Dubai’s Palm Island shows signs of sinking…
The $12 billion man-made island off the coast of Dubai is sinking about 5 millimeters a year, CNBC reports.
The island was dredged from the seabed and is shaped like a palm to maximize waterfront real estate frontage. It’s one of several man-made islands that were constructed in the Middle East over the last five years, including Qatar’s The Pearl. More palm-shaped islands were also planned in Dubai.
In addition to loads of houses, the island is home to the megaresort – No, I am not making this up – Atlantis.
Developer Nakheel says reports on the sinkage by surveying company Fugro are “wholly inaccurate.”












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