In 2008, as the world suffering about the economy crisis the other part of the planet in Dubai a cool and a new luxury Atlantis hotel and resort they’re building at the tip-top apex of the Palm Jumeirah has been inaugurated.

It’s insane. Incridible:-)

The article said the resort cost $1.5 billion … which seems a little steep. Well, I guess there are 1,539 rooms. That’s pretty big. And yeah, it’s also on a freakin’ artificial island. Land was probably a little pricey.

They also brought in 65,000 marine animals “from the Gulf and beyond” – meaning the whole dolphin trouble. I guess we never talked about that here – see last year these guys found some sketchball company in the South Pacific to go out and capture 28 wild dolphins and ship them to Dubai. Classy. It was all over the news here:

28 dolsphins on way to Palm hotel

Dubai dolphins not mistreated, firm says

How Are The Dubai Dolphins?

Anyway, the the resort goes on to say that they have a 17-hectare water park, which would be impressive if I knew what a “hectare” was. Of course I do:-)

I assume it’s big and expensive.

Although rooms are only $454 a night, which isn’t bad considering it took $1.5 billion to build. Let’s see, estimating 90% capacity of 1,539 rooms, all paying $454 a night, it’d only take six and a half years to make $1.5 billion!

Shrugging off the global financial crisis, Dubai overnight toasted a new luxury hotel with a 20 million dollar bash attended by film stars and sporting greats and marked by a spectacular fireworks display.

More than 2,000 world celebrities were invited to the event, which began Thursday night and continued into Friday.

Among those who showed up for what the local press described as the “party of the decade” were Hollywood stars Robert de Niro, Charlize Theron, Mischa Barton and Wesley Snipes.

Other notables who walked the red carpet at the 1.5-billion-dollar “Atlantis, The Palm” hotel included singers Kylie Minogue, who performed before the fireworks display, and Shirley Bassey, Bollywood star Priyanka Chopra and catwalk model Yasmin Le Bon.

Located at the trunk-top of the Palm Jumeirah, one of three palm-shaped islands, Atlantis occupies the entire central part of a huge breakwater.

The 1,539-room hotel is made up of two pale rose towers, which are linked by a bridge which houses a 35,000-dollar-a-night suite that has a long waiting list, according to the management.

“Where we are now there was water five years ago,” said Sultan Ahmad Bin Sulayem, the chairman of local developer Nakheel, at the inauguration.

The bash cost a hefty 20 million dollars, said Sol Kerzner, the South African billionnaire, hotel and gambling tycoon, who organised the party.

The Dubai hotel is inspired by the original Atlantis that Kerzner built in the Bahamas but is not an average 5-star hotel.

It boasts the largest waterpark in the Middle East and a gigantic aquarium in which 65,000 fish, along with an enormous whale shark, swim in 11 million litres of water.

But the lavish party took place as Dubai, which has become a regional business and tourism hub, begins to feel the heat of the global financial meltdown.

The wealthy government of the United Arab Emirates has earmarked a 32.6 billion dollar credit facility to shore up confidence in its banking sector but has failed to encourage banks to continue financing the real estate sector, a major engine of Dubai’s rapid economic growth over the past few years.

The government-controlled Nakheel had announced few days ago that it was scaling down its activities, although the two other iconic palm-shaped islands are far from being complete.

In a sign of serious concern, Dubai set up Wednesday a high-profile committee to assess the impact of the crisis on the emirate’s economy.

“We cannot be in a state of denial about the challenges,” said Nasser al-Shaikh, general director of Dubai’s Department of Finance announcing the forming of the committee.

Kerzner’s company also recently laid off 800 of its employees at Paradise Island Atlantis Resort in the Bahamas because of a sharp drop in the number of American visitors.

Those financial concerns were however put aside on Thursday night for the memorable party in this Muslim, yet very open, emirate, where local dignitaries in traditional white tunics, and women in black cover-all abayas mingled with women in fashionable revealing dresses, while alcohol flowed like water.

Fireworks which were said by organisers to be seven times larger than this year’s Olympic Games opening ceremony in Beijing, lit up the sky along the sea front of Dubai, erupting from every branch of the palm island.

Dubailand, the tourism destination and member of Tatweer, announced that it has broken ground for the first spa lifestyle community in the Middle East, the Dh.1.5bn ‘Palmarosa Project.

Inspite of the international crisis the next capital of delux hotel and palaces will be soon in Dubai. They inagurated a Palace for about 20M dollars yesterday.

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