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“Why Stay In America If They Take Half Your Money?” | Dubai’s Billion-Dollar Opportunities Explained · Earn Your Leisure

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Speaker 2: When I did the podcast with you all, I was
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Speaker 2: telling you probably the most impactful.
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Speaker 3: Interview I've done in my career, how he rolls out
0:52
Speaker 3: as real.
0:53
Speaker 2: He wrote, try talk about the tags, lest.
0:56
Speaker 1: About biance, but we talk in a language that is
1:00
Speaker 1: common to the people that's from the communities that we
1:02
Speaker 1: grew up on.
1:02
Speaker 2: You are are the bright spot, thank Dowership for Black Americans.
1:08
Speaker 1: This is the knowledge that actually matters.
1:11
Speaker 4: I'm close to you for the same.
1:13
Speaker 5: Isn't it a country issue.
1:16
Speaker 1: It's not an American issue, it's a world issue.
1:17
Speaker 4: We came to earn Lisa.
1:26
Speaker 2: All right, guys, welcome back, e y l We are
1:30
Speaker 2: international episode in Dubai u AE. Our good brother Daniel
1:36
Speaker 2: King shout out to him. Man, Yes, we did his
1:39
Speaker 2: conference from Toronto. You know, that's one of our major hubs.
1:43
Speaker 2: We get a lot of support in Toronto. And he
1:45
Speaker 2: actually moved out here and has been making his way
1:48
Speaker 2: meeting great people.
1:50
Speaker 4: And there was one.
1:51
Speaker 2: You know, we came out here for vacation and wedding
1:53
Speaker 2: and not necessarily the work. But when work calls, we're
1:57
Speaker 2: always up. But when Daniel asked us to do any thing,
2:00
Speaker 2: we have to say yes. Part of our obligation. Yeah,
2:05
Speaker 2: he said that we have to. You know, we've interviewed
2:07
Speaker 2: a variety of very important people in the world, you know,
2:11
Speaker 2: head of stage, vice presidents, some of the richest people
2:14
Speaker 2: of all time.
2:15
Speaker 4: But he said, we have.
2:17
Speaker 2: To interview one of his friends in Dubai who owns
2:21
Speaker 2: the largest water park, the largest water park in the world.
2:24
Speaker 4: Is that correct for now?
2:27
Speaker 2: For now doesn't make it bigger, Ahmed Ben.
2:35
Speaker 3: No, Okay, let's do let's let's do it. Got call
2:40
Speaker 3: on your hand.
2:41
Speaker 6: Okay, do it?
2:51
Speaker 2: I try, I try, so thank you for joining us.
2:54
Speaker 2: Appreciate it of course from being so good, it's so good.
2:58
Speaker 2: So all right, so walk us through the beginnings, right
3:01
Speaker 2: as far as how do you get to own a
3:04
Speaker 2: water park?
3:05
Speaker 4: You're a Mariti you're from Yes, you'm from Dubai. You're
3:08
Speaker 4: from Dubai. All right, well how old are you?
3:11
Speaker 6: Forty four?
3:12
Speaker 2: Okay, so the first question even before we get to
3:14
Speaker 2: the water park thing, right, let's let's talk about you.
3:15
Speaker 2: For people that our audience is mainly based in America,
3:18
Speaker 2: A lot of people, a lot of people have not
3:19
Speaker 2: been to the UA. It's interesting country. I think it's
3:21
Speaker 2: like ten percent of the people that's actually in the
3:24
Speaker 2: country are from the country, right, ninety percent come from
3:27
Speaker 2: outside the country.
3:28
Speaker 4: Yes, correct, yes, exactly so.
3:29
Speaker 2: But you've seen transformation happen in your life in real time, right,
3:32
Speaker 2: you're old enough, you're old enough start there. So when
3:36
Speaker 2: you when how how quickly has this turned the corner?
3:40
Speaker 2: And like for you to actually be experienced it, be
3:43
Speaker 2: experiencing it as a native, Like what is it like
3:46
Speaker 2: for you to actually see the country change right in
3:49
Speaker 2: front of your eyes?
3:50
Speaker 3: And it becomes so hard to understand anythink else but
3:55
Speaker 3: the speed and the service level and the safety we
3:57
Speaker 3: have the fact that we are walking on my cars
4:00
Speaker 3: are unlocked, where jewelry and watches and that where buy anything.
4:04
Speaker 3: That level of safety is a huge thing. It's interesting
4:09
Speaker 3: because people think because we bring a lot of experts
4:12
Speaker 3: in the town that we're just using them. No, think
4:14
Speaker 3: get paid very well, we just learned from the best.
4:18
Speaker 3: The city of Dubai is run as a business and
4:21
Speaker 3: the president Shiphammad is the best CEO. So we dedicate
4:24
Speaker 3: the job for a lot of very very powerful and
4:26
Speaker 3: smart people. So and the best about it again speed
4:30
Speaker 3: like if this will work for people, let's change the
4:33
Speaker 3: ale and make it happen.
4:34
Speaker 6: So that's the whole thing.
