The Palm Jebel Ali’s masterpiece offers even much more.
Its older twin is renowned for tourism as well, especially for the numerous hotels that flank the outer ring. Additionally, that industry is expanding quickly. Recently, a number of new hotels in the UAE have been launched, and both airfare sales and room occupancy are on the rise.
The Future, The Global Economy and The UAE
It’s vital to keep in mind that the project’s potential rebirth is still in its very early stages. If that is true, infrastructure planning would need to be done and it would take some time before the first property could be erected. According to experts, the earliest that it might open is in three to four years.
All of this would occur in a weak global economy. However, the fact that UAE real estate developers still have the courage to put forth projects this big in the face of uncertainty and the pandemic’s aftermath demonstrates that Dubai’s economy has advanced in step with the city’s skyline.
It might require quite some time before this project can be completed, but in the meantime, investors can use news like this to measure how quickly the nation is recovering from the pandemic.