A property developer has started building a huge resort complex on Palm Islands, a man-made archipelago off Dubai's coast as the emirate revives tourism and real estate projects suspended after its property market crash in 2008.
Dubai, the Gulf city that rose to fame with projects such as the world's tallest tower may have to rethink its 'bigger, bolder, brasher' model as the global crisis bites giving central stage back to Abu Dhabi.
In the space of a decade, Dub
Nakheel, a Dubai World company and one of the world’s largest real estate developers, plans to develop 13 million square feet of new retail space across five separate mega mall projects in Dubai.
The projects will make Nakheel's integrate