Dubai: Hanging the Moon?
A Canadian developer wants to — literally — hang the moon in Dubai, building a $5 billion, 900 foot tall moon that would sit atop a Dubai skyscraper.
According to the Associated Press, Canadian entrepreneur Michael Henderson envisions that the MOON could house a “4,000-room hotel, an arena capable of hosting 10,000 people and a “lunar colony” that would give guests the sensation of actually walking on the moon…The MOON would sit on a pedestal-like circular building and would glow at night. Henderson discussed the project at the Arabian Travel Market earlier in May in Dubai.”
Dubai, the host city of CoreNet Global’s Global Summit in September is host to some of the world’s most famous architecture, including the tallest building anywhere on earth, the Burj Khalifa.
Dubai is on a real estate rebound, according to the article: “Rents on average across Dubai are up 26.9% year-on-year, even with anti-price-gouging protections. Dubai saw 86,849 residential sales last year, beating a previous record of 80,831 from 2009.”
Other projects are seeing new signs of life. Nakheel, the state-owned developer behind the Palm Jebel Ali, has relaunched development plans for the man-made archipelago, according to the article. “The developer also unveiled a multibillion-dollar plan to build 80 resorts and hotels on the man-made Dubai Islands, though it remains largely empty and under the flight path of the nearby Dubai International Airport, the world’s busiest for international travel.”