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How did Dubai get so rich? | CNBC Explains

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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
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Text Comments (1429)
Warrior Of Allah (23 hours ago)
Northern Riyadh looks better
Its Me (1 day ago)
I hate watching videos like this since The comments are filled with racial slurs.
louis nshuti (1 day ago)
expensive to meet the standards of such an area
VINAYAKAN SAJEEV (2 days ago)
I thought Dubai was fully resourced from oil
Mario Montana (2 days ago)
desert rats
Victoria Films (2 days ago)
Thats why its the brits there
shaq mask (2 days ago)
Originaly UAE is a part of Oman the British separated it from oman
Kevin Emerson Bonifacio (3 days ago)
how about now???
Anurag Chavan (3 days ago)
Dubai got rich only due to its TAX FREE ECONOMY
Toastie footsie (4 days ago)
I wanna visit but only rich people can afford anything, im pretty sure one bottle of water would be like $49.99 plus tourist fee of $8.99
Amie Mohan (5 days ago)
Please cover for Malaysia....thank you....
Zahid Ali Sher (6 days ago)
what is free zone?
RainbowisticFarts (6 days ago)
Why are you guys keep on saying Slavery? Slavery accounts nothing to the GDP cause that is not how GDP even works, and most of the jobs require professional training in the area it is true that the labour cost is lower, that is not called Slavery
No Name so (6 days ago)
Horrible place to live in for Indians
Why so sarcastic? (7 days ago)
In the West, it's slave labourers. In the Middle East, it's cheap labourers. In either case, the labourers are from East. And the former two calls the latter poor, dirty and undeveloped!
BangiBoom (9 days ago)
Ppl spamming "slavery" probably dont even know how to spell "dubai"
Mang Jutsu (10 days ago)
Dubai the city that doesn’t moved because of locals but because of the expats.
Sunny Apples (10 days ago)
A question for all you jealous western shitheads saying cheap labor "is slavery". Look at the label on your phone. Look at the label on your underpants. Look at the label on everything you own. Was it made by expensive labor or cheap labor? You jealous shithead? Your own countries brand, outsourced abroad, to the cheapest worker you could find!
Macide Celik (12 days ago)
Atlas atası Kal ata planıydı Dubai ye duba ibnelerin demir atması için , açılımlarda çıkmıştı, lakin bugünlere kadar işkence sürmeyecekti ! Hileleri ve ibnelikleri dil ayrışım yüzünden bilinçli satlarla karışım olayı !
Vishal is 1 | Clash Of Clans & Clash Royale (15 days ago)
Slavery 👎👎 dark side of uae
Scorpio Snake (17 days ago)
Slavery is the reason Dubai is rich .
Smooth X9 (17 days ago)
Oh so that’s why went back to England there was so much Arabs not saying it’s bad
Smooth X9 (17 days ago)
I live in Dubai and I visit my uncle who is in Abu Dhabi Btw I visited jabal Ali It’s a mountain
Andriaan Djamin (18 days ago)
Because they killed khadifi.
01010000 01000101 01000001 01000011 01000101 (19 days ago)
Middle east sin city
Jimmy Jackie (19 days ago)
With oil selling ofc.
Necrom (20 days ago)
>Implying western countries dont have slavery cough cough "cheap labour" cough cough
Farrukh Chaudhary (21 days ago)
Dubai! Heaven on Earth!
Facehugger89 (22 days ago)
why is it so popular for tourists looks like a barren desert with some fancy buildings
Tino (9 days ago)
Facehugger89 The girls
kabilan raj (22 days ago)
tamil translation please
Tommy Rowland (22 days ago)
To what language?
7awadeth (22 days ago)
guys saying slavery and cheap labor. it was the choice of the workers they can travel other countries if they arent satisfied. what they are earning in dubai might be nothing but its way more than what they earn in there hometown. so just shut it. and ask your governments to open visa for them maybe theyll come work somewhere else
vous voulez (23 days ago)
city of vainity. dust in the wind.
Purpl3 Grape (23 days ago)
Join DP world now! A place where we give DP a new meaning!
