When you talked about the role that prominent mobsters and shady figures play in Dubai's success, I couldn't help but think about the American mobsters having built Las Vegas...
Let alone the American government & their role in genocide & financing dictators & coups & invading other countries ETC, its just they are butthurt, this video is taken from the inforgraphic show. We are doing very well in Dubai, salaries increasing, investments getting bigger for me as an indicual so telling you, things as far as until now, it's very well.
@18:55 i have caught an interesting glitch in vlog stats ... i wont call it a flaw as i have caught many in vlogs on countries by other vloggers... the glitch is ... in 2019 HAJJ (next door in Saudi Arabia) happened in AUGUST which is 2019 H2 or in words as per @18:55 here later 6 months... whereas in 2023 HAJJ happened in JUN ie though borderline 6th month (26th Jun to be precise) but HAJJ attracts 2+ million pilgrims i.e. the person who will actually perform it.. now count the family members who r religiously not qualifying or have done already will stay in UAE and chill out till say dad returns from Saudia ... So in 2023 this phenomenon is what this vlog is saying at @18:55 .. but UAE as stay over before n after hajj is a popular religious+tourism all in one package for the pilgrim and family.
I'm a middle class citizen of Dubai. I pay 70,000AED (19,000USD) per year for my 1 bedroom apartment 15 min from the Palm. I'm not sure where he took this number of 67,000USD for rent in here , but that's not what middle class people pay. All of my friends pay around the same as me in rent. And as for the workers in lower class , most of them come to UAE with already provided accommodation in their contract
Paying $1,5k a month for a single studio apartment is crazy!😂 You don't have that kind of price in major cities in europe or America! And you seem to be even proud of it too😢
@@roseanne1466 you obviously haven't been to LA or NY, especially the nicer / more desirable areas. You could easily spend 3-4K for a studio in NY in many areas.
@@darex0827was going to say, never been to New York then. As a Cape Townian living in Dubai, I can confirm OPs statement. Video might be talking about Dubai Marina, but we are starting to see heavy increases, friends had a 2 bed at 42k, when they moved it was put on the market for 80k and similar units at 110K in same building.
I’ve recently moved to Dubai - trust me it’s awesome here. Lost an important item in a cab 1hr ago, took 20mins for me to get it back. Wouldn’t happen in any other country, and nowhere near as fast.
I am an Aussie currently living in Dubai. Listen to what these you tubers say but don't take it too seriously. 1. Most people living in Dubai are just normal people living normal lives everyone from the labourer from Bangladesh, to the Filipino in the shops to the European working in a white collar job. It's not as crazy as RU-vid's would make you believe. 2. Ask yourself where is the video creator based? It's likely they have never visited Dubai/UAE nor have lived here. 3. It's a tax haven...not true its a low tax country for companies it's not the wild west the banks and government do ask a lot of questions. I have first hand experience with this here.
@@stezenast5878 no it isn't. Credit card debt and default levels are at or nearing 2008 levels. Car and house repos are at or higher than 2008 levels. Nothing's fine.
Sad. This video seems to be full of misinformation. I'm no Russian. I m here for more than 20 years. I resigned from a top job here in dubai and went to USA and returned sooner than i prepared to go there in 2008 the year this video says that dubai went bust. While the rest of the world suffered worse than dubai they stood resilient. In 2024 I'm still here. A substandard animation using a bought animation app not even made by animation artists with ai voice there are a lot of eloquent untruths here.
The main buyers of real estate in Dubai are Indians, British and Russian. Whilst the Indians have their own system of money laundrying that is almost undectectable and a good reason to do it (Tax fraud) the real estate market will remain healthy. What you overlooked is the political aspirations of the Emirates. Many observers believe that in the not too distant future, Dubai will succumb to rule by Abu Dhabi, in fact it slowly is through both private and public purchases of Dubai's assets. Dubai's biggest apparent earner is Emirates Airlines. A pearl in the crown so as to speak. Keep an eye on its future.
