6 February 2006

Goodbyeland

Hidden in a little article on page 14 of today’s 7 Days, and buried here in the Business section on their website, comes the news that one of Dubai’s most ambitious projects has been put on hold.

DubaiLand – the metropolis within a city – is to be scaled down, and only 21 already signed-off projects will be completed out of the 200 that were originally planned for the 300 million square metre property.

Does this mean that there’ll be no Dinosaur World and no Space Park?

I’m devastated!


The article is also the first time that I’ve seen official confirmation of a comment that was left on a blog in the middle of last year. The comment inferred that Sheikh Mohammed was to order a slowdown on starting new projects until those already under construction have been completed.

Bloggers spread the news first!

7 comments:

nzm said...
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moryarti said...

Could it be the beginning of the end?

nzm said...

Or the end of the beginning?

Maybe it's "get-real" time!

Neglected-ism said...

nzm, 'get-real' time is more like it. Very Interesting!

BD said...

Although some of the Dubai Land projects may not see the light of day, I was just reading in the current issue of UAE Digest (I think that's the title) that the groundbreaking ceremony on the City of Arabia, including the dinosaur park, was just held. Also, there's talk at Skyscrapercity.com that Sheikh Moh'd is going around telling people (developers I presume) to get moving on their projects. There's some suggestion that he's eyeing the Olympics--so I would suppose that rather than being shelved there's pressure to get the ball rolling.

MaShoKaSh said...

No more residential-based projects are likely to be given the go-ahead in Dubailand

This is critically important. I beleive stopping the residential projects aim - in a way - to keep real estate prices stable by NOT providing more supply of residential building that would cause rentals to go down.

KL said...

Most probably the developers did not start paying for the huge sums of land they "booked"