Latest / Earn Your Leisure / EYL #263 Dubai Real Estate Investing: A Black Woman's Triumph in The Middle East

Transcript

EYL #263 Dubai Real Estate Investing: A Black Woman's Triumph in The Middle East · Earn Your Leisure

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  Speaker 1: An illegal alien from Guatemala charged with raping a child
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  Speaker 1: Under President Trump, America's laws, border and families will be protected.
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  Speaker 3: Sponsored by the United States Department of Homeland Security.
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  Speaker 4: All right, guys, welcome back to uy L. This is
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  Speaker 4: gonna be a very fun conversation, something that we have
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  Speaker 4: not talked about as far as on the real estate side.
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  Speaker 4: International Denise Williams. You have transitioned and you moved to
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  Speaker 4: the UA.
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  Speaker 5: You live in Dubai now, yes, I do.
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  Speaker 4: And now you have a independent brokerage, real estate brokerage
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  Speaker 4: in Dubai. So you are the first black woman to
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  Speaker 4: have a real estate brokerage in Dubai.
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  Speaker 5: Correct.
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  Speaker 4: So this is a full circle moment because we met
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  Speaker 4: in Atlanta at a hookah lounge, I believe, and the
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  Speaker 4: last time we met we were in Abu Dhabi. So
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  Speaker 4: I'll tell that story because I think it's a good
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  Speaker 4: story to tell.
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  Speaker 6: So we gotta we gotta also pay homage though to
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  Speaker 6: another time that we met Denise, because she was instrumental
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  Speaker 6: in I send down with Master P.
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  Speaker 5: Let's not forget that. So we're in.
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  Speaker 6: Miami and uh, you were doing some stuff with rap
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  Speaker 6: stacks and said, there's an opportunity here guys if you
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  Speaker 6: come down tomorrow and we were like, we'll be there.
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  Speaker 2: And that was a dope interview.
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  Speaker 6: It was it was like the first time we had
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  Speaker 6: like a live audience at so it was definitely dope.
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  Speaker 6: And that was two years ago, which is crazy. So again,
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  Speaker 6: thank you for that because that was definitely a moment.
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  Speaker 4: Yeah, we interviewed Fat Joe right before that, and then
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  Speaker 4: we went to interview Masterpiece, So that was dope day.
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  Speaker 4: So yeah, so the Love.
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  Speaker 5: Fast Forward.
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  Speaker 4: The Louve is the most prestigious museum in the world
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  Speaker 4: in Paris. If anybody has not been a highly suggest
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  Speaker 4: that you go. It's the pyramid that you always see
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  Speaker 4: and it's an underground museum in Paris. So there's only
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  Speaker 4: two Loves in the world. There's one in Paris obviously,
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  Speaker 4: and there's another one which people might not know. There's
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  Speaker 4: another one in Abu Dhabi. Gorgeous and the architect, the
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  Speaker 4: person that built the Love in France, they brought him
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  Speaker 4: over to abby and he built the Louver in a day.
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  Speaker 4: So the last time that we was there, vibes on
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  Speaker 4: top of vibes at the black tie Steve Harvey's Galla.
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  Speaker 5: I believe we were winning awards, not just any award.
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  Speaker 5: I mean we got a trophy. We won the golf tournament.
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  Speaker 4: Shout out to Steve serves me correctly. Shout out to
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  Speaker 4: the good brother Steve Harvey Man. Shout out to the bed,
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  Speaker 4: Shout out to the whole team. We definitely won that night.
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  Speaker 4: That was that was amazing. So yeah, and so you
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  Speaker 4: were telling us about what you was doing then, yes,
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  Speaker 4: and how you know you you was moving around in
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  Speaker 4: the UAE and Dubai the u A period. It's just
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  Speaker 4: an amazing place. It's crazy and I feel like they've
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  Speaker 4: taken the best parts of every part of the world,
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  Speaker 4: like they So when you go there and I'll let
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  Speaker 4: you talk about it. We went to Dubai and then
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  Speaker 4: they have something that looks just like the Venetian in
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  Speaker 4: Las Vegas with the waterfalls. Yes, and then they have
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  Speaker 4: they have the Louver. They have you know, man made
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  Speaker 4: islands where it looks like it looks like you in
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  Speaker 4: Saint Thomas or something like that. Like they literally have
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  Speaker 4: taken the best parts of every part of the world
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  Speaker 4: and created like an all star team.
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  Speaker 6: The best way to actually describe hotels Marina's largest ball
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  Speaker 6: in the world, largest building in the world.
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  Speaker 7: Everything is all about the biggest, bedest, best, shortest, tallest.
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  Speaker 6: Like this is the biggest I like this.
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  Speaker 4: So we're going to get into all of that. But
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  Speaker 4: first and forell thank you for.
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  Speaker 2: Joining us, appreciate it, thank you for having me.
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  Speaker 4: Yes, so all right, let's get into this. How does
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  Speaker 4: this even happen. You're selling real estate in Atlanta, yes, right,
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  Speaker 4: how do you even transition to move to Dubai and
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  Speaker 4: start selling real estate open or brokerage? Like, how does
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  Speaker 4: that even happen?
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  Speaker 7: You know, first of all, thank you guys for having
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  Speaker 7: me Anna Denise. So I just want to say thank
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  Speaker 7: you so much for this moment, right, this is so
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  Speaker 7: important for us to just share our experiences and making
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  Speaker 7: the decision to go to Dubai didn't start twenty twenty
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  Speaker 7: one when I first visited Dubai. Making the decision to
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  Speaker 7: go international actually started when I started my real estate brokerage.
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  Speaker 7: So the name of my company is Williams and Code
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  Speaker 7: International Realty. So I had vision before hiring my very
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  Speaker 7: first agent. I always knew I wanted to have a
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  Speaker 7: global brand, and so I gave myself a five year
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  Speaker 7: plan that I was gonna say, Okay, in five years,
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  Speaker 7: I'm gonna start my first international brokerage. But initially I
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  Speaker 7: was thinking I would do something within like a four
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  Speaker 7: hour flight of Atlanta, something that was same day, okay,
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  Speaker 7: go in and out.
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  Speaker 2: But then when I.
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  Speaker 7: Visited Dubai in twenty twenty one, again attending Steve Harvey's gala.
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  Speaker 7: That was the first year that they hosted it. So
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  Speaker 7: shout out to Paige for the invite. I was actually
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  Speaker 7: in South Africa and she was like, you need to
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  Speaker 7: come to Dubai and come to this gala. I was
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  Speaker 7: having my first international engagement. Then flew over absolutely loved it.
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  Speaker 7: So it was cool to be able to hang out
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  Speaker 7: with celebrities for the weekend. But what stood out so
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  Speaker 7: me most was the cranes in the sky. I was like, whoa,
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  Speaker 7: this city is an emerging market, Like what is going on?
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  Speaker 7: There are so many buildings being built, and I really
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  Speaker 7: evaluated what they've been able to do in the last
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  Speaker 7: fifty years. As the UAE, they came together fifty years
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  Speaker 7: ago and said, look, we want to create this dynamite
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  Speaker 7: environment for tourists, for everything. If you think about it,
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  Speaker 7: they literally built everything that you described in a desert
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  Speaker 7: and so I'm just like, I need to be a
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  Speaker 7: part of this growth. Where are the American realtors. What's
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  Speaker 7: going on? Who's telling Americans that this is an opportunity
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  Speaker 7: zone for them to invest in. You know, a lot
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  Speaker 7: of times with us, because the US is so far away,
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  Speaker 7: we don't really look outside of the US, and because
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  Speaker 7: we've been so spoiled to be number one for so long,
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  Speaker 7: we're like we're good, We're comfortable. So for me, it
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  Speaker 7: was just like, this is a huge opportunity for me
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  Speaker 7: to be the liaison between the US and the UAE
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  Speaker 7: and the real estate sector. And so I was like,
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  Speaker 7: you know what, let me put a plan in place,
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  Speaker 7: let me see if this is something I want to do.
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  Speaker 7: So I went out about three more times before making
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  Speaker 7: the decision to officially move. The third time I flew
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  Speaker 7: my mother out and I was like, Mom, I just
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  Speaker 7: need you to feel the energy. I just need you
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  Speaker 7: to you know me more than anybody. Do you think
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  Speaker 7: this could be a good decision? And she was like,
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  Speaker 7: I see the vision, go for it. And that was
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  Speaker 7: the final word that I needed to say, you know what,
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  Speaker 7: let's try it. And I'm like, if you're going to
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  Speaker 7: go international, what better place than Dubai.
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  Speaker 2: It already speaks for you. The luxury is there.
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  Speaker 7: I just need to be there and position myself in
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  Speaker 7: a situation where that already aligns with my brand. I
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  Speaker 7: have proof of concept. It's just about doing what I've
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  Speaker 7: already done in a new place.
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  Speaker 5: So let's talk about that I mean foreign land.
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  Speaker 6: Internationally, you're creating a business, So talk about what that
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  Speaker 6: was like going through the process of creating it. Because here,
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  Speaker 6: when we think about creating business, we think LLC, we
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  Speaker 6: got to get attorney, we got to get things trademark.
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  Speaker 5: What was that process like doing it in Dubai?
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  Speaker 6: And then I guess the follow up part is that,
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  Speaker 6: I mean, this is a country where the woman role
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  Speaker 6: is a little bit different, So talk about that as well,
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  Speaker 6: or is.
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  Speaker 2: It that's a good question.
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  Speaker 7: So for the first part of your question, as far
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  Speaker 7: as setting up a company and being there, I didn't
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  Speaker 7: want to try to figure things out.
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  Speaker 2: On my own.
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  Speaker 7: I'm one of those people that I'm gonna pay for information,
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  Speaker 7: you know. So I partner with a company that could
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  Speaker 7: help actually help me to start my business. So instead
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  Speaker 7: of going on Google and trying to piece together the
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  Speaker 7: situation step by step by step, I actually hired a
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  Speaker 7: company that helped to put me through that process. So
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  Speaker 7: I said, hey, this is my visions, this is what
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  Speaker 7: I want to do. I want to start a company.
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  Speaker 7: So just to give you an idea of how the
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  Speaker 7: process works, you partner with the company in the local
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  Speaker 7: area of Dubai, you decide if you want to be
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  Speaker 7: in a free zone on the mainland area. The mainland
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  Speaker 7: is obviously going to give you more rights to be
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  Speaker 7: able to sell and do what you need to do
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  Speaker 7: for the full city, and then free zone has certain pockets,
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  Speaker 7: so they set my company up and you pay per
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  Speaker 7: activity that you want to do. So because I have
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  Speaker 7: a real estate company, I actually have to pay for leasing,
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  Speaker 7: I have to pay for sales, I have to pay
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  Speaker 7: for commercial, So you identify kind of what activities you
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  Speaker 7: want to have within your licensing. The other thing that's
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  Speaker 7: unique about the Dubai real estate market when it comes
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  Speaker 7: to like starting a business and getting residency is that
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  Speaker 7: they actually require a medical exam, so you also have
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  Speaker 7: to take a medical exam to make sure that you
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  Speaker 7: don't have any infectious diseases because they will decline your application.
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  Speaker 2: So that to me is you know, that's different, right.
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  Speaker 7: A lot of countries don't think that far ahead, but
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  Speaker 7: they're trying to preserve the lifestyle of what they have developed,
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  Speaker 7: so that's another part of it. And then obviously you
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  Speaker 7: get your Emirates ID, which is very very important. You
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  Speaker 7: can't move around without your emmirates. Ideas like your rights
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  Speaker 7: of passage. Like everything that you do is side to
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  Speaker 7: that emmorates ID. And it's so efficient, right because it's
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  Speaker 7: your licenses side to it, your medical history is side
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  Speaker 7: to it, your address, everything that you need to get to,
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  Speaker 7: whatever door you need to go into is on that
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  Speaker 7: Emirates ID.
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  Speaker 2: So it's a really efficient system. I like the way
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  Speaker 2: they do things.
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  Speaker 4: We met a few people from New York when we
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  Speaker 4: were there that moved from New York to Dubai, and
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  Speaker 4: they were saying how much they loved it, how peaceful
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  Speaker 4: it was, how yeah, you know, it was just a
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  Speaker 4: change of scenery that they needed.
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  Speaker 5: Yeah, they don't.
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  Speaker 4: They didn't really have any plans on coming back to America,
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  Speaker 4: like you know, come back to visit family stuff like that. Yes,
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  Speaker 4: it was like it just doesn't make sense to go
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  Speaker 4: to hassle and bassle, the hassle of living in America,
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  Speaker 4: especially like you know, a city like New York City
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  Speaker 4: when you can just live in the UAE with a
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  Speaker 4: much better quality of life. Yes, so all right, so
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  Speaker 4: you go you get all of this.
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  Speaker 5: Before we go there. Yeah, yeah, because I mean what
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  Speaker 5: you're saying is true, right, maybe it's not different. So
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  Speaker 5: like that's even interesting.
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  Speaker 4: Why did you say, why'd you say it different? Because
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  Speaker 4: this is no I'm acting, Troy.
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  Speaker 5: Why am I saying it's different?
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  Speaker 6: Yeah, I mean stereotypically, right, when we it's a predominant
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  Speaker 6: Muslim country, we know that, and the role of and
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  Speaker 6: countries with Muslim populations, we see that the woman's role
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  Speaker 6: is a little bit different.
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  Speaker 5: Than the American society.
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  Speaker 6: And so I'm thinking of it as American woman going
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  Speaker 6: into a Muslim populated country. Whether there's some obstacles where
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  Speaker 6: the different type of like sipulations that you had to
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  Speaker 6: do to get into business.
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  Speaker 4: But even that, but that's not necessarily But this is
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  Speaker 4: an important stereotype. Yeah, because it's not necessarily true though, right,
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  Speaker 4: because there's so many different countries. Every country has different cultures.
