Dubai WaterfrontEdit profile
The Dubai Waterfront (now known as Waterfront) is expected to become the largest waterfront and largest man-made development in the world. The project is a conglomeration of canals and artificial islands; it will occupy the last remaining Persian Gulf coastline of Dubai, the most populous emirate of the United Arab Emirates. It will consist of a series of zones with mixed use including commercial, residential, resort, and amenity areas. The vision of the project is "to create a world-class destination for residents, visitors and businesses in the world's fastest growing city". Run by the Dubai Waterfront Company, the project is open to foreign investment with its real estate developer, Nakheel, owning a 51% stake. Waterfront is being developed by Nakheel, one of the world’s largest privately held real estate developers. The artificial islands will be formed to resemble the most widely recognized symbol of Islam, the star and crescent. This will produce a shelter around the Palm Jebel Ali, one of the three Palm Islands, the largest artificial islands (shaped like palm trees) in the world also being constructed by Nakheel. Waterfront will add more than 70 kilometres to Dubai's coastline. It will encompass an area of 1.4 billion square feet of water and land developments. It is expected to house an estimated population of 1.5 million people. Located near the new Al Maktoum International Airport, and with direct access to Sheikh Zayed Road, Jebel Ali Freezone and Abu Dhabi, the city will be fully accessible on a local and international scale. The hub of the development will be along the shoreline, stretching in-land to offer a range of residences, commercial districts and industrial areas, with a number of major tourist attractions and leisure amenities. Extending from the coastline into the Persian Gulf will be a series of connected islands featuring villas and high-end accommodation. It will consist of 10 key areas including Madinat Al Arab , which is expected to become the new downtown and central business district of Dubai. Madinat Al Arab has been developed by an international consortium of architects, planners and urban developers. Madinat Al Arab will feature resorts, retail, commercial spaces, public spaces, a broad mix of residencies and an integrated transport system including light rail and a road network. Major civil works and infrastructure has commenced on the first phase of Madinat Al Arab. Construction of the 8.0 kilometer Palm Cove Canal, which runs parallel to the coastline, began in February 2007 and is more than 65 per cent complete. The first phase of Madinat Al Arab (30%) was unveiled to private property and investment institutions from the United Arab Emirates and Cooperation Council for the Arab States of the Gulf in July 2005. Within five days, it had been completely sold out, for over 13 billion AED. Other key zones include Al Ras , Corniche , The Riviera , The Palm Boulevard , The Peninsula , Uptown, Downtown, Boulevard, and The Exchange .