Dubai's Economy Is In Deep Trouble - Here's Why

[@jilliango15]

im living here in dubai. and most of the salary here is not enough to afford a rent on those real estate. most people here are sharing low cost rental flats. those skyscrapers are half empty to be honest.

[@menomisespeanut]

Wow.

[@jrobertson37]

Just returned from Dubai and I was soooooo amazed. But people I ran into that work and live there said it was unaffordable for.most.

[@faygo12]

Yeah I often wondered about those office buildings. It was hard for me to believe that they were mostly full. Also wondered about the affordability. What is your line of work if I may ask. Are you white collar worker. If so then how in the world do blue collar workers survive there.

[@lyhs0219]

Really? My friend said everything is good there and want to send her son there to work because salary is high

[@faygo12]

@@lyhs0219 I get two different stories. It's either a horrible place for workers or a wonderful place for workers. WTF!

[@disposabull]

There is something you are missing about the Dubai property market, money laundering. The west has fairly strict rules for checking the source of your income, Dubai doesn't. If you have a few million in illicit cash that you want to clean up, you buy a property in Dubai, wait a couple of years, sell it to the next "investor" and then move your millions to London or New York who are perfectly happy to only do a one level check when you say you made millions investing in the Dubai property market. There is staggering amounts of money laundering going through the Dubai property market, replicating the "discreet" network of dodgy bankers & lawyers that Dubai has attracted over the last few decades will be more difficult than building a few skyscrapers.

[@user-jy2ci5ox9v]

It’s the money cleaning capital of the world right now. All the illicit money leaving Russia and China. Their bubble needs to POP.

[@saeedmustapha1334]

In America, only the elites and politicians are allowed to launder money, and i am sure you are good with that because when you elite Anglo-Saxons stealing and cheat, it's ok. I guess that is why they call it Anglo-Saxons crimes (white collar crimes).

[@ashfaquekhan2276]

Complete truth, great for pointing out. Laundered and checked only once as to source or proof of funds. Afghan, Iranian and criminal crypto cash all swimming around without shame

[@danieldumas7361]

Right on Point! This makes for a "cute" video, but barely scratches the surface. What really goes on in their underbelly makes the US Congress look like choir-boys

[@simona4315]

​@@ashfaquekhan2276mostly Pakistani money. Around $150 billion. Slightly more advanced than the above. First announce a property development scheme. No real investment just paperwork (architect etc) and set up costs Then announce attractive price for this development Then say all units are sold offplan in 2 weeks. So now you're ready to launder the money. Because these plots or scheme on paper is going to go up tremendously, atleast 2x or 4x. So you now can launder 3x the money of the paper value (remember no cash actually spent yet) of the property development. That's how Pakistani military gets it's cash out and launders it via Dubai

[@christianr.3617]

I was in Dubai in winter, stayed on Jumeirah Palm for some days. On our side of palm, there were hotels and on the other side, right in front of us, private villas. The villas looked great and the beach in front of them was full of white, pretty sand, the sea was deep blue and clean. and guess what, not a single soul was in those villas. I didn't see a single light in those houses. It was clear, why, once I checked the prices: starting from 3-4 million dollars and more. Somehow is demand/supply stuff not working here, you have hundreds of luxury villas staying vacant but the prices are still record high.... all in all, it looked very artificial...

[@fatimahabdullahi3970]

They were going for a “fairytale” kinda thing without really factoring in the reality that not everyone has THAT kind of money. If only there was a balance between affordable and straight up luxury.

[@moa3810]

You said it all in one word in the end - all "artificial"!

[@ggeilokowski]

Yes, but there arent that many „oil rich arabs“.

[@lifecoaching5068]

Same like China throwing free money and printing Yuan like there is no tomorrow. People complain west is printing money, but China is printing much more and giving cheap loans to poor countries in order to trap them for China’s own economic benefit. They recently demolished many buildings fake cities no one live there.

[@rubiooibur8534]

Come one.. every country is artificial. USA was also built from nothing. Just a different time period. Last time i was staying at jumeriah saadiyat hotel and all the villas were rented out and the basic rooms where almost all booked out. The cheapest room went for 1000 USD / night… remember.. there is a low season and a high season…. Many Emirati expats travel for around 6 months as you don’t have to stay in the emirates for too long to maintain residency

[@myranoname782]

Without the healthy middle class, no country can survive. A country must produce something or provide some kind of service or have some source of real economic foundation, without that Dubai miracle won’t last.

[@hermanrogers1325]

Yep that’s is absolutely right people got to have money to spend

[@Quantum-1157]

So is that why millions of Indians flee India and live in uae? No middle class in india?

[@michaelstapelberg7751]

they dont even have old people homes

[@georgesheffield1580]

This is a lesson the top countries that promote excess wealth .

[@AdeelBinQuraish]

This is what Europe is doing. Keeping 85% to 90% people in Middle class State by imposing taxes on taxes and portraying non eu countries as Dangerous Side Of World.😂

[@ilanamillion8942]

Dubai's treatment of the foreign workers who do all the work is shocking and unacceptable by anyone's standards.

[@magicianslucky602]

America literally has children working in demolition sites , slaughter houses , steel forming companies , in 2023 you can look it up in 2 seconds

[@vladtheimpalerofd1rtypajee316]

It's fine

[@danielgriffin8132]

The world knows the treatment of employees is terrible

[@vladtheimpalerofd1rtypajee316]

@@danielgriffin8132 It's ok to mistreat pa jeets

[@jamesblond1100]

I guess you have never been in the countries where the majority of those employees come from... India, Bangladesh, Pakistan, Nepal etc...

[@heijin76]

I just came back from Dubai where I have a lot of friends living and working. All of them have one goal and it is to make enough money to by home in there own countries and leave Dubai as soon as possible. Dubai not being able to make people feel at home will destroy it sooner than expected!!! I hope that changes and Dubai survives but who knows ...

[@ПолинаКовшура-н9п]

Dubai is ONLY for local people, who were born there, others are working sources. It has been known long ago. You had zero chance to feel at home. So no surprise

[@frevebe7693]

I am from belgium, we have an apartment in spain also (marbella). If I would live in dubai, I would never wanna come back to belgium. It is like going from heaven to hell.

[@edwardspencer9397]

Dubai will offer citizenships in case it smells disaster so they are good. They are smart.

[@heijin76]

@@frevebe7693 Yes. It feels like heaven

[@heijin76]

@@edwardspencer9397 I hope so

[@rzk9918]

i have friends doing blue collar jobs in Dubai. Workplace safety is very very poor and they are constantly threatened by their bosses (who are also from another third world country). Life down there in the lowest rung of society is very bad, and they mostly feel alienated looking at all those sky scrapers and fancy restaurants. Unwritten rules like blue collar is solely reserved for south asian workers exist there.

[@ThomasTomiczek]

And they stay because life at home is WORSE.

