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Old January 29th, 2009, 11:16 AM   #1281
Buyckske Ruben
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Old January 29th, 2009, 11:20 AM   #1282
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Quote:
Originally Posted by Buyckske Ruben View Post
Work stops on world's highest tower amid fears of Middle East meltdown
Friday, 16 January 2009
Work on the world's highest tower in Dubai has been halted by the global financial crisis in the starkest sign yet that developers are facing meltdown.

Nakheel, the state owned developer, famous for its palm tree shaped islands, confirmed that it has delayed work on the iconic one kilometere high tower for at least a year.



link: http://www.propertywire.com/news/mid...901162420.html
LIKE A SAY EARLIER ITS ON HOLD !!!
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Old January 29th, 2009, 11:22 AM   #1283
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i said 3 weeks ago that this project should be on hold...
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Old January 29th, 2009, 11:30 AM   #1284
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so did I, every source has confirmed this project is on hold for 1 year..... FFS.
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Old January 29th, 2009, 12:31 PM   #1285
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29/January/2009

Nakheel Harbour Tower

game over







I heard, its not just ON HOLD, Nakheel will never start here again, maybe another one which can survive this market situation.
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Old January 29th, 2009, 12:36 PM   #1286
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Imre, you think the whole project is shelved?

I thought ''on hold'' for 1 year then it will take like 3 years just for foundations''

Maybe the whole thing was just BS at Cityscape to get the market going again - which it failed miserably
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Old January 29th, 2009, 12:36 PM   #1287
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ok, but after 1 year the Nakheel will still exist?

Hopefully, yes, and they will start again!
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Old January 29th, 2009, 12:43 PM   #1288
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On hold... I hope they will change the design of the top. Look so tacky. The podium is good.
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Old January 29th, 2009, 01:01 PM   #1289
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who knows what 1 year will do to dubai / market e.t.c

either come back stronger and better / or there ******
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Old January 29th, 2009, 01:35 PM   #1290
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or investors will run to Mecca (+30 supertalls and hundreds of other skyscrapers) or Kuwait.






investing there is more secure (and probably very profitable).

Last edited by luci203; January 29th, 2009 at 01:42 PM.
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Old January 29th, 2009, 03:32 PM   #1291
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the building on hold was not very beautiful.....may, after the world crisis, they will make a 2Km tall building!!! remember, Dubai is still Dubai, the only place in the world where nothing is tall or big enough...
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Old January 29th, 2009, 05:22 PM   #1292
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Quote:
Originally Posted by Imre View Post
ok, but after 1 year the Nakheel will still exist?

Hopefully, yes, and they will start again!
We might see the creation of Emaakheel or Nakheemaar, who knows
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Old January 29th, 2009, 05:33 PM   #1293
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Emaar is better? I have heard they have serious liquidity problems.

just look their projects how slow, like the Marina Quays, Park Island or the cladding of the Burj Dubai.
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Old January 29th, 2009, 05:59 PM   #1294
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Seems like China is the real super financial power afterall.
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Old January 29th, 2009, 06:54 PM   #1295
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Quote:
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Seems like China is the real super financial power afterall.


totally agree
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Old January 29th, 2009, 06:56 PM   #1296
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Quote:
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Seems like China is the real super financial power afterall.
china facing same problems as Dubai
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Old January 29th, 2009, 07:23 PM   #1297
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Quote:
Originally Posted by Imre View Post
ok, but after 1 year the Nakheel will still exist?

Hopefully, yes, and they will start again!
I hope too
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Old January 29th, 2009, 07:25 PM   #1298
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Quote:
Originally Posted by webeagle12 View Post
china facing same problems as Dubai
Exactly, China is experiencing a big slow down, so they are in the same boat, if not worse.
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Old January 29th, 2009, 07:29 PM   #1299
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Quote:
Originally Posted by luci203 View Post


or investors will run to Mecca (+30 supertalls and hundreds of other skyscrapers) or Kuwait.






investing there is more secure (and probably very profitable).
wooooooooooooow its very nice this project. this project its in dubai or mecca?
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Old January 29th, 2009, 07:33 PM   #1300
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It is very nice indeed
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