It's Official Dubai has its own F1 Team
Will post some links once I get them. All I know the main office and testing ground would be in england. Engine from Mercede Benz and chassis from McLaren. Would start from 2006, already submitted the US$45 Million as security to F1 Board.
They may have no experience, only of the people they employ, but then again they have unlimited finances, yes Toyota's budget is probably the budget for their yearly arabic coffee and sheesha
Unlimited finances? Only 70% of them can read and write! Maybe that 30% doesn't belong to the 'right' family? LOL