Green Energy
Opening of world's tallest tower marks end of Dubai era
From Breitbart:
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- The Dark Side Of Dubai: Part 1
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Green Energy
The Tower of Babel
Opening of world's tallest tower marks end of Dubai era
From Breitbart:
Next month's opening of the Burj Dubai tower, the world's tallest building, will bring Dubai's era of exuberant expansion to a juddering halt as hundreds of other building projects are already mothballed.
Plunging property prices and weak demand had already put a dampener on new schemes even before last week's shock announcement by state-owned giant Dubai World that it wants to halt debt payments for six months.
"It's not exactly going to improve investor confidence," said Matthew Green, associate director at property agency CB Richard Ellis, which has reported a 55 percent year-on-year drop in downtown Dubai commercial rental rates and a 67 percent fall outside the centre.
The 800-metre (2,700 foot) tall skyscraper is the centrepiece of a 20 billion dollar new shopping district, Downtown Burj Dubai, which also includes 30,000 apartments and the Dubai Mall, which claims its space for 1,200 shops makes it the world's biggest indoor shopping centre.
The tower, whose needle-shaped upper section is visible from 15 kilometres (10 miles) away, stands on one side of a popular piazza, thronged with strollers in the evenings, when a fountain gushes in the central lake.
Developer Emaar has officially announced that Burj Dubai tower will open on January 4, the fourth anniversary of Sheikh Mohammed bin Rashed al-Maktoum's accession to power in Dubai.
Under construction since 2004, the opening of the steel-and-glass landmark has unofficially been put back from late 2008, but no further delay is likely for fear of loss of face by Emaar, which has not escaped the impact of the global property downturn.
- Arabs Of Uae Too Stupid To Remember To Put Sewage Systems In Skyscrapers Of Abu Dhabi
Fucking RetardsUAE Forgot to Add Adequate Sewage System to World’s Tallest Building – All Poop Must Be Trucked Out Posted by Jim Hoft on Wednesday, January 30, 2013, 3:18 PMNice central planning. The world’s tallest building, the Burj...
- Was The Dubai Construction Boom A Muslim Wealth-plundering?
Mohammed bin Rashid Al Maktoum, the emir of Dubai, ran up extraordinary debts building up his own pseudo-city in its recent construction boom. Once western banks had lent him the money to pay western construction companies to do the building, however,...
- A Video Game With A Dubai Setting
There used to be a game company called Midway that went out of business over a year ago. There's another by the name of Raw Thrills founded by several former staffers of theirs. But they've insulted the intellect of anyone who believes in human...
- Depressed Souls In A Lost City
Lately I have been so busy that I haven't been able to either make any videos or write about anything whatsoever. I just don't have the time to write regularly--my job is keeping me busy. However, I have had the time to notice what's going...
- The Dark Side Of Dubai: Part 1
Dubai has been in the news for a long time now for various reasons. Many a times we hear about the “city with the tallest building in the world”. At times we hear things that tell us that there is a city in the Middle East that was built “unlike...