13 November 2007 (Sawf News) - Shah Rukh Khan, who was handed over the keys to his house on the The Palm Islands, Emirate of Dubai, UAE, three months back will become a resident of Dubai on November 1, 2008.With Om Shanti Om pulling itself in front of a floundering Saawariya, the crown of King of Bollywood rests easy on Shah Rukh’s head. What was still missing so far was a palace befitting the king.Relax, relax! Shah Rukh is not giving up Mannat-his Bandra mansion, his companies-Dreamz Unlimited and Red Chillies Entertainment, his career - which is so peachy sweet right now it makes candy envious.However, going by what we hear, if he wanted to he could at a moments notice.The Palm Islands is a set of three islands created artificially using land reclamation by Nakheel, a company owned by the Dubai government. They are located off the coast of The United Arab Emirates in the Persian Gulf and each is created in the shape of a palm tree, topped with a crescent.The Palm Jumeirah photographed from the International Space Station. Photo Credit: NASA / WikipediaWhen fully completed, the three islands will have a large number of residential, leisure and entertainment centers.It seems Shah Rukh’s wife, Gauri is eager to get the interiors done to her specifications for her new property and will be heading to Dubai later this month to oversee the work.

Interestingly, Tom Cruise, Brad Pitt, the Beckhams are still on the wait list for a piece of The Palm Islands.Shah Rukh’s property on The Palm Islands is reported to be a gift to him from the ruler of the Emirate and Shah Rukh is the unofficial brand ambassador for the islands created by the Dubia government to promote tourism.Shah Rukh with his wife Gauri Khan. Photo Credit: IANS/FileYou would think that the gift of a free uber-prime home and property will free up Shah Rukh’s hands to dole out his other expenses that go with living in Dubai.Think again!His bills will all be paid for; electricity, water, power, the whole shebang. Prime accounts of unlimited credit have been opened at the finest luxury stores in the city. Food, clothing, cars- you name it, it's all free.Yeah, that's fine you'd say, everything's all hunky dory now but what about the future, you know… the leaner years when he'll only be pulling say Rs 30 or 40 crores a year, what then? How will he eke out an existence then?Answer- Grinning ear to ear - Even his children's schooling is taken care of as a part of the special care package Dubai has made up for him.Life is sweet, people, if you're Shah Rukh Khan. Even sweeter it seems if you're Shah Rukh Khan, a resident of Dubai!Psst, anyone have an in with this Sheikh guy, let's talk.