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These projects included the construction of the Burj Khalifa, the world's tallest building, and the Palm Jumeirah, one of the world's largest man-made islands. The 2007–2008 financial crisis led to the Dubai housing crash in 2009 and a sharp decline in property values and a slowdown in development activity.
The Palm Jumeirah is an archipelago of artificial islands on the Persian Gulf in Jumeirah, Dubai, United Arab Emirates. It is part of a larger series of developments called the Palm Islands , including Palm Jebel Ali and the Dubai Islands , which, when completed, will together increase Dubai's shoreline by a total of 520 kilometres (320 mi). [ 3 ]
Palm Grandeur is a 5-star Resort, Spa, while The Grandeur Residences, is a AED 1.2 billion (USD$ 327 million) development project being built on the crescent of the Palm Jumeirah in Dubai, United Arab Emirates.
Sobha Realty station is located near Interchange 5 of Sheikh Zayed Road in Al Thanyah Fifth, around 20 kilometres (12 mi) southwest of Downtown Dubai. It lies to the east of the northern half of the Dubai Marina and to the west of the northern portion of Jumeirah Lake Towers .
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 .
Palm Jebel Ali (Arabic: نخلة جبل علي) is an artificial archipelago in Dubai, United Arab Emirates. It began construction in October 2002 and was originally planned to be completed by mid-2008 but has been on hold since. [ 1 ]
The Jumeirah Islands (Arabic: جزر الجميرا) is a housing development in Dubai, United Arab Emirates, developed by Nakheel Properties, a Dubai-based property development company. The development is located inland from Dubai Marina and Jumeirah Lake Towers , east of the central spinal highway, Sheikh Zayed Road (E11), between ...
DAMAC Properties was founded in 2002 by Hussain Sajwani, [7] a billionaire Emirati business tycoon. [7] [3] In November 2013, DAMAC announced plans to raise approximately $500 million on the London Stock Exchange via a sale of global depository receipts. [8] Sajwani is a close friend and associate of Donald Trump. [9]
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