Dubai’s tourism-dependent economy developed over a span of two decades, growing from a barren desert city to a global metropolis, but the methods that established Dubai as a cultural hot spot were only successful because of Dubai’s particular political and geographical …show more content…
More money is being set aside for tourism, causing the standard of living to decrease and the cost of living to rise, in turn creating a recession. Dubai has given power to the people in a way not done before, allowing mass freehold real estate. By taking the power of building and developing away from the government, the constitutional monarchy cannot control the growth. Unfortunately, Dubai’s reliance on tourism is a dependent upon this freehold development, and without it, thousands of buildings will be left unfinished. Unfinished buildings mean unfinished work that in turn leads to debt. Money will have to be given back to the buyer and all commissions will be lost, causing a leakage in the economy that is detrimental to the standard of living. This would force the government to step in and stimulate the economy with money it doesn’t have, increasing national