Why "Old Money" Families HATE Dubai

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  • Опубліковано 26 лип 2024
  • Dubai's reputation for fast and furious opulence is a red flag for many in the world's “Old Money” elite.
    For them, Dubai's flaunting of riches and unabashed commercialism is like serving Dom Pérignon in a plastic cup at the Ascot races-Utterly horrifying.
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    Why "Old Money" British Families Sold London To Oligarchs: • Why "Old Money" Britis...
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    The Wealth of Royal Families: How Modern Monarchies Make Money: • The Wealth of Royal Fa...
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    TIMESTAMPS:
    0:00 Introduction
    1:00 1. They Don’t Like The People
    6:15 2. They Don’t Like The Investment Strategy
    9:15 3. They Don’t Like The Flashy Behavior
    13:13 4. A New “Old Money” Class?
    ---------------------------------------------------
    Welcome to today's episode of Old Money Luxury, where we delve into a fascinating topic that has been stirring debate among the elite circles of society: the love-hate relationship between the world's Old Money aristocracy and the sparkling city of Dubai.
    Dubai, often dubbed the "new money" capital of the world, is a hotspot of modern wealth and innovation. Here, skyscrapers and luxury cars are as commonplace as desert dunes. But why does this haven of nouveau riche draw such skepticism from the Old Money elite?
    👥 Human Element:
    The Old Money elite don't just see wealth as a balance sheet; it's a complex network of multi-generational relationships and social alliances. Families like the Kennedys and Roosevelts have nurtured these relationships for generations. Dubai, a city known for its transience and diverse population, struggles to provide the same stable social network that Old Money families are accustomed to.
    📚 Education and Social Circles:
    In Old Money hubs like Boston, London, or even San Francisco, lineage members often share educational backgrounds, attending prestigious institutions like Harvard or Oxford. In contrast, Dubai lacks such culturally embedded educational systems and long-standing social clubs.
    📈 Investment Strategies:
    Old Money families are typically conservative investors, focusing on assets that provide long-term stability. Dubai's economy, in contrast, thrives on high-risk ventures like luxury real estate and cryptocurrencies-sectors that are often volatile and speculative, making them less appealing to conservative investors.
    💰 Financial Advisors:
    Old Money families often work with specialized financial advisors well-acquainted with their investment goals and profiles. Dubai's financial sector is more generalized, lacking this level of personalization.
    🎭 Cultural Institutions:
    In Old Money circles, patronage of the arts and philanthropy are not just about tax breaks but also about investing in long-lasting cultural legacies. Dubai still lacks these long-term cultural pillars that are integral to Old Money lifestyles.
    🕶️ Discretion vs. Display:
    Old Money families value privacy and discretion, while Dubai is a spectacle of public life filled with high-profile events and ostentatious displays of wealth.
    🔒 Privacy Concerns:
    The Old Money ethos places a premium on privacy and personal space. Dubai's extensive security and surveillance measures can sometimes feel invasive to those who highly value their privacy.
    📸 Media Attention:
    Old Money families often seek out quieter locales where they can avoid media scrutiny, another factor that makes Dubai less appealing to them.
    So, could Dubai ever attract the Old Money elite? Time will tell, but for now, the differences in investment strategies, cultural values, and lifestyle preferences make the city less appealing to those who have been wealthy for generations.

КОМЕНТАРІ • 460

  • @oldmoneyluxury
    @oldmoneyluxury  10 місяців тому +36

    COMMENT: Have you been to Dubai - or would like to visit - and if you have, what did you think of it?

    • @bobsquell318
      @bobsquell318 10 місяців тому +5

      I dont want to go to Dubaï because its too much about showing your fortune to others not classic lifestyle.

    • @sphtpfhorbrains3592
      @sphtpfhorbrains3592 10 місяців тому +1

      Dubai porta potty, nuff said (you don't want to look up what that means).

    • @mustafamajid7794
      @mustafamajid7794 10 місяців тому +2

      You can have it if you got the cash…stay off the radar and follow the rules and no one will bother you…so works out for most people

    • @kerlyn3582
      @kerlyn3582 10 місяців тому +1

      One word - No! and No!

    • @Tee55118
      @Tee55118 10 місяців тому +5

      Yes. I love Dubai. I have been vacationing there twice a year for the past four years, and have flown through Dubai Airport DXB on Emirates for the past twenty-five years. I have high status at Western-named/managed/owned hotel resorts. The staff are perfectly trained, and with respect for hard work and making money. There is no laziness. That said, I never interact with actual Emiratis, except maybe at DXB customs, and even then, I've been directed by the admittedly muscular handsome Emirati official to avoid him and use the self-service automated computerized passport gate.

  • @curiousworld7912
    @curiousworld7912 10 місяців тому +506

    I'm among the 'no money' crowd, but even I find Dubai offensive. I find it so, based on its grotesque displays of wealth, the utter lack of good taste on show, the transitory nature of the place, and the lack of privacy. But what I find particularly offensive, is the treatment and exploitation of their workers.

    • @LivingInChrysalis
      @LivingInChrysalis 10 місяців тому +37

      I'm also of the "no money" folk... but Dubai disgusts me too

    • @VPB1970
      @VPB1970 10 місяців тому

      Dubai represents all that's wrong in modern society. Its absolutely false, a futile "Alice on wonderland ", a " facebook" youtubish kind of "happiness", an absolute representation of poor spirits, abuse and mere showoff of easy money, lack of respect for basic human rights and a very " Disneyland " meets Vegas kind of place.

