Some estimate that almost 50% of current projects in Dubai are on hold or canceled. Can Dubai recover from the financial crisis?
"Dubai's expansion was as ambitious as it was improbable. Dubailand, a $64 billion mixed-use development initially planned at 107 square miles, was to be the world's largest collection of theme parks, shops, residences, and hotels. For now, though, its roller coasters, life-size dinosaurs, snowy mountainscape, and polar bears will remain a fantasy, one of the gaudier casualties of the economic downturn."
An interesting debate is also being waged in the comments to the Fast Company article over the fairness of their assessment.
FULL STORY: Bye-Bye, Dubai
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