https://www.forbes.com/sites/chriswr.../#4f54a59b4b90
. It came within a whisker of sovereign default at the end of 2009 - and, even if there was no technical default, still plenty were burned by the debt restructuring that followed in 2010 - while towers were left unfinished and expats abandoned their sports cars at Dubai Airport in order to get out of the country rather than suffer the consequences of being a bad debtor in the United Arab Emirates.
As humanity is notoriously bad at seeing the next crisis coming,other than by looking in the rear vision mirror, one might be inclined to ask is the UAE insulated for the yet to emerge crisis that history shows us, people never see?