4:35
Speaker 3: And the time to have an idea, to decide and
4:38
Speaker 3: make it happen is pretty quick. They keep Now you're
4:41
Speaker 3: hearing Dubai right now, what we're in November. Now coming
4:44
Speaker 3: three months, you'll find new bridges that was done. So
4:47
Speaker 3: the speed of things are done here as much faster.
4:50
Speaker 3: We don't have like this dictatorship in a way works
4:54
Speaker 3: And again you're American, how much tax you pay initially
5:00
Speaker 3: in it in your state tax.
5:02
Speaker 4: We got federal tax, so much state tax?
5:04
Speaker 6: Yeah? How much do you pay tax? Sometimes? Isn't that stupid?
5:09
Speaker 4: Yeah?
5:09
Speaker 3: Of course, okay, you're paying half a few minutes. You're
5:12
Speaker 3: working six months of the year for free for what.
5:15
Speaker 3: No safety, no amazing education, no proper healthcare, and no lifestyle.
5:21
Speaker 6: Why are you doing that? You have to treat you
5:23
Speaker 6: can move when that moved, because that that's the topic.
5:26
Speaker 6: Give was like, why are you staying there?
5:28
Speaker 3: Why be somewhere you are tolerated when you can be celebrated.
5:32
Speaker 3: Why are you wasting so much energy being worried about
5:34
Speaker 3: all this nonsense that you cannot worry about anymore. Raise
5:38
Speaker 3: issues and you know tax is in safety and so on.
5:41
Speaker 3: So when you can just have the energy back in
5:42
Speaker 3: you and then they can just perform because the level
5:44
Speaker 3: of hustle you have it's phenomenal. Imagine that hustle but
5:48
Speaker 3: with no instructions. Imagine the level of growth you're gonna
5:51
Speaker 3: have in a much shorter span of time.
5:55
Speaker 1: These are these are valid points man, success, love, speed
5:57
Speaker 1: and what you're saying makes I means one hundredercent correct. Right.
6:01
Speaker 1: When you have clarity, it opens up vision to create
6:04
Speaker 1: and be more creative. We've seen that in our careers
6:07
Speaker 1: on a personal level and obviously on a business level.
6:09
Speaker 1: I'm wondering when you started this wasn't was It's a
6:13
Speaker 1: vision like I'm going to.
6:14
Speaker 5: Build park water parks in flavor parks.
6:17
Speaker 1: Like what was the original vision and how did it
6:19
Speaker 1: get to this point.
6:20
Speaker 3: It's a very funny question because like where we started
6:23
Speaker 3: and where we are at now is so opposite.
6:26
Speaker 6: Like because I had the slip desk.
6:28
Speaker 3: I can move and walk and I was just in
6:29
Speaker 3: bed for forty one days and all it could do
6:31
Speaker 3: is consume YouTube that time, that's almost forteen years ago,
6:35
Speaker 3: and the idea of aqua fun. I saw com video
6:38
Speaker 3: was like, oh that's awesome. And then I was in
6:41
Speaker 3: the beach and I heard people next to me like
6:42
Speaker 3: I wish there's something I'm my kiss to do. And
6:43
Speaker 3: then I was next day, I was in the yacht.
6:46
Speaker 3: I don't drink on a smoke. I don't like that
6:47
Speaker 3: things so much. I'm just sitting there being me dyslexic,
6:51
Speaker 3: very visual, so I imagine what if we have a
6:54
Speaker 3: slide from top to bottom. And then those three ideas
6:57
Speaker 3: came together and then okay, let me create this aqua fun.
7:00
Speaker 3: I started going in researching at the world and there
7:03
Speaker 3: was two companies who does this kind of thing in
7:06
Speaker 3: the world. I spoke to both of them, and both
7:08
Speaker 3: of them gave me so much shit because I was
7:10
Speaker 3: I was nobody. Basically I done this before. It's like, no,
7:14
Speaker 3: you gotta pay me this and this and this, and
7:16
Speaker 3: you're nobody, so what the hell? It's okay, cool. So
7:19
Speaker 3: I went to China. I spent a month there. I
7:22
Speaker 3: met forty one factories. I find their factories, I create
7:27
Speaker 3: my own brand, I go fund and the first thing
7:29
Speaker 3: that is, okay, I mean to be bigger than you.
7:31
Speaker 3: Did that, and then I think after six months, I
7:34
Speaker 3: got bankrupt. That was the first barakruptcy. And for the
7:39
Speaker 3: next four and a half years, I was in Dallas,
7:42
Speaker 3: almost two hundred and fIF debt, just debt, every mindy
7:46
Speaker 3: I'm making, paying staff, paying debts, betting suppliers and sort
7:50
Speaker 3: of paying that thing to myself. And then I think
7:53
Speaker 3: almost four and a half years, and that's when I
7:56
Speaker 3: going back to zero. And that's when I changed my team,
7:59
Speaker 3: changed my people, systems and so on and so on,
8:01
Speaker 3: as okay, let's go in now.
8:03
Speaker 5: And then I think.
