Is Dubai About to Collapse? (Where all the Dubai Propaganda is Coming From?)
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- čas přidán 25. 08. 2024
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Is Dubai about to collapse?
There are numerous rumors and comments all over the internet that suggest that Dubai is a bubble waiting to burst. Many say it's a fake city with an inflated market that's simply not sustainable in the long run.
Some say that investing in real estate here is a big danger, as you may not be able to resell or rent your property in the future due to overbuilding.
Is this true? Or is it just propaganda that's being spread around? Who would benefit from such propaganda and why?
Today we are covering the present and the future of Dubai. What should you be worried about and what almost certainly won't be an issue in Dubai?
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
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#Dubai #UAE #LifeinDubai #DubaiMarket
This is very true, specially in Europe there's a massive propaganda campaign against Dubai since a lot of wealthy people are moving from Europe to Dubai. Nice video Michael!
Dubai is beefing with Iran Turkey and Saudi Arabia. Not to mention EU attacks.
Europe is killing itself with extreme-left socialists policies. Now everyone is against the old american/european western liberal world order by siding with Russia or reject the west’s sanctions.
There is also a video game depicting Dubai in a state of rune. It is called, "Spec Ops the Line"
Is it propaganda to dislike everything Dubai represents?
Oh please. There is no propaganda. And a lot of things are true like a lot of very poor Indian workers living close to the parallel instagram world of Dubai
Dubai is one of those cities where when you visit it you realize there is so much crap and lies and you realize it really is amazing.
I compare to London. London, unsafe stabbings, high crime, high rent, awful weather, high prices, poor service, old buildings and low class facilities
100%
Food is expensive in Dubai, everything is imported. There are days where the air is full of dust and the temperature are disgusting so you just stay at home. It’s a nice city just to live 3 months a year. I would never buy a property here
Where would you, ideally, live the other nine months?
@@OffshoreCitizen I would go for a trifecta: Let's say 4 months dubai (with tax residence) then 4 in Spain/Italy(easy connections to other european countries), then 4 in Brazil/or other sudamerican country.
If you want to see real Dubai ...go to the outer regions where labours and workers live
Why it would be the real Dubai ? It is like saying if you want to see the real America go the ghettos.
This idea of air pollution is actually not true. When I was there for a decade I worked for the Government for a couple of years. What seems like air pollution is actually sand that's picked up in the air due to humidity and turns into haze and looks like air pollution. There's no heavy industry in Dubai, so that's not air pollution from factories. Also, they are putting out negative stuff about Dubai because loads of people are moving out of Western Countries and they're worried about the brain drain and the escape of capital. Housing has traditionally been fairly poor quality as far as newer condos etc, at least units built during the boom in 2006 to 2009, but in the past few years the quality has really improved with various EU quality agencies like TUV certifying the quality of the product.
Thanks for sharing your insights, Trevor!
Any plans of returning to Dubai? :)
@@OffshoreCitizen yes, and I'll be reaching out to you shortly for some advice and help. :)
Trevor I agree with your comment.
We moved from Austria To Dubai and We open a company but non Bank open a bank account. if find some one from India who work in a bank. done we can get a bank account. but we have to pay some some to the Indian guys but we don"t and we are in Dubai for last two year and we have company and we can not get business account. buying house is a very big problem fee is very hight once you buy you have to buy same as rent management fee every month.
"Aside from wearing masks" Who wants to keep wearing masks after 3 years, its too much and we need to be able to live our lives.
Better than lockdowns and curfews
I’ve moved to Dubai about a week ago and I’ve been to many places and only once I saw a security guard asking someone to wear a mask
Don't go to Thailand then.
My concern is food supply considering the current developments worldwide.
