How did Dubai get so rich? | CNBC Explains

[@asifrocksful1]

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]

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

[@asifrocksful1]

@@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]

*100 True*

[@ganeshchelluboyina]

Most informative KZbin comment I've ever read!

[@becksurinboev4093]

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.

IF u have money and gud job there, Its a Paradise and if u dnt have much money and just a low job, Its a horrible place to be.

[@Walter_Saint]

Its true

[@ubuntu2551]

That goes for every place in thd world

[@sheikhmezan]

💯 % agree

[@minatonamikaze1622]

M H if you don't have money its a good place to be because they have free housing for the poor people and unlike the us they are allowerd to go to stores and restaurants there are no homeless people there too

[@Carpathianrelinquished]

There are plenty of places that are horrible if you don’t have a job....

[@cup_and_cone]

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

[@Thaddeus-ml8if]

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]

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

[@tvdylan]

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

[@dominic4981]

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]

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

[@jk35260]

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

[@kepodehandah07]

@Scarly Al Bloushiit's means qiamath

[@shivesh525]

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]

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

[@Outlawz1971]

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

[@telltrue491]

Then stop called your self rich...

[@sumax-nz1je]

Actually yr wrong Dubai is cheap

[@velocicraig4320]

@@telltrue491 was

[@zikpuiithlohthang7611]

I dnt thnk so...

[@عبداللهالمالكي-ز7ق8ع]

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

[@em2738]

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

[@survun2440]

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

[@najibyarzerachic]

Wow you are a keen observer dude 💙💙

[@davidquan5626]

🤣🤣🤣🤣

[@MikeStillUK]

DOOBAI or Dubai?

[@ЕленаЖурат-п3н]

Dubai

[@kittervision]

i think it's DO-BUY

[@isaakhan004]

@@kittervision Dubai

[@isaakhan004]

is the answer

[@kittervision]

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

[@amvdmaker2386]

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

[@ozzyfromspace]

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]

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]

It is because of international politics that made some country poor

[@nutzhazel]

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]

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

[@riplikatlnloki5091]

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

[@filip8985]

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

[@joelahmed3801]

Dubai is nothing without migrant workers.

[@rivvy2138]

Yeah no shit. Who's denying that?

[@mosana19]

So as US

[@Ryan-dq9sl]

Lol of course and USA and Canada too

[@riplikatlnloki5091]

Ryan not the same as Dubai

[@riplikatlnloki5091]

marnakisava goold laborers get treated worse in Dubai

[@supreme5580]

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!

[@jzk2020]

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.

[@farmislife4083]

as in gdp per capita 👌

[@investinomannow1]

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]

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

[@jaye1006]

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

[@djweavergamesmaster]

But you are called invest in turkey.

[@ArmanAli-wg4rq]

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

[@தமிழன்-ப3ன]

@@ArmanAli-wg4rq moodiy 😂😂

[@bendover5975]

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

[@happyiest3877]

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

[@wedas67]

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

[@wedas67]

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]

Mr Cruzih2000 its true

[@ilaila2981]

Trading as a free entreport like Hongkong & Singapore.

[@reploid001]

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

[@ritikaritu2181]

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...

[@TheMBizm]

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

[@deadringer2349]

Lol. this is what slavery do to a country

[@someone-wi4xl]

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]

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]

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

[@drago_024]

BODZ and slaves built the ugaye.

[@arnievincent98]

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]

Wait? From when is oil future?

[@arshaq4200]

@@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]

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.

[@luxushauseragency]

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]

By exploiting the poor and cheating the wealthy

[@lisalisa3110]

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]

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]

Monarchy are corrupts

[@sirat-al-mustaqimbyshahabs1418]

Absolutely​@@jericsonsalvacion2355

[@sumayachannel6966]

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.

[@usmanali7222]

No the question is how did i got soo poor

[@JW-mr5mh]

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]

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

[@JW-mr5mh]

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]

@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]

@wIdIt I never said it was a lot.

[@beyondsingularity628]

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

[@randomworld4662]

oil

[@kusvahaperez2122]

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]

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

[@kelvinharry8615]

@@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]

@@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]

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

[@kusvahaperez2122]

@@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.

[@davetv4705]

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

[@Thaddeus-ml8if]

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

[@ricoshae5235]

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.

[@Thestartube12]

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]

Abu Dhabi and other related Emirates.

[@ballsack6470]

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.

[@MohamedAlnuaimi71]

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

[@riplikatlnloki5091]

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

[@Han-es8qu]

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

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]

sharif jahan agreed bro

Mohammed Mehdi thank you for agreeing brother.

[@dattape2828]

sh*thole

[@KingAlphaOmega]

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

[@Carpathianrelinquished]

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.

