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Dubai's GDP as of 2008 was US$ 82.11 billion.

Revenues from oil and natural gas currently account for less than 6%
of the emirate's revenues.

Diversified from oil-reliant economy to one that is service and

tourism-oriented resulting in property appreciation from 2004.

Construction of some of the tallest skyscrapers and largest projects in

the world.

Dubai is expected to accommodate over 15 million tourists by 2015.

 ey features of the 2010 budget are the completion of the
Emirate¶s infrastructure projects, fostering advancements in public
and social services, and improving overall security measures.


he estimated spending on the economic sector, infrastructure and

transportation is AED17.45 billion;


he estimated allocation of government investment expenditure is

AED10.7 billion for the development of infrastructure projects in
accordance with set plans.


he Dubai government¶s continued commitment to infrastructure

both in terms of completing existing projects and developing new
ones is a light at the end of the gloomy economic tunnel.
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ÄConstruction on the palm islands began in 2001.

Divers surveyed the seabed and workers constructed a crescent-shaped breakwater

from blasted mountain rock.


he Crescent of Palm Jumeirah stands a little more than 13 feet above low tide sea
level and sits in 34 feet of water at its deepest point.

Sand, covered by an erosion-preventing water-permeable geo-textile, makes up the

breakwater's lowest layer.

ne-ton rocks cover the sand, and two layers of large rocks weighing up to six tons
each cap the structure.

A "toe" placed by a floating crane sits inside the Crescent.


he breakwater also has two 328-foot openings on each side to eliminate
stagnation in the 16 narrow, deep channels.


hese gaps allow water to completely circulate every 13 days


he Palm Jumeirah consists of a tree trunk, a crown with 17 fronds, and a
surrounding crescent island that forms an 11 kilometer-long breakwater.
he
island itself is 5 kilometers by 5 kilometers. It will add 78 kilometers to the
Dubai coastline.
he first phase of development on the Palm Jumeirah will create
4,000 residences with a combination of villas and apartments .
otal cost reached
US$12.3 billion

Residents began moving into their Palm Jumeirah properties at the end of 2006.

his signaled the end of phase one of construction, which includes
approximately 1,400 villas on 11 of the fronds of the island and roughly 2,500
shoreline apartments in 20 buildings on the east side of the trunk.


he first phase Atlantis,
he Palm Resort, is scheduled to be completed by

December 2008. Atlantis,
he Palm opened on 24 September, 2008.

Construction has also begun on the Palm Jumeirah Monorail, which will take
three years to complete and will serve as a transit system between the Gateway
Station at the trunk of
he Palm Jumeirah and the Atlantis Station on the
crescent.
he Monorail opened May 6 2009.
Ä
he Palm Jebel Ali Umar began construction in ctober 2002 and was expected to be
completed in mid 2008.

nce it has been completed, it will be encircled by Dubai Waterfront.
he project, which is
50 percent larger than the Palm Jumeirah, will include six marinas, a water theme park, 'Sea
Village', homes built on stilts, and boardwalks that circle the "fronds" of the "palm" and
spell out an Arabic poem by Sheikh Mohammed bin Rashid Al Maktoum.

As of early ctober 2007, construction of the island was on schedule.
he breakwater was
completed in December 2006, and infrastructure work began in April 2007. Major
construction will not begin until most of the infrastructure work is complete.

In the first signs of a slowing Dubai property market, the prices of properties being sold on
the Palm Jebel Ali were reported to have fallen by 40% in the two months to November
2008, with the fall being attributed to the Financial crisis of 2007±-2010.

In 2012, the first phase of four theme parks will open on the Crescent.
hese parks, which
together will be called "World of Discovery," will be developed and operated by the Busch
Entertainment Corporation.
he parks include SeaWorld, Aquatica, Busch Gardens and
Discovery Cove.
he World of Discovery will be located at the top of the Crescent, which
will form into the shape of an orca (reminiscent of Shamu)
ÄIt was announced for development in ctober 2004.
he Palm Deira was launched
in 2004 at an estimated cost of US $3 billion.


he first announced design was 8 times larger than the Palm Jumeirah, and 5
times larger than the Palm Jebel Ali, and was intended to house one million people.
riginally, the design called for a 14 km (8.7 mile) by 8.5 km (5.3 mile) island with
41 fronds. Due to a substantial change in depth in the Persian Gulf the farther out
the island goes, the island was redesigned in May 2007.
he project then became a
12.5 km (7.76 mile) by 7.5 km (4.66 mile) island with 18 larger fronds. It will be
located alongside Deira.

By early ctober 2007, 20% of the island's reclamation was complete, with a total
of 200 million cubic metres (7 billion cubic feet) of sand already used.
hen in
early April 2008, Nakheel announced that more than a quarter of the total area of
the Palm Deira had been reclaimed.


he Palm Deira was announced for development in ctober 2004. No timetable
for completion has been announced.

By early April 2008, 80% of Deira Island Front's reclamation was complete.
Although the development company, Nakheel, took steps to minimize
the environmental effects of construction by transporting fish and
marine animals outside of the palms' breakwaters, the islands have still
harmed the area's marine environment. Rocks and sand buried oyster
beds and coral reefs and altered currents eroded the mainland shore.
Although five workers were swept away¬ by a wave and one
drowned, the designers at Nakheel believe the breakwater will protect
the palm island from average gulf weather and even an enormous
storm.
hey even suggest that villas barely 10 feet above sea level will
be safe from the rising seas of global warming.

he palm islands themselves are constructed from sand dredged from
the sea floor. Palm Jumeirah is made from 3,257,212,970.389 cubic
feet of ocean sand vibro-compacted into place [source:
he Palm
Jumeirah].

o get the complex shape just right, designers and contractors use
Differential Global Positioning Systems (DGPS) to plot the palm and
ensure the sand placement within 0.39 of an inch.
ÄKa eel is a real estate e el er i ai a creat r f se eral
la recla ati r jects, i cl i t e al Isla s, t e ai
aterfr t, T e rl a T e i erse Isla s.

 Its resi e tial r jects i cl e T e ar e s, I ter ati al it ,

J eira Isla s a J eira La e T ers.

Its s i r jects i cl e t e T e ra art ( t

I ter ati al it ) a I att ta all. Its ai c etit r i
resi e tial e el e ti ai is aar r erties.
ÄNakheel's flagship properties are the three man-made palm tree shaped
islands on the coast of Dubai.

Nakheel operates under the umbrella of Dubai World, which manages

various businesses on behalf of the Dubai government.
he executive
chairman of Al Nakheel is Sultan Ahmed bin Sulayem.

Nakheel's portfolio of real estate include the Palm Islands (Palm

Jumeirah, Palm Jebel Ali, Palm Deira),
he World Islands,
he
Universe Islands, Dubai Waterfront,
he Gardens, Jumeirah ake

owers, Discovery Gardens, ost City, Jumeirah Islands, Jumeirah
Heights (a residential complex within Jumeirah Islands, Jumeirah
Village, Jumeirah Park, Al Furjan, International City, Jewel of the
Palm,
he Golden Mile (which is in the trunk of the Palm Jumeirah),
Nakheel International Hotel and
ower, another project on the trunk of
the Palm Jumeirah, and Ibn Battuta Mall
n November 25, 2009, the Dubai government announced that
Dubai World intended to "ask all providers of financing to Dubai
World and Nakheel to 'standstill' and extend maturities until at least
30 May 2010".

n December 14, 2009, the Dubai government received $10 billion
in surprise aid from Abu Dhabi for debt-laden Dubai World, which
said it would use $4.1 billion of it to repay its Nakheel unit's Islamic
bond maturing on the same day.