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The manmade islands that comprise The World development in Dubai are not sinking anymore than was intended, an official statement from master developer Nakheel said on Wednesday.
“Speculative reports suggesting that The World islands are sinking are wholly inaccurate,” the statement said, adding that a technique called vibro-compaction was to blame for any loss of altitude.
“The islands were finished some years ago and there has been no subsidence since. A system known as vibro-compaction was used to increase the load bearing capacity of the reclaimed land mass.
"This process causes the soil to vibrate vigorously, mimimising the air gaps between the sand particles and locking the sand particles and edges together, which in turn lead to very deliberate and calculated compaction and settlement.”
The statement also added that the islands, which are visible from space, are not adrift in the Arabian Gulf.
“A suggestion also that some of the isands have slipped and spread into each other is also completely incorrect,” the statement said.
Nakheel parent company Dubai World staved off a $4.1bn Islamic bond, or sukuk, default by Nakheel at the end of 2009 after Abu Dhabi issued a $10bn bond.
“We have currently sold around 70 percent of the islands and development has begun by a number of owners – further testament to the fact that the islands are as solid as the rock they were built upon,” the statement said.
Given that the start of the new month is determined by the moon sighting, isn't this going to make organising meetings for the following month a bit tricky... more
Thursday, 24 May 2012 1:24 PM - Mark RentonI was under the impression that an Emirati woman can not marry a non-Emirati man; only men can marry a non-Emirati women. If that is so, then I guess... more
Thursday, 24 May 2012 10:49 AM - SAMMay be they are just afraid that the Prince will try and change the name to Arabian Wood , from Holly Wood :-) more
Thursday, 24 May 2012 1:25 PM - mobiloctiGiven that Alcohol has become a huge problem in Britain and especially the cheap booze that has caused binge drinking, I think Alcohol should be banned... more
Thursday, 24 May 2012 8:14 PM - FreemanDear Qatar, not clever at all, non sustainable, massive carbon footprint and environmentally silly. why have you not learned from the mistakes made by... more
Thursday, 24 May 2012 8:14 PM - richardGiven that the start of the new month is determined by the moon sighting, isn't this going to make organising meetings for the following month a bit tricky... more
Thursday, 24 May 2012 1:24 PM - Mark RentonPalm Jumeirah = Disneyland. Is this the kind of community to invest in for a home ???? or a hotel ? It baffles me why people would invest in an apartment... more
Wednesday, 23 May 2012 4:13 PM - PaulInstead of clinging to anything that reminisces you of your obliterated past, why don't you spend sometime fixing your disgraceful and humiliating present... more
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Friday, 18 May 2012 7:32 PM - jamesLet's see what will happen and if this project will go ahead. Only time will show. What happens to the other projects? not much is going on? Are investors... more
Monday, 21 May 2012 11:49 AM - Gregthe majority of expats (as most people here argue that its a majority painting an entire nation the villain)....why are the filipinos and indians not the... more
Sunday, 20 May 2012 9:17 AM - ArthurHOW CAN WE FORGET 2008, WHY DID YOU NOT FORGET TO PAY ALL YOUR STAFF BONUSES LIKE YOU HAVE DONE ON THE PAST TWO OCCASIONS , YET YOU CANT COMPENSATE OR... more
Wednesday, 16 May 2012 4:51 PM - MOOSAGiven that the start of the new month is determined by the moon sighting, isn't this going to make organising meetings for the following month a bit tricky... more
Thursday, 24 May 2012 1:24 PM - Mark RentonThe words one should read and think about are "it COULD make sense to sell Emirates in the future". Sir Flanagan does not say it does make sense at this... more
Thursday, 10 May 2012 11:16 AM - Paul dxbWhen I first went to live in ABu Dhabi - I clicked up a couple of speeding fines during the frist year (on empty roads and certainly not tailgating - but... more
Thursday, 17 May 2012 5:45 PM - Baffy
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