Friday, July 26, 2013

Palm Jumeirah: Lap of luxury



The Palm Jumeirah is a non-natural archipelago that was formed using land reclamation by Nakheel, a company owned by the Dubai government in United Arab Emirates. It was created to resemble the esteemed date tree. It consists of the main trunk with a crown encompassing 17 fronds. The adjacent crescent island forms a modern 11km long breakwater. A 300-meter bridge connects the crown to the mainland and a sub-sea tunnel connects the crescent to the top of the palm. It is big enough to be seen from outer space, and with a shape that could not be mistaken for any other, Palm Jumeirah is an unfeigned landmark from earth and outer space. It is the only original island and the smallest of three Palm Islands. It is situated on the Jumeirah coastal area of the emirate of Dubai. It is regarded as the grandest and the most recognizable project of today.

According to Nakheel, this mesmerising place has sold two hotel plots on Palm Jumeirah's crescent for a combined value of almost AED700m ($190.5m). The ground to the west of Atlantis was sold to a GCC investor for a whopping AED556m, whereas an Emirati investor acquired the ground on the eastern crescent for AED139m. A multitude of celebrities have their homes here, clearly being a testament to the lavish lifestyle it offers to its residents and visitors. The company is on the quest to enhance and perk up the facilities and is presently putting up a number of luxury resorts, hotels and residences. After all, Palm Jumeirah is amongst the most sought-after areas in Dubai, and is unsurpassed when it comes to location!

2 comments:

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