Ong Troi (23 days ago)
Will see in the next 20 years. No human cannlive in dubai. Ok
MrAHfromKSA (24 days ago)
To all the frustrated westerners chocked by seeing an Arab nation make it so far; Remember that your civilizations was built on enslaving Africas and robbing Indians. Much of your monuments like the Whitehouse was built by unpaid slaves.. Just accept that fact that Dubai is a successful trading hub you frustrated lot XD
superbleeder98 (26 days ago)
Drop nukes on it. Arabs must be wiped out.
ChEY (26 days ago)
Dubai, a slave country which is still 3rd world in terms of mentality and compassion for others
Masyaf (27 days ago)
Like another commentator said ''Cheap labour is better than slave labour. The West was built on the latter.'''. End Off. The West is always such hypocrites.
Asif Ahmed (27 days ago)
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.
Asif Ahmed (1 day ago)
+Malik Kelly 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.
Malik Kelly (2 days ago)
Asif Ahmed I read all of this. It’s really sad that people still live this way
FunkyAppske (27 days ago)
Back in 19century , england send spy to dubai and make there aggreements and plans to banned Sultan AbdulHamit Han ! What was the name of the spy? Edward lawrence
TK Baha (28 days ago)
no oil? this place is hell.
Brian Nugroho (28 days ago)
Because they use slaves to work there psy them very low and there is no minimum wages. How many peoples died to build the building there, but never been exposed,
Veronica Vigal (28 days ago)
Look y'all cannot deny the fact they treat people from outside as slaves. I've seen my friends who work in Emirate and other part of the country. Ur not treated equal. My friend who works in cabin crew said during her training they used to babble about how great Islam is and one should consider converting into Islam.
Mohammed Nejad (29 days ago)
alot false info
Fredy Rojas (29 days ago)
Dubai did that with oil and still does it, why in Canada people are against Pipe lines and the oil sands.
Knock Knock (29 days ago)
Did you know people from India,Pakistan,Nepal and Bangladesh work in Dubai for less than 300€ a month!!! They are treated like shit if injured during work sent home! They work long hours and keep workers passport
COCKTAIL CLUB (30 days ago)
Best place to visit.. Awesome destination
4k tester (30 days ago)
Risky investment turn fortune
Some Otherday (30 days ago)
America used slaves from Africa to build its country...
Jack Socrates (30 days ago)
*40% Population of UAE is INDIAN.*
paulmaking1980 (1 month ago)
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.
sai kamalesh (1 month ago)
I want to know about india
Communist Jesus (1 month ago)
cheap labour
greg oscar (1 month ago)
How did Dubai get so rich? A bunch of bedouins were riding in the desert one day and saw black liquid coming out of the ground. There was a lot of commotion yalla here and yalla there. Eventually news got out to the world and Brits and Americans seeking an opportunity to do business( that's what they know how to to best) decided hey Hank let's go down to Doobye. Let's stop producing our oil even though we got plenty and make money of those sand people. The people over there said " welcome american and british beepul" and then history was made:) So Americans and Brits built up their land supported despotic regimes( ok well maybe not Emirates but Saudi for sure) and we exploit world oil prices. They live in luxury and we westerners suffer with increasing taxation,inflation, higher costs of living. Stone Cold said sand people not me:)) Of course though there are two sides of the coin nations who are supportive of western policies are called " partners of peace" and those that aren't are called" terrorists and war mongering".
Nollie Mccain (1 month ago)
Super cars?
SAN BIEBER (1 month ago)
Middle east hahaha Rich=slave😂only thing they are good at=is terrism😂
PRIVATE NAME (1 month ago)
The answer is :United Kingdom .
