One-third of The World sold

Nakheel Executive Chairman Sultan bin Sulayem has announced that one-third of The World project has been sold. Speaking to the media, he announced that these were buyers who had paid 15% down and had had their development plans approved. The World is an archepelago of articial islands shaped like a map of the globe. Located between the Palm Jumeirah and Palm Deira, The World is an exclusive community which will be connected to Dubai via ferry and speed boats. It is 4km away from the Dubai shoreline. The chairman also stated that plans for other parts of the World were also being considered.

Meanwhile Nakheel has also created a model villa on one of the completed islands of The World. Officials announced that 60-70% of the reclamation work was done, and that hydrocompaction techniques meant that building could follow quickly.

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