The Palm Dubai Development
In 2006, HillPDA expanded its practice into Dubai, providing advice to Nakheel (the world’s largest privately held real estate company) regarding its iconic Jumeirah development, The Palm.
The Palm is an innovative and ambitious development that has been at the forefront of Dubai’s growth as an internationally recognised tourism and business destination. As the first of Dubai’s man-made islands, The Palm boasts luxury homes, hotels, tourism attractions and a monorail, and is equivalent in size to 800 football fields. It was a complex and innovative project in all respects, not the least of which from its development feasibility perspective.
With construction of The Palm underway, Nakheel sought advice from the HillPDA Team, specifically regarding the analysis of the long-term cash flow of the project. In consultation with Estate Master, the HillPDA Team modelled the feasibility of the project and provided Nakheel with practical advice that helped guide the project.
The solutions that were identified ranged from changes to the staging of construction to the implementation of infrastructure contributions by the development precinct.
Summary of Services: Development Feasibility, Infrastructure Contributions, Innovative Development Advice