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Old September 10th, 2011, 04:09 PM   #3061
droneriot
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The cessation of construction had nothing to do with Ramadan, it was a coincidence that both happened around the same time. The project went on hold due to a lack of funds.
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Old September 13th, 2011, 03:42 AM   #3062
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Quote:
Originally Posted by droneriot View Post
The cessation of construction had nothing to do with Ramadan, it was a coincidence that both happened around the same time. The project went on hold due to a lack of funds.

The only real reason projects ever go on-hold.
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Old September 13th, 2011, 11:36 PM   #3063
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this one is going up but very slow indeed.
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Old September 14th, 2011, 01:39 AM   #3064
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Quote:
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this one is going up but very slow indeed.
Sooo... There has been progress?
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Old September 14th, 2011, 02:15 AM   #3065
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for what its worth
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Old September 14th, 2011, 02:35 AM   #3066
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great !!
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Old September 15th, 2011, 09:59 PM   #3067
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feels bad man
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Old September 20th, 2011, 11:53 AM   #3068
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Let's be clear. The Pentominium is now on hold indefinitely and if it is ever resumed it will not be built to the original design or height. I hope that clears everything up for everyone still speculating it is going ahead slowly because of ramadan. Move on, there's nothing to see here.
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Old September 20th, 2011, 09:57 PM   #3069
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What happened to that other ugly unfinished tower in that cluster, marina 101 I think? It is a terrible eyesore.

This tower would have been the nicest tower IMO, the facade seems to be of higher quality than the other mostly concrete ones.
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Old September 20th, 2011, 11:23 PM   #3070
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Quote:
Originally Posted by Nerdy View Post
Let's be clear. The Pentominium is now on hold indefinitely and if it is ever resumed it will not be built to the original design or height. I hope that clears everything up for everyone still speculating it is going ahead slowly because of ramadan. Move on, there's nothing to see here.
Why wouldn't it be built to it's original design/height? If the developer can get financing for it, then they can build it as they originally wanted. Can you elaborate more please?
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Old September 21st, 2011, 12:34 AM   #3071
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But can it get more financing? Will there be people who would like to live in Dubai? Dubai tried to become a center of the rich with tons of uber expensive residential space. The first recession hit it hard. Harder than the developers were willing to accept. Now they tried to make a second skyscraper boom there but it comes crashing down on them with the absence of funds. Even if there would be interest for expensive arabian residential space again there is still the threat of Saudi Arabia which is trying so much to beat Dubai in being the no.1 arabian country for rich people with their Kingdom Tower.

Yeah, maybe they'll get funds to complete this building, maybe not. Maybe they make it smaller like in the case of the MetLife North building in NYC. Who knows? The only thing I dare to state is that in my opinion Dubai will never reach again it's glory from the times before the 2009 recession.
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Old September 21st, 2011, 01:18 AM   #3072
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Quote:
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feels bad man
Agreed. This was my favorite scraper going up in Dubai.
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Old September 21st, 2011, 12:47 PM   #3073
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Quote:
Originally Posted by azn_man12345 View Post
Why wouldn't it be built to it's original design/height? If the developer can get financing for it, then they can build it as they originally wanted. Can you elaborate more please?
But they cannot finance it for the original design because the business case for it can never work... unless someone is planning to make a huge loss. I know the project inside out... it's never ever going to happen.
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Old September 21st, 2011, 10:37 PM   #3074
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Pretty sad. This is the best project of the city IMO.
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Old September 22nd, 2011, 12:50 AM   #3075
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Quote:
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...The only thing I dare to state is that in my opinion Dubai will never reach again it's glory from the times before the 2009 recession.
Never thought I'd say this, but I agree with Kanto.

I seriously doubt this gets built to full height. I can see a shortened version of this being built for sure, but how much shorter is anyones guess.

In regard to financing, if they could get financing this wouldn't be on hold. This was probably my favorite project in Dubai so it's sad to see it be put on hold, but I honestly am not surprised. Building a 122 story skyscrapers in the midst of a global recession in an area largely surrounded by wide open desert isn't going to attract many investors.
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Old September 23rd, 2011, 07:49 PM   #3076
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This project is definitely still on hold - there was no activity on the site when I was there last week. It's a shame because other than Infinity Tower there is nothing really special at the supertall block!

image hosted on flickr

DSC03656 by DJM160190, on Flickr

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DSC03631 by DJM160190, on Flickr

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DSC03632 by DJM160190, on Flickr
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Old September 24th, 2011, 11:45 AM   #3077
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I agree with you, most of the towers are rather lame. But (imo) the Ocean Heights's tower's cureves, are as sexy as Infinity's twist.
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Old September 24th, 2011, 12:19 PM   #3078
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Quote:
Originally Posted by droneriot View Post
The cessation of construction had nothing to do with Ramadan, it was a coincidence that both happened around the same time. The project went on hold due to a lack of funds.
you mean to tell me there's no demand for 30 100 storey buildings in a city with less than 1million people that recently went bankrupt??

gee, who'da thunk it
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Old September 24th, 2011, 07:17 PM   #3079
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Quote:
Originally Posted by djm160190 View Post
This project is definitely still on hold - there was no activity on the site when I was there last week. It's a shame because other than Infinity Tower there is nothing really special at the supertall block!
As the gossip says , developer boss already left the country and he is in Las Vegas now, its going to be ON HOLD for a long ...
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Old September 24th, 2011, 07:19 PM   #3080
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24/September/2011

Pentominium and Marina Arcade plot

[IMG]http://i55.************/a3chu8.jpg[/IMG]
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