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FunTranscript
00:00For some, Dubai is the essence of luxury.
00:03In 1966, Sheikh Rachid bin Saeed Al Maktoum
00:07transformed a peaceful village of fishermen
00:10into a dazzling megalopolis scattered with skyscrapers.
00:13All this was made possible thanks to oil revenues.
00:16Year after year, investors and expatriates flocked to the city.
00:21Today, Dubai houses indoor ski resorts,
00:24open-air water parks,
00:26drone weather control,
00:29futuristic gardens,
00:31and floating tennis courts.
00:34But is everything as idyllic as it seems?
00:37The city lies on moving sands,
00:40in a desert where temperatures can reach 50°C.
00:44Could Dubai be a disaster that is just about to happen?
00:48Could it be? Or maybe not?
00:50Let's find out together.
00:54One of the most controversial projects of this emirate
00:57seems to be in danger.
00:59We are talking about the artificial islands of Dubai,
01:01off the coast.
01:03Built from sand extracted from the seabed,
01:06they are part of an ambitious plan
01:08aimed at creating swimming pools
01:10and residences for the ultra-rich.
01:12However, at present,
01:14most of these islands are abandoned,
01:17and their market has collapsed.
01:19The worst?
01:20No one expected such a result.
01:23They are already disappearing into the sea.
01:27Let's take a closer look at these extraordinary islands.
01:30There are the three palm-shaped islands,
01:33Palm Jumeirah, Palm Jebel Ali, and Palm Deira,
01:37an archipelago of 300 small islands called The World,
01:41and a last set of islands,
01:43designed according to the constellations,
01:45The Universe.
01:47Construction began in 2000 with the Palm Islands.
01:52The main objective was to create an oasis
01:55or even the oasis of Dubai,
01:57with more luxury shops,
01:59hotel complexes, restaurants and beaches.
02:03The Palm Islands, for example,
02:05have houses similar to manors,
02:07built in contemporary styles
02:09within secured residences.
02:11They are supposed to reproduce
02:13the style of the Hollywood hills.
02:16Currently, Palm Jumeirah is the most developed of all
02:19and has businesses,
02:21residences and hotels in operation.
02:24The other two Palm Islands are described as being
02:27rather under-exploited,
02:29or even completely deserted.
02:31As for the World Archipelago,
02:33it has not even started yet,
02:35but it is already supposed to be completed by 2028.
02:41The World Archipelago has encountered
02:43a series of problems since the beginning of its development.
02:46These problems were mainly related
02:48to the use of oceanic sand
02:50to build the islands.
02:52The water and the wind
02:54began to flood the islands on the first day.
02:56But that is not all.
02:58The rise of oceanic levels
03:00now threatens to swallow them up entirely.
03:03In addition, the economic impacts of the 2008 crisis
03:06are still felt.
03:10Let's analyze in detail
03:12to measure the extent of this real estate disaster.
03:16Palm Jumeirah,
03:18the only set of islands considered successful so far,
03:21is literally sinking at a rate of 5 mm per year.
03:24It turns out that the accumulated sand on the seabed
03:27is not very effective in supporting the weight
03:30of the hundreds of thousands of tons built on it.
03:34The islands of Dubai are sinking
03:36and the level of the ocean is rising.
03:38It is undeniable.
03:40How did the engineers at the origin of these grandiose projects
03:43not have been able to foresee such a result?
03:45This is clearly not the case.
03:47The slag surrounding the islands
03:49reaches only 2 meters in height,
03:51well below what is necessary
03:53for serious protection.
03:55Hydric erosion also carries
03:57between 10 and 15,000 cubic meters of sand per year,
04:00a figure that will increase
04:02as global warming
04:04intensifies weather conditions
04:06and oceanic tides.
04:11It is also necessary to mention
04:13the ecological problems
04:15of the destruction of these islands.
04:17To begin with, the process
04:19has monopolized an excessive amount
04:21of natural resources,
04:23resulting in a decrease in biodiversity
04:25and the extinction of certain species.
04:27These islands are extremely harmful
04:29to the fauna and marine flora.
04:31Dubai consumes a lot of energy
04:33and natural resources.
04:35In 2019,
04:37the average water consumption per person
04:39was 550 liters per day,
04:41the highest in the world.
04:4398% of this water
04:45comes from desalination plants
04:47that use a considerable amount
04:49of fossil fuels.
