Yes- sad but very true. It is the result of poor up-front planning and quite frankly erratic leadership and financial ambiguity. No need to go into the design mishaps that have been well covered here.
Many Many good, talented people have been let go and some deservedly so after being paid a small fortune with luke warm results. Thats the UAE way.
Everyone loses except for the few that ran off with better bank accounts.
DXB had better get their act together for the remaining Parks and Riverland that are marginally performing.
Otherwise this obituary will only be the first chapter.