Dubai’s Palm Cost $12 Billion To Build

Summary

Palm Jumeirah, the world's largest man-made island in Dubai, was built with an investment of $12 billion and boasts over 30 billion dollars worth of luxury properties. Designed in the shape of a palm tree, the island offers exclusive hotels, villas, and apartments, attracting millions of tourists. Constructed using real sand, rocks, and trees, its development aimed to preserve the local ecosystem. With high-end attractions, including the famous Atlantis Resort, and luxury real estate prices reaching up to $58 million, Palm Jumeirah is a symbol of extravagance. Dubai plans to expand the concept with additional islands, though future projects face uncertainty.

Takeaways

• 😀 Palm Jumeirah is the world's largest man-made island, valued at over $30 billion, and attracts millions of tourists annually.
• 😀 The island's design was crafted by the US architectural firm HHCP, known for their work on famous theme parks.
• 😀 Construction of Palm Jumeirah involved over 100 studies and used 94 million cubic meters of sand, 7 million tons of rocks, and 12,000 trees.
• 😀 The island's unique shape consists of a trunk, crescent, and 16 fronds, spanning 5 kilometers in length and covering 560 hectares.
• 😀 It took only six years to complete the island, with over 75% of properties being sold during construction by 2007.
• 😀 Palm Jumeirah hosts 32 luxury hotels, with a capacity for over 25,000 guests and 60,000 residents in villas and apartments.
• 😀 The most famous hotel on the island is the $1.5 billion Atlantis resort, including its iconic royal bridge suite, priced at $25,000 per night.
• 😀 Renting a modest apartment on Palm Jumeirah can cost around $109,000 per year, with luxury units reaching $15.8 million.
• 😀 The island offers attractions like a long boardwalk, the Golden Mile Galleria shopping mall, and the Point with a grand water fountain.
• 😀 Celebrity tourism is prevalent on the island, with stars like David Beckham, the Kardashians, and Shahrukh Khan owning properties or visiting.
• 😀 Palm Jumeirah was part of a larger project involving two additional islands, though their development is uncertain due to financial issues.

Q & A

What is Palm Jumeirah, and where is it located?

Palm Jumeirah is the world's largest man-made island, located in Dubai, UAE. It features luxury hotels, seaside apartments, and beachfront villas, attracting millions of tourists annually.

What was the cost of developing Palm Jumeirah?

The development and creation of Palm Jumeirah cost approximately 12 billion dollars.

How was Palm Jumeirah constructed?

Palm Jumeirah was constructed using real sand, rocks, and trees. A total of 94 million cubic meters of sand and seven million tons of rocks from the Hajjar Mountains were used. Vibral compaction was applied to make the soil denser.

What are the key architectural features of Palm Jumeirah?

Palm Jumeirah is made up of a trunk, crescent, and 16 fronds, shaped like a palm tree. It covers 560 hectares of land and is accessible via a 1.4-kilometer bridge, a monorail, or an underground tunnel.

Who designed the architectural layout of Palm Jumeirah?

The architectural design of Palm Jumeirah was created by Hellman Hurley Sharbat Peacock (HHCP), a U.S. firm known for designing theme parks like Sea World and Universal Studios.

What were some innovative techniques used in the construction of Palm Jumeirah?

Innovative techniques included placing a GPS satellite to ensure accuracy of the palm shape, constructing breakwaters to protect the island from storms, and using no steel or concrete during construction.

How many luxury hotels and residents are on Palm Jumeirah?

By 2011, Palm Jumeirah featured 32 luxury hotels, accommodating over 25,000 guests. There were also about 60,000 residents living in villas and apartments.

What is the most expensive accommodation on Palm Jumeirah?

The most expensive accommodation on Palm Jumeirah is the Royal Bridge Suite at Atlantis, which costs 25,000 dollars per night.

What other amenities are available for visitors on Palm Jumeirah?

Palm Jumeirah offers a variety of attractions including a shopping mall called the Golden Mile Galleria, luxury dining, the Point by Nikhil shopping mall with a large fountain, and beautiful mosques like the Abdul Rahman Sadiq Mosque.

What future projects are planned for Palm Jumeirah?

Dubai initially planned to develop two more islands, Palm Jebel Ali and Palm Deira, but these projects have faced delays and budget constraints. Palm Deira is being rebranded as Deira Islands, and Palm Jebel Ali may never be completed.