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Nakheel has said there are no plans to sell the liner and the plans of doing renovations to turn it into a luxury hotel are being prepared. Nakheel was created in 1990 as a commitment on the part of HH Sheikh Ahmed bin Rashid al Maktoum to ensure that the UAE would become a world revered tourist destination. The Palm Jumeirah was developed in 2006 and is the location for grand accommodations, entertainment, dining, and shopping. Resorts have been built by many of the largest hotel chains, including Hilton, Movenpick, Radisson, Fairmont, Shangrila, Metropolitan, Altantis, One and Only, and the Trump International Hotel chains.