1 00:00:00,040 --> 00:00:03,600 Speaker 1: An illegal alien from Guatemala charged with raping a child 2 00:00:03,680 --> 00:00:07,480 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 3 00:00:07,720 --> 00:00:11,840 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 4 00:00:11,920 --> 00:00:15,840 Speaker 1: filming and selling child pornography in Michigan. These are just 5 00:00:15,920 --> 00:00:19,680 Speaker 1: some of the heinous migrant criminals caught because of President 6 00:00:19,720 --> 00:00:20,159 Speaker 1: Donald J. 7 00:00:20,239 --> 00:00:21,200 Speaker 2: Trump's leadership. 8 00:00:21,480 --> 00:00:25,079 Speaker 1: I'm Christy nom the United States Secretary of Homeland Security. 9 00:00:25,440 --> 00:00:29,200 Speaker 1: Under President Trump, attempted illegal border crossings are at the 10 00:00:29,240 --> 00:00:33,080 Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal 11 00:00:33,120 --> 00:00:36,920 Speaker 1: aliens have been arrested. If you are here illegally, your 12 00:00:37,040 --> 00:00:41,160 Speaker 1: next you will be fined nearly one thousand dollars a day, imprisoned, 13 00:00:41,479 --> 00:00:42,160 Speaker 1: and deported. 14 00:00:42,600 --> 00:00:43,800 Speaker 2: You will never return. 15 00:00:44,120 --> 00:00:47,120 Speaker 1: But if you register using our CBP home app and 16 00:00:47,240 --> 00:00:50,120 Speaker 1: leave now, you could be allowed to return legally. 17 00:00:50,479 --> 00:00:52,720 Speaker 2: Do what's right. Leave now. 18 00:00:53,040 --> 00:00:57,400 Speaker 1: Under President Trump, America's laws, border and families will. 19 00:00:57,200 --> 00:01:00,000 Speaker 3: Be protected sponsored by the United States Department of Homeland Security. 20 00:01:00,320 --> 00:01:04,360 Speaker 4: So there's another thing that American in the Western world 21 00:01:04,480 --> 00:01:07,759 Speaker 4: has made normalized, where, if you really think about it, 22 00:01:07,880 --> 00:01:12,119 Speaker 4: a lot of these places outside of America, the whole 23 00:01:12,160 --> 00:01:13,000 Speaker 4: home buying. 24 00:01:12,720 --> 00:01:14,600 Speaker 5: Process is different it's so different. 25 00:01:14,720 --> 00:01:17,919 Speaker 4: It's like, you don't you if you have two hundred 26 00:01:17,920 --> 00:01:20,959 Speaker 4: thousand dollars, then you buy a home for two hundred thousands, that's. 27 00:01:20,880 --> 00:01:21,720 Speaker 6: It, no interest. 28 00:01:22,240 --> 00:01:27,000 Speaker 4: Yes, it's really how it should be, honestly right, because 29 00:01:27,040 --> 00:01:29,800 Speaker 4: it's like we normalize buying things. 30 00:01:29,600 --> 00:01:30,360 Speaker 5: That we can't afford. 31 00:01:30,480 --> 00:01:33,920 Speaker 4: Absolutely, So we put ten percent down or three point 32 00:01:33,959 --> 00:01:37,120 Speaker 4: five percent down, one percent down on a home that 33 00:01:37,240 --> 00:01:39,320 Speaker 4: costs five million dollars, and now we got to pay 34 00:01:39,319 --> 00:01:40,600 Speaker 4: a mortgage that we can't afford. 35 00:01:40,600 --> 00:01:40,640 Speaker 5: It. 36 00:01:40,760 --> 00:01:44,800 Speaker 4: It's like, that's because we live beyond our means. Yes, 37 00:01:45,160 --> 00:01:48,560 Speaker 4: that's because we want things that we really can't afford. 38 00:01:48,640 --> 00:01:53,040 Speaker 4: We want bigger, So it's like, well, why don't you 39 00:01:53,080 --> 00:01:55,880 Speaker 4: just pay for something that you can afford? 