Amaan Ahmad (1 month ago)
Uae is artificial beautiful
haseeb siddiq (1 month ago)
Simple source- Threw millions on infrastructure every year and made the double from it
John Smith (1 month ago)
Envy of Wahabi Saudi
Ls Vijay (1 month ago)
Answer : OIL
Ikarus 1980 BJK (1 month ago)
I love Dubai, but it’s too expensive. By the way, Emirati boy lovers never give benefit of poor employees. Arabs hate poor people, but they love to get their asses fucked up by British, American and Canadians
Grand Padawan (1 month ago)
The amount of butthurt westeners in the comments is insane haha
rustam abudllayev (1 month ago)
Dubai is rich cause of west, Arabs are too dumb to build a city like this I as a Muslim hate arabs anyone else
AtomicCreeper1000 (9 days ago)
Whats with the hate? Arabs are good people
Jobs mandem (1 month ago)
Shut up, I am Muslim and am against the royal regime. However, Arabd are NOT dumb, they are responsbile for the Islamic golden age. Remember our great Prophet PBUH was an arab.
José Daniel Caamaño Hernández (1 month ago)
We all know the story... Pearls, oil and then slavery to keep the money there.
Young Money Entertainment (1 month ago)
The city of slaves
Chihab Ahmed (1 month ago)
50 years Dubia and Saudi was pure dersert 1400 years ago a man in the desert named mohammed peace be upon him said: "There will come a time when you see the barefooted arabs compete in building tall buildings" Isnt this happening infront of your eyes? Look at the descriptions again, barefooted and compete in building tall buildings Do you know who is competing with Dubi? Saudia Arabia Yes they are making the tallest build in Jedda and its expected to be done by 2020 So how did he know such things Or the they knew oil 1400 years ago? How did prohet muhammed know this only who deny this are rejector of truths because you cannot say he was wrong about this What about when he said there will come a time when you the women dressed but naked
Jobs mandem (1 month ago)
They are using the oil granted by Allah on rubbish, and spending it on weapons to bomb our Muslim brothers in Yemen and Iran.
A. H. (1 month ago)
Slavery. A 3rd world shithole pretending to be 1st world with pretty buildings. Place is hot as hell and it sucks. Never going back.
Cowboy Tanaka (1 month ago)
Spoiler: it’s oil
Akash Gange (1 month ago)
It is the grace of ALLAH that so much precious wealth was hidden under their country, may be because of their unflinching faith in ALLAH & his messenger MUHAMMAD PBUH.
J Shaw (1 month ago)
They used salves!! Hired people from other countries never paid them and held them hostage these fucken scumbags of the Earth they're all uneducated but have oil money
Dilli Babu (1 month ago)
They are treating workers like dogs
greg oscar (1 month ago)
Or dogs like workers:))
Kamilla Iqbal (1 month ago)
I love their gold and extravagance
IA IK (1 month ago)
How? Slavery.
mkiller1001 (1 month ago)
salty comments from people who wanted to make it big there but had no plans or ambition and no are broke.
sajad lone (1 month ago)
I thought it was all about oil but actually it's sweat of poor asians
yusuf omar (1 month ago)
Biggest bankers for thugs. Not to mentioned lots of investor from third world countries lost their hard earned investments in the real estate deals.
BEBE BEBE (1 month ago)
Libya assisted in the progress of UAE. It lent the money in order to explore its oil resources.
don684 (1 month ago)
Oil and bringing in slave labor?
Cyber LazOS (1 month ago)
Lol, Youtube wont let me upload the truth. Haha. The government knows what they have done.
Anbu Purityy (1 month ago)
Bro prophet muhammed predicted all this already (End of times)
GOD (1 month ago)
Explain? it's oil and slavery. It's common sense everyone know, no need to waste time "explaining" this
lee macdonald (1 month ago)
Simple...It westernized itself.
Mariam 1985 (1 month ago)
𝙄 𝙡𝙞𝙫𝙚 𝙞𝙣 𝘿𝙪𝙗𝙖𝙞
TruthSeeker (1 month ago)
Some nations are rising from the sand, like Dubai, while others are drowning in an oil well, like Venezuela. In the end, it comes to the leader.
Sand Heden (1 month ago)
To all those that complain Dubai being soulless and artificial, is Las vegas with all its casinos gambling and druken people more inspirational? How about the streets of San Francisco full of homeless people, litter and feces?
Khushi Ram (1 month ago)
Tom..... Shitty
Indika Herath (1 month ago)
how did Dubai get so rich? find out when the oil price drops lol
VK89000 XaLo (18 days ago)
Nothing will happen. Because they no longer rely on the oil. Do your research. He even mentioned it in the video.