Yeah it's a good question
Food is a red line in uae it’s taken care off
Yes - I have noticed massive rent increases since October and November last year. It is crazy now, even places like Dubai Sports City which is not linked to Metro. Also Marina is crazily priced
But still not crazy compared to London and NYC
After recently spending two weeks in Dubai as a tourist, I can give my analysis to what I observed..... Dubai relies heavily on tourism as part of its economy.... As a tourist, I did quite a lot of shopping at many of its malls and shops..... My first observance was the malls and shops were crowded during my two week stay.....What was impressive was all the establishments were fully stocked with merchandise..... That must mean the merchants are PAYING their suppliers to maintain stock.... THEIR WERE NO BARE SHELVES AT ANY OF THE ESTABLISHMENTS I VISITED... ... No reason to blame covid for empty shelves...... I did observe projects in the midst of being constructed, however that is due to being a fairly new city..... Dubai was very clean and safe which adds to the positive experience that I had.....Dubai had rules which was basically to treat the city with respect along with conducting oneself in a manner that would not not cause problems within the community.... It seems many of the negative comments regarding Dubai comes from jealousy of a new city that is making its mark on the world.....I am proud of my country however their is room for improvement........
Thanks for sharing your experience!
Could you see yourself living in Dubai?
Lmao no one’s jealous of Dubai or the horrific country it presides in.
Do not mix up tourism with immigration. Living in Dubai is different
Dubai sounds AWFUL.
What about it sounds awful? :D
It’s a desert.
You lost me at the mask wearing. That is a major tyrannical rule in my opinion. If that is going on there, no way I would for even a visit.
Well Dubai was the first to open doors for Tourists in 20-21. Thank God I could travelled before the 2nd wave.
That's the problem actually. You lost yourself at a small con. Rather than looking at bigger Pros.
If your employer cancel your work contract you have one month to leave UAE . So UAE can not be home for forgers. Also to invest in what sector in Dubai?
Yet another great video Michael! Keep up the good work in promoting facts and truth over rumours and the fearmongering. One question though: Do they still have the ridiculous mask mandates as you mentioned in the video that they "once" had? Because it doesn't seem like anyone is following the science on this one. Here's the truth behind masks, by the numbers: the diameter of coronavirus is 0.1 microns. The best mask (N-95) can filter out only down to 0.3 microns. Everything smaller than that, including Covid, is getting through. (Likewise, surgical masks are only 0.6 microns while cloth ones come in at 6 microns. Simply put: Masks. Do. Not. Work. (Nor do lockdowns, as illustrated by the John Hopkins University Hospital study a couple of months ago.)
There's some inaccuracies in your details about masks but not something worth getting into. This being said they've removed the majority though not all of the mask mandates
i still won't put a foot there . As a woman that place scares me almost as much as north korea
these women have no husbands, fathers, brothers, sons? your pea-brain has been washed.
I love Dubai ! Sadly, most of the negativity I read regarding it, or that comes up in conversations, seems to come from a "hate the rich" mentality.
Ohhhh That's What It Is 🤔 I Get It Now, Cause I Was Confused On Why The Hate. Makes Sense. Cause I Keep Reading About The "Slave Labor" 🙄 Which Makes No Sense Because People Are Not FORCED Out Of Their Country To Come Work Here & USA Is The Ultimate Country Actually BUILT On Slaves Back, But Yet So Many That Are Pushing This Agenda Are The Ones Trying To Flock There. I Was So Lost.
They deserve the hate 🥰
My only issues with the UAE are the hot weather and the fact that it's expensive but other than that, I have NO PROBLEM with the UAE.
Sleep during day, awake at night. Problem solved.
Expensive ???? I live in NYC and Dubai is 50% cheaper in everything. It’s cheaper than most EU cities and western. Try spending a year in Zurich or Geneva. That’s expensive.
@@satyakammisra No it is not cheaper than most EU cities. That is false.
@@stephenbanks5952 I think the key in Dubai is that you can choose to spend either normal prices for most things (comparable living cost to London for me) or you can spend silly money and Dubai becomes the most expensive place to live. An example is food shopping. Spinneys is a mid-price supermarket here, but it can be more expensive than anywhere in London. I shop in Viva & Union Co-op and my groceries are actually cheaper than when I used to shop in Sainsbury’s in London.
Having said that there are a few things that are more expensive: Mobile network costs, Home internet and TV, Utilities (mostly because of A/C) etc.