@18:55 i have caught an interesting glitch in vlog stats ... i wont call it a flaw as i have caught many in vlogs on countries by other vloggers... the glitch is ... in 2019 HAJJ (next door in Saudi Arabia) happened in AUGUST which is 2019 H2 or in words as per @18:55 here later 6 months... whereas in 2023 HAJJ happened in JUN ie though borderline 6th month (26th Jun to be precise) but HAJJ attracts 2+ million pilgrims i.e. the person who will actually perform it.. now count the family members who r religiously not qualifying or have done already will stay in UAE and chill out till say dad returns from Saudia ... So in 2023 this phenomenon is what this vlog is saying at @18:55 .. but UAE as stay over before n after hajj is a popular religious+tourism all in one package for the pilgrim and family.
Listen, I live in Dubai for the last 17 years, additionally, I work in finance. Few things I want you to understand, Abu Dhabi & Dubai are cities in the same country, which means they will help Dubai, that is internal affairs, second thing, Dubai have options, if you want to live expensive, or to live like most of south east citizens living with very little spending, finally, the city survived real crisis, why they would continue thriving now when there are no financial crisis for real.
Climate change will make UAE unsuitable to sustain human life in a not too distant future. Hyperthermia starts at around 40C. Rising sea levels will take care of the rest. I’ve been to Dubai many times and have friends there but the concept of building a mega city in the desert is a flawed concept and UAE will eventually have less oil money as the dependency in oil will decrease.
@@jocke1972 Buddy, Arabs has lived in the desert for at least 5000 years, we can adopt & thrive, the whole world is changing not ONLY Dubai, heat waves in Europe, HOT Summer in Russia, snowing in the Empty Quarter Desert, reached 60 C in Iran, it's only Dubai that makes so many people butt sore, I don't know why, is it jealousy or ignorance or envious or hate or all combined, Dubai is not a new thing, Arabs & Muslims ruled the world before & when Europe were hunting women as witches and in the dark ages, Muslims & Arabs were thriving, so being successful & unique is not a new thing, it is actually the norm.
Myself as a Turkish from London, I don't need to go to dubai ! Region not safe and stable for long term for investments, politically not safe at any time extreme religion group come out a few bombs everyone run out tension with Iran Yemen problem ,,!! Not for me
23 years in Dubai 👋🏻 I love Dubai so much .. but the real estate market is volatile as we don’t get the citizenship .. so people come and go as it suits them .. that’s what I witnessed .. influx of people when the grass is green and then crisis hit large number leaves or is forced to leave (loss of job = loss of visa and funds) .. But the government is smart and they always work on new strategies how to make life here work well and attract new investments etc ..
Just came from there. If a young single guy it's great place 😊🎉 ( I am neither of those ) western food it VERY poor quality and more expensive than Dubai. Service is also very average.
Whatever infographics team it is that makes this particular style is the best. The sounds add to it, the art style is superior, and the mixing/music is just the perfect.
With AI and an app that one needs to pay only a one time of $60 and ai voice any professional knows that this is such a substandard video. To top it all it's full of misinformation. Take it from a creative who lives in dubai for more than 20 years
World population is on the rise every day, hour, minute and every second. As long as population rise, Dubai and countries where there is law and peace will flourish. Those who have already moved, started businesses, kids going to schools, best food and easy commute across the globe will think 2ise to leave. Dubai economy will only sink, if there is big conflict reaching to dubai territory. Which we hope shouldn't happen soon.
