With the recent controversy and discussion surrounding the Dubai Ports World deal (permitting a port management company located in Dubai, United Arab Emirates to manage several key ports in the US), I thought people would be interested to read about else that’s going on in Dubai, UAE. Real estate developer, Al Nakheel Properties , is expected to complete, this year, The World Islands. And slated within the next three years are another three series of islands called the Palms.
The World Islands will be a series of 250-300 man-made islands shaped like the continents of the world. There will be four categories of islands (private homes, estate homes, dream resorts, and community islands) and each island will be between 250k and 900k sq. ft. with 50-100 meters of water between each island. The sticker price of the islands will start at about $6.85M and the total project will cost $1.8B! Where will this breathtaking wonder be? Apparently 4 km off the shore of Jumeirah between Burj Al Arab and Port Rashid.
Think that’s cool? Al Nakheel also plans on making three other groupings of islands, their Palm series  – named after their configuration which will be made to look like a date palm tree. The Palm Jumeirah, Palm Jebel Ali, and Palm Deira are all slated to be done in the next three years.
You can kill an entire afternoon looking at the floor plans, photos, and financing options from HSBC. 🙂