Australian companies hit by downturn in Dubai

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KYLIE Minogue took to the stage for a $5 million performance for the opening of Dubai's Atlantis Palm Jumeirah hotel on a man-made palm-shaped island last November.

At the time, it seemed the party would last forever.

While the rest of the world was already feeling the chills of economic downturn, business was still running hot in this city created from the desert.