In Dubai, they take
underwater real estate deals literally (h/t Noodles):
One of the crown jewels of its real estate empire, The Palm Jumeirah, is literally sinking into the ocean, one scientist told the Wall Street Journal.
The man-made island, which was dredged from seabed and shaped into a palm for luxury housing, is sinking by an average of 5 millimeters a year, an executive at leading European ground survey company Fugro NPA told the paper.
I am crying for David Beckham and Brad Pitt. How will they cope?
In Dubai, they take underwater real estate deals literally (h/t Noodles):
3 comments:
Simple, the homeowner's association can build a dyke.
DAVID BECKHAM, BRAD PITT GOT THEIR HOUSES FOR FREE, SO WHAT DO THEY CARE IF IT SINKS IN THE SEA
THIS REPORT IS JUST A GLOBAL WARMING SCARE IN DISGUISE, SINCE AS A RESULT OF "GLOBAL WARMING", THE SEAS ARE GOING TO RISE AND ENGULF THIS PLAYGROUND OF THE RICH AND FAMOUS.
Five millimeters a year isn't much. At that rate it would take 200 years to sink one meter. And the rate of settling will likely slow over time.
Dubai is totally screwed for many reasons, but this isn't one of them.
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