The open desert near Dubai’s Jebel Ali industrial area was supposed to be the site of Nakheel’s grandest vision – the Dubai Waterfront.
Here, the property developer wanted to build a city twice the size of the Hong Kong island, with skyscrapers for 1.5m residents, all ringed by a 75km canal.
But Dubai and Nakheel’s financial crisis has stalled the project, perhaps permanently, making it another multi-billion dollar casualty of the emirate’s crisis.
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