Islands for rich in Dubai are sunk in the Persian Gul
The crisis ended with one of the most extravagant ideas of those crazy years. The creation of a world in miniature that has 300 islands as a luxury estate was launched off the coast of Dubai in 2003. In 2008, after five years of project and 14 million dollars in investment, developer Nakheel Properties said to have ended.
A year later the same promoter declared losses by $ 25 million. They were 320 million cubic meters of sand and 37 million tons of rock to create the fence of protection of some 27 km in length surrounding the archipelago.
Leaders claimed that 70% of the Islands were settled, even before the end of the project. But the lack of funding and that buyer were cast back - cost about $ 35 million each - meant that only Greenland was finished. It is owned by the emir of Dubai.
But this new world that initially was going to greet important figures as the pilot of Formula 1 Michael Schumacher or the magnate owner of Virgin, Richard Branson, who bought the island representing the United Kingdom for him alone, sinking in the Persian Gulf.
Islands for rich in Dubai are sunk in the Persian Gul Reviewed by Sonia Mar on 8:18 PM Rating: