Dubai’s Building Boom Draws to a Close

It is said that all good things must come to an end, but we figure that “good” can also be replaced with “tacky,” “strange,” or “just plain bad” and still remain applicable. So it is in Dubai where it appears that the end of the absurd building boom there has begun to come to an end (or at least slow to a pace more suitable to common sense). Following a recent plunge in Dubai’s economic markets, layoffs have swept through the many development firms and projects have been placed on immediate hold. So it looks like we won’t get to look forward to many more iPod towers or dynamic buildings by highly suspect doctors anymore. Here’s a bit:

Engineering consultancy Ramboll Whitbybird has also frozen recruitment and admits it may ‘consolidate’ staff in Dubai next year.

Director Peyman Mohajer said: ‘It’s possible that in 2009 expansion will be curtailed and we’ll have to think about consolidation and making sure we have the right people in the right places.

‘The bigger semi-government developers are suffering on a large scale,’ added Mohajer. ‘We’ve had a few projects stopped, but it’s something we can manage, because we were under-resourced. It’s given us breathing space.’

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