40 00:01:55,960 --> 00:01:56,160 Speaker 6: Yes? 41 00:01:56,200 --> 00:01:58,800 Speaker 4: Absolutely, But that's never really been taught to us because 42 00:01:58,840 --> 00:02:01,080 Speaker 4: the mortgage and even that banks work a lot of 43 00:02:01,080 --> 00:02:05,000 Speaker 4: these countries, especially on the Muslim countries, the banks don't 44 00:02:05,080 --> 00:02:07,880 Speaker 4: charge interest, so the whole way that the banking system 45 00:02:07,920 --> 00:02:11,720 Speaker 4: is set up is different. It's not really incentivized for 46 00:02:11,840 --> 00:02:14,000 Speaker 4: you to take a mortgage because when you're taking a mortgage, 47 00:02:14,000 --> 00:02:16,839 Speaker 4: the bank is really winning in a situation ryees, So 48 00:02:17,200 --> 00:02:19,119 Speaker 4: the amount of money that you're going to pay over 49 00:02:19,160 --> 00:02:22,040 Speaker 4: a thirty year time frame, you could have boid three 50 00:02:22,080 --> 00:02:25,120 Speaker 4: more houses for the house that you just purchased. So 51 00:02:25,160 --> 00:02:26,639 Speaker 4: it's like, even the way that we look at real 52 00:02:26,720 --> 00:02:32,000 Speaker 4: estate in America, we have a different mindset. We're trained 53 00:02:32,000 --> 00:02:34,680 Speaker 4: to put ourselves in debt for things that we traditionally 54 00:02:34,720 --> 00:02:36,400 Speaker 4: can't afford to benefit the bank. 55 00:02:36,680 --> 00:02:40,519 Speaker 7: Absolutely, that's a beautiful way to explain it, and that's 56 00:02:40,520 --> 00:02:43,480 Speaker 7: exactly what's happening, and that's why I really love that. 57 00:02:43,680 --> 00:02:45,840 Speaker 7: So having a conversation with Americans now and I'm like, well, 58 00:02:45,840 --> 00:02:47,120 Speaker 7: if you want a property now you have to put 59 00:02:47,160 --> 00:02:49,720 Speaker 7: fifty percent down, It's like, oh, gut punch, Like wait, 60 00:02:49,800 --> 00:02:50,480 Speaker 7: what what. 61 00:02:50,440 --> 00:02:52,920 Speaker 5: Do I do that? 62 00:02:53,360 --> 00:02:54,680 Speaker 6: What don't the world just happened? 63 00:02:54,680 --> 00:02:57,000 Speaker 7: But imagine if we were trained our our lives to say, no, 64 00:02:57,040 --> 00:02:59,360 Speaker 7: you can own a property in seven years, how many 65 00:02:59,360 --> 00:03:01,200 Speaker 7: more of us will be investors? How many more of 66 00:03:01,280 --> 00:03:03,799 Speaker 7: us will own real estate free and clear because there's no. 67 00:03:03,760 --> 00:03:06,360 Speaker 5: Annual properties and make better financial decisions. 68 00:03:06,400 --> 00:03:08,440 Speaker 7: Yes, exactly, if I know I need it, then I'm 69 00:03:08,440 --> 00:03:09,600 Speaker 7: gonna put it towards. 70 00:03:09,320 --> 00:03:11,639 Speaker 6: Something that's gonna actually add value. 71 00:03:11,800 --> 00:03:14,000 Speaker 7: And so I really love that when they typically go 72 00:03:14,080 --> 00:03:17,400 Speaker 7: through the financial aspect of what is necessary. They're gonna 73 00:03:17,440 --> 00:03:20,280 Speaker 7: look at your last two years bank statements. That's the 74 00:03:20,280 --> 00:03:22,440 Speaker 7: maximum that they'll ever do. Sometimes it can be shorter 75 00:03:22,560 --> 00:03:23,280 Speaker 7: three to six months. 76 00:03:23,320 --> 00:03:26,359 Speaker 6: It's really really capital focused. I can't emphasize that enough. 77 00:03:27,600 --> 00:03:30,120 Speaker 7: But in the scenario where you do get financing, there 78 00:03:30,200 --> 00:03:33,440 Speaker 7: will be some interest. But again, if you go back 79 00:03:33,440 --> 00:03:36,560 Speaker 7: to option A and you pay cash, there is no interest. 80 00:03:36,800 --> 00:03:39,760 Speaker 7: So that's the options that investors have. So it's really 81 00:03:39,800 --> 00:03:40,440 Speaker 7: really dope. 82 00:03:40,520 --> 00:03:42,960 Speaker 5: So you said something and we saw this as well. 83 00:03:43,000 --> 00:03:45,160 Speaker 8: There was a lot of creans, So that means there's 84 00:03:45,160 --> 00:03:48,760 Speaker 8: a lot of development happens which sometimes could lead and 85 00:03:48,800 --> 00:03:50,880 Speaker 8: we've seen this happen in Farida when there's too much 86 00:03:50,880 --> 00:03:54,440 Speaker 8: property and the market is oversaturated. How do we know 87 00:03:54,960 --> 00:03:58,480 Speaker 8: when or where we should be focusing Because you also 88 00:03:58,520 --> 00:04:01,040 Speaker 8: brought up the mainland in the freezoone, which are two 89 00:04:01,040 --> 00:04:03,480 Speaker 8: different things, and yeah, maybe explain that as well. How 90 00:04:03,520 --> 00:04:05,600 Speaker 8: do we know that, you know what, this market won't 91 00:04:05,600 --> 00:04:07,720 Speaker 8: be oversaturated in the next pot ten years. 