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Coordinates: 25°13′00″N 55°10′00″E / 25.21667°N 55.16667°E / 25.21667; 55.16667
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*October 2007: Nakheel announced the sale of Ireland, and Shanghai in October 2007.<ref>http://www.dubaifaqs.com/the-world-dubai.php</ref>
*October 2007: Nakheel announced the sale of Ireland, and Shanghai in October 2007.<ref>http://www.dubaifaqs.com/the-world-dubai.php</ref>
*January 2008: - The World breakwater is completed.<ref>http://www.dubaifaqs.com/the-world-dubai.php</ref>
*January 2008: - The World breakwater is completed.<ref>http://www.dubaifaqs.com/the-world-dubai.php</ref>
*19 February 2008: Cinnovation Group has acquired a {{convert|37000|m2|sqft}} island as part of a project valued at $200 million USD. Guest and residential villas and a hospitality complex are planned.<ref>http://www.europe-re.com/system/main.php?pageid=2343&articleid=10631</ref>
⚫
*December 2008: Nakheel says 70 percent of The World has been sold.<ref>http://www.dubaifaqs.com/the-world-dubai.php</ref>
*25 February 2008: Dubai Multi Commodities Centre will establish a {{convert|6000|m2|sqft}} [[pearl hunting|pearling]] and marine entertainment center in association with Paspaley Pearling Corporation. It will be located on an island in the Antarctic region of The World.<ref>http://www.ameinfo.com/148011.html</ref>
*28 December 2008:Turkey island was bought by Turkey's MNG Holdings in June 2008 for just under $20 million USD.<ref>http://www.thenational.ae/apps/pbcs.dll/article?AID=/20081228/BUSINESS/732728603/-1/SPORT</ref>
*28 December 2008: China's Zhongzhou International will be developing a hotel resort on Shanghai island. The island was bought for $28 million USD.<ref>http://www.thenational.ae/apps/pbcs.dll/article?AID=/20081228/BUSINESS/732728603/-1/SPORT</ref>
⚫
*28 December 2008: Nakheel says 70 percent of The World has been sold.<ref>http://www.dubaifaqs.com/the-world-dubai.php</ref>
*September 2008:Dubai's Limitless announced plans in September 2008 to develop a $161 million USD wellness resort on an island in "Siberia". Pearl Dubai paid $27.2 million USD for a {{convert|1600000|sqft|m2|adj=on}} island nearby.<ref>http://www.thenational.ae/apps/pbcs.dll/article?AID=/20081228/BUSINESS/732728603/-1/SPORT</ref>
*October 2009: An Emirates Business report on 13 October 2009 that 2 islands were sold at about AED 240m, $65 million each in July and August 2009.<ref>http://www.dubaifaqs.com/the-world-dubai.php</ref>
*October 2009: An Emirates Business report on 13 October 2009 that 2 islands were sold at about AED 240m, $65 million each in July and August 2009.<ref>http://www.dubaifaqs.com/the-world-dubai.php</ref>
*December 2009:Dubai based Kleindienst Group say they will start construction of the Heart of Europe in early 2010 according to a press report of 17 December 2009. Islands include Austria, Germany, Netherlands, St Petersburg, Sweden and Switzerland.<ref>http://www.dubaifaqs.com/the-world-dubai.php</ref>
*December 2009:Dubai based Kleindienst Group say they will start construction of the Heart of Europe in early 2010 according to a press report of 17 December 2009. Islands include Austria, Germany, Netherlands, St Petersburg, Sweden and Switzerland.<ref>http://www.dubaifaqs.com/the-world-dubai.php</ref>

Revision as of 16:03, 2 March 2010

The development's logo

The World is a man-made archipelago of 300 islands constructed in the rough shape of a map of the landmasses of the Earth, located 4 kilometres off the coast of Dubai, United Arab Emirates.[1] The World islands are composed mainly of sand dredged from Dubai's shallow coastal waters, and are one of several artificial island developments in Dubai.[1] The World's developer is Nakheel Properties; the project was originally conceived by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai.

Project

View of The World in early 2009

Islands in the archipelago range from 14,000 square metres (150,000 sq ft) to 42,000 square metres (450,000 sq ft) in area.[1] Distances between islands average 100 metres.[1] The entire development covers an area 9 km in length and 6 km in width, surrounded by an oval-shaped breakwater island. Roughly 232 kilometres (144 mi) of shoreline was created.[1] The World's overall development costs were estimated at $14 billion USD in 2005. Individual islands have been sold for prices ranging between $15-$50 million dollars USD,[1][2] with one island known to have been offered for sale at a price of $250 million USD.

