There are things like it in China that have yet to crash. Look folks... cities must grow organically. You cannot create an instant New York or London with loads of debt. Buildings do not make a city. Culture makes a city. The buildings are built after the city is built, to contain it.
I also look at Dubai as the peak of something else: the idea that you can literally create reality if you have enough hype. The same idea was beneath a lot of hand-wavey dot.com business plans and bad accounting practices of recent years.
There are things like it in China that have yet to crash. Look folks... cities must grow organically. You cannot create an instant New York or London with loads of debt. Buildings do not make a city. Culture makes a city. The buildings are built after the city is built, to contain it.
I also look at Dubai as the peak of something else: the idea that you can literally create reality if you have enough hype. The same idea was beneath a lot of hand-wavey dot.com business plans and bad accounting practices of recent years.