Dubai Pearl faces two-year delay - engineer

Construction activity at site of US$6bn project has been limited in recent months

Dubai's Pearl project faces a delay of two years from its original completion date of 2013, according to Zawya Dow Jones.

Construction activity at the site of the US$6bn project has been limited in recent months, and the project's senior site engineer Shahid Quereshi admitted that the project is still a long way from completion.

"As a result of the slow construction works, we only have been able to complete nine storeys of the total 75 scheduled for phase one," he said.

The Pearl is a 20m mixed-use scheme overlooking the Palm Jumeirah containing branded apartments retail and leisure, commercial offices and hospitality units. It is set to contain four towers based around a large podium and contain 1,490 apartments, seven five-star hotels including a Bellagio and an MGM, over 60 restaurants and a 1,800-seat theatre.

The project is being developed by Al Hashim Group and its main contractor is Habtoor Leighton Group. EC Harris is project manager.

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Posted by: Style

I would like to find out what is the situation with this project!!!!
Does anybody have the latest information other than that the funds are received.

Last information this December 2013 was that project is receivng new funds and will continue with building the project. By the obvious situation on the site still nothing is happening no movements what so ever.
No letters of any information are received from the management.

"A court action on receiving our invested funds back is what should all investrs do at this time I suggest we shuld group all and make our case obvious.

Posted by: Union

Anyone who is a current owner in this project? would like to meet some of the owners.

Posted by: omar faris

i suggest they re brand and re launch. since most developers are doing it; and see how (The SAME) people will rush with their new crisp chq books again.

Posted by: Taghi Khabbazi

As an old customer of Dubai Pearl project who paid about 600 000 dhs for an apartment to Omnix ( the old owner of the project ) in the year 2006 ,I am so sorry that I invested in this project.For the sake of Dubai image as a good investment place , it is better for the new owners to do something to lessen the bad image this project has brought for the city.

Posted by: Uwe

I was in the Pearl office in Jan 2013 and they told me that they are waiting for a 1b $ loan to extend the contrctuion. Hopefully they get it.

Posted by: kario

dear sir
please give me the diciders of this project
we can help to finance it and save all the project by leanding them money according the bank guarantee from their side

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