Mall of the World
Worlds largest shopping mall planned to open opposite MoE. I thought Dubai already had the largest with Dubai Mall, obviously not big enough. Oh and not sustainable enough :huh:
'Mall of the World' shopping complex larger than Vatican City planned for Dubai The mall, measuring 743,000 sqm, will include the world’s largest indoor theme park – covered by a glass dome that will be open during the winter – and a 7km ‘covered street network’. It will be the centrepiece of “the world’s first temperature-controlled city”, And the ‘city’ complex, which will include 100 new hotels, will be more than twice as big as the Principality of Monaco. |
Re: Mall of the World
Awesome.
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Re: Mall of the World
Just when I didn't think it was possible for an even more
Hopefully they can get it built in time for the Expo :fingerscrossed: Edit to say really interesting story on the same page of the website. Arabtec out to 'cut the fat' as 'overpaid' staff released from construction firm Let me be the first to say I expect Arabtec to go the way of Nakheel and be effectively bust in a year, the stock exchange scam seems to have been an escape hatch for a few. |
Re: Mall of the World
Bubble
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Re: Mall of the World
Originally Posted by weasel decentral
(Post 11326708)
Just when I didn't think it was possible for an even more
Hopefully they can get it built in time for the Expo :fingerscrossed: Edit to say really interesting story on the same page of the website. Arabtec out to 'cut the fat' as 'overpaid' staff released from construction firm Let me be the first to say I expect Arabtec to go the way of Nakheel and be effectively bust in a year, the stock exchange scam seems to have been an escape hatch for a few. "Arabtec have no money" "The top guys in Arabtec fell out with Sorouh so they won't get more work" "Arabtec have let 800 people go" Just some of the things I heard last week and the week before. None of which is interesting or at all of use. Arabtec can swivel, a month basic and 90 day payment terms? No thanks, find your own staff. |
Re: Mall of the World
Originally Posted by Scamp
(Post 11326741)
"Arabtec have gone bust"
"Arabtec have no money" "The top guys in Arabtec fell out with Sorouh so they won't get more work" "Arabtec have let 800 people go" Just some of the things I heard last week and the week before. None of which is interesting or at all of use. Arabtec can swivel, a month basic and 90 day payment terms? No thanks, find your own staff. Taking as many jobs as possible, even ones where it seems that based on the tender price there is no possibility of making a profit. Taking a horrendously risky project in local currency. Projects tendered by one company solely, only to find out at contract award that it was a JV with no previous correspondence with the parachuted JV partner. Rising share price based on expected increased turnover. Rapid exit of large shareholder at the top of the market. JV staff salaries/cash flow coming from the other JV partners What do you think? |
Re: Mall of the World
Originally Posted by weasel decentral
(Post 11326751)
Not speaking about Arabtec now but imagine a company in the following scenario:
Taking as many jobs as possible, even ones where it seems that based on the tender price there is no possibility of making a profit. Taking a horrendously risky project in local currency. Projects tendered by one company solely, only to find out at contract award that it was a JV with no previous correspondence with the parachuted JV partner. Rising share price based on expected increased turnover. Rapid exit of large shareholder at the top of the market. JV staff salaries/cash flow coming from the other JV partners What do you think? Completely unsustainable model and almost foolish of the developer to put eggs in one basket....unless they know what they're doing to manipulate share price, make loads of cash at someone elses expense, force them to falter on contracts and re-tender to get what they want out of it. Who knows the real story and the inner workings, whatever happens to a company as you describe is going to be bad news. |
Re: Mall of the World
Originally Posted by Scamp
(Post 11326760)
Who knows the real story and the inner workings, whatever happens to a company as you describe is going to be bad news. |
Re: Mall of the World
Originally Posted by weasel decentral
(Post 11326784)
I have 23 days left in the ME, sponsor a trip to Dubai for me and I will tell you a lot of interesting (first hand) stories. ;)
I can't begin to imagine some of the stories that people in high places have in their locker. The stuff my mate tells me from a local developer is mental enough as it is. |
Re: Mall of the World
No suggestion of a start date for this vanity project, let alone a completion date.
I'm still waiting for some one to say "oh good, yet more shops". |
Re: Mall of the World
Originally Posted by Meow
(Post 11326832)
No suggestion of a start date for this vanity project, let alone a completion date.
I'm still waiting for some one to say "oh good, yet more shops". Actually, I'd welcome a mall with some original shops. Or a super-mall that isn't that big but has all the good shops. Mirdiff City Centre definitely has a good selection of shops I like...but still misses a couple. |
Re: Mall of the World
Originally Posted by shiva
(Post 11326712)
Bubble
I am willing to bet 100 aed that this project will a. never go into the construction phase b. never be completed......at all I am starting to hate going to malls now, havent been to any in over a month I think Maybe I am turning into a grumpy old man but isnt it more fun to sit in a proper restaurant to eat food made specially for you than to eat in a beehive with all that buzzing sound around you and the smells of a thousand types of food? btw just on a different tangent....proud to announce that 2 years here and still haven't been up that tall building...burj something |
Re: Mall of the World
Originally Posted by Meow
(Post 11326832)
No suggestion of a start date for this vanity project, let alone a completion date.
I'm still waiting for some one to say "oh good, yet more shops". Expect it to shrink dramatically when the first quote for the works is given :lol: |
Re: Mall of the World
The project has certainly received a far more positive response at GulfNews.
http://gulfnews.com/business/propert...plan-1.1356086 Masha Allah!! What now awaits us is just nothing close to the most incredible and remarkable projects ever in human history. Everything in the plan seems so well defined and fabulous like a dream being shaped into reality. Welcome to the future everyone & Good Luck Dubai. May Allah keep us blessed all the way through. Ameen! Mohamed Umran Ubedulla, Abu Dhabi, United Arab Emirates It is without a doubt that Dubai is truly the number one city in the world. I’m just a regular employee here, nothing fancy, I pay high rents and sometimes go broke too, but just by thinking and realizing that I work and stay here, that makes me so thankful and feel so proud! |
Re: Mall of the World
Originally Posted by Maxima
(Post 11327030)
The project has certainly received a far more positive response at GulfNews.
Watch: Dubai launches Mall of the World plan | GulfNews.com Masha Allah!! What now awaits us is just nothing close to the most incredible and remarkable projects ever in human history. Everything in the plan seems so well defined and fabulous like a dream being shaped into reality. Welcome to the future everyone & Good Luck Dubai. May Allah keep us blessed all the way through. Ameen! Mohamed Umran Ubedulla, Abu Dhabi, United Arab Emirates It is without a doubt that Dubai is truly the number one city in the world. I’m just a regular employee here, nothing fancy, I pay high rents and sometimes go broke too, but just by thinking and realizing that I work and stay here, that makes me so thankful and feel so proud! |
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