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Even Illustrious Dubai Is Suffering a Devastating Real Estate Crash [Clips]
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<blockquote data-quote="Geek" data-source="post: 1593835" data-attributes="member: 246624"><p>With the world in financial peril, it seemed like <a href="http://www.ihav.net/vb/gizmodo.com/tag/dubai" target="_blank">Dubai</a>, home of 200 new skyscrapers built in the last five years, could have enough hype to be immune. But such is not the case.</p><p> From a news report on Deutsche Welle TV, this clips give us a glimpse of the hard times hitting Dubai, where some construction crews have halted projects in light of the fact that "there isn't a [<a href="http://gizmodo.com/tag/real-estate/" target="_blank">Real Estate</a>] market at all," according to one Dubai Realtor. </p><p> Indeed, some shots appear almost post-apocalyptic in nature, with endless towers of gleaming metal and glass standing silently with no one around to smudge them up. [via <a href="http://www.treehugger.com/files/2009/02/bye-bye-dubious-dubai.php" target="_blank">Treehugger</a>]</p><p> </p><p></p><p><a href="http://www.pheedo.com/click.phdo?p=1" target="_blank"><img src="http://www.pheedo.com/img.phdo?p=1" alt="" class="fr-fic fr-dii fr-draggable " data-size="" style="" /></a><img src="http://www.pheedo.com/feeds/tracker.php?i=6cf2b14966420c6d4bd2cad1d42536ec" alt="" class="fr-fic fr-dii fr-draggable " data-size="" style="" /><a href="http://feeds.gawker.com/~f/gizmodo/full?a=iG3fx6Jo" target="_blank"><img src="http://feeds2.feedburner.com/~f/gizmodo/full?d=120" alt="" class="fr-fic fr-dii fr-draggable " data-size="" style="" /></img></a> <a href="http://feeds.gawker.com/~f/gizmodo/full?a=9viG2Q2X" target="_blank"><img src="http://feeds2.feedburner.com/~f/gizmodo/full?d=41" alt="" class="fr-fic fr-dii fr-draggable " data-size="" style="" /></img></a> <a href="http://feeds.gawker.com/~f/gizmodo/full?a=hbupHYyU" target="_blank"><img src="http://feeds2.feedburner.com/~f/gizmodo/full?i=hbupHYyU" alt="" class="fr-fic fr-dii fr-draggable " data-size="" style="" /></img></a> <a href="http://feeds.gawker.com/~f/gizmodo/full?a=MbRFXlT7" target="_blank"><img src="http://feeds2.feedburner.com/~f/gizmodo/full?i=MbRFXlT7" alt="" class="fr-fic fr-dii fr-draggable " data-size="" style="" /></img></a></p><p><img src="http://feeds2.feedburner.com/~r/gizmodo/full/~4/U8Ki_e0rI7E" alt="" class="fr-fic fr-dii fr-draggable " data-size="" style="" /></p></blockquote><p></p>
[QUOTE="Geek, post: 1593835, member: 246624"] With the world in financial peril, it seemed like [URL="http://www.ihav.net/vb/gizmodo.com/tag/dubai"]Dubai[/URL], home of 200 new skyscrapers built in the last five years, could have enough hype to be immune. But such is not the case. From a news report on Deutsche Welle TV, this clips give us a glimpse of the hard times hitting Dubai, where some construction crews have halted projects in light of the fact that "there isn't a [[URL="http://gizmodo.com/tag/real-estate/"]Real Estate[/URL]] market at all," according to one Dubai Realtor. Indeed, some shots appear almost post-apocalyptic in nature, with endless towers of gleaming metal and glass standing silently with no one around to smudge them up. [via [URL="http://www.treehugger.com/files/2009/02/bye-bye-dubious-dubai.php"]Treehugger[/URL]] [URL="http://www.pheedo.com/click.phdo?p=1"][IMG]http://www.pheedo.com/img.phdo?p=1[/IMG][/URL][IMG]http://www.pheedo.com/feeds/tracker.php?i=6cf2b14966420c6d4bd2cad1d42536ec[/IMG][URL="http://feeds.gawker.com/~f/gizmodo/full?a=iG3fx6Jo"][IMG]http://feeds2.feedburner.com/~f/gizmodo/full?d=120[/IMG]</img>[/URL] [URL="http://feeds.gawker.com/~f/gizmodo/full?a=9viG2Q2X"][IMG]http://feeds2.feedburner.com/~f/gizmodo/full?d=41[/IMG]</img>[/URL] [URL="http://feeds.gawker.com/~f/gizmodo/full?a=hbupHYyU"][IMG]http://feeds2.feedburner.com/~f/gizmodo/full?i=hbupHYyU[/IMG]</img>[/URL] [URL="http://feeds.gawker.com/~f/gizmodo/full?a=MbRFXlT7"][IMG]http://feeds2.feedburner.com/~f/gizmodo/full?i=MbRFXlT7[/IMG]</img>[/URL] [IMG]http://feeds2.feedburner.com/~r/gizmodo/full/~4/U8Ki_e0rI7E[/IMG] [/QUOTE]
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