    • @aprilgrant1957
      @aprilgrant1957 10 місяців тому +30

      ✋️ We are a Club. Let's get jackets.

    • @curiousworld7912
      @curiousworld7912 10 місяців тому +4

      @@aprilgrant1957 Ha! :)

    • @mukunimulundika5359
      @mukunimulundika5359 10 місяців тому +19

      Well said. It's a grotesque, crass show of tasteless wealth to a sickening degree.

  • @merlinsreturn
    @merlinsreturn 10 місяців тому +100

    Wealth whispers. Money shouts. Class is quiet. Crass is loud.

    • @kellicoffman8440
      @kellicoffman8440 10 місяців тому +4

      You are so right real OM don’t flaunt it

    • @incognito7350
      @incognito7350 9 місяців тому +1

      Pin this

    • @weeklyupdate5898
      @weeklyupdate5898 8 місяців тому

      So true

    • @LUo98
      @LUo98 8 місяців тому +2

      My dear its called snobby!

    • @hotmess9640
      @hotmess9640 8 місяців тому +2

      I promise you Dubai’s upper class is very wealthy, might seem like they’re over the top but thats just to draw in tourists. You don’t even see Emiratis out and about in Dubai, just the exploited class

  • @2ndviolin
    @2ndviolin 10 місяців тому +159

    Once upon a time, old money was new money.

    • @NoctLightCloud
      @NoctLightCloud 8 місяців тому +1

      nah that's not it😂

    • @fatemad4012
      @fatemad4012 8 місяців тому +6

      ​@@NoctLightCloudwhat is it then?

    • @NoctLightCloud
      @NoctLightCloud 8 місяців тому +8

      @@fatemad4012 did you even watch this video? Most of NM will never be able to blend into OM, because the NM people blasted their wealth all over the media, while OM folks don't want their wealth to be known - they'll thus not want to have any association with NM folks. (Also, OM established their wealth over generations, fostering a naturally evolved mindset. You can tell by looking at the behaviour of the new Chinese millionaires when visiting Europe vs Old Money Europeans in Europe. Heck even OM Chinese vs NM Chinese.)

    • @fatemad4012
      @fatemad4012 8 місяців тому +4

      @@NoctLightCloud I understand my family is the old money also but my father don't have of it because we couldn't inherited it but we are trying to built new money but I like old money behavior

    • @sirhandxb7331
      @sirhandxb7331 8 місяців тому +2

      Spot on.

  • @simplemind7
    @simplemind7 10 місяців тому +145

    Although, I prefer Old Money's ways. I understand why New Money behaves the way it's behaving. Since OM has already established its closed, discrete private social circle and NM knows this, so what's the point of trying to establish connections with an OM family? NM just has set the trend for this new generation, and at some point, OM were NM flashing their wealth in their own ways.
    Traveling is one of my hobbies, but I'd rather visit Elisha's cave or King David's tomb than Dubai, I am a bit tired of being surrounded by empty voided vain people.

    • @asjaosaline5987
      @asjaosaline5987 10 місяців тому +4

      Well if New money cant get in OM, why not create they own OM, but instead they behave like ....

    • @akinwumiakindahunsi7254
      @akinwumiakindahunsi7254 9 місяців тому +4

      ​@@asjaosaline5987Probably 'cause "Old money" is old and "New money" new?

    • @effexon
      @effexon 8 місяців тому +3

      I thought internet is convenient way to reach new business for more introverted people to grow business.... previously that wasnt around but nowadays it is. Not a full replacement to meeting people real life(to keep as human) but helps avoid those voided people exposure.

  • @aninda2457
    @aninda2457 10 місяців тому +31

    I see Dubai more as an investment destination or a connection to the world. Even old money is deeply invested in Dubai in some way or the other.

  • @oleggeraschenko4932
    @oleggeraschenko4932 9 місяців тому +29

    I have been to Dubai - my travel and accommodation costs were completely covered by my tax return. Most of all I enjoyed Dubai Green Planet - it made me feel happy as a child. I else enjoyed swimming in the gulf with tropical fish and wearing those white Arab clothes

  • @karstenvoigt7280
    @karstenvoigt7280 10 місяців тому +66

    Dubai is for people, who want to be seen - and who you don't want to be seen with. People, who aren't welcome at places, that you can't just buy yourself in. And I think, it's good, that they have a place, where they can go. And even better, that it's nowhere near the places, I prefer to go to.

  • @TarrelScot
    @TarrelScot 10 місяців тому +17

    I've no doubt there is an "old money" network among the Emiratis, much of which probably plays out in the desert.

  • @alter3go411
    @alter3go411 8 місяців тому +24

    There is just nothing more embarrassing and confronting than having a self made billionaire asking an old money millionaire how they "made" their money. That's all there is to it.

  • @juliadplume3097
    @juliadplume3097 10 місяців тому +46

    I have never been to Dubai, but I had a friend who got a teaching job there . She had to apply for a permit to be able to drink alcohol. I believe she was only there for 6 months, the kids she was teaching were extremely spoiled pain in the butts and she hates it.