8:05
Speaker 3: So the last thirteen years, I was backrup twice and
8:09
Speaker 3: twenty four times. My first view in business, six hundred
8:12
Speaker 3: and seventeen people told me no, this idea is not
8:14
Speaker 3: gonna work. I was basically every single day getting two
8:17
Speaker 3: people tell me no. Every single day. I opened the
8:20
Speaker 3: map of the UAE, I went to every single beach
8:22
Speaker 3: owner in the whole country as it is, no, no, no,
8:26
Speaker 3: And then eventually now I'm the biggest operator in the world.
8:28
Speaker 3: So the genius thing, it is one thing I just
8:30
Speaker 3: didn't quit. It's never quit, no matter how crazy it was.
8:34
Speaker 1: There's a couple of genius things you did in there.
8:36
Speaker 1: You saw who the competition was, you saw what they
8:40
Speaker 1: were using. You said, all right, let me go get
8:42
Speaker 1: what they're using and let me go destroy them.
8:45
Speaker 6: Yeah, I founded me each I dominated it.
8:47
Speaker 2: So basically, so what's the turning point as far as Okay,
8:51
Speaker 2: it's a very cost of extensive business as far as
8:53
Speaker 2: what you're running, so you have to get capped. If
8:55
Speaker 2: you were bankrupt and you had no money. You have
8:57
Speaker 2: to have at some point in time where you have
8:59
Speaker 2: to have a lot of money that comes in to
9:01
Speaker 2: actually get up and up and run it, right, so.
9:03
Speaker 4: Sales, you raised, you raised money.
9:05
Speaker 3: I said, I've never since there any single dollar h
9:09
Speaker 3: by me. So I made the money myself. I lost
9:12
Speaker 3: my mind myself, and then I focused on sales. Just
9:15
Speaker 3: keep doing sales, changing things social media and changing the
9:20
Speaker 3: way pretending present my businesses on social media because I
9:23
Speaker 3: understood and the end, I am in the business of
9:25
Speaker 3: creating happy memories. So basically the emotion I was sending
9:29
Speaker 3: an emotion, the emotion where people having fun. So I
9:32
Speaker 3: made sure I am involved in that. So I was
9:34
Speaker 3: ming from the wance stairs getting into the water park
9:38
Speaker 3: and then I will shoot you with my GoPro and
9:40
Speaker 3: my drone, and I will edit the pictures and we
9:42
Speaker 3: use myself and I will send them everything. So the first
9:44
Speaker 3: hand thousand followers because of me. I was in the
9:47
Speaker 3: beach every single day. Follow me, follow me, follow me,
9:49
Speaker 3: follow me. So it's very for me, very personally, very.
9:53
Speaker 6: In hand.
9:56
Speaker 2: Exercise, how many employees do you have now, seven hundred
9:59
Speaker 2: and eighty, seven hundred and eighty at the water.
10:01
Speaker 6: Park around the world.
10:02
Speaker 2: Yeah, you said around the world, around the world.
10:06
Speaker 4: How many water park do you have?
10:07
Speaker 6: Thirty four?
10:08
Speaker 2: Okay, So when you're when you're working right, what's the
10:12
Speaker 2: scalable amount? If you've never taken any outside of investments,
10:15
Speaker 2: you just literally just okay, do this water park, then
10:18
Speaker 2: the money then rolling over there, they're rolling over there,
10:20
Speaker 2: and then just keep it going from there.
10:22
Speaker 3: Basically, I was like, let's make one very good. And
10:25
Speaker 3: then because earlier on I went too big, too fast,
10:28
Speaker 3: so I think we had two one park, then two
10:30
Speaker 3: and then went to seventeen. And then when that time
10:33
Speaker 3: we lost so much quality control, branding was bad. Service
10:36
Speaker 3: was that everything was just bad. Let's go back to
10:38
Speaker 3: the beginnings. Do want to make it right? Systems usps
10:44
Speaker 3: every step of the business have to betritten down and
10:46
Speaker 3: then hire the right people. Empowering because the issue is
10:50
Speaker 3: like this whole founder syndrome is like I'm the found
10:52
Speaker 3: that I can do the best. Yes you are, but
10:54
Speaker 3: we never scared so given letting away my ego out
10:57
Speaker 3: of the way is okay, I'm gonna give this person
11:00
Speaker 3: the authority and the power to do this and give them,
11:03
Speaker 3: you know, part of this, and then see what they do.
11:06
Speaker 3: They wouldn't do a nd percent job, but they might
11:07
Speaker 3: do sixty percent job. But then I can be somewhere else.
11:10
Speaker 1: Now you this is It's pretty imacurate because you think
11:16
Speaker 1: water park, but on the service, this is an engineering
11:19
Speaker 1: and this is a design build that you're doing. Did
11:23
Speaker 1: you have a background or that or did you build
11:25
Speaker 1: a tine? You did so, you designed? You have no idea,
11:28
Speaker 1: no idea.
11:29
Speaker 3: I learned how to design, how to ancur, how to clean,
11:32
Speaker 3: how to do even power supply connection, the seceship points.
11:37
Speaker 3: I learned diving. I learned social everything myself because his thing.