[@rzk9918]

@@ThomasTomiczek because of foreign remittance, govts at home also wants a proportion of people working at these countries.

[@Bharatagrawal2540]

I'm sorry you or your friends had a poor experience as a blue collar worker in Dubai. However salary of average worker is 4 to 5 times that of their home counties plus accomodation and visa is paid by the company that employs them. Workers save and send billions of dollars collectively back to their home country. No one is forcing anyone.

[@rzk9918]

@@Bharatagrawal2540 you are not getting the problem here. There are blue collar workers in all the developed worlds but why this is so pathetic at this part of the world? They send billions of dollars collectively but at what cost? Countries like UAE need them as much as they need a job. These countries need their health and young age and what happens when these people move to their 60s?

[@sidjain999]

Mostly Pakistanis

[@penskepc2374]

Pretends to be the richest city on earth when Boston has twice as many billionaires 😂

[@rubberroast1598]

If 90 % of people there are foreign, either as labourer or investor or temp, I doubt many of them will want to stick around once the growth there recedes. In fact once it starts it will probably accelerate very fast. I know people who lived there, and always only considered being there temporarily, never permanent

[@rahanmiah9428]

Soon dubai will be abandoned

[@coolbuddydude1]

It’s too bad they never offered citizenship to foreigners. They would’ve stayed in the hard times.

[@7luckym586]

they like young brainless employees here, who can fill in the needs for the country to be a tourist driven economy, nothing more, there is no human right here, just restless work

[@intergalacticmaru]

really? i am confused because my aunt took her family to live in dubai after working there as a medtech for a year. idk their reason, but after learning about dubai, wouldn’t that be a bad decision? they seem to be living well and safe.. perhaps they are one of the lucky ones..?

[@stellviahohenheim]

​@@intergalacticmarushe probably sold her body

[@Billydevito]

Like all amusement parks, Dubai will lose its novelty. Dubai has foolishly poured its oil money into poor investments that are nothing but show pieces that are expensive to maintain and will lose their appeal after a few years. Instead of long term investments that will benefit Dubai and the world, they build extravagant projects that cannot provide a positive payback.

[@heijin76]

Absolutely agree

[@rahanmiah9428]

I agree 100%

[@chloewaifu]

you know nothing about economy nor have an idea whats happening in the west lmfao

[@mohamadmneimneh7285]

​@Ya know you're the one obviously who knows nothing about nothing especially dubai

[@alwaysyouramanda]

The city does remind me of a book. Confessions of an Economic Hitman. It also reminds me of Vegas tho. Timeless.

[@spurgendahl]

There might be some remarkable similarity between Dubai and Masterworks. Both collect huge amounts of money, which some day will prove to be taken by a desert storm.

[@piotrmajewski5978]

Yeah, It grew for decades, just like China real estate market. Bubble always pops at some point.

[@RamoSFTT]

Only time will tell how Dubai will adapt in the post-American imperialism World. It’s completely unpredictable at this point but I think they will make it through the transition just fine.

[@ravd8082]

they will start taxing income tax & corporation tax

[@ChinaSongsCollection]

​@Piotr Majewski There is a big difference between the real estate problem in Dubai and the one in China. The bubble in China was deliberately popped by the government. But that isn't the case in Dubai. In China, property prices went ballistic. Prices were artificially being pushed up by investors who had no interest of ever moving in to the properties they bought. The huge profit property developers were getting from the investors in turn drove developers to build more. This vicious cycle created 'ghost cities' all over the place with investors buying properties that they have no interest in moving in. All this while the average mums and dads could no longer afford a property that they *DO* want to move in to. So enter the government. The CCP LITERALLY *FORCED* the prices in major cities to come down. The unfortunate side effect of these laws was the collapse of the real estate market in major cities. And in turn the high profile collapse of the 2nd largest property developer in the country. But for many of the mums and dads in China, that was a godsend. Literally a dream come true!! There are always more average mums and dads than property investors in any country. So there were A LOT MORE winners than losers. But this clearly ISN'T going to be the case for Dubai. There will be *NO* winners in that collapse.

[@aniksamiurrahman6365]

@@ChinaSongsCollection Thanks for nuanced comment. Its hard to find those this social media era.

[@jakeMontejo3272]

The artificial, Disney like culture does appeal to a certain kind of individual. But once you are there for sometime, it wears on you, especially if this is your year round residence and don't have homes in other countries. It's great for a class of individual who is wealthy enough to leave, when necessary. The culture of a city creates a vibe that takes multiple generations to achieve. Dubai is the definition of new money. It's a fascinating test city, only time will tell if this is sustainable.

[@gwho]

wow way to say so much without saying anything. WHAT is the bad part of it?

[@Noah-dh6se]

​@@gwhothe artificial Disney like culture... Try reading

[@pbarcena]

Very shallow analysis

[@jasonrhodes9726]

Dubai's only hope is to stop enforcing Islamic laws to attract rich people from other Muslim countries. This will for these other countries to do the same. The problem is that will anger the fundamentalists and then revolutions and civil wars will breakout and drive all foreigners out.

[@jonkfonkEsbenM]

@@gwho 👶

[@beckysam3913]

in short: the economic growth is based on Ponsi Scheme or Multi Level Marketing, as long as they can sell stuff and get money in, they can pay previous bills, but in the future when no one wants buy apartment as investment anymore, the system collapses. the town isnt really build for working class, that keep the society running, the city is not resilient or sustainable, everything from drinking water, vegetables, grain, meat need to be imported or very costly in small units produced. all these luxury sites and apartments are empty or hotels for tourists, taking space away from people who could actually live, work and invest there but greed will destroy it, along rising sea level, they can not do much against rising sea level and sand storms from the land side.

[@heijin76]

That's the most relevant comment so far in my opinion despite looking rather grim

[@trenvert123]

That's how economies built on tourism work, or don't work, as is so often the case.

[@Ikaros23]

It`s basicly a place for money laundry for wealthy dictators, Russian/Chinese Oligarchs, Drug money. The place is fake, and has zero culture because to have " culture" you need regular people who settle down and create a life. This is also the reason why the city don`t go totaly bankrupt when there is a global crisis.

[@--ican7288]

They hate Christians They persecute Asians and Africans who work in their country .......10

[@pbarcena]

You’re forgetting about the jobs generated by your “empty buildings “ or “only for tourists hotels” I live here 13 y and I’ve lived in buildings and gone on weekend vacation to the tourist hotels - on top of giving me service these two industries generate long term jobs

[@jeremygood3246]

Every family has that one person who will break the family's financial struggle, I hope you become the one 😊

[@famejay7318]

My family everyone of us broke that financial struggle cycle

[@stellviahohenheim]

Abolish the caste system first

[@Priya-cm3tr]

Already abolished as soon as we got independence. It was never ours and we dont need your twisted ideas here. Wierd how you get up in arms about discrimination but were perfectly okay with slavery and enjoy exploitation?​@@stellviahohenheim

[@prolapse6073]

so what do i do jeremy? buy some villa in dubai?

