The Palm Jumeirah is actually not entirely empty. It's the most developed of the three Palm Islands in Dubai and features luxury hotels, resorts, residences, and beaches. However, the other two islands, Palm Jebel Ali and Palm Deira, are much less developed.
There are a few reasons for this:
Financial Crisis: The 2007-2008 financial crisis significantly impacted Dubai's real estate market, leading to a decline in demand for luxury properties and stalling construction on many projects, including Palm Jebel Ali and Deira.
Feasibility: Building and maintaining artificial islands is a complex and expensive endeavor. Some argue that the long-term viability of these projects wasn't fully considered.
Here's a quick breakdown of the three Palm Islands:
Palm Jumeirah: The most complete and successful island, with a thriving luxury community.
Palm Jebel Ali: Construction halted in 2011 due to the financial crisis. The island is currently mostly undeveloped.
Palm Deira: Development has barely begun due to financial reasons.
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30 сен 2024
