The World Dubai
The World Dubai is a man-made archipelago of 300 islands being constructed in the shape of the world map and situated 4 kilometres off the coast of Dubai. The islands are divided into four categories - private homes, estate homes, dream resorts, and community islands. Each island will range from 250, 000 to 900, 000 square feet in size, with 50 to 100 metres of water between each island. The World is to cover an area of 9 kilometers in length and 6 kilometers in width, surrounded by an oval shaped breakwater. The only means of transportation between the islands will be by marine transport.
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Besides The World Dubai there are other artificial islands being built off the coast of Dubai, the most famous being Palm Islands.
Like the other artificial island projects, The World is built primarily using sand dredged from the sea bed. It has been developed by Nakheel Properties of Dubai and was originally conceived by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai.
The overall development cost of The World was estimated to be over 14 billion USD. As for the individual islands, prices range between 15 and 50 million USD. With the exception of one island which is still for sale at a price of only 250 million USD.
On 10 January 2008, the final last stones on the breakwater were laid, completing the initial development. Now the next phase of the project is to hand over the individual islands to the developers who have bought individual islands
As we go to press the confirmed developments so far include:
Nakheel Group is itself further developing a resort named Coral Island over 20 islands that make up the North American part of The World. The low-rise development will include a marina and hotel village.
The second largest confirmed development is the purchase of 14 islands that make up Australia and New Zealand by Investment Dar. The islands are being terraformed to be developed as a resort named OQYANA.
Irish business consortium Larionovo has plans to develop the Ireland island into an Irish-themed resort. The plans include a large internal marina, apartments and villas, a gym, hotel, and Irish-themed pub. In July 2007, it was announced that "Ireland" Island would feature a recreation of Northern Ireland's famous Giants Causeway.
Cinnovation Group has acquired a 37, 000 square metres (400, 000 sq ft) island as part of a project valued at $200 million USD. Guest and residential villas and a hospitality complex are planned.
Dubai Multi Commodities Centre will establish a 6, 000 square metres (65, 000 sq ft) pearling and marine entertainment center in association with Paspaley Pearling Corporation. It will be located on an island in the Antarctica region of The World.
In April 2008, Salya Corporation announced that it had acquired the islands of "Finland" and "Brunei" in The World. They plan to developed the two islands into fashion-themed resorts. To purchase the islands, Salya spent about Dh800 million (218 million USD) and will spend Dh2.4 billion (654 million USD) to develop the islands.
Brunei Island will be turned into a Fashion TV resort and Finland Island will be turned into a fashion community called FTV palace.
The World Dubai is benefically located off the coast of Dubai’s most desirable address.
The World was created and developed by Nakheel, Dubai’s premier developer, The World is quickly evolving into a one of a kind destinations and investment opportunities. See for yourself!!
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