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The Failure of Dubai's Man-Made World Islands

✅ Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://masterworks.art/urbaninternat... Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. 🎨 See important Masterworks disclosures: http://masterworks.io/cd Dubai is known for its lavish living and some JAW DROPPING construction projects like the Burj Khalifa, the Frame, and Dubai Aquarium! The city is one of the most popular tourist destinations in the world with an influx of nearly 16 million visitors every single year. Today we are discussing the famous World Islands project that was started prior to 2008 but never finished construction. Located off the coast of Dubai, the World Islands are a collection of small man-made islands similar to the Palm Jumeirah but designed to replicate the shape of world! We discuss a few issues with these lavish islands that were up for sale to private developers, including rising sea level, transportation difficulty, and what the current economic outlook is doing to Dubai's development. Disclaimer: “Net Return" refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the date the sale is consummated. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. See important Reg A disclosures: masterworks.com/cd If you want to see more content follow me and subscribe! Here’s a breakdown of the video: 0:00 Overview of Dubai’s World Islands project 0:55 What are the World Islands? 1:51 How the World Islands were built 3:07 Major problem with the World Islands 4:49 Why the Islands are underdeveloped 5:27 The 2008 financial crisis 7:08 Development on the World Islands 11:55 The future of the World Island project 🔴Programs I use and recommend: ➽ TubeBuddy legend - best for A/B testing: https://www.tubebuddy.com/JacobP ➽ VidIQ Boost - best for keywords & trends: https://vidiq.com/Jacob 💸 Shop Amazon deals with our code: https://amzn.to/3LEQ5dX 💻 Inquiries: [email protected] Disclaimer: This description contains affiliate links, which means that if you make a purchase, I receive a commission at no additional cost to you. #Skyscraper #WorldIslands #Dubai

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