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Old January 2nd, 2012, 09:56 AM   #3141
goschio
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Quote:
Originally Posted by CantFindMe View Post
they were packed so closely together because the developers and rulers of dubai were trying to mimic real cities like new york or chicago.
But there it's mostly office towers packed together. Expensive highrise apartments need great views.
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Old January 4th, 2012, 03:06 PM   #3142
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From the UAE section:

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I don't think we can hope for a restart so soon.
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Old January 5th, 2012, 03:04 PM   #3143
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Old January 6th, 2012, 09:30 PM   #3144
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Why is this on hold?
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Old January 6th, 2012, 10:09 PM   #3145
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Quote:
Originally Posted by goschio View Post
But there it's mostly office towers packed together. Expensive highrise apartments need great views.
i know, but that is still the reason why. i understand your point. why the hell build what are supposed to be luxury appartments right next to eachother when you have kilometers of undeveloped open land?
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Old January 7th, 2012, 12:33 AM   #3146
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Why is this on hold?
The developer ran out of money.
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Old January 7th, 2012, 03:02 AM   #3147
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Does someone know about any other developer interested to continue with this project? Or maybe investors planning to downsize or change use of the tower (i.e. hotel or mixed use)? It's very sad seeing the project on-hold.
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Old January 7th, 2012, 04:30 AM   #3148
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Does someone know about any other developer interested to continue with this project? Or maybe investors planning to downsize or change use of the tower (i.e. hotel or mixed use)? It's very sad seeing the project on-hold.
whats sad about seeing rationality and wise bussiness choices? theres no way this project would be profitable and thus no real reason to build it. if the developers of dubai developed with rationality in mind, dubai wouldnt have half of the buildings it has now.
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Old January 7th, 2012, 04:58 AM   #3149
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You're right. Real estate and construction is 100% business and must be profitable to the stockholders. Because this any project should be based in serious research and evaluation...financial, technical, market, scenario planning, etc. The issue I can't understand about many Dubai's developers is the lack of rationality you mention, maybe they are thinking about very-long-term development (i.e. when they will be out of oil) to re-focus the economy into other business or tourism, or perhaps only megalomania to show what they can do.

Anyway, despite the above said, I like this tower and I'd like to see it finished.
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Old January 7th, 2012, 08:12 AM   #3150
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i like the design of this building too, and its a shame that it wasnt built rather than the horrid towers that have already been built in dubai. however, bussiness is bussiness and i think real estate shouldbe built based on demand, not ego.
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Old January 7th, 2012, 01:03 PM   #3151
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Did the design phase cost so much?
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Old January 7th, 2012, 06:18 PM   #3152
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I don't have idea about this project, but in my construction project experience, the design phase (research, outline, basic engineering, detail engineering, legal, bidding process and contractor adjudication) costs not less than 15% of the total investment. Because this reason, it's a key issue the previous research and evaluation (i.e. market, finance, etc) BEFORE the engineering design.
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Old January 13th, 2012, 05:33 PM   #3153
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13/January/2012

Pentominium

[IMG]http://i44.************/1zfswwm.jpg[/IMG]

[IMG]http://i44.************/11kkvwj.jpg[/IMG]

[IMG]http://i40.************/do8mxe.jpg[/IMG]
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Old January 15th, 2012, 07:02 PM   #3154
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January 12th

http://fotki.yandex.ru/users/keyone94/view/555057/


http://fotki.yandex.ru/users/keyone94/view/555058/
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Old January 15th, 2012, 07:31 PM   #3155
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Quote:
Originally Posted by Imre View Post
13/January/2012
[IMG]http://i44.************/11kkvwj.jpg[/IMG]
very symbolic. too bad its on hold
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Old February 3rd, 2012, 03:32 PM   #3156
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3/February/2012

Pentominium

[IMG]http://i41.************/vxyg3s.jpg[/IMG]
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Old February 3rd, 2012, 03:49 PM   #3157
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it doesn't look any different
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Old February 3rd, 2012, 03:53 PM   #3158
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Sooner or later, it'll be back in action.

Just a matter of time.
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Old February 3rd, 2012, 04:38 PM   #3159
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Yea but it could be a repeat of the Chicago watertower, IE. lowered height.
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Old February 3rd, 2012, 05:43 PM   #3160
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Quote:
Originally Posted by Jay View Post
it doesn't look any different
Quote:
Originally Posted by Assemblage23 View Post
Sooner or later, it'll be back in action.

Just a matter of time.
Still the same and no sign about any movements here, it can be a very long story..
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