Bye Bye Dubai?

[jesseps]

Some of the most fantastical structures have come out of Dubai’s building boom: the tallest building in the world, a carbon-neutral pyramid community, an eco-tower that blooms, even a universe of islands (that are now sinking into the sea), just to name a few. But the “build it and they will come” attitude has created a serious vacancy problem for Dubai. As more office buildings are finished, the current 38 percent vacancy rate is expected to rise to 50 percent. A study by the property firm Jones Lang LaSalle found that Dubai needs to convert buildings to non-office space or knock them down completely to solve the problem.

 

(Courtesy of Inhabitat)

 

Now thats a hell of a thing, build million dollar buildings just to destroy them

[monctezuma]

They won't destroy them. The Sheik is there to support them with ultra cheap worker and big petroleum dollars.

[mtlrdp]

A lesson to all Montrealers who looked at Dubai with a sense of awe and envy, this is just a start of the biggest urban fiasco the world has ever seen, anyone know what percentage of the burj Dubai is occupied ( I'd be surprised if it's more than 15%)?

[jesseps]

A lesson to all Montrealers who looked at Dubai with a sense of awe and envy, this is just a start of the biggest urban fiasco the world has ever seen, anyone know what percentage of the burj Dubai is occupied ( I'd be surprised if it's more than 15%)?

 

How big is Burj Dubai sq.ft wise (total)? How many buildings in Montreal can fit in that one?

[WestAust]

How big is Burj Dubai sq.ft wise (total)? How many buildings in Montreal can fit in that one?

 

According to Wikipedia, it has 3.331 million sq feet of floor area

[jesseps]

According to Wikipedia, it has 3.331 million sq feet of floor area

 

Thats equivalent to like 34.73 PVM

[MTLskyline]

Couldn't have happened to nicer people. Heheheh

[mtlrdp]

Thats equivalent to like 34.73 PVM

 

Huh? 1250 Rene Levesque has over 1 million sq feet(more or less like pvm) so where do you get 34.73 x PVM?

[WestAust]

Yeah I meant 3331000 sq feet

[JFrosty]

Yeah I meant 3331000 sq feet

 

You do realize that's still 3.331 million sq feet, right?