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  Speaker 4: America has a different culture, right, So it's like, all right,
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  Speaker 4: if you go to a country like Nigeria, that's going
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  Speaker 4: to be different in a country like Indonesia, which is
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  Speaker 4: going to be different than a country like Saudi Arabia,
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  Speaker 4: or different than a country like UAE. So I think
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  Speaker 4: that it's an important misconception because there's women, there's women
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  Speaker 4: rights issues in America. If you think about it like
• 11:47
  Speaker 4: there's women disparities where we live. Absolutely, So even that
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  Speaker 4: conversation might be not totally true, but I think that
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  Speaker 4: it's important to address that because it's like people have
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  Speaker 4: misconceptions which can lead people not to go or can
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  Speaker 4: lead people to have already a barrier that's built up,
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  Speaker 4: but it everywhere has different cultures. Yes, it's very important
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  Speaker 4: to respect the culture that you're in, including American culture.
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  Speaker 4: American culture is different, right, Like people come to America,
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  Speaker 4: they respect the American culture.
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  Speaker 6: So yeah, what's your experiences that stereotypically yes.
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  Speaker 2: Yes, yes, no.
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  Speaker 7: I think that was actually a great response to that,
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  Speaker 7: because there are a lot of stereotypes and misconceptions that
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  Speaker 7: we've been taught over time. And I would say this
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  Speaker 7: is not necessarily just the stereotypes. It's the history, right,
• 12:38
  Speaker 7: So part of it is true based on history. However,
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  Speaker 7: now where we are in twenty twenty three, a lot
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  Speaker 7: of that has been lifted, a lot of those rules
• 12:45
  Speaker 7: and laws have been changed. So that's the beautiful part
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  Speaker 7: about being in an emerging market. I've now been able
• 12:50
  Speaker 7: to enter into a market in a time where they
• 12:52
  Speaker 7: are willing to be more open and embrace women in business.
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  Speaker 2: So it's a beautiful time for me.
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  Speaker 7: And one of the things is, like, as you mentioned,
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  Speaker 7: because there's disparities all across the world, oftentimes we look
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  Speaker 7: at that as like, oh, I can't do it because
• 13:04
  Speaker 7: I'm a woman. Maybe I'll just wait, or I need
• 13:06
  Speaker 7: to have this male partner. I need to do this
• 13:08
  Speaker 7: for me. My perspective is how do I change this
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  Speaker 7: complete disadvantage into a usp and by doing that, going
• 13:15
  Speaker 7: into a market or an area where women are still
• 13:17
  Speaker 7: learning their voice, they're still trying to figure things out,
• 13:20
  Speaker 7: whereas in America a lot more women have, like you know,
• 13:22
  Speaker 7: there's women empowerment and they're pushing and there are a lot
• 13:25
  Speaker 7: of women owned businesses here in the US, versus going
• 13:27
  Speaker 7: into a market where they're still trying to figure it out.
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  Speaker 2: So what does that mean for me?
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  Speaker 7: Now I get to have a greater opportunity to stand
• 13:33
  Speaker 7: out as a woman in business, to say, hey, let
• 13:35
  Speaker 7: me show you all, let me be a pioneer in
• 13:37
  Speaker 7: the space, Let me teach you guys how to conduct business,
• 13:39
  Speaker 7: how to do business. Because now the women in those
• 13:41
  Speaker 7: areas are starting to see themselves more as entrepreneurs and
• 13:44
  Speaker 7: more as business women. So now I've really been able
• 13:47
  Speaker 7: to position myself, if you will, as a thought leader,
• 13:50
  Speaker 7: as a business woman in a region.
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  Speaker 2: I've become the authority figure, you know.
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  Speaker 7: And that was another reason that I decided to relocate
• 13:57
  Speaker 7: from Atlanta, is because I was really starting to feel
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  Speaker 7: like I.
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  Speaker 2: Outruwing my environment.
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  Speaker 7: You know, It's just like a shark in a tank,
• 14:03
  Speaker 7: right the shark is only going to grow as large
• 14:05
  Speaker 7: as the tank will allow. But if you put that
• 14:06
  Speaker 7: same shark in the ocean, it'll grow to be over
• 14:08
  Speaker 7: eight feet tall. And I was feeling like, you know,
• 14:11
  Speaker 7: we put so much emphasis on toxic relationships. We'll say, oh,
• 14:14
  Speaker 7: this man did this to me, this woman did this
• 14:15
  Speaker 7: to me, But what do we really think about how
• 14:17
  Speaker 7: toxic sometimes our environment is to our growth. And so
• 14:21
  Speaker 7: when I realized like I wasn't waking up feeling inspired.
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  Speaker 7: I'm going to the events, I'm seeing everybody that I
• 14:25
  Speaker 7: always know, I was ready to shape things up. It's
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  Speaker 7: time to see new things, meet new people, have a
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  Speaker 7: more diverse clientele base, have a more diverse friend group.
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  Speaker 7: You know, Dubai is in the center of the world.
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  Speaker 7: I'm meeting people from every different part of you know,
• 14:39
  Speaker 7: walk of life, and so I think people need to
• 14:41
  Speaker 7: give more credence to their environment as well.
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  Speaker 4: So let's talk about you talk about being a woman. Yeah,
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  Speaker 4: so it hasn't been a hurdle for you.
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  Speaker 7: It has not been a hurdle from the degree of
• 14:51
  Speaker 7: it's impossible, because I think it's been painted as if
• 14:54
  Speaker 7: like it can't be done. You can't wear this, you
• 14:56
  Speaker 7: can't do this, you can't say this. But I will
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  Speaker 7: say that there's still like, you know, just some little residue,
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  Speaker 7: you know, from what it is, because it's still growing.
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  Speaker 2: So you still have to respect the culture.
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  Speaker 7: For example, this isn't something that I would wear into
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  Speaker 7: a government building for you know, you're gonna cover up,
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  Speaker 7: You're gonna make sure that you are respectful. And I
• 15:13
  Speaker 7: don't have a problem with it. Another barrier, let's have
• 15:16
  Speaker 7: some transparency. Another barrier that I did experience as a
• 15:19
  Speaker 7: woman was that I'm a single mother. And so because
• 15:23
  Speaker 7: I've never been married and I've never been divorced, I
• 15:25
  Speaker 7: couldn't provide a birth certificate, a marriage certificate, or a
• 15:28
  Speaker 7: divorced certificate. And that's one of the prerequisites for your
• 15:31
  Speaker 7: child to get a visa. And so because I couldn't
• 15:34
  Speaker 7: provide those documents. I experienced some hurdles, some additional fees,
• 15:39
  Speaker 7: you know, in getting his visa, so it actually kind
• 15:41
  Speaker 7: of held him up from being able to start school.
• 15:44
  Speaker 2: So although it was frustrating for.
• 15:45
  Speaker 7: Me, it was also like Denise, you have to give
• 15:48
  Speaker 7: credence to the culture. That's not how things run here.
• 15:51
  Speaker 7: They admire families, they push families. You know, the men
• 15:55
  Speaker 7: have more rights to the children. In this part of
• 15:57
  Speaker 7: the world, for example, a lot of women won't get
• 15:59
  Speaker 7: it worse because they know that their husbands can get
• 16:01
  Speaker 7: the kids, you know. So things are different. It's just
• 16:04
  Speaker 7: about respect and then you take the good with the bad.
• 16:07
  Speaker 4: I think that it's an important conversation to have because
• 16:11
  Speaker 4: as Americans, we kind of have a superiority complex, yes,
• 16:16
  Speaker 4: where we think that how we do things is how
• 16:21
  Speaker 4: everybody should do things, and if somebody doesn't do things
• 16:24
  Speaker 4: the way that we do things, then they're uncivilized or
• 16:27
  Speaker 4: their savages or their backwards and it's not necessarily true.
• 16:33
  Speaker 4: It's just a different culture. I remember even they were
• 16:37
  Speaker 4: talking to the president of I believe Kenya. I don't
• 16:40
  Speaker 4: want to get the country wrong, but it was a
• 16:41
  Speaker 4: country in East Africa, I believe, and they have some
• 16:46
  Speaker 4: rules on gay marriage. It's not a loud earners.
• 16:49
  Speaker 2: What's going on?
• 16:50
  Speaker 8: Listen, Eylu is relaunching, revamping, retooling. That's why we're creating
• 16:55
  Speaker 8: a new educational experience that's more expensive, telling what we got.
• 16:59
  Speaker 4: Yes twenty three, he's got a lot. It's still a
• 17:02
  Speaker 4: lot playing for you guys. So you know that Eylu
• 17:05
  Speaker 4: already includes monthly financial planning calls with Me, book club
• 17:09
  Speaker 4: calls with Troy, real estate calls with MG the Mortgage Guy,
• 17:12
  Speaker 4: access to the Home Buying Blueprint Volume one and Volume two.
• 17:16
  Speaker 4: Part of the revamp will include twenty seven local chapters
• 17:20
  Speaker 4: from across the United States, live interactive teaching, hands on
• 17:24
  Speaker 4: not just pre recorded videos, plus fifteen brand new curriculums.
• 17:30
  Speaker 5: The biggest just got bigger.
• 17:32
  Speaker 9: Head over to eyl university dot com. That's EYL. You
• 17:37
  Speaker 9: n I V E R s I T Y dot com.
• 17:42
  Speaker 3: See it there.
• 17:43
  Speaker 4: So the guy from Britain, I think it might have
• 17:45
  Speaker 4: been Paris Morrison, one of these guys from Britain. They
• 17:47
  Speaker 4: were saying that, you know, it's a backwards way of
• 17:50
  Speaker 4: thinking and different things that nature, and he was like,
• 17:52
  Speaker 4: well you're trying to force your value system on us
• 17:57
  Speaker 4: when we're a country that's just fifty years old. Like
• 17:59
  Speaker 4: when you're country was fifty years old, you had all
• 18:01
  Speaker 4: kinds of child labor laws and all kinds of issues
• 18:04
  Speaker 4: that you have been still to this day fully dealt
• 18:07
  Speaker 4: with racism, different things in that nature. So it's like
• 18:09
  Speaker 4: you're trying to impose a value system on us, where
• 18:16
  Speaker 4: just let us get to that point if we get
• 18:18
  Speaker 4: to that point, right, or just respect it and don't come.
• 18:23
  Speaker 4: But I think that that's something that's extremely important for
• 18:26
  Speaker 4: Americans to understand, Like when you go to somebody else's home,
• 18:31
  Speaker 4: it's not like to say, like I'm going to impose
• 18:34
  Speaker 4: my will on your culture. Yes, and that's even something
• 18:37
  Speaker 4: that Swiss Beast told us. But he was like, you know,
• 18:39
  Speaker 4: talking about Saudi Arabia, and you know he's talking about money,
• 18:42
  Speaker 4: and he was like, the cheapest thing you can do
• 18:45
  Speaker 4: is ask for money. You know, you think you're getting
• 18:48
  Speaker 4: over because you're overcharging for a show, and that's not
• 18:52
  Speaker 4: the best way to go. He's like, if it was
• 18:53
  Speaker 4: up to me, I do a show for free because
• 18:55
  Speaker 4: I understand the long game. Like I'm trying to like
• 18:58
  Speaker 4: it's not about me trying to, you know, beat you
• 19:00
  Speaker 4: over the head and get a quick lick. He's like,
• 19:02
  Speaker 4: we gotta stop thinking about that, Like, it's about really
• 19:04
  Speaker 4: experiencing the culture, learning the culture, seeing how you can
• 19:07
  Speaker 4: fit in, how you can add value to the culture,
• 19:09
  Speaker 4: as opposed to just coming over with a that's really
• 19:13
  Speaker 4: like a European mindset of being a conqueror. Yes, and
• 19:16
  Speaker 4: that's something that I think, you know, you have to
• 19:18
  Speaker 4: when you go to different parts of the world. You
• 19:21
  Speaker 4: gotta be diplomatic. You can't come as like this is
• 19:24
  Speaker 4: how we are coming, yes, and we are gonna impose
• 19:27
  Speaker 4: our life on you. You cannot because it's not it's
• 19:30
  Speaker 4: not their way of life.
• 19:31
  Speaker 2: No, it's not. No, I couldn't agree with you.
• 19:33
  Speaker 7: More like going there with an open mind is the
• 19:35
  Speaker 7: number one thing that you have to do. You cannot
• 19:38
  Speaker 7: americanize every experience, you know. And that's why even at
• 19:41
  Speaker 7: the start of this interview, I spoke Arabic, just to
• 19:43
  Speaker 7: show respect to the culture, to let them know that
• 19:45
  Speaker 7: I want to even embrace them in on this conversation
• 19:48
  Speaker 7: because they too want to know about American culture.
• 19:50
  Speaker 2: It's a given is to take.
• 19:52
  Speaker 7: You know, I've learned so much more about family values
• 19:55
  Speaker 7: and also, you know, just many different things from the culture,
• 19:58
  Speaker 7: and I think everyone should have and international experience.
• 20:01
  Speaker 4: Howld is your y'all he's fourteen.
• 20:05
  Speaker 5: Let's talk about that for soon. Yeah.
• 20:06
  Speaker 6: So, like when you spoke to your mom and mom said,
• 20:08
  Speaker 6: I see your vision. What's that conversation that you're having
• 20:11
  Speaker 6: now with the teenager? Yes, but it's not like we're
• 20:13
  Speaker 6: transferring to a new school district. We'll transferred. We're going
• 20:16
  Speaker 6: to a whole other country, different way of I'm assuming
• 20:19
  Speaker 6: a different language.
• 20:20
  Speaker 5: So what was that conversation? How receptive was he to
• 20:23
  Speaker 5: your vision?
• 20:24
  Speaker 7: So my son is one of the most understanding children ever,
• 20:29
  Speaker 7: Like I absolutely love destined shout out to my baby.
• 20:32
  Speaker 7: So what I did was I actually put this plan
• 20:34
  Speaker 7: into motion for a year behind the scenes. It's not
• 20:36
  Speaker 7: something anyone knew about other than my mother and people
• 20:38
  Speaker 7: that are very close to me. Even he was not
• 20:41
  Speaker 7: in on that conversation. I waited until about two months
• 20:44
  Speaker 7: before we actually moved to let him know because I
• 20:46
  Speaker 7: didn't want to distract his mind. You know, you need
• 20:48
  Speaker 7: to focus on what's going on right now. But when
• 20:51
  Speaker 7: I told him, he said, Okay, you know he was
• 20:54
  Speaker 7: open to it. Fast forward. He is living his best life.
