Palm Jumeirah is government property and its developer is state-owned Nakheel Properties.
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The developer of Palm Jumeirah was Nakheel, a real estate company now owned by the government of Dubai. The master plan was drawn up by Helman Hurley Charvat Peacock, an American architectural firm.
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.
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.
The Palm Jumeirah has buried and asphyxiated wildlife, increased turbidity, and changed the alongshore sediment transport. It has also created habitat along its rocky breakwater and within its lagoons.
There are three islands in total that make up Dubai Palm Islands - Palm Jumeirah, Palm Jebel Ali and Palm Deira, however the only island open to visitors is Palm Jumeirah.
The islets were made mostly from sand dredged from the floor of the Persian Gulf, but the side of the crescent that is exposed to the open sea was shored up with stones and boulders from the mainland. Work started in 2001, and land and basic infrastructure were in place by 2004.
An $82 million Palm Jumeirah villa is now the most expensive home ever sold in Dubai. The villa is still under construction, but it's supposed to have 18 bathrooms and a 15-car garage. The previous record was set in early April by the sale of a $76.2 million villa, also in Palm Jumeirah.
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.
Living on Palm Jumeirah is both expensive and prestigious. While there are drawbacks related to transportation accessibility, these are offset by the tranquility, seclusion, luxurious accommodations for villa residents, stunning sea views, and ample shopping and entertainment options for apartment residents.
Known as the best beach in the Palm Jumeirah , the Palm West Beach is a beachfront leisure destination and An ideal place to spend a lazy afternoon - swim, eat, sip and relax.