The World Islands in Dubai completed
10/01/2008
One of the world's largest property developers, Nakheel, has placed the final stone on the breakwater for The World Islands in Dubai. ArabianBusiness.com is the one who could reveal it completely. The project was completed 5 years after it was publicized.
Nakheel shared to ArabianBusiness.com last Wednesday that the last rock was one of 34 million tons of rock breakwater which surround the 300 artificial islands that make up The World.
The World team was on hand as the last rock was placed at 8:00am on 9 January by Hamza Mustafa, Director of The World, marking the completion of the first phase of one of the world's most exclusive real estate development projects.
The World Islands, built in the shape of the world map off the coast of Dubai, were first announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on May 6 2003.
The first sand for the project was poured in September 2003, with 320 million cubic metres of sand now dredged from the sea as part of the land reclamation for the project. The breakwater that surrounds the islands is now 9 kilometres wide and 7 kilometres long island destination.
The next phase of the project involves handing over islands to developers for construction and the building of infrastructure.
Invitations to purchase on The World are by invitation only, with 60 percent of the islands already sold by January 2008. The cost of the islands vary from $15-$50 million, though one island currently costs $250 million to buy.
Nakheel shared to ArabianBusiness.com last Wednesday that the last rock was one of 34 million tons of rock breakwater which surround the 300 artificial islands that make up The World.
The World team was on hand as the last rock was placed at 8:00am on 9 January by Hamza Mustafa, Director of The World, marking the completion of the first phase of one of the world's most exclusive real estate development projects.
The World Islands, built in the shape of the world map off the coast of Dubai, were first announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on May 6 2003.
The first sand for the project was poured in September 2003, with 320 million cubic metres of sand now dredged from the sea as part of the land reclamation for the project. The breakwater that surrounds the islands is now 9 kilometres wide and 7 kilometres long island destination.
The next phase of the project involves handing over islands to developers for construction and the building of infrastructure.
Invitations to purchase on The World are by invitation only, with 60 percent of the islands already sold by January 2008. The cost of the islands vary from $15-$50 million, though one island currently costs $250 million to buy.
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