DUBAI | Jumeirah Gardens Supertalls (3 towers) | 101-201 FLOORS | ON HOLD

[malec]

Park Gate (EP 09)

[Flo Flo]

Is it really the beginning of the work for this project?

I mean: are the 3 towers approved?

If yes, when will it be supposed to be finished?

On the pictures we can see on that topic, these 3 towers are just a part of a mega project which consists in creating a new ultra modern part of Dubai betweeen the SZR and the sea front. Has all the project been aproved or not yet?

[malec]

Yes approved, the whole project is called Jumeirah Gardens and the main towers are One Dubai (the biggest one), One Park Avenue (the wavy one where prep work has started), Meraas Tower (another tower, nothing started yet) and Park Gate (the 6 interconnected towers, the site is where the huge hole is)

However that means nothing, look at the Chicago Spire for example. Dubai's debt is 1 and a half times its GDP and massive companies such as Nakheel are having big problems. The company behind this talked about scaling down this project anyway (generally there's a lot more going on than what is reported). I recon the entire project will be cancelled within a year and these holes in the ground will be left.

[Flo Flo]

Don't be so pessimistic. Even if the Spire will probably cancelled, Chicago is not Dubai and I don't think there has been some projects in that city which have begun and been abandonned.

Has the work begun on the One Dubai?

If the project is approved, do we have some official estimations of the completion date?

[Rise To The Top]

After seeing some of the models and more renderings, these 3 look fuckn awesome in the model setup.

[malec]

I'd like to see an update from Imre before moving this to never built. I'm sure none of this stuff will see the light of day but I'd like to see some pictures first.

[Rilestone75]

This just in... Crain's real estate website just posted an article saying that this project is officially done for the forseable future.

http://www.chicagorealestatedaily.co...ws.pl?id=32730

[Lecom]

Originally Posted by FLBlake

Reminds me of a certain part of the female anatomy.

Thanks, Watsui.

[Lecom]

Originally Posted by Flo Flo

Hello everybody,

I'm French and completely new on this forum, so if I make some mistakes while writing, please, forget them

In fact, I have read the different subjects of the forum and I have a question concerning this one: do we know if all that new part of Dubai will be built one day or not? And is there a date for the beginning of the work?

I think it would be very nice because the Sheikh Zayed Road is currently too thin as a "city center" and all the part between the Road and the sea is definitly ugly.

There seem to be contradictions regarding the project. News sources keep talking about its death while recent photos continue to show work done on the site.

As for the mistakes, it's better that if we see them, we correct them and not forget them - it's a great way of improving your foreign language. Either way, your English seems just fine. Welcome to the forum.

[malec]

^^ Jumeirah Gardens is a big project and there are more than these particular towers. As you can see some of the signboards show different things.
Anyway, despite this I would still bet that meraas development will not build even a 10 storey building.

Anyway I always say pictures of sites are what should be looked at not news articles.

[malec]

Some new renders of this never built megaproject.

[JDRCRASH]

Originally Posted by Rilestone75

This just in... Crain's real estate website just posted an article saying that this project is officially done for the forseable future.

http://www.chicagorealestatedaily.co...ws.pl?id=32730

[malec]

Confirmed by people on SSC that everything has stopped so I changed the title.

[malec]

Bullshit article

Originally Posted by bizzybonita

Meraas adapts plan to meet market changes


on Thursday, March 05, 2009

Meraas Development will accelerate development of its Dh350 billion Jumeira Gardens project upon stabilisation of the real estate market.

"Shifting away from the fast-track development of its Jumeira Gardens project, and in light of the rapid changes in the real estate market and global economic conditions, Meraas Development is now focusing on adapting its master plan, designs and product mix to suit market conditions," the master developer said in a statement sent to Emirates Business.

"The company is redefining its short-term strategy and approach to focus on developing initial phases of Jumeira Gardens while confirming its commitment to the principle of developing an integrated city in the heart of Dubai. The phasing of the project gives further opportunity to gauge investor interest and develop detail of the master plan and its state-of-the-art infrastructure," it added.

Meraas launched Jumeira Gardens project in October 2008. It will be a mixed-use development and will comprise seven distinct areas across 110 million square feet of land area. Jumeira Gardens will be built over 12 years across an area north of Sheikh Zayed Road between Diyafa Street and Safa Park. The redevelopment of the existing site will create a mixed-use, freehold and leasehold development, which will be an integrated city within a city. A transportation network will link low-, medium- and high-density areas with business, residential, retail, leisure and recreational components.

