Dubai's ruler issued a directive on Monday that would curb the pace of new real estate construction projects as property prices fall and the sheer scale of developments threatens to outstrip demand.
Developers, however, continue to build at breakneck speed, and have completed around 21,000 residential units in the first half of the year, according to Property Finder. More than 38,400 additional residential units are scheduled to be completed by the end of the year. Dubai is already home to six mega-sized malls, including the Dubai Mall, which is one of the world's busiest and largest. Another six large malls are currently under construction.
Who could live in that Heat 4 Christ Sakes? There's no gambling, no Hookers. Explain it 2 me.
The ENTIRE WORLD’S economic prowess is slowly failing.
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“I want you to make these resorts Aladeen”
Ghost town in the making?
This is good news. Hiwever, the sandy beaches in the world may never recover or be replenished from all the sand stolen to build the island oasis of in Dubai.
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Don't know what to do with all their money