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The article discusses the effect of the 2008 global economic downturn on Dubai, United Arab Emirates (UAE). Dubai's financial boom in early 2008 due to high real estate values and record-high oil prices is discussed, noting the effect of the crash in both prices as of late 2008. Employee layoffs, unfinished real estate, and the unemployment of guest workers are all mentioned as symptoms of the downturn in the city of Dubai.

This article discusses the failing economy in Dubai, United Arab Emirates, spurred by the global financial crisis. When the U.S. stock exchanges began to decline, investors from the city initially sought to purchase distressed assets, but a plunge in oil prices during the last half of 2008 devastated their investment capital.