The Palm Islands, also referred to as The Palm Dubai and The Palms, are the world's two largest man-made islands, which are being built on the coast of the emirate of Dubai, in the United Arab Emirates (UAE). The project is being handled by Al Nakheel Properties (Nakheel Corporation), which will increase Dubai's shoreline by 120km (72 miles) and create a large number of residential, leisure, and entertainment areas. The idea was first announced in May 2002 and the two manmade freehold artificial palm tree-shaped resort islands are expected to maintain Dubai's position as a premium tourist destination. The Palm Islands has also be named 8th'The Eighth Wonder of the World'
The project took four years of methodical planning and exhaustive feasibility studies in Dubai, ensuring that the islands would not disrupting the environment. The first stage of the development of The Palm Islands, includes the construction of the land foundations, which involves sand transfer and rock placement. Following this, the next stage will involve the building of infrastructure and services, as well as the 300 meter (990 feet) bridges linking the islands to the mainland. The final stage consists of the construction of homes, townhouses, and apartments.
The Palm, Jumeirah - Dubai
The Jumeirah Palm island is primarily a retreat and residential area for living, relaxation, and leisure. It will contain themed boutique hotels, three types of villas (Signature Villas, Garden Homes, and Town Homes), and shoreline apartments. Construction began on this island in June 2001 and is expected to be completed by late 2005, early 2006.
The Palm, Jebel Ali - Dubai
The Palm Jebel Ali is more of an entertainment destination for both adults and children, which caters to both residents and tourists. The island will also be 50% larger than The Palm Jumeirah, and will include six marinas, a 'Sea Village', a water theme park and water homes built on stilts between the fronds and the crescent. Construction began on this island in October 2002 and is expected to be completed by the end of 2007.
Owning Property on The Palm, Dubai
The sale of The Palm Island properties (villas and apartments) are done on freehold basis, which entitles nationals and expats the right to sell, lease or rent their property at their own discretion. The free-hold property is tax-free, secure, and has sunshine the whole year round. Real estate owners and their immediate family, can obtain renewable Dubai residence visas, which can cost Dhs. 5,000 per person. Some of the properties available for sale on the Palm Jumeirah are the Palm Jumeirah Residence, Palm Terrace, and Atlantis, The Palm