• 20:59
  Speaker 7: When I tell you, is the man over there. They
• 21:02
  Speaker 7: love his accent, they love his hair. While we're over
• 21:04
  Speaker 7: here trying to straighten our hair. They're like, he has
• 21:06
  Speaker 7: the coolest hair in school. We love the way he talks.
• 21:09
  Speaker 7: You know, it's just he's embracing it. But what I
• 21:11
  Speaker 7: love the most, and he even pointed this out to me.
• 21:14
  Speaker 7: He was like, Mom, you would have never let me
• 21:16
  Speaker 7: be more.
• 21:17
  Speaker 2: Be free.
• 21:18
  Speaker 7: And by what he means by that is he actually
• 21:20
  Speaker 7: gets to call his own taxis. When he needs to
• 21:21
  Speaker 7: get his haircut, he'll call a ride and he'll go.
• 21:24
  Speaker 7: If he needs to go to football practice, then I
• 21:25
  Speaker 7: can make it. He can call and he can go,
• 21:28
  Speaker 7: or he can have our driver take him. So we
• 21:30
  Speaker 7: get to move around in a different way where he
• 21:32
  Speaker 7: gets to actually be a teenager and walk the streets
• 21:34
  Speaker 7: and feel relaxed, like the.
• 21:35
  Speaker 2: Police don't even carry guns over there. Ts.
• 21:38
  Speaker 7: Yeah, teenagers get to go to the mall and hang
• 21:40
  Speaker 7: out with their friends and not have the fear of
• 21:42
  Speaker 7: like you're gonna be stereotyped, that you're gonna walk out
• 21:44
  Speaker 7: of here and steal something he can actually enjoy life,
• 21:47
  Speaker 7: and so many of our young men just don't get
• 21:50
  Speaker 7: to experience that freedom of mindset. He can truly focus
• 21:53
  Speaker 7: on your schoolwork, enjoying yourself, being safe.
• 21:57
  Speaker 2: That's it.
• 21:58
  Speaker 7: You don't have any additional pressures are fears of gangs
• 22:01
  Speaker 7: and this and that.
• 22:02
  Speaker 2: You know what I'm saying.
• 22:03
  Speaker 7: Every culture has its own different things and ways of living.
• 22:07
  Speaker 7: But I think that this is one of the most
• 22:08
  Speaker 7: important decisions I could have made for him, is to
• 22:10
  Speaker 7: pull him out of this environment, especially as a single mom.
• 22:13
  Speaker 2: At this stage of his life.
• 22:15
  Speaker 7: You know, a lot of people may say, oh, I
• 22:17
  Speaker 7: lived in Germany when I was three or four years old.
• 22:19
  Speaker 7: That's not going to change the trajectory of your life.
• 22:21
  Speaker 7: My best my son's best friend is Chinese. I'm like,
• 22:24
  Speaker 7: you need to stay close to him. Look, he might
• 22:25
  Speaker 7: be you know, president of China, you know, or inventing something.
• 22:30
  Speaker 5: You know.
• 22:30
  Speaker 7: Because what I love the most about this experience for
• 22:33
  Speaker 7: him is making him take his entrepreneurial journey more seriously
• 22:36
  Speaker 7: because now he's meeting kids his age that own businesses.
• 22:39
  Speaker 7: You know, their parents have maids and drivers, and they
• 22:42
  Speaker 7: living in these huge homes. So it's not just the
• 22:44
  Speaker 7: exposure he's getting for me now, it's like, oh my
• 22:47
  Speaker 7: mom is on to something.
• 22:49
  Speaker 2: You know.
• 22:49
  Speaker 7: He started his own company, tricky mess dot com where
• 22:52
  Speaker 7: he's selling graphic T shirts, shoes, and hats.
• 22:54
  Speaker 2: So I'm very excited for him.
• 22:56
  Speaker 4: So before I want to get into this investor conversation
• 22:59
  Speaker 4: before at the last social aspect of it, talks about
• 23:02
  Speaker 4: being a woman. Yeah, but you also are black? Yes,
• 23:06
  Speaker 4: black American, So how's that aspect of it as far
• 23:10
  Speaker 4: as being a black person in Dubai.
• 23:13
  Speaker 7: I love that question because I get it all the time.
• 23:17
  Speaker 7: So they kind of characterize and put us all in
• 23:19
  Speaker 7: a melting pot there. They just assume we're all African.
• 23:22
  Speaker 7: The reason being is because of our skin tone. Until
• 23:24
  Speaker 7: you start speaking, then it's like, oh okay, she may
• 23:27
  Speaker 7: not be African, but she's somewhere different. Sometimes I get America,
• 23:30
  Speaker 7: but sometimes I'll get something else. So my point is
• 23:34
  Speaker 7: there aren't enough Americans on the ground, and that's one
• 23:36
  Speaker 7: of the reasons why I'm there, is like to spread
• 23:38
  Speaker 7: the word, like you all, you.
• 23:39
  Speaker 2: Can come here, you can live here.
• 23:40
  Speaker 7: They do accept us, they do embrace us, like they
• 23:42
  Speaker 7: love our accent, they love our culture.
• 23:45
  Speaker 2: They watch everything that we do.
• 23:47
  Speaker 7: It's just that they don't have the relationships in real
• 23:49
  Speaker 7: time to really like say, Okay, that's what an American
• 23:52
  Speaker 7: looks like. That's what they you know, that's their culture
• 23:54
  Speaker 7: and that's what they do. So yeah, I love it.
• 23:57
  Speaker 2: They love us, So get rid of that mindset that
• 24:00
  Speaker 2: don't because.
• 24:01
  Speaker 4: I mean what I'm said, we Steve Harvey is probably
• 24:03
  Speaker 4: the biggest advocate for him.
• 24:05
  Speaker 6: Yeah, while you were talking, that was the first thing
• 24:07
  Speaker 6: I was thinking, because he had spoke to us during
• 24:10
  Speaker 6: his interview and he was like, imagine just waking up
• 24:13
  Speaker 6: and walking outside and not having any words. There's no crime,
• 24:16
  Speaker 6: that the feeling, there's no pollution, there's no garbage anywhere. Yes,
• 24:21
  Speaker 6: there's no homelessness. Everybody's at peace. Imagine what that would
• 24:25
  Speaker 6: be like. So as you're saying that, he's the first
• 24:27
  Speaker 6: thing I thought of, and I thought, like, imagine your
• 24:29
  Speaker 6: fourteen year old son in Atlanta, Yes, coming out of
• 24:32
  Speaker 6: the environment where those some of those things that happened,
• 24:34
  Speaker 6: and at peace. The amount of creativity, the freedness of
• 24:37
  Speaker 6: his thought, what he can be great?
• 24:39
  Speaker 5: Great?
• 24:40
  Speaker 6: Now, it just opens up his mind right, just like
• 24:43
  Speaker 6: the real exposure, This is the real social studies.
• 24:45
  Speaker 2: This is the real social studies class, you know.
• 24:47
  Speaker 4: But even our guy Oasis, I'm not pronouncing his name incorrectly,
• 24:53
  Speaker 4: he's you know him, so yeah, So he was yep, yep, yeah,
• 24:58
  Speaker 4: Steve Harvey's business partner. So during that interview that Steve
• 25:02
  Speaker 4: Harvey gave when he was talking about his business partner,
• 25:05
  Speaker 4: that is so disciplined that praise all the time. That
• 25:07
  Speaker 4: is like thirty years old. That's who. That's the guy
• 25:09
  Speaker 4: he was talking about. So when I met him, he's
• 25:11
  Speaker 4: actually from the Bronx. Originally I didn't know that. So
• 25:14
  Speaker 4: his family, he's his mom I think, is American black.
• 25:18
  Speaker 4: His father is from the Middle East, but you know
• 25:22
  Speaker 4: he looked black and he grew up and in America
• 25:26
  Speaker 4: and then he moved over there, and I mean he's assimilated.
• 25:31
  Speaker 2: He killing he is killing it. Everyone knows.
• 25:34
  Speaker 7: And that's the other thing too, is like all of
• 25:36
  Speaker 7: the Americans like we know each other or know of
• 25:38
  Speaker 7: one another. So it's still a very very unique community
• 25:42
  Speaker 7: that we're building right now. So I really love the
• 25:46
  Speaker 7: place and it couldn't been a better time.
• 25:48
  Speaker 4: He's getting to it.
• 25:49
  Speaker 5: That's what it.
• 25:53
  Speaker 6: Said that might have been under that definitely was an understatement.
• 25:56
  Speaker 6: But it's like even in having conversations while we were there,
• 25:59
  Speaker 6: yes with a black arians was like, you want to
• 26:02
  Speaker 6: talk about vision. Everybody has a vision, everybody has a
• 26:04
  Speaker 6: clear pain. We talk about generational wealth. Their parents also
• 26:08
  Speaker 6: had it and now they're living it. Yes, so it's
• 26:10
  Speaker 6: a very it's a very unique place.
• 26:13
  Speaker 7: And I do want to also make mention that this
• 26:15
  Speaker 7: is not real estate is not the only market that's open.
• 26:18
  Speaker 7: It is an emerging market in every industry. So whether
• 26:21
  Speaker 7: you want to do content creation, whether you want to
• 26:24
  Speaker 7: do hair, whether you want to do nails like, it.
• 26:26
  Speaker 2: Does not matter.
• 26:27
  Speaker 7: There's so many opportunities to develop and grow relationships in
• 26:31
  Speaker 7: this area.
• 26:32
  Speaker 4: So let's get to this investment conversation, all right, So
• 26:34
  Speaker 4: let's give us some game or how we can invest
• 26:37
  Speaker 4: in real estate in Dubai, Airbnb, short term, long term plays. Yeah,
• 26:43
  Speaker 4: let's let's let's talk about it.
• 26:44
  Speaker 2: Let's talk about it. Okay, Okay, let's talk about the money.
• 26:47
  Speaker 2: So listen.
• 26:47
  Speaker 7: I want to make this simple for our listeners, right,
• 26:49
  Speaker 7: So let's talk about three different scenarios in which you
• 26:52
  Speaker 7: can invest in Dubai. So let's call this one investor
• 26:54
  Speaker 7: a investor a might be someone who's interested in investing
• 26:57
  Speaker 7: in Dubai. They have no intention on necessarily located into Dubai,
• 27:00
  Speaker 7: but they want to eurn currency in different currencies, right,
• 27:04
  Speaker 7: They want to just get a piece of the pie.
• 27:07
  Speaker 7: This particular investor might be someone who would invest in
• 27:10
  Speaker 7: what's called an off plan project.
• 27:12
  Speaker 2: So our off plan project would be what we call
• 27:14
  Speaker 2: new construction.
• 27:15
  Speaker 7: So you invest in this project that is not built
• 27:18
  Speaker 7: today but will be built in the future, say two
• 27:20
  Speaker 7: to four years out. So what happens is you say, hey,
• 27:24
  Speaker 7: I want to invest in this project that you say
• 27:26
  Speaker 7: will be here. Let's say I'll give you guys a
• 27:28
  Speaker 7: live example, because I just sold two of these units
• 27:30
  Speaker 7: this week. There's a project in Dubai that will be
• 27:34
  Speaker 7: completed in the year twenty twenty five. I have investors
• 27:37
  Speaker 7: who have put twenty percent down on this project, and
• 27:39
  Speaker 7: they won't make any additional payments on this project until
• 27:42
  Speaker 7: the year twenty twenty four. What's different about the Dubai
• 27:45
  Speaker 7: real estate market is that it allows for you to
• 27:47
  Speaker 7: pay for your projects in cash. So whereas in the
• 27:50
  Speaker 7: US we're paying for a project for thirty years, they've
• 27:53
  Speaker 7: structured payment plans for investors to be able to pay
• 27:55
  Speaker 7: off their properties in seven years, ten years, or less
• 27:59
  Speaker 7: five years. Really you can buy a cash same day
• 28:01
  Speaker 7: as well, but this particular payment plan is a seven
• 28:04
  Speaker 7: year payment plan.
• 28:05
  Speaker 2: So if you think about it, this is.
• 28:07
  Speaker 7: Opening an opportunity for Americans to say, hey, in seven years,
• 28:11
  Speaker 7: I can own a property free and clear. So you
• 28:14
  Speaker 7: put twenty percent down and then you make payments based
• 28:17
  Speaker 7: on a schedule, so you have an amortization schedule. It
• 28:19
  Speaker 7: just doesn't go thirty years down. So what's cool about
• 28:22
  Speaker 7: this is it allows investors to come into the market
• 28:25
  Speaker 7: once the property is built in two years. Because this
• 28:27
  Speaker 7: particular one is built will be completed in twenty twenty five.
• 28:30
  Speaker 7: You now have the keys to your project, so it's
• 28:33
  Speaker 7: no longer like something that's to be it's here, right.
• 28:35
  Speaker 2: So what you can now do.
• 28:37
  Speaker 7: Is bring in Airbnb, you can bring in short term rental,
• 28:40
  Speaker 7: you can bring in long term rental into that project.
• 28:42
  Speaker 7: So now you own a project, but you've only paid
• 28:44
  Speaker 7: fifty percent of what's due. The remaining fifty percent is
• 28:48
  Speaker 7: still due up until twenty thirty. But now you have
• 28:50
  Speaker 7: a tenant in there. So guess who's paying at one
• 28:52
  Speaker 7: percent for now you're doing airbnb, so guess who's covering
• 28:55
  Speaker 7: that cost for you? So this allows you to really
• 28:58
  Speaker 7: pay fifty percent of one hundred percent proper need that
• 29:00
  Speaker 7: you own.
• 29:01
  Speaker 2: So that's a really really dope way.
• 29:03
  Speaker 4: Well, let's let's back up a little bit. Okay, what
• 29:05
  Speaker 4: does it take to buy a property Indai?
