Dubai Debt Crisis | Research Study

Running head: DUBAI DEBT CRISIS
DUBAI DEBT CRISIS
Name of Student
Name of University
Author’s Note

DUBAI DEBT CRISIS
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DUBAI DEBT CRISIS
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Table of Contents
INTRODUCTION:..............................................................................................................4
STRUCTURE OF THE PROPOSAL:.................................................................................4
Topic for the Dissertation:...............................................................................................4
Background:.....................................................................................................................4
Literature Review:...........................................................................................................6
RESEARCH QUESTIONS:................................................................................................9
RESEARCH OBJECTIVES:...............................................................................................9
CONTRIBUTION:..............................................................................................................9
RESEARCH METHODOLOGY:.....................................................................................10
GANTT CHART:..............................................................................................................11
REFERENCES:.................................................................................................................12

DUBAI DEBT CRISIS
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INTRODUCTION:
Dubai is considered as one of the most developed city in the world. In recent years it has
developed from being a barren land to a business hub of the world. It was nicknamed as “Skyline
on crack”, because the city has record setting skyscrapers. Unlike other cities of Middle Eastern
countries, Dubai represents a diverse culture. A survey states that Dubai’s population consists of
96% foreigners, which is much more diverse than New York City that has only 37% foreigners.
Dubai’s economic rise halted in recent years. The main reason behind the halt is due to
the downfall of the real estate sector of Dubai. Another main reason behind the downfall of the
economy of Dubai is due to the rise in the use of bio-fuel instead of petroleum and other types of
crude oil. The rise in the debt for Dubai remains a concern for United Arab Emirates (Al-Saleh
2018). The economic crunch in Dubai is affecting the global economy through various channels.
STRUCTURE OF THE PROPOSAL:
Topic for the Dissertation:
In order to analyse the reasons behind the economic halt of Dubai and the debt crisis of the
Dubai, this research paper is being created. The topic of this research paper is “Debt crisis in
Dubai”.
Background:
Dubai is considered as one of the seven emirates of the United Arab Emirates. Abu
Dhabi, Oman and Saudi Arabia, Qatar, Bahrain and Kuwait, the UAE constitute other Gulf
Cooperation Council countries are the neighbours of Dubai. These countries depend on Dubai
because Dubai is considered as the business hub of Middle East. Another notable characteristic
of these countries is that they exports oil and gas to the whole world. Thus, when the economic