The Revival of Palm Jebel Ali Dubai’s Next Hospitality Boom
The projects such as Palm Jebel Ali and Dubai Islands are back to the limelight to boost Dubai’s image in global market. Post 2009 crash on oil market, few structures were in construction phase off what is now the series of developments to change skyline of Dubai, its coast line and hospitality profile to write next chapter of ambitious growth narrative of Dubai.
The Palm Jebel Ali Project
Located next to the official international site for Nakheel, the Palm Jebel Ali, twice the size of Palm Jumeirah, will boast over 80 hotels and resorts for the setting of a new luxury tourism and residential development. This mega plan which has been endorsed by His Highness Sheikh Mohammed bin Rashid Al Maktoum seeks to extend Dubai’s shoreline by 110kilometres and allow a vast stretch of beach properties as well as numerous leisure amenities.
Key Features and Attractions
The new masterplan employs diverse facilities meant to construct with a view of satisfying the needs of its people and tourists. This is a yacht club, wellness resort and a large integrated lifestyle mall among other features. Further, the project has stated that there would be huge areas of greens and environment friendly structures to reflect the green policy of Dubai.
Economic Impact
That is why the regeneration of Palm Jebel Ali is one of the more extensive trends for the property market in Dubai. After experiencing a decline in its seven-year, the market has boosted the population and investment gets demand for the property or housing and increases the price of real estate and luxury apartments. It has also set the trend to the extent that Dubai has become the preferred city for people of high net worth than even London and New York in terms of the sale of luxury homes.
In accordance with guidelines of the Dubai 2040 Urban Master Plan, the Palm Jebel Ali project is not solely an exclusive development but a sustainable and vibrant city. It is estimated that the development will be able to house about 35,000 families that will add to the image of Dubai as one of the Best place to live, work, and invest.
While continuing construction Palm Jebel Ali as well as the neighboring resort, Dubai Islands will remain in the focus of appreciating tourists and investing individuals throughout the world in the sphere of tourism and real estate.