• 29:07
  Speaker 2: Document wise?
• 29:08
  Speaker 4: Yeah, because in America obviously you got to have your
• 29:10
  Speaker 4: two years at tax return.
• 29:12
  Speaker 5: Yeah, you have blood tied.
• 29:14
  Speaker 4: Yes, if you're if you're going to Dubai, you're trying
• 29:18
  Speaker 4: to buy a property, what is what? What do you
• 29:20
  Speaker 4: have to have as far as documentation?
• 29:22
  Speaker 7: Y'all listen, I really love that question because it's so
• 29:26
  Speaker 7: simple to become an investor in Dubai. You only need
• 29:29
  Speaker 7: a copy of your passport, your driver's license, a utility
• 29:32
  Speaker 7: bill to show your local address in the US or
• 29:34
  Speaker 7: wherever you are in the world, as well as your
• 29:37
  Speaker 7: email address and your phone number. You have the twenty
• 29:39
  Speaker 7: percent down payment, you can start to become an investor.
• 29:43
  Speaker 4: So they don't care about your income, they don't look
• 29:45
  Speaker 4: at your credit.
• 29:46
  Speaker 2: Credit your credit score does not matter. What you need?
• 29:50
  Speaker 5: What about interest rates?
• 29:51
  Speaker 2: So let's go. So that was scenario number one. This
• 29:53
  Speaker 2: is a cash play.
• 29:54
  Speaker 7: So this is for someone who wants to buy cash
• 29:56
  Speaker 7: based on the strategic payment plan that they set out
• 29:58
  Speaker 7: for you.
• 29:59
  Speaker 6: Because as your and I'm thinking if I do that
• 30:01
  Speaker 6: in cash and I'm paying seven years as opposed to thirty,
• 30:04
  Speaker 6: most people are thinking I'm gonna pay more in the
• 30:06
  Speaker 6: seven No.
• 30:07
  Speaker 7: Because yes, so it's interest free. You're literally just saying, Okay,
• 30:10
  Speaker 7: pay here, pay here, pay here, pay here. There is
• 30:12
  Speaker 7: no interest in this strategy. So that's investor number one.
• 30:16
  Speaker 7: Okay or A, and we said investor B. That might
• 30:19
  Speaker 7: be someone who wants the same type of strategy, but
• 30:21
  Speaker 7: say they don't have five hundred thousand dollars, for example, to.
• 30:25
  Speaker 2: Completely invest, but they may have two fifty.
• 30:27
  Speaker 7: So what they can do is they can actually pay,
• 30:29
  Speaker 7: take that same payment schedule, make payments, say until the
• 30:33
  Speaker 7: year twenty twenty four, it's gonna be doing twenty five.
• 30:36
  Speaker 7: But I want to actually resell my floor plan back
• 30:38
  Speaker 7: to the market before it's completed, so I'm never actually
• 30:41
  Speaker 7: paying the full cost of the property. I just have
• 30:43
  Speaker 7: some money right now that I want to flip. So
• 30:46
  Speaker 7: this is a strategy. I've coin flipping the floor plan
• 30:49
  Speaker 7: in the US, when you sign a dotted line for
• 30:51
  Speaker 7: a new construction project.
• 30:52
  Speaker 2: You have to see it through to the end.
• 30:54
  Speaker 7: You don't get to take advantage of phase two and
• 30:56
  Speaker 7: phase three increases in appreciation. You own that property in Dubai.
• 31:01
  Speaker 7: You can sign today, and you can resell after a
• 31:03
  Speaker 7: certain threshold. That threshold is typically thirty percent of the
• 31:06
  Speaker 7: purchase price. So if you put twenty percent down and
• 31:09
  Speaker 7: then you make another payment of ten percent, you've now
• 31:11
  Speaker 7: met that threshold to resell your.
• 31:13
  Speaker 2: Floorplan to the market. So now you get to get.
• 31:17
  Speaker 7: Your initial investment back and earn interest on that based
• 31:20
  Speaker 7: on what you want to sell it for. Because guess what,
• 31:23
  Speaker 7: you as the seller, get to dictate what that new
• 31:25
  Speaker 7: price is. And you've also hired that on site team
• 31:29
  Speaker 7: to work for you because guess what, that building is
• 31:31
  Speaker 7: sold out. So the play is to wait for that
• 31:33
  Speaker 7: building to sell out. You have this paper in your pocket,
• 31:36
  Speaker 7: is not yet built, but you're saying, hey, you're gonna
• 31:39
  Speaker 7: have buyers coming in here every day that want to
• 31:41
  Speaker 7: buy into this project. Put me on the list and
• 31:44
  Speaker 7: say hey, I'm an interested seller, and now you can
• 31:47
  Speaker 7: contact me when people are interested in this floor plan,
• 31:49
  Speaker 7: and now you can resell it to the market. So
• 31:51
  Speaker 7: now the developers and investors in Dubai are in a
• 31:54
  Speaker 7: collaborative relationship versus in the US, it's like seller buyer,
• 32:00
  Speaker 7: we're at odds. In Dubai, they price it in a
• 32:02
  Speaker 7: way in which they allow investors to also eat from
• 32:05
  Speaker 7: their development projects.
• 32:07
  Speaker 4: So bank financing is not really a thing that's.
• 32:11
  Speaker 2: Gonna be scenario number three. But was that clear?
• 32:14
  Speaker 5: Got you?
• 32:14
  Speaker 2: Isn't that cool?
• 32:16
  Speaker 5: Yeah?
• 32:16
  Speaker 2: That's an amazing way to.
• 32:18
  Speaker 5: Then I have another question. Yeah, yeah, that's yeah.
• 32:20
  Speaker 7: So yeah, so investor, See this investor might be someone
• 32:24
  Speaker 7: who wants something now. They want to relocate to Dubai,
• 32:26
  Speaker 7: they want to start a business in Dubai. They're like,
• 32:28
  Speaker 7: I want or even I don't want to relocate, but
• 32:30
  Speaker 7: I want Airbnb. I want to start making money in
• 32:32
  Speaker 7: Dubai right now today. So this is going to be
• 32:34
  Speaker 7: a resale strategy. If you want to purchase a property
• 32:37
  Speaker 7: in Dubai and you want to resell the property, or
• 32:39
  Speaker 7: you want to just purchase it to live in or invest,
• 32:42
  Speaker 7: you have to put down a threshold of fifty percent.
• 32:45
  Speaker 7: So fifty percent, there's no longer the ten or twenty
• 32:47
  Speaker 7: percent options. The minimum for for an investor is fifty percent,
• 32:50
  Speaker 7: so you can get fifty percent financing coupled with your
• 32:53
  Speaker 7: fifty percent at closing, So when you close, you're bringing
• 32:57
  Speaker 7: fifty percent and that lender is bringing fifty percent what's required.
• 33:01
  Speaker 2: When it comes to lending.
• 33:02
  Speaker 7: As a foreign investor, you do not have to move
• 33:04
  Speaker 7: to Do Bay to invest this way and obtain financing.
• 33:07
  Speaker 7: But your banks will not be your traditional Bank of
• 33:10
  Speaker 7: America or Chase. You will be using local banks. So
• 33:13
  Speaker 7: what you do is they work through brokers, so there
• 33:16
  Speaker 7: will be a broker that will help you find the
• 33:19
  Speaker 7: local bank that best meets your criteria. So you're still
• 33:21
  Speaker 7: going through a pre approval process. Essentially, you fill out
• 33:24
  Speaker 7: an application. They ask you some questions. But what's really
• 33:26
  Speaker 7: cool is that they're not heavily credit focused, So even
• 33:29
  Speaker 7: if you have credit challenges, they're less concerned about credit.
• 33:32
  Speaker 7: You're more concerned about capital, So if you have more
• 33:35
  Speaker 7: capital and shaky credit, you'll still get the deal done.
• 33:39
  Speaker 2: They want foreign investors in the market.
• 33:42
  Speaker 6: Is there a certain threshold that they're looking at or
• 33:44
  Speaker 6: is it based on the overall pricing of the real
• 33:47
  Speaker 6: estate that you're trying to buy? Right, So, if I'm
• 33:49
  Speaker 6: trying to get a laydella home. How much money or
• 33:52
  Speaker 6: how much assets to one need to have to get
• 33:54
  Speaker 6: that home.
• 33:55
  Speaker 7: It's really they're going to do a slight affordability calculation
• 33:59
  Speaker 7: with your debts and income to say you're approved for
• 34:01
  Speaker 7: a million or not. But because they're already requiring fifty percent,
• 34:04
  Speaker 7: you're only still getting financed on five hundred thousand versus here,
• 34:08
  Speaker 7: you're getting financed on ninety six point five percent in
• 34:10
  Speaker 7: most cases. So it's like that's way more income that
• 34:12
  Speaker 7: you need to provide. So Dubai is a very debt
• 34:16
  Speaker 7: They are debt averse.
• 34:17
  Speaker 4: That you know. It's interesting, So most people buy property
• 34:20
  Speaker 4: in cash cash, So this is something I was actually
• 34:22
  Speaker 4: I think it was Ghana. It was a country in Africa,
• 34:25
  Speaker 4: in West Africa. So there's another thing that American in
• 34:31
  Speaker 4: the Western world has made normalized, where, if you really
• 34:34
  Speaker 4: think about it, a lot of these places outside of America,
• 34:39
  Speaker 4: the whole home buying process is different.
• 34:41
  Speaker 2: It's so different.
• 34:42
  Speaker 4: It's like, you don't you if you have two hundred
• 34:46
  Speaker 4: thousand dollars then you buy a home for two hundred.
• 34:48
  Speaker 2: Thousands, that's it no interest.
• 34:50
  Speaker 4: Yes, it's really how it should be honestly right, because
• 34:55
  Speaker 4: it's like, we normalize buying things that we can't afford.
• 34:58
  Speaker 5: Absolutely, So we put ten.
• 35:00
  Speaker 4: Percent down or three point five percent down, one percent
• 35:04
  Speaker 4: down on a home that costs five million dollars, and
• 35:06
  Speaker 4: now we got to pay a mortgage that we can't afford.
• 35:08
  Speaker 4: And it's like, that's because we live beyond our means,
• 35:13
  Speaker 4: that's because we want things that we really can't afford.
• 35:16
  Speaker 4: We want bigger. So it's like, well, why don't you
• 35:21
  Speaker 4: just pay for something that you can afford? Yes, absolutely,
• 35:25
  Speaker 4: But that's never really been taught to us because the
• 35:27
  Speaker 4: mortgage and even the way that banks work a lot
• 35:29
  Speaker 4: of these countries, especially on it the Muslim countries, the
• 35:32
  Speaker 4: banks don't charge interest, so the whole way that the
• 35:35
  Speaker 4: banking system is set up is different. It's not really
• 35:38
  Speaker 4: incentivized for you to take a mortgage because when you're
• 35:41
  Speaker 4: taking a mortgage, the bank is really winning in a
• 35:43
  Speaker 4: situation rye. So the amount of money that you're going
• 35:46
  Speaker 4: to pay.
• 35:48
  Speaker 5: Earners what's up.
• 35:48
  Speaker 8: You ever walk into a small business and everything just
• 35:51
  Speaker 8: works like the checkout is fast, the seats are digital,
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  Speaker 8: tipping is a breeze, and you're out the door before
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  Speaker 1: An illegal alien from Guatemala charged with raping a child
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  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
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  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 37:50
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• 37:54
  Speaker 1: some of the heinous migrant criminals caught because of President
• 37:58
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 38:01
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 38:06
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 38:10
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 38:13
  Speaker 1: were here illegally, your next you will be fine nearly
• 38:17
  Speaker 1: one thousand dollars a day. Imprisoned and deported, you will
• 38:21
  Speaker 1: never return but if you register using our CBP home
• 38:25
  Speaker 1: app and leave now, you could be allowed to return legally.
• 38:28
  Speaker 1: Do what's right.
• 38:30
  Speaker 2: Leave now.
• 38:31
  Speaker 1: Under President Trump America's laws, border and families.
• 38:35
  Speaker 5: Will be protected.
• 38:36
  Speaker 3: Sponsored by the United States Department of Homeland Security.
• 38:38
  Speaker 4: They over a thirty year timeframe, you could avoid three
• 38:42
  Speaker 4: more houses for the house that you just purchased. So
• 38:45
  Speaker 4: it's like, even the way that we look at real
• 38:46
  Speaker 4: estate in America, we have a different mindset. We're trained
• 38:51
  Speaker 4: to put ourselves in debt for things that we traditionally
• 38:54
  Speaker 4: can't afford to benefit the bank.
• 38:56
  Speaker 7: Absolutely, that's a beautiful way to explain it. And that's
• 39:00
  Speaker 7: exactly what's happening, and that's why I really love that.
• 39:03
  Speaker 7: So having a conversation with Americans now and I'm like, well,
• 39:05
  Speaker 7: if you want a property now you have to put
• 39:07
  Speaker 7: fifty percent down, It's.
• 39:08
  Speaker 2: Like, oh, gut punch, Like wait, what what do I.
• 39:12
  Speaker 6: Do?
• 39:12
  Speaker 5: That?
• 39:13
  Speaker 2: What the world just happened?
• 39:14
  Speaker 7: But imagine if we were trained all our lives to
• 39:16
  Speaker 7: say no, you can own a property in seven years,
• 39:18
  Speaker 7: how many more of us would be investors? How many
• 39:20
  Speaker 7: more of us will own real estate free and clear
• 39:23
  Speaker 7: because there's no.
• 39:23
  Speaker 5: Anal properties and make better financial decisions.
• 39:26
  Speaker 2: Yes, exactly.
• 39:27
  Speaker 7: If I know I need it, then I'm gonna put
• 39:28
  Speaker 7: it towards something that's gonna actually add value. And so
• 39:32
  Speaker 7: I really love that when they typically go through the
• 39:34
  Speaker 7: financial aspect of what is necessary, they're gonna look at
• 39:37
  Speaker 7: your last two years bank statements.
• 39:39
  Speaker 2: That's the maximum that they'll ever do. Sometimes it can
• 39:42
  Speaker 2: be shorter three to six months.