[@williamlee7518]

I invested in a hotel project in Dubai the money was stolen by uniestate through Standard Chartered Bank Do not invest in Dubai or Standard Chartered Bank

[@Ruder6163]

I’m going to go out on limb and say you didn’t actually invest via a chartered bank. You have invested in a Nigerians pockets.

[@stellviahohenheim]

​@@Ruder6163These days it's myanmar and Vietnam who's running the operation

[@sandife4nandes365]

Any country solely dependent on tourism is going to suffer with people traveling a lot less these days. Rent is too expensive in Dubai for investors. There are current projects in Dubai that are sitting unfinished and with no new investment.

[@judybash9393]

Dubai is not a country

[@melissahouse3488]

@@judybash9393 They never said it is. It's part of a country though.

[@ThomasTomiczek]

Ah, you are aware that DXB - the Dubai Airport - is operating at capacity. Planes mostly full. And a lot of people move here - and the rents are not that high compared to certain other cities (Paris, London, Monaco).

[@eugenechin2863]

@@ThomasTomiczek Heh Dubai is cheap compared to my own home city, Sydney.

[@sandife4nandes365]

@@ThomasTomiczek it is hot as hell in Dubai. Laws are too strict for women. I'm not interested in Dubai.

[@socalstr]

The shock to me is that Dubai has been able to "hold on" for as long as it has.

[@buravan1512]

You mean DUBAI or US?😂

[@SenorGuina]

@@buravan1512 Huh?

[@youngandbankrupted7474]

​@@buravan1512what exactly goes beyond 120trillion ?

[@jayceontalylor4244]

like the US is holding on while its on debt since years

[@bircruz555]

Desert flowers germinate, bloom, and complete their life cycles in a fortnight. I wish Dubai all the best. Still, it is a desert flower.

[@valentinalexandru9478]

A smart thing would be for them to keep the tax free environment despite economical challenges. As soon as they start levying taxes, they will chase ppl away, they will have a crash in real estate and basically accelerate their way down.

[@kirayamatofication]

They already started introducing taxes from VAT now to corporate taxes.

[@etherealallure9173]

why have taxes when u could do extortion in various other forms

[@XtrAMassivE]

Yeah that time is gone, they already have introduced VAT and they will slowly just impose more taxes.

[@andreasottohansen7338]

Taxes are a state's lifeblood. If levying taxes kills a state, that state was never going to survive regardless

[@vishalkumar-wt3gi]

Doing business in Dubai is becoming difficult because of licence fees, labour fees and rent is becoming costly day by day . I own a shop in Bur Dubai There is no demand. My business is not doing well.😢

[@ainsleyfrastructurekpopmashups]

So sorry to hear you, I hope there will be a chance to move your business into your home region, South Asian region.

[@timmartino7269]

@@ainsleyfrastructurekpopmashupsPakistan...?

[@playercamhd]

What is your business?

[@Puzzoozoo]

@@playercamhd He has a shop.

[@gertrudevanshandy]

Maybe go ask Modi for help.

[@tengkualiff]

Cant wait for you to do one about Malaysia. We have very questionable policies, it doesn't matter if the conservatives or liberals take charge.

[@kachrachi]

Fair point, but Malaysia's problems are easier to fix than Dubai's. You do need better leadership though.

[@omidmustafaee5266]

Brother you don’t need to believe anything you saw in internet i am living in Malaysia ask me rather to ask an outsider, Dubai economy is flourishing they can’t see any Muslim city to be developed this is all propaganda

[@secrets.295]

There is no such thing as conservatives or liberals in Malaysia. As far as policies are concerned, the Malaysian economic system from all parties is conservative by western standards. All parties want more investments for job creation, building more housing to meet demands, etc. Socialism doesn't exist in any party in Malaysia.

[@joelc9439]

Malaysia has a new prime minister.. Mr Anwar Ibrahim and he will bring Malaysia forward..

[@zarith87]

clearly u dont have any knowledge about economy.. questionable policies? like what ? our export biggest are E&E industry make up 40% of GDP they were growing 18fold within 20years.. thats remarkable.. our oil and gas export only about 14% of GPD.. we have 'NET' export around 22.3 billion ringgit 2022, total around 130billion ringgit.. not only that we have export the best Islamic banking to the world and no1 islamic banking..

[@Basaif_almahri]

Dubai is a city of UAE. Dubai is not a country ... The government of UAE supporting Dubai economic because Dubai is the gate of investors for UAE.

[@ollienilson1644]

Yes, thanks for the truth. Unfortunately, many people don't know that and think Dubai is an independent country.

[@Basaif_almahri]

@@ollienilson1644 💯💯👍

[@ReizePrimus]

@@ollienilson1644Not an independent country, but technically a country anyway since it and the other emirates have their own Sheikh and governing bodies. As far as internal affairs go, it is pretty independent. The federal government dictates external policy but it doesn't touch the laws and developmental direction within the borders of individual emirates. Just like how Scotland is a country within the larger country of the UK, the Emirate of Dubai is a country within the Federation of the UAE.

[@raaf4678]

So does Qatar help Dubai economically when they need it?

[@BS-qu5wy]

thank you for letting us know Dubai is not a country. you sre genius 😂

[@alexsteven.m6414]

Impressive video. I started a bit late (graduated from my doctorate program at age 30 in 2014 with 170k in school loan debt). Managed to pay off my debt by 2019 and currently have a house and 250k total in investments (combo of profit share, 401k and a brokerage account). I'm not very knowledgeable in investing, so I just have my investing currently in index funds mainly Too but have been putting a lot into Schd the past few months. I don’t know if that's the optimal strategy, but psychologically it is very set it and forget it, and prevents me from obsessing over individual stock performance.

[@belobelonce35]

Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

[@edelineguillet2121]

@@belobelonce35 You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.

[@fresnaygermain8180]

@@edelineguillet2121 I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?

[@edelineguillet2121]

@@fresnaygermain8180 Credits Julia Ann Finnicum, to one of the best portfolio manager’s out there. She’s well known, you should look her up.

[@bernisejedeon5888]

@@edelineguillet2121 Thanks for sharing this.I just looked her up on the web and your advisor looks advanced and experienced. I will write her an e-mail shortly.

[@didziss538]

Another important point...these countries fight to offer services, which may no longer be needed in this region, when demand for oil will decrease significantly.

[@WildsDreams45]

I don't understand how people are living paycheck-to-paycheck with 100k because when I was making that kind of money I didn't have car leases, house leases or credit card debt. I saved up money and paid in full for everything. Hell I'm still driving a used Nissan Xterra I bought for 5k with cash. I live by the beach in Florida btw. I could quit my job now and work at a convenient store and still be okay.

