In the next two years Dubai is looking at a very good economic growth but since it has been open to global trade ever since, Dubai can also be in trouble if the world will experience another global economic crisis.

This was the scenario given by the government of Dubai as an investigation to the emirate’s economic prospects.

The chief economist for Dubai’s Department of Economic Development, Mohammad Lahoulel, used the Dubai Economic Outlook 2011 in saying that Dubai’s economy will definitely grow by at least four per cent this year.

Farouk Soussa, Citibank’s chief economist, actually gave a prediction and he was more optimistic in saying that Dubai will have more than four percent growth. Instead, Dubai will have a six per cent increase by next year.

But since Dubai’s open economic model is very similar to that of Hong Kong and Singapore, it is also at risk whenever other countries experience or suffer from economic meltdown.

The experts also agreed that Dubai could experience some difficulty in terms of oil prices increased because of the regional unrest.

Marios Maratheftis, regional head of research at global bank Standard Chartered, concluded that people in Dubai do not need to fear that investors would withdraw since this is already eased, and that Dubai, as well as Abu Dhabi and Qatar are places which investors could still feel safe compared to other places.