Palm+Islands,+Dubai

Dubai is one of the wealthiest areas in the world right now because they have about 15% of the world’s oil reserves, but their new plan is to appeal more to tourist by building architecture landmarks like there very unique designed buildings and there plans for there man made islands like the palm Jumeirah. If you ever travel to Dubai’s palm Jumeirah or just would like to know more about it here are some things you might want to know:

=**__Is this island the biggest man made island in the world?__**= The Palm Jumeirah is the only man made island of its size to ever even be considered. “When the Palm Jumeirah project was first announced in 2001, it seemed overly ambitious or even impossible, yet it is very much a reality, said Shaheen” (Bains). When they started breaking grounds or adding ground in this case, everyone was surprised that they were going to follow through with it. “The Palm Jumeirah is now the largest man-made island in the world and can be viewed from outer space” (Bains).

=**__Is Dubai going to build more islands?__**= Now that Dubai has made one island they plan to build one more, so they can have twice they amount of land space to attract tourism. “But the difficulty in finding space means that any new projects will either have to be far smaller or even more ambitious by being further out to sea” ( “Space will”). Now Dubai is going to start working on more in land projects. “Projects such as the Arabian Canal and the Creek extension were launched to create waterfront real estate away from the coast” (“Space will”).

=**__When was the island completed?__**= “When the Palm Jumeirah project was first announced in 2001, it seemed overly ambitious or even impossible, yet it is very much a reality, said Shaheen” (Bains). The Palm Jumeirah Island was started in 2001 shortly after it was announced. “In late 2006, people began moving in, and Nakheel says some 500 families now live on the island” (Bains). The Palm Jumeirah is now still adding more hotels like the Trump tower and also adding more shopping areas and amusement parks.

=__**Is Dubai having money problems?**__= Sense now Dubai’s main source of money is going to come from the island and their new real estate and the property is not selling very well they are having money problems. “Now it's embroiled in the global credit crisis, which has threatened the main source of its growth: construction and real estate” (Karabell). “All this means Abu Dhabi can well afford to support Dubai. Though no one has said so publicly, many believe that the ruler of Abu Dhabi promised to backstop Dubai's obligations for up to five years”( Karabell).

Work Cited
 * Bains, Elizabeth. "Brand Dubai loses its luster: under Sheikh Mohammed bin Rashid al-Maktoum, Dubai has eclipsed Abu Dhabi in terms of profile, but confidence has been dented by the credit crunch." MEED Middle East Economic Digest 52.48 (2008): 42+. Expanded Academic ASAP. Web. 9 Apr. 2010.


 * Karabell, Zachary. "Too Big to Fail." Newsweek International 15 Dec. 2008. Expanded Academic ASAP. Web. 13 Apr. 2010.


 * “Space will limit island projects: the demand for waterfront properties remains strong and for developers, the economics of islands still make sense." MEED Middle East Economic Digest 52.27 (2008): 6. Expanded Academic ASAP. Web. 19 Apr. 2010

Teaser Dubai is building some of the worlds most unique designs like their man made islands and their buildings and sky scrapers.