History

The project was unveiled in May 2003 by Sheikh Mohammed[2] and dredging began four months later in September 2003.[2] By January 2008, 60% of the islands were sold, 20 of which were bought in the first four months of 2007.[1][2] On 10 January 2008 the final stone on the breakwater was laid, completing development of the archipelago.[2] As of November, 2009, commercial and residential properties are not currently being constructed on purchased islands.[2] The Times Online reports in 2009 that work on The World had been suspended due to the effects of the global financial crisis.[3][4]

Concept

The World was serviced by four major transportation hubs linked by waterways. Land parcels are zoned for various uses: estate, mid density, high density, resorts and commercial. [5] A Dubai Infinity Holdings construction planner has stated that developers have been negotiating with Nakheel about temporary siting of a cement batching plant on one of the islands to supply subdivided construction. [6]

Utilities are routed underwater, with water plants at each of the hubs pumping fresh water to the islands. Power is supplied by the Dubai Grid and distributed through underwater cables. Waste water and refuse systems are an individual concern for each island.[5]

The World's model island and first structure
  • Nakheel Group is itself further developing a resort named Coral Island over 20 islands that make up the North American part of The World. The low-rise development will include a marina and hotel village.[7]
  • The second largest confirmed development is the purchase of 14 islands that make up Australia and New Zealand by Investment Dar of Kuwait. The islands are being terraformed to be developed as a resort named OQYANA.[8]
  • Irish business consortium Larionovo had plans to develop the Ireland island into an Irish-themed resort.[9] The plans include a large internal marina, apartments and villas, a gym, hotel, and an Irish-themed pub. In July 2007 it was announced that the Ireland Island would feature a recreation of Northern Ireland's famous Giants Causeway. However on 25th November 2008 a provisional liquidator was appointed to Larionovo.[10]


In April 2008, Salya Corporation announced that it had acquired the islands of Finland and Brunei in The World and planned to develop them into fashion-themed resorts. Salya spent about Dh800 million ($218 million USD) to purchase the islands and plans to spend a further Dh2.4 billion ($654 million USD) on development. Brunei Island will be turned into a Fashion TV resort and Finland Island will be turned into a fashion community called FTV palace.[11]

The islands of Great Britain and Moscow on The World were acquired by Premier Real Estate Bureau in the Summer of 2008. The news was leaked in a Daily Mail article of January 2009, refuting claims that Great Britain was owned by Irish investor John Dolan, Richard Branson or Rod Stewart. [12] Safi Qurashi, the multi-millionaire entrepreneur at the head of Premier has received a lot of interest as the new owner of Great Britain, following his appearance on a UK ITV1 Piers Morgan show about Dubai. Coming from humble roots in South London, the "Balham Boy" and his business partner Mustafa Nagri, paid an estimated $64 million USD for the 11 acre piece of land. Premier are planning to build a sustainable community on the island. British soul singer Mica Paris was submerged off the coast of the Great Britain island in March 2009 to promote fresh water charity Fresh2o.[13]


Developments on The World

Undeveloped islands on 1 May 2007

Since the project's commencement, there have been many unconfirmed reports of celebrities who have purchased, or intend to purchase, islands.

  • Fijian golfer Vijay Singh has been linked to the archipelago, but it is not confirmed that he has bought or intends to buy an island; he is however involved with another Nakheel Properties development in Jumeirah on the Dubai mainland.[15]

Timeline of Construction

  • May 2003: The World development announced by Nakheel, total completion scheduled for 2008. Initially to have 200 islands and an area of 60 million square feet.[18]
  • February 2004: It was announced that The World will comprises of 260 islands, and its area will be 6 km by 9 km, area of 250 - 900 thousand square feet for each island, with 50-100 meters of water between each island.[19]
  • August 2004: It was announced that land reclamation will cost at AED 7.3 billion ($2 billion).[20]
  • April 2005: Sand dredging 55 percent completed, 88 islands have been completed.[21]
  • December 2006: The World reclamation 90 percent completed.[22]
  • October 2007: Nakheel announced the sale of Ireland, and Shanghai in October 2007.[23]
  • January 2008: - The World breakwater is completed.[24]
  • 19 February 2008: Cinnovation Group has acquired a 37,000 square metres (400,000 sq ft) island as part of a project valued at $200 million USD. Guest and residential villas and a hospitality complex are planned.[25]
  • 25 February 2008: Dubai Multi Commodities Centre will establish a 6,000 square metres (65,000 sq ft) pearling and marine entertainment center in association with Paspaley Pearling Corporation. It will be located on an island in the Antarctic region of The World.[26]
  • 28 December 2008:Turkey island was bought by Turkey's MNG Holdings in June 2008 for just under $20 million USD.[27]
  • 28 December 2008: China's Zhongzhou International will be developing a hotel resort on Shanghai island. The island was bought for $28 million USD.[28]
  • 28 December 2008: Nakheel says 70 percent of The World has been sold.[29]
  • September 2008:Dubai's Limitless announced plans in September 2008 to develop a $161 million USD wellness resort on an island in "Siberia". Pearl Dubai paid $27.2 million USD for a 1,600,000-square-foot (150,000 m2) island nearby.[30]
  • October 2009: An Emirates Business report on 13 October 2009 that 2 islands were sold at about AED 240m, $65 million each in July and August 2009.[31]
  • December 2009:Dubai based Kleindienst Group say they will start construction of the Heart of Europe in early 2010 according to a press report of 17 December 2009. Islands include Austria, Germany, Netherlands, St Petersburg, Sweden and Switzerland.[32]
  • January 2010: On 28 January 2010 Emirates Business reported that Major Trade have started development of their projects on an island in the Greenland area, a villa and hotel resort.[33]
  • 23 February 2010:Dubai-based Kleindienst Group starts work on the Germany island of The World according to a press release on 24 February 2010.[34]