If you want residency in Ireland just get yourself a Ukrainian passport and you wont only get residency but the Irish government will also give you a free house and benefits for yourself and all your kids.
cool, let me just go grab a Ukrainian passport off Amazon
There are some valid reasons for distrusting Dubai which have outraged people. I am speaking of the kidnapping and forced confinement of Sheik Maktoum's 2 daughters. These are serious violations of rights. Another huge black eye for the UAE and other countries in the area is the fact that 89% of people living there are foreign and many of the lower income workers are treated pretty much like slaves. It's not easy to overlook these issues but that doesn't mean that the entire city is bad.
I’ve noticed this sustained “hate campaign” and disinformation campaign against Dubai also… VERY strange, the place is AWESOME, absolutely love it. I wonder if it’s some kind of anti-reputation network being employed to do it or it is just an “anti-rich” thing or something else. Glad you made a video about it… The irony of this video is the comments section has become exactly what the video content is referring to, these people with these “narratives” are all over it.
Lol so true
It's just left-leaning people and bloggers who post negative content about Dubai because Dubai is capitalism 3.0 and CZcams etc is pretty much a place in which any kind of left leaning blogger will thrive.
If a destination has bad air pollution, I wouldn't live there even if it's free! Not interested in short-changing my long-term health.
where are they gonna get the people from to double the city's population?? i doubt people from developed countries would want to live long term in a desert artificially terraformed into a metropolis megacity where everything is unaffordable and most of fun activities are forbidden (alcohol, parties, freedom of speech/expression..)
Where do you think they would rather live?
Great video Michael! There is the same propaganda about China and Shanghai for instance (this is where I live). People who express bad comments about Shanghai/Dubai or let's say overall China/UAE are the ones who live in countries and cities which are doing worse than the ones they are complaining about. I find your video very insightful! Cheers! :)
I remember Dubai in 2007 and I'd never seen so many cranes with such a huge building boom!.
After the 2008 correction calmed everything down the growth appears to look sustainable.
Can't wait to see it again.
Thank you for keeping us abreast with the situation Michael.
Bri
Always a pleasure! :)
When are you planning to visit again?
My husband’s salary was 15 000 Usd per month in Dubai. Plus tons of other benefits. After many years we decided to shift some other country (same company, different branch). But nowhere they were able to match Dubai salary. We looked at Europe, after deducting close to 40% tax we would have ended up wih much less salary. Same story with USA and Australia. Only Singapore branch made sense because they only deduct 15% tax. Now after coming to Singapore found living expenses are skyrocketed, because it’s damn expensive to live in Singapore. Now missing Dubai again. Nowhere we can save as much as Dubai. Trying to go back to Dubai now. 😒
You can apply for PR in Singapore, Dubai you can't, whatever tax you pay is used for your own welfare at retirement, nobody can retire in Dubai without having lot of money, do check the job market now, people are losing jobs at increased rate and new jobs are going for lower rates than it used to. I lived in both Dubai and Singapore, took PR too, you cannot compare both one is healthy air, climate and quality of life with peace of mind in retirement, other is risky climate no retirement or PR option but gives you more purchase & lifestyle options if you spend more.
@@lawabidingcitizen5140 but it seems Singapore prefers now to hire those with Asian markets experience. Is it easy to get job?
Michael, there are negatives about life in Dubai but I think from reading the comments in every video you posted on Dubai , one could see it's based on ignorance and envey towards the wealthy Persian Gulf nations.
It's partly comes from the "hate the rich" mentality.. I know people who never been to an opera house, a Jazz club, nor a gallery but love to brag about hating Dubai because it does "NOT" have cluture,,,,just give me a break. It's so annoying and Dubai is not even my favorite city .
I have no issue of anyone who prefers to live in Europe or that Dubai doesn't suit him but I don't understand this mentailty of "love to hate Dubai" because it will make me look cultured and worldly, thats just plain stupid
YES! One-hundred percent agree. Most of the negativity I read, or that comes up in conversations, clearly comes from a "hate the rich" mentality.
