Dubai Insists the Boom is Not a Bubble This Time Around - Bloomberg

Dubai Insists the Boom is Not a Bubble This Time Around - Bloomberg:



"Alongside the Dubai Mall, one of the world’s largest shopping centers, sits an ersatz version of what would be an authentic retail experience in most Persian Gulf cities: an Arab souk.



If, in the evening, you stroll through this air-conditioned, hassle- and haggle-free caricature of a market, staffed mostly by smiling South Asians, you can amble out onto the shores of man-made Burj Khalifa Lake, named after the world’s tallest building, which looms over it.



Here -- bumping elbows with a veritable United Nations General Assembly of residents and tourists decked out in everything from dishdashas to Dior -- you can gawk at the Dubai Fountain, Bloomberg Markets magazine will report in its December issue. Every half-hour, an array of computer-choreographed nozzles sends jets of water erupting from the lake’s surface 500 feet into the air, gyrating to Middle Eastern pop one minute and Andrea Bocelli singing “Con Te Partiro” the next."



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