Yes, the Palm Island in Dubai has a new monorail: "Palm Monorail: Dubai gets rail".
Luckily they were smart, and got a Singaporian company to engineer it all and run it and provide 100 employees.


The monorail is open daily from 8 am to 10 pm, it costs 15 dirhams ($4) for a one-way trip and 25 ($6.80) for the full monty.