Travel

Luxury Resort on Dubai’s Palm Islands Close to Selling for $280 Million

  • Luxurious beach resort includes about 300 rooms and villas
  • Dubai’s tourism market has recovered since the pandemic
The Palm Jumeirah in Dubai.Photographer: Christopher Pike/Bloomberg

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Anantara The Palm Dubai, a luxurious resort on one of the city’s famous artificial tree-shaped islands, is close to being sold for 1.1 billion dirhams ($280 million), according to people familiar with the matter.