Dubai has engaged on vast spending to ensure that it has other revenue sources other than oil. It required a massive bailout a few years ago from it's neighbour

Dubai has engaged on vast spending to ensure that it has other revenue sources other than oil. It required a massive bailout a few years ago from it's neighbour Abu Dhabi, whose wealth derives from oil: http://www.reuters.com/article/us-emirates-dubai-debt-idUSBREA2F0EQ20140316 http://www.reuters.com/article/us-emirates-dubai-debt-idUSBR... http://www.telegraph.co.uk/news/worldnews/middleeast/dubai/6807939/Dubai-accepts-10bn-bail-out-from-Abu-Dhabi-in-dramatic-climbdown.html http://www.telegraph.co.uk/news/worldnews/middleeast/dubai/6... Without this bailout I doubt Dubai would exist in anything close to it's current state.