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Once the world's hub of luxury high rise development, the United Arab Emirates city of Dubai has learned the hard way. Oversupply and high rents in glamorous high rises along the Persian Gulf (Arabian Gulf for the Emiratis, however) fell to the basement floors during the 2008-09 financial crisis. As [...]
from Forbes Real Time http://onforb.es/1vAsYmO
Once the world's hub of luxury high rise development, the United Arab Emirates city of Dubai has learned the hard way. Oversupply and high rents in glamorous high rises along the Persian Gulf (Arabian Gulf for the Emiratis, however) fell to the basement floors during the 2008-09 financial crisis. As [...]
from Forbes Real Time http://onforb.es/1vAsYmO