"Envy"
Hahahaha, is that what you guys tell yourselves? No one envies you, no cares about you, but sure, if that makes you feel good keep repeating that nonsense.
Actually you are right bro I recently visited uae and I saw one thing that there's no freaking racism my black friend was with me and he told that uae felt way more safe than london, and shit about there's no culture? I mean what the fuck culture Amsterdam(Netherland) has red light area, whores is that the culture you are trying to find! I mean man focus on making more money and enjoy rather than hating the people who are making more
Great video Michael! Given your experience in Dubai would you suggest renting or buying in this particular phase? In which areas? Thanks looking forward to your insights!
That's really highly personal depending on your goals an he other opportunities
Saudi royal Mafia cartel family is about to go down..... permanently
This sound like promotion for dubai
Hi! Thanks a lot for your informative videos! Let’s say a Japanese national decided to hire an agent to set up a business in the UAE, does the UAE reports to the Japanese government about the Japanese national financial assets and such? Is there an agreement between both countries?
Maybe that’s true for the American national I guess
Nice video!
Thank you, Brandan!
Have you noticed the propaganda?
How is the art scene in Dubai? Are there lots of creative people there, galleries, jazz clubs, classical music concerts etc. That would be the only thing to attract me living in a big city.
No...none of the above. Zero appeal. It is a city with no soul, ruled completely by commerce and consumerism. At least that's how it was in 2007 and I doubt it's changed 😉
Yes.. Dubai is filled with creative types in all areas. It is home to a very wide variety of clubs, galleries, studios, and theaters. In addition, you will find art and music from around the world due to the extremely diverse populations living there. You really have to experience it to believe it. I was last there in 2019, and plan to return this fall.
@@sallysmith3885 that sounds good. I will look more into Dubai then.
It's not amazing compared to say London, Paris, Barcelona, etc but it is growing and improving in this regard
@@perdrixes It seriously baffles me that so many people talk about this absolute garbage place as if it's somewhere desirable to live in.
When you build a city or country on slave labour and the suffering of those who built it, the longevity of that nation is reduced. It's karma. Every action has an equal and opposite reaction. This is a natural law.
Top video!
Thanks
“Dozens of UAE peaceful domestic critics have been arrested, railroaded in blatantly unfair trials, and condemned to many years in prison simply for trying to express their ideas on governance and human rights” - Michael Page, deputy Middle East director at Human Rights Watch.
As long as there is oil, Dubai will live on.
Most of the Gulf states are built on 100% oil.
70 years ago Dubai was a small fishing village at the edge of the desert.
Dubai gets 2.5% of their GDP from oil
@@OffshoreCitizen umm but how many times have they been bailed out by AD? And AD economy is a based on oil.
@@ksaleh91 once in 2008. And Dubai is paying it back lol.
Rambling drivel. Can't express a single thought with clarity and brevity.
Who is behind the negative propaganda? Always question what you hear, especially these days, getting properly informed will benefit you tremendously
What do you think is the answer to that question?
Isnt there a big issue with slavery and guest workers being horribly mistreated?
Yes, it’s been going on for years/ decades! Big issue! Nobody really cares about it, I guess. People from India and Pakistan are treated like slaves on those construction projects!
One word answer - NO. This is exactly the type of misinformation Michael is talking about.
There is. You can literally see their horrible work conditions while walking in the best neighbourhoods
@@sallysmith3885 you don't think 800aed a month, working 12h/day, 6 days a week counts as slavery? How many of the imigrant workers have you actually talked to?
That is far less of an issue than it once was. They've brought in a lot of rules to crack down on that stuff. Are there still people who are paid little? Absolutely, though better than in their home countries
If I cut all ties with Canada, to go to Dubai, I suppose it looks better to the CRA to be in Dubai for a substantial period of time. So you would recommend getting a tax residence visa by being there for 180 days. To keep the tax residence visa, do I have to be in Dubai for 180 continuous days each following year? Or do you only have to do that for the first year, and then following years, you could be in Dubai for 90 days a year or even less?
As someone in the middle east, Dubai is NOT collapsing, its sinking!
