Description & Facts: The Palm Jebel Ali Umar began construction in October 2002 and is expected to be completed in mid 2008. The Palm Jebel Ali is expected to accommodate 1.7 million people by 2020. Once it has been completed, it will be encircled by Dubai Waterfront. The project, which is 50 percent larger than the Palm Jumeirah, will include six marinas, a water theme park, 'Sea Village', homes built on stilts above the water, and boardwalks that circle the "fronds" of the "palm" and spell out an Arabic poem by Sheikh Mohammed bin Rashid Al Maktoum: Take wisdom from the wise. It takes a man of vision to write on water. Not everyone who rides a horse is a jockey. Great men rise to greater challenges As of early October 2007, construction of the island was on schedule. The breakwater was completed in December 2006, and infrastructure work began in April 2007. Major construction will not begin until most of the infrastructure work is complete. One of the first buildings on The Palm Jebel Ali is already known. Nakheel invited several architects to design a building on a 300,000 m2 area. The winning design was a building by Royal Haskoning, who also worked on several other projects in Dubai. The building can be seen here. In the first signs of a slowing Dubai property market, the prices of properties being sold on the Palm Jebel Ali were reported to have fallen by 40% in the two months to November 2008, with the fall being attributed to the Financial crisis of 2007-2008. In 2012, the first phase of four theme parks will open on the Crescent. These parks, which together will be called "World of Discovery," will be developed and operated by the Busch Entertainment Corporation. The parks include SeaWorld, Aquatica, Busch Gardens and Discovery Cove. The World of Discovery will be located at the top of the Crescent, which will form into the shape of an orca (reminiscent of Shamu).