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The Burj is a joke. It also seems to be mostly empty, because it priced itself out of the real estate market after the receession. It is so 'prestigious', no on
by mikhailfranco 13y ago
The Burj is a joke. It also seems to be mostly empty, because it priced itself out of the real estate market after the receession. It is so 'prestigious', no one can afford to use it. There are miles of empty lots starting just a few hundred yards away. If the Burj toppled over to the east, the top of it would land on empty ground. It is a temple to the vanity of the rulers of Dubai and their property developer lackeys. It is also an embarrassment, because Sheikh Khalifa of Abu Dhabi (the one with all the oil) had to bail them out to get it completed after the property bust of 2008 - that's why it's called Burj Khalifa, not Burj Dubai, as originally planned. And not to cap it all, the observation deck is only half way up!
- sopooneo 13y agoI know this happens, with places pricing themselves out of the market, but it surprises me. Wouldn't they want to lower the cost of owning/renting a unit until the can actually get some buyers? It would still be a loss, but wouldn't it be much less loss, and isn't that better?