Island Living Dubai : The World Islands

The World Islands 

They've don it again! The same company that brought us the spectacular Palm Islands, Al Nakheel Properties (Nakheel Corp), expanded their portfolio of man-made islands with this latest Dubai island project shaped like the continents of the world. The World will consist of between 250 to 300 smaller private artifical islands 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 development 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.

Construction has begun on the $US 1.8 billion project which is set to be completed by the end of 2005. It will be located 4 kilometers off the shore of Jumeirah, close to the The Palm Jumeirah, between Burj Al Arab and Port Rashid of Dubai, United Arab Emirates (UAE). Each island will be sold to selected private developers and are expected to have pricing beginning at Dhs. 25 million (US$ 6.85 million).

From oil to property in Dubai

Dubai's property sector was only released from restricted ownership just over two years ago and the current interest in property in Dubai is no co-incidence. Faced with falling oil reserves, the Dubai government made a conscious decision to sell their other less tangible assests: sunshine and glistening blue seas. Combine these with some of the most inventive and creative archictectural developments seen anywhere in the world and Dubai becomes a hotbed of investment activity.

For those considering buying property in Dubai, procrastination is a luxury that no-one can afford. With 7000 villas selling out in 24 hours, the time to invest is now! Although it will take sometime for freehold property prices to find their correct market level, it seems that the property boom in Dubai is set to continue for some time to come and for investors interested in getting in on ground level markets, Dubai presents fantastic opportunities.

Welcome to Property Newsdesk Dubai

Hi, Property Newsdesk Dubai is one of many newsdesks operated and maintained by proeprtyauthors.com, a publisher of free ebooks and article on buying property abroad. The Newsdesk aims to bring all the lastest information from the Dubai property world, keeping would be investors up to speed on the lastest development opportunities, bargain properties, news and information on buying property in dubai.