The opening shot of this clip shows 200 skyscrapers that were built in the last 5 years.
That title sounds flip and "we told you so" but this is not cheap schadenfreude. The long boom could have built sustainable cities and sustainable jobs; instead we got Donald Trump and Dubai, sometimes together. David Galbraith writes about its current woes:
Short of opening a Radio Shack in an Amish town, Dubai is the world’s worst business idea, and there isn’t even any oil. Imagine proposing to build Vegas in a place where sex and drugs and rock and roll are an anathema. This is effectively the proposition that created Dubai - it was a stupid idea before the crash, and now it is dangerous.
Dubai Jumps the Shark
Dubai is a place for the shallow and fickle. Tabloid celebrities and worn out sports stars are sponsored by swollen faced, botox injected, perma-tanned European property developers to encourage the type of people who are impressed by fame itself, rather than what originated it, to inhabit pastiche Mediterranean villas on fake islands. Its a grotesquely leveraged version of time-share where people are sold a life in the same way as being peddled a set of steak knives. Funny shaped towers smatter empty neighborhoods, based on designs with unsubtle, eye-catching envelopes but bland floor plans and churned out by the dozen by anonymous minions in brand name architects offices and signed by the boss, unseen, as they fly through the door.
Chill Out on Dubious Dubai's First Refrigerated Beach
But if there is one problem with the shallow and the fickle, its that they are shallow and fickle, they won’t put down deep roots and they won’t remain loyal to Dubai.
Dubious Dubai: Eco-Bling on the Anara Tower