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Work on ‘The World’ on schedule, says Nakheel

United Arab Emirates: Sunday, August 22 - 2004 @ 13:07

While the island representing the UAE was the first to break the surface of the Arabian Gulf in March, earlier this year, several other land masses in the project have since been reclaimed or currently are in various stages of completion.

“With several land masses in the geographic area comprising Eurasia and North America having already emerged above water, the entire development has clearly begun to take shape”, stated Sultan Ahmed Bin Sulayem, Chairman of Nakheel. “In addition to two completed islands, work is rapidly progressing on all the continents. Construction of the main protective breakwater is well underway too,” he added.

Each of the islands in The World is being reclaimed from a depth of up to a minus sixteen (-16) metres below the water’s surface, and will be further developed to a height of plus three (+3) metres above water, as dredging work continues.

“The World is a very original and very ambitious project with very challenging deadlines, to say the least. I am pleased to report that not only is Nakheel well on course to meet these deadlines, but also, that in many instances, we are ahead of them. Every week sees the achievement of new milestones in the development of this unique project,” Sulayem stated.

The design of The World incorporates a cluster of 300 man-made islands strategically positioned to form the shape of the world map, with a protective breakwater on its perimeters.

While the leeward breakwater is designed as a submerged reef, the main or “shamal” breakwater will be raised above water, with both offering protection from long and cross shore waves. Shelter provided by these breakwaters is will also attract and retain a wealth of marine life.

Positioned as one of the most exclusive property developments in Dubai and around the globe, The World is available for either private or commercial use. Commenting on the ongoing sales, Sulayem said, “The World offers a distinctly unique proposition to potential buyers. Apart from the obvious attractions of year-round sunshine, island living, stunning scenery, tax-free lifestyle, and security, what The World offers is a once-in-a-lifetime opportunity to own an island.”

Nakheel has forecast radically different developments taking place on the islands of The World – ranging from luxurious private villas, to exotic theme parks and super deluxe five star hotels. “The ideas we have been presented encompass everything from private estates to public facilities,” said Sulayem.

The reclamation development of The World is estimated at US$ 2 billion, and is located four kilometres offshore from Dubai, at a point halfway between The Palm – Jumeirah and Port Rashid.

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Sunday, August 22- 2004 @ 13:07 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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