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Old December 1st, 2011, 11:09 PM   #541
MichalHajek
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Quote:
Originally Posted by Amrafel View Post
I did not believe that this tower would be built, so I am even more happy that I see such progress on it
Hey Bratislava Guy As I see from the picks, it struggles with one floor/ a month, but lets hope it will be "once" completed. Positive fact is, that the project is backed by the Al Habtoor Holding, a mighty conglomerate that i guess will secure suffcient funding to this project. Recently they re-launched some big-scale project such as Waldorf Astoria resort on Palm Jumeirah, so they have confidence in Dubai property and hospitality market.
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Old December 6th, 2011, 09:31 AM   #542
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Quote:
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Some pics I took last night:

..
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Old December 6th, 2011, 09:51 AM   #543
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Thanks! Were they working there PrincessTower?
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Old December 6th, 2011, 10:45 AM   #544
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photo was taken by desert diver. I drive by from time to time and there is progress every time I look, but pretty slow.
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Old December 6th, 2011, 03:51 PM   #545
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really nice tower
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Old December 18th, 2011, 12:41 PM   #546
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15 December 2011

Tower 2: Casting for beams at L6 in progress


Tower 4: Casting for internal slab at L5 in progress


Tower 1: Casting of Toppings & and construction of columns at L7-L8 in progress


Tower 3: Construction of columns L6-L7 in progress.

www.dubaipearl.com
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Old December 18th, 2011, 12:56 PM   #547
sic!
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such a beautyful project but so slow progress. they should hire some chinese workers then it would be finished in one year
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Old December 20th, 2011, 12:38 PM   #548
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Some Chinese money, is more like it
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Old December 20th, 2011, 06:30 PM   #549
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Let them build their own towers first.
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Old January 15th, 2012, 06:47 PM   #550
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January 7th

http://fotki.yandex.ru/users/keyone94/view/555051/


http://fotki.yandex.ru/users/keyone94/view/555049/


http://fotki.yandex.ru/users/keyone94/view/555050/
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Old January 15th, 2012, 07:33 PM   #551
KillerZavatar
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at least this is not on hold..
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Old January 15th, 2012, 08:19 PM   #552
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but at this speed you almost could call it on hold
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Old January 15th, 2012, 08:51 PM   #553
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Is there honestly a need for this much space?
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Old January 15th, 2012, 08:52 PM   #554
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It reminds me of coma. Almost no signs of life, but we still can't call it dead, can we?
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Old January 15th, 2012, 09:01 PM   #555
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Quote:
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Is there honestly a need for this much space?
I have hard time believing there is. This one building is more than 6 million square feet of residential, hotel and office space last I heard. Frankly, I think the amount of demand there is for this building is reflected accurately in the pace of construction. Which is to say, the last thing an already over supplied commercial and residential real estate market needs is another 6 million square feet of space out looking for tenants.
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Old January 15th, 2012, 09:29 PM   #556
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I have hard time believing there is. This one building is more than 6 million square feet of residential, hotel and office space last I heard. Frankly, I think the amount of demand there is for this building is reflected accurately in the pace of construction. Which is to say, the last thing an already over supplied commercial and residential real estate market needs is another 6 million square feet of space out looking for tenants.

you be surprised how quickly developments fill these days. even large ones in remote areas (i.e. almost out in the desert), like the big Sky Courts Towers.

this one would be more than easy to fill. the challenge is to get premium prices out of the market right now. but buying rate have been picking up tremendously the last few months...
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Old January 16th, 2012, 02:55 AM   #557
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Which would be why they are building slowly, so that by the time they finish the market should have caught up a lot.

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Old January 16th, 2012, 11:20 AM   #558
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Or perhaps because the cash flow is tight
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Old January 16th, 2012, 02:05 PM   #559
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such a huge building in area
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Old January 17th, 2012, 01:35 PM   #560
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Or perhaps because the cash flow is tight

Same thing really If the market was good at the moment they would have a good cash flow and would be building faster, but the market isn't good at the moment ie slow cash flow, slow building


Last edited by Eastern37; January 18th, 2012 at 02:29 AM.
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