A Traveller's Tale: Vulnerable Dubai still in denial

Nick Hood says Dubai remains reluctant to face its demons - and the worst may be yet to come.

Last Updated: 31 Aug 2010

Sixteen months since first experiencing Dubai’s financial mirage, the initial impression is that not much has changed in the Walter Mitty Gulf state. A romantic dinner for two at Pier Chic, looking out onto the graceful seven (yes, seven) star Burj Al Arab will cost the unwary host around $700 with a relatively average bottle of vino. All of the 46 restaurants at the Madinet Jumeirah complex were full, possibly signalling the last hurrah of the European tourists who, according to rumour, are starting to abandon the 'Disneyworld in the Desert' experience offered by this and the country’s other ‘deluxe’ leisure facilities... [CLICK HERE TO READ MORE AND COMMENT]

In today's bulletin:
Thompson prepares to wield the axe at the BBC
City slickers plot Man United bid - as Real Madrid top rich list again
More hot air from Mandelson on UK takeover rules?
GM triples investment in Opel/Vauxhall overnight
A Traveller's Tale: Vulnerable Dubai still in denial

Find this article useful?

Get more great articles like this in your inbox every lunchtime