Dubai revives Palm Island project after 14 years on hold

Palm Jebel Ali’s new master plan includes 80 hotels, luxury mansions and apartments, and an additional 110 kilometers of coastline. The new life of the project begins against the backdrop of a revival in the emirate’s real estate market. Demand for luxury properties starting at $10 million has soared, helping move Dubai closer to London and New York.

Hundreds of investors who bought homes on the Palm Jebel Ali and were then left in limbo by the fallout from the 2008 financial crisis are hoping their properties will finally be built.

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