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Waterfront City, Dubai
The Dubai Waterfront (now known as ''Waterfront'') was expected to become the largest waterfront and largest man-made development in the world. The project is a conglomeration of canals and artificial archipelago; it would occupy the last remaining Persian Gulf coastline of Dubai, the most populous emirate of the United Arab Emirates. It was planned to consist of a series of zones with mixed use including commercial, residential, resort, and amenity areas. The vision of the project is "to create a world-class destination for residents, visitors and businesses in the world's fastest growing city". Run by the Dubai Waterfront Company, the project is open to foreign investment with its real estate developer, Nakheel, owning a 51% stake. Waterfront was being developed by Nakheel, one of the world's largest real estate developers. There is, however, a major issue with erosion. The artificial islands would be formed to resemble the most widely recognized symbol of Islam, the star ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al Maktoum International Airport
Al Maktoum International Airport , also known as Dubai World Central, is an international airport in Jebel Ali, southwest of Dubai, United Arab Emirates that opened on 27 June 2010. It is the main part of Dubai South, a planned residential, commercial and logistics complex. When fully completed (originally expected 2027), the airport will contain transport modes, logistics, and value-added services, including manufacturing and assembly, in a single free economic zone. It will cover an area of . The airport has a projected annual capacity of of freight and between 160 million and 260 million passengers. , only a handful of airlines operated passenger services out of Al Maktoum International Airport with a focus on freight activity. A completion of the project is yet to be confirmed. History Construction The runway was completed in 600 days and subsequently underwent tests over the following six to eight months in order to fulfil its CAT III-C requirements. Con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nakheel Properties
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] |
Arabian Canal
The Arabian Canal is a proposed mega-infrastructure project located in the United Arab Emirates that aims to create a man-made waterway connecting the Persian Gulf to the Arabian Sea. Location The Arabian Canal is planned to be situated in the eastern region of the UAE, spanning across the emirates of Abu Dhabi, Dubai, and Sharjah. It would traverse the desert landscape, cutting through the Hajar Mountains and connecting the Persian Gulf near the Saudi Arabian border to the Arabian Sea. Purpose and Objectives Trade and Transportation The canal would serve as a strategic trade route, providing a shortcut for vessels traveling between the Persian Gulf and the Arabian Sea. By reducing shipping distances and time, it aims to enhance the UAE's position as a global trade and logistics hub. Economic Growth The project is expected to stimulate economic growth by attracting investments, creating job opportunities, and promoting commercial activities in the areas surrounding the canal. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Universe (Dubai)
The Universe was a planned artificial archipelago in the shape of the Milky Way and Solar System, to be built on the coast of Dubai, United Arab Emirates. The Universe was to be located between the Palm Jumeirah, The World, Jumeirah, and the Palm Deira. The project plan was put on hold indefinitely in 2009. History The project was announced in January 2008 by the developer Nakheel, which also built the Palm Islands and The World archipelago. It was stated to be completed sometime between 2023 and 2028, but as of 2009, the project has been placed on hold. The dredging companies Van Oord and Jan de Nul planned to create up to 3,000 hectares of land. The project was in the planning stages, but was placed on hold indefinitely in 2009. In 2009, Nakheel's website listed The Universe as a "future project". However, as of 11 April 2015 it has been removed. See also *Tourism in Dubai Dubai is one of the world's leading tourism destinations and tourism in Dubai is a major source ... [...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] |
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] |
Dubai Marina
Dubai Marina ( ar, مرسى دبي), aka Marsa Dubai, is a district in Dubai, United Arab Emirates. It is an artificial canal city, built along a stretch of Persian Gulf shoreline. As of 2018, it has a population of 55,052. When the entire development is complete, it will accommodate more than 120,000 people in residential towers and villas. It is located on Interchange 5 between Jebel Ali Port and the area which hosts Dubai Internet City, Dubai Media City, and the American University in Dubai. The first phase of this project has been completed. Dubai Marina was inspired by the Concord Pacific Place development along False Creek in Vancouver, BC, Canada. There have been many instances of marine wildlife (especially whales and sharks) entering the marina, because of its proximity to the open sea. Development In order to create the man-made marina, the developers brought the waters of the Persian Gulf into the site of Dubai marina, creating a new waterfront. There is a large centr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai World
Dubai World ( ar, دبي العالمية) is an investment company that manages and supervises a portfolio of businesses and projects for the Government of Dubai across a wide range of industry segments and projects that promote Dubai as a hub for commerce and trading. As a subsidiary of Dubai Inc., it is the emirate's flag bearer in global investments and has a central role in the direction of Dubai's economy. Assets include DP World, which caused considerable controversy when trying to take over six US ports, its property arm, Nakheel, which built The Palm Islands and The World developments, and Istithmar World, its investment company. It is chaired by Ahmed bin Saeed Al Maktoum. History Dubai World was established under a decree ratified on 2 March 2006 by Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai. He is also the majority stakeholder in Dubai World. On 2 July 2006, it was launched as a holding company with more than 50,000 employees in over 100 cities around th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Arab Emirates Dirham
The dirham (; ar, درهم إماراتي, abbreviation: د.إ in Arabic, Dh (singular) and Dhs (plural) or DH in Latin; ISO code: AED) is the official currency of the United Arab Emirates. The dirham is subdivided into 100 . History The name ''dirham'' is a loan from greek δραχμή (drakhmé). Due to centuries of trade and usage of the currency, ''dirham'' survived through the Ottoman Empire. Before 1966, all the emirates that now form the UAE used the Gulf rupee, which was pegged at parity to the Indian rupee. On 6 June 1966, India decided to devalue the Gulf rupee against the Indian rupee. Not accepting the devaluation, several of the states still using the Gulf rupee adopted their own or other currencies. All the Trucial States except Abu Dhabi adopted the Qatar and Dubai riyal, which was equal to the Gulf rupee prior to the devaluation. These emirates briefly adopted the Saudi riyal during the transition from the Gulf rupee to the Qatar and Dubai riyal. Abu Dhabi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperation Council For The Arab States Of The Gulf
The Cooperation Council for the Arab States of the Gulf ( ar, مجلس التعاون لدول العربية الخليج ), also known as the Gulf Cooperation Council (GCC; ar, مجلس التعاون الخليجي), is a regional, intergovernmental, political, and economic union comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The council's main headquarters is located in Riyadh, the capital of Saudi Arabia. The Charter of the GCC was signed on 25 May 1981, formally establishing the institution. All current member states are monarchies, including three constitutional monarchies (Qatar, Kuwait, and Bahrain), two absolute monarchies (Saudi Arabia and Oman), and one federal monarchy (the United Arab Emirates, which is composed of seven member states, each of which is an absolute monarchy with its own emir). There have been discussions regarding the future membership of Jordan, Morocco, and Yemen. During the Arab Spring in 2011, Saudi Arab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
