Due to its unique shape, Palm Island took extensive, careful planning, specialized tools, and specific materials to build. Because of this, the project cost approximately $12 billion to complete.
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Mukesh Ambani, owner of Reliance Industries is in the spotlight again. This time, he has purchased a property in Dubai – the Palm Jumeirah manor for a whopping Rs 1,353 crores. The mansion was bought from the family of Kuwaiti tycoon Mohammed Alshaya.
Mukesh Ambani bought the Palm Jumeirah mansion last week for about $163 million from the family of Kuwaiti tycoon Mohammed Alshaya, said the people, asking not to be named as they're not authorized to speak publicly.
Atlantis Resorts, a subsidiary of Kerzner International, is a resort company that was created to operate the Atlantis resorts in Nassau (Bahamas), Dubai (United Arab Emirates), and Sanya (China). Kerzner operates three resorts that include Atlantis The Palm, Dubai; Atlantis Sanya, China; and Atlantis The Royal, Dubai.
Built from reclaimed land in a series of artificial archipelagos, Palm Jumeirah is shaped like a palm tree when viewed from above. The unique island is home to some of Dubai's top luxury resorts, including Atlantis, The Palm, FIVE Palm Jumeirah Hotel, Jumeirah Zabeel Saray, One&Only The Palm and many more.
Most of the “fronds” on Palm Jumeirah are for private residences – the main public areas are the “trunk”, which houses parks, malls, shops, hotels and restaurants, and the outer crescent, which features luxury resorts and hotels.
It's a luxurious area with high-end amenities and a wide range of housing options. Renting an apartment in Palm Jumeirah can cost anywhere from AED 70,000 to AED 200,000 per year. Utilities, such as electricity and water, are also more expensive in this area.