Sunday, June 6, 2010

Dubai in Decline

Anyone who would even think to build all these monstrosities is nuts. Clearly the government and banks are all nuts too they approved all this crap...and there are the stats according to the developer:

Here are a few stats from Dubai Properties, the overall developer of the project:

- Every day between 10,000 and 14,000 people "walk The Walk"
- The 36 towers of residential apartments are "78 per cent occupied"
- Out of 305 retail spaces, there are 290 stores 
What they don't tell you is that they are losing their shirts on every transaction...36 Towers wow! That's a lot of towers to lose money on. This is one hell of a top for the world I think. People have simply lost it!
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