Nakheel Corporation unveiled concept plans to construct another offshore island development just off the coast of Dubai. The development is called ‘The World’ and will consist of a series of 200 islands, positioned to form the shape of the world map. The first stages in construction of the islands, known as reclamation, are expected to commence in late 2003. Total completion of the project is forecast for 2008.
“This development will be positioned five kilometers off the coast of Dubai. It will be 5.5 kilometers in length and width, and will cover 60 million square feet, including 10 million square feet of beach”, said Sultan Ahmed Bin Sulayem, Nakheel executive chairman.
“’The World’ is set to be the most exclusive and private water retreat available in Dubai,“ added Sulayem, “It will provide an intriguing and one of a kind haven for investors looking for exclusive and world-class real estate opportunity.”
The 200 islands will vary in size and will be themed to show some similarities to the specific country they are representing. Restrictions have been placed on the height of developments. A series of waterways, canals and lakes have also been integrated into the overall design. Considered a first of its kind, this development is expected to cater specifically to the elite residential and tourist market.
Access to the island will be entirely by marine transport only—there will be no road access. To protect the development, two types of breakwater will be built to surround it; these include an above water revetment and a submerged reef.
‘The World’ project joins a growing list of landmark projects in Dubai. These projects include the six-star Burj Al-Arab hotel, the Emirates Towers and of course the Palm project, which consists of the world largest two palm-tree shaped islands, which are also currently under construction by the Nakheel Corporation.
According to studies, tourism to Dubai is growing exponentially, with the current number of visitors standing at five million due to reach 10 million by 2007, and an incredible 40 million by 2015.
Nakheel is a property development company in Dubai. Nakheel’s portfolio currently includes The World, The Palm, Jumeirah Islands, The Gardens and The Gardens Shopping Mall. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
