You will be redirected back to your article in seconds

Dubai on hold

Many projects put on hold until financial stability returns.

While the likes of Qatar and Abu Dhabi have been relatively sheltered from the recent global economic crisis thanks in some part to their gas and oil wealth, respectively, neighboring Dubai has been much harder hit.

For years, the glitzy emirate was a byword for growth and prosperity. Real estate developers outdid each other to build the world’s tallest tower, biggest mall and most luxurious hotel. U.S. film execs soon got in the act with Universal, Paramount, Marvel and DreamWorks Animation all announcing theme parks in the emirate’s mammoth Dubailand.

Many of those projects have now been put on hold until financial stability returns.

But while some may have written off Dubai’s ability to recover from its current difficulties, others are remaining more sanguine in their long-term view.

More Film

  • EFM European Film Market Berlinale Placeholder

    Berlin: Zodiak Belgium, Films in Motion Join for 'Life'

    While the likes of Qatar and Abu Dhabi have been relatively sheltered from the recent global economic crisis thanks in some part to their gas and oil wealth, respectively, neighboring Dubai has been much harder hit. For years, the glitzy emirate was a byword for growth and prosperity. Real estate developers outdid each other to […]

  • Dragon Rider

    Berlin: Rise Visual Effects' Features Arm Seeks More Co-Productions

    While the likes of Qatar and Abu Dhabi have been relatively sheltered from the recent global economic crisis thanks in some part to their gas and oil wealth, respectively, neighboring Dubai has been much harder hit. For years, the glitzy emirate was a byword for growth and prosperity. Real estate developers outdid each other to […]

  • Ginevra ElkannDavid di Donatello Award 2017,

    'Land' Producer Ginevra Elkann Set for Directorial Debut With 'Magari' (EXCLUSIVE)

    While the likes of Qatar and Abu Dhabi have been relatively sheltered from the recent global economic crisis thanks in some part to their gas and oil wealth, respectively, neighboring Dubai has been much harder hit. For years, the glitzy emirate was a byword for growth and prosperity. Real estate developers outdid each other to […]

  • Loro Italian Cinema Berlin Film Festival

    Local Investment, Kudos Boost Italian Cinema's Profile

    While the likes of Qatar and Abu Dhabi have been relatively sheltered from the recent global economic crisis thanks in some part to their gas and oil wealth, respectively, neighboring Dubai has been much harder hit. For years, the glitzy emirate was a byword for growth and prosperity. Real estate developers outdid each other to […]

  • Marysia Nikitiuk, Igor Savychenko Talk ‘When

    Berlin: Marysia Nikitiuk, Igor Savychenko Talk ‘When the Trees Fall’

    While the likes of Qatar and Abu Dhabi have been relatively sheltered from the recent global economic crisis thanks in some part to their gas and oil wealth, respectively, neighboring Dubai has been much harder hit. For years, the glitzy emirate was a byword for growth and prosperity. Real estate developers outdid each other to […]

More From Our Brands

Access exclusive content