11:42
Speaker 3: Everyone have a smartphone, you have YouTube, have Google. There's
11:47
Speaker 3: new excuse. It's a totally for everything in the world.
11:50
Speaker 3: You're just lazy learn and now we have tragiputy. It's
11:56
Speaker 3: even much better. The tools are there. We a lot
12:00
Speaker 3: of people just lazy.
12:01
Speaker 6: It's content.
12:02
Speaker 3: They love the dream of saying, oh I want to
12:04
Speaker 3: be this cool, do the work.
12:06
Speaker 6: Do the work?
12:07
Speaker 5: Yeah, So YouTube TV.
12:09
Speaker 6: Yeah, you and Google. That's it everything.
12:11
Speaker 1: So that that means obviously we're big on that. A
12:14
Speaker 1: lot of people watch us on that. What are the
12:16
Speaker 1: mistakes that you make though, right, because if you're learning
12:19
Speaker 1: on your own, I'm not sure if there's any mentors
12:21
Speaker 1: in the picture at this point you're figuring things out.
12:23
Speaker 1: What are some of the mistakes that you're making early
12:25
Speaker 1: on thousands of mistakes. Talk about those.
12:28
Speaker 3: Oh, I am the king of comebacks. I love doing mistakes.
12:32
Speaker 3: It's the most fun thing ever because again you can
12:35
Speaker 3: read about it, you can go in class for it.
12:39
Speaker 3: But nothing beats failery. Nothing beats failerity because like I
12:43
Speaker 3: know what work work for my second because I did
12:46
Speaker 3: every single mistake possit you can you can do costly,
12:51
Speaker 3: very costly, like millions of dollars of mistakes. But that's
12:55
Speaker 3: the whole thing. Like, you know, the difference, like I
12:57
Speaker 3: just didn't stop. Otherwise I stop, it become the loss,
13:00
Speaker 3: So that l could be a loss or could be
13:01
Speaker 3: a listenpecially for me.
13:05
Speaker 2: So let's go back to the geopolitical aspect of it.
13:08
Speaker 2: Explain the difference with people that may not be familiar
13:10
Speaker 2: between the UAE and America, because yet the system of
13:15
Speaker 2: governance is different obviously from the You know, you have
13:18
Speaker 2: a democracy where somebody votes for a president, where you
13:20
Speaker 2: have a kingdom, right, and a lot of people in
13:23
Speaker 2: the Western world have been trained to think that that
13:26
Speaker 2: is not an efficient way to govern. You could have
13:30
Speaker 2: a counter argument to that and say, you know, how
13:33
Speaker 2: we look at democracy is not efficient. We just had
13:34
Speaker 2: a government shut down, So talk about the differences as
13:39
Speaker 2: far as government and how it's beneficial for entrepreneurs.
13:42
Speaker 6: Amazing question.
13:46
Speaker 3: Each section of the the city that said roads, it's
13:52
Speaker 3: is the end power supply. They run as enterprises, businesses
13:57
Speaker 3: and every year they have a competition governmental government and
14:02
Speaker 3: each year they are basically competing about who gets the
14:06
Speaker 3: best customer happiness survey competition and the people who lose
14:14
Speaker 3: they get a month noticed and they get fired.
14:17
Speaker 6: If you don't fix your stuff gains.
14:21
Speaker 3: For example, I think last month there was a power
14:25
Speaker 3: shortage in where my house are. The government said hey,
14:31
Speaker 3: they might be a shortage, so they got a generator
14:33
Speaker 3: outside the house to connect the houses in case we
14:36
Speaker 3: have a shortage.
14:37
Speaker 6: For example. That's like one more thing.
14:40
Speaker 3: You heard about the Golden visa, right, the god visa,
14:43
Speaker 3: you know as an investor visa. Now they've built an
14:47
Speaker 3: embassy for Golden visa holders. So if you have a
14:51
Speaker 3: Golden visa in Indubu, if you have any problem anywhere in
14:54
Speaker 3: the world, let's see you pass with a story and
14:56
Speaker 3: you got the issue we can give you. They give
14:58
Speaker 3: you a document you can try back to Dubai so
15:01
Speaker 3: you've been treated more better than your own country in
15:04
Speaker 3: a lot of senses.
15:07
Speaker 6: Again, like the only way.
15:10
Speaker 3: For you to explain the BIA is to come to
15:12
Speaker 3: Dubai because you think you're having good life. You think
15:16
Speaker 3: so much, it's not I look at dubaias like Miami,
15:19
Speaker 3: but cleaner and with no drugs and just better. That's
15:24
Speaker 3: a bed insception Like Miami, same style, same cars, same people,
15:28
Speaker 3: but like just cleaner or not drugs and just better
15:30
Speaker 3: lifestyle and safer.
15:32
Speaker 5: Safety is important.
15:33
Speaker 1: I think one of the things you leveraged and had
15:36
Speaker 1: vision in social media.
15:38
Speaker 5: Talk about having a vision early on, because.
