Is Dubai's gilded era of high-stakes gambles over?

Dubai: Dubai was the glitz, the glamour and the good life for many. The buildings were the fanciest, newest and tallest. The emirate had little water, but the champagne flowed freely.

The city state's leaders, and the tourists and investors who flocked for the gold rush came to expect nothing but the best.

The property market climbed with the towers vying to be the world's tallest, driving a quarter of the emirate's economic growth. But while the towers still stand, some incomplete and their future uncertain, the property market has come crashing to the ground, its future equally in doubt.

Text: IANS

Image courtesy: Getty

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