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Old September 27th, 2010, 02:47 PM   #281
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Originally Posted by no_gods View Post
27 september

Tower 1: Jump form (P5-L6) completed, Construction of internal slab, columns, stairs' landing completed till P2 level.



http://www.dubaipearl.com/info/construction
finally some updates. is it going a bit faster now or still ultra slow?
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Old September 27th, 2010, 06:34 PM   #282
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No its a ultra large project... so it will take time to construct.



27-09-2010

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Old September 27th, 2010, 09:49 PM   #283
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No its a ultra large project... so it will take time to construct.
its as large as amazing
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Old September 27th, 2010, 10:12 PM   #284
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seriously, no matter how fast this project will build, it will still take for ever!!
So lets relax for few years and hopefully we will see it coming
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Old September 28th, 2010, 04:01 AM   #285
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Quote:
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finally some updates. is it going a bit faster now or still ultra slow?
How fast do you expect a 20,000,000 sqft project too go ?
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Old September 28th, 2010, 04:05 AM   #286
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The road that wraps around the complex is constructed on 2nd story above sea level...awesome
It should/will help with traffic to and from the island. Thats thinking ahead.

The building is nice looking...although I would have designed it to look like an oyster or something.
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Old September 28th, 2010, 04:33 AM   #287
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Better Construction Update

27 Sep 2010

[IMG]http://i52.************/3151u77.jpg[/IMG]

[IMG]http://i54.************/29wsg3a.jpg[/IMG]

[IMG]http://i54.************/2cxx0fd.jpg[/IMG]

[IMG]http://i56.************/2z4iz2a.jpg[/IMG]

Thanks to 234 Sale
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Old September 28th, 2010, 07:25 AM   #288
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Yeah, that's a good site overview.

Are these 8 cranes the only ones and go up all the way, or will they be dimantled when ground work is done? Most cranes on Dubai supertalls don't have horizontal jibs. I could imagine the arrival of about 4 taller cranes, that get attached to the cores of each tower. This would be a good sign of speeding up...
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Old September 28th, 2010, 01:45 PM   #289
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Quote:
Originally Posted by Dan Hochhaus View Post
Yeah, that's a good site overview.

Are these 8 cranes the only ones and go up all the way, or will they be dimantled when ground work is done? Most cranes on Dubai supertalls don't have horizontal jibs. I could imagine the arrival of about 4 taller cranes, that get attached to the cores of each tower. This would be a good sign of speeding up...
This is because most projects in Dubai don't have the large area to work with like the Pearl. The hammerheads arn't used on smaller projects because of the extra space required for the counterweights so they can't be placed too close to the site boundaries. Hopefully i've explained it well enough lol.
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Old September 28th, 2010, 05:13 PM   #290
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Quote:
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How fast do you expect a 20,000,000 sqft project too go ?
so fast that i think i'm dreaming :P
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Old September 30th, 2010, 01:17 AM   #291
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I dont think there was any progress since few months now!
No matter how many cranes they have on site, its pretty big and it will always be taking long time
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Old September 30th, 2010, 09:33 PM   #292
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Quote:
Originally Posted by lotec View Post
This is because most projects in Dubai don't have the large area to work with like the Pearl. The hammerheads arn't used on smaller projects because of the extra space required for the counterweights so they can't be placed too close to the site boundaries. Hopefully i've explained it well enough lol.
Yes, thanks a lot. I had guessed the space factor already...

But on first view, the site appears like a usual midrise housing project anywhere to me - no giant hole, no massive steel elements etc. So it's hard to understand the real dimensions of this, and the cranes appear as if they wouldn't be meant to rise up to over 300m. But surely they'll do.
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Old October 2nd, 2010, 02:13 PM   #293
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Quote:
Originally Posted by saeed View Post
I dont think there was any progress since few months now!
No matter how many cranes they have on site, its pretty big and it will always be taking long time
i think when a project goes for 5 mounths and barely changes, it fair to say its going slowly, no matter how large the project
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Old October 2nd, 2010, 11:38 PM   #294
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ok , I agree with you, its getting boring in here!
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Old October 10th, 2010, 03:14 AM   #295
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http://www.bbc.co.uk/news/business-11508923
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Old October 10th, 2010, 01:55 PM   #296
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Nice video.

