Save te Palm

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  • The Oslo School of Architecture and Design (AHO)
  • SMAQ
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Details

Original languageEnglish
Pages (from-to)92-94
Number of pages3
Journalscape, The International Magazine for Landscape Architecture and Urbanism
Publication statusPublished - 2010

Abstract

In 2006, Palm Jumeirah was completed: 1350 villas and 2650 apartments ready for occupancy. Dubai, a rising tourist destination, had written a clear, iconic message into the satellites’ skies:‘Here we are, the 8th world wonder!’With these manmade islands the small emirate would multiply the length of its coastline by thirty, creating real estate that could be sold at waterfront prices. During construction, and as a result of intensive marketing, these property values tripled: a feast with many winners.
This extraordinary economic success suddenly came to a halt in 2009: shareholders that never intended to own a Palm villa were unable to resell their holdings. In the aftermath of the financial crisis, the emirate, including the Palm’s state owned developer, Nakheel, faced bankruptcy, bringing the planned Palm trilogy to a stop.

Cite this

Save te Palm. / Quednau, Andreas; Müller, Sabine.
In: scape, The International Magazine for Landscape Architecture and Urbanism, 2010, p. 92-94.

Research output: Contribution to journalArticleTransferpeer review

Quednau, A & Müller, S 2010, 'Save te Palm', scape, The International Magazine for Landscape Architecture and Urbanism, pp. 92-94.
Quednau, A., & Müller, S. (2010). Save te Palm. scape, The International Magazine for Landscape Architecture and Urbanism, 92-94.
Quednau A, Müller S. Save te Palm. scape, The International Magazine for Landscape Architecture and Urbanism. 2010;92-94.
Quednau, Andreas ; Müller, Sabine. / Save te Palm. In: scape, The International Magazine for Landscape Architecture and Urbanism. 2010 ; pp. 92-94.
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abstract = "In 2006, Palm Jumeirah was completed: 1350 villas and 2650 apartments ready for occupancy. Dubai, a rising tourist destination, had written a clear, iconic message into the satellites{\textquoteright} skies:{\textquoteleft}Here we are, the 8th world wonder!{\textquoteright}With these manmade islands the small emirate would multiply the length of its coastline by thirty, creating real estate that could be sold at waterfront prices. During construction, and as a result of intensive marketing, these property values tripled: a feast with many winners.This extraordinary economic success suddenly came to a halt in 2009: shareholders that never intended to own a Palm villa were unable to resell their holdings. In the aftermath of the financial crisis, the emirate, including the Palm{\textquoteright}s state owned developer, Nakheel, faced bankruptcy, bringing the planned Palm trilogy to a stop.",
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Download

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AU - Quednau, Andreas

AU - Müller, Sabine

PY - 2010

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ER -

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