Property investment in Dubai started in a big way in the 1980's when oil revenue was invested by wise sheikhs of Dubai, mainly into hotel investments. Many property developers in Dubai have used a combination of UAE investments and foreign investments to construct architecturally innovative and ambitious buildings which have captured the imagination of foreign investors into the Dubai property market. Oceaneering on a huge scale went into the development of man made artificial islands, the Dubai Palm Jumeirah, marina / residential development, 26 kilometers south of Dubai airport and 4km south of the Burj Al Arab Hotel, Jumeirah Beach. A few hotels such as the Trump hotel are planned however property investors will be pleased to know that most of the residential apartments have been completed and are now on sale to expats in Dubai or foreign investor application for approval.
Marketing the Dubai Palm Jumeirah marina / residential development and second Dubai Palm Jebel Ali was so successful that a third property development plan even bigger than the Palm Jumeirah, and Palm Jebel started construction of Palm Deira 7km north of Dubai 2004
Palm Jebel Ali is nearing completion 19km south of the Palm Jumeirah. Dubai Palm Jebel Ali is an entertainment precinct with 6 boating marinas and a theme park.
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