A proposed $5 billion real estate project may see Canadian businessman Michael Henderson building a 900-foot replica of the moon on top of a 100-foot building in Dubai.
The project will be funded by Moon World Results Inc., of which Henderson is the co-founder.
Henderson has proposed to build a resort inside the spherical structure, including a 4,000-room hotel, a 10,000-seat arena, a nightclub, a possible casino and a “lunar colony” that would allow guests to experience the physical feeling of walking on the moon.
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The project, dubbed Moon, is a far cry from the city’s unfinished buildings left over from the 2009 financial crisis. Dubai had to be given a $20 billion bailout from Abu Dhabi, the capital of the United Arab Emirates, to stay afloat at the time.
Now, the housing market has transformed with residential sales reaching a record high last year.
The project will be funded by Moon World Results Inc., of which Henderson is the co-founder.
Henderson has proposed to build a resort inside the spherical structure, including a 4,000-room hotel, a 10,000-seat arena, a nightclub, a possible casino and a “lunar colony” that would allow guests to experience the physical feeling of walking on the moon.
In Memoriam 2022: 100 Great Celebrities Who Died In 2022
The project, dubbed Moon, is a far cry from the city’s unfinished buildings left over from the 2009 financial crisis. Dubai had to be given a $20 billion bailout from Abu Dhabi, the capital of the United Arab Emirates, to stay afloat at the time.
Now, the housing market has transformed with residential sales reaching a record high last year.
- 5/21/2023
- by Alex Nguyen
- Uinterview
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