Save the Palm

verfasst von

Andreas Quednau

Abstract

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.

Organisationseinheit(en)

Abteilung Städtebauliches Entwerfen

Typ

Artikel

Journal

Le Journal Spéciale'Z

Seiten

46-59

Anzahl der Seiten

14

Publikationsdatum

2011

Publikationsstatus

Veröffentlicht

Peer-reviewed

Ja

ASJC Scopus Sachgebiete

Architektur

Fachgebiet (basierend auf ÖFOS 2012)

Städtebau