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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[@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!

[@westrim]

Put simply, people like waterfront property.

[@Aireck174]

@@westrim They should just dig a big hole in a desert, fill it with water, and build homes all around it.

[@larryc1616]

Like their half empty sky scrapers. It's all a dumb show and no real use or longevity.

[@rishibajari]

People who buy homes on these islands are all multi millionaires and billionaires. They demand waterfront properties.

[@golnaz.shoush]

Have you even visited one of them?!?😅 last time I was there everything worked perfectly!

[@Plurple]

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

[@ephilippos]

Dubai is another artificial bubble waiting to explode😮

[@bharatikukreja3883]

such a good video 🙂

[@jj-ry2db]

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

[@larryc1616]

10 years ago🙄

[@rm783]

Money well diluted

[@CoachGaupo]

Today I found out Dubai flooded yesterday 😳

[@rhombifer566]

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

[@Jpwillerd]

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

[@garvinbenjamin7124]

Do one about Port of Spain Trinidad

[@garvinbenjamin7124]

Do one about Trinidad and Tobago

[@user-ke2kp3cw1d]

The financial crisis is because of Dubai

[@franzitaduz]

Foliage-folly.

[@felineboy1586]

Please do Kuwaiti sea city

[@francescos7361]

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 .

[@ploppill34]

Colonization seems to have done staggeringly well actually😂😂😂😂

[@roystonboodoo7525]

Tingods MANmade stuff also systems otherwise.

[@bcatblues725]

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!!

[@JoelVilleneuveAnaudin-yx5wv]

The sewage ? Was there last month… and with latest flooding aftermath, we can see the true reality…. Without power, without sewage, without communication, with plenty of mosquitoes, sewage smell , cracks in buildings , very very poor quality of the infrastructure in place…. As John Maynard Keynes stated : When the facts changed, I change my mind, what do you do Sir?”… Dubai is appropriate for precious metal trades as it has an excellent infrastructure and financial hub to accommodate this type of activity… Property..hummm nada

[@yenpham-jb4wo]

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

[@user-mk8he1ex3m]

Around only 16% of their GDP is oil

[@linhnguyen-ue4kg]

I see your joke there =))))

[@linhnguyen-ue4kg]

@@user-mk8he1ex3myes they are diversifying their economy, but not as good as Norway’s cause Norway’s oil money is put in a national fun run by real talents constantly doing maths and calculations to find out which are the best way to use the money, while Dubai’s oil money is used by princes who no one dares to say no or criticizes (otherwise they would be killed and dismembered =))))

[@roystonboodoo7525]

Tin gods waste waste waste. Takes

[@phoenix5054]

Does that number include the logistics of poverty alleviation?

[@roystonboodoo7525]

@@phoenix5054.. scope was not identified

[@francescos7361]

NEOM , trillion city should trasform like Singapore or African cities and work on actuarial science I appreciate Nigeria , for this .

[@larryc1616]

Takes much more than that

[@roystonboodoo7525]

@larryc1616 I recall It was an amount touted some years before the catastrophic tsunami in SE Asia

[@davisklein5720]

Let’s go Brandon

[@larryc1616]

Trump 2024 = Make Prison Great Again!

[@davisklein5720]

@@larryc1616 imagine supporting Biden. Lmao.

[@krisr7987]

​​@@davisklein5720 Imagine supporting and voting for any President! Both sides are two sides of the same coin! Our President is always already picked before we get to "vote". We are only given the illusion that we actually vote for a President