tag:blogger.com,1999:blog-105053092011-04-21T15:14:51.303-07:00mazafakahttp://www.blogger.com/profile/05039296850043238105noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-10505309.post-1107103763928748662005-01-30T08:48:00.000-08:002005-01-30T08:49:23.926-08:00The vast project will reshape the emirate by adding 850km (500 miles) of new coastline dotted with luxury homes and hotels. <br />The development will house one of the world's tallest skyscrapers and encompass an area nearly three times the size of Washington DC. <br />The first phase is expected to be finished in about five years' time. <br />The Dubai Waterfront will be split between land and sea and include a new city centre. <br />It will include a 75km desert canal and an arc of manmade islands sweeping deep into the Gulf. <br />The construction will cover 440 square kilometres and accommodate 400,000 people. <br />"This is Dubai's biggest project yet and the world's largest waterfront development," said Dubai Crown Prince Sheikh Mohammed bin Rashid Al Maktoum. <br />Foreign firms have been allowed to invest in the project, a first for the UAE after restrictions on outside partnerships were eased. <br />Nakheel, the state-run firm behind the development, has not disclosed the cost of project, but local experts say it will run into tens of billions of dollars. <br />The emirate has already started extending its 60km coastline with a manmade archipelago hosting luxury homes and hotels. <br />The unfinished islands are said to be visible from space. <br /><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/10505309-110710376392874866?l=matureiran.blogspot.com' alt='' /></div>mazafakahttp://www.blogger.com/profile/05039296850043238105noreply@blogger.com3