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Some of the most fantastical structures have come out of Dubai’s building boom: the tallest building in the world, a carbon-neutral pyramid community, an eco-tower that blooms, even a universe of islands (that are now sinking into the sea), just to name a few. But the “build it and they will come” attitude has created a serious vacancy problem for Dubai. As more office buildings are finished, the current 38 percent vacancy rate is expected to rise to 50 percent. A study by the property firm Jones Lang LaSalle found that Dubai needs to convert buildings to non-office space or knock them down completely to solve the problem.

 

(Courtesy of Inhabitat)

 

Now thats a hell of a thing, build million dollar buildings just to destroy them :confused::stirthepot:

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A lesson to all Montrealers who looked at Dubai with a sense of awe and envy, this is just a start of the biggest urban fiasco the world has ever seen, anyone know what percentage of the burj Dubai is occupied ( I'd be surprised if it's more than 15%)?

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A lesson to all Montrealers who looked at Dubai with a sense of awe and envy, this is just a start of the biggest urban fiasco the world has ever seen, anyone know what percentage of the burj Dubai is occupied ( I'd be surprised if it's more than 15%)?

 

How big is Burj Dubai sq.ft wise (total)? How many buildings in Montreal can fit in that one?

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