With ambitious plans to build the world’s first undersea hotel and establish itself as a cultural hub with an opera house and museum complex, Dubai is dreaming again.
As the Gulf Arab state has made progress on restructuring its debt and an improving economy is boosting its fiscal position, the government in recent months has revived a host of projects put on hold after the property market collapse and subsequent debt crisis in 2009.
Plans to build a waterway that would enable residents in an upscale residential area of the city to sail to work in the business district by yacht are also back on the agenda. Other projects mooted by the government include the world's largest animal safari park and the biggest amusement park.
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