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Old April 13th, 2010, 05:18 PM   #201
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13 April Construction Update







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Old April 13th, 2010, 10:38 PM   #202
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Really slow progress...
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Old April 13th, 2010, 10:40 PM   #203
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I remember two years ago when so many new projects were validated fastly and now, these projects are cancelled or on hold. And there are no new projects... How long will the financial crisis last ?
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Old April 16th, 2010, 12:23 PM   #204
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16/April/2010

Dubai Pearl

[IMG]http://i41.************/20kw4zs.jpg[/IMG]

[IMG]http://i39.************/2i8vlw9.jpg[/IMG]

[IMG]http://i41.************/51oqp.jpg[/IMG]

[IMG]http://i40.************/2ecd8j8.jpg[/IMG]

[IMG]http://i39.************/28jwr61.jpg[/IMG]
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Old April 16th, 2010, 03:54 PM   #205
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welcome back Imre, I hope you had a nice holiday.
I am really looking forward to your pics.
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Old April 17th, 2010, 02:50 PM   #206
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I think there is a good progress last month. Starting up the work isn't easy as it looks, I think the progress will speed up after the first few floors finished.
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Old April 18th, 2010, 02:02 PM   #207
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The progress will be very fast if the contractor is being paid
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Old May 5th, 2010, 04:38 PM   #208
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3 May 2010






www.dubaipearl.com
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Old May 5th, 2010, 05:22 PM   #209
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2 floors up now, and still slow,but it's starting to pick up steam.
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Old May 6th, 2010, 07:08 PM   #210
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06/May/2010

Dubai Pearl

[IMG]http://i44.************/fcslfd.jpg[/IMG]

[IMG]http://i44.************/5dme89.jpg[/IMG]

[IMG]http://i44.************/20fifk.jpg[/IMG]

[IMG]http://i41.************/x38exf.jpg[/IMG]

[IMG]http://i39.************/2jcl8n.jpg[/IMG]

[IMG]http://i40.************/a5iagw.jpg[/IMG]

[IMG]http://i44.************/i26jbk.jpg[/IMG]

[IMG]http://i41.************/24yb66v.jpg[/IMG]

[IMG]http://i40.************/x10ltc.jpg[/IMG]

[IMG]http://i40.************/2v9ybn7.jpg[/IMG]
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Old May 6th, 2010, 11:13 PM   #211
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Great update, glad to see it progressing well!
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Old May 7th, 2010, 01:28 AM   #212
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Yes, so nice to see this moving ahead anyway. One of my favourite projects in Dubai.
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Old May 7th, 2010, 04:41 AM   #213
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Quote:
Originally Posted by Parisian Girl View Post
Yes, so nice to see this moving ahead anyway. One of my favourite projects in Dubai.
I've just checked, but this is either going very slowly or it's on hold?? Anyone know for sure?
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Old May 7th, 2010, 04:48 AM   #214
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I don't see any workers
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Old May 7th, 2010, 07:03 AM   #215
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Quote:
Originally Posted by Parisian Girl View Post
I've just checked, but this is either going very slowly or it's on hold?? Anyone know for sure?
U/C with few workers only thats why the slow progress.

Main contractor is very good , what I have heard probably some financial problems around the developer.If they can solve the problems this would be very fast.

Quote:
Originally Posted by Uaarkson View Post
I don't see any workers
I took those pics around 5-6 p.m.
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Old May 9th, 2010, 03:14 AM   #216
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Quote:
Originally Posted by Imre View Post
U/C with few workers only thats why the slow progress.

Main contractor is very good , what I have heard probably some financial problems around the developer.If they can solve the problems this would be very fast.
Thanks Imre
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Old May 20th, 2010, 10:04 AM   #217
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17 May Construction Update



Tower 1 - Construction of P2 level beams and corewall at P1-P2 level in progress



Tower 2 - Rebar works for core wall at B1level in progress



Tower 3 - Scaffolding works and formworks for beam construction at P2 level in progress



Tower 4 - Jump form platform work
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Old June 3rd, 2010, 05:20 AM   #218
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Dubai Pearl developer cuts cost of apartments to avoid defaults

Angela Giuffrida | Last Updated: June 02. 2010 9:30PM UAE / June 2. 2010 5:30PM GMT

The developer of the Dubai Pearl has cut 40 per cent off the cost of apartments bought at the peak of the market in a bid to avoid customer defaults.

There will also be fewer offices built at the Dh15 billion (US$4.08bn) project, which will include MGM Grand and Bellagio hotels, as Pearl Dubai curbs commercial supply in an already saturated market.

Luxury apartments at the project sold for as much as Dh6,500 a square foot in 2008. Those who bought at this price will now pay 40 per cent less, while others have been given discounts of 10 per cent. Buyers have also been given longer to pay for their properties as the developer tries to limit defaults, while the construction deadline has been put back to 2013, two years later than planned.

“Today, sentiment is low,” said Abdul Majeed Ismail al Fahim, the chairman of Pearl Dubai. “I don’t blame people but we are also accommodating all our customers and we have given them significant discounts.”

Meanwhile, more amenities, such as recreational facilities, have been added to the project to provide residents with a “better product”, Mr al Fahim said.

About 1,445 homes are under construction at Dubai Pearl, 95 per cent of which have been sold.

“People will come to realise, as market sentiment improves, that what they have invested in is a real investment,” Mr al Fahim said.

Dubai Pearl, opposite Palm Jumeirah, will be made up of four 73-storey towers including residential and commercial space and seven hotels. Al Habtoor Leighton is working on a Dh8.85bn contract to build the project, which has about 600 workmen on site.