• 39:43
  Speaker 7: It's really really capital focused. I can't emphasize that enough.
• 39:47
  Speaker 7: But in the scenario where you do get financing, there
• 39:50
  Speaker 7: will be some interest. But again, if you go back
• 39:53
  Speaker 7: to option A and you pay cash, there is no interest.
• 39:56
  Speaker 7: So that's the options that investors have is really really don't.
• 40:00
  Speaker 5: So you said something and we saw this as well.
• 40:02
  Speaker 5: There was a lot of creans.
• 40:04
  Speaker 6: So that means there's a lot of development happening, which
• 40:07
  Speaker 6: sometimes cold lead and we've seen this happen in Florida
• 40:09
  Speaker 6: when there's too much property and the market is oversaturated.
• 40:13
  Speaker 6: How do we know when or where we should be focusing.
• 40:17
  Speaker 6: Because you also brought up the mainland in the free zone,
• 40:20
  Speaker 6: which are two different things, and maybe explain that as well.
• 40:23
  Speaker 6: How do we know that you know what, this market
• 40:25
  Speaker 6: won't be oversaturated in the next five ten years.
• 40:27
  Speaker 7: Absolutely, I feel like oversaturation is kind of like just
• 40:31
  Speaker 7: a mindset thing, you know what I'm saying, Because imagine
• 40:34
  Speaker 7: if y'all didn't start a podcast because there were hundreds
• 40:36
  Speaker 7: of podcasts. It's just about what can you provide value for.
• 40:39
  Speaker 7: What makes Dubai unique to the world is a few reasons. One,
• 40:44
  Speaker 7: there's no capital gains tax, there's no income tax, there's
• 40:47
  Speaker 7: no property taxes, So there is no capital gains tax,
• 40:55
  Speaker 7: no income taxes or any property taxes in Dubai. That
• 41:00
  Speaker 7: alone allows so much cost savings for people that are
• 41:03
  Speaker 7: ultra high net worth individuals. M okay, yeah, you're talking
• 41:06
  Speaker 7: about the number three safest place to live in the world.
• 41:09
  Speaker 7: So if you have a Bugatti in the US and
• 41:11
  Speaker 7: you have to keep it in your garage but you
• 41:13
  Speaker 7: really wanna drive it, what good is it to have
• 41:16
  Speaker 7: all these things that you can enjoy. You come to
• 41:18
  Speaker 7: Dubai and use that same money. You can enjoy everything
• 41:21
  Speaker 7: that you the fruits of your labor. You can truly
• 41:23
  Speaker 7: relax and enjoy it. It is the number one most
• 41:25
  Speaker 7: profitable a destination for Airbnb, and it is the number
• 41:28
  Speaker 7: one most popular travel destination.
• 41:30
  Speaker 2: It's literally written in their airport.
• 41:33
  Speaker 7: So what Dubai is creating is a safe haven for
• 41:37
  Speaker 7: people who are entrepreneurial. I will also say when it
• 41:40
  Speaker 7: comes to people who have service based jobs, this is
• 41:43
  Speaker 7: one of the the cons that people may need to
• 41:45
  Speaker 7: also pay attention to. That's listening. If you are American
• 41:48
  Speaker 7: and you don't have a specialized skill, or you're not
• 41:50
  Speaker 7: an entrepreneur and know how to actually generate income for
• 41:52
  Speaker 7: yourself as a business owner, you're gonna struggle in that market.
• 41:55
  Speaker 7: It's not necessarily the place for you to come and say, oh,
• 41:58
  Speaker 7: I'm gonna put in all these applications. You have to
• 42:00
  Speaker 7: come over there and have something to give. It's really
• 42:03
  Speaker 7: kind of like a give and take type of society.
• 42:07
  Speaker 7: They allow you to do your thing, but you have
• 42:09
  Speaker 7: to generate income for yourself unless you're coming over there
• 42:11
  Speaker 7: you're like a CEO.
• 42:12
  Speaker 2: Of Google or something like that.
• 42:13
  Speaker 7: But that middle ground doesn't really exist for Americans because
• 42:17
  Speaker 7: the service based business there, they're able to use a
• 42:20
  Speaker 7: skilled labor. Yeah, they're in yeah different parts of the world,
• 42:24
  Speaker 7: and just the cost of labor is so much lower
• 42:27
  Speaker 7: than what an American would expect. So you have to
• 42:29
  Speaker 7: be able to generate your own income. But your question though,
• 42:33
  Speaker 7: as far as which areas are really popping. So on
• 42:36
  Speaker 7: the luxury side, you have the Palm, you have the
• 42:39
  Speaker 7: Dubai Marina, which is where I live. I absolutely love it,
• 42:42
  Speaker 7: you know, waking up every day and being able to
• 42:43
  Speaker 7: just see yachts at ten o'clock in the morning people
• 42:47
  Speaker 7: are just out living their best life is so inspiring
• 42:50
  Speaker 7: to me. The other areas are absolutely love like downtown
• 42:54
  Speaker 7: Dubai and madelan City.
• 42:56
  Speaker 2: And then on the lower end more.
• 42:58
  Speaker 7: Affordable areas, you have places like the City of Arabia
• 43:00
  Speaker 7: or Emr South or the mac Hills, and there are
• 43:03
  Speaker 7: so many different areas that you can now invest in.
• 43:06
  Speaker 7: The beautiful part about it is that it's a growing economy,
• 43:09
  Speaker 7: so everything's open.
• 43:10
  Speaker 4: You said something that was important to shot really quick.
• 43:13
  Speaker 5: So the free zone is the Palm's part of the
• 43:15
  Speaker 5: free zone.
• 43:16
  Speaker 7: How does that word that's gonna be a part of
• 43:17
  Speaker 7: the So free zone and mainland is just for people
• 43:20
  Speaker 7: who are looking to start businesses, to conduct business. It's
• 43:22
  Speaker 7: like it allows you territory. It's essentially to be able
• 43:25
  Speaker 7: to conduct business, to transact. But when it comes to
• 43:28
  Speaker 7: actually investing, you won't actually see a project advertised if
• 43:32
  Speaker 7: you can't as a foreign investor purchase it. If it's
• 43:34
  Speaker 7: something that's localized, that's more under wraps, that's not gonna
• 43:38
  Speaker 7: be listed for sale to they actually identify on the
• 43:41
  Speaker 7: listing if it's something that the public can purchase, or
• 43:44
  Speaker 7: if it's something an investor can purchase. But when it
• 43:46
  Speaker 7: comes to like all these new developments, those are all
• 43:49
  Speaker 7: for foreign investors.
• 43:50
  Speaker 4: You said something that was I won't get back to
• 43:53
  Speaker 4: there's no property tax. That's another thing in America is
• 43:56
  Speaker 4: like you technically never really own your property because even
• 43:59
  Speaker 4: if you buy it out and cash, yes, if you
• 44:03
  Speaker 4: fall behind your property taxes, then they can take your
• 44:05
  Speaker 4: property absolutely. And that's something that you know, property taxes.
• 44:09
  Speaker 4: Depending on where you live, that could be the mortgage
• 44:13
  Speaker 4: right there.
• 44:14
  Speaker 2: And not to mention you're not in control of it.
• 44:16
  Speaker 4: It goes up. Everywhere it goes up.
• 44:19
  Speaker 7: It goes up, and then you you know, And then
• 44:21
  Speaker 7: let's also think about the legacy play. We're all here too,
• 44:25
  Speaker 7: we all have children, well, yes, you do have sunset,
• 44:28
  Speaker 7: so we all want to leave things to our children.
• 44:30
  Speaker 7: And it's like, okay, if they get tired of the
• 44:32
  Speaker 7: property oftentimes we lose all of the things that we
• 44:35
  Speaker 7: work so hard in the next generation, you know. But
• 44:38
  Speaker 7: in this particular scenario, you leave this to your child
• 44:40
  Speaker 7: and the trust, they're going to keep it forever with
• 44:42
  Speaker 7: no property tax.
• 44:43
  Speaker 2: There's no property taxes.
• 44:45
  Speaker 6: So he correct me if I'm wrong, but I was reading.
• 44:47
  Speaker 6: So he said, no property tax, no capital gains tax.
• 44:50
  Speaker 6: And you brought up Google for made me think there's
• 44:53
  Speaker 6: no corporate tax.
• 44:54
  Speaker 2: There's no corporate tax.
• 44:55
  Speaker 5: I was reading that that might be something that they
• 44:57
  Speaker 5: look at change.
• 44:57
  Speaker 2: That is something that they are open to changing.
• 45:00
  Speaker 7: So within like twenty twenty four to twenty five ish,
• 45:03
  Speaker 7: which you know, they may have a corporate tax.
• 45:05
  Speaker 2: I mean, they're like listen now, y'all over here, make
• 45:07
  Speaker 2: it too uys.
• 45:08
  Speaker 6: So I think, if I'm a corporate person these enterprises
• 45:12
  Speaker 6: and I come to Dubai, yes, I'm not paying corporate tax,
• 45:14
  Speaker 6: even for that tax two years, and even when the
• 45:17
  Speaker 6: proposal right now is saying about nine percent yes, as
• 45:20
  Speaker 6: opposed to the United States which is twenty one Yes, yes, it.
• 45:24
  Speaker 2: Makes a huge cost saving.
• 45:25
  Speaker 7: So even if it's nine percent, you're still saving money
• 45:28
  Speaker 7: and you're living in a place that's safe and you.
• 45:30
  Speaker 2: Have all this labor that is a lower expense.
• 45:33
  Speaker 7: You know, it just makes sense on so many different
• 45:35
  Speaker 7: levels to at least think about it and have the
• 45:38
  Speaker 7: conversation about why am I not investing or conducting business
• 45:41
  Speaker 7: in this region.
• 45:42
  Speaker 2: Another thing I want to also point out.
• 45:44
  Speaker 7: You mentioned oversaturation and seeing all these projects and it's like, okay, well,
• 45:48
  Speaker 7: what are people actually doing with this real estate?
• 45:50
  Speaker 2: You can go to Dubai.
• 45:51
  Speaker 7: You might see buildings that may not seem like there
• 45:53
  Speaker 7: are a lot of people in them, and there's a
• 45:55
  Speaker 7: reason why. It's because people come to Dubai and they
• 45:58
  Speaker 7: don't just purchase one unit. They purchased an entire floor.
• 46:02
  Speaker 2: So you may see a floor in the building that
• 46:06
  Speaker 2: looks vacant, but the reason.
• 46:07
  Speaker 7: That it is is because it's just something they're either
• 46:09
  Speaker 7: sitting on somewhere that they're parking their money, you know,
• 46:12
  Speaker 7: or a legacy play where they just bought it for
• 46:14
  Speaker 7: them kids. They bought the floor for them their kids.
• 46:17
  Speaker 4: So let me ask you this, Dubai is part of
• 46:22
  Speaker 4: the UA United Arab Emirates, but there's other emirates. Another
• 46:28
  Speaker 4: emirate down the road is Abu Dhabi. That's where we met.
• 46:32
  Speaker 4: So the Abu Dhabi play is interesting because from my
• 46:36
  Speaker 4: understanding and correct me if I'm wrong, Dubai became so
• 46:40
  Speaker 4: popular because they had the visions for the tourism. Abu
• 46:43
  Speaker 4: Dhabi is the real finance capital. Abu Dhabi is the
• 46:46
  Speaker 4: real money. Yes, that's they have way more wealth in
• 46:49
  Speaker 4: Abu Dhabi than they have in Dubai. And they are
• 46:53
  Speaker 4: obviously you know, connected, but there's some level of competition
• 46:56
  Speaker 4: as well. Oh yes, and Abu Dhabi is trying to
• 47:01
  Speaker 4: catch up to Dubai as far as on the infrastructure
• 47:03
  Speaker 4: tourism side. Yes, So do you do work in Abu
• 47:07
  Speaker 4: Dhabi and what are opportunities for Abu Dhabi because.
• 47:11
  Speaker 7: It's only an hour away, It's only an hour away,
• 47:13
  Speaker 7: so driving out, driving an hour away.
• 47:15
  Speaker 2: Yeah, So I really love Abu Dhabi.
• 47:17
  Speaker 7: I look at them as I look at Dubai almost
• 47:19
  Speaker 7: as like the black Sheep of the the UAE.
• 47:23
  Speaker 2: It's one of those places where you can go and
• 47:26
  Speaker 2: you can have, like you.
• 47:27
  Speaker 7: Said, any part of the world at your fingertips, any
• 47:29
  Speaker 7: experience that you want, you can have in Dubai. When
• 47:32
  Speaker 7: it comes to Abu Dhabi, it is very much more conservative,
• 47:36
  Speaker 7: you know. So the lifestyleships. It's like as soon as
• 47:38
  Speaker 7: you drive into Abu Dhabi, it's almost like you feel
• 47:42
  Speaker 7: at peace.
• 47:42
  Speaker 2: You're like, where are the birds? Like where I need?
• 47:44
  Speaker 7: Sounds like it's too perfect, what is going on? So
• 47:47
  Speaker 7: it's really kind of about the vibe that you're going for.
• 47:49
  Speaker 7: Like I go to Abu Dhabi for relaxation. I go
• 47:52
  Speaker 7: there because I want to make some hoigh net worth connections,
• 47:55
  Speaker 7: you know. But I don't see Abu Dhabi being as
• 47:58
  Speaker 7: tourists friendly if you will as Dubai anytime soon, because
• 48:02
  Speaker 7: they still want to keep some of their culture alive.
• 48:05
  Speaker 7: I think when you start to just allow too much
• 48:07
  Speaker 7: to happen, it can kind of overthrow your overarching goal
• 48:11
  Speaker 7: of life, which I really do love because we all
• 48:14
  Speaker 7: need those pockets to be able to be compressed and
• 48:16
  Speaker 7: go back to, you know. And so, but they are
• 48:19
  Speaker 7: doing a lot of development. They are much more wealthy
• 48:22
  Speaker 7: than Dubai because they are all focused. Dubai is not
• 48:26
  Speaker 7: oil focused. They are tourism focused and supply chain focused.
