Monday, 1 December 2008

Satwa development on hold

So, there we are. After evicting so many people and rushing the demolition crews in to flatten acres of Satwa, the whole thing has all but ground to a near halt. The Jumeirah Gardens development was unveiled at Citiscape just back in October, which seems like a lifetime ago, but is now being "revisted" and parts of it delayed due to the economic downturn.
http://www.arabianbusiness.com/539978-95bn-satwa-redevelopment-delayed

The developers, Nakheel (who laid off 500 people yesterday) are delaying parts of several of its flagship projects, including the Palm Jumeirah, Palm Jebel Ali, The Universe and Waterfront but they still say that the world's tallest tower will go ahead (like the world needs another "tallest tower".)

The Trump Tower project has also been suspended with layoffs involved.

Still, if that means a reprieve for Ravis then its good news!

2 comments:

  1. What?! So all of those people were evicted for no good reason? That's actually really sad, not only did those people lose their houses but the workers have lost their jobs.

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  2. thankgod for that i am a satwa resident i now i will sleep peacefully.

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