92 00:04:08,040 --> 00:04:11,320 Speaker 7: Absolutely, I feel like oversaturation is kind of like just 93 00:04:11,520 --> 00:04:14,120 Speaker 7: a mindset thing, you know what I'm saying, Because imagine 94 00:04:14,120 --> 00:04:16,400 Speaker 7: if y'all didn't start a podcast because there were hundreds 95 00:04:16,440 --> 00:04:19,880 Speaker 7: of podcasts. It's just about what can you provide value for. 96 00:04:19,960 --> 00:04:24,640 Speaker 7: What makes Dubai unique to the world is a few reasons. One, 97 00:04:24,880 --> 00:04:27,440 Speaker 7: there's no capital gains tax, there's no income tax, there's 98 00:04:27,480 --> 00:04:35,400 Speaker 7: no property taxes. So there is no capital gains tax, 99 00:04:35,520 --> 00:04:40,400 Speaker 7: no income taxes, or any property taxes in Dubai. That 100 00:04:40,480 --> 00:04:43,359 Speaker 7: alone allows so much cost savings for people that are 101 00:04:43,440 --> 00:04:46,640 Speaker 7: ultra high net worth individuals. Okay, yeah, you're talking about 102 00:04:46,680 --> 00:04:48,839 Speaker 7: the number three safest place to live in the world. 103 00:04:49,440 --> 00:04:51,960 Speaker 7: So if you have a Bugatti in the US and 104 00:04:52,000 --> 00:04:53,800 Speaker 7: you have to keep it in your garage but you 105 00:04:53,839 --> 00:04:55,960 Speaker 7: really want to drive it, what good is it to 106 00:04:56,080 --> 00:04:58,680 Speaker 7: have all these things that you can enjoy. If you 107 00:04:58,720 --> 00:05:00,600 Speaker 7: come to Dubai and use that same money, you can 108 00:05:00,720 --> 00:05:02,799 Speaker 7: enjoy everything that you the fruit of your labor. 109 00:05:02,839 --> 00:05:04,440 Speaker 6: You can truly relax and enjoy it. 110 00:05:04,760 --> 00:05:07,679 Speaker 7: It is the number one most profitable destination for Airbnb, 111 00:05:08,160 --> 00:05:10,760 Speaker 7: and it is the number one most popular travel destination. 112 00:05:10,839 --> 00:05:15,120 Speaker 7: It's literally written in their airport. So what Dubai is 113 00:05:15,200 --> 00:05:17,840 Speaker 7: creating is a safe haven for people. 114 00:05:17,680 --> 00:05:18,839 Speaker 6: Who are entrepreneurial. 115 00:05:19,160 --> 00:05:21,320 Speaker 7: I will also say when it comes to people who 116 00:05:21,360 --> 00:05:24,560 Speaker 7: have service based jobs, this is one of the cons 117 00:05:24,600 --> 00:05:26,400 Speaker 7: that people may need to also pay attention to. 118 00:05:26,440 --> 00:05:27,040 Speaker 6: That's listening. 119 00:05:27,080 --> 00:05:28,800 Speaker 7: If you are an American and you don't have a 120 00:05:28,839 --> 00:05:31,240 Speaker 7: specialized skill, or you're not an entrepreneur and know how 121 00:05:31,240 --> 00:05:34,040 Speaker 7: to actually generate income for yourself as a business owner, 122 00:05:34,200 --> 00:05:37,040 Speaker 7: you're going to struggle in that market. It's not necessarily 123 00:05:37,080 --> 00:05:38,560 Speaker 7: the place for you to come and say, oh, I'm 124 00:05:38,560 --> 00:05:40,760 Speaker 7: going to put in all these applications. You have to 125 00:05:40,800 --> 00:05:43,360 Speaker 7: come over there and have something to give. It's really 126 00:05:43,440 --> 00:05:47,240 Speaker 7: kind of like a give and take type of society. 127 00:05:47,279 --> 00:05:49,160 Speaker 7: They allow you to do your thing, but you have 128 00:05:49,200 --> 00:05:51,480 Speaker 7: to generate income for yourself unless you're coming over there 129 00:05:51,560 --> 00:05:53,680 Speaker 7: you're like a CEO of Google or something like that. 130 00:05:53,720 --> 00:05:57,119 Speaker 7: But that middle ground doesn't really exist for Americans because 131 00:05:57,120 --> 00:06:00,880 Speaker 7: the service based business there, they're able to use less 132 00:06:00,920 --> 00:06:01,560 Speaker 7: skilled labor. 