By Shane McGinley
Monte Carlo bash pushed back a year as construction delays hamper progress on offshore islands
A star-studded New Year’s Eve bash scheduled to take place on a self-styled ‘party island’ on Dubai’s offshore World development has been scrapped, its organisers have said.
The Monte Carlo island was to be unveiled with a celebrity-filled party on December 31, but its launch has now been moved back a year to 2011.
“I can confirm that the New Year’s Eve party originally planned on Monte Carlo Island… has been re-scheduled to 2011,” Josef Kleindienst, CEO of Austria's Kleindienst Group, which owns the island, told Arabian Business on Thursday.
“While I am disappointed that, due to circumstances beyond our control, we will not celebrate this year’s New Year on one of our islands, I am also pragmatic about the situation.”
Construction on the offshore World development has ground to a virtual standstill in the wake of the economic downturn. Many buyers on the Nakheel-backed chain of islands have failed to begin work, after Dubai’s real estate market saw prices fall 60 percent from their peak.
Monte Carlo is one of six islands owned by Kleindienst, which together form the $840m Heart of Europe project. The project is to include housing, hotels and a replica of a European city center.
The 415,000 sq ft Monte Carlo island had been billed as an adults-only party island, featuring a beach and pool club, nightclub and bars.
Around 800 people were expected to attend the launch party, Kleindienst told Arabian Business earlier this year, including “very famous people”.
“We remain committed to our development,” he said in the statement. “We know we will be celebrating many more New Years on our islands, and the best things are always worth waiting for.”
Sounds like a kind of residency tax to me?
You will be celebrating many more New Years on your islands, but with no infrastructure, transport or construction underway you won't be selling many tickets for the parties for a while.
That's if the tides doesn't wash your islands away in the meantime.