive especially groceries. No jobs here so I am going back to Dubai at least there I know I can earn a good wage.

    • @alee5222
      @alee5222 6 ปีที่แล้ว +4

      Shumus Ali Raja I would love to agree with you but sorry mate I know few people they already experienced that situation

    • @secularataturkist4674
      @secularataturkist4674 6 ปีที่แล้ว +11

      Akmal Ahmed Not all UAE citizens are rich. Rich make a minority of the entire population of any country

    • @secularataturkist4674
      @secularataturkist4674 6 ปีที่แล้ว +4

      Akmal Ahmed No one in UAE is living below poverty line either i think

  • @TopTravelOfficial
    @TopTravelOfficial 6 ปีที่แล้ว +1

    I'm planning to visit there in middle of 2018. Dubai and Abu Dhabi also have different great luxurious place to live in. Working salary is twice exactly the same as Hong Kong if you work there with better grade job. But around the world is larger, I need to explore more about it before making decision.

  • @gillesfrance8511
    @gillesfrance8511 ปีที่แล้ว +2

    This is the consequence of a smart leader with a smart vision !

  • @isaakhan5998
    @isaakhan5998 5 ปีที่แล้ว +5

    Yes, Dubai is safe for tourists. ... The crime rate in Dubai is much lower than comparable countries in other regions in the world. Public transport in the city is clean, safe, and monitored, and traveling on it doesn't pose a threat to traveler

  • @johnnahason4851
    @johnnahason4851 5 ปีที่แล้ว +15

    I live in Miri where oil was first found in Sarawak/Malaysia but the so called city status of Miri was nowhere near like Dubai. How weird. 😁

    • @waffelo4681
      @waffelo4681 3 ปีที่แล้ว +3

      Bcos corrupt government and mahathir lol

    • @bilis.export
      @bilis.export 2 ปีที่แล้ว

      After 2 years, still the same huh? 🙂 Malaysia Boleh 🙌

  • @arifsudarsono6509
    @arifsudarsono6509 6 ปีที่แล้ว +4

    Dubai is lit🔥

  • @exalcarvajal2610
    @exalcarvajal2610 5 ปีที่แล้ว +1

    That's key, they discovered oil but the money obtained selling the oil was used to invest in infrastructure and companies, and now the result is one the most modern cities in the world. Good leadership

  • @Thestartube12
    @Thestartube12 6 ปีที่แล้ว +59

    Dedicating this video to all those who are saying Dubai is rich only by the use of oil money and will run out soon. Dubai's development is unstoppable. It is one of the great tourist destination and business hub in the world and still growing.

    • @halfvolley11
      @halfvolley11 5 ปีที่แล้ว

      Abu Dhabi and other related Emirates.

    • @ballsack6470
      @ballsack6470 5 ปีที่แล้ว +6

      lol. It's not on anyone's list of dream destinations and it's nowhere in the league of New York, London, Tokyo, Singapore, or Hong Kong in terms of business. What it is, is a convenient stopover when people are flying between important parts of the world.

    • @MohamedAlnuaimi1971
      @MohamedAlnuaimi1971 4 ปีที่แล้ว +3

      Dubai have no Oil, but they have smart leader. The oil in Abu Dhabi. I think you were not listening to video carefully

    • @riplikatlnloki5091
      @riplikatlnloki5091 4 ปีที่แล้ว +1

      The biggest reason is expats and slaves. If all expats and cheap labourers went tonight, Dubai would collapse

    • @Han-es8qu
      @Han-es8qu 3 ปีที่แล้ว +1

      No,
      Then why no one else can copy them????? like Somalia or Yemen.

  • @reploid001
    @reploid001 6 ปีที่แล้ว +38

    how did dubai get so rich?
    2:03 lesson: no exploit, no prosperity

  • @user-eb1rg6qr2x
    @user-eb1rg6qr2x 6 ปีที่แล้ว

    great documentary

  • @cutewoman3161
    @cutewoman3161 5 ปีที่แล้ว +2

    Best place to visit.. Awesome destination

  • @comfortassam8769
    @comfortassam8769 3 ปีที่แล้ว +17

    Success is dependent on the action or steps you take to achieve it. Show me a man who doesn't have an investment and I will tell you how soon he'll go broke. Investment is building a safe haven for the future: with the right choice of investment that has at least 1% minimum risk and with an Expert guidance, profit and interest should be 💯 guaranteed.