133 00:06:01,880 --> 00:06:03,360 Speaker 6: Yeah, they're in different parts of the world. 134 00:06:03,440 --> 00:06:05,520 Speaker 7: Yeah, different parts of the world, and just the cost 135 00:06:05,560 --> 00:06:08,080 Speaker 7: of labor is so much lower than what an American 136 00:06:08,120 --> 00:06:08,880 Speaker 7: would expect. 137 00:06:08,960 --> 00:06:11,000 Speaker 6: So you have to be able to generate your own income. 138 00:06:12,040 --> 00:06:15,200 Speaker 7: But your question though, as far as which areas are 139 00:06:15,520 --> 00:06:18,679 Speaker 7: really popping, So on the luxury side, you have the Palm, 140 00:06:19,000 --> 00:06:20,960 Speaker 7: you have the Dubai Marina, which is where I live. 141 00:06:21,000 --> 00:06:22,000 Speaker 6: I absolutely love it. 142 00:06:22,240 --> 00:06:23,960 Speaker 7: You know, waking up every day and being able to 143 00:06:24,000 --> 00:06:27,360 Speaker 7: just see yachts at ten o'clock in the morning people 144 00:06:27,400 --> 00:06:30,640 Speaker 7: are just out living their best life is so inspiring 145 00:06:30,720 --> 00:06:34,359 Speaker 7: to me. The other areas are absolutely love like downtown 146 00:06:34,400 --> 00:06:37,919 Speaker 7: Dubai and Maydeland City, and then on the lower end 147 00:06:38,000 --> 00:06:40,480 Speaker 7: more affordable areas, you have places like the City of 148 00:06:40,520 --> 00:06:43,680 Speaker 7: Arabia or South or Earners. 149 00:06:43,720 --> 00:06:44,080 Speaker 5: What's up? 150 00:06:44,200 --> 00:06:46,680 Speaker 9: You ever walk into a small business and everything just 151 00:06:46,800 --> 00:06:49,960 Speaker 9: works like the checkout is fast, or seats of digital 152 00:06:50,520 --> 00:06:53,480 Speaker 9: tipping is a breeze and you're out the door before 153 00:06:53,520 --> 00:06:57,760 Speaker 9: the line even builds odds are they're using Square. We 154 00:06:57,839 --> 00:07:00,400 Speaker 9: love supporting businesses that run on Square because it just 155 00:07:00,400 --> 00:07:03,640 Speaker 9: feels seamless. Whether it's a local coffee shop, a vendor 156 00:07:03,680 --> 00:07:05,960 Speaker 9: at a pop up market, or even one of our 157 00:07:06,000 --> 00:07:09,640 Speaker 9: merch partners. Square makes it easy for them to take payments, 158 00:07:09,880 --> 00:07:13,600 Speaker 9: manage inventory, and run their business with confidence, all from 159 00:07:13,680 --> 00:07:17,080 Speaker 9: one simple system. If you're a business owner or even 160 00:07:17,200 --> 00:07:20,720 Speaker 9: just thinking about launching something soon, Square is hands down 161 00:07:20,720 --> 00:07:23,080 Speaker 9: one of the best tools out there to help you start, 162 00:07:23,440 --> 00:07:27,040 Speaker 9: run and grow. It's not just about payments, it's about 163 00:07:27,040 --> 00:07:29,520 Speaker 9: giving you time back so you can focus on what 164 00:07:29,640 --> 00:07:33,320 Speaker 9: matters most Ready. To see how Square can transform your business, 165 00:07:33,560 --> 00:07:38,200 Speaker 9: visit Square dot com backslash go backslash eyl to learn 166 00:07:38,240 --> 00:07:43,440 Speaker 9: more that Square dot Com backslash, go backslash eyl. Don't wait, 167 00:07:43,760 --> 00:07:46,520 Speaker 9: don't hesitate. Let's Square handle the back end so you 168 00:07:46,600 --> 00:07:52,920 Speaker 9: can keep pushing your vision forward. This episode is brought 169 00:07:52,960 --> 00:07:54,840 Speaker 9: to you by P and C Bank. A lot of 170 00:07:54,880 --> 00:07:58,480 Speaker 9: people think podcasts about work are boring, and sure, they 171 00:07:58,520 --> 00:08:02,600 Speaker 9: definitely can be understanding of professionals. Routine shows us how 172 00:08:02,600 --> 00:08:06,080 Speaker 9: they achieve their success little by little, day after day. 173 00:08:07,040 --> 00:08:09,520 Speaker 9: It's like banking with P