Dubai’s next big thing? Perhaps a $5 billion man-made ‘moon’ as the city’s real estate market booms

By NICK EL HAJJ
Associated Press

DUBAI, United Arab Emirates (AP) — A proposed $5 billion real estate project wants to take skyscraper-studded Dubai to new heights — by bringing a symbol of the heavens down to Earth. Canadian entrepreneur Michael Henderson envisions building a 274-meter, or 900-foot, replica of the moon in Dubai. The city-state is already home to the world’s tallest building and other architectural wonders. And even though Henderson’s plan may sound out of this world, Dubai already has a red-hot real estate market. It has been fueled by the wealthy who earlier fled coronavirus restrictions imposed in their countries during the pandemic and Russians seeking refuge amid Moscow’s war on Ukraine.