Near 3000 Cars Abandoned In Dubai Due To Economy

One reports says close to 3000 cars are abandoned in the Dubai International airport because the foreign workers flee the country due to high and rising rates of unemployment and lack of faith in the near term. However, the Airport Police is not claiming those cars hoping that people may return.

Presently Dubai looks like a ghost city of half finished buildings. Some foreign workers, mostly from India and Pakistan can't even return to their home countries because their employers hold their Passports. They are told to stay as things may change toward better. But these workers say time is not working on their side. The only thing they do is to smoke, drink coffee and sleep.

The property boom that started the rise of the city now hits the wall. Vacant office space has doubled in Dubai. According to yesterday's BBC report "More than half of the residential and commercial property projects in Dubai due for completion by 2012 have been put on hold or cancelled, a study says.

"Property company Jones Lang LaSalle says a lack of funding, job cuts and a fall in population are the cause of the delays and cancellations. Dubai's property market has seen a sharp downturn recently after years of rapid development and booming prices. "