Postcard from Dubai
A TIME reporter attempts to pay a visit to The World, the collection of manmade islands off the coast of Dubai that has gone from dream to disappointment in the economic crisis.
"Only one island, reportedly belonging to Sheik Mohammed, ended up occupied, its palms shading a large mansion. The 299 others are barren smears of sand. From his lonely vantage point in the eye of the World, the sheik, a horse-racing enthusiast and multibillionaire, recently waved aside Dubai's financial crisis - economists say the emirate is $80 billion in the hole - as a "passing cloud.""
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Published on Monday, October 12, 2009 in
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