and C Bank. It might 174 00:08:09,640 --> 00:08:12,520 Speaker 9: seem boring the safe plan and make calculated decisions with 175 00:08:12,600 --> 00:08:15,600 Speaker 9: your bank, but keeping your money boring is what helps 176 00:08:15,640 --> 00:08:18,720 Speaker 9: you live a more happily fulfilled life. P and C 177 00:08:18,880 --> 00:08:24,000 Speaker 9: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since 178 00:08:24,040 --> 00:08:26,640 Speaker 9: eighteen sixty five is a service mark of the PNC 179 00:08:26,840 --> 00:08:30,760 Speaker 9: Financial Service Group, Inc. P and C Bank National Association 180 00:08:31,000 --> 00:08:31,960 Speaker 9: Member FDIC. 181 00:08:33,720 --> 00:08:37,400 Speaker 1: An illegal alien from Guatemala charged with raping a child 182 00:08:37,440 --> 00:08:41,239 Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador 183 00:08:41,480 --> 00:08:45,600 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 184 00:08:45,679 --> 00:08:49,560 Speaker 1: filming and selling child pornography in Michigan. These are just 185 00:08:49,679 --> 00:08:53,439 Speaker 1: some of the heinous migrant criminals caught because of President 186 00:08:53,480 --> 00:08:53,920 Speaker 1: Donald J. 187 00:08:54,000 --> 00:08:56,439 Speaker 2: Trump's leadership. I'm Christine nom the. 188 00:08:56,440 --> 00:09:01,040 Speaker 1: United States Secretary of Homeland Security. Under President Trump, attempted 189 00:09:01,080 --> 00:09:04,760 Speaker 1: illegal border crossings are at the lowest levels ever recorded, 190 00:09:05,080 --> 00:09:08,160 Speaker 1: and over one hundred thousand illegal aliens have been arrested. 191 00:09:08,440 --> 00:09:11,960 Speaker 1: If you are here illegally, your next you will be 192 00:09:12,040 --> 00:09:15,440 Speaker 1: fine nearly one thousand dollars a day, imprisoned and. 193 00:09:15,360 --> 00:09:17,520 Speaker 2: Deported, you will never return. 194 00:09:17,880 --> 00:09:20,880 Speaker 1: But if you register using our CBP home app and 195 00:09:21,000 --> 00:09:23,240 Speaker 1: leave now, you could be allowed. 196 00:09:22,840 --> 00:09:26,440 Speaker 2: To return legally. Do what's right. Leave now. 197 00:09:26,800 --> 00:09:31,080 Speaker 1: Under President Trump, America's laws, border and families will. 198 00:09:30,960 --> 00:09:33,840 Speaker 3: Be protected sponsored by the United States Department of Homeland Security. 199 00:09:34,080 --> 00:09:37,160 Speaker 7: The mac hells and there are so many different areas 200 00:09:37,200 --> 00:09:39,080 Speaker 7: that you can now invest in. The beautiful part about 201 00:09:39,120 --> 00:09:42,640 Speaker 7: it is that it's a growing economy, so everything's open, 202 00:09:42,760 --> 00:09:43,360 Speaker 7: he says Homeston. 203 00:09:43,440 --> 00:09:45,640 Speaker 8: That was important to our shot really quick. So the 204 00:09:45,679 --> 00:09:48,040 Speaker 8: free zone is the Palm's part of the free zone. 205 00:09:48,160 --> 00:09:48,800 Speaker 5: How does that work? 206 00:09:48,800 --> 00:09:50,199 Speaker 7: That's going to be a part of the so free 207 00:09:50,280 --> 00:09:52,480 Speaker 7: zone in Mainland is just for people who are looking 208 00:09:52,520 --> 00:09:55,319 Speaker 7: to start businesses to conduct business. It's like it allows 209 00:09:55,320 --> 00:09:59,559 Speaker 7: you territories essentially to be able to conduct business, to transact. 210 00:10:00,040 --> 00:10:03,160 Speaker 7: But when it comes to actually investing, you won't actually 211 00:10:03,200 --> 00:10:05,520 Speaker 7: see a project advertised if you can't as a foreign 212 00:10:05,520 --> 00:10:08,680 Speaker 7: investor purchase it. If it's something that's localized, that's more 213 00:10:08,840 --> 00:10:11,120 Speaker 7: under wraps, that's not going to be listed for sale 214 00:10:11,160 --> 00:10:14,800 Speaker 7: to they actually identify on the listing if it's something 215 00:10:14,840 --> 00:10:16,520 Speaker 7: that the public can purchase, or if it's something an 216 00:10:16,520 --> 00:10:19,199 Speaker 7: investor can purchase. But when it comes to like all 217 00:10:19,200 --> 00:10:22,040 Speaker 7: these new developments, those are all for foreign investors. 