(Source: BREITBART via Drudge)


Next month’s opening of the Burj Dubai tower, the world’s tallest building, will bring Dubai’s era of exuberant expansion to a juddering halt as hundreds of other building projects are already mothballed. Plunging property prices and weak demand had already put a dampener on new schemes even before last week’s shock announcement by state-owned giant Dubai World that it wants to halt debt payments for six months.

Read the full article, “Opening of world’s tallest tower marks end of Dubai era” at BREITBART (Dec 3 2009).

Developments featured in this article

More Like This

Facebook Chatter