In Dubai; we Trust..

Across the board; three negative values had gradually concurred the business culture in Dubai during the decade of 2000th.. These had created the messy situation of 2009.. Root-cause is simply the improper planning for cultural foundations to synchronize the economic boom.. Neverthless, no economic breakthrough can be build on a real estate cycles.. The question: who to blame.. Apparently, every party; Indigenous, Expatriates or Rating Agencies; has his own legitimate excuses.. Yet, the commons are paying the cost of a roughly-shaken economic model..

(1) Greed; to make more money by salaries, bounces or any profits; which had crashed many good values.. That Greed had been created and mastered by the Senior Executives, who understood the value of Balance Sheets to boost their glamorous success.. Thus; their excessive moneys were justified; which fed both service and retail sectors with more than $ 50 billion a year; creating the great urban bubble in Dubai.. There were no tangible products to define the economic boom, but massive luxurious benefits and privileges.. In the process definitions were twisted and values were misspelled..

(2) Selfishness; as companion to Greed and on contrary to praised causes; yet it had created a layer of incompetent executives; who would do anything to maintain their personal gains.. The absence of Cultural Mandate had enable all streams of thoughts to exercise, conditioned to run parallel the legal and political red tapes.. Even so, some professionals, who are the true fuel of the happenings, had went the extra mile to create legacies and myths; which had spelled magic on minds and hearts.. It was all around the ego: I & Us; against We & Them.. Regretfully, Dubai alike most Arab, Islamic and underdeveloped nations lacks those Sociologists; who can draw the navigation routes in the challenging world of fast foods and fast assembly..

(3) Disloyalty; as very few had cared about the consequences of her/his inputs on future and sustainability of public interests.. The graffiti’s which been circulated in emails, describing the chaos of Dubai and awaited dark future; were expression of extreme disconnect between the system and its aggregates.. Discomfort and disbelief was growing along the sharp curves of revenues, as no substantial efforts proven critical for the astronomical gains.. In a City-State, no secrets, and many shared the true stories of misconduct, yet everyone set himself distant from the story..

Regretfully to say; when the Financial products took it over from the Engineered ones.. there was no rationale lift to wrap the economic consensus.. Same, when the flood of many nationalities and cultures take over the city, no culture framework was there to wrap up the urban glance.. Yet, I need to condemn all so-called professionals, who shared directly or indirectly in turning the dear dream to make things right into a chaos.. This would including me as well..!!