218 00:10:22,480 --> 00:10:25,120 Speaker 4: You said something that was I won't get back to 219 00:10:25,440 --> 00:10:28,520 Speaker 4: there's no property tax. That's another thing in America is 220 00:10:28,559 --> 00:10:31,559 Speaker 4: like you technically never really own your property because even 221 00:10:31,600 --> 00:10:35,319 Speaker 4: if you buy it out in cash, yes, if you 222 00:10:35,440 --> 00:10:37,439 Speaker 4: fall behind on your property taxes, then they can take 223 00:10:37,440 --> 00:10:41,240 Speaker 4: your property absolutely. And that's something that you know property taxes. 224 00:10:41,280 --> 00:10:45,520 Speaker 4: Depending on where you live, that could be the mortgage 225 00:10:45,559 --> 00:10:46,480 Speaker 4: right there, and. 226 00:10:46,400 --> 00:10:49,240 Speaker 7: Not to mention you're not in control of it. 227 00:10:48,480 --> 00:10:50,679 Speaker 5: It goes up, it goes everywhere else. 228 00:10:50,800 --> 00:10:51,400 Speaker 6: It goes up. 229 00:10:51,400 --> 00:10:53,439 Speaker 7: It goes up and then you you know, and then 230 00:10:53,679 --> 00:10:56,080 Speaker 7: let's also think about the legacy play. 231 00:10:56,120 --> 00:10:57,880 Speaker 6: We're all here to we all have children. 232 00:10:57,960 --> 00:11:00,559 Speaker 7: Well, yes you do have son to so we all 233 00:11:00,600 --> 00:11:02,080 Speaker 7: want to leave things to our children. 234 00:11:02,080 --> 00:11:05,400 Speaker 6: And it's like, okay, if they get tired of the property. 235 00:11:05,080 --> 00:11:07,400 Speaker 7: Oftentimes we lose all of the things that we work 236 00:11:07,480 --> 00:11:10,120 Speaker 7: so hard in the next generation, you know. But in 237 00:11:10,120 --> 00:11:12,200 Speaker 7: this particular scenario, you leave this to your child and 238 00:11:12,240 --> 00:11:13,120 Speaker 7: the trust, they're. 239 00:11:12,920 --> 00:11:15,440 Speaker 5: Going to keep it forever with no property tax. 240 00:11:15,480 --> 00:11:16,880 Speaker 6: There's no property taxes. 241 00:11:17,320 --> 00:11:19,480 Speaker 5: So he correct me if I'm wrong, but I was reading. 242 00:11:19,559 --> 00:11:21,880 Speaker 8: So he said, no property tax, no capital gains tax, 243 00:11:22,520 --> 00:11:24,800 Speaker 8: and you brought up Google for made me think there's 244 00:11:24,960 --> 00:11:25,839 Speaker 8: no corporate tax. 245 00:11:26,040 --> 00:11:27,040 Speaker 6: There's no corporate tax. 246 00:11:27,400 --> 00:11:29,000 Speaker 5: I was reading that that might be something that they 247 00:11:29,040 --> 00:11:29,720 Speaker 5: look to change. 248 00:11:29,720 --> 00:11:32,000 Speaker 7: That is something that they are open to changing very 249 00:11:32,040 --> 00:11:34,920 Speaker 7: soon within like twenty twenty four to twenty five ish. 250 00:11:35,160 --> 00:11:37,400 Speaker 6: Which you know, they may have a corporate tax. I mean, 251 00:11:37,440 --> 00:11:40,240 Speaker 6: they're like, listen now, y'all over here, make it too much. 252 00:11:40,640 --> 00:11:44,200 Speaker 8: That's something if I'm a corporate person these enterprises and 253 00:11:44,240 --> 00:11:46,720 Speaker 8: I come to Dubai, I'm not paying corporate taxes even 254 00:11:47,160 --> 00:11:50,600 Speaker 8: tax two years and even when the proposal right now 255 00:11:50,679 --> 00:11:53,360 Speaker 8: is saying about nine percent yes, as opposed to the 256 00:11:53,480 --> 00:11:55,480 Speaker 8: United States which is twenty one yes. 257 00:11:56,000 --> 00:11:57,600 Speaker 6: Yes. It makes a huge cost saving. 