Sands are shifting but can Dubai avoid property bust? - CNN.com:
"A little more than 20 years ago, Dubai was an arid desert outpost on the shores of the Persian Gulf.
Today, world famous architecture rises high above the city's streets, vast columns of cars roar along highways that reach out to its ever expanding suburbs while offices for some of the world's largest firms populate the flash new business district downtown.
It has been a truly remarkable transformation in such a short space of time.
The next stage of Dubai's development will see it host the World Expo in 2020, an event that has added a further dose of fuel to the booming construction sector that has made these changes possible."
'via Blog this'
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