HomeNews & PoliticsRelated VideosMore From: CNBC International

How did Dubai get so rich? | CNBC Explains

14540 ratings | 1080644 views
Dubai is a global business hub and luxury tourist destination that boasts the world’s tallest building and a police force that drive supercars. So how did it get so rich? ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMv Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi
Category: News & Politics
Get embed code!
Text Comments (1196)
Dr Ariono Dhanisworo Indra Budhi ST MEng (1 day ago)
Dubai is responsible in middle east massacre, tell me frankly, you want to kill black skinned man, right ? Don't answer, your cigar did that.
Dr Ariono Dhanisworo Indra Budhi ST MEng (1 day ago)
If you good at misusing religion then, you re qualified to live in dubai.
Sage Bias (4 days ago)
Slavery
TheoristDude (6 days ago)
You know, oil
Chham Gurung (8 days ago)
Lowest salary to the worker and become rich
Andre (9 days ago)
Most toxic place in the world .. I will never visit it
MrTorque777 (10 days ago)
have you ever heard about "Modern Slavery".. you might get your answer that you're looking for..
HN YS (11 days ago)
Arabs in the Middle-East are only rich by abducting and selling sex slaves, they're lucky to have come upon oil, they're crooks. The beautiful skyscrapers they have were built by slaves of whose passports were stolen from them. They don't get paid, work 14 hours a day and are barely fed. In America the skyscrapers are not as beautiful but the workers get paid well which is what they rather prefer to have huge buildings. It's not that expensive to build a huge building when you aren't going to pay the slaves building it anything. Btw I am Muslim myself
HN YS (11 days ago)
Enslaving people and making them work 14 hours a day with barely any food, no pay with their passports abducted from them. That's how they get rich and have huge skyscrapers
moist faucet (12 days ago)
because the stupid American transfering their wealth to them in exchange for comfort and Dream
Jawed Hussain (14 days ago)
From. All over the world black money laundering was welcomed to Dubai, poor countries corrupt politician and business men brought their illegal money and his highness sheikh Muhammed never bothered to ask what kind of money is coming, and he has no moral courage to make any law to curb Money laundering and black money, because he is himself corrupt and he is not different from other Arab Leaders and his administration under his nose exploit the poor illiterate expats and his highness continued to suck the blood of the workers who contribute their blood to build these high rise Monuments and graveyards for the ultimate residence so called LOCALS. THEY USE TO RIDE CAMELS AND THEY WILL COME BACK TO RIDE CAMELS. THEY WILL HAVE NO MONEY TO MAINTAIN THESE HIGHRISES FINALLY THEY WILL FALL APART, (INSHALLAH). They have not contributed anything for the humanity, but just build blocks of concrete over the desert and it will fall.
Popzain 30 (15 days ago)
*I* ♥ *Too QATAR*
Iggy Smith (15 days ago)
From camel to lambo
Bima Rahman (15 days ago)
Shame on you UAE!!, you enjoy peaceful and luxury meanwhile your Muslim brother starving and get killed by the westerns
Santeri Saarinen (15 days ago)
"The greatest slavery pot in modern world". Did you forget China?
Ritika Ritu (16 days ago)
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...
J r S 1994 (16 days ago)
And thats how you get things done...😉😉😉
Gavin's Friend (17 days ago)
foreigners making up to 80%... ouch, feel bad for the natives.
kt kt (19 days ago)
Video about South Korea's economy please.
CLEO MARLON LONGHAS (19 days ago)
Dubai❤️
sles sles (22 days ago)
сказка для лошар
Ali AlKout (22 days ago)
Dubai is a city not a country
Leonidas P (22 days ago)
Haha well this is a whole lot of shit
s9 ka9 (23 days ago)
Brits didn't develop UAE ..UAE is developed by the vision of its leaders and Technical and labor skills of South Asians .
Eugene Flores (27 days ago)
I think Abu Dhabi has the oil not Dubai
Truong Anh Thu (27 days ago)
The world's wealth
Douglas Wayne (27 days ago)
How? PONZI SCHEME. That's how!
BearsEarsRanch (28 days ago)
Dubai sells oil to the US. Their prices are exorbitant, but oil companies still pay it because they pass on the price of the finished product to consumers who have no choice in the matter. The oil companies get rich and so do the rulers of Dubai because they control the oil. Nobody who is from Dubai works. They import all their labor from somewhere else and workers live in poverty. That's how Dubai is so rich. It's all about oil.
Yousef M. Yousefzay (28 days ago)
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..
FABRIC India (28 days ago)
Dubai is getting richer because they are paying less wages to employees
Easy Life (29 days ago)
Its the vision of the leaders that made dubai rich. Millions of people depend on dubai to earn a living.
