The news that Dubai World is struggling to pay $59 billion (£36 billion) worth of foreign debts may serve as a rude awakening to those living the Dubai dream.
Speaking to the Guardian prior to the announcement that the state-owned property investment company is struggling with its debts, Rudy Bier, 30, a property consultant from the UK who moved to Dubai three years ago, said the atmosphere in the emirate has definitely changed.
"When I first moved here everyone had a lot of disposable income and I wouldn’t even look at prices in the supermarket. But that’s definitely changed, people are feeling the pinch. Everyone’s a little more cautious," she said.
The financial insecurity experienced throughout the globe in the last 18 months may also have highlighted the importance of expat medical insurance, particularly for those living in countries such as the UAE, where there is no state healthcare system.
Although the emirates have invested heavily in developing leading medical facilities, those without expat health insurance may find the cost of treatment prohibitively expensive.