One businessman in Dubai writes that at least the city has numerous capital assets which can be sold now, in an article titled "Imagine if Dubai had been too timid to build..."
The social aspects of Dubai's government are interesting too. Check out this Guardian article to understand how unique/weird this place is. And banned cult blogger Secret Dubai has a poem about the current state of their city. And lastly, a Lew Rockwell podcast about the historical correlation between creating skyscraper records and the economic busts that follow soon after (he dramatically segues into fractional reserve banking).