15:41
Speaker 1: You're talking about fourteen years ago, so it's really at
15:42
Speaker 1: the start of Instagram and kind of shaping the narrative
15:47
Speaker 1: of yes, Dubai tourism, but more so Dubai family, right
15:52
Speaker 1: because that's where your sweet spot is. Talk about watching
15:55
Speaker 1: that evolution over the course of your expansion.
15:58
Speaker 3: For the business life business because because we're almost the
16:05
Speaker 3: same age, so there's a lot of guys like us
16:09
Speaker 3: who come from nothing. You know, you assess me obviously,
16:13
Speaker 3: all of us, so we didn't have the life that
16:18
Speaker 3: we have right now. So now when we have children
16:21
Speaker 3: right now, you provide you're over campass and overvide because
16:24
Speaker 3: you want them to have a hardship.
16:26
Speaker 6: So I realized that that made the.
16:28
Speaker 3: Kids also leading their shopping and spending powers, and I, okay,
16:34
Speaker 3: so why am I talking to them? We can just
16:36
Speaker 3: talk to them and they will post the kids and
16:38
Speaker 3: families and they get their father and mother, who have
16:40
Speaker 3: very good spending power now to spend with me. And
16:43
Speaker 3: that was the whole thing. So I made sure all
16:45
Speaker 3: the videos are read people having real fun. I think
16:48
Speaker 3: we got four point nine stars on Google with four
16:51
Speaker 3: thousand plus reviews. That only happens because you're good the
16:55
Speaker 3: way you do. That's it and that and what did
16:59
Speaker 3: with that was something something very very simple I always
17:03
Speaker 3: have to do when when when so okay, I saw
17:05
Speaker 3: my staff working with the customers and my life guards,
17:08
Speaker 3: and I saw them trying to do extragractic tips. It's okay,
17:11
Speaker 3: how about this, don't get tips? Okay, asked the customer
17:15
Speaker 3: to give a review for the water park and mentioning
17:17
Speaker 3: it right okay, And then every person who gets a
17:22
Speaker 3: review under the name, I'll give you an amount of
17:25
Speaker 3: dollars almost ten dollars, almost And by the end of
17:29
Speaker 3: the month first month, we've grew I think three hundred reviews.
17:33
Speaker 3: But my customers had great service, my staff got tips
17:38
Speaker 3: and they got more money, and my business look better.
17:41
Speaker 3: When when when such a simple thing, because again, if
17:45
Speaker 3: I'm going to buy a review, that costs much more
17:47
Speaker 3: money and would look like about So this is really.
17:52
Speaker 2: Talk about taxes. You mentioned that at the beginning, but
17:54
Speaker 2: really break that down. That's something that's been on social
17:56
Speaker 2: media lied. As far as there's no taxes in Dubai,
17:59
Speaker 2: is there no taxes? Is the taxes on a corporation? Like,
18:03
Speaker 2: explain that the.
18:04
Speaker 3: Actual So there's no income tax, person, no person tax,
18:10
Speaker 3: there is no property tax, there's no fret at tax.
18:15
Speaker 3: We have five percent viity by attacks on goods five percent,
18:19
Speaker 3: and there's a nine percent corporate tax that's on your
18:21
Speaker 3: profits of your annually. So us especially whereas you made
18:25
Speaker 3: a much revenue, how much of that, how much of
18:26
Speaker 3: that is your profit that is not percent? Listen, now,
18:31
Speaker 3: if we compare apples and apples, the fees you pay
18:35
Speaker 3: for certain government entities compared to what you get somewhere
18:38
Speaker 3: else is cheaper. How much do you pay for insurance?
18:41
Speaker 4: Health insurance? Insurance by two thousand a month a month.
18:44
Speaker 4: Look God, for one percent, me and my son, two people,
18:47
Speaker 4: two people.
18:48
Speaker 3: Okay, that's so in a year, that's how much twenty Okay,
18:52
Speaker 3: so for me, so three people, I remember as well,
18:55
Speaker 3: three people will cost me around seven hund dollars for
19:00
Speaker 3: the whole.
19:00
Speaker 4: Year, for a whole year year.
19:02
Speaker 6: But I would get private hospitals.
19:04
Speaker 3: I can walk to any place right now, get test,
19:07
Speaker 3: get a blood tests, get the X ray, get my
19:09
Speaker 3: medication over free private hostice. I don't have to wait
19:13
Speaker 3: a month or two months for a dent disappointment in
19:16
Speaker 3: the nonsense. That's this year, just walking again, same day.
19:22
Speaker 3: That's one simple thing, okay. So that's that's that's not
19:27
Speaker 3: the other things like the money you might you make
19:29
Speaker 3: stays with you.
19:31
Speaker 2: So okay, if you're not, if you're not getting tax
19:35
Speaker 2: revenue and you're getting free subsidies, how does that work?
19:39
Speaker 2: Because like, if you're the government taxes usually pays for services.
19:45
Speaker 4: Yes, right, supposed to the government, yes, supposedly.
19:47
Speaker 6: For sure, allegedly allegedly that's what they say.
19:54
Speaker 2: Have you seeing your roads and see my roads? No,
19:56
Speaker 2: That's why I'm asking. So if there's no revenue, roads
20:02
Speaker 2: there's no revenue coming in from taxes, and school is free.
