Dubai real estate: trouble in paradise
Dubai real estate: trouble in paradise
The real estate projects in Dubai get ever bigger and more extravagant. But an investigation into corruption and concerns over liquidity are threatening the market’s image. Will Rankin and Julian Evans report.
In September, the doors were opened at the Atlantis Hotel, the latest eye-popping real estate development in Dubai. Guests at the US$1.5bn development can eat at Michelin-starred restaurants, stay in suites that cost up to US$25,000 a night, or ride on water-slides through shark-infested lagoons.
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