Jump to content
House Price Crash Forum
Sign in to follow this  
cashinmattress

Work On Iconic Trump Tower In Dubai Halted Indefinitely And Site Levelled

Recommended Posts

Work on iconic Trump Tower in Dubai halted indefinitely and site levelled

It was to be one of Dubai's flashiest developments and success was assured by the Trump name. But now the Trump International Hotel and Tower site has been levelled and what was to be the centre piece of developer Nakheel's prestigious Palm Jumeirah project will fall quiet.

Nakheel, which was developing the project, first called a halt at the end of last year and a statement said that they project was delayed. Now it has been suspended indefinately.

The Al Habtoor Leighton Group confirmed that it is finishing levelling work and it will leave the site next month. A spokesman admitted that they have no idea when work might re-start but the site is ready for a possible resumption in the future.

'Initially they (Nakheel) thought it would be six to 12 months, but the honest answer's going to depend on what happens in the market. It's a high-end product, so it's got quite an unusual market,' said David Savage, the managing director of Al Habtoor Leighton Group.

'We're finishing off the ground levelling and will be leaving the site in the next month. Nakheel stopped the contract but we kept working with them to get the site closed up,' he added.

Trump Tower was to be the first in the region for global property entrepreneur Donald Trump. He even attended a lavish even in New York to launch the project.

Nakheel has delayed work on most of its high-profile projects, including Palm Deira, The Universe and Nakheel Harbour and Tower. Many of Dubai's iconic construction projects are either cancelled or on hold as the global property crisis hits the region hard.

Let this be a lesson to the lot of you that property is always a gamble.

Share this post


Link to post
Share on other sites
Guest sillybear2

trumpseed.jpg :blink:

Trump is a serial bankrupt, this has to be expected, he doesn't even own the rights to his own name anymore, he is basically owned by his creditors. His scheme in Mexico has collapsed too taking everyones deposits with it.

Amazingly he's still scamming in Scotland :-

http://news.scotsman.com/scotland/Tycoon39...-the.5314214.jp

post-13375-1243712018_thumb.jpg

Edited by sillybear2

Share this post


Link to post
Share on other sites
trumpseed.jpg :blink:

Trump is a serial bankrupt, this has to be expected, he doesn't even own the rights to his own name anymore, he is basically owned by his creditors. His scheme in Mexico has collapsed too taking everyones deposits with it.

Amazingly he's still scamming in Scotland :-

http://news.scotsman.com/scotland/Tycoon39...-the.5314214.jp

St Andrews, Glen Eagles, Troon, Carnoustie, Prestwick, Muirfield, Musselburgh, Turnberry... these are the places where golfers really want to play, and they are already kitted out accommodations and authentic historic Scottish countryside and villages.

Why Trump thinks people will forgo the old courses and travel to the North East to play on some new course, complete with American style tat is beyond me. For those that love the game, well, it makes more sense to travel to South Carolina in America.

Trump doesn't give a rats ass about Scotland or the UK. He is driven by money. It's all been very cloak and dagger, and dodgy.

Share this post


Link to post
Share on other sites
Trump doesn't give a rats ass about Scotland or the UK.

Yes but:

Mr Trump, who has previously made two private trips to the estate, also spoke with pride about his Scottish ancestry. His grandmother, Mary MacLeod, was born on the Isle of Lewis. "I definitely feel very much at home when I am here in Scotland," he said.

:lol::ph34r:

Share this post


Link to post
Share on other sites
Yes but:

Mr Trump, who has previously made two private trips to the estate, also spoke with pride about his Scottish ancestry. His grandmother, Mary MacLeod, was born on the Isle of Lewis. "I definitely feel very much at home when I am here in Scotland," he said.

:lol::ph34r:

The article's very confusing, but it appears that it's not actually Donald Trump that they're quoting, but his son, Donald Trump. :blink:

Share this post


Link to post
Share on other sites
Guest sillybear2
You mean the younger one, "The Donny"

Assigning him this project is clearly a character test for him, what's the internal codename, "my first big scam"?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   291 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.