Horribly bias. It's called competitive advantage. Countries are allowed to be tax competitive, that is not a crime. Less tax, more freedom why not. What these global governance organization want is to control emigration (loss of citizens to another country) due to their own countries poor economic mis-management. If people have the means to move and are treated better somewhere else then they have the freedom to move! Emerging countries will attract talent by ensuring they are tax competitive to other first world countries. Developing nations are the place to be. You want to talk about Government Debt to GDP, look no further than the USA 130% and Canada 107% - we wont even talk about Japan at 200+% !!! Debt to GDP in UAE is one of the smallest at 38.3 % !! They have more than enough revenue to pay debts, they are no where near fully leveraged compared to other countries and have increases taxes in places to remain well below other countries reckless spending. Becoming a tax-resident of another country to reduce your tax obligation is not Tax Evasion, it's Tax Avoidance and it's legal and smart. If I move from, lets say, Australia to Brazil and the tax rate is 10% less in Brazil where I now live and work now, then I pay 10% less to the Brazilian government and Australia receives nothing. Simple. Dubai is no different, they just have a Personal Income Tax of 0%. They are growing their economy and taxing people via other means via VAT/ GST for example. There are like 30+ countries around the world that offer new migrates major tax breaks to move. The average person just never spends any time looking into it !!
they took the higher sector of the community, I used to pay 9000 USD for downtown apartment, now I pay about 5000 in sports city, they are not talking about Indians and Pakistanis
So during 2023 Dubai lowered its debt from 50% to 25%?! That is enormous. Not aware of any country that has done something similar. So that begs the question, Why is Dubai's debt level a risk at all? First of all, if it continues repaying at the same pace as in 2023 it could pay off all its debt in one year and, second, 25% percent debt is very low compared internationally anyway.
Been a UAE resident for 25 years. When I arrived I could fill up my cart with 100 dhs, now only 4-5 items. It's getting harder to survive. I am not sure if new comer will be able to sustain the higher cost of living. Without an educated working class you can't run a city. However, I guess same is the case everywhere now a days. After COVID thousands of workers have been laid off and with technology advancement many professions have become redundant. It's not only Dubai the whole world is heading towards a new depression.
As someone from Dubai I would like to add on some points. The real estate prices in Dubai right now are the same as of 2014. Inflation alone should say that the prices of 2024 should be 2.5 x the prices of ten years before. Add on to it the factors of population growth. Dubai has doubled its population since 2019. So price hikes are bound to happen. That said is it a bubble? But the prices being offered are forward calculated two years from now. So if Dubai does show the same growth it has shown for the next two years these prices would be justified otherwise it would fall by close to close to 20%
@18:55 i have caught an interesting glitch in vlog stats ... i wont call it a flaw as i have caught many in vlogs on countries by other vloggers... the glitch is ... in 2019 HAJJ (next door in Saudi Arabia) happened in AUGUST which is 2019 H2 or in words as per @18:55 here later 6 months... whereas in 2023 HAJJ happened in JUN ie though borderline 6th month (26th Jun to be precise) but HAJJ attracts 2+ million pilgrims i.e. the person who will actually perform it.. now count the family members who r religiously not qualifying or have done already will stay in UAE and chill out till say dad returns from Saudia ... So in 2023 this phenomenon is what this vlog is saying at @18:55 .. but UAE as stay over before n after hajj is a popular religious+tourism all in one package for the pilgrim and family.
Most data here is not accurate, average family apparement doesn’t cost 67K usd a year! It’s more around 90k AED. there will be real estate collapse eventually ofcourse but that’s part of the normal economic cycle
Dubai already seems to be addressing the issue of shortfalls by planning out ahead and working with a lot of the expats and foreign residents to establish a compromise on taxes. I think everyone coming there for relief understands a place like Dubai doesn't run on pixie dust or the wave of a magic genie's hand. The infrastructure needs upkeep and helping the city they choose to reside in isn't outside the scope of their goals and/or ability. Finding a comfortable level that everyone can agree to will take some time, but the current 9% being rolled out isn't too great a fee and it'll take a few years to see if the managerial administrators will use that level of $$$ properly. I agree that Dubai can't expand and grow forever. Resources are strained and its the scarcity that helps it keep up the real estate price levels and the mystique of being lucky to be there. As long as all parties concerned (UAE, Dubai local govt., and visitors) don't get greedy and try and overreach on each other, it might not be so bad as 2009.
I am in Dubai from past 7 years. I have watched the whole video. Its good for those who hate Dubai. Dubai is the best city in the world. Tell me a city in Europe or US where you can wear expensive watches and feel safe walking on the streets. Habeebi come to Dubai..