You are just in the honeymoon period. Wait till you see you hair fall from water quality and all the little things that make your life miserable.
Interesting this hasn't been the case for people who have lived in Dubai for decades?
@@OffshoreCitizen
Good luck to you and them.
I have been in UAE for 14 years. It's a great country with leaders with a vision. When I read the comments I see referred as Dubai but it's UAE. compared to Europe females can walk on streets even in the night wearing gold. UAE is one of the safest countries in the world. I have no problems till date here. Most of the European's work here & drive there dream cars on the road. Best restaurants located in Dubai. List goes on...I love Dubai.
really interesting. keep it up!
Thanks, Jan!
What are your thoughts on today's topic?
@@OffshoreCitizen I haven't been to UAE yet, so I can't say anything about the circumstances. What I find interesting is the mentoined propaganda. We see the same thing with BTC and other high reward opportunities. Just the usual sorting methods I suppose. I want to visit Dubai soon, seems a fair place to have a residency and they seem to be more progressive recently. But what do I know. How do you like it there?
Please share about UAE economy in full the truth
even if its not collapsing its still a modern slavestate
Yes mission of mission need order now.
(1) people don’t understand tax, esp younger people not working internet and those on lower incomes whose incomes are not heavily taxed
(2) the lack of tax most benefits people on high incomes re home country tax progressive system; these people are a relative hitting minority online
(3) salary insecurity and cognitive dissonance - people on lower incomes tend to cast aspersions on alternative options, if you are earning 50k, you might say well those earning 150k are working all the time and are miserable etc. lest you concede implicitly that someone earning more might be better off and more capable. Also casting aspersions on other people’s morality re attitudes to money is hot too.
(4) Much of the internet are Americans which is far away from the UAE, so haven’t gone there, have little interest in going and it is too far to visit. I am unsure if all Americans can derive tax exempt status / the text of any double tax treaty.
(5) people don’t like heat, and it is arguably too hot for much of the year; there are ways to mitigate that by taking holidays or working abroad during the summer months, and Dubai is built as an inside city for when the weather is too hot. People play on both the heat and the fact it isn’t built like other “walking” outside cities to suggest it is poorly designed, should never have been built, and that all it contains are malls and avarice.
Brilliant
Thanks
At least no scams like European Touristy city.
If Peace , Modern lifestyle and 0% Taxes are your priorities. Dubai is the place for you.
They are king of spending money stupidly
Who are?
Your conversation is very contradictory and confusing! I understand transparency is an issue in UAE but didn’t get much out of this
I lived in Dubai from 2014 - 2018.
The Good:
- Tax free income
- Great place to travel from
- Meet people from all over the world
- Outdoors/Adventure sports
- Incredible facilities
The Bad:
- Very transient
- Too hot (June - Sep)
- No natural greenery, awful for taking a walk
- No real culture, no place to bring up children (they will be 100% snowflakes)
- Very inefficient and frustrating to do many simple tasks
Overall an amazing experience but would never live there again - makes me appreciate home in the countryside now. 🇬🇧
Great video for some perspective-taking! Dubai wants progressive people and I’m all for that. Lol. People always invoke fear-mongering on others because their situation does not fit the required parameters
duvai is fine , nothing to complain if live here as family
It could be Macroeconomics. Dubai 's main attractive is its fiscal residence and 0 tax. And attracts billions of money that escape outrageous tax systems in Europe and the USA - rest of the world. On the brink of a new Great recession with inflation ( stagflation ) ,Covid- Ukraine, higher commodites, most influx should be sent back to build a safety net . If we look at the performance of major economies, except for Germany which is industrial and exporter , most have deplorable trade balances by GDP, mostly negative for ages EU -2,-4% , USA -3%,( commercial war with China -a historic -5%) UK -8% that of an african nation , London , Amsterdam, Delaware, Luxemburg , Channel Island etc they all make money the same way as Dubai's, attracting influxes of money. But those countries have larger economies and hard times exporting, manufacturing , they became expensive ,uncompetitive, china - dependant , unattractive for producing real assets , plus they import all food/energy/manufactures and are at least in 100% debt to GDP , someone has to pay for it. This case reminds Uruguay was a smaller mini-Dubai in Latin America, but post crisis 2008 they started to have bad press , even then president of France, Sarkozy bashed on Uruguay tax system, and now became as strict and rigid like no one.Basically big economies don't want competition , their tax havens remained untouchable and want their money back.And don't forget all Gulf-states have their currencies fixed-pegged to the USD dollar for decades which is debatable in many countries no to float like most currencies, so prices should move in sync with the us-dollar.
