
Photo by Matilde Gattoni/Bloomberg
This photo from The Denver Post’s Captured blog shows a portion of The Palm Jumeirah (The Palm Island) in idle development. Over the past year or so, Dubai has been so heavily affected by the slowing world economy that it is now asking for an extra 6 months to pay off outstanding debts.
I know that it’s a bit early to make such claims at the moment, but what if Dubai becomes the largest abandoned development project in the world? I could only imagine the photos coming out of this place…