Dubai: Air conditioning bills hitting €1,000 a month

[Green_Bear]

Dubai’s sheikhs have claimed it is “the eighth wonder of the world”, and seen from space the tree-shaped sand and rock formation of the Palm Jumeirah looks exactly that.

But after the hype about David Beckham buying a mansion here and the novelty of living four miles out to sea has faded, that claim is starting to look shaky. It seems there is a little trouble in paradise.

Four thousand “Palm pioneers” have moved in and are getting to grips with life in the sweltering Arabian Gulf. This week, when the Guardian visited, the gripes were as common as the plaudits among the Brits who are in the vanguard of this new community.

Multimillion-pound villas have been squeezed together “like Coronation Street”, air-conditioning bills are hitting £800 a month and persistent snags have led some to joke it is more “eighth blunder” than “eighth wonder”.

Pitfalls in paradise: why Palm Jumeirah is struggling to live up to the hype
guardian.co.uk/travel/2008/apr/26/travelnews

[Stingy_Buyer]

A typical labourer earns £25 a week, and many are in debt to agents in their home countries who paid for their passage. KV Shamsudheen, a workers’ rights activist in Dubai, says interest rates can be as high as 120% a year.

Tricking illiterate indians into debt, which they work off at below market wage rates while paying above market interest rates is a form of SLAVERY.

I hope the whole thing turns sour for the investors who supported this.

[BrendanG]

They should get this system climatewell.com/

Solar powered cooling!

[A_Random_Walk]

Dubai property investment makes no sense to me. None.

[2Pack]

Take a Bubble.
Double It.
Double it again

Result ! =

Backgammon Bubble