20:09
Speaker 3: You said, we have two schools. They have private schools
20:13
Speaker 3: and government schools. Private schools you pay them, but if
20:15
Speaker 3: you compare them here in America is way cheaper.
20:18
Speaker 6: Here.
20:19
Speaker 3: Government schools is free obviously, but it's a different kind
20:22
Speaker 3: of education. How do we make the money because there's fees,
20:27
Speaker 3: there's service.
20:27
Speaker 2: Fees, service fees on goods, product services. But again it's
20:33
Speaker 2: a small country, so it's relatively regardless.
20:36
Speaker 3: But still it says the money managed properly. When they
20:42
Speaker 3: give you know, hey, we're doing this new bridge. This
20:45
Speaker 3: bridge is ready three for months, not two three years.
20:49
Speaker 3: In the SAMI, when we build the Metro in three years,
20:51
Speaker 3: Jeremy said, how are you doing three? This is possible
20:54
Speaker 3: nine years. It was done in three years. So that's
20:57
Speaker 3: the whole thing is the money is managed properly. There's
21:00
Speaker 3: no bullshit, there's none of that. Not since you have
21:02
Speaker 3: there is there. I mean, there's there's two sides of
21:06
Speaker 3: that coin. Right, Like we've watched when we talk about
21:09
Speaker 3: successful and speed, that also leaves the door for error. Right,
21:11
Speaker 3: We've watched recently other countries that had large scale projects
21:15
Speaker 3: that are now saying that we're not.
21:16
Speaker 5: Gonna be able to create, we'll leave those we'll leave
21:19
Speaker 5: their names out of it.
21:20
Speaker 1: Right, Is it too ambitious and does it leave you
21:25
Speaker 1: susceptible to make mistakes that potentially could be harmful because
21:28
Speaker 1: this is a place that relies on tourism and people
21:31
Speaker 1: coming to invest in and now live. Does that come
21:34
Speaker 1: into the thought process anytime when you're trying to expand.
21:36
Speaker 3: Okay, so Dubai don't have oil, no oil, no, not
21:41
Speaker 3: your guys. Dubai income is from tourism, important, export and trading.
21:47
Speaker 3: Just feel that there's no oil in this city, whatever
21:49
Speaker 3: or it comes from. Will that be the capital, but
21:51
Speaker 3: that mine is the community, that's different city, so they
21:54
Speaker 3: doesn't have that. Dubai is good in the tourism, the trading,
21:57
Speaker 3: important export, the free zones, all the stuff they're revelously stuff.
22:00
Speaker 3: And again we have the infrastructures. Remember a couple days, yes, okay,
22:05
Speaker 3: so you guys used to fight for tissues remember.
22:09
Speaker 5: Remember that time that there was the time.
22:11
Speaker 3: Yes, we used to have offers on tissues, offers by
22:16
Speaker 3: I think it fire free okay, hours for markets. It
22:20
Speaker 3: was not empty, it's nothing empty. It was never a
22:23
Speaker 3: sefe empty. Logistics were good here when they needed to
22:29
Speaker 3: build these hospitals for what they call them quarantine and stuff.
22:33
Speaker 6: They built.
22:33
Speaker 3: I think one of the hospitals had eight thousand beds,
22:36
Speaker 3: was done in forty eight hours.
22:38
Speaker 5: With forty eight hours.
22:40
Speaker 3: Yes, it was built with beds, all the machines, nurses
22:44
Speaker 3: and everything in forty hours. It took a big exhibition
22:47
Speaker 3: hall and sits to a hospital. So that's the whole thing.
22:52
Speaker 3: The management is different here. They have backup or backup
22:55
Speaker 3: for backup. That's the difference.
22:59
Speaker 4: You know, real estate, Oh yes, we talk about real estate.
23:04
Speaker 3: And Dubai powerful stuff, Dubai ui e regardless.
23:09
Speaker 6: Is just it's not gonna stop.
23:12
Speaker 3: It's just like you know, whatever is holding you back,
23:14
Speaker 3: stop it because you need to be part of it
23:17
Speaker 3: very quickly. Because it's not slow and down. Just just
23:19
Speaker 3: go just going up. It's just going up. Everything's going up.
23:24
Speaker 3: What's the percentage of growth now? Thirty every year you're
23:28
Speaker 3: on year thirty percent, forty percent, five percent. There you
23:32
Speaker 3: go yearly twenty five percent yearly. It's it's insane. Like
23:37
Speaker 3: I remember there was a villa. Our family member was
23:41
Speaker 3: rented it. I think four years ago for one hundred thousand.
23:44
Speaker 3: Now it's three hundred and fifty.
23:47
Speaker 2: How is this system here as far as there's no mortgages, right,
23:50
Speaker 2: there's mortgages here, mortgages like America.
23:53
Speaker 6: There's mortgages.
23:54
Speaker 3: But there's also payment terms because if you're buying the
23:56
Speaker 3: actually if you're buying an off plant, that's good time
23:59
Speaker 3: because now you have no interest, you can just pay
24:01
Speaker 3: directly with the developer. So they just pay payment terms
24:05
Speaker 3: until you receive that. Otherwise you can pay cash capital.