I understand that Dubai is bringing in a VAT as well as a nominal income tax this year.
It is not someplace I want to live. I grew up in Las Vegas, to Effing HOT!!
What would be the ideal city for you?
Dubai vs Asia vs India vs USA vs Latin America vs Canada vs Africa vs France
Now just Turkey passport is available
How could you start such an amazing series with a wrong first statement? Dubai is part of the UAE, not UAE being part of Dubai. UAE or more specifically Dubai..... A good talk though
I think he knows that lol
An interesting topic but a bit of a ramble ... no offence ... so now Dubai and Dubai property is all of a sudden hot again because of high energy prices and Russian émigrés?
Don't think it has a lot to do with high energy prices so much as rising number of rich people around the world
Were you paid by Dubai tourism authority to make this video ? Honestly I don’t know what propaganda you are talking about, but this sure seems like some…
What about it do you think is propaganda?
The place is so damn soulless and it attracts the worst kind of expats. Who wants to live in one big shopping mall 365 days a year?
At least Oman next door has charm and history, you get to actually see and meet the locals who are much more cultured. And the tax system is equally as good.
This is so true . The lack of charm and history is never addressed in these videos on Dubai , let alone the sort of people it attracts
Maybe not everyone is looking for cultures?
@@FirstnameLastname-gy4bz I know. Some just prefer the shopping malls, the awful real estate deals and the escort services.
@@gabriel4596 that’s exactly why old money doesn’t go there . If you feel great being surrounded by new rich show offs, escorts and materialism and nothing else - then go for it
@@Vvermont Pretty much. + investing in real estate in Dubai is like investing in a million dollars' worth of US treasury bonds. It's absurd and suicidal.
New zealand is small not enought and mix dubai too!
Kick out.
UAE seems like one of the best countries in the world to me
What makes you think so?
If you have the money, but for the same money you will be treated better in some other places with lower expenses for same quality of property and living like many Asian and south American economies. The only thing you may not get is lifestyle with too many mall outlets and stuff in a small distance but the same purchases and consumables are lot cheaper in other economies. If you invest that money in Nepal, Hong Kong, Singapore you will have stable assets and a voice in the government due to option for citizenship, healthier air quality too
Let s be honest, how many of you work or have 24 years of work in Dubai and Sharjah,left Dubai in 2019,,was ask to work for 2 establishment of a very important family So I have very long friendships with local people who work in important places and the rest is not important
What is important is that the govern is facing big struggles before finishing the supposedly burj Maktoum but the money runs out and the change came in the first second. Thanks god.but the desperation is seen as our experience of life change from the best place in the world where was not expensive. No bad traffic and no pollution and less hassle with traffic and the country was doing great..
But the corruption came and building with the worst material from china costedUAE the fire of few buildings and the war behind the ras al khaima and Iran are serious issues as the laundry system and the pollution. The market has been a nightmare, and the golden Visa is a sign of a fear that the expatriates will leave ,the influence of the right people keep silence about the air conditioning in buildings which are not healthy and you will understand that. Good luck
And I am not jealous, I loved UAE but l saw the cruelty of the world spreading like a plague..influencer, bloggers and peoples are desperate to sell properties. Watch and don't wiant to happen anything nowhere, I pray for peace with better heart and soul than a greedy man who has been a plague for others
Dear CZcamsr, your contribution is not credible at all, since we all know that you are not allowed to say anything negative about UAE.
