DUBAI... a fallacy???

In the past decade Dubai undertook spectacular real estate projects to re-invent itself as a tourism and finance hub. Dubai's population rocketed to 1.5 million, as professionals from around the world took plum jobs in a country marketed as a liberal enclave in the Gulf sun.
However, Dubai's debt troubles have exposed the fallacy of its once much-vaunted "model" of raising shining cities in the desert with foreign residents, finance and labour.