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He is the Founder and Chairman of FIVE Holdings, which includes FIVE Hotels and Resorts; FIVE Palm Jumeirah, FIVE Jumeirah Village, FIVE Zurich, FIVE LUXE, and FIVE Music along with The Pacha Group. He is ranked number 1623 in the Forbes list of the World’s Billionaires List: The Richest in 2024 with an estimated net worth of $2 billion. [1]
The Palm Jumeirah Dubai's Monorail. The Palm Jumeirah Monorail is a 5.4-kilometre-long (3.4 mi) monorail connecting the Atlantis Hotel to the Gateway Towers at the foot of the island. [11] [12] The monorail connects The Palm Jumeirah Dubai to the mainland, with a planned further extension to the Red Line of the Dubai Metro. [13]
The Palm Trump International Hotel & Tower was a proposed skyscraper hotel and residential complex at the trunk of the Palm Jumeirah in Dubai.It was a joint venture between the Trump Organization and Dubai-based Nakheel, a government-owned company, and was announced on October 5, 2005.
The Palm Islands consist of three artificial archipelagos: Palm Jumeirah, Dubai Islands (formerly known as Palm Deira or Deira Islands), and Palm Jebel Ali, [1] on the coast of Dubai, United Arab Emirates. The Palm Islands were constructed around the same time as The World Islands. Nakheel Properties is the Palm Islands real estate developer. [2]
Kempinski Hotel & Residences Palm Jumeirah are the first residences to open on the crescent of Palm Jumeirah in Dubai. The project was due to open in 2009, however has been delayed due to the economic down turn. [2] The property began construction in 2006. [3] [4] The operating company of the residences is Kempinski Hotels of Germany.
Jumeirah was established in 1997 and became a part of Dubai Holding in 2004, which is owned by Sheikh Mohammed bin Rashid Al Maktoum.Headquartered in the United Arab Emirates, the group manages 26 properties, including beachfront resorts, city hotels, and luxury serviced residences across the Middle East, Europe, and Asia.
In January 2014, the Waldorf Astoria Dubai Palm Jumeirah opened in Dubai, on the Palm Jumeirah. [4] In October 2014, Hilton Worldwide announced the sale of the Waldorf Astoria New York hotel to Chinese firm Anbang Insurance Group for $1.95 billion. The Hilton group continues to operate the hotel under a 100-year management contract with the ...
Nakheel Properties (Arabic: نَـخٍـيْـل, romanized: nakhīl, lit. 'palm tree') is a real estate development company based in Dubai, United Arab Emirates. [3] The formal name of the company is Nakheel PJSC (private joint stock company) and it was a subsidiary of Dubai World and a private state-owned enterprise.