Kerk Seng Chuon (29 days ago)
Malaysia mostly use it GLC company Petronas profit (in term of dividen) to pay off major govorment servant's salary,bonus and other facility worth of RM96 billion per year,in the end,no much of "extra" money can be use by Malaysia government to spend for infrastructure invesment just like Dubai and Abu Dhabi ~If private sector of Malaysia can help goverment by "absorbing" so much of government servant in the first place,then it should be no problem for our goverment to spend more on development sector and hence becoming a new "Asia Tiger" within 10 years from now.
Kerk Seng Chuon (29 days ago)
Nearly RM100billion spending on government servant. Projection budget for Malaysia per year:RM260billion to RM312billion based yearly national budget by Malaysia government,but income of Malaysia :max RM250billion per year,having deficit of estimation of up to RM50billion every year.
Serin Varghese (29 days ago)
Thanks for giving this information it was very useful Recently..
Israel Fajardo (29 days ago)
Modern slavery... Thats dubai
faizan mahimtule (15 days ago)
people of our country goes there to get better salary and better standard of living
Dan RBLX (1 month ago)
At night same with South beach, Miami it’s beautiful, Rich and pretty at night
h (1 month ago)
The real question is why didn’t we (nato) take over instead of having Muslims keep and control all that oil
comments from japan (1 month ago)
I thought Dubai’s dramatic emergence had been due to only oil discovery. I’m surprised to know that the investment strategy adopted by the leader was the key factor. Unfortunately I will have no chance of going there in my life partly because I hate paying a lot just for flying and mainly because I can’t afford it. But I’m sure in the near future 3D technology will enable us to experience Dubai at home without having to fly all the way there.
Ujjwal Kamlapuri (1 month ago)
How rubbish the situation of guest workers are so unfair they haven't secure life this is dark side of Dubai and it is also most attractive destination for south Asian for both traveling and job , most of domestic workers are harrassed by their employers.
Ebrahim Mohammed (1 month ago)
For those say slavery u dont forget ur old time how u build ur nations And at least they get paid will look at slavery workers in Singapore
Roopchandra Dubey (1 month ago)
Richness should not be only regarded as the purchasing power. Self sufficiency should be. Over population of Asian countries led to the development of Emirates and many parts of the world.
Nandkishor Nangre (1 month ago)
Still it's gdp is less than Mumbai!
Mo Choudhury (1 month ago)
Nobody would mourn the loss of Dubai. It’s soulless, artificial and vain. It’s the Paris Hilton of tourist destinations; self absorbed and pointless. There’s a 100 places I’d rather go to than Dubai.
astro farhi (1 month ago)
Strong authority and power .natural resource , used wisely for their own citizen .great business vision. cheap labor
Pramithas Khadka (1 month ago)
Realiza algunos videos sobre el hermoso país de Nepal.
Redefine (1 month ago)
Simple answer money laundering from poor countries.
zubeir mohamed (1 month ago)
Inspiring and intriguing. I can see Somaliland becoming the new Dubia of Africa, if we learn from DP world. Coming Soon inshallah
Adam Fullhan (1 month ago)
Just like irish slaves built new york
Adam Fullhan (1 month ago)
If Emiratis don't build a multi billion dollar canal that bypasses the strait of hormuz.. THEY ARE FUCKED!
ilyn Payne (1 month ago)
Sheikh RASHID made the best decision for his country he should be remembered as one of the best leaders in modern times. Now DUBAI thrives because of his good leadership 👌👌👏👏👏👏👏😊
0_0 (1 month ago)
Its all built on the sweat and blood of Southasian workers
Ican FeeLIt (1 month ago)
slavery
John Parco (1 month ago)
If you are feeling that you're a bit too rich, you can mend the situation by helping me pay electric bill. Any amount wil be much appreciated. btc address 3BEkGr31AY2VmGRb1wrUDsAb2oRcj4AwKy
emre05x (1 month ago)
Don't support the Gulf region anyhow!
No Nino (1 month ago)
Enslaved in USA received ZERO pay and their children were enslaved out the womb for life and had no human/civil rights until 1969. So stop comparing economic migrants to American slavery and American Apartheid. I think it's Western propaganda to cause the downfall of UAE because they can't compete on merit or work ethic.
Jeff Rey Panaligan (1 month ago)
Abu Dhabi is richer than Dubai!
The White Leaf (1 month ago)
all those slaves go there to do slavery because they want to have a better life than their homeland can offer. you wont talk when they starve whole day in homeland.
MARIAM BARKATH (1 month ago)
Creator knows best to whom to give rich things . If same Black gold was given to Western Countries or like for Indian /Pakistan , they would have dried Gulf people by giving the job. Thank God Arabs know how to preserve their country in terms of cleaniness, religious etc. Creator do not want Gulf people to come under any of Western Countries or Asian countries like India/Pakistan.... I am from India. I respect Gulf people.