Dubai is one of the best and safest place in the world. The best place to do business. The best place to live with Family. High quality food and medicine.
How EXACTLY did they recover from the 2009 crash? They didn't! They merely papered over the bad esoteric RE derivatives with more dent. Like the USA, it was never actually fixed. Instead, they papered over it with yet more debt
There is a chronic UNDERSUPPLY of real estate in Dubai. And no, we don’t pay those residential prices. Yes, our prices went up, BUT it was a correction after COVID
To put it simply for everyone: As long as Europe and all western countries keep imposing their 40 to 50 to 60% tax rates, Dubai and all gulf countries will continue to flourish.
In reality, Dubai operates under strict Islamic Law with a monarchy. If you are rich enough, you can pay for the authority to look the other way. For most, you either get shipped home or spend time in prison. It will be more than a decade until there is a working sewer system. Human Waste Trucks are a common sight, as they leave the city and dump their cargo in the desert.
It operates under an extremely strict system but it's not Sharia. You don't pay jizya (for foreigners' freedom of religion) You can openly sell pork and alcohol. Infact most Emirati i know drink alcohol. You don't get stoned for adultery or blasphemy.
I have seen a poster in Dubai Airport claiming to have the most tourist in the world and instantly figured they counting their assists in people transitting more and more frequently through their sandbox as full bodied tourists. Hearing it here again with the overall facts makes me go further thinking they be scamming with this one the shit out of people pockets with growing their surrounding airport enjoyment space for short transists. Even making transits extra long for more money reasons... Man..
Dubai is the most secure and safe place for all types of people. millions of people visited Dubai in Q1 2024. if you check the UBS report then there is no any bubble in Dubai. Dubai is the best place for business and investment
I belive Dubai will prosper I have confidence in how the emirate is run, they are known to be pragmatic and quick to respond. As everyone now knows Dubai has introduced a 9% corporate tax as one of the measures to help pay its debt.
They abuse Filipino people like myself in that city!.!. That’s one of the reasons why I don’t want to visit that city!.!. The concept of Human Rights doesn’t exist in that city!.!.
You can tell how long this video took to make. But I still wish they included some real-time updates before posting it. For one, did they get removed from the gray list? Also, the oil price is up again. Maybe not back to $100+ per barrel yet, but still pretty expensive :P
There are definitely a good amount of Russians, I'm american and over half my friends here are russian. However the Russian influx drastically tapered off the 2nd half of 2023. My wife works fir a business set up company that services primarily Russians and she closed twice as many bank accounts as she opened in 4th qtr 2023.
Nope, China is doing great compared to the rest of the West. Western real estate speculators in China doing bad, but Not China ...they make everything.
Middle East is too poor to think. That's why the Arab wise words said: اطلب العلم و لو بالصين meaning search knowledge even all the way to China . As Indonesian Royal, I am a complete multiracial, fluent multilingual, living around the world all alone since childhood.
This video is wrong in my belief. What other city is looking forward? Maybe Singapore? But if you look at dubai compared to American or European cities. Dubai is way ahead in investment and innovation. Dubai will far succeed in the future compared to any other city
@@glennjanot8128 yes. Before a project is allowed to start building, a majority % of the units have to be pre sold. Because prices kept rising, a lot of agents and speculators would buy up units on paper (construction plans), with deposit only, assuming they could sell them before the final closing (balance$ due), and make a profit. I think it’s called “assignment purchase/sale”. The condo market is now, finally, breaking, and they are slowing dramatically in sales units, and usually at a price loss, if they were purchased at the peak of market a couple years ago.
yeah and there's still plenty of Dubai land to build only further away from the sea. people should skip to the last two min. of the video where the truth is. While it is true that Dubai has a fragile economy without exports, there are small countries that still thrived due to their trade and tourism industries like Singapore and Hongkong. The worst case scenario for Dubai is to have tourism during winter which is enough due to plenty nearby rich countries with cold climates.
