Palm Jebel Ali

Palm Jebel Ali (نخلة جبل علي) is an artificial archipelago in Dubai, United Arab Emirates which began construction in October 2002, was originally planned to be completed by mid-2008 and has been on hold since.[1] Creative Kingdom provided master planning services for the island and Leisure Quest International (USA) developed entertainment and attraction concepts. The project, which is 50 percent larger than Palm Jumeirah, is proposed to include six marinas, a water theme park, 'Sea Village', homes built on stilts above the water, and boardwalks that circle the "fronds" of the "palm" and spell out an Arabic poem by Sheikh Mohammed bin Rashid Al Maktoum.[1]

Satellite imagery of Palm Jebel Ali under construction in mid-2005
New developments in Dubai with Palm Jebel Ali in the lower left corner

The breakwater was completed in December 2006, and infrastructure work began in April 2007.[2] Major construction will not begin until most of the infrastructure work is complete.[2] Following the financial crisis of 2008 work has been suspended and the developers, Nakheel, have confirmed no work would take place on the development in the near future.

Nakheel invited several architects to design one of the buildings for the Palm on a 300,000 m2 area. The winning design was a building by Royal Haskoning, who also worked on several other projects in Dubai.[3] The residential villas to be built and sold by the developer were designed by Serendipity By Design LLC,[4] a firm based in Dubai, United Arab Emirates. The villa types were to be categorised by size and style; 40 series[5] (the largest), garden villas[6] and signature villas.[7]

In the first signs of a slowing Dubai property market, the prices of properties being sold on 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.[8] In March 2011 Nakheel offered refunds to property investors.

Palm Jebel Ali's developer planned to house more than 250,000 people on it.[9]

In the original schedule, by 2021, the first phase of four theme parks would have opened on the Crescent. These planned parks, which together will be called "World of Discovery," will be developed and operated by the Busch Entertainment Corporation. The parks include SeaWorld, Aquatica, Busch Gardens and Discovery Cove. The World of Discovery will be located at the top of the Crescent, which will form into the shape of an orca (reminiscent of Shamu).[10][11]

In November 2014, 74 owners on Palm Jebel Ali wrote to the Ruler of Dubai via the Ruler's Court regarding the stalled PJA project.[12]

On 16 March 2015, Nakheel Chairman Mr Ali Lootah confirmed that Nakheel remains committed to the project long term but asked "what can I do" for original investors. [13]

In October 2018, Sanjay Manchanda, CEO of Nakheel, confirmed that there are no immediate plans to restart development of the project. [14]

See also

References

  1. "The Palm Jebel Ali (Palm Islands, Dubai) - Property Development". The Emirates Network. 2007. Archived from the original on 2018-12-02. Retrieved 2007-02-11.
  2. "Dubai's Palm and World Islands - progress update". AMEInfo. 4 October 2007. Archived from the original on 11 October 2007. Retrieved 2007-10-28.
  3. "WAN:: Palm Jebel Ali by Royal Haskoning in Dubai, United Arab Emirates". Archived from the original on 5 October 2013. Retrieved 18 April 2016.
  4. "Architectural firm in Dubai Dublin Manila". serendipity.
  5. "Palm Jebel Ali, 40 series villa's". serendipity.
  6. "Palm Jebel Ali, Garden Villa's". serendipity.
  7. "Palm Jebel Ali, Signature Villa's". serendipity.
  8. "Property prices on Palm Jebel Ali fall by up to 40%". Arabian Business. Archived from the original on 26 August 2009. Retrieved 18 April 2016.
  9. Sarah Blackman. "Palm Jebel Ali enabling works to be awarded soon". Retrieved 18 April 2016.
  10. "Worlds Of Discovery Planned For Nakheel's The Palm Jebel Ali In Dubai". Anheuser-Busch. 2008-02-28. Retrieved 2008-03-01.
  11. "Nakheel to build four theme parks on Palm Jebel Ali". Gulf News. 2008-02-29. Archived from the original on 2008-03-18. Retrieved 2008-03-01.
  12. "74 Nakheel investors write to Dubai ruler over stalled Palm Jebel Ali". Arabian Business. Retrieved 18 April 2016.
  13. "Exclusive: Palm Jebel Ali Will Not Be Cancelled – Nakheel Chairman". Gulf Business. Retrieved 18 April 2016.
  14. "No immediate plans to restart Palm Jebel Ali in Dubai – Nakheel CEO". Gulf Business. Retrieved 4 February 2019.



This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.