[@googleuser-one]

Rent $3-4k , fuel $4, food groceries everything is higher here stuck here in major cities because jobs are here… that’s why we all retire by you. Forget if you have kids to feed.

[@PatriciaNicastro-t1c]

The key words in your text is " saved money and paid cash for things". It was a different and correct way to live.

[@WildsDreams45]

Instead of saving money I should have been investing my money. It took me awhile to figure that out, but the banks were giving me a bum deal by keeping 100% of the ROI on my savings and writing me up an IOU. If I want to save I have to get gold and silver.

[@lordtraxroy]

if you wanna be rich you have to work both hard and smart and reinvest the money in infrastructure and to the people instead of spending a ferrari

[@immytweed4607]

A ferrari is just like a pair of jeans. You dont invest in cars unless you sell them. Cars are like a shirt its not wealth its just nice ride. Like first class in a plane you dont invest in first class its something you can afford but the poor just look to buy thats why you will stay poor

[@ПолинаКовшура-н9п]

If you want to be rich in Dubai you have to be born there. You can try to work there, but you are going to become a local slave.

[@ultimatestoryteller]

It's their money, their decision... You focus on your business buddy

[@oussamaalaoui9121]

They are doing both

[@bahijarhafiri]

Taking early notes from Warren as to the importance of sound asset diversification and risk management It can’t be overstated. I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any other suggestions.

[@GhanYt]

Quite true! You don't necessarily need to be a flawless investor; all you need to do is seek advice from an expert. I began investing in 2016 and pulled a profit of roughly $900k that same year despite having no prior investment knowledge.

[@GhanYt]

ROCH DUNGCA-SCHREIBER* is my advis0r. She has since provided entry and exit points on the securities I concentrate on. If you want to check her out, you may do so online. I usually trade in accordance with her strategy

[@haseebtaj]

I can help.. if you're interested in the real estate market of a developing nation like Pakistan..

[@MrBananaLady-]

Advice as follows. Liquidate all stocks and bonds transfer that wealth into drugs and recruit as many shady, low, intelligent individuals as you can for your new gang. And enjoy the benefits of an adventures life.

[@marcbouviere]

The video is not mentioning Logistics, it is an important part of the UAE economy, eg 40% of all import in East Africa pass via Dubai.

[@henq]

Correct. On the airport you see african families with huge bags, complete with washing machine and tv set and other stuff. Apparently, it is cheaper to go to Dubai and buy stuff there than to buy it locally, in Africa.

[@alwaysyouramanda]

Fascinating! Awe, gosh. My heart. I grew up poor here in SoCal and you could find a TV in the trash 🥲❤

[@sourabhmistry748]

This video has so much of negative side and assumptions

[@Free-g8r]

Yes but even that will face competition. Big ports are being built in Oman and Saudi Arabia to compete with Dubai and Jebel Ali ports. Even Abu Dhabi built a big port. KSA's ports on the Red Sea and Oman's ports on the Arabian Sea have better locations than Dubai for trans shipping. Docking in Dubai requires taking a detour and passing through the straight of Hormuz. Dubai's advantage is that their port is efficiently operated and has straightforward bureaucratic processes. Saudi ports on the other hand have a reputation for poor operations and frequent delays. But if they can solve this then their advantageous location will come into play.

[@noraN33]

Not just East Africa, Middle Eastern and Gulf countries, north Africa and other régions. It is a regional hub.

[@murphywags3096]

Interesting Video; Investment risk may be reduced in the present economic climate by: First and foremost, you should consider maintaining asset diversification across a wide range of asset categories in a way that is commensurate with the level of the personal risks you are willing to assume, the amount of time you are willing to wait, and the specifics of your financial objective. Diversification is a tactic that might help you control your investment risk, so keep that in mind. The risk of losing money due to falling security prices is unavoidable. Because it can be challenging to make investments. Working with a financial adviser may be useful if you're just starting out on the road to building wealth, since they can provide expert guidance and advice. This Is What I See!

[@datincredible4758]

Thanks, I just googled her, I'm new to the market and I need all the assistance I can get.. 🔥

[@gennarowyatt1179]

“Sharon Kay Hanna” is a wonderful recommendation for anyone out there needing help with their portfolio, I started working with her 3 months ago and I must say very professional lady, we scheduled to talk and now my portfolio is on a right track. 🔥

[@MooperRanger]

Hello ChatGPT

[@mapytrix3982]

Smh bots

[@citrineinvestorsgroup5782]

They need to start providing citizenships to investors who are investing in the city. Not everyone can get a Golden visa.

[@rahanmiah9428]

I will never invest in a City where I don't get citizenship. I'm British Asian very happy

[@jayceontalylor4244]

@@rahanmiah9428 dont invest, we dont give citizenship to non arab muslim, and after decades their sons will turn our country into those of sinful countries, no thnx

[@kachrachi]

The only disappointing part about the video is the sponsor.

[@gerberjoanne266]

Diversification is a good thing, but industries like banking, construction, real estate, and tourism won't provide any security during economic downturns. Wouldn't they be especially vulnerable? Maybe some forays into manufacturing would help.

[@nnuae]

@A B Oil is less than 1% of Dubai's GDP, natural resources in general - less than 2.5%.

[@eugenechin2863]

@Joanne "Diversification is a good thing, but industries like banking, construction, real estate, and tourism won't provide any security during economic downturns. Wouldn't they be especially vulnerable? Maybe some forays into manufacturing would help." DOnt know about that, Singapore seems to be doing fine...

[@davidhill850]

Emiratis are not going to work in a factory. The foreign workers are going to be doing that work. Why import then to do that when the India/Pakistani/Pilipino/ etc, can do low wage manufacturing at home.

[@lance8080]

Rich are going to work in manufacturing 😢

[@darev6780]

Forays you say? Tally-ho!

[@Quondom]

The term "real estate bubble" comes to mind. The United States had one in 2008, you may recall, and it was really bad.

[@abdulrahmanalsultan318]

Banks are greedy and impulsive sometimes which is driving the world to collapsing and back to the pre modernist times

[@ishaks8152]

China is going through the same problem leading to an economic meltdown.

[@Free-g8r]

Dubai experienced an even bigger crash in 2008 during the global financial crisis

[@realABN]

People in 2009 said Dubai would be a Ghost Town because of the Financial crisis

[@MovieStudio-xo1sr]

​@@realABN It would have if it did not got bail out by Abu Dhabi

[@gibsonfoo9212]

Dabai is like the center of Middle East and Singapore is like the center of South East Asia. Both cities are good at management, marketing and finance.

[@shukriramlee]

Singapore wasn't a center of Southeast Asia. Every nation in Asean were independent and have their own centre! Singapore is the one who interdependent with neighborhood nations.

[@dangerranger5978]

Singapore is way better than uae 😂

[@Tareqqq]

I've been seeing videos saying Dubai is doomed for more than a decade now. Somehow these videos always turn out to be wrong.

