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Old May 19th, 2014, 07:32 PM   #881
DubaiM
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Dubai Pearl fills the whole circle.
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Old May 19th, 2014, 11:43 PM   #882
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He's talking about something else.

To the right-down there is no plot. That's Internet City, a campus of Tech/IT businesses (Microsoft, Xerox, IBM, HP etc) with a lake in the middle.

The right-top circle is indeed a plot that had a hospitality project proposed in the past, but the US investor got into disagreement with the local authority controlling the plot and the contract was broken somewhere in 2007 - 8. Since than the plot has remained empty.
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Old May 20th, 2014, 01:33 PM   #883
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What's the problem to actually have a look at all the circles?
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Old August 11th, 2014, 06:25 PM   #884
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Any update?
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Old August 11th, 2014, 06:39 PM   #885
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It's on hold. Or the progress is so slow that it's not visible even after months...
this thread doesn't belong into the U/C section.
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Old August 12th, 2014, 11:41 AM   #886
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They have until december 2017 to finish the project.
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Old August 12th, 2014, 01:20 PM   #887
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and everyone doubts that - including me
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Old August 12th, 2014, 03:58 PM   #888
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this building is fast!!!
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Old August 12th, 2014, 04:49 PM   #889
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I'm sorry I really hate the design on this one, it just looks like a giant cinder block
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Old August 23rd, 2014, 09:04 PM   #890
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«لؤلؤة دبي» جاهزة في 2020 والاستثمارات 24 مليار درهم

Posted today

http://www.albayan.ae/economy/local-...8-23-1.2187395

كشف عبد المجيد الفهيم رئيس مجلس إدارة شركة لؤلؤة دبي، أن قيمة الاستثمار في مشروع لؤلؤة دبي تصل إلى 24 مليار درهم (ما يعادل 6.6 مليارات دولار)، وقال في تصريحات لـ (البيان الاقتصادي) إن العمل يتواصل في موقع المشروع وتجاوزت نسبة الإنجاز 35 %.

وأكد الفهيم عزم الشركة تسليم المشروع الذي تبلغ مساحته 20 مليون قدم مربعة خلال 4 سنوات، ليصبح أحد المشروعات العقارية الفارقة في المشهد العمراني للإمارة، وأحد أبرز الأيقونات المعمارية الجاهزة للمشاركة في استضافة الحدث العالمي إكسبو 2020، فضلاً عن مساهمتها في جذب السياح، مستفيداً من موقعه الفريد المطل على نخلة جميرا ...

For all who doesn't understand Arabic, the article, posted today, is stating that the Chairman of the Board of Directors of Dubai Pearl is claiming that this project will be done before expo 2020 with investment value of 24 billion dirhams (6.6 billion us dollars) and it's 35% completed till this day with ongoing work on site ...
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Old August 23rd, 2014, 09:41 PM   #891
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Can't wait. This will be a landmark of Dubai. Like a modern Arc of Triumph.
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Old August 23rd, 2014, 10:01 PM   #892
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But they definitely have to speed up a bit. With rhe current speed the tower wouldn't even be half way up in 6 years.
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Old August 23rd, 2014, 10:14 PM   #893
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Quote:
Originally Posted by ZZ-II View Post
But they definitely have to speed up a bit. With rhe current speed the tower wouldn't even be half way up in 6 years.
There is nothing happening. We don't even see updates anymore
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Old November 23rd, 2014, 02:36 PM   #894
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Work on Dubai Pearl to restart in December - CEO

Work on the Dubai Pearl will restart in December, with the $6bn megaproject set to be completed “by 2018”, the developer’s chief executive has said.

The project has been beset by a series of delays and management changes since it was originally announced in 2003. The company in charge of the Dubai Pearl is Pearl Dubai FZ LLC, a consortium of investors led by the UAE’s Al Fahim Group.

Overlooking the Palm Jumeirah, the Pearl Dubai masterplan involves four towers based around a large podium, complete with 1,490 apartments, seven five-star hotels, over 60 restaurants and a 1,600-seat theatre.

After stalling as a result of the property crash in Dubai, Hong Kong’s Chow Tai Fook Endowment Industry Investment Development (CTFE) took a $1.9bn stake in the project earlier this year. Reports at the time claimed that construction work would restart on site in the second quarter, although this never materialised.
“Construction will begin in December 2014 and accelerate by March 2015,” Dubai Pearl FZ LLC chief executive Santhosh Joseph said, in an emailed response to questions from Arabian Business.

Joseph added that “delivery of the project [would take place] by 2018” and that there had been no design changes to the overall masterplan since the investment by CTFE.

“It is purely a pre-sale agreed [sic] of certain assets and has not resulted in any design changes,” he said.

Three hotel companies – Bellagio, MGM Grand (both part of MGM Resorts) and Baccarat – have already signed up to operate properties in the Dubai Pearl.




In April this year, MGM Resorts and Abu Dhabi’s Hakkasan Group formed a joint venture hotel management firm, MGM Hakkasan Hospitality.

“We plan to sign two more partners in 2015,” Joseph said.

Habtoor Leighton Group (HLG), the project’s main contractor, declined to comment when approached by Arabian Business.

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Old November 23rd, 2014, 02:44 PM   #895
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Let's hope they stick to that plan
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Old November 23rd, 2014, 03:29 PM   #896
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I wish the best to al fahim family. Hope this project go a head
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Old November 23rd, 2014, 03:38 PM   #897
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About time huh! Just pray that this won't end like the supposed restart of the Pentominium.
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Old November 24th, 2014, 10:22 AM   #898
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Finally some good news here
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Old November 26th, 2014, 11:44 AM   #899
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OMG.... really ugly, this one.

I guess money cannot always buy taste.
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Old November 26th, 2014, 02:41 PM   #900
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Dude, change the tune once in a while
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