04:51In addition, the extensive use
04:53of marine sand and sediment
04:55to build the islands
04:57has had catastrophic consequences
04:59for the local ecosystem.
05:01During construction,
05:03the waters became troubled
05:05because of the slag,
05:07suffocating marine life
05:09formerly prosperous.
05:12Let's take a closer look
05:14at one of Dubai's flagship projects,
05:16the Isles of the World,
05:18and discover the mysteries
05:20behind it.
05:22The construction of this archipelago
05:24began in the early 2000s,
05:26surrounded by rumors
05:28about the purchase
05:30by celebrities
05:32of extravagant hotel projects.
05:34For many years,
05:36the completion of the project
05:38seemed uncertain,
05:40and the most ambitious project
05:42of the United Arab Emirates
05:44almost became a ghost town.
05:46Simultaneously,
05:48Dubai's reputation
05:50as a destination for luxury
05:52and investment holidays
05:54has strengthened,
05:56positively impacting
05:58the archipelago of the world.
06:00For example,
06:02the hotel group Anantara
06:04has inaugurated a complex
06:06of 70 rooms,
06:08which gives hope
06:10to this once abandoned destination.
06:12So, what exactly
06:14are the Isles of the World?
06:16Located about 4 km
06:18off the coast of Dubai,
06:20in the Persian Gulf,
06:22these islands form an archipelago
06:24that reproduces the world in miniature.
06:26Each island bears the name
06:28of a country,
06:30and the whole was created
06:32by the company Nakhil Projects,
06:34based in Dubai,
06:36The artificial islands
06:38were built by extracting
06:40sand from the Gulf
06:42and transporting it to the site
06:44intended for this purpose.
06:46Several million tons of rock
06:48were used to keep them in place.
06:50In total,
06:52there are 300 islands,
06:54each measuring between
06:5623,200 and 83,600 m2.
06:58To date,
07:00more than $14 billion
07:02has been invested in the construction.
07:04The project has overcome
07:06many obstacles,
07:08including the stop of work
07:10and rumors that the Isles of the World
07:12were sinking into the ocean.
07:14For many years,
07:16the Art of Europe project
07:18has been the most promising.
07:20This development would transform
07:22some of the islands
07:24into a replica of the European continent,
07:26creating artificial weather conditions
07:28in some areas,
07:30including snow and rain.
07:32The project involves the construction
07:34of several luxury hotels,
07:36private residences,
07:38and even floating villas.
07:40Each villa is designed
07:42to transport the occupants
07:44to different European destinations
07:46such as Venice, Sweden,
07:48Monaco or Germany.
07:50This ambitious project
07:52is still under development
07:54and the group is actively
07:56looking for potential investors.
07:58The most exciting project
08:00Located in the Latin American part
08:02of the archipelago
08:04and offering an impregnable view
08:06of the city,
08:08this complex opened its doors in 2021.
08:10The hostels include suites,
08:12villas on the beach
08:14and villas with swimming pool.
08:16Currently, it is the only complex
08:18open on the entire archipelago,
08:20offering a feeling of privilege
08:22and confidentiality.
08:24It is interesting to note
08:26that the development and purchase
08:28of this complex is relatively confidential.
08:30An old ad on the web
08:32initially offered all the islands
08:34while the islands of the world
08:36were still an intriguing project.
08:38Later, there was only one
08:40individual island to sell.
08:42The identity of this island
08:44has not been disclosed
08:46but the ad described it
08:48as an island not developed
08:50of 87,000 square meters
08:52put up for sale for $16 million.
08:54This may seem an exorbitant amount
08:56associated with the project of the islands of the world
08:58but their value could easily increase
09:00if the Anantara complex
09:02keeps its promises.
09:06Moreover,
09:08if you want to acquire a plot of these islands
09:10but can't find anything to sell,
09:12think of the private purchase opportunities
09:14within Heart of Europe.
09:16This project offers its investors
09:18the possibility of acquiring
09:20a village residence on one of these islands,
09:22including luxury homes
09:24and villas,
09:26or even a private island,
09:28as long as you have the means.
09:30I wonder,
09:32how do you do the shopping there?
09:34As far as I know,
09:36the infrastructure is flawed.
09:38Do they even have a delivery service?
09:40Or do you have to walk
09:42to the nearest luxury hotel
09:44to have breakfast?
09:46On the other hand,
09:48given the price of your property,
09:50breakfast should not be
09:52a problem.