[@georgerh3955]

but its different now, salaries in dubai when it was found used to be 1 million dollars per year and kept devreasing until 500k a year if you only worked at a restaurant you'd make 300k$ a year, UAE did not manage there richness at the time very well to the point the salaries now are the monthly rent, whivh is very scary

[@pbarcena]

Lol salary info source ???

[@Rakshay223]

​@@pbarcenalol

[@buravan1512]

Read between the lines😂 All this news come from a place of Fear and Jealousy... They don't want to see DUBAI succeeding.

[@davidfl4]

@@buravan1512😂😂slavery- the secret sauce of Dubais “sucess”

[@RM-eg1ed]

00:25 careful planning?!!! They didn’t even put in a sewage system. They literally have to truck their poop out on a daily basis.

[@seewaage]

You're the first person that I've seen what I think, Dubai replaced Beirut! Kudos.

[@inaiyer1]

Every economic power tends to come down in time. Dubai is not just facing internal (*Abu Dhabi and Sharjah) competition but also from Saudi Arabia, Qatar, and soon Yemen. Too big a vision and artificial ambitions have consequences and will see in the coming month/year.

[@jazilzaim]

Seems like Dubai's economic clout is could start to lose quite fast. More competitors in the region coming in could force the UAE to be competitive eventually.

[@Archers2005]

Are You talking about Dubai or United Emirates ? Cause You referring to Dubai as it's a country trough out the video

[@fifillc8136]

Well, one thing is for sure. You can't find a place quite like Dubai in this region of billions of people. Not in India, not in Iran, not in any Arab countries, even Gulf countries. A place that is A--Crime free B--Clean and convenient C--Extremely centrally located D--Stable politically and for investors (ask any Iraqi, Egyptian, Lebanese) E--A great base for locating business. So that by itself is a huge selling point. And if Dubai decides to give some kind of permanent residency to people who buy real estate, then the real estate sector will definitely go up. And Dubai has the support of Abu Dhabi which has a huge wealth fund (as does Dubai to a lesser extent).

[@amberjha5974]

Most of West Europe would fit that part. Media tends to overblow and protests during the Policy Burreacracy by the legislature; most of a city is always peaceful and calm except the pockets of localities where the protests take place.

[@brexistentialism7628]

Fully agree with you

[@angcil88]

UAE does have golden visa or permanent residency for real estate investor.

[@nnuae]

@@amberjha5974 You don't know the definition of safe if you really provide Western Europe as an example. WE is riddled with petty crime, in fact, it's way less safe than Eastern Europe, whereas crime is basically nonexistent in Dubai, you have to experience it to understand it. UAE and Singapore are in a league of their own in terms of providing a safe environment. Hence it comes as no surprise that UAE is #1 in the world in the last 2 years in terms of attracting high net worth individuals, whereas Western European counties are losing theirs to immigration.

[@laine3396]

and what is it lacking? culture

[@bkgupta5528]

Dubai needs to change its policy for grant of citizenship and focus on education, IT and Industry. Its financial sector and tourism is already doing well.

[@jayceontalylor4244]

no we dont need to give citizenship to some one who is not born emirati

[@XtrAMassivE]

Even though the Dubai isn't that "shiny city" it once was, it's still not going anywhere. I don't see any neighboring countries taking its place, no matter what sort of vision they put out. Dubai itself is known for putting out crazy visions, only for them to disappear. It is much more volatile in other areas. You can notice how things are getting more serious, everything is getting more expensive, there are charging you for everything, they are slowly introducing VAT on everything, crazy amount of empty buildings, etc.

[@MrGman2804]

I used to fly through Dubai in the early 1980's and it was almost nothing. Only about 3 or 4 good hotels. As recently as the late 1990's, Dubai was still next to nothing. I stayed on Jumeriah Beach facing the Burj Al Arab in March 1996. The beachfront area where Burj Al Arab and Jumeirah Beach Hotel are located was previously called Chicago Beach. In 1996 I stayed at the old Chicago Beach Hotel, which was actually quite nice, despite its corny name. Sheihk Zaheed Road was almost non existent. It was a two lane Road with little on it. The Burj Al Arab was not finished until the end of 1999. The Burj Khalifa was only completed about 2014/5. It is all very recent. I do like Dubai, but I think it is over-built now. When you fly into Dubai, it is often shrouded in smog which was never the case before all this development. It is a pity.

[@ghassanjneinaty4421]

I lived in Dubai in 1989.. it was the best moment in my life as a kid fleeing civil war in Lebanon at that time. Do you know the neighborhood close to Automatic restaurant?

[@CafPhine]

Modern art. Good way to launder money.

[@PeruWilliams]

I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?

[@DavidButler-nm3rt]

Investing can be complex, so it's smart to get professional guidance when building your financial portfolio.

[@VictorMike-tj9dd]

It's a great idea to have a conversation with financial advisors like Naomi Dean to reshape your portfolio.

[@EliseMiller-ji9fc]

I spread out my $25k portfolio across various markets to diversify my investments.

[@DrCyrilClearance]

That's awesome! I ended up making a net profit of about $115k by investing in high dividend yield stocks, ETFs, and equity.

[@AmirSharizan]

Naomi Dean stands out from other brokers because of her realistic approach, unlike those who often set unattainable targets and fail to deliver. She's truly unique!

[@tariqal-ghazal5008]

Money can't buy Happiness? Habibi ... Come to Dubai !!!

[@eyelovecolorado2195]

The first 7 minutes is a history lesson that everyone already knows. The video really starts after this. LOL

[@worldview2888]

I still LOVE this particular video out of the other explainers .. very well done on the points. Please make one on Saudi Arabia!!

[@edgarLV]

As I see, Dubai wasn't build for people. So to change it to comfortable place where to live, it will be quite hard.

[@XxSniper32]

disagree they’re like 50% and they will achieve 100% before 2030

[@TheJumpingGuy]

It's very unfortunate that Dubai was built so suburban and designed around cars. I hope future developments will be centered around people instead of cars.

[@--ican7288]

They hate Christians They persecute Asians and Africans who work in their country

[@fadbob_]

@@TheJumpingGuy future developments? Please enlighten yourself on Expo City.

[@penukulbesi4006]

This is true, but the UAE has considered it, they must have a strategy to overcome it. There are also many foreign countries who have no world resources but still develop, for example, Singapore is still successful.

[@Ahuntsicspotter]

Singapore 🇸🇬 is hot 🔥 all the time ⏲️ but Dubai is getting the colder winters than Singapore 🇸🇬.

[@aquilifergroup]

Singapore has a highly educated population that are willing to work hard. The citizens of Dubai don’t do any work. Most of the work is done for them by foreigners. It is not highly educated or technically competent population. That’s the main difference between Singapore and Dubai

[@jhrusa8125]

A classic case of walking before learning how to crawl. A city that shouldn't be where it is, no arable land nothing of value. Dubai doesn't even have proper infrastructure like a sewer system. No future for you.