24:10
Speaker 3: There's multiple ways, but that's the best thing about So.
24:12
Speaker 2: We're from New York, right, So I don't know if
24:14
Speaker 2: you follow local geopolitical politics, but they got a new
24:19
Speaker 2: mayor who's been elected. You know that, you know about that.
24:21
Speaker 2: He's a socialist. The reason why he got elected is
24:24
Speaker 2: because the city has become so unaffordable because the top
24:28
Speaker 2: one percent but is doing extremely well, but the population
24:33
Speaker 2: barely surviving. So do you do you worry that a
24:39
Speaker 2: city like Dubai can reach that level of it's not
24:42
Speaker 2: sustainable after a certain point when every all the billionaires
24:45
Speaker 2: from all over the world come in, but people still
24:46
Speaker 2: need to work, right, so the workers are at the
24:49
Speaker 2: bottom level and then you have people that's worth one
24:52
Speaker 2: hundred billion dollars at the top level. That gap is
24:56
Speaker 2: so wide that it leads to, like you know, a
25:00
Speaker 2: not sustainable living situation.
25:04
Speaker 3: Dubai is like an onion, and there's so many layers
25:07
Speaker 3: and sometimes the layers on touch either. So yes, we
25:11
Speaker 3: have I think this year we had almost ninety thousand
25:15
Speaker 3: millionaires moved ready to buy, and I think twenty or
25:18
Speaker 3: seventeen billiers moved to Dubai.
25:19
Speaker 6: Already, so that space is already packed. Good, amazing. Now
25:25
Speaker 6: nobody in the middle and law.
25:27
Speaker 3: Now I can go right now and have dinner for
25:31
Speaker 3: four of us and we can spend less than fifty dollars,
25:35
Speaker 3: or we can have dinner together and spend at least
25:37
Speaker 3: five hund dollars. So both levels are there. There is
25:40
Speaker 3: affordable housing here. Differently we need more of that, but
25:44
Speaker 3: it's there, it exists. There is ecosystem that basically alwaysists
25:47
Speaker 3: together in that space.
25:49
Speaker 6: So there's levels and again it keeps it. Here's the
25:52
Speaker 6: thing about Dubai.
25:53
Speaker 3: Dubai will show what you are or I burned out
25:57
Speaker 3: to buy? Does the burning out you your true cars
25:59
Speaker 3: came out? If you're good, you're good. If you're bad,
26:02
Speaker 3: now know how bad you are. So again, this city
26:06
Speaker 3: keeps you compareditive, keeps you very strong, be strong.
26:09
Speaker 1: Thirty four water parks for now, For now, I'm gonna
26:13
Speaker 1: have I mean, already has the largest water park in
26:15
Speaker 1: the world. We'll have it again, and we got to
26:19
Speaker 1: get bigger. Ninety one businesses.
26:21
Speaker 6: No, now I have nine businesses.
26:24
Speaker 1: Nine not to want investments, investments, I'm sorry, ninety one investments,
26:28
Speaker 1: nine businesses. In my head, I'm thinking, how are we
26:32
Speaker 1: running operations on the day to day? How involved are
26:35
Speaker 1: you in or do you have CFO cmos?
26:38
Speaker 5: Is the structure the same.
26:39
Speaker 3: Different stashes some I'm very involved in daily things because
26:44
Speaker 3: again most of my Zoom calls are under.
26:47
Speaker 6: Twenty minutes with my teams.
26:51
Speaker 3: Intentionally, Yes, why it doesn't take that long to understand
26:54
Speaker 3: what you want? I know what I want. Spend to
26:56
Speaker 3: many points on three four, give me point points. What's happening,
26:59
Speaker 3: what's going on?
27:00
Speaker 6: What stutions? Do you have these problems? And then I
27:02
Speaker 6: pick from them quickly.
27:04
Speaker 3: I wake up early in the morning, I go to
27:06
Speaker 3: my gym, do my workhouse done, and I go to
27:08
Speaker 3: my beach and just go see everything and the begin
27:10
Speaker 3: make sure everything's done the way we do, then let's
27:13
Speaker 3: go first office, second office, or zoom calls. I try
27:17
Speaker 3: to keep things all in the same geographic space so
27:19
Speaker 3: I don't have to drivel too much. That's what today
27:22
Speaker 3: was a bit technic. But like usually, I do all
27:23
Speaker 3: the things in the same space. So my businesses, offices
27:27
Speaker 3: in my penthouse all in the same space. So I
27:31
Speaker 3: have to move too much because again time is a
27:33
Speaker 3: very big factor here. So my day is always structured,
27:37
Speaker 3: like in the tea, so there's no bullshit in a
27:39
Speaker 3: few ten minutes fifteen minutes late in one meeting, I
27:43
Speaker 3: can't see meeting because I can't see over somebody else.
27:47
Speaker 3: Today I had like a seven hour shooting, so it
27:50
Speaker 3: was just hectic. It was was before hours became seven hours.
