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

An episode of [Earn Your Leisure](https://invisiblenetwork.ai/podcast/1450211392), 5 Dec 2025, 33 min.

Audio: https://podtrac.com/pts/redirect.mp3/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/8dbc4f54-a337-4481-9ef2-b355012b0a3d/8e915a9f-554e-4590-8b49-b3aa002192bd/audio.mp3?utm_source=Podcast&in_playlist=eac4c628-29cb-469a-b5c8-b355012b0a48

In this episode of Earn Your Leisure, we sit down with Ahmed Ben Chaibah, the visionary founder of Aqua Fun, to break down why Dubai is becoming the #1 city in the world for entrepreneurs, investors, and anyone who wants true financial freedom. We talk about how Ahmed built the world’s largest inflatable waterpark, scaled to 780 employees across 34 locations, and grew an audience of 100K without spending a dollar on ads. He reveals the systems, discipline, and mindset that separate successful entrepreneurs from everyone else — and how Dubai’s government structure creates the perfect environment for business. We also compare Dubai’s tax-free lifestyle to America’s system that “feels like a scam,” explore how Dubai funds its massive growth without income or property taxes, and break down the city’s booming real estate market growing 25% year-over-year. From Google review incentives, to license plates as investments, to the question everyone is secretly asking: “Why are you still living in America if they’re taking half your money?” This is one of the most eye-opening global business conversations we’ve ever had. Market Mondays Cyber Monday Deal (Extended for 24 Hours): https://marketmondaysdeal.com #EarnYourLeisure #Dubai #AhmedBenChaibah #AquaFun #Entrepreneurship #GlobalEconomy #BusinessTips #WealthBuilding #Taxes #DubaiRealEstate #MiddleEastBusiness #FinancialFreedom #Investing101 #MarketMondays #EYL See omnystudio.com/listener for privacy information.

## Transcript

[0:01] Speaker 1: This episode is brought to you by P and C Bank.
[0:03] Speaker 1: A lot of people think podcasts about work are boring,
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[0:39] Speaker 1: National Association Member FDIC.
[0:43] Speaker 2: When I did the podcast with you all, I was
[0:45] Speaker 2: telling you probably the most impactful.
[0:48] 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] Speaker 1: tipping is a breeze and you're out the door before
[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] Speaker 1: feels seamless. Whether it's a local coffee shop, a vendor
[31:32] Speaker 1: at a pop up market, or even one of our
[31:34] Speaker 1: merch partners. Square makes it easy for them to take payments,
[31:38] Speaker 1: manage inventory, and run their business with confidence, all from
[31:42] Speaker 1: one simple system. One of the things we love most
[31:45] Speaker 1: is seeing neighborhood businesses level up. Disnes's West Indian spot
[31:49] Speaker 1: writing our community that started with a small takeout counter.
[31:52] Speaker 1: Now with Square they've been able to expand into a
[31:55] Speaker 1: full sit down restaurant and even started catering events across
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[32:02] Speaker 1: and it's powered by Square. Square is built for all
[32:05] Speaker 1: types of businesses, from the corner bagel shop that turn
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[32:14] Speaker 1: down for years. If you're a business owner or even
[32:18] Speaker 1: just thinking about launching something soon, Square is hands down
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[32:34] Speaker 1: visit Square dot com, backslash, go backslash eyl to learn
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[32:47] Speaker 1: can keep pushing your vision forward.

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