[@fadbob_]

as soon as I saw red, blue and white in that profile picture, for some reason I knew this comment was about shitting on Dubai lol

[@jhrusa8125]

@@fadbob_ Can't wait till we get to nuke it.

[@calvinlimgo]

It's unlikely dubai will lose out to other Middle Eastern countries as most of them have extreme religious belief. Most would be scared to travel to places with extreme beliefs

[@rezvlt9285]

Saudi is trying to change that with there new cities. MBS's has arrested religious leaders who want to chase away foreigners from investing.

[@always_b_natural703]

I've lived in the UAE. They're problem is two fold. This area of the world has a long history of slavery. If you're not an Emirate, you're a slave. Secondly, it's a Muslim country with the associated laws. Yes, you can drink, but it's not going to be having a glass of wine at a sea view terrace or cafe, it's going to be in a dark club, probably in a basement. And don't get caught walking on the street after you've been drinking. You won't be walking home, no matter how close home is. You'll be taking a taxi to avoid problems. Also, women can't own property. As an expat, a couple could buy a property. And if the husband dies, the property goes to his nearest male relative. This could be the couple's teenage son, or his father or brothers. Imagine the problems if the son or in laws decide to sell off the property, leaving the wife who has paid for the property high and dry.

[@jossilnazareth4402]

What? Since when can't women own property? Are you talking about Saudi or Dubai here? Lol.. women in dubai can own property FYI. You're also wrong about drinking. I don't know if you're talking about the version of Dubai 15 years ago, but things have changed, buddy.

[@vmoses1979]

​@@jossilnazareth4402Women can own property in Saudi Arabia in their own name. They have had that right since the advent of Islam 1400 years ago. The original poster is a prejudiced ignoramus.

[@timhanser1943]

Maybe they will have to bring in 5% income tax ? The only country comparable to Dubai in terms of liberal rules is Bahrain. I don’t buy into Qatar , Abu Dhabi and KSA being competitive to what Dubai has to offer . Good vid , thanks.

[@joelc9439]

They already have tax in Dubai, for high income earners..They also have GST. And tobacco tax and alcohol tax.

[@adityathakur4118]

Bahrain is far more libral and modern and tolerant than any other middle eastern country, in Dubai there are different laws for immigrants and citizens, the Dubai Gov sees us as immigrants who are here temporarily and we contribute to their economy so they tend to ignore our actions like drinking, pre marital sex, short clothes etc. Because they know they we are not a part of that country. Unlike Bahrain which has a monarchy like the British where there is a proper government they have LGBTQ rights(this should tell you how libral they are), although the Bahrain monarchy holds more power than the British monarchy but they are by far the most libral in country in the gulf. Can't compare UAE and Bahrain.

[@M3ganwillslay]

Dubai has 5%VAT , 10%service charge,10% tourism tax ..worked as a migrant labour .. I can never afford to live anymore in UAE..

[@Ai-vq8rj]

Abu dhabi is actually similar to Dubai...

[@M3ganwillslay]

@@Ai-vq8rj Abu Dhabi is cheaper ,more organised and has better facilities for families than Dubai .I live in AD since 1987

[@summertime_lol]

It's very true that UAE and Dubai in particular are facing some economical issues regarding their "backbone" tourism and real state industries, but the government is continuously changing the laws, like the introduction of Golden and Green long term visas, more softer ways to purchase a property while still living outside the UAE etc. And is also booming it's I.T and finance industry heavily. Lastly, being born and raised in Dubai, it's much more stable, secure and safer than ever before.

[@Haythem93465]

The west are dying inside seeing an arab country become such a success without the degenerate societal failure they are suffering. Im from Tunisia, I live in the US and never been to UAE but out of all the arabic country UAE is "THE ONLY" country I am proud of and I wish we had leadership like them 🇦🇪

[@USandGlobal]

@@Haythem93465certain parts of the west is dying while certain parts are and will be booming, the UAE, Qatar, Oman and the Saudis have a declining economy because their oil isn’t as important as it once was which is why they are spending trillions to try to attract foreigners but they have no homegrown innovation, most are lazy, rely on the outside world to buy their energy and above all they rely on foreign military to protect them 😂

[@sashamoore9691]

No tf it’s not😂😂 it’s a shit place

[@ghulamsakhi-v7y]

⁠@@Haythem93465 It was the West that created Dubai, not the Arabs. And who benefited the most from Dubai? It’s the West, not the Arabs. Where are the airliners built for Emirate, Etihad or Qatar? Europeans and Americans. Who are mostly the pilots? Europeans and Americans. Who supplies goods and services to those skyscrapers? Europeans and Americans. Who owns the banks? Again, Europeans and Americans and Asians. So the white Europeans and Americans have built a satellite state far from their shores with added benefit of cheap labor, low risk, and great rewards. So next time don’t be too proud of the Arabs.

[@CrazyShores]

Dubai is a fake city ... it will all crumble down 😂😂😂

[@currnhyde3123]

It wasn't built in the middle of the desert it was built on the edge of a desert.

[@planetdisco4821]

The ocean is a desert with its life underground and the perfect disguise above. Coz I’ve been through the desert on a horse with no name it felt good to get out of the rain… 😜

[@suliwa670]

It was built in the middle of the edge of the desert

[@DeniseGarcia897]

I'm so glad you mentioned this! Investing has genuinely altered my understanding of what it takes to succeed in life; sadly, we often learn too late in life that working many jobs isn't the best approach to achieve financial freedom. I now make up to $10,000 a week, which has helped my financial situation. Fantastic work!.

[@BrettGregory299]

Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!

[@RubenGonzalez_]

As a beginner I would recommend you get started with a professional broker that will guide you through the process and trade for you while you get the daily profit and rewards.

[@CoryLafund]

Do you mind sharing info on the adviser who to assisted you? I'm 39 now and would love grow my portfolio and plan my retirement

[@RahmaHamed737]

SARAH JENNIE DAVIS

[@RahmaHamed737]

That's my licesed Financial advisor you can easily look her up, Thank me later!

[@HexaBoxabl]

Most people venture into crypto to be a millionaire meanwhile I just want to be debt free

[@jeremygood3246]

That's very practical and smart goal a wise man once said do everything in your power to get out of debt one of his tips on getting rich

[@christopherhobb7702]

Just do the right thing by trading with an expert, trust me you will be successful and debt free

[@mbalimaka6393]

I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings

[@samanthadonaldson2246]

​@@mbalimaka6393I'm enjoying working under a platform that brings good return in my life and I've been making my weekly returns without stress all in cryptocurrency

[@samanthadonaldson2246]

​@@mbalimaka6393Learn and trade under a guide I do same and I hardly make losses in the market

[@berossus8125]

They don't t produce anything. Never saw a brand Made in UAE

[@darkz1563]

bc they dont have anything in uae

[@secrets.295]

They produced a lot of Oil.