    • @emiliaamber8598
      @emiliaamber8598 3 ปีที่แล้ว

      You're right, thanks for introducing me to expert Brandi Adams of financial education

    • @molliemartha4620
      @molliemartha4620 3 ปีที่แล้ว

      Speaking of investing, forex trading is the best business in the world right now with the ever raising amount of bitcoin. I know a couple of friends who makes a lot of money weekly trading the financial market

    • @molliemartha4620
      @molliemartha4620 3 ปีที่แล้ว

      For anyone building for posterity I think crypto is the next gold but the problem is scammers are everywhere.

    • @dannydevan7468
      @dannydevan7468 3 ปีที่แล้ว

      I invested in both stock and crypto but I believe crypto is doing better 💯

    • @ivybrooke7601
      @ivybrooke7601 3 ปีที่แล้ว

      At the crucial time, telling anyone about crypto currency trading isn't financial advice by all factors. It is life advice

  • @usmanali7222
    @usmanali7222 6 ปีที่แล้ว +223

    No the question is how did i got soo poor

    • @JW-mr5mh
      @JW-mr5mh 6 ปีที่แล้ว +8

      Usman Ali no minimum wage + working in slave labor like conditions could be the reason. Where you live and how much you make per hour determines it. I live in the us, and I’m 17. I have two jobs and make $30 and hour. So I’m doing pretty good so far but it still isn’t enough for myself to live comfortably.

    • @usmanali7222
      @usmanali7222 6 ปีที่แล้ว +2

      Jason Weber the question is how much is enough ???

    • @JW-mr5mh
      @JW-mr5mh 6 ปีที่แล้ว +1

      Probably $100 an hour to get along where I live? I'm guessing? I mean the bay area in california has ridiculously high housing prices. I could get the same house in georgia or tennessee with the same view for about $240,000. So $130,000 a year to live comfortably where I live. But its different in different parts of the state, and states. Sorry for the late reply/

    • @JW-mr5mh
      @JW-mr5mh 5 ปีที่แล้ว +1

      @Omar Nothing bud. Just stating facts. Actually, I was wrong, it is more like $65 an hour, as $130,000 a year = $65 an hour.

    • @JW-mr5mh
      @JW-mr5mh 5 ปีที่แล้ว +1

      @wIdIt I never said it was a lot.

  • @muhammadfazan891
    @muhammadfazan891 3 ปีที่แล้ว +2

    I live in Dubai and it so beautiful

  • @Robbinson
    @Robbinson 4 ปีที่แล้ว +10

    On every single places at Dubai there has a sweat and hard work of a Keralite. We're in the every single part of Dubai's growth like company CEOs, High level workers secondary level workers business magnets, government officials etc etc etc. We consider Dubai is the 15th District of Kerala
    We Malabaries always love the place 😍😍

    • @Robbinson
      @Robbinson 4 ปีที่แล้ว +1

      @Pichkalu Pappita
      Oh really if we have job and good salary here then why we wanna go to other countries for work. According to the ILO (International Labour Organisation) 20 million Indians are unemployed. If you have the real guts ask the Same question to the Indian government, not to me.

    • @Robbinson
      @Robbinson 4 ปีที่แล้ว +1

      @Pichkalu Pappita
      lu Pappita
      Maybe you're right that you didn't saw any job shortage in India. But India have a huge population here is not enough jobs for all citizens.
      Every job has it's own value, but if I'm an MBA holder how I'll go to building work,
      If I'm an MBBS graduate how I'll work as an engineer.
      Indian education system is too bad. Unemployment and Underemployment is the major issue of this country. You said you didn't saw any job shortage in India but ILO says India has a huge unemployment rate. Which statement will people believe, yours or ILO's?And also one thing everyone is patriotic,but as a good citizen do not try to hide your sins. We must accept it and find ways to do it

    • @gsm3982
      @gsm3982 2 ปีที่แล้ว

      I am from dubai and i confirm 😂❤️ number of indians is higher than locals

  • @mariamhasan4652
    @mariamhasan4652 5 ปีที่แล้ว +4

    I've been living in Dubai since many years always love it but nowadays it's way more to expensive and they have VAT in summers it's horrible winters are amazing

    • @MrAki28820
      @MrAki28820 2 ปีที่แล้ว

      What is VAT?

