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The government of Dubai had invested heavily in infrastructure projects, such as the Palm Jumeirah and the Burj Khalifa, the tallest building in the world. In addition, Dubai had become a hub for international business and tourism. [3] However, the 2007–2008 financial crisis had a severe impact on Dubai's economy.
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]
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]
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 Jumeirah. The Palm Jumeirah is an artificial archipelago, created using land reclamation by Nakheel Properties, a company owned by the Dubai government, and designed and developed by Helman Hurley Charvat Peacock/Architects, Inc. It is one of three planned islands called the Palm Islands which extend into the
Atlantis, The Palm is a luxury hotel resort located at the apex of the Palm Jumeirah in the United Arab Emirates. It was the first resort to be built on the island and is themed on the myth of Atlantis [ 6 ] but includes distinct Arabian elements.
Atlantis The Royal was originally set to open in October 2022 but was rescheduled for 2023. [2] On December 23, 2022, British tabloid newspaper The Sun broke the story that Beyoncé would give an hour-long performance for The Royal on January 21 for more than $24 million, [3] making the concert the highest-paid private performance in history. [4]
The same companies also created the Palm Jumeirah. Construction of the 300 islands began in 2003, before being halted due to the 2007–2008 financial crisis . [ 2 ] Though 60% of the islands were sold to private contractors in 2008, development on most of the project has not started. [ 3 ]