• 48:30
  Speaker 7: So that is also a misconception about Dubaia's like they
• 48:33
  Speaker 7: had this oil money. No, they have tourism money. And
• 48:35
  Speaker 7: so that's why They're constantly building, constantly developing, and so
• 48:38
  Speaker 7: the reason I love living there is because I'm a resident,
• 48:40
  Speaker 7: but I get to take advantage of living in a
• 48:42
  Speaker 7: tourism focused city.
• 48:44
  Speaker 6: When we were driving around, I kept seeing the same
• 48:46
  Speaker 6: name on these buildings, hopefully Emaar.
• 48:48
  Speaker 5: And Demac Yeo, the MAC was everywhere everywhere, So i'mying.
• 48:52
  Speaker 6: Can you expect who that is? I mean, I feel
• 48:56
  Speaker 6: like they own every building. Yeah, told us about what
• 48:59
  Speaker 6: the MAC is.
• 49:00
  Speaker 5: Yeah, how they came to have all these properties in Dubai.
• 49:03
  Speaker 7: Yeah, so Emar is a local owned company by Emirates,
• 49:07
  Speaker 7: but they're also the MAC is actually a privately owned company,
• 49:10
  Speaker 7: so they're kind of competitors.
• 49:11
  Speaker 2: You know.
• 49:12
  Speaker 7: But they're pretty flamboyant when it comes to their advertising
• 49:15
  Speaker 7: and their marketing. I respect it, though, I'm like, look
• 49:18
  Speaker 7: Williams and codext y'all, you know that's the next go No.
• 49:21
  Speaker 7: But they are basically just really project focused, so they're
• 49:25
  Speaker 7: always developing and creating new projects. I think that they
• 49:28
  Speaker 7: were just first to adapt and help to bring that
• 49:30
  Speaker 7: master plan to the city. I have to send you
• 49:33
  Speaker 7: all this master plan offline. The King's vision is just insane.
• 49:37
  Speaker 7: We already have flying deliveries. You can actually order on
• 49:39
  Speaker 7: Uber a helicopter to come pick you up. So our
• 49:43
  Speaker 7: Uber app has an helicopter as an option. If you
• 49:47
  Speaker 7: stay at the Merge ol Arap and you have a
• 49:49
  Speaker 7: penthouse suite, they fly you to the hotel.
• 49:53
  Speaker 2: So it's a lot of different things that are happening
• 49:55
  Speaker 2: in this market that are so hunique.
• 49:57
  Speaker 4: I mean when we was out there, we were, we was.
• 50:00
  Speaker 4: We was in Abu Dhabi for most of the time,
• 50:02
  Speaker 4: but it was during f one week, so yeah, like
• 50:07
  Speaker 4: everybody was. It was all pop up. Our guy Don
• 50:11
  Speaker 4: Pu did a brooking chop house pop up and then
• 50:16
  Speaker 4: our guys from tape they took over. They had tape
• 50:18
  Speaker 4: pop up with tape of a big club in London.
• 50:21
  Speaker 4: They took over the night club.
• 50:22
  Speaker 5: So it was it was a pop was out there,
• 50:27
  Speaker 5: you got a show. Kendrick Lamar was out there.
• 50:29
  Speaker 4: Yeah, everybody was out there. But the thing, the one
• 50:31
  Speaker 4: thing is that the the government. I want to talk
• 50:36
  Speaker 4: about that because like he was introducing us to a
• 50:39
  Speaker 4: variety of different people like the Minister of Event Tourism
• 50:44
  Speaker 4: minister that is, the Minister of that and you know
• 50:47
  Speaker 4: how important is it to make inroads with government officials.
• 50:51
  Speaker 2: That's the only way anything moves. So if you that's
• 50:54
  Speaker 2: one of the biggest things.
• 50:55
  Speaker 7: So because it's such an area that has so much wealth,
• 50:58
  Speaker 7: obviously have frosters to go where there's well if there's
• 51:01
  Speaker 7: gonna be people that are not who they say they are.
• 51:03
  Speaker 7: So it's very important to have the right relationships in
• 51:07
  Speaker 7: government because culturally they move on their own time, you know,
• 51:12
  Speaker 7: whereas in the US it's like, okay, they have deadlines
• 51:14
  Speaker 7: on you can go online and say it's gonna be
• 51:16
  Speaker 7: due by this date, pushed by this date. It's very ambiguity,
• 51:20
  Speaker 7: you know, a lot of ambiguity when it comes to
• 51:22
  Speaker 7: Dubai because it's all relationship focused. So if I come
• 51:25
  Speaker 7: to you and I'm like, okay, i'll complete my application whatever, whatever,
• 51:28
  Speaker 7: if you have a relationship with the person behind me,
• 51:30
  Speaker 7: you're gonna service their application before mine, even though it
• 51:32
  Speaker 7: submitted first.
• 51:33
  Speaker 2: So it's very heavily relationship focused.
• 51:36
  Speaker 7: And I've made some really really cool, cool connections that
• 51:40
  Speaker 7: I can't talk about on a podcast, but I will
• 51:44
  Speaker 7: say that they are very open to doing business where
• 51:48
  Speaker 7: it can be a bit intimidating because they're very straight faced.
• 51:51
  Speaker 2: They're very serious.
• 51:52
  Speaker 7: So I'm still learning a lot about that and also
• 51:54
  Speaker 7: how to greet them, how to conduct business, what to say,
• 51:57
  Speaker 7: what not to say. That's another thing. Don't come over
• 51:59
  Speaker 7: thinking that you can just have a conversation as if
• 52:01
  Speaker 7: they're American, because it's not.
• 52:03
  Speaker 2: There are a lot of rules that you have to
• 52:04
  Speaker 2: be aware of and respect when it comes to doing business.
• 52:07
  Speaker 4: Like what what's the rules?
• 52:09
  Speaker 2: So I'm a hugger, I'm from the South. I'm a
• 52:11
  Speaker 2: country girl, y'all know me. I love people.
• 52:13
  Speaker 7: So if I see you and we have good energy
• 52:15
  Speaker 7: and we vibe well, or I might stick my hand out,
• 52:18
  Speaker 7: But there are certain things that you you should never touch,
• 52:20
  Speaker 7: you know, without their permission. So let them stick their
• 52:24
  Speaker 7: hand out to shake your hand, or you know, don't
• 52:26
  Speaker 7: touch them, don't hug them, you know what I'm saying,
• 52:28
  Speaker 7: or let them speak first, or it's just different little
• 52:31
  Speaker 7: subtleties that I'm learning. I still don't have it all
• 52:33
  Speaker 7: the way down packs but respect overall, So whatever is respectful,
• 52:38
  Speaker 7: leaning to that.
• 52:39
  Speaker 2: So that's the best advice I can give.
• 52:41
  Speaker 5: Leaning to respect like that, lean into it. Well.
• 52:45
  Speaker 4: So what's the average price for Like if I want
• 52:47
  Speaker 4: to get an art, I want to get a place
• 52:49
  Speaker 4: in Dubai, Right, Yeah, what's a budget range where I
• 52:52
  Speaker 4: can get something that's give me all right, give me decent,
• 52:56
  Speaker 4: give me like nice, give me like really really nice.
• 53:00
  Speaker 5: Got you?
• 53:00
  Speaker 7: So I would say on the low end we can start,
• 53:02
  Speaker 7: and just to put it into US dollars, we would
• 53:04
  Speaker 7: say around three hundred thousand US dollars for a condom
• 53:06
  Speaker 7: for a condo.
• 53:07
  Speaker 2: One bedroom.
• 53:08
  Speaker 7: So what people also need to realize too is that
• 53:11
  Speaker 7: the space is going to be totally different. So whereas
• 53:14
  Speaker 7: in the US we were looking for all this space
• 53:16
  Speaker 7: and closet space and this and that, they're very minimalist.
• 53:19
  Speaker 7: So it's like you're gonna buy an apartment or condo
• 53:22
  Speaker 7: as we would call it, for the same price as
• 53:24
  Speaker 7: you would a very nice home here in Atlanta, but
• 53:27
  Speaker 7: you're not really thinking about it from buying it based
• 53:30
  Speaker 7: on the size.
• 53:31
  Speaker 2: You're buying into the money. You know, it's a money play.
• 53:34
  Speaker 2: It's not a size.
• 53:35
  Speaker 4: So it's like New York.
• 53:36
  Speaker 2: It's like New York.
• 53:36
  Speaker 4: So three hundred thousand will get you what.
• 53:40
  Speaker 2: Eight hundred square feet?
• 53:41
  Speaker 4: That's like New York. Yea, well, that's that's cheaper than
• 53:43
  Speaker 4: New York.
• 53:44
  Speaker 2: Yeah, it's still cheaper than New York.
• 53:47
  Speaker 6: They had the rental incomes for I think three thousand
• 53:50
  Speaker 6: squaret or something like that squift foot by city. I
• 53:53
  Speaker 6: think on average downtown you buy average rent, let's say
• 53:58
  Speaker 6: three thousand dollars. Yeah, it's still.
• 54:02
  Speaker 7: Very much more affordable than a lot of the different
• 54:04
  Speaker 7: places and also the other countries around.
• 54:06
  Speaker 2: So Dubai competes with other countries.
• 54:08
  Speaker 7: You know, we're in the United States, so we're looking
• 54:10
  Speaker 7: like kind of city to city, so it's like comparatively
• 54:12
  Speaker 7: to the UK or whatever you might get in China
• 54:15
  Speaker 7: or et cetera. So they're always kind of charting on
• 54:17
  Speaker 7: that path to make sure we're still less expensive but
• 54:20
  Speaker 7: more square footage than our surrounding country. On the middle end,
• 54:25
  Speaker 7: it kind of jumps to between five to like a million.
• 54:29
  Speaker 7: As far as your middle grade, where you can still
• 54:31
  Speaker 7: be downtown, you can still get a view of the birds,
• 54:33
  Speaker 7: you can still get that would still be one to
• 54:37
  Speaker 7: two bedrooms. That's just it's a better vibe. That's just
• 54:40
  Speaker 7: a better area. You're paying for more solocations to be
• 54:42
  Speaker 7: on the first floor.
• 54:43
  Speaker 4: You're on the.
• 54:43
  Speaker 7: Correct yes, absolutely, And then when it comes to over
• 54:47
  Speaker 7: a million plus and you're looking at like five million
• 54:50
  Speaker 7: and all of that you're going to be in villains,
• 54:52
  Speaker 7: so you're not really looking at villains.
• 54:53
  Speaker 2: Under three million US your single family home and.
• 54:58
  Speaker 5: That's that's down that's on the I scutched downtown.
• 55:00
  Speaker 7: That's pretty much anywhere anyway, because it's not a villa
• 55:03
  Speaker 7: focused area. Everything is built up, as y'all saw, is
• 55:06
  Speaker 7: like so many buildings, so everyone thereby his apartments. That's
• 55:10
  Speaker 7: more of what the framework is architecturally. You're gonna get
• 55:13
  Speaker 7: an apartment over a villa. If you're buying a villa.
• 55:15
  Speaker 7: That's not necessarily an investment play. That's more like I
• 55:18
  Speaker 7: want to live here.
• 55:19
  Speaker 2: I'm settled. This is my primary residence or secondary home
• 55:22
  Speaker 2: for some people.
• 55:22
  Speaker 4: But how was that appreciation?
• 55:24
  Speaker 2: It's amazing.
• 55:25
  Speaker 7: I mean, so, for example, the project that I just sold,
• 55:27
  Speaker 7: I mentioned I sold two units this week, right, they
• 55:30
  Speaker 7: put down their down payment. I got a text message
• 55:32
  Speaker 7: from my rep and she's like, we're increasing the prices
• 55:35
  Speaker 7: by ten percent next week.
• 55:36
  Speaker 5: Yeah, I looked it up. Looked it up for so
• 55:40
  Speaker 5: the average for turn is eight eight percent.
• 55:43
  Speaker 6: Yeah, and then rental yields, yes, can you talk about
• 55:46
  Speaker 6: that a little bit because Dubai also ranks number one,
• 55:50
  Speaker 6: and they compared it to city.
• 55:51
  Speaker 5: So I know you said countries, but eight percent gross
• 55:54
  Speaker 5: rental yield.
• 55:55
  Speaker 6: Number two is London at three percent and number three
• 55:59
  Speaker 6: is Paris at two point seventy five percent. So talk
• 56:02
  Speaker 6: about rental yelds right, because a lot of people can
• 56:04
  Speaker 6: get that confused. Rate of return O return on investment
• 56:08
  Speaker 6: versus rental years is the difference between those two.
• 56:11
  Speaker 7: But definitely, I think that Dubaia is one of those
• 56:13
  Speaker 7: places that is constantly growing, developing.
• 56:16
  Speaker 2: Everything is on an upward swing.
• 56:18
  Speaker 7: And the beautiful part about what I'm focused on right
• 56:21
  Speaker 7: now being in the off plan market is that you're
• 56:22
  Speaker 7: going to buy something and it will never be as
• 56:24
  Speaker 7: low as it is right now. So that's why it's
• 56:26
  Speaker 7: a huge strategy. I think that buying off plan for
• 56:28
  Speaker 7: people that are foreign investors is the best.
• 56:30
  Speaker 2: Thing to do right now.
• 56:31
  Speaker 4: So who's Dubaia's competition because I know Saudi Arabia is
• 56:34
  Speaker 4: making a strong push into everything at Dobai is kind
• 56:38
  Speaker 4: of doing. Yes, that's what they've been told. Like they
• 56:42
  Speaker 4: set back and they watched what Dubai did, and now
• 56:45
  Speaker 4: they're positioning themselves to be bigger. Yes, they obviously nobody
• 56:50
  Speaker 4: has more money. They don't.