All four buildings are planned for completion in 2012, while the hotels will be ready one year later.

Pearl Dubai also paid more than Dh100 million in 2008 for Archangel, an island that forms part of Siberia in Nakheel’s The World island development.

The island, for which the company has so far paid about 40 per cent of the price, was intended for the sole use of residents at Dubai Pearl.

Reclamation for more than 250 islands was completed at The World in early 2008, although construction has only begun on The Heart of Europe, a group of six islands being developed by the German company the Kleindienst Group.

“My initial plan was to start work on the island this year but I’m not planning to now,” said Mr al Fahim.

“Nevertheless, the island is there and has a very nice design. We’ll see how Nakheel will co-operate because the situation is different and the viability of that project has changed.”

Dubai Pearl was launched in 2003 and was intended to be developed by a company owned by Dubai Pearl Incorporated, part of the Qatar-based Omnix International.

But delays led the Dubai Technology, e-Commerce and Media Free Zone, in which the project is located, to assume control in 2006.

Pearl Dubai then took over the development in October 2007, redesigned it and demolished what had already been built of the original project. >> The National


600 workers on site. lol
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Old June 3rd, 2010, 05:20 AM   #219
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wow amazing project and very nice style
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Old June 3rd, 2010, 05:29 AM   #220
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Dubai Pearl project tenders issued

Construction costs will drop to Dh7.4bn from Dh9bn plus, as tenders for MEP and facade are issued.

By Sona Nambiar | Published Thursday, June 03, 2010

[IMG]http://i45.************/34yeni1.jpg[/IMG]
The Ring Road will be the point of direct access to the mixed-used development. (SUPPLIED)

The MEP (mechanical, electrical and plumbing) and aluminium and glazing (façade) tenders on the Dubai Pearl project has been issued by the main contractor and is scheduled to be finalised by September according to the CEO.

Meanwhile, the construction costs were brought down, he said. "We signed the original contract in late 2008 as a gross maximum price (GMP) one. The total value was nearly Dh9bn -plus then and we were able to bring it down to Dh7.4bn, which is a good saving and has been passed on to our customers, Santhosh Joseph, Chief Executive Officer of Dubai Pearl, told Emirates Business. The project is expected to be complete by end-2012 or beginning 2013.

"The MEP tender has been issued by the main contractor (Al Habtoor-Leighton) and scheduled to be finalised by September 16. The aluminium and glazing (façade) tender has been issued and the sub-contractor will be appointed by September 30," he said. The lifts and escalators tender has been issued by main contractor and the sub-contractor will be on board by October 15. "The project has already got the pre-Gold Leed rating and it took us some time to achieve it," he said. "We are in the middle of getting the Gold Certification." The economies of scale will work in favour of the developer who plans to work on multiple buildings at the same time. "We can aggressively do a floor a week but have decided against it and plan to take one-and-a-half to two weeks on a floor. The finishing will take time though we have sold many units as shell and core. So we can start delivering by late 2012 and hotels will take longer than that. We have shifted our programme but that suits our customers. We have also changed our components on the projects so that the residential component is 42 per cent, offices 24 per cent [earlier, both were equal], retail and others 15 per cent and the seven hotels comprise 19 per cent, due to the change in market conditions."

Around 30,000 people are expected to live within this mixed-use development, which has anchors such as wellness, sport and entertainment. "The aim is to create an entertainment district for Dubai and we will start a creative society to incubate local talent in all walks of life," said Joseph. "Landscaping is still a provisional aspect on the tenders list. Since it will comprise 45 per cent of external spaces, we will be involved on that aspect." The development will be pedestrianised with climate-controlled walkways.

DESIGN AND PLANNING

The project had its share of issues and had received much flak after its initial launch in 2002 by Omnix Group. Due to the slow progress, master developer Tecom Investments sold the project to a group of investors led by Al Fahim Group, which repositioned the development and re-launched it.

Dubai Pearl is to be built entirely on an urban infill. The site is surrounded on the north by Knowledge Village and on the south by Media and Internet Cities.

The Podium Palaces are on the Palm Jumeirah side of the development, the four towers joined by a single roof are in the centre and the Pearl Plaza is on the Sheikh Zayed Road side. The size of the site is 1.8 million square feet.

Schweger Association Architects said: "The main building will be constructed of steel and concrete columns with glass façade. The crown of the building is an 18-metre high steel structure connecting the central cores for the different towers." Meinhardt, the lead engineers, will do the Gold Leed rating certification.

The master plan envisages a mixed-use development and the Ring Road will be the point of direct access to the site. The project will feature five access areas – The Palm (entrance), Ring Road (entrance and exit), Al Sufouh (exit), Tecom roundabout (exit and entrance) and Dubai Media City (exit).

FACT FILE

- The excavation for the four towers, measuring 8.07m from the bottom of the raft to the ground level, was completed in eight weeks. Each foundation slab is 3.25m thick with a 3,072 sqm cubic area

- About 44,000 cubic metres (m3) of concrete were poured into the foundation of the towers; and utilising more than 10,000 tonnes of steel reinforcements

- The raft foundation on Tower 4 comprises 11,500 m3 of concrete, 2,500 metric tonnes of steel reinforcements and took a record 30 hours in one continuous pour to complete

- Currently 600 people are on site daily and over 100 people are working inside on the core wall at a given time

- Tower 1 and 3 are at level three; Tower 2 and 4 at level two

- The site has a 132KV substation and a dedicated district cooling plant

>> Business 24/7
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