Phoenix Human Rights (1 month ago)
By using OFW, foreign labors from Asian and treat them as slaves. Why not have a very close look??? You would all become ashame with all the fake morality. All the glitter and shiny nation. Its all not built by UAE citizen. It is built by many asian OFW, who where lured with fake promisses. They they are forced by their employers to work up to 18 hours per day, without proper compensation. Many OFW's are abused and treated same slaves. They even can not escape, because their Embassy is part of the game. So what is so nice on it???? Nothing!!!! That is just a shame. But as we have investigated. many oriental countries treat asian labors same slaves. So disgusting. Must hate them.
faizan mahimtule (15 days ago)
If i am employed in asia i will have to work for not more than 80k INR for my entire life but if i work in Dubai,Qatar etc i can get salaries equivalent to 3Lacs INR 2) travelling to work is like hell if you use bombay trains 3) safety equipments for workers like helmet and gloves in emirates or any other developed countries you can see how low wage workers are given in most of southern asia that they are not given safety equipments and than have to live in slums
Brix Sumaoang (1 month ago)
90% of comments here are NEGATIVE Let's just be proud that humans have the ability to build great cities.
Nehal Naveen (1 month ago)
somehow i feel the underlying cause is oil and this video is a bit ingenuine
akashje (1 month ago)
Can someone tell me the song starting at 00:23, please
Exal Carvajal (1 month ago)
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
Sahil Shahani (1 month ago)
I went a trip to the 7000 aed Burj alarab room
Sahil Shahani (1 month ago)
I live in Uae dubai
Megdiche Helmi (1 month ago)
I'am rich or not .. i have a free ticket to dubai now or not .. i will never and never and fuckin never go there !!
Date Masamune (1 month ago)
So many jealous people in the comment section.
Raj Kumar V (1 month ago)
Police forces that drive supercar!!! 😱😱😱
dave choy (1 month ago)
Dubai is rich? Crazy rich?
Kishan Kc (1 month ago)
Oil
Aazizul Zaim (1 month ago)
Oil?
D Sen (1 month ago)
Slave labour, ask any people who managed to escape from there.
curtis shaw (1 month ago)
Sick arabs. Women can't go out without wearing veils. There is nothing modern about any arab country.
- (1 month ago)
Dude Who's shiekh rasheed?!?!? Its Rashed
The Big Boss (1 month ago)
The God gave them money and everything therefore we don’t have to be jealous.
Nitish Vaidya (2 months ago)
The modernization is at a higher cost. The work force and labour had to sacrifice their liberty.
Raychelle Injete (2 months ago)
Very impressive leadership. ..from a desert to a financial, tourism hub..a magnetic country...leaders can kearn from Dubai..
CECC0 (2 months ago)
30 days off as vacation! we don’t get that even in the US and these jealousy Indian talking about slavery and all of that 😶😗
Alamani hossain (27 days ago)
Mostly indian hindus they just jealous from muslims, they taught from childhood to hate muslims.
Chu Kim (1 month ago)
CECC0 Yeah but the standard workweek is 6 days a week there. So actually it sucks.
charles kenny (2 months ago)
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
mira syam (2 months ago)
One word: OIL. God bless Islam. Peace. :)
Zaid Khan (2 months ago)
In comment section All HATERS SPOTTED 😂😂😂😂
The God Emperor's 45th Legion of the 2nd Meme War (2 months ago)
See. No taxes work.
Nagoormeeran M (2 months ago)
Ok
321bluff (2 months ago)
while the richest eastern area the indian subcontinent was busy in corruption and wars.
Ravindra Parashuram (2 months ago)
Its high time for correction.
Daniel Chia (2 months ago)
If one day Dubai have no oil ...
Aegon One (2 months ago)
Was always wondering why. Now I know. Oil and slavery. Only cool thing about that place would be to visit the desert where some battles (not listed on this video) were taken.
The amazing Selim’s Gaming show (2 months ago)
I live in dubai
Boota Khan (2 months ago)
Subhana Allah connect me) l don't like Haram country l follow right
Nikhil Vankar (2 months ago)
Dubai is best city in the world
Basti Stang (2 months ago)
Oil
Shomerful (2 months ago)
One day a week.. for real?
Masked Man gaming (2 months ago)
I ᗩᗰ Iᑎ ᗪᑌᗷᗩI
riz Hashem (2 months ago)
Without the support of west . They are still living in stonage. Slavery is the example
ไอ้มดแดง (2 months ago)
City full of farts
Abin Make (2 months ago)
We the people of Indian subcontractor people always help and helping other countries to develop. . We are the people working all over the world working. .
Aman Kattal (2 months ago)
Hell on earth 🌍
Marietta I (2 months ago)
The only question I have is how will I get rich??
Marietta I (2 months ago)
Nina Yanthi Simatupang no! Really?!
Nina Yanthi Simatupang (2 months ago)
Work hard sis
Joseph Lim (2 months ago)
touris destination? blah blah u call that tourist destination when almost all of it is man made, would visit this country last from my list thats fo sure
Love Kyungsoo (2 months ago)
Why people of dubai smells terrible? I asked someone they said, because dubai lacks of water, so they dont wash often. Is that true?
Samar's Gadgets World (2 months ago)
I love western countries from India If you are poor you won't get treated like shit