Solely aggregation of news articles, with no opinions expressed by this service since 2009 launch on this platform. Copyright to all articles remains with the original publisher and HEADLINES ARE CLICKABLE to access the whole article at source. (Subscription by email is recommended,with real-time updates on LinkedIn and Twitter.)
Thursday, 15 January 2009
Dubai's sand castles crumble amid credit crunch
There was always something surreal about Dubai’s fantastic development plans. Skyscrapers were rising in the desert faster than anybody imagined was possible. While some wondered about such rapid growth, others marveled at the plucky Dubaians’ go-get attitude. Nothing was considered out of reach; the sky was the limit, literally--the tallest building in the world, the most expensive hotel suites with helicopter landing pads, manmade islands, huge shopping malls, indoor sky slopes and ice skating rinks in the desert--all meant to attract foreigners and their investments. And they came, by the hundreds of thousands. Dubai was nicknamed, “Do Buy”!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment