Bank fraud is a crime pretty much everywhere. Leaving a country with debt is not an internationally recognised crime and therefore, interpol cannot be used. If you were to be held as a result of a "red notice", extradition to Dubai will not be enforced as the crime must be recognised by both countries. Dubai has been flagged in the past for abusing the use of interpol and red notices before. In 2017, any debt under 200,000 AED has been re-categorised as a misdemeanour and no prison sentence can be passed.
https://www.fairtrials.org/news/end-dubai-debt-sentence