One of the seven Emirates that make of the UAE. One of the fastest growing cities in the world along with shanghai and Bangalore. Even though many people believe that Dubai is changing the basis of the economy to a service based one, there is no denying the fact that the vast majority of it's prosperity comes from it's huge oil reserves. When the oil dries up so does all the new skyscrapers and other tacky construction projects which are all facades that cover up it's internal social problems including but not limited to growing labor problems and disputes, anti semetism, executing women for being raped by a men and an overall poor human rights record.
Some people want to compare the likes of dubai to great cities such as New York, London, Tokyo, Hong Kong and Paris. Dubai has some fancy high rises and man made islands shaped like trees while the other cities have heritage and history and have been contributing to the world for hundreds and even thousands of years.
When the Oil runs out the boom stops and the bust starts.