100 and if they find negative comment at the airport they chuck you out
Dubai is just a big propaganda of success;) in deed, starting and finishing at oil price...place for low class people 😜
Dubai only gets 2.5% of GDP from oil. How much time have you spent there?
I see no figures in your video. Only opinion
The wisest thing that should be on everyone's mind currently should be to invest in different streams of income that doesn't depend on the govt. Especially with the current economic crisis around the world. This is still a good time to invest in Gold, Silver and digital currencies (BTC,ETH...)
Pssst.. slavery claims are not true because you live in an expat bubble and it's not convenient to discuss it, otherwise might get booted.
Must be stop in this moment save for earth first.
Haven't heard much bad PR re;,Emirates- where is this coming from and why? Is this more shitlib western media?
If you bet against Dubai and the UAE in general you will probably lose . Everyone has their own opinion but the facts are the leadership here is forward looking and innovative
Ping me when there is a crash, seems like a lot of over building going on which is not supported by the local economy. There are other options now where rich people can plant 🌱 their money in Realestate in neighboring countries. Seems like the not much upside left if investing in Dubai at this point.
oh, i thought this was an objective video
For me it's just their environmental and societal setup is not natural and completely fed on oil wealth. Their nation as it stands today isn't a natural setup that was established hundreds of years ago. With a massive number of expats and foreigners needed to keep the country viable.
I love the business friendly environment and tax benefits. But it's not a naturally developed country, if the U.S. decides to stop protecting it, or Iran starts to get aggressive or oil prices drop for a prolonged period of time, things can get dicey pretty quick.
Oil is nly 5 percent of their economy
FYI .. UAE has virtually no wealth coming from oil. It’s from port transit and tourism
Since when did the U.S. ever abandon an ally?
What does that mean "isn't a natural set up" ? What about all the other countries that were not establised hundreds of years ago.?
Also, Dubai has a larg expat community but not the other emirates. Besides Dubai is not a country. I've been hearing the same comments since the early 70s if the US doesn't protect it, and since the growth in the 90s, we heard the same thing, "if oil pricres drop for a prolonged period of time ",,,,,the same broken recoerd.
I swear I'm not a big fan of Dubai but the constant attcks all the time is getting old.
@@peaceonearth8693 Exactly !
Indians probably.
Why is the air so bad ? is it better in say Abu dabi ?
I've tried researching this. Seems to be a combination of things:
- dust from the desert
- traffic
- industrial
@@OffshoreCitizen is malasya better and or Thailand ?
Dubai is the kind of place you visit once and only for a weekend. The absolute worst thing about this city, and I'm using the term 'city' very loosely here, is the infrastructure. Forget about walking ANYWHERE. The city planner must be a 6 year old child that loves Hot Wheels. The fact that you glossed over this for 3 seconds (at the 1:50 mark) is hugely disappointing. Oh, yeah, and let's not forget the air is harmful to your health. But hey, you can save some taxes! No one goes to Dubai to 'live'.
Apparently a couple million people disagree with you
@@OffshoreCitizen they disagree that the infrastructure is awful & there aren't any walkable neighborhoods or they disagree that the air is harmful? Or, are you referring to people that don't pay tax as the ones that disagree?
@@OffshoreCitizen And how does that make Dubai a good place to live? Millions of people live in very undesirable and terrible places all over the world, they're still undesirable and terrible. Dubai is such a horrid place, you're either forced to live there because you're a slave or you're being paid a ton of money to sacrifice two years of your life and then you'll move out, no sane and healthy person chooses to live there long term.
@@OffshoreCitizen Pretty sure most people in Dubai would agree about infrastructure and moving around...
I don't like UAE. Have several problems that I absolutely despise like "lack" of ground roots culture, senseless infrastructure, and human rights violations. Others are less important like the cringe influencer paradise and you cannot curse on the street (in theory of course). I can get the same benefits, of course with other downsides, in Georgia.
Like an invasion by russia?
@@2222222eddy i look at this as a long game. Russia will eventually get out of the way.
Great video on Dubai. I will be watching more and more of your channel. Very informative. Keep up the great work!✅
#430aoncrypto