[@R_K_A_]

صدقني وجت منتجات كثيرة في أروبا صنع الإمارات. 😊

[@banto1]

You don't see it. You burn it.

[@ezzidude]

UAE produces aeroplane parts and supplies Boeing and Airbus. Google strata. What kind of brand are you looking for? Leather goods? Google Ebl. Leather goods made from camel leather or camelicious which distributes internationally camel milk drinks. These are just a few of many produced in UAE.

[@hashermohammed]

Hearing this since for 2 decades. Dubai always grows

[@buravan1512]

-Learn to read between the lines 😂. -Don't you see what their intentions are about?

[@toiletfx5679]

The sponsor of this video seems sketchy at best

[@kayrosis5523]

Dubai started exporting oil in the 1960s. I predict by the 2060's it will be seen as a monument to Hubris and Myopia withering away in the sands.

[@wordsofcheresie936]

"My name is Ozymandias, King of Kings: Look on my works, ye Mighty, and despair!" No thing beside remains. Round the decay Of that colossal wreck, boundless and bare The lone and level sands stretch far away.

[@SolomFoz]

I've been hearing that "end of an era for Dubai" since 2010 and nothing happened!

[@aryaanjang]

been hearing of that since 2005 to be realistic 😂

[@lengling6585]

great work as usual

[@vinaymenon5183]

Thanks for the upload! :)

[@tycoons3021]

Man, Dubai's realest market has been growing rapidly, last year alone witnessed 76% of growth. Iam pretty dam sure lots western people are relocating to dubai because its a tax heaven. The propaganda against dubai is not new. We can see it from last two decades. But they are still keep growing no matter what.

[@JasmonTP]

ALWAYS about the wealthy in Dubai, never mentions the dark side about the poor.

[@TheSushiandme]

So Dubai is like China's ghost cities 😂😂😂

[@jerrymiller9039]

They will all fall apart without oil money

[@shauncameron8390]

And foreign labor as the citizens are in no shape to work.

[@fadbob_]

I hate to break it to you Jerry, but most of Dubai's money comes from tourism

[@jerrymiller9039]

@@fadbob_ in 2022 tourism was 5% of their gdp

[@deu8894]

Dubai once again needs to think outside the box to remain relevant in the coming decades

[@richardmorris7063]

That's not just Dubai but the world in general.

[@richardmorris7063]

That's not just Dubai but the world in general.

[@dan7582]

You didn't mention the lack of income taxes. Dubai has the potential to attract a lot of foreign talent and investment. A lot of the big tech companies has a office in the Emirates.

[@Quantum-1157]

Yeah right if by foreign you mean rich Indians looking to get away from Indias pollution, crime, corruption, 😂

[@coolbuddydude1]

Why would foreign talent want to go to Dubai? It has bad weather, less freedom and no possibilities of putting down roots.

[@Quantum-1157]

@@coolbuddydude1 ask the 3 million Indians why they left india and happily ran to the uae

[@coolbuddydude1]

@@Quantum-1157 Are you talking about foreign talent or cheap labor ?

[@Quantum-1157]

@@coolbuddydude1 try telling an Indian accountant he is just cheap labour in dubai and he will start a 3 hour rant about how india is a super power doing dubai a favour by ‘exporting’ talented manpower! And now they also started harping on about landing an unmanned vehicle on the moon! So now I am talking about (Indian) foreign talent because dubai has some of the most deluded Indians on planet earth

[@charon7320]

what's funny about this is that I get dubai real estate ads in my homecountry for houses starting from 250.000 usd, when I go to italy I get houses that start from 400.000 usd and in germany it seems I get same adds but with prices starting from 600.000. it seems the ads are targeted in relation to the wealth of the location you are in at the moment, while in reality those houses are sold to whoever is dumb enough to move in desert.

[@ContraVsGigi]

There is a huge push for Dubai estate (investments, I doubt prople are actually moving from Europe to Dubai) in this period and this is the first clip I see with a less shiny future for Dubai. They are usually bragging about how high the ROI is there, how simple it is to manage the property etc. Naturally, I am a bit skeptic about these things, but I am no investment specialist. I would like to see more clips about Dubai&Middle East, maybe an update after 1-2 years to see how things have aged or are changing.

[@ThomasTomiczek]

"I doubt people are actually moving from Europe to Dubai" - Me and my wife are 2 that did. As are some more people that I know here. Some work, many do not (investors). So, people do move here. Be sceptic all you want from your armchair, I am in Dubai.

[@ContraVsGigi]

@@ThomasTomiczek There are people moving there for sure, as the population did get to 2 million or so. What I mean is regular people, not investors. I can see people buying there, but not sure they buy for moving, my impression is that they keep those apartments as investments. Btw, how is actually living there?

[@heijin76]

@@ContraVsGigi I just came back from a business trip to Dubai and I agree with you

[@davidhill850]

Tons of Russians are moving in to escape Putin and the war.

[@YourHineyness]

Well, there goes the neighborhood.@@davidhill850

[@taurahelms3068]

It seems Qatar is doing the same thing. I've viewed their airline on KZbin. Not too shabby.

[@Kyle906-Q8]

Its one of the best airliners in the world bro. U Dont travel much internationally probably. American Airlines dont even offer HALF the amount of international flights qatar air does.

[@taurahelms3068]

@@Kyle906-Q8 I know.

[@imhyzz]

tbh, they can give emirati citizenship to foreigners who is living in Dubai once they start leaving

[@sa34w]

Not going to happen, most countries like india doesn’t support multiple citizenship and citizenship if india is important to visit their families

[@brintak7752]

Who needs indian citizenship?? There is no difference between citizen & OCI

[@joelc9439]

The UAE also gives citizenship mainly through marriage and adoption.. and many people from Iran and other countries got citizenship earlier.

[@mellow_cake2020]

​@@brintak7752 i think OCI can be revoked

[@XxSniper32]

Will never happen, we will lose our identity if this happened and afterwards we will turn like the corrupt west

[@AkashLankala]

Dubai is not rich. Dubai’s GDP is a little lower than Boston metropolitan area’s GDP, and more considerably lower than Houston’s metropolitan GDP. Also Dubai’s population of 3.33M people is about a million higher than Houston’s population of 2.2M and about 2.6M more than Boston’s population of 600k. Turns out money can go along way when they aren’t overspent on unnecessary programs.

[@--ican7288]

They hate Christians They persecute Asians and Africans who work in their country

[@matthawksworth]

I dont see substantial reason for Dubai ending. Low tax with safety will always be a driver of growth.

[@ttani2624]

Mio marito ed io abbiamo una casa a Palm Jumeirah, a Dubai, e un'altra a Milano. Abbiamo diviso il nostro tempo tra Milano e Dubai. Ci piace molto la vita notturna di Dubai. Ogni giorno c'è qualcosa a cui andare.

