Dubai’s Nakheel returns to halted artificial island project
Dubai based developer Nakheel will be resurrecting the development of part of one of three islands, another indicator that recovery after the 2008 financial crisis is now in full swing (at least if you're the sort of person with the funds to visit a private island).
Rebranded from Palm Deira to Deira Island, the palm-shaped island will host around 1,400 retail units and restaurants, a 250-room hotel and an ampitheatre that boasts a capacity of 30,000.
Nakheel was rescued by Dubai's government, a plan that cost of $16bn (£10bn) and was completed in 2011. In May, Dubai's tourism chief said that the emirate aims to treble its annual income from tourism to $82bn (£51bn) by 2020.