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Monday, November 30, 2009

Shifting sands for Dubai's property dream

"In 2008, it was announced that the new Palazzo Versace hotel in Dubai would have a beach which featured refrigerated sand. At the moment the only people getting cold feet are the people looking to invest in Dubai. And while that situation continues, many of Dubai's construction projects will remain on ice."

It uses as much electricity as an entire city. And every time the toilet is flushed they've got to pump water half a mile into the sky," Jim Krane, author of "City of Gold: Dubai and the Dream of Capitalism".

Shifting sands for Dubai's property dream - CNN.com

For the past decade, Dubai has been home to the greatest concentration of cranes anywhere in the world as billions of tonnes of concrete, steel and glass have refashioned the city skyline.

Posted by R at 12:27 AM

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      • The FP Top 100 Global Thinkers
      • Shifting sands for Dubai's property dream
      • It is a "Prisoner's Dilemma"
      • China doesn't look much better off!!
      • "The Dragon spews fire at the Elephant"
      • Bubble in bubbles - time to close bar
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