History
Major civil works and infrastructure commenced on the first phase of Madinat Al Arab. Construction of the 8.0 kilometer Palm Cove Canal, which runs parallel to the coastline, began in February 2007 and was more than 65 per cent complete before the project was suspended.
The first phase of Madinat Al Arab (30%) was unveiled to private property and investment institutions from the United Arab Emirates and Cooperation Council for the Arab States of the Gulf in July 2005. Within five days, it had been completely sold out, for over 13 billion AED.
Read more about this topic: Dubai Waterfront
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