  • @hb2008
    @hb2008 6 ปีที่แล้ว +9

    I’m happy I live there
    😃😃😃

  • @koushikbiswas395
    @koushikbiswas395 5 ปีที่แล้ว

    a very good and informative video....very good

  • @sudevvs1004
    @sudevvs1004 4 ปีที่แล้ว

    Thanks CNBC.

  • @equation2764
    @equation2764 4 ปีที่แล้ว +24

    To all those who are commenting "Slaves is the reason."
    Slaves don't matter much if the ruler didn't had a vision. When monarchy was popular, kings had millions of slaves but lacked ambition and planning. Don't satisfy your ego with criticism.

    • @jen_nice2059
      @jen_nice2059 4 ปีที่แล้ว +3

      Saksham Shrivastava oh boo...did someone offend your feudalist little heart

  • @retrodude5424
    @retrodude5424 5 ปีที่แล้ว +3

    Oil, freight and throwing money in infrastructure and real estate development, I’m jealous, we need something like this in America 🇺🇸.

  • @mayonnaise9074
    @mayonnaise9074 5 ปีที่แล้ว

    the ruler of the countries amd the people who helped them think of how they cam grow the country before are amazing.

  • @TheJohn2272
    @TheJohn2272 3 ปีที่แล้ว

    Hi cnbc
    Please do a video on startup ecosystem in Dubai.
    I wanna start a start up in Dubai

  • @lavendera6846
    @lavendera6846 6 ปีที่แล้ว +11

    Mashallh..May Allah blessing this city

  • @queeniemars159
    @queeniemars159 5 ปีที่แล้ว +4

    Heart matters, the richer you are inside the richer and peaceful you'll feel in Dubai, most awesome, tolerant and peaceful place

  • @pramithaskhadka7782
    @pramithaskhadka7782 5 ปีที่แล้ว +2

    Realiza algunos videos sobre el hermoso país de Nepal.

  • @istopdabbingnowok1455
    @istopdabbingnowok1455 5 ปีที่แล้ว +1

    Dubai looks so cool

  • @rext8949
    @rext8949 3 ปีที่แล้ว +5

    It was bailed out by Abu Dhabi a few years back after it went broke. There's not much oil there. They did a good job of diversifying but extensive leveraging is not a good idea in a contracting economy. Merely builds up the debt with all that unproductive assets.

  • @dhruv6373
    @dhruv6373 2 ปีที่แล้ว +4

    Dubai : It is a real life representation of a very clean room where all the junk is shoved under the bed.

  • @user-lt3ee1yo5j
    @user-lt3ee1yo5j 3 ปีที่แล้ว +1

    I love DUBAI
    from MALAYSIA

  • @rajeshpillai1367
    @rajeshpillai1367 6 ปีที่แล้ว

    Please let us know more about SEZ's, FTZ's & STP's their differences and profitabilities

  • @khalilmosa3414
    @khalilmosa3414 3 ปีที่แล้ว +4

    عيشي بلادي🇦🇪🇱🇾🇰🇼❤😙❤ انا من كويت ليبيا والايمرت 🇰🇼🇱🇾🇦🇪 يا بلادي ،وطن الكويت سلمت للمجدي

  • @shaqmaskari
    @shaqmaskari 5 ปีที่แล้ว +10

    Originaly UAE is a part of Oman the British separated it from oman

    • @zayedalshamsi7321
      @zayedalshamsi7321 3 ปีที่แล้ว +4

      It separated before the British came read history

  • @samimuzammilhabib5415
    @samimuzammilhabib5415 2 ปีที่แล้ว

    Does anybody know the name of song in the background in beginning of the video. Thank you so much

