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Ryan Martis
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« Reply #12 on: January 05, 2010, 01:22:23 AM » |
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 The Burj Dubai has been designed to be the centre of a large-scale, mixed-use development that will include 30,000 homes, 9 hotels, 6 acres of parkland, 19 residential towers, and the 12 hectare Burj Dubai Lake.
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Ryan Martis
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« Reply #13 on: January 05, 2010, 01:22:32 AM » |
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 The mega structure has already achieved the distinction of being the world's tallest, surpassing the KNLY-TV mast (628.8m, 2,063ft) in North Dakota, USA |
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Ryan Martis
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« Reply #14 on: January 05, 2010, 01:22:41 AM » |
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 However, Dubai has been hit hard by the global downturn. This week, Dubai World, one of the emirate's main state holding companies, said it was asking for a delay on major parts of its debt repayments until at least May 30 |
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Ryan Martis
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« Reply #15 on: January 05, 2010, 01:22:52 AM » |
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 Dubai was among the most dramatic victims of the credit crunch, with property prices halving from their highs in September 2008, leaving a huge overhang of debt |
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Ryan Martis
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« Reply #16 on: January 05, 2010, 01:23:01 AM » |
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 Dubai borrowed $80bn in a four-year construction spree designed to turn its economy into a Middle Eastern powerhouse of finance and tourism |
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Ryan Martis
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« Reply #17 on: January 05, 2010, 01:23:10 AM » |
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 Burj Dubai has also been hit by press reports of the poor conditions faced by its labourers, mostly immigrants from South Asia |
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