Small fish has absconded in large numbers, leaving debts of god knows how much. Bigger fish has done the same. Dubai is and was a dirt-pool where people were living above their standards. Now, they have learned their lesson.

Abu Dhabi, wise beyond its years, has taken the intellectual approach and is now slowly exceeding Dubai and will soon own Emaar, Dubai Holding, Emirates Airways and some other major companies. This will allow them to build towards Dubai, and slowly but securely merge their economies becoming one big powerful middle eastern city. Dubai will have to allow this, otherwise the Dubai Sheikhs will be riding camels again within 20 years.

Something along these line.