  • @antwonrichardson9324
    @antwonrichardson9324 9 หลายเดือนก่อน

    I never new that but I do now🤴🏾👍🏽💯

  • @ENDPEARL
    @ENDPEARL 3 ปีที่แล้ว +5

    IN DUBAI SPORTCARS ITS JUST LIKE A 👌🏽

  • @paulsound7714
    @paulsound7714 4 ปีที่แล้ว +30

    when you used to be a 3rd world country but you discovered *oil*

    • @chieflyon5130
      @chieflyon5130 4 ปีที่แล้ว +5

      When you used to be a 3rd world country but you discovered oil,Then whether you agree or not, the U.S. military will visit your home with a weapon.

    • @Amar-pu3ph
      @Amar-pu3ph 4 ปีที่แล้ว +8

      The income earned by Dubai vai oil is only 1% of its totla income most of their income comes from tourism and Trade

    • @Amar-pu3ph
      @Amar-pu3ph 4 ปีที่แล้ว +1

      @@yamcha8309 😂

    • @fudgerace4356
      @fudgerace4356 3 ปีที่แล้ว +1

      Tell that to Syria, Libya, Venezuela, Iraq etc..

  • @sunilchowta2075
    @sunilchowta2075 4 ปีที่แล้ว

    good video by cnbc. 😊

  • @justsamapossible5432
    @justsamapossible5432 6 ปีที่แล้ว +1

    I live in Dubai and it’s beautiful

  •  6 ปีที่แล้ว +348

    Modern day slavery. I was there and will never go there ever again. People has no idea about the real picture in Dubai. It’s horrible.

    • @mohammedmehdi1719
      @mohammedmehdi1719 6 ปีที่แล้ว +24

      sharif jahan agreed bro

    •  6 ปีที่แล้ว +15

      Mohammed Mehdi thank you for agreeing brother.

    • @dattape2828
      @dattape2828 6 ปีที่แล้ว +14

      sh*thole

    • @KingAlphaOmega
      @KingAlphaOmega 6 ปีที่แล้ว +26

      sharif jahan Ya my friends been there, all Arab countries are shithole modern day slavery.

    • @albiethecockerspaniel
      @albiethecockerspaniel 6 ปีที่แล้ว +9

      Alisher Salimov Haters are always gonna hate, I came to Dubai over a decade ago and I’m doing really well. People who haven’t even been here are slamming Dubai. It’s called progress if they don’t want to visit Dubai because they don’t like something of its history then they better stay home as EVERY country has a history including there own.

  • @paulmaking1980
    @paulmaking1980 5 ปีที่แล้ว +6

    Dubai got rich due to trade & finance unlike the rest of the UAE & the rich Gulf countries, which rely on oil & gas and good strategies & planning from the UAE leadership, it's as simple as that! Also, another reason Dubai got so rich is that Dubai & UAE's economy relies on foreign workers from Asian countries like India, Pakistan, Bangladesh, Philippines, and others, without foreign workers from Asia, the economy will not function or even collapse.

    • @Han-es8qu
      @Han-es8qu 3 ปีที่แล้ว

      No,
      Then why no one else can copy them????? like Somalia or Yemen.

    • @Thaddeus-ml8if
      @Thaddeus-ml8if 7 หลายเดือนก่อน

      They used the oil money wisely but still without oil money they wouldn’t be rich.

    • @dwaynekeenum1916
      @dwaynekeenum1916 5 หลายเดือนก่อน

      @@Han-es8qucringe

  • @UtkarshSingh-lf8ff
    @UtkarshSingh-lf8ff 5 ปีที่แล้ว

    U should have elaborated more on the conflict between Abu Dhabi & Dubai. Infact there was no mention of how the conflict ended.

  • @sandropudadera9809
    @sandropudadera9809 ปีที่แล้ว

    Interesting the source of fund is from shipping and tourism great strategy

  • @IchsanDwi
    @IchsanDwi 6 ปีที่แล้ว +6

    enjoying stay in Indonesia not soo hot weather especially on Bali yes.

