One of the world's most ambitious projects began construction 23 years ago this month. The land reclamation phase of Dubai's Palm Jumeirah project represents a remarkable feat of modern construction and urban development.
Spanning several years and involving meticulous planning, innovative technology and immense effort, this phase was instrumental in transforming the vision of creating an artificial island into a tangible reality.
Initiated in 2001, the land reclamation process began the ambitious endeavour to expand Dubai's coastline and create a distinctive palm-shaped island. At the heart of this phase were extensive dredging operations, where millions of cubic meters of sand were excavated from the seabed of the Arabian Gulf.
Advanced dredging vessels, equipped with powerful suction pipes worked to extract the sand, which was then pumped through pipelines to the designated areas where the island was to be formed.
Throughout the process, environmental considerations were of great importance. Strict protocols were followed to minimise disruption to marine ecosystems and to mitigate potential adverse impacts. Measures such as sedimentation curtains and silt barriers were deployed to contain sediment dispersion and preserve water quality in the surrounding marine environment.
By 2006, the land reclamation phase was completed, paving the way for subsequent stages of infrastructure development and construction on the Palm Jumeirah.
With the sand firmly in place, developer Nakheel turned its attention to infrastructure. Roads, bridges, utilities and vital infrastructure were constructed to support the community on the island.
Renowned architects and developers from around the world flocked to Palm Jumeirah, each leaving their mark on the landscape. The island's real estate market boomed, attracting investors and homeowners seeking a slice of paradise.
Extensive landscaping efforts also resulted in the planting of thousands of trees, shrubs and flowers, transforming the Palm Jumeirah into a lush oasis. Parks, gardens and waterfront promenades emerged, inviting residents and visitors to explore and unwind in a serene environment.
Atlantis, The Palm, which opened in 2008, remains one of Dubai’s most recognisable landmarks. The opening of the $1.5 billion resort also marked the grand opening of the Palm Jumeirah.
More than 2,000 guests attended the lavish opening, including global stars and royalty. Among those in attendance were actors Charlize Theron and Robert De Niro, basketball star Michael Jordan and singer Kylie Minogue, who also performed at the event.
Mischa Barton, Lindsay Lohan, Mary-Kate Olsen, Lily Allen, Natalie Imbruglia and Sir Richard Branson were among the other stars who walked the hotel’s blue carpet.
In true Dubai fashion, there was a spectacular fireworks show to mark the opening, with the whole of Palm Jumeirah lighting up. Fireworks were placed around the island’s crescent and along its fronds.
Through the years, many celebrities have purchased homes on the island including David and Victoria Beckham, Roger Federer, Shah Rukh Khan and Cristiano Ronaldo.
Today, the Palm Jumeirah is a popular destination for residents and tourists. Besides some of the most exclusive homes in the world, the island offers top-notch resorts, such as Atlantis The Royal, and fun-packed experiences, from Atlantis Aquaventure to Palm Tower, a 52-storey landmark combining a luxury hotel, residences, a viewing tower and the world's highest 360-degree infinity pool.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
The Outsider
Stephen King, Penguin
match details
Wales v Hungary
Cardiff City Stadium, kick-off 11.45pm
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
Company profile
Name: Thndr
Started: October 2020
Founders: Ahmad Hammouda and Seif Amr
Based: Cairo, Egypt
Sector: FinTech
Initial investment: pre-seed of $800,000
Funding stage: series A; $20 million
Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC, Rabacap and MSA Capital
Starring: Jamie Foxx, Angela Bassett, Tina Fey
Directed by: Pete Doctor
Rating: 4 stars
10 tips for entry-level job seekers
- Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
- Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
- Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
- For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
- Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
- Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
- Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
- Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
- Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
- Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.
Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz
UAE currency: the story behind the money in your pockets
MISSION: IMPOSSIBLE – FINAL RECKONING
Director: Christopher McQuarrie
Starring: Tom Cruise, Hayley Atwell, Simon Pegg
Rating: 4/5
The%20Mother%20
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LIKELY TEAMS
South Africa
Faf du Plessis (captain), Dean Elgar, Aiden Markram, Hashim Amla, AB de Villiers, Quinton de Kock (wkt), Vernon Philander, Keshav Maharaj, Kagiso Rabada, Morne Morkel, Lungi Ngidi.
India (from)
Virat Kohli (captain), Murali Vijay, Lokesh Rahul, Cheteshwar Pujara, Rohit Sharma, Ajinkya Rahane, Hardik Pandya, Dinesh Karthik (wkt), Ravichandran Ashwin, Bhuvneshwar Kumar, Ishant Sharma, Mohammad Shami, Jasprit Bumrah.
The%20end%20of%20Summer
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Profile of Tamatem
Date started: March 2013
Founder: Hussam Hammo
Based: Amman, Jordan
Employees: 55
Funding: $6m
Funders: Wamda Capital, Modern Electronics (part of Al Falaisah Group) and North Base Media
KILLING OF QASSEM SULEIMANI
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
