Palm Jumeirah: from construction to world-class destination in 21 years


Katy Gillett
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There was a time when people might have scoffed at the idea of creating an island in the shape of a palm tree. Now, bird's-eye views of Palm Jumeirah are commonplace in media across the world, and no one's laughing at the success this development has achieved.

In June 2001, developer Nakheel began construction using the master plan drawn up by American architectural firm Helman Hurley Charvat Peacock.

It took about six years to complete the world's largest man-made island, which altogether spans 5.72 square kilometres, equal to 600 football pitches.

Atlantis, The Palm was the first hotel to open at Palm Jumeirah, in 2008, and the monorail opened the following year. AFP
Atlantis, The Palm was the first hotel to open at Palm Jumeirah, in 2008, and the monorail opened the following year. AFP

The island's first residents began moving in from 2007 and by the end of the year about 500 families called Palm Jumeirah home. Today, the 17 fronds boast some of the UAE's most luxurious residences and mansions (David Beckham and Shah Rukh Khan are only two of the celebrities said to own properties here), not to mention some of the highest rents, and estimates put its population at about 80,000.

After the homebodies moved in, then followed the hotels, trickling in at first, then coming in droves.

Atlantis, The Palm, nowadays arguably one of the most famous hotels in the world, was the first to set up shop, in 2008, when it had a glamorous opening party attended by thousands. It also marked Kylie Minogue's debut performance in the Middle East.

After the hotels, in 2009, the Middle East's first monorail opened, offering Palm Jumeirah residents and visitors a unique way to get around, as the driverless transport spans almost 5.5 kilometres and connects them to the Dubai Metro.

Globally renowned hotel brands have since opened on the island and today you can find Sofitel, W, Fairmont, The St Regis, One&Only and many more with luxurious resorts visited by well-seasoned travellers, not to mention world-famous celebrities from Kim Kardashian to Priyanka Chopra Jonas, all year round.

The much talked-about Atlantis The Royal, designed by the same people behind Hudson Yards in New York City or Victoria Dockside in Hong Kong, will soon follow, adding yet another distinctive architectural work of art to Palm Jumeirah's ever-expanding portfolio.

Some of the nation's favourite restaurants also reside here, with major dining and retail projects such as Palm West Beach, The Pointe, Golden Mile and Club Vista Mare marking the area out as a must-visit destination for foodies and leisure seekers.

Scroll through the gallery to see more of Palm West Beach, Palm Jumeirah's newest destination:

The Pointe is also home to the world's largest fountain, consisting of two floating platforms that cover 14,000 square metres, raising 105 metres into the sky, and lighting up with 3,000 LED lights. It also dances, a bit like the Dubai Fountain at The Dubai Mall, to hit sounds from across the world daily from sunset to midnight.

Let's not forget the beaches, either, as, whether public or private, they're some of the best and well-maintained around. They're also a great spot from which to do some superyacht-spotting, the marinas being one of the most clear-cut demonstrations of how far Palm Jumeirah has come.

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Wonka
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Three trading apps to try

Sharad Nair recommends three investment apps for UAE residents:

  • For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
  • If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
  • Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

NBA Finals results

Game 1: Warriors 124, Cavaliers 114
Game 2: Warriors 122, Cavaliers 103
Game 3: Cavaliers 102, Warriors 110
Game 4: In Cleveland, Sunday (Monday morning UAE)

Company%20profile
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Titanium Escrow profile

Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue  
Stage: Early stage
Investors: Founder's friends and Family

Updated: June 10, 2022, 6:01 PM