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Palm Deira
The Dubai Islands, formerly known as the Deira Islands ( ar, جزر ديرة) are four undeveloped artificial islands off the coast of Deira, Dubai, United Arab Emirates. The project was initially called Palm Deira and was planned to be part of the Palm Islands. As of 2021, little development has taken place on the islands due to the financial crisis of 2007–2008. History Palm Deira In 2004, Dubai developer Nakheel launched the Palm Deira project as an 11 billion dirham property development off the coast of Deira in Dubai that was due to contain up to 8,000 villas. Dutch dredging contractor Van Oord was recruited to start the project in 2005. By early October 2007, 20% of the initial palm island's reclamation was complete, with a total of of sand already used. Then in early April 2008, Nakheel announced that more than a quarter of the total area of the Palm Deira had been reclaimed. In the wake of the financial crisis of 2007–2008, Nakheel had put projects like the Palm J ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Palm Jumeirah
The Palm Jumeirah is an archipelago of artificial islands on the Persian Gulf in Jumeirah, Dubai, United Arab Emirates. It is part of a larger series of developments called the Palm Islands, including Palm Jebel Ali and Palm Deira, which, if completed, will together increase Dubai's shoreline by a total of . It has an estimated population of at least 10,000 as of 2017. The islands were created using land reclamation. The construction was done as a joint venture by two Dutch specialist companies, Van Oord and Boskalis. The same companies also created The World. The recently opened destinations The Pointe, Club Vista Mare and Nakheel Mall are the latest additions to Palm Jumeirah. Transportation The Palm Jumeirah Monorail, monorail connecting the Atlantis Hotel to the Gateway Towers at the foot of the island. The monorail connects The Palm Jumeirah Dubai to the mainland, with a planned further extension to the Red Line of the Dubai Metro. The line began operating on 30 April 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Palm Jebel Ali
Palm Jebel Ali () 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. 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. The 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. Following the financial crisis of 2008 work was suspended and the developers, Nakheel, have confirmed no work would take place on the development in the near future. Na ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Artificial Island
An artificial island is an island that has been constructed by people rather than formed by natural means. Artificial islands may vary in size from small islets reclaimed solely to support a single pillar of a building or structure to those that support entire communities and cities. Early artificial islands included floating structures in still waters or wooden or megalithic structures erected in shallow waters (e.g. crannógs and Nan Madol discussed below). In modern times artificial islands are usually formed by land reclamation, but some are formed by the incidental isolation of an existing piece of land during canal construction (e.g. Donauinsel, Ko Kret, and much of Door County, Wisconsin), or flooding of valleys resulting in the tops of former knolls getting isolated by water (e.g., Barro Colorado Island). One of the world's largest artificial islands, René-Levasseur Island, was formed by the flooding of two adjacent reservoirs. History Despite a popular image of mode ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deira, Dubai
Deira (In Arabic: ديرة) is a historically significant district within the city of Dubai, United Arab Emirates bordered by the Persian Gulf, Sharjah and Al Awir. It is located at the northern end of the Dubai Creek. History Deira is one of the oldest and most established areas of Dubai, its origins date back to the mid-1700s, it developed along the canal called Dubai Creek, this saltwater canal separates Deira from Bur Dubai. The canal enabled the area to develop in importance; it facilitated the sea trade, which is still operational today, thanks to the traditional dhow boats which still load and unload hundreds of tons of goods on the canal docks every day. In 1841, a smallpox epidemic broke out in the Bur Dubai district, forcing residents to relocate east to Deira. In 1896, a fire broke out alongside Dubai Creek, a disastrous occurrence in a town where many family homes were still constructed from ''barasti'' – palm fronds. The conflagration consumed half the houses of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Palm Islands
The Palm Islands are three artificial islands, Palm Jumeirah, Deira Island and Palm Jebel Ali, on the coast of Dubai, United Arab Emirates. The Palm Islands were conceived around the same time as The World, another artificial island project in Dubai. Nakheel is the real estate developer of these artificial islands. Creation of the islands started in 2001 ending in 2006 to 2007, which has had a significant impact on ocean sediments and wildlife in the area. Islands Palm Jumeirah () is the site of numerous private residences and hotels. From the air, the archipelago resembles a stylized palm tree within a circle. Construction began in 2001 and was largely financed from Dubai's income from petroleum. By 2009, 28 hotels were opened on the site. Palm Jebel Ali () is a similar archipelago with a larger palm tree, a larger crescent around it and space between the crescent and the tree to dredge island boardwalks that circle the "fronds" of the "palm" and spell out an Arabic poem by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nakheel