• 56:51
  Speaker 7: They have more money than everyone, so they're just like,
• 56:54
  Speaker 7: we'll just throw money at it. So Saudi has some
• 56:57
  Speaker 7: really incredible projects that are coming up, such as Neome,
• 57:01
  Speaker 7: which is the Line city. So that city is going
• 57:03
  Speaker 7: to be all encompassing. You never actually have to leave
• 57:05
  Speaker 7: the city. They have all kinds of things flying around
• 57:08
  Speaker 7: in that city. You don't even need your own vehicle.
• 57:10
  Speaker 7: It's really really crazy. They also have the Turtle City.
• 57:14
  Speaker 7: I forget the actual name of it, but it's like
• 57:15
  Speaker 7: the palm, but it's shaped like a turtle, but it's
• 57:18
  Speaker 7: bigger than the palm and it has more development. They
• 57:21
  Speaker 7: also have the water it's the middle of the water.
• 57:23
  Speaker 7: It is insane what they're doing. Saudi is not playing.
• 57:27
  Speaker 2: But what I feel the difference is they're going to
• 57:30
  Speaker 2: have a hard time retraining our.
• 57:32
  Speaker 7: Minds to feel safe there, to feel not safe from
• 57:35
  Speaker 7: a oh i'm going to get hurt perspective, but to
• 57:37
  Speaker 7: be myself. You know, with all the different communities that
• 57:40
  Speaker 7: we have that are developed, people don't feel comfortable partying or.
• 57:43
  Speaker 4: Wearing certain I think that that's why they're doing such
• 57:45
  Speaker 4: a strong push with culture. So like Swiss, he's becoming
• 57:49
  Speaker 4: like the ambassador for Saudi, that's why. And then like
• 57:51
  Speaker 4: they have a music festival that DJ Calicc have future,
• 57:55
  Speaker 4: they have fat joke and they can write the check.
• 57:57
  Speaker 4: So I think that that's a way to excel rate.
• 58:00
  Speaker 4: People have short memories.
• 58:01
  Speaker 5: Yeah, yeah, and it's like.
• 58:03
  Speaker 4: Once you start to have enough of those cultural type
• 58:06
  Speaker 4: of vibes, you're gonna forget everything.
• 58:09
  Speaker 5: Yeah, you're gonna follow the culture there.
• 58:10
  Speaker 7: You're gonna follow the culture there. And then especially when
• 58:12
  Speaker 7: they see something dangly and shining, all you have to
• 58:14
  Speaker 7: do is get a few Instagram influencers to show a
• 58:17
  Speaker 7: really dope resort and they have one that I'm actually
• 58:20
  Speaker 7: that's pinned in my my saved folder for travel in Saudi,
• 58:24
  Speaker 7: where you're in the desert but it's like caves and
• 58:27
  Speaker 7: everything around you.
• 58:28
  Speaker 2: It's so gorgeous, you know.
• 58:30
  Speaker 7: So they're doing a great job on their marketing push
• 58:32
  Speaker 7: to say it now, it's just about okay, relaxing some
• 58:34
  Speaker 7: of the alcohol alls and being able to be more
• 58:38
  Speaker 7: affectionate in public and different things like that.
• 58:40
  Speaker 2: So it's just retraining our minds.
• 58:41
  Speaker 5: And like you said, people have short they're.
• 58:42
  Speaker 6: The process of building the toldest landstructure in the world
• 58:46
  Speaker 6: as well. So they saw the birds clief and they said,
• 58:48
  Speaker 6: let's go higher than that.
• 58:49
  Speaker 2: But now Dubai has another structure hiding.
• 58:51
  Speaker 5: And then they came back. It's sad we saw your plans. Yeah,
• 58:55
  Speaker 5: let's still one bigger than that.
• 58:57
  Speaker 2: Bigger than that.
• 58:58
  Speaker 5: So I love it.
• 58:59
  Speaker 2: I mean it's such an I love competition.
• 59:02
  Speaker 7: I'm an athlete at heart, you know, I'm rre in
• 59:04
  Speaker 7: track all my life and so for me, I like
• 59:06
  Speaker 7: the competition because it's constantly forcing you to be better.
• 59:09
  Speaker 7: It's like, okay, you can do this all right, now,
• 59:11
  Speaker 7: how can I stretch you to be better? So I
• 59:14
  Speaker 7: enjoy watching them.
• 59:15
  Speaker 5: Yeah.
• 59:16
  Speaker 6: So when you think about yourself, now you're establishing your
• 59:20
  Speaker 6: footprints in Dubai and your trailblazing, but it's international, and
• 59:25
  Speaker 6: so are there markets inside of the UAE or maybe
• 59:28
  Speaker 6: somewhere else that you have your eyes on in that
• 59:31
  Speaker 6: ten to fifteen year vision play oh shorter than that.
• 59:35
  Speaker 2: Yes, So I would say South Africa would be one
• 59:39
  Speaker 2: of the areas.
• 59:40
  Speaker 7: Between South Africa and Ghana. I think that those two
• 59:43
  Speaker 7: areas really catch my attention quite a bit.
• 59:46
  Speaker 2: So what we're doing what we're talking about.
• 59:47
  Speaker 5: We're going to go at the end of the year
• 59:49
  Speaker 5: to Actually I might.
• 59:50
  Speaker 2: Be there because I wanted to go there for New Year's.
• 59:53
  Speaker 4: Anyway, everybody's gonna be there, everybody. Yeah, So we're gonna
• 59:56
  Speaker 4: We're gonna do Market Mondays. We got to market Monday's
• 59:58
  Speaker 4: tourk Okay, that's the last stop on the tour. Yes, Ghana.
• 1:00:02
  Speaker 2: I have some connections I can put you with in Ghana.
• 1:00:05
  Speaker 4: I appreciate. Yeah, yeah, I mean it's about relations about relationships,
• 1:00:09
  Speaker 4: So let's.
• 1:00:10
  Speaker 7: Speak to that, right because we really think the US
• 1:00:12
  Speaker 7: is all that. But Dubai is the Middle East, the
• 1:00:14
  Speaker 7: middle of the world. I can literally get to Greece
• 1:00:16
  Speaker 7: in six hours. I can be in Egypt in three hours.
• 1:00:18
  Speaker 4: Well, when we went there, we was talking with I Forget.
• 1:00:22
  Speaker 4: He was a very high ranking official in the government
• 1:00:25
  Speaker 4: at Steve Harvey's gala, and we was talking and we
• 1:00:28
  Speaker 4: was having a conversation and he was saying that all
• 1:00:33
  Speaker 4: of the focuses on Asia and Africa, like that's that's
• 1:00:38
  Speaker 4: what growth is Asia and Africa.
• 1:00:41
  Speaker 5: Yes, like that, that's it, that's it.
• 1:00:46
  Speaker 2: Yeah, it's max.
• 1:00:48
  Speaker 4: Focus on that. Like so I feel like even in America.
• 1:00:50
  Speaker 4: I felt like, of course, America's our home, so we
• 1:00:53
  Speaker 4: always have we always have a bias towards America, but
• 1:00:57
  Speaker 4: especially black people. We've always you know, fought for freedoms
• 1:01:01
  Speaker 4: and and justice and different things that nature. And I
• 1:01:03
  Speaker 4: feel like, you know, there's nothing that stops you from
• 1:01:07
  Speaker 4: going different places, Like you know, you don't have to
• 1:01:11
  Speaker 4: be confined to just one part of the world, Like
• 1:01:14
  Speaker 4: you can do business in different places, you can live
• 1:01:16
  Speaker 4: in different places, you can invest in different places, whether
• 1:01:18
  Speaker 4: it's Africa, whether it's in the Middle East, whether it's
• 1:01:22
  Speaker 4: in the Caribbean, whatever. Like when you see that, you know,
• 1:01:27
  Speaker 4: opportunities are limited at one place, then you go to
• 1:01:30
  Speaker 4: another place. This is what people have done for America
• 1:01:32
  Speaker 4: for one hundred years. This is why so many immigrants
• 1:01:35
  Speaker 4: have come to America, right because they have. They had
• 1:01:38
  Speaker 4: oppression where they were at, they had obstacles, they had
• 1:01:41
  Speaker 4: limited opportunities where they came from. So they came to America,
• 1:01:45
  Speaker 4: established a new life for themselves and provided opportunities and
• 1:01:50
  Speaker 4: then actually even provided more opportunities back home. They sent
• 1:01:53
  Speaker 4: money back home, they sent up so it's like there's
• 1:01:57
  Speaker 4: no there's nothing we can do the same thing.
• 1:01:58
  Speaker 7: We can do the exact same thing. That's a powerful
• 1:02:01
  Speaker 7: point because we don't really flip it around. We always
• 1:02:03
  Speaker 7: get upset about, oh, how did they get grants and
• 1:02:05
  Speaker 7: they're not from here, or they didn't do this. But
• 1:02:07
  Speaker 7: now being on the other side of it, where I'm
• 1:02:09
  Speaker 7: entered into a foreign land, it's like, Wow, I see
• 1:02:12
  Speaker 7: it so much more differently because they woke up here,
• 1:02:14
  Speaker 7: they grew here. But I have so much more hustle
• 1:02:16
  Speaker 7: and so much more hunger to like, let me take
• 1:02:18
  Speaker 7: advantage of this market. Like I see it, I'm eager,
• 1:02:21
  Speaker 7: I'm anxious, and so that creates a sense of like, Okay,
• 1:02:25
  Speaker 7: I gotta do this. And then it's a sinker swim mentality.
• 1:02:27
  Speaker 7: I'm over there by myself, like I don't have another option.
• 1:02:31
  Speaker 7: I put this out there to the world. I cannot
• 1:02:33
  Speaker 7: feel I have to make this work. I have to
• 1:02:35
  Speaker 7: make it happen. So it's created a different energy behind everything.
• 1:02:39
  Speaker 5: That work the world.
• 1:02:42
  Speaker 6: Yeah, and when you when you're over there, right, it's
• 1:02:46
  Speaker 6: not like I can drive down the street to somebody
• 1:02:48
  Speaker 6: that no, you got to figure these things out. It's
• 1:02:50
  Speaker 6: a long way back from Savannah. Yeah, So we talked
• 1:02:53
  Speaker 6: about a lot of the benefits. What are some of
• 1:02:55
  Speaker 6: the reasons that people maybe shouldn't invest in Dubai? What
• 1:03:00
  Speaker 6: are some of the cons So some of the.
• 1:03:01
  Speaker 7: Cons would be so, as Rashad mentioned, we've been trained
• 1:03:05
  Speaker 7: to live in debt. If you're someone that is really
• 1:03:08
  Speaker 7: struggles with that and things of that nature, it's not
• 1:03:11
  Speaker 7: the place for you because you will go to.
• 1:03:13
  Speaker 2: Jail if you don't pay your bills. So you're not
• 1:03:15
  Speaker 2: signing these payments and they go to.
• 1:03:16
  Speaker 4: Jail if you if you smoking weed, yes, so you
• 1:03:21
  Speaker 4: have that. You heard it. They are they are laxing laws.
• 1:03:26
  Speaker 4: They said that they are trying to make it.
• 1:03:28
  Speaker 2: I don't know, I haven't heard that one.
• 1:03:29
  Speaker 4: But yeah, if you if you plan on using drugs
• 1:03:33
  Speaker 4: or selling drugs, yes, that's not the that's not the
• 1:03:36
  Speaker 4: part of the world.
• 1:03:37
  Speaker 7: That's not the place that you want to be because
• 1:03:39
  Speaker 7: you will be underground or in the district.
• 1:03:42
  Speaker 4: You don't wet. We met somebody with a personal experience.
• 1:03:45
  Speaker 4: Their friend so is we knew somebody. We met somebody
• 1:03:48
  Speaker 4: from New York. Their friend was in and he's serving
• 1:03:50
  Speaker 4: like thirty years in jail.
• 1:03:51
  Speaker 2: See, they don't it's not worth it.
• 1:03:54
  Speaker 5: They said it's jail on the other side of the sun.
• 1:03:56
  Speaker 2: That's it. So I really wanted to the sun.
• 1:04:01
  Speaker 4: Now when they told me about the other side of
• 1:04:03
  Speaker 4: the sun, I kept having about the other side of
• 1:04:04
  Speaker 4: the son. So I asked them, I'm like, well, what
• 1:04:08
  Speaker 4: does that mean, Like, what's on the other side of
• 1:04:10
  Speaker 4: the sun? It was like, well, have you ever seen
• 1:04:11
  Speaker 4: the other side of the sun? I said, no, it's
• 1:04:13
  Speaker 4: exactly that's whatever it means, you.
• 1:04:18
  Speaker 7: Know, And so that's that's definitely. That was another point
• 1:04:21
  Speaker 7: that I was going to make. Definitely, recreational use of drugs,
• 1:04:23
  Speaker 7: it's not going to be the place. And also if
• 1:04:25
  Speaker 7: you don't have an open mind, you have to think
• 1:04:27
  Speaker 7: there's over two hundred nationalities in Dubai, so you have
• 1:04:30
  Speaker 7: to be willing to work with different people and have
• 1:04:32
  Speaker 7: a level of patience that they may not say things
• 1:04:35
  Speaker 7: that you can quickly understand, you know, without being offensive
• 1:04:38
  Speaker 7: and just being open to culture. You don't want to
• 1:04:40
  Speaker 7: be a part of conservatives because a lot of Americans
• 1:04:42
  Speaker 7: we don't like to be told what to do. So
• 1:04:44
  Speaker 7: it's like we have a natural buck in us, like, no,
• 1:04:46
  Speaker 7: you're not going to tell me I can't hold hands.
• 1:04:47
  Speaker 7: You're not going to tell me I can't where it?
• 1:04:48
  Speaker 2: Did you get? So if you have yeah, yeah, actually
• 1:04:52
  Speaker 2: going to actually going to.
• 1:04:57
  Speaker 4: Okay, let's do what I said. It's that simple. Actually yeah.
• 1:05:02
  Speaker 2: So you know, those are just some of some of
• 1:05:04
  Speaker 2: those reasons.
