Dubai’s palm tree island developers set to build new man-made islands
INTERNATIONAL The company responsible for the UAE's palm tree-shaped Palm Islands is set to develop several new, man-made islands amid the city's housing boom. Dubai-based property developer Nakheel PJSC said it had secured 17 billion dirhams ($4.6bn) in financing from local investors, with plans to create new projects, including the development of its Dubai Islands. On Tuesday, Nakheel announced in a statement that the transaction comprised 11 billion dirhams in refinancing and additional funds […]
