Is Dubai an “impossible place”?

Dubai, in the United Arab Emirates (UAE), has seen a massive boom in construction and investment since the 1990s. Many major projects have been built here, creating impressive landmarks, but there are some questions over whether Dubai is viable in the long term, as  there is limited oil money and much of the rest of the growth is funded by debt…..

The world’s tallest building is under construction in Dubai:

http://www.burjdubai.com/

Update from 2007:

http://news.bbc.co.uk/1/hi/world/middle_east/6910536.stm

Update from 2009:

http://news.bbc.co.uk/1/hi/world/middle_east/7798943.stm

In June 2008 there were plans for a rotating skyscraper:

http://news.bbc.co.uk/1/hi/world/middle_east/7472722.stm

In November 2009, markets were rocked when Dubai revealed that it may not be able to service its debt:

http://news.bbc.co.uk/1/hi/business/8382103.stm

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