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What's going on with Dubai's 81.5 billion dollar float? Why does this happen?

When we talk about Dubai, people will think of the luxury cars all over the street, as well as many "world first" titles, such as the world's tallest building, the world's largest shopping center, the world's most luxurious subway, and so on. The myth created by Dubai makes people feel that there is nothing that the city can't build. However, what we didn't expect happened. Dubai will also fail to invest, with a total amount of 81.5 billion. How can it be?

Dubai's buildings always seem so crazy, thinking of things that ordinary people dare not think of. And those successful cases have intensified Dubai's pursuit of the world's first. However, one day, Dubai failed to build the world's first man-made island, and invested 81.5 billion yuan in the sea.

Dubai is a city with half sea and half desert. The local buildings are built according to the sea, and the seaside houses are naturally more popular. In order to make the residence surrounded by the sea, Dubai built palm island in 2001. Palm Island is composed of four islands, namely, Jumeirah palm island, Alishan palm island, daira palm island and World Island. The first one to start construction is Jumeirah palm island. Although the reclamation project is huge, the good thing is that the project is successfully completed on schedule.

The first stage of the construction of jumeila palm island took five years, and more than 14000 workers worked hard day and night to complete the construction of jumeila palm island. In order to successfully complete the construction of jumeila palm island, Prince Sheikh & middot; Muhammad & middot; Ben & middot; Rashid & middot; Prince of Dubai; Al Maktoum personally controls the construction in order to compete with Las Vegas to become the leisure capital of the world, attract more tourists and have a sustainable development industry.

Palm jumeila is an artificial island shaped like a palm tree trunk. There are private houses, apartments, parks and playgrounds on the island. The palm island of jumeila has all kinds of facilities. The house price is high. It can accommodate 4000 Islanders. It has been sold out before it is built. Most of the buyers are stars, actors, singers and politicians. Most of them are British people.

The success of palm jumeila makes other islands of palm island even more promising. People think that after the completion of the artificial island, the supply of houses on the island will be in short supply. However, the construction will be more difficult as the construction goes down. In addition to the financial problems, there are also many difficulties in reclamation projects. When building the largest world island among the four islands, the reclamation project was stranded due to debt disputes.

The world island is composed of 300 small artificial islands. The shape of these small worker islands is built according to the countries and cities on seven continents, including Britain, the United States, China and other countries, as well as some famous big cities, such as Beijing and Shanghai. The waters between the islands are 50 to 100 meters apart, and the price depends on the size of the island. Even the cheapest Island costs more than 30 million yuan.

The reclamation project of the world island is huge. The cost of reclamation alone is as high as 81.5 billion yuan, which consumes 30 million tons of rock and 300 million cubic meters of sea sand. In 2008, after falling into the financial crisis, the construction of the world island has been delayed, and has become 'the biggest unfinished project in history'. What's more sad is that the world island is sinking slowly now. Even if it is intended to be rebuilt, the funds needed to be invested are unpredictable.