    • @purplelove3666
      @purplelove3666 10 місяців тому +7

      Dubai is in a Muslim country, Alcohol shouldn't even be legal

    • @2967575
      @2967575 10 місяців тому

      Bullshit permits have been cancelled more than 12 year’s ago and if shes none Muslim she doesn’t need one it was only made for muslims and even at the time of the permits no one checked and cared to be honest

    • @dragonswrath276
      @dragonswrath276 10 місяців тому +10

      It is an Islamic country and by the way this should be beneficial to your alcoholic friend to come to her senses

    • @juliadplume3097
      @juliadplume3097 10 місяців тому +9

      My friend is not Muslim but loves to teach and was initially genuinely excited about the opportunity to to have a teaching position in Dubai. The drink permit was an interesting but small speed bump at worst, she is intelligent and understands cultural differences well enough. She just likes the occasional pint of beer or two which is especially refreshing on a warm day-that is part of her culture if you can wrap your mind around that concept. What really compelled her to resign early was because the students were extremely spoiled and difficult to impossible to teach, and to her surprise saddened when she announced that she would be leaving Dubai. They really loved her but…she took her job seriously and needed to succeed at it and was unable to get cooperation and support.

    • @2967575
      @2967575 10 місяців тому +3

      @@juliadplume3097 whatever you say , she doesn’t need a permit 😂i think your friend is the spoiled one that thought she could be pampered and covered by brands and jewellery once she starts working here.

  • @Jic182
    @Jic182 10 місяців тому +10

    Dubai needs to be that way to be seen and heared.

  • @Gibsoneer
    @Gibsoneer 10 місяців тому +49

    Things keep changing, at an ever accelerating pace. Industrial steel production no longer drives generational wealth like it once did. The last 5 mins of this video are probably of most value. Thanks for constantly putting information like this together 🙏🏻👍🏻

    • @sanatabite9321
      @sanatabite9321 10 місяців тому +11

      I could not watch the whole video. I love this channel. But today… I could not listen to more of this. .. yes Dubai does not have the same Harvard and old Museum that you video creator have in Boston or NewYork.. but Dubai is working hard to be with the bright side of the world, with art and culture not with radicalism or darkness ideologies, example. They just opened a new Opera house 4 years ago where I watched Swan Lake ballet last week. So in Dubai they are working hard. I want to tell you: only 400 years ago America was not a thing, and had no history and no museums… and people from Europe used to talk about US like you are now talking about Dubai. Bu the way, there is Louvre Abu Dhabi open already in UAE and Gogenheim is coming soon… why do u think these museums are selling franchise to Dubai and Abu Dhabi? Because old money needs new money to survive. Lastly. I m not from Dubai but I lived here 15 years and lived in US 2 years and I love both. Please stop belittling nations… and appreciate hardwork please. Thanks

    • @dinofabrizzi2116
      @dinofabrizzi2116 9 місяців тому

      ​@@sanatabite9321Absolutely agree !!😊😊😊😊

    • @fatemad4012
      @fatemad4012 8 місяців тому +1

      But they are base without them you couldn't have even google

  • @proman1926
    @proman1926 8 місяців тому +12

    Old money is a very exclusive club. No amount of hard work or decorum we get you into that club.

  • @johnrath1324
    @johnrath1324 10 місяців тому +18

    My uncle was an friend and business advisor for the head of commerce in Dubai. He said it is just a tourist attraction with nice weather in the winter for some people. Yes, he sailed on his big yacht and stayed at the palm hotel.

    • @2967575
      @2967575 10 місяців тому

      Nice Bullshit 😂

    • @sheila-we7em
      @sheila-we7em 8 місяців тому +2

      Nice weather? it's positively unbearable weather, you have to spend most of your time in a AC environment.

    • @2967575
      @2967575 8 місяців тому +1

      @@sheila-we7em well same stuff in every country could you live in Siberia without heating and jackets?

  • @SuperCapuka
    @SuperCapuka 10 місяців тому +9

    Show me someone from old money that walks in Totenham at 3am without security guards and talks to the locals and i will rest my case. Dubai is the only place that old money can trully walk freely without having security guard or looking over their shoulders. Love the content!

    • @borninsoho9710
      @borninsoho9710 8 місяців тому +1

      True .... “old money” is scared to walk in old money places... Dubai is the place where they can walk

    • @maximum8
      @maximum8 8 місяців тому

      True - and even the Rothschilds take vacations in Dubai. Lot's of OM people in Dubai these days.

  • @mikhail5647
    @mikhail5647 10 місяців тому +50

    In 100 years you would refer to Dubai as old money, New York used to have somewhat similar reputation back in the day I think

    • @thequeenmidas
      @thequeenmidas 8 місяців тому +3

      Exactly. I share this sentiment.

    • @sebastian3004
      @sebastian3004 8 місяців тому

      You mean British people looked at it like that rich fat lady on Titanic? Rich but no class?

    • @LadyMontane
      @LadyMontane 8 місяців тому +11

      True that. Many of today's American Old Money families originated during the Gilded Age, and they based their style in what they gathered from observing the European aristocracy, who, in turn, perceived them as nouveau riche. This all is very cyclical.

    • @fatemad4012
      @fatemad4012 8 місяців тому

      Unless oil money will run out then Dubai couldn't create more wealth at least america with innovation and technology use that old money to create even bigger money

    • @thequeenmidas
      @thequeenmidas 8 місяців тому +2

      @@fatemad4012 Oil is less than 10% of Dubai's GDP lately

  • @zeekhan7209
    @zeekhan7209 8 місяців тому +22

    I grew up in Dubai in the 60s through to the 80s…it was where the traditional Arab values were seen in everyday activities
    Sadly that was all swept away in it’s rush to embrace new money and new investments
    I still go as both my parents are buried there, but I stay in the old part of town and try to ignore the new growth!

    • @user-nf7bl7mb5q
      @user-nf7bl7mb5q 8 місяців тому +4

      Pakistani?

    • @peterkorek-mv6rs
      @peterkorek-mv6rs 8 місяців тому +2

      This was interresting and iinformative.