258 00:11:57,640 --> 00:12:00,000 Speaker 7: So even if it's nine percent, you're still saving money 259 00:12:00,440 --> 00:12:02,400 Speaker 7: and you're living in a place that's safe, and you 260 00:12:02,520 --> 00:12:05,440 Speaker 7: have all this labor that is a lower expense. You know, 261 00:12:05,679 --> 00:12:07,800 Speaker 7: it just makes sense on so many different levels to 262 00:12:08,200 --> 00:12:11,000 Speaker 7: at least think about it and have the conversation about 263 00:12:11,000 --> 00:12:14,360 Speaker 7: why am I not investing or conducting business in this region. 264 00:12:14,520 --> 00:12:16,600 Speaker 7: Another thing I want to also point out. You mentioned 265 00:12:16,679 --> 00:12:19,960 Speaker 7: oversaturation and seeing all this projects and it's like, okay, 266 00:12:20,000 --> 00:12:21,559 Speaker 7: well what are people actually doing with. 267 00:12:21,520 --> 00:12:23,200 Speaker 6: This real estate? You can go to Dubai. 268 00:12:23,280 --> 00:12:25,160 Speaker 7: You might see buildings that may not seem like there 269 00:12:25,200 --> 00:12:27,280 Speaker 7: are a lot of people in them, and there's a 270 00:12:27,320 --> 00:12:30,360 Speaker 7: reason why. It's because people come to Dubai and they 271 00:12:30,360 --> 00:12:33,240 Speaker 7: don't just purchase one unit, they purchase an entire floor. 272 00:12:33,880 --> 00:12:37,920 Speaker 7: So you may see a floor in the building that 273 00:12:38,000 --> 00:12:40,600 Speaker 7: looks vacant, but the reason that it is is because 274 00:12:40,600 --> 00:12:43,200 Speaker 7: it's just something they're either sitting on somewhere that they're 275 00:12:43,240 --> 00:12:45,719 Speaker 7: parking their money, you know, or a legacy play where 276 00:12:45,720 --> 00:12:47,440 Speaker 7: they're just bought it for them kids. They bought the 277 00:12:47,440 --> 00:12:48,640 Speaker 7: floor for them their kids. 278 00:12:48,720 --> 00:12:54,440 Speaker 4: Yes, so let me ask you this, Dubai is part 279 00:12:54,480 --> 00:12:58,120 Speaker 4: of the UAE United Arab Emirates, but there's other emirates. 280 00:13:00,000 --> 00:13:01,520 Speaker 4: Emirate down the road. 281 00:13:01,600 --> 00:13:03,520 Speaker 5: Is Abu Dhabi. That's where we met. 282 00:13:04,000 --> 00:13:08,560 Speaker 4: So the Abu Dhabi play is interesting because from my understanding, 283 00:13:08,559 --> 00:13:12,320 Speaker 4: and correct me if I'm wrong, Dubai became so popular 284 00:13:12,320 --> 00:13:16,080 Speaker 4: because they had the visions for the tourism. Abu Dhabi 285 00:13:16,200 --> 00:13:19,800 Speaker 4: is the real finance capital. Abu Dhabi is the real money. Yes, 286 00:13:19,840 --> 00:13:22,400 Speaker 4: that's they have way more wealth in Abu Dhabi than 287 00:13:22,440 --> 00:13:27,160 Speaker 4: they have in Dubai. And they are obviously you know, connected, 288 00:13:27,240 --> 00:13:29,400 Speaker 4: but there's some level of competition as well. Oh yeah, 289 00:13:29,559 --> 00:13:34,319 Speaker 4: and Abu Dhabi is trying to catch up to Dubai 290 00:13:34,360 --> 00:13:37,600 Speaker 4: as far as on the infrastructure tourism side. Yes, So 291 00:13:38,320 --> 00:13:40,600 Speaker 4: do you do work in Abu Dhabi and what are 292 00:13:40,600 --> 00:13:44,240 Speaker 4: the opportunities for Abu Dhabi because it's only an hour away. 293 00:13:44,200 --> 00:13:48,000 Speaker 6: It's only an hour away driving it out. Yeah, so 294 00:13:48,160 --> 00:13:49,520 Speaker 6: I really love Abu Dhabi. 295 00:13:49,640 --> 00:13:51,720 Speaker 7: I look at them as I look at Dubai almost 296 00:13:51,800 --> 00:13:54,439 Speaker 7: as like the black sheep of the of the UAE. 297 00:13:55,080 --> 00:13:58,160 Speaker 7: It's one of those places where you can go and 298 00:13:58,200 --> 00:13:59,760 Speaker 7: you can have, like you said, any part of the 299 00:13:59,760 --> 00:14:01,959 Speaker 7: world at your fingertips, any experience that. 300 00:14:01,960 --> 00:14:04,000 Speaker 6: You want, you can have in Dubai. 