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steel structure
Dubai revisits underwater hotel plan
By nicaq25 on Fri, 03/07/2009 - 7:11pmDubai is revisiting plans first mooted in 2003 to build the world's first underwater hotel.
Local developer Meraas Development is proposing the scheme, and plans to conduct a feasibility study for the project, which, if it goes ahead, will be built off Jumeirah Beach.
It is not known why the original scheme was abandoned, but the revival of interest in the project poses challenges for both developers and contractors.
"It seems a bit crazy given the current financial climate," one source close to the project tells MEED. "There are lots of issues, but I think the funding model will be the most challenging aspect."
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