The worst about Dubai’s economy continues to be reported even as Dubai gears up for Expo 2020, now only a year away. Here are some of the big news that bring bad news for Dubai and its economy.
Land prices have fallen by 50%, White-Collar Recession’ Ripples Through Dubai’s Economy, Conflict in the Gulf is hurting Dubai, Schools are closing, Regional tensions taking a toll on Dubai, Strained relations with Iran, Emirates Airlines And FlyDubai Suffer
Sheikh Ahmed has already warned “The next six months will be tough” — suggesting that the financials at Emirates may soon proceed from bad, to worse.
Unless major shake ups happen in the region, the setback Dubai faces today poses a bleak 2019 for Middle East’s most popular and respected emirate.