It's not a great place to visit...so why live there?
I look at maps a lot, and when I first saw The Palm Jumeriah I thought, "wow, nifty." Well, it turns out that the place isn't all that great, read more at The Guardian. Rays, crabs, and barracudas make the water essentially pretty scenery, and the 120 degree heat makes the area unbearable.

Really, it begs the question: who would buy a home, sight unseen, in Dubai? Seriously. There are complaints from just about everyone who purchased one. Temperature? It's a desert. No trees? It's a desert. Come on people, invest a little in research and drive around the place before you drop millions on a place you don't even like and aren't going to be able to sell.

You really want a nice place in a beautiful climate without all that BS for 3 million pounds (the apparent going rate for a house on the palm)? Hello! Florida, California, Hawaii, (maybe the gulf coast of Texas), half the islands in the Caribbean, New Zealand, Australia, any non-war-torn island between Australia and China, ...

I guess the cliche about a fool and his money applies directly in this case.