The Failure of Dubai's $10 Billion Artificial Islands

Dubai's Artificial Islands are one of the largest development projects in history, and were a key part of the City's history. After being announced back in 2002, these projects were intended to completed in 2010. But all of this changed after the 2008 financial crisis, with only one of the islands being fully completed. Both The Palm Jebel and The World were permanently put on hold as a result of the slowing real estate market. Twenty years later, and these projects still sit completely abandoned, with reports stating that The World Islands have began sinking back into the Persian Gulf.

But all of this changed just recently, with the developer, Nakheel Properties announcing a $5 Billion Plan to save these islands. Therefore, why are they redeveloping this massive real estate project, and will these massive real estate projects ever be fully completed?

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Music by Tom Fox & Epidemic Sound
Maps by Maptiler
#dubai #islands #infrastructure © 2023 Arkive Productions LLC

[hobog]

Cheap land is a tenet of suburban development. Why is Dubai making expensive land to build suburbs, when it is surrounded by desert?.. Luxury developments are less luxurious for having sewage etc infrastructure connections constantly broken, and this is in existing Dubai developments!

[Plurple]

Great video! Editing has really stepped up great job man!

[CoachGaupo]

Today I found out Dubai flooded yesterday 😳

[ephilippos]

Dubai is another artificial bubble waiting to explode😮

[jj-rydb]

When the palm jumeirah is build full they will go to the other palm

[Jpwillerd]

very informative but your voice is so monotone and you repeated yourself several times

[rhombifer]

I was there yesterday and trust me and didn't look like it. It was failing to me.

[SharifEdney]

The financial crisis is because of Dubai

[bcatblues]

In my eyes and mind Dubai it’s got to be the most ridiculous place on earth. I have no desire ever to go there. MAJOR FAIL!!

[francescos]

It will always fail until there is a trasformation in data, and awareness, it will always fail like colonization and clean oceans, water, bridges, data energy, oceanography ML and others, put a limit to compassion and love, isn't endless to me wisdom and humblesness is the focus .

[yenpham-jbwo]

We’ve made them so disgustingly rich they are burning money. For sitting on oil

[roystonboodoo]

Tin gods waste waste waste.
Takes <$200 billion annually to alleviate poverty worldwide.
Such waste et al, coupled with the $$$ trillions spent on Warmongering, there can be relative normalcy and prosperity in the world.

[christoperspeer]

Does man know more than God? The ocean. currents are set. Dubye, bye bye

[roystonboodoo]

Tingods MANmade stuff also systems otherwise.