| Dubai and the Pearl Project, a Landmark|
|The present Dubai rulers of Dubai have realized that oil as a commodity will not be available to fuel the development of the island city after another 10 years. They have thus decided and put into practice a plan to make Dubai an international centre for business and pleasure. With this the city state can continue to earn revenue even after the oil boom is over.|
As part of this revenue earning project is Dubai Pearl. This is planned to have a spread of 1.85 million-square meters. Presently it is under construction. The plan is to have three towers that will be connected from the base to top by an innovative sky bridge. The towers will be 300meters tall and have 73 floors. Construction of Dubai pearl commenced in 2008 and is slated for completion by 2013. The project is to cost $4 billion and is funded by an international consortium
The powers that be have planned this conglomerate to house as many as 20,000 people. It is an urban project that is unique to Dubai. For this project a team of international architects has helped to design this project. This is Dubai pearl connected by an elevated freeway about 20 minute driving times from Dubai airport. It is also only 2 minutes away from the emirates golf course.
What all will Dubai pearl have? It will have sky palaces and pent houses as well as a five star hotel with 2000 rooms. In addition luxury apartments and an international retail and leisure area will be developed. There will also be a performing arts theater with a seating capacity of 1500.
The entire complex will be walk able and the air-conditioning will be able to generate special climate control. In addition it will try and create an ambiance as in Paris with street side cafés, restaurants and boutiques. Everything will be on a gigantic scale as wall as the car park that will be able to house 15000 cars.
The construction is on in full swing and in September last year it was announced that 50% of the work was completed. This is itself a feat as Dubai is in the grip of recession and the property market in Dubai has crashed. In the long run Dubai will certainly come out of the present recession as nearly one trillion dollars is injected by the Arab world in dubious debt. It should not be forgotten that 40%of the world wide cash assets of the world are held in the Middle East. Perhaps Dubai pearl will be the beacon that may help it get out of its recession.