27:52
Speaker 3: It's okay, everything else had had to be canceled. But
27:56
Speaker 3: it's very structured.
27:58
Speaker 5: It makes sense.
27:59
Speaker 3: Yeah, but I don't have this off. I don't understand
28:02
Speaker 3: this off like I still now. I do eighty two
28:06
Speaker 3: hundred hours a week.
28:08
Speaker 2: That still, So talk about your branding because you're you're
28:12
Speaker 2: obviously branding yourself because you aquaman on your sleeve. Yeah,
28:16
Speaker 2: you have a necklace like a rapper. You have a
28:18
Speaker 2: necklace on like you know, so it's all mine.
28:21
Speaker 6: It's about.
28:23
Speaker 5: Slight difference slight.
28:25
Speaker 2: So so talking you're obviously intentional about how you want
28:28
Speaker 2: the world to see you, the image that you're putting
28:30
Speaker 2: out there, that they you're doing the show with Netflix.
28:31
Speaker 4: So you're not like a behind the scenes guy. It
28:34
Speaker 4: doesn't seem like that, right.
28:35
Speaker 2: Talk about talk about that, Talk about your intentionality with
28:38
Speaker 2: your branding.
28:39
Speaker 3: You need to be very purposeful and very intentional with
28:43
Speaker 3: every single thing you do, everything you say or do anything,
28:46
Speaker 3: because there's three different when people can when you meet people,
28:49
Speaker 3: they will see you, they will smell you, or they
28:50
Speaker 3: will hear you.
28:51
Speaker 6: You need to look good.
28:53
Speaker 3: You just smell good and you know where you're talking about.
28:56
Speaker 3: It's a very important things. I assume the power of
28:58
Speaker 3: personal budge very very well because again there's it gets
29:02
Speaker 3: it creates report people know I've seen you video somewhere,
29:07
Speaker 3: I relate to what you said about this topic of
29:08
Speaker 3: that topic. So it takes away that whole fluff of
29:12
Speaker 3: when you meet somebody, people know I've seen you. I
29:14
Speaker 3: like you, especially if you if you're authentic and if
29:18
Speaker 3: you really and you say there are things people relate
29:20
Speaker 3: to it.
29:21
Speaker 6: You know, when you're really when.
29:23
Speaker 3: Other people understand you and to you very fast, So
29:25
Speaker 3: that's very important. It brings a lot of brands together
29:29
Speaker 3: collaborations very quickly. And again like you know, why not
29:35
Speaker 3: look good?
29:37
Speaker 6: Why not?
29:38
Speaker 3: It's like, you know, God blesses me with like you know,
29:40
Speaker 3: I work so hard, I got the my name, enjoy
29:42
Speaker 3: it and I keep it in a grave with me.
29:45
Speaker 6: Enjoy it.
29:46
Speaker 5: Now.
29:47
Speaker 1: One of the things I've been educated on since being
29:49
Speaker 1: here is this license plate situation.
29:54
Speaker 6: It's humbling, isn't it.
29:55
Speaker 1: Can you explain to the to the version here the
29:59
Speaker 1: person that has I heard about this?
30:01
Speaker 5: I saw there. There's digits.
30:02
Speaker 1: Now we come from a place where your license plates
30:04
Speaker 1: your license plate, and you might transfer that from.
30:07
Speaker 6: Because there's a cap there.
30:08
Speaker 5: There's a totally different meaning here.
30:09
Speaker 3: Yeah, because you know when we say out of money,
30:11
Speaker 3: there's a purpose behind it because okay, having energy class, okay,
30:16
Speaker 3: citing FIA cool, having okay cool, But then okay, how
30:20
Speaker 3: do you show.
30:21
Speaker 6: More than I'm wing?
30:22
Speaker 3: And now comes with this new it's only this part
30:25
Speaker 3: of the word thing is like you know, plate numbers,
30:27
Speaker 3: so if it's one digital digits, it's more expensive. So
30:30
Speaker 3: sometimes a one digit plate number, let's say a A
30:36
Speaker 3: five for example, that one went out for fifteen million dollars.
30:40
Speaker 3: Fifteen million for one digit. You know, so that's the
30:44
Speaker 3: whole thing, you know it. It becomes an asset. It's
30:48
Speaker 3: a new category of assets to show who you are exactly.
30:52
Speaker 1: So when I moved to Dubai, I need to have
30:55
Speaker 1: at least let's move first.
30:56
Speaker 3: We talking about baby steps.
31:00
Speaker 6: First thing, we're talking about that other.
31:02
Speaker 5: All right, no five digits.
31:05
Speaker 2: Well, thank you for your time, thank you for having
31:08
Speaker 2: the voice. Thank you for your time. I appreciate it.
31:10
Speaker 4: More success continue, earners.
31:12
Speaker 5: What's up?
31:12
Speaker 1: You ever walk into a small business and everything just
31:15
Speaker 1: works like the checkout is fast, or seats of digital
31:19
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31:22
Speaker 1: the line even builds? Odds are they're using Square? We
31:26
Speaker 1: love supporting businesses that run on Square because it just
31:29
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31:32
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31:34
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31:38
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31:45
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