Dubai has attempted to set itself apart with the world’s tallest building (Burj Dubai) and largest urban development (Dubai Waterfront). But in terms of fallout from the current economic crisis, the Middle Eastern city may not be so different from the rest of the world after all.
In recent weeks, delays have beset several massive projects there, according to several architects working in the area, and articles in The National, a United Arab Emirates newspaper. Dubai Waterfront, often referred to as Waterfront City, the 1.5-billion-square-foot development master planned by Rem Koolhaas/OMA, is moving much slower than anticipated. Completion of a detailed master plan for Palm Deira—a man-made, palm tree-shaped island—has been pushed back from this fall to late spring. And Palm Jebel Ali, another palm tree-shaped island, is being scaled back. Moreover, real estates prices are starting to drop.