VOICED: Dubai's outsize dreams reined in by crisis

The video discusses the Burj Dubai as a symbol of the Emirates' ambitions, highlighting the city's investment in tourism, finance, and real estate. However, the global financial crisis has impacted the real estate market, causing investment to dry up and halting luxury projects. The government can control the market by managing supply, as much of it is government-related. Dubai's economic growth has been significant, but its future is tied to the US dollar.

What is the primary reason for Dubai's investment in sectors like tourism and real estate?

• High population growth

• Lack of oil resources

• Strong currency

• Abundance of oil resources

How has the global financial crisis affected Dubai's real estate market?

• Surge in construction activities

• Halting of luxury real estate projects

• Stability in investment funds

• Increased property prices

What is one of the main consequences of the financial crisis on Dubai's economy?

• Stable real estate prices

• Increased foreign investments

• Dried up investment money

• Rapid completion of projects

What role can the government play in stabilizing Dubai's real estate market?

• Decreasing tourism investments

• Controlling the supply of ready-state properties

• Increasing oil production

• Raising property taxes

What is a significant factor tying Dubai's economy to external influences?

• Its isolation from global markets

• Its independent economic policies

• Its reliance on oil exports

• Its currency is tied to the US dollar