Location : Dubai
Country : united arab
This location is very beautiful and stunning highly inappropriate for a family vacation who want to travel.
April 15, 20011 The property boom going on in the Persian Gulf at present knows no bounds, largely because it has been given a grand vision. Conceptualized to solve Dubai's beach shortage by Sheikh Mohammed bin Rashid Al Maktoum, the person who has masterminded the emergence of Dubai, the Palm Trilogy is to be completed with a collossus , adding a few records to Dubai’s already splendid set of man-made biggests. Nakheel will employ its now highly-refined island building methods to create the largest man-made island on the planet, housing more than a million people in fine style. With a surface area of 46.35 million square meters, the Palm Deira will be bigger than Paris. That's it on the right, next to the World, then Palm Jumeirah, then Palm Jebel Ali on the left. Check out the great piccies and renderings in the photo library.
The Palm trilogy was created to solve Dubai's beach shortage. The Ruler of Dubai drew a sketch of a palm tree, realizing its fronds would provide more beach frontage than a traditional circular island. From this insight, the idea of The Palm was born and three islands envisioned.
The development will occupy an enormous expanse of reclaimed land in the Gulf between Dubai Creek and the Sharjah border. It consists of several major elements which lead from the coastline of Dubai out into the Gulf to the four islands which collectively take on the form - made famous by the first of The Palm trilogy, The Palm Jumeirah - of a palm tree surrounded by a crescent. When completed, the islands will be linked to the mainland by bridges which will integrate into the current road transport network as well as the planned Dubai Metro train system.
Development of The Palm Deira began in 2003, and since then extensive planning and studies have been carried out to refine the initial masterplan. The design has evolved, not only to take into account improvements to the project itself but also to react to demand in the marketplace and to ensure that the plan fits with the predicted long-term needs of Dubai and the area of Deira in particular. Currently, reclamation is progressing on schedule with over 198 million cubic metres of sand already in place – 20 per cent of the total planned volume of the finished Palm Deira, and 80 per cent more than that used to create The Palm Jumeirah. The development will be created in distinct phases, with reclamation of the entire development expected to be completed during 2013.
Still under construction are the Palm Jumeirah's 32 hotels, monorail, water theme park, and the Trump International Hotel and residence tower.
The developments are central to Dubai's property boom. Properties on the Palm Jumeirah, the first to be opened, have skyrocketed in value after being sold and resold before even being built.
But the smaller islands of the third project - The World - haven't fared so well. Three years after their sales launch, just 45 per cent of the islets have been sold, for prices ranging between £5 million and £22.5 million, Nakheel said.
The luxurious islands are part of a government plan to attract tourists and lure foreign cash into the tax-free economy.
Dubai's government has identified tourism and real estate developments as key sectors to break the emirate's dependence on high oil prices to buttress its economy.
Other nations in the region, including Qatar and Oman, as well as the Emirates capital Abu Dhabi, are quickly borrowing from Dubai's model to develop similar, albeit less dramatic, plans.
The construction of the Palm Jumeirah has already created a national asset worth as much as £11.5 billion, said Nakheel chief executive Chris O'Donnell.
Despite its opulence and ambitions, few global celebrities have been lured to buy second homes in Dubai. British soccer stars, including David Beckham, have bought properties on the Palm Jumeirah, according to Nakheel's website.
Others are said to have taken a look. Nakheel's website claims pop star Michael Jackson, supermodel Naomi Campbell and actor Denzel Washington have shown interest.
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source:www.dailymail.co.uk,www.gizmag.com
