The credit crunch effects Dubai greatly, when estate prices decline in Dubai you should know something is wrong, although many people are saying these are rumors and that everything is fine.
"...Instead of moving toward greater transparency, the emirates seem to be moving in the other direction. A new draft media law would make it a crime to damage the country's reputation or economy, punishable by fines of up to 1 million dirhams (about $272,000). Some say it is already having a chilling effect on reporting about the crisis".
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