  • @monsouranda2822
    @monsouranda2822 4 ปีที่แล้ว +15

    Their salary for construction worker is basically 20x bigger than the salary those people live in(SEA).

  • @6alal1994
    @6alal1994 5 ปีที่แล้ว

    wow dubai is really amazing city

  • @Raghv426
    @Raghv426 6 ปีที่แล้ว

    Most appropriate thing that i watched today.

  • @spetnaz6464
    @spetnaz6464 6 ปีที่แล้ว +3

    Well that’s for Dubai to know and you to find out.

  • @KittyKat-to4px
    @KittyKat-to4px 5 ปีที่แล้ว +3

    Masha allah ILove Dubai and got engagaed to Emirati girl I’m from Dubai

  • @Georges_IV
    @Georges_IV 5 ปีที่แล้ว +1

    At night same with South beach, Miami it’s beautiful, Rich and pretty at night

  • @nitishvaidya3511
    @nitishvaidya3511 5 ปีที่แล้ว +12

    The modernization is at a higher cost. The work force and labour had to sacrifice their liberty.

    • @Shagamaw-100
      @Shagamaw-100 2 ปีที่แล้ว

      There is no give without take.

  • @ronj5407
    @ronj5407 3 ปีที่แล้ว +10

    There are 4 conditions a country has to fulfill to get the status of a 'Developed' nation. Its:
    1. GDP
    2. Per capita income
    3. Infrastructure
    4. Level of education of the locals
    While counting developed countries, people always tend to leave out UAE and other Gulf countries. Which criteria do you think they don't fulfill?

    • @ndorobei4391
      @ndorobei4391 2 ปีที่แล้ว +3

      Dubai is not developed, but over developed. Because I don't see police who drive supercars in any Western cities.

    • @lemagnifique1573
      @lemagnifique1573 2 ปีที่แล้ว +1

      There's a lot of tribal areas with less infrastructure and education in the UAE

  • @gaganjain806
    @gaganjain806 4 ปีที่แล้ว +1

    If you have a vision, you can convert a desert into a beautiful place. UAE taught us “Say No to Excuses”

  • @akashje
    @akashje 5 ปีที่แล้ว

    Can someone tell me the song starting at 00:23, please

  • @saucysaracha35
    @saucysaracha35 5 ปีที่แล้ว +7

    *THEY WERE ALL UP IN MY GRILL*

  • @blocksterz
    @blocksterz 6 ปีที่แล้ว +216

    The greatest Slavery pot in the modern history

    • @hamdanzoghbor7441
      @hamdanzoghbor7441 5 ปีที่แล้ว +22

      blocksterz what??
      I answered this the third time. 90% of workers here enjoy their life and had their salary multiply by ten. Indians make up a large percentage of the UAE and also make the best companies who are officially millionaires. So what do u call That

    • @Nautilus1972
      @Nautilus1972 5 ปีที่แล้ว +10

      America?

    • @mariettahermosa
      @mariettahermosa 5 ปีที่แล้ว +28

      blocksterz the greatest Slavery pot will always be the US. Period.

    • @juliencastle2953
      @juliencastle2953 5 ปีที่แล้ว +4

      Marietta I: Slavery has been happening WAY BEFORE the US were even a thing and it has been practiced WAY MORE intensively than it was in the US, to say...

    • @kayseek1248
      @kayseek1248 5 ปีที่แล้ว +5

      Marietta I the Arab Slave Trade involved millions more people and lasted for way longer than the Atlantic Slave Trade.

  • @PrinceKumar-cf7ek
    @PrinceKumar-cf7ek 2 ปีที่แล้ว +1

    God bless you🙏

  • @RBSaham
    @RBSaham 4 ปีที่แล้ว

    Wow
    How become Dubai
    Nice
    👍

  • @mohamedmana3646
    @mohamedmana3646 6 ปีที่แล้ว +3

    If Egypt make a good infra structures in Suaz canal and develop it to a free zone then Dubai will collapse faster than it grows, but UAE is fighting this project.