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There was no evidence of the global financial crisis as tycoons and celebrities streamed into Dubai last night for the world’s most expensive private party.

Having spent £1 billion, the owners of the Atlantis hotel, which they hope will become the new symbol of excess in a region already replete with towering statements of wealth, splashed out £13.5(approx. $20million) million on its opening.
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The World is a man-made archipelago of 300 islands constructed in the shape of a world map and located 4 kilometers (2.5 miles) off the coast of Dubai, United Arab Emirates. The World is built primarily using sand dredged from the sea. It was developed by Nakheel Properties and was originally conceived by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai.
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