For all those who have dreamed of investing in a private island of their own can
now make that dream a reality with The World, a new offshore development by
Nakheel comprised of 300 islands that resemble the actual shape of the world's
continents. In an announcement made today by Mr. Sultan Ahmed bin
Sulayem, Chairman of Nakheel, all islands have just been made available for purchase.
"The World will be one of the most beautiful and exclusive destinations worldwide
that captures the essence of the perfect getaway - a private island paradise where
life slows down, sunsets are theatre and rain rarely falls. It follows in the footsteps
of another extraordinary Nakheel project, The Palm, whereby The Palm put Dubai
on the map and now The World is putting the map on Dubai," said Mr.
Sulayem. "The World follows a very exclusive blueprint of the ultimate status symbol,
forming an island sanctuary where the privileged few can stake claim to their own
version of paradise, and I am delighted that today Nakheel is giving the most
imaginative investment dreams the room to be realized with the unveiling of The
World island prices," he added.
According to Nakheel, there has already been extraordinary demand across the
globe for investment in The World. Since the official unveiling of The World on 21
September 2003 by HH General Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Defence Minister, investors from the
UAE, neighbouring GCC countries, Far East, Middle East and North and South America
have been waiting anxiously for the launch of The World's prices so that they can
be part of this exclusive, sought after development.
"The waiting is over for The World. We have witnessed such demand for the
project over the past year and are certain that investors will jump at the chance to
purchase their own island, whether it is for private or commercial use. This is a
one-of-a-kind investment opportunity that will only be available for the most
exclusive and serious buyers. Nakheel is also very much interested in discovering
investor plans for the islands. Will one choose to build a private golf course,
hotels or a mansion? What will be the realized dreams of our privileged investors?" commented Mr. Wahid Attalla, Executive Director, Commercial &
It is expected that many of the islands will be themed after the country they
represent, although investors have the freedom to create their own personal
vision for private or commercial use. In addition, Nakheel will integrate a series of
waterways, canals and lakes to enhance the overall design. What's more, access
to the islands will be entirely by marine transport or by air and will provide
first-class marinas to all investors.
According to Mr. Saeed Ahmed Saeed, Managing Director, Projects,
Nakheel, construction for The World is right on schedule. After less than six months, the
island representing the UAE was the first to break the surface of the Arabian Gulf.
This island in particular has been reclaimed to a depth of minus 14 metres below
the water's surface, and is currently at its final elevation of three metres above the
water. In addition to the UAE island, work is progressing rapidly on the islands of
North America and Asia, which have also recently broken the sea's surface. This
proves that The World is a reality and a work in progress.
"Nakheel has created a project of grand proportions that will cater to 300
specific individuals that have the capability, vision and unparalleled desire to purchase,
construct and maintain these exclusive islands. We are looking for the most
serious investors whose vision is a magnificent as the The World itself," stated Mr.
Nakheel has also prepared an exclusive branding image for The World that goes
hand-in-hand with the development's uniqueness and exclusivity. Investors will
sense this exclusivity from the high-quality materials and multi-media presentation
offered to them. Moreover, an electronic state-of-the-art sales system has been
prepared and launched on The World website, which easily allows investors to
understand the boundaries and details of the desired island, only just by clicking
Investors will be able to see from this material that the design of the entire project
incorporates two protective breakwaters on the outer perimeters to provide
shelter from long and cross-shore waves. The outer breakwater will be a submerged reef and the inner breakwater will be above water. Extensive testing of
the breakwaters design has taken place in one of the world's leading hydraulics
laboratories in Delft, The Netherlands.
Shelter provided by the breakwaters for the islands is also expected to attract and
provide shelter for a wealth of marine life.
The World is set to measure approximately 7km in length and 9 km in width and
will cover over 593 million square feet, including more than 10 million square feet
of beach. In addition, all of the islands will range from 100,000 sq feet to 450,000 sqfeet in size, with more than 350 million cubic metres of rock and sand.
This two-stage reclamation and infrastructure development worth US $3 billion
will be located four kilometres offshore from Dubai, at a point halfway between
The Palm, Jumeirah and Port Rashid.
Total completion of the project is forecast for 2008.