[@lindanorris3226]

THANK YOU SO MUCH FOR SHARING US 💙💫🌎

[@isaakhan004]

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

[@equation2764]

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]

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

[@hewu7300]

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

[@anganbakonjengbam5567]

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

[@michealgraham8109]

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]

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

[@Thyago2420]

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

[@michealgraham8109]

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

[@michealgraham8109]

Eddybruke.info

[@jamalford961]

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

[@knabin21]

Cheapest labour & full tax are main sources of uae so rich ! 👊richer are richest & poor are poorest !

[@Hamim963]

nabin lama full tax?

[@ferasalhati8713]

Taxes (VAT) has just been interduced by Jan 2018.

[@aurossjenulfmoneda4622]

Expats are the resources of the country.. that’s the real thing nowadays

[@imaie3617]

auross jenulf Moneda yes, but not just the expats. The leadership’s vision was the main reason. Who allowed expats in , in the first place? Look around and you will find countries, though richer in Natural resources, with people below poverty line. Though their leaders have wealth, they are corrupted , spending that money to make a mess in other countries to weaken other countries rather than spending it in their own country and on their people or expats.

[@jomarpascual362]

nabin lama you dumb as hell

[@paulsound7714]

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

[@chieflyon5130]

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]

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]

@@yamcha8309 😂

[@fudgerace4356]

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

[@alee5222]

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

[@davion3091]

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]

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]

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

[@Ultron-o3i]

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

[@Ultron-o3i]

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

[@comfortassam8769]

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]

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

[@molliemartha4620]

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]

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

[@dannydevan7468]

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

[@ivybrooke7601]

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

[@gillesfrance8511]

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

[@ronj5407]

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]

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

[@lemagnifique1573]

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

[@raychelleinjete9870]

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

[@braydensmith8703]

I love learning about this stuff

[@paulmaking1980]

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]

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

[@Thaddeus-ml8if]

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

[@dwaynekeenum1916]

@@Han-es8qucringe

[@Breathingdeeper]

One of the more truthful videos on KZbin

[@johnnahason4851]

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]

Bcos corrupt government and mahathir lol

[@bilis.export]

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

[@ThousanWhite]

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

[@khalilmosa3414]

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

[@bennymangina11]

Great job with this, quality video.

[@SANDWICHvanquish]

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

[@exalcarvajal2610]

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

[@shaqmask]

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

[@zayedalshamsi7321]

It separated before the British came read history

[@blocksterz]

The greatest Slavery pot in the modern history

[@hamdanzoghbor7441]

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]

America?

[@mariettahermosa]

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

[@juliencastle2953]

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]

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

[@nitishvaidya3511]

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

[@Shagamaw-100]

There is no give without take.

[@retrodude5424]

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

[@zainabbas2785]

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

[@dhruv6373]

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

[@deVon30241]

Slave labor.

[@pitufofuckedyomomma9085]

Devon Angell facts

[@travelwithshad2238]

You are evil

[@pitufofuckedyomomma9085]

md dilshad alam -Does not know about slavery

[@travelwithshad2238]

Ok only you know better

[@deathshade2969]

Devon Angell Can you explain why though?

[@randomly_random_0]

one of the richest, one of the worst place to be a worker. lol

[@WarisMalik-lo3gj]

Well to be honest, they gave overpaid jobs to foreigners but treated them bad. But u can be a software engineer in China or India and believe me you'll implode! Those companies will suck everything outta you. But you'll be paid well.

[@gabriel55688]

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

[@rext8949]

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.

[@sirkoenigsegg9463]

If Iraq didn’t go threw all the wars it has gone threw and currently going threw, Dubai would be nothing in terms of modernity compared to iraq.

[@dgarnush]

If Iraq did not oppose/hate/war Israel then it would be a prospering country.

[@hnys7976]

Don't worry Iraq, Iran, Syria, Yemen, Lebanon still has oil for centuries. Not decades, centuries.

[@omaralaskani2155]

HN YS Lebanon only recently had oil and they are still the least oil producing country in the Middle East

[@equation2764]

@@hnys7976 As the video said, people are relying less and less on oil.

[@arthurpratama7224]

@@hnys7976 yea, but US and Israel will. Come after you

[@sidds_leo]

It maybe beautiful today and has a lot of people flocking in, but it kills me when i know that the streets i m walking in was made by underpaid workers who gave their sweat and blood away. The workers didnt get houses in return, infact there passports were confiscated which meant they had no choice but to do this job in the hope that one day they can go back home and see their loved ones.

[@ateshakira6522]

Omg, so sad. 😭😭

[@NoName-zp7bg]

2 GB RAM😅😅

[@goran2009]

That place is boring, soulless and artificial ...

[@clementyang5260]

Goran Farkas so is every city

[@harshdeep127]

Agree with you bro

[@1computernew]

I had a fabulous time when I was there. Never a dull moment because there was so much to see and do.

