Dubai: Fake Cities Built On Fake Wealth

The article asks:"Imagine proposing to build Vegas in a place where sex and drugs and rock and roll are an anathema." Sounds like a pretty bad idea. Now build that city in the middle of a housing bubble. That is exactly what Dubai has done.

Dubai is a place for the shallow and fickle. Tabloid celebrities and worn out sports stars are sponsored by swollen faced, botox injected, perma-tanned European property developers to encourage the type of people who are impressed by fame itself, rather than what originated it, to inhabit pastiche Mediterranean villas on fake islands. Its a grotesquely leveraged version of time-share where people are sold a life in the same way as being peddled a set of steak knives. Funny shaped towers smatter empty neighborhoods, based on designs with unsubtle, eye-catching envelopes but bland floor plans and churned out by the dozen by anonymous minions in brand name architects offices and signed by the boss, unseen, as they fly through the door.

Goodbye, Dubai.



The realtor thinks the market will be back in 9 months? Maybe start selling the crack you're on for income.

Source: smashingtelly.com