[@lydhrabinojg9341]

Inevitably Dubai will weaken as time goes by. Tourism is getting very competitive and other businesses they going they face stiff competition. Miracles don't last long.

[@puppypawspicasso]

They must keep moving forward. Most of what we have today came as firsts from the middle east/Africa/Asia. Study the countries around the Mediterranean sea. Major destruction=major rebuilding. Expecting to see major innovation coming from that area of the world.

[@davidjma7226]

And KSA is desperate to replace UAE in the GCC. Most multinational companies have HQ in UAE as no expats want to live in KSA so they commute. Today, if you want to do business in KSA you need to set up your office there.

[@sam-gt7eq]

​@A B 10 years ago I came across comment like this saying dubai gonna fail, bankrupt etc. Years goes on dubai going stronger and more rich. Then I stop believing everything on media sosial

[@NarasimhaDiyasena]

@@sam-gt7eq 10 years ago Dubai was facing bankruptcy due to economic collapse... they rebounded just as Miami did after 08 which left half the city vacant. But 10 years ago Dubai was the only ‘Dubai’ in the Middle East. Now they are competing with Doha, Bahrain, and soon Riyadh. Rebounding will be harder and longer. Especially when Saudis Neom projects complete. People will flock to the Line leaving Doha and Dubai. Cities trend.

[@LolaB_AbandonedGeneration]

@@NarasimhaDiyasena Still, Doha, Bahrain and Saudi doesn’t have a half of Dubai have.

[@ravanpee1325]

Abu Dhabi bails out Dubai all the time

[@davidjma7226]

Well, just once, in the 2000's. Let's not exaggerate ...

[@andyhughes1776]

Dubai is full of hot air like the desert it's built on. Indeed, the entire Middle East is that way (thousands of years of living in a scarce desert makes them that way). During the hype, it appears awesome, but because there is no substance, it eventually collapses.

[@heijin76]

Unfortunately I agree ... despite the fact that I'd love it to be otherwise and Dubai survives

[@quakebox]

Like any city Dubai can go up and down based on many factors an example is Detroit it was rich and famous in 1950s now it's an abandoned city.

[@Theiliteritesbian]

Video starts... basically never. I'm 7 min in and its all common knowledge and stock footage. Bravo.

[@stuarthunter7559]

Lived in Saudi for 5 years and had to do a visa trip every 30 days so went to Dubai many times. Fun for a weekend and the shopping is spectacular. Easy to find a good hotel for 60 quid a night and cheap excellent quality food. Beer so expensive though. Abu Dhabi is much chiller. Couldn't live there though I was offered well paid jobs.

[@getoutthere04]

Abu Dhabi has the money, while Dubai appears to have it. who bailed out who? $10 billion in 2009. Remember, Dubai is not a country. The United Arab of Emirates is. Dubai is impressive, but the average Emirati is worth $7 million in Abu Dhabi. AD and Dubai are different economies with unique, different goals.

[@countdoodoo4979]

U sure about that? Dubai is taking advantage of conflicts and disasters, because they are currently a bastion of stability. They didn't lock down or go crazy over covid rules, but instead implemented scientifically sound measures that attracted expats and tourists. With the Russia-Ukraine war, they've not stigmatized Russians and are instead welcoming them (which makes sense, since most Russians fleeing Russia don't support the war). I think they will navigate this conflict-ridden century in such a way that makes them successful.

[@JAM661]

The problem is it to expensive to buy property there and the fact you can never be a citizen doe not make it sound very inviting.

[@melissahouse3488]

Welcoming cowards fleeing their country rather than taking Putin out & standing by their motherland, and you equate that to great supply to be welcomed in!?! They are no different than economic opportunists /foreign migrants, something most native populous do not need nor want and if they were cream of the crop they'd be fixing their own country. I'm certainly no expert about Dubai, but it sounds like a similar opportunistic mentality to these winners you describe from Russia, that never ends well, everyone using everyone eventually goes South or blows up on all involved.

[@heijin76]

During covid their economy collapsed and people barely survived!!!

[@--ican7288]

They hate Christians They persecute Asians and Africans who work in their country

[@YourHineyness]

I wonder how long before the Russian Mafia shows up in Dubai?

[@sunshineboy-cy9uc]

The country has good thinking leaders who are dynamic. They have zero crime problems, very peaceful and safe. There is no country that renders so much joy and like Dubai. They can switch to level up no matter the economic challenge they are confronted with. The only problem I have is their salary structure for workers is not enough to save for a good future.

[@gregvoight8616]

I remember "buy buy Dubai. Now the music has change to by by Dubai😂😂😂

[@TarekMohamed-ol1mc]

😊😊

[@frevebe7693]

What country's economy are not in deep trouble???? Look at europe, big drama everywhere... I am from belgium, we have huge taxes but still our country has an extremely high debt. IF the economy is in deep trouble, why are so many investments being done???????????? Isn't this just another dubai bashing video??? Maybe bash some countries in europe??? I just came back from dubai, I would love living there... It is safe, no or low taxes, extremely clean, safe and cheap and clean public transport, public toilets everywhere, amazing lifestyle, amazing real estate, the best hotels, friendly people everywhere, amazing service, nice weather (well in summer too hot)... You don't have all those things in belgium. Dubai is nice if you have money. I know some people that are living in dubai and they are loving it.

[@HarryPujols]

Dubai is a speedrun of American-style unsustainable urbanism.

[@ozdenburla198]

The the only oil-rich country without the dutch disease. intelligently managed

[@caniblmolstr4503]

Dubai has no oil ironically

[@darev6780]

The shit trains that drive up and down the highways because of the poorly planned out sewer systems is a hilarious thing to see.

[@WammyOnDe]

But they have been saying that forever and it never goes down.

[@m4c4c0]

They will not be immune to the impending commercial real estate crash; expensive office towers all over the world are sitting half empty while the cost of their loans skyrocket, and the worldwide economic depression is only just beginning. Those fabulous towers are the ghost towns of the future, as they are purpose located and built, and cannot usually be assigned another role as the world changes.

[@okamsug]

Dubai is probably nice to visit once but I can never live there. It’s all buildings and sand which feels very oppressive to me, not to mention the heat. I need green vegetation and fresh water around me to feel happy.

[@3471robert]

The rulers/leaders of Dubai did an excellent job with their resources versus most of the other Middle Eastern countries!

[@shellyu1442]

The idea that people would go have a nice vacation in Saudi Arabia just seems wild to me

[@YourHineyness]

Bali, Tahiti, Costa Rica, Saudi Arabia. Yeah, doesn't quite flow does it?

[@RyotaMitarai]

Just because you guys see the present state of Dubai, don't lose your hopes in it so fast. It's still evolving and I don't think the rich guys are going to give up their wealth anytime soon. This is merely another setback for these businessmen.

[@remuspierre7573]

Awesome stuff