Made up of the world’s three largest manmade islands, the Dubai tourist attraction – also known as the eighth wonder of the world – is a sight to behold. Flying over Dubai, the design of the islands is clearly visible and charming. The idea of a manmade artificial palm tree shaped island was first announced in 2002. The project was being carried out by Nakheel Properties (Nakheel Corporation) and it was believed that the project would increase the shoreline by 120km.
Built on water, the island was constructed in four stages. The first stage included the construction of the land foundations which involved sand transfer and rock placement. The second phase included the building of infrastructure and services, such as bridges linking the island to the mainland. The final phase was the building of homes, town houses and apartments.
The three islands include The Palms Jumeirah, Jebel Ali and Deira. The Jumeirah is basically residential while Jebel Ali is dedicated to entertainment and tourism catering for both locals and foreigners. The construction of Deira was announced in October 2015 by the crown prince of Dubai, Sheikh Mohammed bin Rashid Al Maktoum. It is also residential like Jumeirah.
Sales of The Palm Island property are done on freehold basis, and this entitles nationals and foreigners the right to sell, lease or rent their property at their own discretion. The free-hold property is tax-free and secure. However, islands are sold by invitation only and are sometimes named after the nationality of the owners. Buying or leasing a residential apartment could cost about £934,000 while a three bedroom house can go for £3,268,000.