I think it might be a bit early to write Dubai off. Maybe the overbuilding will drive the rent down and attract businesses. The middle-east seem to be a very good emerging new market.
I'm pretty sure that innovation and real solid businesses don't come from hype, but away from the media spotlights and pundits.
> The middle-east seem to be a very good emerging new market.
Not bloody likely. In which way, exactly, is the Middle East a "good emerging new market"? Beyond their natural resources and strategic positioning there is nothing at all to speak of in any industry.
I'm pretty sure that innovation and real solid businesses don't come from hype, but away from the media spotlights and pundits.