• 1:05:05
  Speaker 7: And one thing that I will also say, if you
• 1:05:06
  Speaker 7: plan to conduct business in both the US and the UAE,
• 1:05:10
  Speaker 7: think about the fact that there is a huge times
• 1:05:12
  Speaker 7: of time zone difference. I'm literally a walking zombie most
• 1:05:16
  Speaker 7: days because I'm working for the US and then I'm
• 1:05:18
  Speaker 7: working Dubai, and so some days I don't get rest because.
• 1:05:22
  Speaker 2: I'm working two time zones.
• 1:05:23
  Speaker 7: Like obviously, there's gonna have to be an adjustment where
• 1:05:25
  Speaker 7: I choose, but for now, it's a hustle, you know,
• 1:05:29
  Speaker 7: And so I'm just like, make sure you take that
• 1:05:31
  Speaker 7: into consideration because you might want to talk to your
• 1:05:34
  Speaker 7: mom every day, but that's gonna change because when she
• 1:05:36
  Speaker 7: wakes up, you're going to sleep, and vice versa. So
• 1:05:39
  Speaker 7: relationships will start to become strained because it's difficult.
• 1:05:42
  Speaker 2: It's difficult.
• 1:05:45
  Speaker 4: Let me ask you this, how do you get how
• 1:05:47
  Speaker 4: are you getting clients yourself? Who are you who are
• 1:05:50
  Speaker 4: your clients and how are you how like you started
• 1:05:53
  Speaker 4: a business, right, but how did you be able to
• 1:05:56
  Speaker 4: grow that business? And how are you able to get
• 1:05:58
  Speaker 4: people into your funnel?
• 1:05:59
  Speaker 7: So so the biggest thing is, you know, I think
• 1:06:02
  Speaker 7: that you all only interview people who have proof of concept, right.
• 1:06:05
  Speaker 7: So that is something that I have developed over the
• 1:06:08
  Speaker 7: last eleven years. I've been in real estate since twenty twelve,
• 1:06:11
  Speaker 7: and so I've built up a brand that people know,
• 1:06:13
  Speaker 7: like and trust. And because I've already done business, now
• 1:06:16
  Speaker 7: all I'm doing is doing the same thing I've been doing,
• 1:06:18
  Speaker 7: getting on social media, showing projects, showing people like this
• 1:06:21
  Speaker 7: is what I'm now doing. I have created this community
• 1:06:24
  Speaker 7: and following of people that are like interested in me organically.
• 1:06:28
  Speaker 7: So what I've done my strategy is I'm like, okay,
• 1:06:31
  Speaker 7: be the first. Number one that's like vom eyeopener. Number
• 1:06:34
  Speaker 7: two is I'm bringing my audience to this region. So
• 1:06:37
  Speaker 7: my focus I didn't go into their market saying I'm
• 1:06:40
  Speaker 7: gonna work with immortis you work with I'm working with Americans.
• 1:06:43
  Speaker 7: I'm like, this is my market. It's wide open because
• 1:06:46
  Speaker 7: we don't know about it, but we have the money,
• 1:06:48
  Speaker 7: we just don't know where the opportunities are. So if
• 1:06:50
  Speaker 7: I spread the message about hey, here are the opportunities.
• 1:06:54
  Speaker 7: Americans are going to listen to me because now I
• 1:06:56
  Speaker 7: speak their language, I can break down a contract to.
• 1:06:58
  Speaker 2: You in a way that you understand. We've developed trust,
• 1:07:01
  Speaker 2: you know how, I know how to handle the culture.
• 1:07:03
  Speaker 2: I know what you expect. You would much rather work with.
• 1:07:05
  Speaker 7: Me than someone from Pakistan that can't explain the contract
• 1:07:07
  Speaker 7: to you in a way that you can understand why,
• 1:07:09
  Speaker 7: because you're gonna feel like it's a scam. So because
• 1:07:12
  Speaker 7: of that, I've positioned myself to be the authority figure
• 1:07:15
  Speaker 7: to say, hey, come listen. It's not that people haven't
• 1:07:19
  Speaker 7: wanted to invest for one hundred years, it's just that
• 1:07:21
  Speaker 7: they don't have anyone to trust.
• 1:07:23
  Speaker 5: You're a brand that they can trust and you're on
• 1:07:24
  Speaker 5: the ground.
• 1:07:25
  Speaker 2: Yes, and so I'm hosting events.
• 1:07:26
  Speaker 7: So I just hosted an event invest Dubya twenty twenty
• 1:07:29
  Speaker 7: three in March, doing it again in November. I had
• 1:07:32
  Speaker 7: about thirty people come the first time, from the Netherlands,
• 1:07:35
  Speaker 7: from the US, from Africa that came and attended my
• 1:07:37
  Speaker 7: first event. So what I'm doing is putting it out
• 1:07:41
  Speaker 7: there and people are naturally interested.
• 1:07:43
  Speaker 2: Because it's Dubai.
• 1:07:44
  Speaker 4: So what's that event? What's the event?
• 1:07:45
  Speaker 7: So Investor by twenty twenty three is an event that
• 1:07:48
  Speaker 7: is focused on investors who want to learn about purchase
• 1:07:51
  Speaker 7: in real estate in the Middle East. So they're gonna come.
• 1:07:54
  Speaker 7: We're gonna have a welcome dinner, a seminar where I
• 1:07:56
  Speaker 7: break down how to invest. They're gonna get access to
• 1:07:59
  Speaker 7: my development the partners. They're going to see touch and
• 1:08:01
  Speaker 7: field projects. So we're going to do a property tour
• 1:08:04
  Speaker 7: where you're actually walking it yourself. Because people always think
• 1:08:08
  Speaker 7: something is up, so I think it's important that you
• 1:08:10
  Speaker 7: show them like, no, really come like it's not a scam.
• 1:08:14
  Speaker 7: It's really happening and people are literally buying up this
• 1:08:17
  Speaker 7: city every single day, So I.
• 1:08:18
  Speaker 2: Want you to see it and then just sprinkling in
• 1:08:21
  Speaker 2: some fun. You know, it's a great place to be.
• 1:08:23
  Speaker 5: You have the dates for November.
• 1:08:24
  Speaker 2: November twenty ninth, three December.
• 1:08:26
  Speaker 4: Third by Embrace me like an mmorati.
• 1:08:29
  Speaker 6: Yeah, yeah, I mean I'm asking Jayson because this is true.
• 1:08:34
  Speaker 6: But there's a few I think the Galla might be
• 1:08:38
  Speaker 6: happening around It happen around.
• 1:08:40
  Speaker 5: The same time out there.
• 1:08:41
  Speaker 2: Then we got a definitely gotta pull up so that
• 1:08:45
  Speaker 2: event is going to be amazing.
• 1:08:47
  Speaker 7: So my visions can you expecting I'm expecting between fifty
• 1:08:50
  Speaker 7: to one hundred people.
• 1:08:52
  Speaker 2: I had ninety eight people on my wait list.
• 1:08:54
  Speaker 7: Like, I don't want to give it all away, but
• 1:08:57
  Speaker 7: it is going to be happening during the city's anniversary,
• 1:09:00
  Speaker 7: so it'll be their fifty second year anniversary. So it's
• 1:09:02
  Speaker 7: going to be a live city. The Burge is going
• 1:09:04
  Speaker 7: to be lit, you know lit, everyone's in town, it's
• 1:09:06
  Speaker 7: perfect weather.
• 1:09:07
  Speaker 2: It's so much to do. I can't wait, Like, I'm
• 1:09:10
  Speaker 2: putting my heart and soul into this event.
• 1:09:11
  Speaker 6: When you have you know, some of your clients come over,
• 1:09:16
  Speaker 6: do you speak to them about maybe dual citizenship? Yeah,
• 1:09:19
  Speaker 6: how that can be a betefit from a tax protector.
• 1:09:21
  Speaker 2: Absolutely, So it's not citizenship, it's residency.
• 1:09:24
  Speaker 5: Yeah.
• 1:09:25
  Speaker 7: So you get to actually get residency by a couple ways.
• 1:09:28
  Speaker 7: You can purchase it through opening a business, or you
• 1:09:30
  Speaker 7: can purchase it through real estate. So if you meet
• 1:09:33
  Speaker 7: the threshold of a two million dollar dollar Durham purchase,
• 1:09:36
  Speaker 7: which is equivalent to about five hundred thousand US, you
• 1:09:38
  Speaker 7: can actually get a Golden visa, which will allow you
• 1:09:41
  Speaker 7: to have residency for ten years. So you can pay
• 1:09:44
  Speaker 7: for it through a company or pay for it through
• 1:09:46
  Speaker 7: real estate to obtain residency in the city.
• 1:09:51
  Speaker 4: So all right, well, there you have it, ladies, and
• 1:09:56
  Speaker 4: very insightful conversation. How can people follow you? How can
• 1:10:01
  Speaker 4: they social media? All that type of stuff?
• 1:10:03
  Speaker 7: Definitely, so you can follow me at deniseabroker dot com
• 1:10:06
  Speaker 7: that is my website or all platforms on social at
• 1:10:09
  Speaker 7: Denis the Broker.
• 1:10:10
  Speaker 2: Cannot wait to connect with you guys.
• 1:10:12
  Speaker 7: If you're interested in investing in Dubai or have any
• 1:10:15
  Speaker 7: questions about the market, give me a call at nine
• 1:10:17
  Speaker 7: seven one five eight five eight three four four oh seven.
• 1:10:20
  Speaker 7: That is my international line. So WhatsApp is free and
• 1:10:22
  Speaker 7: y'all'd love to connect with you.
• 1:10:24
  Speaker 4: WhatsApp is the vibe.
• 1:10:25
  Speaker 2: WhatsApp is the vibe. Okay.
• 1:10:27
  Speaker 7: So before we wrap, I have just a small little
• 1:10:29
  Speaker 7: token of appreciation and gift behind your chairs, if you
• 1:10:32
  Speaker 7: could just like.
• 1:10:35
  Speaker 4: Oprah.
• 1:10:37
  Speaker 7: I have been called Oprah a few times here and there,
• 1:10:40
  Speaker 7: so I just wanted to say that I just appreciate
• 1:10:42
  Speaker 7: you guys, not just for this opportunity, but for what
• 1:10:44
  Speaker 7: you are doing for the culture and beyond, because it's
• 1:10:47
  Speaker 7: no longer just about the culture. You guys are international brand.
• 1:10:50
  Speaker 7: We're all world changers, and I appreciate what you all
• 1:10:53
  Speaker 7: are doing every single day, Like I know that it's
• 1:10:55
  Speaker 7: not easy. And ever since I've done this, I'll look
• 1:10:58
  Speaker 7: at y'all in such a different light because like, how
• 1:11:00
  Speaker 7: do they live his life every day? So I wanted
• 1:11:03
  Speaker 7: to just let you you to take over the world.
• 1:11:05
  Speaker 7: You're not a local brand. You are a global brand.
• 1:11:09
  Speaker 7: And this is just a globe to remember and remind
• 1:11:11
  Speaker 7: you that the world is yours. The biggest, the biggest,
• 1:11:13
  Speaker 7: the biggest, biggest, just got biggest is a fact I
• 1:11:20
  Speaker 7: wanted to travel size.
• 1:11:21
  Speaker 2: I'm like, I know, y'all go.
• 1:11:22
  Speaker 4: It is a dope.
• 1:11:23
  Speaker 5: This is fire.
• 1:11:25
  Speaker 2: You're so welcome.
• 1:11:26
  Speaker 5: Thank you so much, appreciated, appreciate it. Yes, the biggest.
• 1:11:31
  Speaker 4: I had to kind of keep that very important, very important. Well,
• 1:11:37
  Speaker 4: thank you. This has been a very enlightful conversation. Definitely
• 1:11:42
  Speaker 4: encourage everybody to travel, not just as any part of
• 1:11:45
  Speaker 4: the world. I think that traveling is something that expands
• 1:11:47
  Speaker 4: your mind, yes, and provides a lot of great value
• 1:11:51
  Speaker 4: to you and you know, get to see different cultures
• 1:11:54
  Speaker 4: and just get to experience different things. One of the
• 1:11:56
  Speaker 4: things that we've been blessed to do with lesure. We've
• 1:11:58
  Speaker 4: been able to travel a lot domestically and internationally. So
• 1:12:02
  Speaker 4: always been my favorite thing since I since I was
• 1:12:05
  Speaker 4: a kid. I love to travel. So it's encouraging what
• 1:12:09
  Speaker 4: you're doing. Continue to success and uh, yeah, we'll see
• 1:12:13
  Speaker 4: you at the at the Burgek Khalif of Yeah, to
• 1:12:15
  Speaker 4: have the niece the international broker in the building.
• 1:12:20
  Speaker 5: We got a change the name.
• 1:12:22
  Speaker 2: Yeah, that's a new trade bark, that's a new fact.
• 1:12:25
  Speaker 2: Have it.
• 1:12:26
  Speaker 4: Thank you guys for rocket with us. We'll see you
• 1:12:28
  Speaker 4: next week.
• 1:12:30
  Speaker 1: Is an illegal alien from Guatemala charged with raping a
• 1:12:34
  Speaker 1: child in Massachusetts. An MS thirteen gang member from Al
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  Speaker 1: Salvador accused of murdering a Texas man of Venezuelan charged
• 1:12:42
  Speaker 1: with filming and selling child pornography in Michigan. These are
• 1:12:46
  Speaker 1: just some of the heinous migrant criminals caught because of
• 1:12:50
  Speaker 1: President Donald J. Trump's leadership. I'm Christine Noman, the United
• 1:12:53
  Speaker 1: States Secretary of Homeland Security. Under President Trump, attempted illegal
• 1:12:58
  Speaker 1: border crossings are at the lowest levels ever recorded, and
• 1:13:02
  Speaker 1: over one hundred thousand illegal aliens have been arrested. If
• 1:13:05
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• 1:13:09
  Speaker 1: nearly one thousand dollars a day, imprisoned, and deported. You
• 1:13:13
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• 1:13:17
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• 1:13:20
  Speaker 1: return legally. Do what's right.
• 1:13:22
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• 1:13:23
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• 1:13:27
  Speaker 2: Will be protected.
• 1:13:28
  Speaker 3: Sponsored by the United States Department of Homeland Security,