Dubai has experienced phenomenal growth in the late 20th and early 21st centuries. Forty years ago, the city had a population of nearly 60,000 people. Today, the population is over 1.2 million people — nearly a twenty-fold increase. Over the last decade, building and construction have been some of the primary motors of economic activity in Dubai to house and provide workplaces for all of these new people. In 2005, construction and real estate provided for over 22 percent of the city’s economy. It is also home to an ambitious project to recreate part of Lyon, France in Dubai, which is due to be complete in 2010.
After the emirate expected tons of tourists to flock to its outrageously insane buildings and shopping districts, Dubai undertook construction of an automated metro line. The first leg will open next week, on September 9, 2009.
However, when it opens, it…More →
While Dubai has been associated with astonishing growth over the last decade, the economic crisis has hit the city-state hard.More →
The Burj Dubai, soon to be the world’s tallest tower at 818 m, is set to open on December 2, 2009, according to Arabian Buiness.
The magazine’s source was a “senior architect working on the project, who said: “This will be…More →
While Dubai has been known for a massive boom in recent years, since the global economic crisis, Icarus may just have flown too high on borrowed wings.More →
Yet another one of Dubai’s major developers, Nakheel, is feeling the crunch.
The owner of the famed Queen Elizabeth 2 cruise liner paid nearly 60 million € in 2007 for the iconic vessel and had been hoping to turn it…More →
In what is surely the greatest example of Dubai’s ostentatiousness, the Burj Dubai’s (Dubai Tower) developers say that it will be open for business later this year. The tower, at 818 meters high, already is the world’s tallest human-made structure.
This building,…More →
For the last few years, Dubai has undergone astounding growth. The city-state boasts that it holds the world’s only “seven-star” hotel. However as part of the global economic crisis, Dubai has had to make some tough choices about what to do…More →
Despite all the economic doom and gloom everywhere, Dubai’s “seven-star” hotel, the Burj Al Arab, will not be discounting its room prices, said the CEO of the parent company, Jumeirah, Gerald Lawless.
In an interview with the Agence France Presse Saturday, Lawless…More →