Dubai: The most ambitious project Mall of the World will be revised
Famous American real estate expert will make an adjustment plan for most ambitious project Mall of the World.
Morgan Parker, former CEO of Rose Rock Real Estate owned by the Rockefeller family, received an order to change the project to build almost entirely air-conditioned area which includes the biggest shopping mall in the world in Dubai.
The world's largest indoor theme park was also to become part of a new project. Firstly expert recommends to abandon the goal of Dubai to create the most ambitious world project. Despite the fact that the project for $ 20 billion is state-owned company Dubai Holding the scope of the project will require the mobilization of institutional investors and they do not like to take risks in instable market. Dubai has spent enough money on extravagant image-objects, it's time to realistic projects for income.
New plan includes three shopping centers to be built step by step depending on the demand and investments. This project is
ambitious by the standards of any city of 850 000 square meters of retail space, about 35 office buildings, 8000 apartments. To avoid traffic jams which inevitably would have caused such a complex in the heart of the city, will be revised its transport infrastructure.
Air conditioning in all the area considered environmentally unfriendly and uneconomical solution. Instead conditioning streets will be provided protection of overheating due to the mutual arrangement casts a shadow of buildings, arrangement of sheds and provision of pedestrian traffic through the building.
