burj dubai

Can Dubai Revive Its Crazy Mega-Construction Boom?

Before the Great Recession, Dubai built some truly flamboyant real estate projects, including the world's tallest skyscraper and an archipelago of man-made islands. Now, Dubai wants to return to the days of such massive projects, but this time around, financing will be much harder to come by.

Monument or Tombstone for Dubai?

The emir of Dubai opened the world's tallest building Monday amid talk of his nation's massive debt, its overextended real estate market, rising unemployment and a host of other recession-linked miseries. But despite the many experts ready to write Dubai's financial obituary, the emirate is far from dead yet.