Though I couldn't help but burst into laughter at the voice of the guy at the end.
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Old October 12th, 2010, 01:13 PM   #297
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12 October 2010

Tower 1: Construction of corewall at L5-L6 is in progress. Beams till P2 level and columns at P1-P2 completed


Tower 2: Core wall cast up to P4-L5 jump form system ready to jump up to L5-L6, Construction of beam at P1 level, Nibs P1 to P3


Tower 3: Core wall up toP4-L5 completed and jump form up to Level L5-L6.Construction of internal slab at P3level in progress


Tower 4 : Works for the construction of core wall at P3-P4 in progress. Columns at B1-P1 and beams at P1 level completed.

www.dubaipearl.com
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Old October 14th, 2010, 01:59 AM   #298
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Nice video.

Though I couldn't help but burst into laughter at the voice of the guy at the end.
You and me both!

How that woman managed to keep a straight face when he began talking I have no idea.
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Old October 14th, 2010, 03:53 AM   #299
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this will be huge !!
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Old October 31st, 2010, 08:44 PM   #300
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Dubai Pearl starts to issue cancellation notices

Bradley Hope | Last Updated: Oct 31, 2010

Investors in the US$6 billion (Dh22.03bn) Dubai Pearl project, one of the most prominent luxury developments in the emirate, have started receiving cancellation notices as the developer raises the stakes in its stand-off with buyers.

Sandra Abeyawickrema and her husband invested in three apartments in the project, and received a letter from the Dubai Land Department this month informing her that if they did not pay several hundreds of thousands of dirhams to meet the next payment, their contracts could be cancelled and their deposits seized.

"We simply cannot come to an agreement with the developer on consolidation and price reduction," Mrs Abeyawickrema said. "We love Dubai Pearl as a project on paper but they won't give realistic prices in today's climate. It doesn't make sense."

The letters from Dubai Pearl follow similar moves from a handful of developers across Dubai since the start of the year. If developers can successfully cancel contracts, they are able to avoid refunding any money to buyers. But if developers fail to make construction progress, the regulator may cancel projects and require them to pay back investors.

Investors have the option to contest cancellation before it becomes official. Dubai Pearl has offered major discounts, as much as 30 per cent in some cases. Due to the steep decline in property prices, however, investors said even if they kept paying at that rate they might still lose more money than if they had simply walked away.

Patrick Mills, another investor in the Dubai Pearl, said many fellow investors would prefer the project to be cancelled altogether and thus collect a portion of their down payment as a refund. Mr Mills bought an apartment and a floor of office space in the project.

"They are trying to turn the screws with the cancellation notices," he said. "But if you take a helicopter view, this project is way too big for the market to handle. I struggle to see how they are going to fit that much office space."

Mr Mills, a retired businessman in the UK, said he had already lost some 70 per cent of his savings on Dubai property investments that he has now written off as worthless.

He said he would prefer Dubai Pearl be mothballed for a decade until the market recovered or cancelled so that he could get a partial refund.

Dubai Pearl did not provide details on the number of buyers in default who had been sent cancellation notices but it said the number was "not unusual".

"Given the size and scale of a development such as Dubai Pearl, it is not unusual for some buyers to potentially default on their payments during the course of the construction process," the company said.

"However, the Dubai Pearl team has worked hard with any investors experiencing difficulties to manage this process appropriately, to try and avoid this from happening wherever possible."

Dubai Pearl has been seeking alternative funding to finance the project. The company took a roadshow to Singapore to seek investors and offered some of its major buyers the chance to consolidate if they invested more money into the project.

The company said the $2.5bn first phase of the project was being funded by equity and "quasi-equity" investment, as well as loans and pre-sales of property.

The company is owned by a consortium of investors led by Abu Dhabi's Al Fahim Group.

The Land Department said construction had reached 17.65 per cent completion. Handover is expected in 2013.

[email protected] / The National
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