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October 24th, 2008, 01:51 AM
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#11181 | |
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Registered User
Join Date: Jan 2006
Location: Greenville, SC
Posts: 8,128
Likes (Received): 7
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Quote:
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October 24th, 2008, 01:59 AM
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#11182 |
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Registered User
Join Date: Sep 2005
Location: Göteborg
Posts: 2,446
Likes (Received): 0
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I don know, the crisis is a credit/banking and currency problem (created basicly by greedy bankpractices and easy loans but that neither here nor there), the UAE has huge actual resource and cash reserves, primarily Abu Dhabi but id think Dubai as well.
Their economy is not credit based to the extent that some others have became.
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Stop the censorship in the BiH forums Castles And Fortresses [Alpe Adria] [Bosnia] Ecology [BiH] [GreenVisions Eco Tours]
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October 24th, 2008, 02:01 AM
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#11183 | |
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829.84m / 2,722ft
Join Date: Oct 2007
Location: Chicago
Posts: 2,424
Likes (Received): 8
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Quote:
Few believe that Dubai is really in danger of defaulting on its debt. It is, of course, only one of seven emirates in the U.A.E.; vastly wealthier Abu Dhabi or other Gulf countries would almost certainly rescue their neighbor in the event of a crisis. In a proactive move, the U.A.E. recently announced plans to guarantee domestic bank deposits for three years and inject some $30 billion into local banks. As for Dubai, any potential rescue would be relatively inexpensive, considering the hundreds of billions of dollars sloshing around in the region's sovereign wealth funds.
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"If you put the empire state building on top of the Sears Tower then it's reasonable to say you'll be in the neighbourhood," Mr Baker says. |
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October 24th, 2008, 02:16 AM
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#11184 |
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Rrrraaaaaahhhhhhh!!!!!!!
Join Date: Apr 2005
Location: Cork
Posts: 10,452
Likes (Received): 23
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Burj Dubai is probably the last project in the whole city that would go on hold
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October 24th, 2008, 03:30 AM
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#11185 |
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829.84m / 2,722ft
Join Date: Oct 2007
Location: Chicago
Posts: 2,424
Likes (Received): 8
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it wont go on hold, Emaar wont let it get behind more then it already is...
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"If you put the empire state building on top of the Sears Tower then it's reasonable to say you'll be in the neighbourhood," Mr Baker says. Last edited by helghast; October 24th, 2008 at 03:35 AM. |
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October 24th, 2008, 03:34 AM
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#11186 | |
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Y U NO LIKE??
Join Date: Sep 2005
Location: Kingdom Come
Posts: 24,617
Likes (Received): 576
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October 24th, 2008, 03:55 AM
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#11187 |
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sporkish.
Join Date: Oct 2008
Posts: 6
Likes (Received): 0
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But would it not be possible that IF construction was postponed...
they may -secretly- add more height than planned? Seeing as how they've done that -SECRETLY- all along...
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And the children that wash their hands can eat with kings.
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October 24th, 2008, 07:59 AM
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#11188 | |
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Registered User
Join Date: Sep 2007
Posts: 1,641
Likes (Received): 0
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Quote:
well, i guess i cant say anything, look at that tower in NK.... this one will be completed though, i hope... |
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October 24th, 2008, 10:33 AM
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#11189 | |
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Registered User
Join Date: Apr 2008
Posts: 3,624
Likes (Received): 124
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Quote:
 As for the new "fantasies", like One Dubai, Anara, Meraas Tower, I feel sory for them. Even the "smaler" projects like Pentominium, Buej al Alam, Lighthouse Tower, Damac Heights, are in danger. I don't know about the supertalls really under construction, if they be on hold or not. (Princess Tower, Marina 101, 23 Marina, Emirates Park Towers, etc) P.S. I doubt Abu Dhabi and the rest will chip in ~300 bilions to finance Dubai's extravagant future projects. But they will help finish the one started. 
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October 24th, 2008, 10:36 AM
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#11190 |
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Registered User
Join Date: Sep 2007
Posts: 17
Likes (Received): 0
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Credit Crunch
The funding for this project is already in place. New projects may be affected, but conjecture about the Burj is misplaced.
Great pictures and contribution Dennis, OTR, Culwulla, Fury etc....keeps me going at work! |
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October 24th, 2008, 11:14 AM
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#11191 | |
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The Modecator
Join Date: Jul 2004
Location: Tiranë / DUBAI / Vienna
Posts: 29,854
Likes (Received): 712
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Quote:
 
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I am the eye in the sky, Looking at you I can read your mind I am the maker of rules, Dealing with fools I can cheat you blind. |
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October 24th, 2008, 12:26 PM
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#11192 | |
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Back on the Track!!!
Join Date: Sep 2008
Location: Karachi
Posts: 566
Likes (Received): 3
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Quote:
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October 24th, 2008, 12:49 PM
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#11193 |
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Smith
Join Date: Aug 2007
Location: Singapore
Posts: 362
Likes (Received): 0
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BD will not be on hold...
But I dunno about Nakheel Harbour Tower... If it does cancelled, BD could be WTS for another few more years to come...
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Burj dubai current status (12/09/08): L171: 700.9m / 2300ft WORLD TALLEST STRUCTURE Last edited by Gattberserk; October 24th, 2008 at 12:55 PM. |
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October 24th, 2008, 12:53 PM
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#11194 |
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The Modecator
Join Date: Jul 2004
Location: Tiranë / DUBAI / Vienna
Posts: 29,854
Likes (Received): 712
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BD will NOT be on hold
 ... so now everybody cut the crap.
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I am the eye in the sky, Looking at you I can read your mind I am the maker of rules, Dealing with fools I can cheat you blind. |
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October 24th, 2008, 01:00 PM
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#11195 | |
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Smith
Join Date: Aug 2007
Location: Singapore
Posts: 362
Likes (Received): 0
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Quote:
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Burj dubai current status (12/09/08): L171: 700.9m / 2300ft WORLD TALLEST STRUCTURE |
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October 24th, 2008, 01:51 PM
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#11196 |
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i ♥ NY
Join Date: May 2006
Posts: 2,646
Likes (Received): 105
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Jiha now that´s what i call a brilliant picture.
 Source: http://farm4.static.flickr.com/3288/...16e42d4c_o.jpg
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Let the trolls starve, don't feed any troll. I ♥ NYC |
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October 24th, 2008, 02:35 PM
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#11197 |
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Registered User
Join Date: Jul 2008
Posts: 73
Likes (Received): 0
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Holy cow ... and it's not finished yet!!!
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October 24th, 2008, 02:47 PM
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#11198 |
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Registered User
Join Date: Sep 2002
Posts: 46,860
Likes (Received): 54
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i thought the Credit Crunch was a new breakfast cereal.?
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Sydney Harbour Bridge -1932, Sydney Opera House- 1973, Sydney Tower- 1981, Crown Hotel- 2015.. |
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October 24th, 2008, 03:08 PM
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#11199 | |
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Registered User
Join Date: Aug 2007
Posts: 1,865
Likes (Received): 14
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Quote:
  OK, this is really crazy. Is this a dream or is it real???  mindtripping!
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October 24th, 2008, 03:35 PM
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#11200 |
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Übereinstimmend
Join Date: Jan 2008
Location: GDL
Posts: 2,838
Likes (Received): 566
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WOOOOOW. Sometimes we lose sense of the scale of BD, but pictures like this last one give us a much better idea.
What a magnificent structure!!! |
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