Updated: May 4, 2024

Dubai’s Artificial Islands are one of the largest development projects in history, and were a key part of the City’s history. After being announced back in 2002, these projects were intended to completed in 2010. But all of this changed after the 2008 financial crisis, with only one of the islands being fully completed. Both The Palm Jebel and The World were permanently put on hold as a result of the slowing real estate market. Twenty years later, and these projects still sit completely abandoned, with reports stating that The World Islands have began sinking back into the Persian Gulf.

But all of this changed just recently, with the developer, Nakheel Properties announcing a $5 Billion Plan to save these islands. Therefore, why are they redeveloping this massive real estate project, and will these massive real estate projects ever be fully completed?

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