ザーン_ランド (1 month ago)
one of the richest, one of the worst place to be a worker. lol
GachaBell_ 42 (1 month ago)
Some of these comments lowered down my excitement of going to Dubai soon, i don't know if there true or not true. No hate to anyone who commented those comments though
Me Too (1 month ago)
They found oil!!
Ten Minute Tokyo 2 (1 month ago)
The way everyone did: by looting USA.
1000 subs without videos? (1 month ago)
How didnt i get? :/
2GAWJUS2KOOL (1 month ago)
I don't know how people survive in hot desert climates!
Raziur Rahman (1 month ago)
Oh My God , So Many Jealous Ass Folks , That Means Dubai Is Really Successful
Michelle Djohanli (1 month ago)
I had argumentations with some arabic guys and women, due to THEY KEEP BUYING PEOPLE IN WESTERN COUNTRIES. Like people are commodities, and they try to falsely accuse me back as MAD. I REALLY URGE TO BOYCOTT THIS DUBAI, AND ALL THEIR CORPORATIONS, DUE TO THEIR BUYING AND SELLING PEOPLE ESPECIALLY FEMALES AND GIRLS ARE CONDUCTED THROUGH MNC OWNED BY DUBAI PEOPLE. PLEASE JOIN TO STOP HUMAN TRAFFICKING AND TO STOP CONDUCTING ANY PROFITABLE TRANSACTIONS FOR THEM, FOR THEIR DUBAI AND UEA GOVERNMENT OFFICIALS' COMMERCIAL ACTIVITIES AND ANY OF THEIR CORPORATIONS, BECAUSE THEIR PROFITS ARE ALWAYS USED FOR TRAFFICKING/ TRADING PEOPLE, EITHER BUYING PEOPLE FROM OTHER NATIONS OR FOR GENOCIDAL PURPOSES, OR FOR COMMERCIAL OR CRIMINAL ACTIVITIES. I KNEW NOW, THAT THERE ARE MANY MOVEMENTS TO BOYCOTT ANY CORPORATIONS WHICH ARE USING THE CHILD LABOR OR STOPPING THE COMMERCIAL CHAIN LINKS IN THE BUSINESSES AND MANUFACTURERS, SO LETS NOW, STOPPING THESE UEA AND DUBAI INCLUDING ANY OF THEIR CORPORATIONS OWNED OR BASED IN DUBAI, WHICH HAVE BEEN OPERATING TO BUY AND TO SELL PEOPLE ESPECIALLY IN FOREIGN COUNTRIES. I HAVE WON IN THE VICTORIAN AUSTRALIAN COURT, DUE TO I HAVE BEEN A VICTIM, WITNESS, AND BY STANDERS FOR SOME OTHER VICTIMS. THE COURT TOLD ME THAT THESE OFFENDERS ARE A GROUP AND ASSIGNED THROUGH A MNC BASED IN DUBAI AND ALSO INDONESIA. I URGE ALL PEOPLE TO FIGHT ALTOGETHER AGAINST THEIR CRIMINAL ACTIVITIES, AND NEVER BE AFRAID WITH EVEN THEIR SHEIKHS NOR THEIR PRINCES NOR PRINCESSES, IF THEY DARE TO CONDUCT THESE SLAVES TRADING OR HUMAN TRADINGS OR DARE TO SUPPORT OR TO FACILITATE ANY OF THOSE! ALL PEOPLE REGARDLESS THEIR BACKGROUNDS, EITHER THEY ARE THE OFFENDERS AND THE VICTIMS, ALL ARE EQUAL AND SAME BEFORE THE LAW AND LORD GOD! GBU JCBU ALL! AMEN!
FERNANDO ALDAZ (1 month ago)
I will ask people to research better this guy is missing mass suicide and labor with no pay
Kasper FriendlyGhost (1 month ago)
Smart guy that dude was
Taz Beet (1 month ago)
Now with China belt road, Duabi is at stake. They are trying to take over other seaports and islands in Yemen to avoid an inevitable collapse.
Eric George (1 month ago)
One word. OIL