    • @VBoo459
      @VBoo459 8 місяців тому

      what?, NO TO PROGRESSION! NO to the improvement of the world.

  • @jason4275
    @jason4275 10 місяців тому +31

    These videos always reminds me that being poor sucks.

    • @BatkoNashBandera774
      @BatkoNashBandera774 8 місяців тому

      You learn things when you come from previously noble families who may or may not have lost their status: even a poor man can have more class than these buffoons. These goat herders prove the maxim that no matter how much money you throw at the donkey you cannot force it to become a bull. It's a cry for attention, collectively, and anyone with three brain cells is off-put by their desperation. Multimillion dollar beggars, these goat herders. Put a camel in a Rolls Royce, all you end up with is a dirty Rolls Royce.

    • @somalijecel18
      @somalijecel18 8 місяців тому +1

      Do something about it

    • @mencelucifer9268
      @mencelucifer9268 8 місяців тому

      ​@@somalijecel18what kill people

  • @m.s9146
    @m.s9146 10 місяців тому +18

    My understanding as well. A place to visit for shopping and to see once or twice but not a place to make a part of your routine. It’s too easily available and touristic.

  • @CodingExpress
    @CodingExpress 10 місяців тому +12

    Dubai is just a huge shopping mall. Shoppers are all strangers, and at the 'end' of the day, everybody goes home

  • @vevespears
    @vevespears 10 місяців тому +10

    My goal is to visit as many places in the world as I can, not to focus what OM ppl think or not, I’m not OM people so it doesn’t matter, but love the content and it’s nice to have this information

  • @LorienHamilton
    @LorienHamilton 10 місяців тому +1

    Another wonderful video. The insight and detail is amazing, how did you learn this stuff ?

  • @TarrelScot
    @TarrelScot 10 місяців тому +13

    I'm not sure why so many of these vids about Old Money show clips from Succession as a backdrop. Logan Roy and his family are the epitome of Nouveau Riche rather than old money. Yes, in the show he married an English semi-aristocrat, but there's certainly no upper class lineage in his own family background. Unless they practised the ultimate in stealth-wealth and specifically chose to live on a council estate in Dundee!

    • @janebaker966
      @janebaker966 10 місяців тому +2

      That would be stealthy!

  • @user-ec9xh4gy7m
    @user-ec9xh4gy7m 10 місяців тому +26

    Dubai is a caricature of Las Vegas.

    • @sanatabite9321
      @sanatabite9321 10 місяців тому +1

      Think again, but after visiting Dubai …

    • @katastrafika5253
      @katastrafika5253 9 місяців тому +1

      They have no gambling 🤷‍♂️

  • @tamara6941
    @tamara6941 8 місяців тому +16

    I've flown through Dubai twice, but didn't stay in the city. People were kind, respectful and treated me well. I never ran into any problems. I wasn't sure what I expected (I was a bit nervous as I was travelling alone, but everything was fine). I heard that it was wise to dress modestly when you're travelling through there, so I did.

    • @VBoo459
      @VBoo459 8 місяців тому +1

      You should stay next time, it’s really lovely there

    • @tamara6941
      @tamara6941 8 місяців тому

      @@VBoo459 Thanks. I might do that. :)

    • @branflakee4257
      @branflakee4257 8 місяців тому

      American women over there definitely dress like escorts lol and nobody bats an eye

    • @keepwondering_
      @keepwondering_ 13 днів тому

      you are probably white, wherever you go you'll probably be on the good side of treatment and especially in a place like Dubai

  • @BabbleBot-ps4fr
    @BabbleBot-ps4fr 8 місяців тому

    Great Video!

  • @thalessilva1
    @thalessilva1 10 місяців тому +1

    Great video keep up with the content

  • @nicoleweldon8876
    @nicoleweldon8876 10 місяців тому +9

    Dubai doesn't appeal to me, But that may be because I live in Las Vegas so I'm used to seeing dust storms and Lamborghinis. If money was no concern I'd love to holiday at Lake Como or Saint Tropez.

    • @EricaYE6
      @EricaYE6 10 місяців тому +3

      lol "Dust storms and Lamborghinis". Vegas in a nutshell. 😂

  • @76Macadamia
    @76Macadamia 8 місяців тому +5

    When it comes to Monaco his narrative changed... Some folks just know how to down grade places that are just not the west.

  • @annc560
    @annc560 10 місяців тому +91

    Old Money invests in real estate by giving loans to the one who owns it. When they can't pay it back, Old Money swoops in and takes it. Dubai was given loans to build the city while crude oil was maxing out. The rug was pulled out from under them when the price dropped to $50 per barrel.(price of crude oil starts in NY, not OPEC) Dubai, couldn't pay the loan back and Old Money families were ready to collect. However, Dubai went to their arab brothers and together - several arab countries paid back the loan - and the Old Money families were unable to take the city. That's why they hate Dubai. They lost the bet.

    • @Tee55118
      @Tee55118 10 місяців тому +8

      I never thought of it this way. But I still see Old Money Western names: Armani, J.W.Marriott, Sofitel, Waldorf-Astoria, et al. I think it's for the Old Money designers and hoteliers, and not for the Old Money bankers, investors, doctors, teachers, and artists.

    • @DennisMHenderson
      @DennisMHenderson 10 місяців тому +7

      "lost the bet" even though the arab countries were given permission to pay back the loan by who? & who invented their petrol business/scam & gave them the market in the first place?

