Well, OMDB-Pilot, I guess you didn't read the article. A relatively small part of it is about the financial crises, the vast majority is about the sickning society that is Dubai - from the arrogance and tyranny of the locals and the government, over the utterly dispicable behaviour of its alcoholic expats and tourists, through the despair of the downtrodden and enslaved workers who build the place, and to the complete disdain for nature and sustainability which that sad, sad city-states exhibits.
It's gone from nothing to where it is today in 50 years. One can only hope that in another 50 years the desert will have taken back that hideous place, this afront to humanity, and relegate it to back to obscurity.
I am happier than ever I turned down the offers to "come and enjoy the life style and tax free paradise of Dubai".