I will be writing my research paper on the potential economy crisis in Dubai. Briefly, the economy in Dubai has moved from oil-centric to tourism and finance. And urban development change is evident in the economic. This paper identifies the key forces and processes of Dubai's urban development. As we all facing the world economy recession, the recent credit crunch affect the loans and credit for the future buyers in Dubai. The instability of the economic market in Dubai are base on the real-estate market is driven by speculation instead of fundamentals.
I already evaluated about ten sources, seven of them are journal articles (submitted to you on annotated bibliograph assignment ); several of these are from web sites and one has links to other sites with information and comment about the economy in Dubai. So I plan to look at many of these other sites as time permits and I will read these articles in detail which are very relevant to my topic.
After the extensive search, I found a few online sources with scientific information, and I will shift my research on oil market in Dubai and keep update the news about credit crisis in the world.
I started a new thread on the subject of Dubai mall. It shows several exchanges about how the world economy decline affect the future buyers in Dubai. Dubai changed their economic strategic, in order to reach a "developed economy" is a long way to go, by just up grade investment and attract established firms in high value industries is not enough.
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