[@saifalattar5341]

I live there and it isn't

[@sarahdsouza6718]

Goran Farkas boring , soulless and artificial is not the best way to describe e this city but to describe you, there is never a dull moment here in Dubai and everywhere you look you can admire the beautiful architecture.......if you don’t believe me come and take a look ....I’d be happy to tour you around the city ;) =)

[@DrDsIT]

They purposely failed to mention it was the British and United States that were primarily responsible for the slavery involved in the construction. The UAE had responsibility in it as well since they have been extremely active in slaves taken from Africa for centuries. I've seen it and was both amazed and disgusted after spending a month there.

[@max3zizo]

Oh really, you pulled that historical story from your ass? UAE did not exist centuries ago, only one tribe lived here over 100 years ago (Bani Yas) and they were isolated. They only enslaved other Arabs, not Africans.

[@DrDsIT]

Jack Tate you're not looking deep enough or you're a troll for CNBC. Watch this video and search for the others on how migrant workers from India and other places were paid nothing and we're tricked into borrowing money from family and friends before they left their countries to pay up to $5,000 for jobs that they never earned the $5,000 fee back. They were tricked into believing they would earn several times the amount they were paying for being allowed to work. kzbin.info/www/bejne/d2fCkpKuj96cfrM

[@DrDsIT]

Jack Tate you sound like a slave owner yourself. How many people from India, Africa and other countries have you taken advantage of and called it your hard work? You make yourself feel good about the lie that they are better off in Dubai because the wages in India are less. While you British, Russian and American's extract excessive margins on the backs of migrant workers that you've tricked into making you rich. I'll lecture you and send links as long as you're alive and responding. A month is more than enough time to observe criminal activity. kzbin.info/www/bejne/p2TVqZegppmMb68

[@thimothialbani9543]

David Blakley ..It's wrong.. uae gaves good salery

[@thimothialbani9543]

Britain made slavery in many colonies... In india... Britain looted many things

[@rishib94]

Can ANYONE tell me the name of the song playing in the background from 00:23- 01:00??

[@akashje]

Did you find the song??

[@rishib94]

@@akashje Nope

[@monsouranda2822]

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

[@vlz.matthew]

false

[@hb2008]

I’m happy I live there 😃😃😃

[@mohamednashar9859]

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.

[@roshnigawandi]

So many hateful comments about Dubai which I cannot comment on cuz I had visited this place as a tourist. All these scenarios may or may not be true but I had really enjoyed my time there. I know that the labour section is badly treated (thats what I saw in some videos) but it’s amazing to see the kind of vision they have to make the city better and better. Also, racism is everywhere. Even in Mumbai, people coming from rural places are treated differently.

[@gaganjain806]

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

[@Meeroh.89]

Abu Dhabi is the largest Emirate, not Dubai.

[@mistermood4164]

not population wise.

[@vrc48]

Largest by population

[@isaakhan004]

Abu Dhabi is the capital it does not mean that it is big judging by other sources it is dubai.

[@AKJH5AM]

There are seven emirates. Not 6. Abudhabi is the largest emirate , geographically and demographically

[@riplikatlnloki5091]

Isaa Khan are u dumb, check the map

[@jessicaang878]

Oil is probably going to be useless in another 50 or 100 years. Without other natural resources, growing manufacturing industries, and enough working-age populations, it is possible that Dubai is not going to maintain its luxurious lifestyle.

[@hawaadanadan4205]

Jessica Ang doesnt matter they still have the buildings and skyscrapers they made besides they rich enough to last a long time even without oil

[@ferasalhati8713]

Their re-exporting activity is massive, their tourism is growing rapidly, and after 2020 will be their real boom. Oil isn't that much of a factor

[@malcolmborg1]

Oil revenue accounts for a tiny fraction of Dubai’s GDP.

[@user-vg1fu1xb5l]

Tourism in Dubai is just caused by the Air Route Hub coz most long distance flights get a lay over there for refuel and that counts as a tourist so having said that lol . . . . there is almost nothing to do there unless watching man made waters/islands i better go to asian countries

[@TheSpirittaker]

Jessica Ang dubai's income doesnt come mainly from oil, dubai's fuel is going to run out within thw next 10 years.

[@queeniemars159]

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

[@Javalipapere]

I worked there once per month for several years selling blast resistant buildings. It’s cool how the economy is based on fossil fuels and banking/construction. They had a huge stone pearl near the cornice

[@user-lt3ee1yo5j]

I love DUBAI from MALAYSIA

[@chrisblanco8593]

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 🌎

[@bwing411]

Quite frankly they are just more ambitious. They had a crazy vision, and decided to chase it. I applaud them

[@drago_024]

bryce e by using slaves. If you're gonna applaud them you might as well applaud the fucking confederates

[@chukim8012]

Hahahhaha...that was a joke right? Or you are deluded.

