How much did it cost to build Atlantis The Palm?

Atlantis was developed as a joint venture between Kerzner International Holdings Ltd. and Istithmar, and officially opened in September 2008. The construction cost was reported to be US$1.5 bn.

How many years did it take to build the Palm Jumeirah?

six years
It took just six years to build The $12 billion project began in 2001 and six years later, the island’s first residents moved in. Today, the 17 fronds are home to around 1,500 beachfront mansions, with a further 6,000 apartments on the trunk.

Is Palm Jumeirah profitable?

38 billion. Dubai: The UAE’s Nakheel generated a net profit of Dh4. 38 billion for 2018, a decline of 22 per cent from the previous year’s Dh5.

How much did it cost to build the Palm Jumeirah?

When it comes to the Palm Jumeirah facts and figures, one of the most impressive details is the cost of the project construction. The awe-inspiring creation of Palm Jumeirah cost $12 billion during its development.

How big is the tunnel in the Palm Jumeirah?

It transports over 20,000 passengers per day. Besides this, there is also the Palm Jumeirah tunnel – an underground 6-lane bridge that connects the trunk of The Palm with the crescent. It is said that the sand and rock used in the Palm Jumeirah development can form a 2m wall that can circle the earth three times.

How is the Jumeirah Palm Island a mega project?

More specifically, mega- projects involve the creation of structures, equipment, prepared development sites etc. 4|Page fProject description The Jumeirah Palm Island is an artificial island located in Dubai, United Arab Emirates, created through the process of land reclamation.

When was Palm Jumeirah island built in Dubai?

Construction of the Palm Jumeirah island began in June 2001 and the developers announced handover of the first residential units in 2006. At this time, 75% of the properties were ready to hand over, with 500 families already residing on the island.