    • @annc560
      @annc560 10 місяців тому

      You give them market, with your rules, so they will build it, and then you take it away when a rule is broken. (which you knew it would be). They (TPTB) do this all over the world. South America, Africa, where ever they want a foothold. If you live long enough, & know what to pay attention too, you will see it in real time.@@DennisMHenderson

    • @sanatabite9321
      @sanatabite9321 10 місяців тому +11

      @@DennisMHenderson oh my God. Who invented the petrol business? Please, no human has ever given oil or gold mines or Phosphate business to another human for free… it s nature, natural resources, (it s God… ) and companies who helped locate and extract these resources they monopolised exploitation for themselves with contracts of 30 years and beyond…. Colonialism is over.

    • @DennisMHenderson
      @DennisMHenderson 10 місяців тому +1

      @@sanatabite9321 what the fuck are you talking about? if this wasnt tagged with my alias then i would have assumed you were talking to someone else because it has nothing to do with what i said. your assumptions of what i meant are hilarious though. sounds like you are a standard googlite that got its "education" on the mainstream pseudo web & are trying to signal your 'significance to other bots

  • @dimmacommunication
    @dimmacommunication 10 місяців тому +7

    Problem of Monaco isn't the flashyness but the size , very small.

    • @kellicoffman8440
      @kellicoffman8440 10 місяців тому

      Never forget Monaco 🇲🇨 had princess grace to class up the place

    • @temaswati-dlamini
      @temaswati-dlamini 10 місяців тому

      ​@@kellicoffman8440 I would rather say grace Kelly made 🇲🇨 commercially famous. It already had class with it being the home to one of the oldest dynastic monarchs

    • @kellicoffman8440
      @kellicoffman8440 10 місяців тому

      @@temaswati-dlamini point taken she sure did make it famous. I was thinking of the princess grace foundation and her work with the arts 🎭

  • @BethVonBlack
    @BethVonBlack 8 місяців тому +6

    As a working-class Brit living in Dubai, this video is what I'd imagine it is. I've only ventured into the 'Rich' part of town once while I've been here but I'd sure like a piece of that NM pie. I'd also love to be OM but we can't all get what we want.

  • @samsmith3968
    @samsmith3968 8 місяців тому +9

    I've lived there for 7 years, and loved it!
    I made over $200k, tax free, clean in my pocket.
    The country is very clean, people are nice, respectful, and most of all it's safe.
    The country is a no none sense country. If you cause a scene, you go to jail! Being a Karen is illegal over there. Very civilized place.
    My company moved back to Florida, and we had to return.
    I sure miss it.

    • @jeunejaegerx3458
      @jeunejaegerx3458 8 місяців тому +3

      It’s not a country

    • @fatemad4012
      @fatemad4012 8 місяців тому

      It has less population so of course it will be safe when they have hundred milions you can say if they will success or fail

    • @samsmith3968
      @samsmith3968 8 місяців тому +3

      @@fatemad4012 There are plenty of small countries with high crimes, your point is void.

    • @samsmith3968
      @samsmith3968 8 місяців тому

      @@jeunejaegerx3458 I am reffering to UAE. Use your brain cells

    • @fatemad4012
      @fatemad4012 8 місяців тому

      @@samsmith3968 they don't have oil or resources it's not a proud when everyone has wealth or resources there will be no crime it's obvious

  • @professorhamamoto
    @professorhamamoto 8 місяців тому +3

    I'd like to teach there for one year as a visiting professor.

  • @Richardsonprincess00
    @Richardsonprincess00 10 місяців тому +17

    Old money people think UAE is nothing but new money playground where new money people vacation. People are old money says: "We're not stepping foot at Dubai, it's disgust of new money people!"

    • @DennisMHenderson
      @DennisMHenderson 10 місяців тому

      it IS a cesspool for try-hard's to lose their credibility & dignity by consent. Becoming an attempt at a west coast USoA Mimic in itself is damning enough

  • @FletcherFinance
    @FletcherFinance 10 місяців тому +6

    Another wonderful video.

    • @oldmoneyluxury
      @oldmoneyluxury  10 місяців тому +1

      Thank you! Cheers!

    • @2967575
      @2967575 10 місяців тому

      @@oldmoneyluxuryfrom where did you gather your shitty information?

  • @JacobschildWhiskey
    @JacobschildWhiskey 10 місяців тому +4

    That would be a good idea for a new video “OM was once NM” how to establish the OM traditions, heritage, etc

  • @Milly5288
    @Milly5288 10 місяців тому +1

    Great video. Everywhere you go there’s pros and cons

  • @EricaYE6
    @EricaYE6 10 місяців тому +23

    Dubai comes off as a place for jerks who are trying way too hard to look cool. It's corny to me. It's never appealed to me whatsoever. Plus, it's way too darn hot there. I can sweat right here in Georgia. I don't have to go to Dubai.

  • @Z369.
    @Z369. 8 місяців тому +2

    One of The richest persons that build Dubai lives in Europe and doesn’t want hear about Dubai. However, family runs the business in Dubai, but not the actual owner.

  • @talkingfingers
    @talkingfingers 10 місяців тому +2

    Depending on your age, old songs are the best but to the young ones they are boring. Dubai is like a new song for the new money generation. That’s their niche.

  • @goldreservegroup7791
    @goldreservegroup7791 7 місяців тому +3

    I’ve been to Dubai twice. I love it. The people are very friendly, but what I enjoyed most was the feeling of safety and security I’ve never experienced in any other city.

