杜拜世界島下沉 客戶提告

杜拜世界島下沉 客戶提告
2011年 01月22日 蘋果日報

阿聯
【歐陽梅芬╱綜合外電報導】位於阿拉伯聯合大公國杜拜外海4公里處,全以人工填海方式打造的「世界島」(The World)正在往下沉!購買「世界島」航運權的客戶因此對開發商納克希爾公司提出告訴。
日前在杜拜開庭時,原告企鵝海運(Penguin Marine)公司英國律師威默-史密斯對庭上指出:「世界島正逐漸沉入海中。」
航道淤塞難往來

威默-史密斯也提出證據顯示,「世界島」的沙地遭到侵蝕,島嶼間的航道也出現淤塞現象。企鵝海運原先買下各島嶼間往來的船運權,每年須支付納克希爾公司約4600萬元台幣權利金,但因生意清淡,打算退出營運。
納克希爾公司稱,以飯店設施及豪華別墅招徠顧客的300多座島嶼,已賣出七成。但實際上目前僅格陵蘭島一處有人居住。受金融危機影響,開發計劃已經停頓。
威默-史密斯稱「世界島」開發計劃已經「死亡」,但納克希爾公司的律師則反駁稱計劃只是暫緩,但為期十年的開發計劃一定會完成。
http://tw.nextmedia.com/applenews/article/art_id/33132249/IssueID/20110122


The end of The World: Dubai island development sinks back into sea after being scuppered by financial crisis

By Daily Mail Reporter
Last updated at 2:10 AM on 23rd January 2011

It exemplified the booming property market and ambition of Dubai’s entrepreneurs.

But after the global financial crisis led to the collapse of the emirate’s home-building market, a unique development known as ‘The World’ is reportedly facing Armageddon.

The project, a man-made archipelago designed to resemble a map of the planet, is facing disaster as its islands have begun sinking, a tribunal heard this week.

The development, which sits a mile and a half from the mainland, is all but vacant after investors who bought up its ‘nations’ saw their finances collapse after the economic crash.

A company that ferries people to the islands is now seeking to withdraw from its contract with Nakheel, developers of The World, due to a lack of business and the erosion of the islands’ sands.

Richard Wilmot-Smith QC, a British lawyer for Penguin Marine, told a property tribunal the islands are ‘gradually falling back into the sea’

He added there was evidence of the ‘erosion and deterioration of The World islands’.

Only one of the ‘nations’ – Greenland is inhabited currently, with Dubai’s ruler owning a show home on the island.

While Nakheel deny penguin Marine’s contention that the project is ‘dead’, the firm admits The World has slipped into ‘a coma’.

‘This is a ten-year project which has slowed down,’ he told the tribunal. ‘This is a project which will be completed.’

He added Penguin would see a return on its investment.

‘That's the price Penguin makes to stay in the game," he said. ‘They have the potential to earn millions.’

The tribunal found for Nakheel on Thursday, with full reasoning to come later.

A spokesman for Nakheel insisted the islands were not sinking.

‘Our periodical monitoring survey over the past three years didn't observe any substantial erosion that requires sand nourishment,’ a statement said.

The World has already experienced its fair share of problems, with the businessman who bought the Ireland residence committing suicide after the collapse of his company while a London businessman who paid £43million for the Britain island was jailed for seven years last year for bouncing cheques.

The claims of the erosion of The World comes as a Reuters poll showed Dubai’s house prices are set to fall by another 10 per cent over the next two years.

Property prices in the emirate have fallen 58 per cent from their peak in the fourth quarter of 2008.

http://www.dailymail.co.uk/news/article-1349532/Dubai-islands-falling-sea-Dubai-World-sinks-fund-crisis.html


Dispute over the state of The World
Bradley Hope

Last Updated: Jan 20, 2011

The World islands located off the coast of Dubai are eroding and their navigation channels are cloging up with silt, the Dubai World Tribunal heard yesterday.

The allegations were made yesterday by a company hired by the developer of the man-made islands project to ferry goods and people to and from the development.

"The islands are gradually falling back into the sea," said Richard Wilmot-Smith QC of London, who was acting on behalf of Penguin Marine - which has an exclusive contract for all transport of construction materials and staff to and from the islands. The evidence shows "erosion and deterioration of The World islands", he said.

The World was one of the first major projects in Dubai to suffer a slowdown in late 2008 as property prices began to tumble and developers faced financial difficulties. Made up of about 300 artificially created islands in the shape of the continents, The World is one of the most well-known projects in Dubai. So far, the only major activity was at the Heart of Europe, a project by the Austrian developer Josef Kleindienst, and Lebanon, which is being developed by the Indian investor Wakheel Ahmed, lawyers said yesterday.

Penguin had asked the Tribunal to stop Nakheel from cashing a performance bond and an advanced payment guarantee together totalling more than Dh6.86 million (US$1.86m) after Penguin stopped paying an annual fee to the company - also called The World - in charge of the project. The company is fully owned by Nakheel. The three-judge Tribunal rejected the claim yesterday and said it would provide a full explanation for its decision in the coming weeks.

Mr Wilmot-Smith, who was hired by Penguin's local lawyers at Hadef & Partners, contended that the "deteriorating" state of The World was proof that work had "effectively stopped" on the project and that Penguin should no longer be obliged to pay an annual fee of either Dh5 million or 15 per cent of revenue, whichever is larger. Graham Lovett, the regional managing partner of the international law firm Clifford Chance who was representing Nakheel before the Tribunal, said the project had not been cancelled but was slowed by the global financial crisis.

Disagreeing with Mr Wilmot-Smith's description of the project as "dead", he said The World was in "a coma" but would be revived as market conditions picked up.

"This is a 10-year project which has slowed down," Mr Lovett said. "This is a project that will be completed."

Mr Lovett said the annual fee Penguin paid to The World company was what it agreed to pay to have a monopoly on all transport to the islands.

"That's the price Penguin makes to stay in the game," he said. "They have the potential to earn millions … when [the project] comes out of a coma."

Penguin Marine, which is affiliated with the Singapore marine equipment and logistics company Penguin International, has spent Dh25m on building infrastructure at Port Rashid to handle the flow of materials and construction workers to the islands, Mr Wilmot-Smith said.

Penguin said in a filing to the Dubai World Tribunal that the "navigation channels .… are so presently ill-defined, and the water depths have been so seriously eroded due to reclaimed sand silting-up the navigation channels, that major reclamation works will henceforth be required on The World islands to allow safe passage of the Respondent's marine vessels to the Islands".

The Dubai Government set up the Dubai World Tribunal in December 2009 to handle all disputes related to the conglomerate Dubai World as it restructures.

A spokeswoman for Nakheel yesterday rejected allegations the islands were sinking into the sea.

"The World islands is not sinking, and our periodical monitoring survey over the past three years didn't observe any substantial erosion that requires sand nourishment," she said.
http://www.thenational.ae/business/property/dispute-over-the-state-of-the-world

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