Details
| Original language | English |
|---|---|
| Pages (from-to) | 92-94 |
| Number of pages | 3 |
| Journal | scape, The International Magazine for Landscape Architecture and Urbanism |
| Publication status | Published - 2010 |
Abstract
This extraordinary economic success suddenly came to a halt in 2009: shareholders that never intended to own a Palm villa were unable to resell their holdings. In the aftermath of the financial crisis, the emirate, including the Palm’s state owned developer, Nakheel, faced bankruptcy, bringing the planned Palm trilogy to a stop.
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In: scape, The International Magazine for Landscape Architecture and Urbanism, 2010, p. 92-94.
Research output: Contribution to journal › Article › Transfer › peer review
}
TY - JOUR
T1 - Save te Palm
AU - Quednau, Andreas
AU - Müller, Sabine
PY - 2010
Y1 - 2010
N2 - In 2006, Palm Jumeirah was completed: 1350 villas and 2650 apartments ready for occupancy. Dubai, a rising tourist destination, had written a clear, iconic message into the satellites’ skies:‘Here we are, the 8th world wonder!’With these manmade islands the small emirate would multiply the length of its coastline by thirty, creating real estate that could be sold at waterfront prices. During construction, and as a result of intensive marketing, these property values tripled: a feast with many winners.This extraordinary economic success suddenly came to a halt in 2009: shareholders that never intended to own a Palm villa were unable to resell their holdings. In the aftermath of the financial crisis, the emirate, including the Palm’s state owned developer, Nakheel, faced bankruptcy, bringing the planned Palm trilogy to a stop.
AB - In 2006, Palm Jumeirah was completed: 1350 villas and 2650 apartments ready for occupancy. Dubai, a rising tourist destination, had written a clear, iconic message into the satellites’ skies:‘Here we are, the 8th world wonder!’With these manmade islands the small emirate would multiply the length of its coastline by thirty, creating real estate that could be sold at waterfront prices. During construction, and as a result of intensive marketing, these property values tripled: a feast with many winners.This extraordinary economic success suddenly came to a halt in 2009: shareholders that never intended to own a Palm villa were unable to resell their holdings. In the aftermath of the financial crisis, the emirate, including the Palm’s state owned developer, Nakheel, faced bankruptcy, bringing the planned Palm trilogy to a stop.
M3 - Article
SP - 92
EP - 94
JO - scape, The International Magazine for Landscape Architecture and Urbanism
JF - scape, The International Magazine for Landscape Architecture and Urbanism
SN - 1389-742X
ER -