  • @benhartart9487
    @benhartart9487 8 місяців тому +2

    Apparently the construction workers have too give up their passports when employed…
    This is a huge red flag.
    And they earn as little as $500 USD per month for their hard work…😢

  • @BenDover-kq7rl
    @BenDover-kq7rl 9 місяців тому +7

    So I agree with all the points bc I tend to operate the same way but in my tax bracket(Old Middle Class Money). I'm an introvert and conservative so I respect the way they carry themselves. But being from "old money" is only respected in countries without class mobility. Today its more impressive to be "independently wealthy" bc you earned your wealth bc of YOUR success. "old money" is almost embarrassing, you're wealthy but not successful there is difference. These days its more about how you spend the wealth YOU earned with "class." So Dubai's wealthy lack "class"

    • @olgagrinchak5029
      @olgagrinchak5029 8 місяців тому +1

      Agree with you! Best comment ever! I don't care how much your parents have if you by yourself achieved nothing.

  • @tracywilliams7929
    @tracywilliams7929 10 місяців тому +3

    My Prep school has a branch in Dubai: it is among the first to have so. Our Chancellor is very forward looking so I wouldn't discount the UAE just yet ...

  • @d3r3kyasmar
    @d3r3kyasmar 10 місяців тому +3

    Just remember. You cant criticize the people on top.

  • @User-sl4kg
    @User-sl4kg 9 місяців тому +2

    The same "old money" that most likely have some business registered there and make money in Dubai

  • @kaseyawilson
    @kaseyawilson 9 місяців тому

    Again, I have my notebook out and taking notes like I'm in school.

  • @stephenclayton5129
    @stephenclayton5129 10 місяців тому +19

    I recall back in 2000 a work colleague told me he was going on holiday to Dubai, and I thought why would you want to go on holiday to a place like that. There is no history, culture, art. That was over 20 years ago and the other day another colleague said he was going on holiday to Dubai. I am perplexed. I may not be Old Money but I share Old Money feelings.

    • @georgemccarten2706
      @georgemccarten2706 10 місяців тому +5

      A shopping mecca for shallow consumers.

    • @dr.perfectsmile4175
      @dr.perfectsmile4175 9 місяців тому

      Why do all the imbeciles go to Las Vegas?? It’s a huge 💩💩💩 compared to Dubai🤷‍♀️

    • @juisss
      @juisss 7 місяців тому

      NewYork had no histoy culture art when it was founded too

  • @leas7830
    @leas7830 8 місяців тому +3

    I don't like to visit in Dubai, I have read too much how foreign workers are treated as slaves, porta potties etc. Disgusting.

  • @thequeenmidas
    @thequeenmidas 8 місяців тому +3

    Dubai is the new Monaco of old. Today's old money is yesterday's nouveau riche and their playgrounds were the likes of Monaco back then. So in the end, there is no real difference except the benefit of time.

  • @whatevergoesforme5129
    @whatevergoesforme5129 10 місяців тому +12

    Old money used to be new money. I don't like the behavior of new money but if you research old money, then you will see they all came from new money and they behaved like new money then. Even the ancestors of royalty/nobility/gentry of each country had to go to war, grab lands within their country, colonize other countries, steal riches of other countries and even their own countryfolks to be able to enrich themselves.
    That is why we have the term "spoils of war" or confiscation of properties, and it has always been this way all over the world for the centuries. Human history has always been very bloody. Power and wealth go hand in hand and that is why the rich are influential.
    The old rich now may seem more cultured and less uncouth but you don't know what is going behind the scenes for them to retain their power, wealth, and influence. There are people doing their dirty work for them even though it may not be as bloody as before.

  • @mattanderson6672
    @mattanderson6672 8 місяців тому

    I agree, thank you

  • @ellebassa9288
    @ellebassa9288 10 місяців тому +4

    It's the flashing version of New York that doesn't showcase any of it's history the same way other old money cities do.

    • @sanatabite9321
      @sanatabite9321 10 місяців тому

      You are mislead dear people. You should listen what Trump has said about infrastructure in DUBAI compared to US….

    • @ellebassa9288
      @ellebassa9288 10 місяців тому

      @@sanatabite9321 Well, in any time that Dubai has been depicted in the media, it has been depicted as a have a modern innovation. It does not feature its history very much. That's all I said.

  • @Michael-wr1yy
    @Michael-wr1yy 10 місяців тому +5

    Its very interesting how it is maturing. 1st visited in the 1980s before it became uber bling and it was fascinating but equally fascinating now for its massive change. What is more interesting to me is how Saudi Arabia is transforming.

    • @2967575
      @2967575 10 місяців тому

      And the rest of the world is going backwards interesting indeed

  • @adb007........2
    @adb007........2 10 місяців тому +3

    Whats with the poor people complaning about a place they cant even go to 😂😂😂😂

    • @buravan1512
      @buravan1512 8 місяців тому +1

      POOR PEOPLE also visit DUBAI, they pay 15 bucks and sleep in a dorm, there are many different classes, from 15 bucks to 15000 usd/ a night, depending on your ability.

  • @seltexmx
    @seltexmx 9 місяців тому +2

    Have zero desire to visit Dubai. London or Monaco are preferable. Very insightful video, well presented. Thank you.

  • @Aarsha-cv9lh
    @Aarsha-cv9lh 3 місяці тому +1

    Those who criticize new money should understand that "New money"is waaaay better than "no money" 😂😂😂

  • @kadinyazarsa835
    @kadinyazarsa835 6 місяців тому

    I had a friend from Dubai once. She was born and raised there. We met in London. She looked down on everybody who had a job to maintain. She had never worked in her life. She had a master's degree in Arabic Literature but did nothing with it. She claimed to be an author but produced only one little book that contained seven short stories. As you can see, easy life is a curse.

