superstring01
Moderator
Again, just because the electricity is nuclear generated, the tourist aren't coming on nuclear or wind airplanes. The medevial laws and the incredible heat still stay and I am not sure we have time until 2020, since oil is already peaking.
The biggest danger is strictly economical as we can see it right now. As long as the world is in recession nobody (meaning the masses) will go there....
Can 1 million locals live there fine? Sure. Are those huge investments and buildings needed for the 1 million locals? No....
I don't disagree with a single thing you say.
I think Dubai has some serious struggles. But, taken on the whole, I think that it'll rebound. It has an enormous population base to draw from, in a historically unstable and oppressive region. There are roughly 100 million upper-middle to wealthy class people within a 4 hour flight from the city.
The UAE's investment in all the right renewable resources, it's tax-free haven status, relative transparency and stability, the lack of overbearing regulations, the fact that it's practically giving away corporate space in its buildings, its high tech industries, its attractiveness to high end medical research, its growing hydroponic farms and investment in desalination plants, OH, and it's "fun" appeal, means (at least to me) that within 10 years it'll be attractive to investors again.
I'm not pretending to be prescient, but I think Dubai/UAE will come out on top.
~String