Phase one of the project will cover about 820,000 square metres of land area comprising six main blocks of high-, mid- and low-rise office, retail and residential buildings, two hotels and a high-end shopping area. The developer plans at least eight buildings in Jumeira Gardens, including One Dubai, One Park Avenue and Park Gate, which will have six buildings. The project aims to cater to a population of 50,000 to 60,000 residents.

Earlier, Middle East Economic Digest magazine said Meraas has halted two tower projects. It said Samsung Engineering and Construction had stopped providing pre-construction services for One Dubai, while also shelving plans for another high-rise office building.

http://business24-7.ae/Articles/2009...12514d215.aspx

[Aleks]

I hope they don't get built... these towers are hideous! All of them!

[Flo Flo]

I don't agree with you and I love all of them, especially the biggest one with the 3 legs on the canal and the Bridge.

Of course, aesthetics is a question of opinion but as I said a little bit earlier, I particularly love that project because it would give a little bit of thickness to the skyscrapers district of the SZR. If it' s built, we wouldn't have those 2 lines of skyscrapers along the highway, which is really strange and it would really look like the centr of an ultra modern city. After all, isn't it what Dubai expects?

[malec]

Originally Posted by ChicagoSpire2000

They are spending money they have, but very soon, itll be money that they dont have...

Who would have thought that what they were using to build existing projects was actually money they didn't have.

[malec]

Compare the size of this thing to the other towers in this model.

[Pandemonious]

Can we move this to never built? It is never happening..

[LoverOfDubai]

Not according to this article:

Green shoots for Jumeira Gardens
Bradley Hope
3 October 2009 7:57PM UAE

Cityscape Dubai may be more exciting this week than people have been predicting, as Meraas Development emerges from a hiatus brought on by the property slump to announce a plan to move ahead with its Dh350 billion (US$95.3bn) Jumeira Gardens project.

The development, planned for the Satwa and Al Wasl areas of Dubai, will probably take longer to develop than originally planned, but it will “move forward”, said Sina al Kazim, a senior executive at Meraas Development.

“The markets are changing, but there is still a demand in the market for certain types of products,” he said. “We are concentrating on those areas, like residential villas … We are looking to the times when the recession will be over.”

The first part of Jumeira Gardens that could start construction next year would be an island off the coast of Dubai called East Bay Island, which would include high-end villas designed by Tony Owen Partners, an Australian firm.

Tony Owen, the founder, said the villas would be the “most contemporary single residences in Dubai, and some of the most luxurious as well”.

East Bay Island is one of the islands being created for the Jumeira Gardens project. “These islands would basically be a continuation of the city, but with waterfront all around.”

Mr al Kazim said Meraas was focusing on building the infrastructure needed by the project. “Infrastructure is a critical element,” he said, adding that the company was prioritising areas near stations on the Metro line as the earliest parts of the project to proceed.

The return of Meraas to launch the project comes after a difficult year for executives, who have had to deal with a sharp property downturn that took hold just as the company was officially announced.

Meraas officially launched at Cityscape Dubai 2008 with a luxurious room full of futuristic design, including a hanging garden suspended between two sets of buildings and a super-tall structure that was made up of three buildings connected by sky bridges. The project was among the most spectacular announcements of the five-year property boom in Dubai.

But the launch coincided with the beginning of serious difficulties in the property market. With a credit squeeze spreading across the globe, property sales in the UAE dried up and projects stalled in the midst of construction.

The proposition of a new development company vying for business during this period was a serious problem for Meraas, according to insiders. It had been hiring dozens of new staff members to handle what it had predicted would be a busy year of investment, construction and sales. But within months of launching at Cityscape, Meraas started to downsize and put its signature project under review.

“Meraas never really reached its potential before it was forced to scale down,” said Vikram Batra, the former head of corporate finance at Meraas Capital, the other half of the company. He has since left the company and has returned to India.

The company was founded in 2007 by Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, as a spin-off from his own Engineer’s Office.

“Very early in the company, we decided that it should be split into two basic parts: capital and development,” Mr Batra said. “While the development side would focus on Dubai and the Jumeira Gardens project, investment was on a global scale.”

It was Meraas Capital that made the first headline-grabbing announcement in June last year, months before Meraas Development rolled out its massive project.

The company said it had joined up with Boston Properties, a real estate investment trust (REIT), and Goldman Sachs to buy the General Motors building in New York City for $2.8bn. The price was the most ever paid for an office building in the US.

At the time, Meraas was eyeing several other trophy buildings around the world, but with the economic crisis landing on the shores of the Gulf the GM Building turned out to be the only deal the company would make.

As prices of property started declining worldwide, both the investment and development arms of the company slowed down to re-examine their future, Mr Batra said.

http://www.thenational.ae/apps/pbcs....710039940/1005