Dubai Goes Bust; Is there a Silver Lining?

Juan Cole 11/14/2008

IHT reports on the way the economic slowdown is affecting Dubai (which unlike other members of the United Arab Emirates does not have much petroleum). Some citizens of the emirate see the end of excess as a good thing and a time to recover some authenticity.

The Dubai property boom has had its bubble burst.

About the Author

Juan Cole is the founder and chief editor of Informed Comment. He is Richard P. Mitchell Professor of History at the University of Michigan He is author of, among many other books, Muhammad: Prophet of Peace amid the Clash of Empires and The Rubaiyat of Omar Khayyam. Follow him on Twitter at @jricole or the Informed Comment Facebook Page

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