DUBAI | The Pentominium | 516m | 1693ft | 122 fl | On Hold - Page 158

goschio · January 2nd, 2012, 08:56 AM

Quote:

Originally Posted by CantFindMe

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.

germantower · January 4th, 2012, 02:06 PM

From the UAE section:

Quote:

Originally Posted by VCollaborator

http://www.emirates247.com/business/...01-04-1.435830

I don't think we can hope for a restart so soon.

AEMV · January 5th, 2012, 02:04 PM

DarkShadows1966 · January 6th, 2012, 08:30 PM

Why is this on hold?

CantFindMe · January 6th, 2012, 09:09 PM

Quote:

Originally Posted by goschio

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?

spectre000 · January 6th, 2012, 11:33 PM

Quote:

Originally Posted by DarkShadows1966

Why is this on hold?

The developer ran out of money.

pablo2008 · January 7th, 2012, 02:02 AM

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.

CantFindMe · January 7th, 2012, 03:30 AM

Quote:

Originally Posted by pablo2008

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.

pablo2008 · January 7th, 2012, 03:58 AM

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.

CantFindMe · January 7th, 2012, 07:12 AM

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.

tim1807 · January 7th, 2012, 12:03 PM

Did the design phase cost so much?

pablo2008 · January 7th, 2012, 05:18 PM

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.

Imre · January 13th, 2012, 04:33 PM

13/January/2012

Pentominium

Keyone · January 15th, 2012, 06:02 PM

January 12th

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

http://fotki.yandex.ru/users/keyone94/view/555058/

KillerZavatar · January 15th, 2012, 06:31 PM

Quote:

Originally Posted by Imre

13/January/2012

very symbolic. too bad its on hold

Imre · February 3rd, 2012, 02:32 PM

3/February/2012

Pentominium

Jay · February 3rd, 2012, 02:49 PM

it doesn't look any different

Assemblage23 · February 3rd, 2012, 02:53 PM

Sooner or later, it'll be back in action.

Just a matter of time.

Jay · February 3rd, 2012, 03:38 PM

Yea but it could be a repeat of the Chicago watertower, IE. lowered height.

Imre · February 3rd, 2012, 04:43 PM

Quote:

Originally Posted by Jay

it doesn't look any different

Quote:

Originally Posted by Assemblage23

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..

January 5th, 2012, 02:04 PM	#3143
AEMV Ciudadano del Mundo... Join Date: Jul 2008 Location: Maracaibo Posts: 2,133 Likes (Received): 18	__________________ 483 AÑOS \| MARACAIBO

January 6th, 2012, 08:30 PM	#3144
DarkShadows1966 Construction Updater Join Date: Jun 2010 Location: Santo Domingo Posts: 2,815 Likes (Received): 1	Why is this on hold? __________________ ©2010-2012 DarkShadows1966 Todos los derechos reservados ------------------------------------------------------ "Imperfection is inherited, therefore we all sin, but fighting the war of sin is the greatest war of all because we all die in the end no matter how hard we fight." -Tupac Shakur

January 7th, 2012, 12:03 PM	#3151
tim1807 faster than buildings Join Date: May 2011 Location: Den Helder Posts: 6,714 Likes (Received): 609	Did the design phase cost so much? __________________ ''how you doin''

January 13th, 2012, 04:33 PM	#3153
Imre Dubai Join Date: Jan 2005 Location: Dubai Posts: 41,364 Likes (Received): 25	13/January/2012 Pentominium __________________ Dubai Construction Update Dubai photos by Imre Solt

January 15th, 2012, 06:02 PM	#3154
Keyone \\ Join Date: Nov 2010 Location: Novorossiysk-Krasnodar Posts: 2,456 Likes (Received): 44	January 12th http://fotki.yandex.ru/users/keyone94/view/555057/ http://fotki.yandex.ru/users/keyone94/view/555058/ __________________ НОВОРОССИЙСК: Cтроительство, Инфраструктура, Фото города, Архитектура, Памятники, Торговые центры, Список зданий 20+

January 7th, 2012, 02:02 AM	#3147
pablo2008 Registered User Join Date: Jun 2008 Location: Santiago Posts: 448 Likes (Received): 50	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.

January 7th, 2012, 03:58 AM	#3149
pablo2008 Registered User Join Date: Jun 2008 Location: Santiago Posts: 448 Likes (Received): 50	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.

January 7th, 2012, 07:12 AM	#3150
CantFindMe BANNED Join Date: Dec 2011 Location: London Posts: 59 Likes (Received): 0	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.

January 7th, 2012, 05:18 PM	#3152
pablo2008 Registered User Join Date: Jun 2008 Location: Santiago Posts: 448 Likes (Received): 50	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.

February 3rd, 2012, 02:32 PM	#3156
Imre Dubai Join Date: Jan 2005 Location: Dubai Posts: 41,364 Likes (Received): 25	3/February/2012 Pentominium __________________ Dubai Construction Update Dubai photos by Imre Solt

February 3rd, 2012, 02:49 PM	#3157
Jay Registered User Join Date: Oct 2004 Location: Buenos Aires Posts: 2,012 Likes (Received): 28	it doesn't look any different

February 3rd, 2012, 02:53 PM	#3158
Assemblage23 Übereinstimmend Join Date: Jan 2008 Location: GDL Posts: 2,729 Likes (Received): 463	Sooner or later, it'll be back in action. Just a matter of time. __________________ Wichtige Änderungen beginnen immer mit ganz neuen Perspektiven. -

February 3rd, 2012, 03:38 PM	#3159
Jay Registered User Join Date: Oct 2004 Location: Buenos Aires Posts: 2,012 Likes (Received): 28	Yea but it could be a repeat of the Chicago watertower, IE. lowered height.

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