Dubai is not having a good week. The city with a grandiose reputation is not only reeling—like the rest of us—from the economic crisis, it’s become a symbol for all that led us here … the extravagance and indulgence. Vogue editor in chief Anna Wintour called it out this week as a synonym for excess, [...]
Archive for the ‘Dubai’ Category
18 Feb, 2009
Dubai continues to set recession trends
Posted by: Marian Salzman In: Dubai| credit crisis| recession| sightings from the zeitgeist
Laid-Off Foreigners Flee as Dubai Spirals Down – NYTimes.com
http://www.time.com/time/magazine/article/0,9171,1856994,00.html
(Reuters)
Property values could tumble as much as 20 percent in the next three years in Dubai.
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