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On the peninsula of Persian Gulf lies the crown jewel of UAE, the city of lights, and one of the richest emirates of UAE is the city of Dubai, in the recent years the city has gone through many changes and from the ordinary city it has become an extravagant city of the world, and the source behind its development is the discovery of crude oil and gas resources and the aspect which has always been over looked are the amendments regarding the foreign investment in the emirate made by the rulers of the UAE. To make use of its economy the prince of Dubai initiated another project that is converting the city into the world’s tourist spot as a result now tourist industry of Dubai is responsible of generating second most revenue for the country. The tourist industry encouraged the inauguration of various real estate projects in the city, which gave a boom to its real estate industry from 2002 to 2008; most of the humongous projects are completed or will be till 2012. The city hosts 27% of all the constructional cranes in the world. The real estate boom gave birth to record holder projects like Burj Al Khilafa, Palm islands, Dubai and many others. One of the prime real estate projects is the Festival towers located in the Dubai’s festival city a city with in a city, the founder of the festival city’s idea are the Al Futtaim Carillion group , the city has the 4km long beachfront and the project is expected to be open by 2014. It has divers business as well as residential projects within its boundary. Its largest business tower has 35 floors and is link to Dubai’s plaza and continental hotels, it has independent car parking for more than 10000 vehicles and also have three helicopter landing zone, a fact which makes the festival tower a premium business place is its close proximity to Dubai’s international airport. Some facts about the tower are as under: Hosts three schools of international standard namely: • American universal school • Deira national centre • Al Futtaim university Has three world class medical centers sponsored by UAE government: • French national hospital • Welcome centre • Medical towers Located on ten minute drive to Dubai’s international airport: • Covered area: 2000 acres • No of offices: 500 • No of shops: 1500 The festival city includes the luxury of golf course for its inhabitant’s world’s second hypermarket multiples 5 star and 4 star hotels and Restaurants Dubai have opened their branches in the boundary wall of project, in 2007 the intercontinental group decided to open their chain of intercontinental Restaurants Dubai and in future they plan to establish a chain of Star wood resorts in this mega project. Celebrities from all over the world both from Hollywood and Bollywood have made festival city as their future home Britney spears, Eminem, Rihanna, Salman khan and Beyonce Knowles have chosen this project as their future home.
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Chain of intercontinental restaurants Dubai
