Trump tower suspended

Trump Tower, a £535 million scheme planned for one of Dubai's palm-shaped islands, has been suspended, according to one of the companies involved in the project, Australia's Leighton Holdings...

The high-profile cancellation comes just one day after Dubai's Government-owned developer, Nakheel, announced it was slashing 500 jobs or 15 per cent of its workforce as it scales back projects as the emirate's property market starts to nosedive. 

The project, located on Palm Jumeirah, is a high-end, mixed-use development containing hotel and residential facilities.

Source: www.homeoverseas.co.uk