Once upon a time, Detroit – a.k.a. Motor City and the birthplace of Motown – was a glittering jewel in American’s gleaming crown of industrial and industrious cities. Tall towers were a testament to hardworking citizens and a booming economy. The streets of leafy, residential downtown neighborhoods were lined with well-kept homes and massive, elegant mansions. Beginning in the 1950s, the dwindling auto industry, violent riots, and court-ordered busing contributed to the “white flight,” a powerful economic vacuum that sucked many middle and upper class residents out to the suburbs. Detroit became better known for its horrific urban blight than its cars. As a result many of the historic homes in pristine downtown neighborhoods fell into a desperate state of neglect and disrepair. The poverty and drugs that reigned supreme in many areas of the city in the 1970s and 80s caused the price of housing in even the most elegant of Detroit’s urban neighborhoods to plummet to shockingly low levels. It seemed as if the glory days of Detroit were long gone. Although the car industry continues to languidly limp on, the turn of the century has brought a slow but steady economic shift and urban revival to downtown Detroit and its surrounding neighborhoods. There are new sports stadiums, a trio of casinos, and an ongoing revitalization of the city’s riverfront. Once swank but long shuttered hotels have reopened and a whole lot of historic houses and mansions, ripe for the picking, can now be snatched up for pennies on the dollar compared to most other urban centers. Savvy shoppers take note. Photo Credit: FemaleTrumpet02
Dubai has claimed its place as a new home to luxury and high-end lifestyles. Its housing market is no different. Here, MainStreet highlights several homes that make American mansions look like dollhouses.