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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 Jumeirah Monorail and Atlantis the Palm Hotel, Dubai in May 2008. Major land reclamation in the United Arab Emirates, though a relatively recent phenomenon, has significantly changed the geography of some parts of the country. Multiple land reclamation projects, both completed, under construction, and planned, have changed the appearance ...
The plan consists of 10 key areas including Madinat Al Arab, expected to become the new downtown and central business district of Dubai. [3] Madinat Al Arab was developed by an international consortium of architects, planners and urban developers featuring resorts, retail, commercial spaces, public spaces, a broad mix of residencies and an integrated transport system including light rail and a ...
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 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 ...
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.
Property prices in the Emirates had fallen 58% from their peak in the fourth quarter of 2008. [24] The world economic recovery from the Great Recession resulted in a rebound for the Dubai real estate market: it was reported that "residential prices [in Dubai] rose by 17.9% from August 2012 to 2013, while rents soared by 14.9% in the same period".
In 2004, Dubai developer Nakheel Properties launched the Palm Deira project as an 11 billion dirham property development off the coast of Deira in Dubai that was due to contain up to 8,000 villas. Dutch dredging contractor Van Oord was recruited to start the project in 2005. [ 4 ]
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