301 00:14:04,120 --> 00:14:06,800 Speaker 7: When it comes to Abu Dhabi, it is very much 302 00:14:06,840 --> 00:14:10,040 Speaker 7: more conservative, you know, so the lifestyleships. It's like as 303 00:14:10,080 --> 00:14:12,640 Speaker 7: soon as you drive into Abu Dhabi, it's almost like 304 00:14:12,720 --> 00:14:15,559 Speaker 7: you feel at peace. You're like, where are the birds? 305 00:14:15,600 --> 00:14:18,640 Speaker 7: Like where I need? Sound like it's too perfect? What 306 00:14:18,720 --> 00:14:20,720 Speaker 7: is going on? So it's really kind of about the 307 00:14:20,800 --> 00:14:22,440 Speaker 7: vibe that you're going for. Like I go to Abu 308 00:14:22,520 --> 00:14:25,200 Speaker 7: Dhabi for relaxation. I go there because I want to 309 00:14:25,240 --> 00:14:27,320 Speaker 7: make some high net worth connections, you know. 310 00:14:27,440 --> 00:14:30,200 Speaker 6: But I don't see Abu Dhabi being as. 311 00:14:30,200 --> 00:14:34,040 Speaker 7: Tourists friendly if you will as Dubai anytime soon, because 312 00:14:34,040 --> 00:14:37,040 Speaker 7: they still want to keep some of their culture alive. 313 00:14:37,120 --> 00:14:39,480 Speaker 7: I think when you start to just allow too much 314 00:14:39,560 --> 00:14:42,440 Speaker 7: to happen, it can kind of overthrow your overarching goal 315 00:14:42,880 --> 00:14:46,080 Speaker 7: of life, which I really do love because we all 316 00:14:46,120 --> 00:14:48,240 Speaker 7: need those pockets to be able to like de compressed 317 00:14:48,280 --> 00:14:50,560 Speaker 7: and go back to you know. And so, but they 318 00:14:50,600 --> 00:14:53,040 Speaker 7: are doing a lot of development. They are much more 319 00:14:53,080 --> 00:14:57,720 Speaker 7: wealthy than Dubai because they are oil focused. Dubai is 320 00:14:57,760 --> 00:15:02,400 Speaker 7: not oil focused. They are tourism focused and supply chain focused. 321 00:15:02,440 --> 00:15:04,920 Speaker 7: So that is also a misconception about devias, like they 322 00:15:04,960 --> 00:15:06,880 Speaker 7: had this oil money. No, they have tourism money, and 323 00:15:06,920 --> 00:15:09,960 Speaker 7: so that's why they're constantly building, constantly developing. And so 324 00:15:10,000 --> 00:15:12,400 Speaker 7: the reason I love living there is because I'm a resident, 325 00:15:12,680 --> 00:15:14,240 Speaker 7: but I get to take advantage of living in a 326 00:15:14,720 --> 00:15:15,760 Speaker 7: tourism focus city. 327 00:15:15,880 --> 00:15:19,520 Speaker 1: An illegal alien from Guatemala charged with raping a child 328 00:15:19,520 --> 00:15:23,320 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 329 00:15:23,600 --> 00:15:27,720 Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with 330 00:15:27,800 --> 00:15:31,680 Speaker 1: filming and selling child pornography in Michigan. These are just 331 00:15:31,760 --> 00:15:35,520 Speaker 1: some of the heinous migrant criminals caught because of President 332 00:15:35,560 --> 00:15:36,000 Speaker 1: Donald J. 333 00:15:36,080 --> 00:15:37,040 Speaker 2: Trump's leadership. 334 00:15:37,320 --> 00:15:40,960 Speaker 1: I'm Christy Noman, the United States Secretary of Homeland Security. 335 00:15:41,280 --> 00:15:45,040 Speaker 1: Under President Trump, attempted illegal border crossings are at the 336 00:15:45,080 --> 00:15:48,960 Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal 337 00:15:48,960 --> 00:15:52,760 Speaker 1: aliens have been arrested. If you are here illegally, your 338 00:15:52,880 --> 00:15:56,240 Speaker 1: next you will be fine nearly one thousand dollars a day, 339 00:15:56,400 --> 00:16:00,400 Speaker 1: imprisoned and deported, you will never return. But if you 340 00:16:00,520 --> 00:16:04,120 Speaker 1: register using our CBP home app and leave now you 341 00:16:04,200 --> 00:16:05,280 Speaker 1: could be allowed. 342 00:16:04,960 --> 00:16:08,600 Speaker 2: To return legally. Do what's right. Leave now. 343 00:16:08,880 --> 00:16:13,680 Speaker 1: Under President Trump America's laws, border and families will be protected. 344 00:16:13,760 --> 00:16:15,920 Speaker 3: Sponsored by the United States Department of Homeland Security,