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Old November 26th, 2009, 05:32 PM   #22241
Oasis-Bangkok
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Burj Dubai Lego



























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Old November 26th, 2009, 05:57 PM   #22242
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Read the two articles below: Dubai default fears spook investors


Dubai is in huge trouble. It's defaulting on its $80 billion debt.



http://www.ft.com/cms/s/0/46b4065c-d...nclick_check=1


http://www.ft.com/cms/s/0/554a5c30-d...44feabdc0.html
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Old November 26th, 2009, 06:37 PM   #22243
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Will they stop construction of the BD?
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Old November 26th, 2009, 06:39 PM   #22244
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I doubt it at this phase of construction, but all the articles I read spoke of canceling some of the artificial islands. It sounded like they were talking about The World.
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Old November 26th, 2009, 06:49 PM   #22245
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Quote:
Originally Posted by Wuhy_9 View Post
Amazing
Did you have to quote the entire large picture, just to say "amazing"?
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Old November 26th, 2009, 07:25 PM   #22246
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Quote:
Originally Posted by Old Town Resident View Post
Will they stop construction of the BD?
I also heard about those news about Dubai, but i dont really think that they will stop construction on BD...
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Old November 26th, 2009, 07:36 PM   #22247
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Quote:
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Burj Dubai Lego
Where do you get all those pieces from???
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Old November 26th, 2009, 07:45 PM   #22248
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New lights, new toy!




Last edited by Old Town Resident; November 26th, 2009 at 07:59 PM.
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Old November 26th, 2009, 08:00 PM   #22249
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Oh, and the height will be 869.5
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Old November 26th, 2009, 08:32 PM   #22250
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are you sure?!
from where did you get this information?
would be very nice if its correct!
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Old November 26th, 2009, 08:47 PM   #22251
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The State of Duba´ has filed for bankruptcy.

It means Duba´ has financed dozens of super-towers doomed to stay empty and the taxpayers will pay the cost. I am not surprised at all. At the opposite it was widely expected. Most towers are hideous, and located in the desert far away from cities that rule the world of economics: NYC, London, HK, Paris, Shanga´, etc.

It does not work that way all around the world: a business case, an economic rationale, is required before starting construction. Private money finances most projets. This is the reason we avoid the construction of towers with no demand.

Sad but true. I hope the best for Duba´.
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Old November 26th, 2009, 09:15 PM   #22252
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Dubai's not bankrupt, there just asking for a freeze on all debt for the next six month's so they can most likely restructure, that's all. Realistically they still have untill the end of December to pay the debt. About your world city's, and company's, just AIG took more money from the U.S. government than the whole of Dubai's debt to stay alive. Don't forget how much money western country's just printed to keep there economy's going. Don't count Dubai out yet.
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Old November 26th, 2009, 09:25 PM   #22253
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They are basically asking for a bailout (extra credit for 6 months), and threaten with a default if investors don't agree.
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Old November 26th, 2009, 09:50 PM   #22254
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Quote:
Originally Posted by Dubai Skyscraper View Post
... from where did you get this information?
From ... Tasjeel
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Old November 26th, 2009, 10:15 PM   #22255
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sad news if true , but surely they people putting the money in would of had an idea that all was not right wiht the economy ?
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Old November 26th, 2009, 10:47 PM   #22256
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I saw pictures on some previous page and I have to intall Sim City 4 again
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Old November 26th, 2009, 10:48 PM   #22257
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No, most investors aren't idiots. They saw potential for development and they took it. But for the next decade there are probably going to be a lot of holes in the sand.
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Old November 26th, 2009, 11:03 PM   #22258
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Quote:
Originally Posted by AltinD View Post
From ... Tasjeel
Spotted Altin
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Old November 26th, 2009, 11:07 PM   #22259
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Quote:
Originally Posted by gegloma01 View Post
The State of Duba´ has filed for bankruptcy.

It means Duba´ has financed dozens of super-towers doomed to stay empty and the taxpayers will pay the cost. I am not surprised at all. At the opposite it was widely expected. Most towers are hideous, and located in the desert far away from cities that rule the world of economics: NYC, London, HK, Paris, Shanga´, etc.

It does not work that way all around the world: a business case, an economic rationale, is required before starting construction. Private money finances most projets. This is the reason we avoid the construction of towers with no demand.

Sad but true. I hope the best for Duba´.
That kind of news are normal in the business world. Dubai got oil yet. Dubai investiments will have much return in the future. Probably in the present dubai is already one of the worlds business centers. Give some years and dubai will have a lot of profit!

I believe
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Old November 26th, 2009, 11:20 PM   #22260
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Quote:
Originally Posted by Slugbelch View Post
Hi Imre/Fury. Hope to see you there next year.

Fury, I'm trying to get you there too, but E***R politics is very difficult in the approval process dept. More details in your PM later.

HAPPY HOLIDAYS
When will you come next year?

Happy Holidays
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