See also

Wikimedia Commons has media related to The World.

References

  1. ^ a b c d e f g "Dubai's Palm and World Islands - progress update". AMEInfo. 2007-10-04. Retrieved 2008-02-02. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  2. ^ a b c d e f "The World islands in Dubai complete". ArabianBusiness.com. 2008-01-10. Retrieved 2008-02-02. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  3. ^ "Credit crunch signals end of The World for Dubai's multi-billion dollar property deal". Times Online UK. September 12, 2009. Retrieved 2009-11-28.
  4. ^ Johann Hari (2009-04-07). "The dark side of Dubai". The Independent. Retrieved 2009-05-16.
  5. ^ a b Nakheel. "The World Video Gallery".
  6. ^ The National Newspaper. "'The World' three-quarters sold out".
  7. ^ "Nakheel unveils super-luxury resort at Coral Island of The World". National Media Council UAE. 2007-03-05. Retrieved 2008-03-26.
  8. ^ "Nakheel sells Australasia segment of The World". AsiaTravelTips.com. 2005-04-13. Retrieved 2006-12-29.
  9. ^ "The Island of Ireland". Retrieved 2007-07-23.
  10. ^ "Larionovo".
  11. ^ "World's Finland and Brunei to be hub of fashion". Emirates Business 24|7. 2008-04-24. Retrieved 2008-04-27.
  12. ^ "Homesick Balham boy buys Britain-shaped island for £43m". Daily Mail. Retrieved 2009-04-08.
  13. ^ "Buxom Mica Paris flaunts her curves as she takes a dip in clinging gown on charity shoot in Dubai". Daily Mail. Retrieved 2009-08-04.
  14. ^ "Sir Richard Branson 'Stakes his Claim' on The World in Dubai". AsiaTravelTips.com. 2006-03-30. Retrieved 2006-12-29.
  15. ^ "Vijay 'Singhs' Dubai's praises during visit to Nakheel developments". Property World Middle East. 2006-01-30. Retrieved 2006-12-27.
  16. ^ "Schumacher given an island by Dubai prince". Yahoo! Sport. 2006-10-24. Retrieved 2006-12-29.
  17. ^ "Brangelina buy island in shape of Ethiopia". Ninemsn entertainment. 2007-11-15. Retrieved 2007-11-15.
  18. ^ http://www.dubaifaqs.com/the-world-dubai.php
  19. ^ http://www.dubaifaqs.com/the-world-dubai.php
  20. ^ http://www.dubaifaqs.com/the-world-dubai.php
  21. ^ http://www.dubaifaqs.com/the-world-dubai.php
  22. ^ http://www.dubaifaqs.com/the-world-dubai.php
  23. ^ http://www.dubaifaqs.com/the-world-dubai.php
  24. ^ http://www.dubaifaqs.com/the-world-dubai.php
  25. ^ http://www.europe-re.com/system/main.php?pageid=2343&articleid=10631
  26. ^ http://www.ameinfo.com/148011.html
  27. ^ http://www.thenational.ae/apps/pbcs.dll/article?AID=/20081228/BUSINESS/732728603/-1/SPORT
  28. ^ http://www.thenational.ae/apps/pbcs.dll/article?AID=/20081228/BUSINESS/732728603/-1/SPORT
  29. ^ http://www.dubaifaqs.com/the-world-dubai.php
  30. ^ http://www.thenational.ae/apps/pbcs.dll/article?AID=/20081228/BUSINESS/732728603/-1/SPORT
  31. ^ http://www.dubaifaqs.com/the-world-dubai.php
  32. ^ http://www.dubaifaqs.com/the-world-dubai.php
  33. ^ http://www.dubaifaqs.com/the-world-dubai.php
  34. ^ http://www.ameinfo.com/225097.html

25°13′00″N 55°10′00″E / 25.21667°N 55.16667°E / 25.21667; 55.16667

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