You are talking about city in a rich country UAE this video is trying to give negative vibes about what’s going on investment is increasing and money is generated
The video is making valid points also. Dubai is adding corporate tax of 9 percent. The next step which is also rumored is income tax. Dubai doesn't produce oil like abu dhabi. They have been in debt, interesting to see how they navigate it.
this is miss leading, first of all Dubai have managed debt and reduced it. Dubai will remain a benchmark City as we keep challenging our self to provide better quality service in governmental and private sector.
@18:55 i have caught an interesting glitch in vlog stats ... i wont call it a flaw as i have caught many in vlogs on countries by other vloggers... the glitch is ... in 2019 HAJJ (next door in Saudi Arabia) happened in AUGUST which is 2019 H2 or in words as per @18:55 here later 6 months... whereas in 2023 HAJJ happened in JUN ie though borderline 6th month (26th Jun to be precise) but HAJJ attracts 2+ million pilgrims i.e. the person who will actually perform it.. now count the family members who r religiously not qualifying or have done already will stay in UAE and chill out till say dad returns from Saudia ... So in 2023 this phenomenon is what this vlog is saying at @18:55 .. but UAE as stay over before n after hajj is a popular religious+tourism all in one package for the pilgrim and family.
@@vesislavaofficial Okay, after this statement, to publicly hamliate you, let us take a selfie in where we are and see if you ever were allowed to enter this holy city, this is a holy city for us and its restricted for some like you, go away.
The secret of Dubai's success has been its ability to attract RU-vid and social media influencers, who have provided the city with paid false advertisement. This is nothing just some skyscraper on hot sand.
The government of dubai needs to collapse the market so more people and more tourists would come to the country back again if this prices continued to be the same no one but few would stay in the country
Please correct the map of India. Dubai was punished by FATF but guess that does not stop them from ballooning inflation and real estate bubble. Time will say whether they will go bust or will be stopped by sanctions on their businesses due to shady transactions.
The big problem with Dubai is the lack of water that has to be brought in trucks from far away, the sewage that has to be sent also in trucks to deep sea water so the city don't stink to high heaven and the super hot climate that has to be heavily refrigerated as to be humanly bearable and Dubai hás no oil reserves. So to keep Dubai running it will require more and more money till Dubai becomes unfeasible, not viable. Who knows, Antartica may becomes the New Dubai with global warmth.
Brilliant. I lived in dubai for 22yrs.Dont invest ur money on sands.over priced properties,no buyers,most towers still r empty.low quality of buildings hits by one day rain.climate change will change dubai hubs.
This video reeks of envy, and your arguments just won't hold up. If the Western world truly wants us back, they should slash taxes to zero. Yet, even if taxes were nonexistent, I still wouldn't consider returning to Europe. I simply can't endure the cold weather any longer.
Nassir al shike statement goes back to 2009 thats an outdated statement cut the crap man and stop gaining attention by using dubai name as a click bait!!!
It is the best place in the world. The only people who think otherwise haven’t been to Dubai (sure there are exceptions-the loudest voices) people living here who are happy aren’t making noise-they are enjoying life.
@18:55 i have caught an interesting glitch in vlog stats ... i wont call it a flaw as i have caught many in vlogs on countries by other vloggers... the glitch is ... in 2019 HAJJ (next door in Saudi Arabia) happened in AUGUST which is 2019 H2 or in words as per @18:55 here later 6 months... whereas in 2023 HAJJ happened in JUN ie though borderline 6th month (26th Jun to be precise) but HAJJ attracts 2+ million pilgrims i.e. the person who will actually perform it.. now count the family members who r religiously not qualifying or have done already will stay in UAE and chill out till say dad returns from Saudia ... So in 2023 this phenomenon is what this vlog is saying at @18:55 .. but UAE as stay over before n after hajj is a popular religious+tourism all in one package for the pilgrim and family.
Dubai is not for everyone. While super rich relocate here, they save up to 40% on taxes, enjoy 350 sunny days, in very secured, posh, ultra high quality life. Can you believe that you can wear 500,000$ watch and walk to Mcdonald?!) yes it's possible in Dubai 😅