Nakheel Properties ( ar, نَـخٍـيْـل, nakhīl, palm tree) is a property developer based in Dubai, United Arab Emirates. The formal name of the company is Nakheel PJSC (private joint stock company) and it was a subsidiary of Dubai World and a private state-owned enterprise. Nakheel was seen as key to resolving Dubai's debt crisis in 2009–2010. The company has been reported to be the second-largest property developer in Dubai after Emaar Properties. Dubai’s Nakheel unveilrebrandingin September 2022 to reflect next phase of growth for the company. History The company was founded in 2003, and, as a subsidiary of state-owned Dubai World, prospered until the financial crisis of 2007–2010 started a decline in Dubai's real estate market, putting Dubai World at risk of bankruptcy in November 2009. After write-downs of real estate values and lower sales, Nakheel had made a loss of 13.4bn dirham ($3.65bn) in the first half of 2009, and, despite a May cash bail-out, sought t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The National (Abu Dhabi)
''The National'' is a private English-language daily newspaper published in Abu Dhabi, United Arab Emirates. The newspaper is owned by Sheikh Mansour bin Zayed Al Nahyan, the deputy prime minister of the United Arab Emirates and member of the royal family of Abu Dhabi. History and profile ''The National'' was first published on 17 April 2008 by Abu Dhabi Media. The government-owned media company ran the newspaper along with other publications, including ''Al-Ittihad'', '' Majid'', ''Zahrat Al Khaleej'' and ''National Geographic Al Arabiya'' (in partnership with ''National Geographic''). In 2016, ''The National'' was acquired by International Media Investments, a subsidiary of the Abu Dhabi Media Investment Corporation, a private investment company owned by Mansour bin Zayed Al Nahyan that is also part-owner of Sky News Arabia. Under new ownership, ''The National'' was relaunched in July 2017, a move marked by relocation to new headquarters and the opening of a foreign bureau in L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The World (archipelago)
The World Islands (Arabic: جزر العالم; ''Juzur al-Ālam'') are an archipelago of small artificial islands constructed in the shape of a world map, located in the waters of the Persian Gulf, off the coast of Dubai, United Arab Emirates. The World Islands are composed mainly of sand dredged from Dubai's shallow coastal waters, and are one of several artificial island developments in Dubai. The World's developer is Nakheel Properties, and the project was originally conceived by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai. The construction was done by two Dutch (joint venture) specialist companies, Van Oord and Boskalis. The same companies also created the Palm Jumeirah. Construction of the 300 islands began in 2003, before being halted due to the financial crisis of 2007–2008. Though 60% of the islands were sold to private contractors in 2008, development on most of the islands has not started. As of July 2012, Lebanon Island was developed and was the only i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gulf Business
__NOTOC__ ''Gulf Business'' is a weekly magazine published from Dubai, United Arab Emirates, and focusing on Middle East business news, especially in GCC countries. It was launched in 1996. It is published in Motivate Media Group. The magazine has reported on a rival magazine, '' Arabian Business''. It has also reported on the Dubai, Sharjah, Ajman Ajman ( ar, عجمان, '; Gulf Arabic: عيمان ʿymān) is the capital of the emirate of Ajman in the United Arab Emirates. It is the fifth-largest city in UAE after Dubai, Abu Dhabi, Sharjah and Al Ain. Located along the Persian Gulf, i ... (DSA) conurbation of emirates. The magazine is quoted in books. The magazine uses social media, including Twitter (as "GulfBusiness") since 2009. Gulf Business Awards The magazine organizes the annual Gulf Business Awards. See also * '' Arabian Business'' References External linksOfficial website {{DEFAULTSORT:Gulf Business 1996 establishments in the United Arab Emirates Magazi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tourism In Dubai
Dubai is one of the world's leading tourism destinations and tourism in Dubai is a major source of revenue. The city hosted 14.9 million overnight visitors in 2016. In 2018, Dubai was the fourth most-visited city in the world based on the number of international visitors. History The discovery of oil in 1966 kick-started the development of present Dubai, however Sheikh Rashid bin Saeed Al Maktoum (ruler from 1958 till 1990) realised one day Dubai would run out of oil and started building an economy that would outlast it. A quote commonly attributed to Sheikh Rashid reflected his concern that Dubai's oil, which was discovered in 1966 and which began production in 1969, would run out within a few generations. Sheikh Rashid stated "My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel". Sheikh Rashid realized early he needed to diversify the emirate of Dubai's economy by bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Developments In Dubai
The Dubai government's decision to diversify from a trade-based, oil-reliant economy to one that is service and tourism-oriented has made real estate and other developments more valuable, resulting in a property boom from 2004 to 2006. Construction on a large scale has turned Dubai into one of the fastest-growing cities in the world. There are a number of large-scale projects which are currently under construction or will be constructed in the future. Due to the heavy construction which is taking place in Dubai, 30,000 construction cranes, which are 25% of cranes worldwide, are operating in Dubai. Due to the burst of construction, Dubai has acquired various building-related records, which include: the world's tallest tower ( Burj Khalifa), the world's largest shopping mall (Dubai Mall), the world's largest fountain (The Dubai Fountain) and the world's tallest hotel (Gevora Hotel). Also under construction is Dubailand, which will be almost twice the size of the Walt Disney World Res ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
