First off, most of these projects took years longer to build than they were expected too. Secondly, it seemed like the same people were buying the different properities. Now Dubai has created too many things and funds have dried up.
Now people are fleeing the country. It has even be reported that cars are being stranded at the hotel with keys in the ignition. Contrary to what many thinks, there is no oil there. The weather is not even pleasing. You got sand storms, high winds, and excessive heat. If you ask me Dubai is on the verge of becoming a ghost town, but with massive skyscrapers.
If it wasn’t for the numourous oil/royalty money that is invested into the city, Dubai would have probably gone bye bye long ago. The video below says it all [VIDEO ENCLOSED].