"BRETT SIEGEL IS ONE OF THE MOST KNOWLEDGEABLE PEOPLE IN MIDDLE EAST REAL ESTATE. I HIGHLY RECOMMEND READING UAE MEGA PROJECTS." Khizer Schon Husain, VP, Schon Properties, Dubai

Friday, April 3, 2009

Crash! Part 2: The Effects

Today I will go into detail about the effect the real estate crash in the UAE has had on Mega Project development. I have created a list of UAE Project Cancellations and Put-On-Holds. By looking over this list you will see all of the great Mega Projects that have either been cancelled altogether or put on hold until things get better. Many of the put on hold projects will ultimately end up being cancelled.

A note on accuracy. I have tried to be as accurate as possible with this list. However sometimes a project(s) is announced as put-on-hold or cancelled and then another source will say something else to the effect that the project(s) is going ahead as planned. Therefore I cannot guarantee that this list is 100% accurate, but I do think it is the most accurate and complete list available. Therefore if you know for a fact that any of the listed projects are going ahead as planned send me an email to let me know and I will make the correction on the list. Also, if you know of any cancelled or put-on-hold projects that I have missed you can also email me and I will add them to the list.

UAE PROJECT CANCELLATIONS AND PUT-ON-HOLDS

-- Nakheel Harbour and Tower
-- Al Salam City
-- Dubai Towers
-- Palm Deira
-- Asia-Asia Hotel
-- Dolphin City
-- The Universe
-- Nad El Sheba Racecourse
-- Mina Rashid Redevelopment
-- Aqua Dunya Dubailand Phase 1 & 2
-- Investment Corporation of Dubai
-- High Rise Boulevard
-- Anara
-- London Crown Tower
-- Oqyana
-- Coral Island Resort
-- Remraam Dubailand
-- Maysan Towers Dubailand
-- Plaza Mayor Jumeirah Village
-- Falcon City of Wonders Dubailand
-- Arabian Legands Dubailand
-- Sunny Mountain Skidome Dubailand
-- Tijara Town Dubailand
-- Metro Tower Dubailand
-- Wadi Tower Dubailand
-- Women's World Dubailand
-- FreeJ Theme Park Dubailand
-- Sanali Tower Dubailand
-- Durar Residential Complex
-- Atrium Project
-- Busch Gardens Theme Parks Palm Jebel Ali
-- Palm Trump Hotel & Tower
-- The Vantage
-- Ahmed Abdul Rahim Al Attar Tower
-- Lam Tara Twin Towers
-- Dubai Waterfront Light Rail & Tramway
-- Rotating Tower
-- Tiara United Towers
-- Dubai Exhibition City
-- Jumeirah Hills
-- Esplanade
-- Musrif Heights
-- Botanica Tower
-- Marina Star
-- Cactus Theme
-- Lagoon Club Hotel & Residences
-- Signature Tower Business Bay
-- Emivest Towers
-- Desert Gate Hotels & Towers
-- X2 Towers
-- Ain Al-Fayda
-- Sharjah Sports City
-- Tatweer Towers
-- Dubai Healthcare City Phase 2
-- Forbidden City
-- Porsche Design Towers Business Bay
-- Sienna Square
-- Seagull Tower
-- Image Residences
-- Canal Point
-- Sea Scape Tower
-- Ice Tower Dubai Marina
-- Water's Edge Business Bay
-- Mina Rashid Mixed Use Tower
-- West End Towers 1 & 2 Jumeirah Village
-- Burjside Boulevard Business Bay
-- Dolphin Towers
-- West Bay Tower Business Bay
-- Al Odaid Palm Tower
-- Haz Tower Business Bay
-- Nadra Tower Business Bay
-- Platinum Towers Business Bay
-- Burj Al Alam Business Bay
-- B2B Tower Business Bay
-- The Court Business Bay
-- Bristol Towers Business Bay
-- Palm Island Hotel Resort
-- Goldcrest Dreams
-- Green Park Jumeirah Village

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