The New York Times has an article about Dubai today. I guess the city is pretty screwed because people there are losing their jobs, which means that they lose their work visas, which means that they must leave the country within a month.
How bad is it? In January the city was canceling a reported 1500 work visas a day.
You can imagine what that leaves Dubai looking like. I believe the expression that the paper uses is "ghost town".
So check out "Laid-Off Foreigners Flee as Dubai Spirals Down".