Is the concept of the urban utopia now defunct? This is a study of the modern urban utopias of the late 20th century, investigated their recent qualities in respect to capitalist mode of production. Accordingly, a recent example, that of Dubai, will be studied and its rapid growth over the last 20 years will be questioned. The primary objective of this thesis is to provide an understanding of how and to what extent flexible accumulation requires a spatial fix, in particular in new geographies, and mobilizes urban utopias for its own sake. The research will rely on the premise that modern urban utopias are mere reflections of capitalist ideologies.