  • @tiusernamenabalw
    @tiusernamenabalw 10 місяців тому +11

    Dubai is one of the last remaining places to allow for class mobility and help people make money. Old money certainly hates that

    • @borninsoho9710
      @borninsoho9710 8 місяців тому +1

      I live in Dubai.... and its true what you said. Very wise 👍

    • @vanhuvanhuvese2738
      @vanhuvanhuvese2738 8 місяців тому

      can you get citizenship? are you treated as a local are the laws fair ? .I think a talented person can still rise anywhere including politically where its not even an option in Dubai.

  • @mfmf100
    @mfmf100 8 місяців тому

    I was very impressed by the Louvre there, though it’s closer to nearby Abu Dhabi

  • @alfiecat9288
    @alfiecat9288 8 місяців тому +1

    Never again, the place is a mirage, nothing is as it is . . .

  • @wichita603
    @wichita603 9 місяців тому +2

    I am of no money class and I still have no need to dream of Dubai. It's hot as Hades there. Not my idea of a good time.

  • @mollyjonesreacts
    @mollyjonesreacts 10 місяців тому +1

    ”It will be dull, but not uncomfortable” comes to mind.
    History is a funny thing & yes, I have been to Dubai - 25 years ago. I’m not about to start commenting here on what I see happening & why.

  • @miguelgonzalez6213
    @miguelgonzalez6213 6 місяців тому +1

    Isn't #1 kind of a contradiction?
    Most of the families with wealth in Dubai, Abu Dhabi, Kuwait City, and other modern metropolitan centers in the Middle East are most definitely generational wealth and power brokers. Even when they were just nomadic sheikhs in the desert, they were the wealthiest sheikhs in the desert and worked hard to ensure their children inherited their lands, power, and wealth. I don't see where that is any different than what those from Europe, Asia, and America do in that regard. 🤷‍♂

  • @texasbuzzard4970
    @texasbuzzard4970 10 місяців тому +3

    I’ve always hated Dubai. Guess I must be old money

  • @Tonilategola
    @Tonilategola 8 місяців тому +2

    New money don't care what old money thinks.

    • @buravan1512
      @buravan1512 8 місяців тому

      the message is to say indirectly that, every Wes#erner should be avoiding to visit DUBAI,

  • @LoveMyCoffee10
    @LoveMyCoffee10 10 місяців тому +8

    I thoroughly enjoyed this video, it is quite accurate. Flash can be vulgar i.e. Dubai, Miami, Monte Carlo, L.A, etc.
    Great video ... thank you!

    • @dimmacommunication
      @dimmacommunication 10 місяців тому +2

      Monaco is for tax savings and safety , super safe place.

    • @LoveMyCoffee10
      @LoveMyCoffee10 10 місяців тому +2

      @@dimmacommunication In 2011, there was a multiple car crash involving a Bentley Azure, a Ferrari, Aston Martin Rapide & my favorite, a Porsche 911...
      😂😂😂. Only in Monaco

    • @oldmoneyluxury
      @oldmoneyluxury  10 місяців тому +1

      Glad you enjoyed it!

    • @dimmacommunication
      @dimmacommunication 10 місяців тому +1

      @@oldmoneyluxury the crash or the video? 😜

    • @LoveMyCoffee10
      @LoveMyCoffee10 10 місяців тому +1

      😂

  • @ThePricklyash
    @ThePricklyash 10 місяців тому +2

    The Harvard of Dubai is NYU. But I see your point

  • @JohnDoe-ll9uh
    @JohnDoe-ll9uh 8 місяців тому +1

    sounds like you are talking about old Anglo money families

  • @hhkk6155
    @hhkk6155 8 місяців тому +5

    Dubai serves it purpose: low taxes, financial hub, great base for modern international business

  • @TheScentConnoisseur
    @TheScentConnoisseur 8 місяців тому +1

    OLD money was once NEW and did the same shyt!

  • @madalinajipa1655
    @madalinajipa1655 8 місяців тому +1

    So basically "old money" wants the rest of people to stay poor and depending on the old money way of life, imposed on the rest of us...

  • @scottsandmeyer
    @scottsandmeyer 9 місяців тому +2

    I understand that many of the islands constructed for the wealthy before 2008 are still unoccupied, as are the high-rises. What will become of these places, if they are not turned to a profit soon? Known people who have visited but have no desire to. One overdone shopping mall, it seems.

  • @bradleyadams4496
    @bradleyadams4496 10 місяців тому +17

    I like the British developments in Dubai far better than the Chinese developments in Malaysia.

  • @mezza001
    @mezza001 8 місяців тому

    The clips with Tom Hanks are from which movie?

    • @sbella6719
      @sbella6719 8 місяців тому

      A Hologram For The King (I think)

  • @arieltheisen9325
    @arieltheisen9325 6 місяців тому

    Hello, I just wanted to offer some food for thought. I am a lower class American who married into a middle class Arab family. Although my husband's family is not profoundly wealthy, they have many of the same values that Euro-American old money families do. In fact, these values are relatively common among Arabs in general.
    Maybe the problem when Euro-American old money families go to Dubai (or anywhere in the Middle East) is not that their values do not exist there, but that they are unable to communicate with the people who have those values.