[@zubeirmohamed8551]

Smart man.. only a rich man think like that:) I applaud you. I'm From Somaliland and we let DP world run our Berbar Port..Dubia; Ambitious Muslim Country!!

[@cobalt1754]

They have a large south Asian workforce that works for low wages and in dangerous conditions and withhold workers' passports so they can't return home. So yeah, it is a pretty crazy vision.

[@enochst.1328]

From Camels to Ferraris! They basically bought and paid for everything. Now that they running out of oil, they’re now desperately taxing everyone.

[@someone-wi4xl]

lol no Dubai emirate revenue of Oil is just 2-3%

[@bolztyle]

did u not watch the video or something you idiot the guy says oil makes up 1% of its gdp

[@axiljan5709]

Actually being an analyst of businesses, i don't think so. Taxes become a necessity to control and govern resources

[@chukim8012]

That 2% figure is bullshit. They get money from oil or gas in some form and that combined with virtual slave labor allows the extravagant wealth of the country. Plus the sheikh borrowed shitloads of money from international investors who are going to get burned big time. But they do it to buy some political control in the mideast.

[@halfvolley11]

No. UAE has plenty of oil.

[@the.invincible]

In my view, Few reasons Why Dubai is rich: 1: CHeap Labour from south Asian countries 2: Corruption in South Asian Countries ( corruption income flies to Dubai). 3: Indian invested nearly 20 billion dh in 2017 Pakistani invested 7 billion dh. 4: The rich people in Saudi Arabia invest in Dubai because of strict laws in Saudi Arabia. 5: Because of continuous unrest in the region, rich people migrate to Dubai.

[@christiandior3888]

For reason number 3, what does "dh" stand for?

[@sirat-al-mustaqimbyshahabs1418]

​@christiadh means dirhamndior3888

[@davetheman2615]

Great video very informative

[@depurodinerohomie5006]

So basically, cheap labor is the key.

[@anthonyj.s.7266]

Nah. Stop hating

[@ENDPEARL]

IN DUBAI SPORTCARS ITS JUST LIKE A 👌🏽

[@Robbinson]

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]

@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]

@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]

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

[@TopTravelOfficial]

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.

[@samimuzammilhabib5415]

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

[@arifsudarsono6509]

Dubai is lit🔥

[@ahrlj24]

Who has better infrastructure China or uae?

[@ahrlj24]

Isaac Livskog I think uae because Burj khalifa, Palm jumeriah, dubai frame, the world (coming soon), bluewaters island, (coming soon), Dubai Creek tower (coming soon), global village, medinat jumeriah, Burj Al Arab, Dubai marina walk, Dubai canal, Dubai fountains, marina waterfront, and aladdin city.

[@pontyva]

ahrlj24 UAE

[@alpha-vs1fx]

China actually

[@wimola]

yes but UAE only have those 1 city Dubai and Abu Dhabi, the rest are so so. China however consist of many metropolis, Shanghai, Beijing, Guang Zhou to name a few. So we cannot really compare

[@rajeevrp1500]

Well, we can say Dubai downtown has arguably THE best infrastructure in the world, but we can’t compare it with China. Dubai is 0.01% of China, what China has done on infrastructure front at such a massive scale all over their country is unparallel in the human history.

[@lavendera6846]

Mashallh..May Allah blessing this city

[@muhammadfazan891]

I live in Dubai and it so beautiful

[@MsJamilaaa]

The "secret" of Dubai is good leadership and lack of political opposition and corruption. If the countries who are genuinely rich would have that, the world would be a different place.

[@eugenejoseph6910]

That's what u get when there is no democracy and someone in charge who focuses on the upliftment of the nation a shame that cheap labour was a big tool to getting where they are as well.

[@jeremyclyde3006]

So true. The model of democracy is basically its my turn to get rich here in Africa.

[@mohamedmana3646]

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.

[@brandsplanet4381]

Dubai is just 1.5 hours of flight away from my house but I never went there. It's too expensive.

[@modj2005]

true, i live 45 mins away but i rarely go because it is way too expensive.

[@akashje]

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

[@serinvarghese1675]

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

[@BlueHoodieStudios]

Maritime trade, oil and favorable foreign investment policies, but centrally, it got rich the same way the US got rich so quickly: cheap labor. With the US it was literal slavery, with Dubai it's quasi-slavery.

[@riplikatlnloki5091]

Shifty Fox for Dubai its literal slavery except the wages

[@dsen7855]

Slave labour, ask any people who managed to escape from there.

[@mariamhasan4652]

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]

What is VAT?

[@charlesnnadi4322]

No one forced you to come do Dubai, it is a matter of choice, you can always stay in your country or go back if you don't like it in Dubai

[@callinkin]

Spent 6 minutes on the video. The comment section took me about 30 minutes, it was interesting