I've read online recently that Dubai is going through some of the same issues as we are here - credit crunch hitting them as a lot of foreigners have been purchasing apartments out there.
The expatwoman.com site has a lot of stories about new contracts being reneged on, projects that haven't started not due to be completed, huge redundancies etc etc - does anyone have any first-hand experience of this as it was an avenue my hubby and I were considering for next year.