The End of "The World"?
The developer, Nakheel, insists that the development is 70% sold and merely delayed, but the Telegraph reports that the artificial globe is eroding:
"The islands were intended to be developed with tailor-made hotel complexes and luxury villas, and sold to millionaires. They are off the coast of Dubai and accessible by yacht or motor boat.
With all but one of the islands still uninhabited – Greenland – and that one a showpiece owned by the ruler of Dubai, most of the development plans have been brought to a crashing halt by the financial crisis. Now their sands are eroding and the navigational channels between them are silting up."