  • @JoostEurovisionFans
    @JoostEurovisionFans 8 місяців тому +2

    The OM people also started with lavish houses and glitter. They changed because Europeans common people turned against the elite. That is why they prefer to hide. Not because of good morals. 😂

  • @fayesortor7117
    @fayesortor7117 10 місяців тому +3

    I am not old money but I have no interest at all in such a fake and tacky place

  • @VBoo459
    @VBoo459 8 місяців тому +1

    Oh I loved Dubai. I judged it so hard until I actually went there. I wouldn’t necessarily live there (too much going on), I prefer the quieter areas of Abu Dhabi and Sharjah but Dubai really is gorgeous.

  • @kerrytakashi12
    @kerrytakashi12 10 місяців тому +13

    Dubai doesn't bring anything to mind except for big glass buildings that look the same as any other in any other city.
    Its built on major fault lines. So one bad earthquake will have the sand and water shaking like jelly.

    • @BethVonBlack
      @BethVonBlack 8 місяців тому

      According to a simple google search, Dubai is on very stable ground.... (all built on sand, but you know what I mean)

    • @kerrytakashi12
      @kerrytakashi12 8 місяців тому

      @@BethVonBlack fault line runs right past it in the water. If it shifts Dubai and the surrounding coasts are under water. Never say never.

  • @BigAirDropper666
    @BigAirDropper666 9 місяців тому

    Because it screams “look at me” I am also here 😂
    (Written before the video started)

  • @davidgauthier6687
    @davidgauthier6687 2 місяці тому

    Irving Family which is also a powerful family in the maritimes (East Canada)

  • @JERios-wv8lx
    @JERios-wv8lx 8 місяців тому +1

    I was told that if by any chance some day i'm at a short distance from the Burj Khalifa, and see a very long caravan of trucks in front of the building and, can't figure out what is going on.....The answer is that they go to the building to collect human excrement and used waters this landmark building has generated! It's that true? In that case, i don't understand how the engineers and architects who designed it could forget such an elemental thing as a sanitary system!😅

  • @xtxt9135
    @xtxt9135 10 місяців тому +2

    Hard truth is a pig with $100 million dollars is still a pig.

  • @mpazinambao2938
    @mpazinambao2938 8 місяців тому

    'Crass', that's the perfect word.

  • @hiddenname9809
    @hiddenname9809 7 місяців тому

    It's the shameless, tactless, tasteless display of wealth. Some people have a mentality that just because they got money, that is enough. How you carry and present yourself matters.

  • @akultisgod5538
    @akultisgod5538 8 місяців тому +1

    7:59 they all look exactly the same!!! 😮😮😮😮😮😮😮😮😮😮😮

  • @fourelements3999
    @fourelements3999 3 місяці тому +2

    Criminals love to move their money to this place

  • @Agneschloe
    @Agneschloe 9 місяців тому +8

    Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?

    • @cooperangel1481
      @cooperangel1481 9 місяців тому

      Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong

    • @rabefalanse9250
      @rabefalanse9250 9 місяців тому

      ​I'm a huge fan of crypto, I hold few coins in my wallet, while I trade the rest with my Expert, Mrs Janet She's really Good

  • @brianburke4756
    @brianburke4756 10 місяців тому +5

    I've never been to Dubai. I'm not wealthy. I'd be considered, at best, Middle-class here in the USA, living in Illinois. I'm reluctant to travel to any location where English isn't the primary language. Also, I'm openly gay, and there are a lot of areas that are even less accepting and tolerant of gay men than the USA. I wouldn't want to risk traveling there. I'd love to visit England, Greece, and Sweden, but not Dubai. When the oil runs out, the rich in the Middle-East might very well be screwed.

    • @adb007........2
      @adb007........2 10 місяців тому

      😂😂😂😂

    • @BethVonBlack
      @BethVonBlack 8 місяців тому +1

      I feel really sorry for people who are too afraid to leave the comfort of their home and experience other cultures simply because they don't speak the language. The beauty of life is that humans can communicate in myriad ways. I'm a Brit and ashamed to say I only speak English with a smattering of French. I've visited places that speak Icelandic, Hindi, Russian, Arabic, Mongolian, Japanese, (and many more) and I've lived to tell the tale. Honestly, the world isn't as scary as you think; I implore you to explore it. It'll make you a better person.

  • @nette4307
    @nette4307 7 місяців тому

    Interesting: with a crisp British accent, we're informed that data collection in Dubai is extensive, and that cameras are ubiquitous. London is THE city to visit to be caught on camera.

  • @mina_ophelia5067
    @mina_ophelia5067 9 місяців тому +4

    I hate Dubai, it's an offensive , tawdry , unethical and the most contaminating place in the world. The destroy an entire ecosystem to build this horror of concrete! Fake island, fake environment and too much opulence exhibited with excessive grossness. I had the occasion to go to Dubai for a summer vacancy , but we preferred the elegance and historical beauty of Portofino or Lake of Como. I don't like fake things!

  • @masterarthius8752
    @masterarthius8752 8 місяців тому +2

    Ok, so the Illuminatti hate Dubai, got it.

  • @carsonc6659
    @carsonc6659 10 місяців тому +1

    Tacky

  • @elizabethjulianah
    @elizabethjulianah 5 місяців тому +1

    Old money was once new money. The place will settle down in a few decades and hopefully the exploitation of the workers will stop. Most old money started with exploitative practices! So hyping old money doesn't wash

  • @MissAngie25
    @MissAngie25 8 місяців тому

    I’ve been to Dubai airport.

  • @antonius_006
    @antonius_006 2 місяці тому

    Education is fundamental and expensive.

  • @samisilverman7272
    @samisilverman7272 10 місяців тому

    I assume like everything else there marriages and relationships happen with the intention of fast replacement instead of continuation