Why Dubai's Man-Made Islands Are Still Empty

islands

there is almost nothing built on them what happened here in the early 2000s real estate developers saw a huge opportunity in the creation of artificial land off the coast of

dubai

the real estate boom in the emirate seemed unstoppable and the demand for Ocean properties were huge Dubai had already expanded along most of its coastline, so Nikhil Properties, a real estate company owned by the Dubai government,

made

plans to radically change the region. In just two decades, the company planned three different island projects that, when viewed from space, should represent the shape of a palm tree. trees palm jumeirah palm jabil ali and lastly pandera, by far the largest, in addition it was announced in the world that different areas were planned, from low density housing complexes to high density

islands

that can be used commercially in a second phase, it was planned to complement the world with another even larger project, the universe was planned artificial islands that resembled the shape of the sun, the moon as well as the planets of the solar system, the milky way and a distant galaxy next to the jabil ali palm. was to create another gigantic project the Dubai Seafront, these islands were to be in the shape of a star and a crescent, an important symbol in Islam, and the construction project was announced as the man-

made

development project biggest in the world.

The shape should also serve as a shelter to protect the Jabil Ali palm from erosion. With all these projects, most of the coast of Dubai would have been transformed since on one side begins the emirate of Abu Dhabi and on the other side is the emirate of sharjah In retrospect, the level of confidence with which these projects were advanced is surprising, but the islands were seen as prestige projects that served the broader goal of turning Dubai into a major tourist hotspot and therefore, creating new revenue streams for a place that derived most of its wealth from oil drilling.

Now let's take a look at what happened to these ambitious plans. In 2001, Nikhil Property began building Palm Jumeirah. This project alone would double the length of Dubai's coastline. In 2006, land reclamation was completed and the first apartments were delivered. The Palm Strands are mainly home to private homes, while a number of large luxury hotels were built on the breakwater around the palm tree protecting it from storms. While the Palm Jumeirah was

still

under construction, other projects began to take shape. The 21st century seemed to have reached a new peak in Dubai's growth rate in the real estate sector.

The market boomed rapidly and a number of prestigious projects were built in September 2008, including the Burj Khalifa, the largest building in the world. The Atlantis hotel on Palm Jumeirah celebrated its opening with a palm-wide fireworks display, but the celebrations failed. change that the international financial crisis began to affect

dubai

last week dubai spent $20 million for a party to open the atlantis hotel growing atlantis the headline was dubai parties while the rest of the world reels from the economic crisis perhaps already No Dubai has been hit by the global financial crisis, especially in the real estate sector, megaprojects such as the artificial island off the coast are in danger of collapsing.

Many construction sites have closed due to declining demand. Land prices fell rapidly and the development of the Jabil Ali palm. it stalled in 2011. Nakhiel Properties offered refunds to investors and the project has been on hold since the

empty

sandbanks reaching 7 kilometers or 4.3 miles out to sea seem strangely forgotten. The palm tree sits behind the Jebel Alley harbor without any city development. near it and most of the visions dreamed up by the project planners seemingly evaporated in a cloud of sand, land reclamation of Dubai's waterfront is not that far along, but you can already see the shape of some of the islands in satellite images of this project as Well, it has been discontinued.

A similar situation exists with Palmdera. Land reclamation had already progressed, but is far from complete. In 2013, Nikhil decided to try to save this project by renaming it instead of continuing to create new lands. The project was reduced and now it is. simply called dara islands and currently there is construction work going on with a planned shopping mall, two high-rise buildings and a shopping street, finally in the world, land creation has been completed for the most part and a large part of the islands They had already been sold before the financial crisis, but the islands simply did not develop further as many of the investors who bought them were facing their own problems after the financial crisis and although investments in new projects in Dubai increased after the crisis, the world project could not benefit from this as there was less confidence in the return of such investments ten years after the initial project revealed that the world no longer seemed to fit into the current time many concerns arose about the longevity of the project when news reports indicated that smaller channels between the islands began to Sand and rising sea levels are a growing danger for a project like this.

Overall, growing concerns arose around land reclamation projects. Residents of Palm Jumeirah criticized the quality of the water, while the breakwater is necessary to protect the palm from erosion and also hinders natural development. The movement of the tides and the seawater inside the palm stagnated. Additionally, environmental concerns received more attention. The accumulation of hundreds of thousands of tons of sand on a seabed that had previously been almost uniformly flat has an impact on marine ecology. The islands are mainly composed of sand that was dredged in the shallow coastal waters of Dubai and there are concerns that this will lead to a destabilization of the coastal soil which could lead to natural shoreline erosion, even if these consequences have been known since For a long time now, it has become increasingly difficult to market projects. which are considered harmful to the environment, many of the projects promoted in recent years attempt to incorporate environmental compatibility.

In addition, the difficult living conditions of immigrant construction workers in Dubai is an issue that is receiving more and more media attention, however. There are development projects on these islands that are beginning to take shape. Initially only one island had been developed. The villa served as a show house to promote the project. In the summer of 2012, the Royal Island beach club opened on the island of Lebanon. The club welcomes tourists during the day who can arrive by boat However, the largest project was announced in 2014. An Austrian real estate investor plans to develop a series of projects on the European islands.

The project is called the heart of Europe and the goal is to create a kind of mini version of Europe with inspired luxury hotels. in places like Venice or Monaco, in addition to a series of European food restaurants, the investor also plans to build a plaza on the Swiss island where there will be artificial snow. The project is currently under construction and time will tell if it will bring the desired effect. economic success. risky development in almost all parts of the world and in all parts of the world some of them fail in urban development. Prestige projects often play a larger role than financial success alone, as they can attract tourists to a region and therefore support a larger local economy in a variety of ways, in addition to attracting tourism, These prestige projects also often serve as national pride or are intended to symbolize the beginning of a new era, for example using new construction methods or breaking world records now if Dubai is questioned. for the creation of planned landmarks, then the same criticism must certainly apply elsewhere as well, but the question

still

remains of what these projects that change Dubai's coastal landscape will look like in retrospect at a time when Dubai's growth slows and when the ambitious dream that this city represents stops being built and you just have to live it.

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