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Nakheel The World island archipelago group in Dubai

The World by Nakheel in Dubai. List of islands, developments, projects with owner name, date announced, project value, completion date, status (where information is available).

Scheduled or estimated completion dates in this table are unlikely to be realistic, especially as we march on through 2009 with little evidence of construction starting anywhere on The World, and various companies delay or put projects on hold as the global financial crisis and downturn in the Dubai property market prompts developers to pause for thought.

• If no entry in the status column, assume project is in the planning stages only, and don't hold your breath about any estimated completion dates unless some sort of construction work has actually started.

List of property developments and projects planned for The World by Nakheel

Island (s)	Plot Ref	Owner (*rumoured or unconfirmed)	Date (information)	Value (island)	Project Name	Value (project)	Completion (planned)	Status February 2010
		City-D Development / Stars Dome Realty	May 2008		Pangkor Laut		2010
		*David Beckham - unconfirmed
		*Scandanavian shipping company
		*Vijay Singh, Fiji
Unknown		Architect Diseño Earle			Kezhma Island residences
Antarctica		Dubai Multi Commodities Center	Feb 2008		Pearls of Arabia		2010
Antartica		*Michael Schumacher	Oct 2006	$7m
Asia, North	D51	VC Bank (developer World Development Co.)	May 2008		VC Bank resort	Dh1.5 bn	end 2010
Australia		Investment Dar, Kuwait (14 islands)	Apr 2005		Oqyana	$3.5 bn
Austria		Josef Kleindienst / Kleindienst Group, Austria			"Heart of Europe"
Beijing		*Bin Hu, China
Brunei		Salya Corporation	Apr 2008	Dh400m*	FTV resort*	Dh1.2 bn*	2011
Canada		Nakheel (20 islands)	May 2007		Coral Island		2010
Canada		All islands sold (Aug 2007 news)
China	D43	Oasis Group, island Huainan?	Jul 2008		Lynncoln World Island Resort		2010
Ecuador		ACI Real Estate (Germany)	Feb 2008		Leisure Resort	AED 2 bn
England		John O'Dolan & 10 others (Irish Times)	Sep 2008	$30.4m	"Greater Britain"?
Ethiopia		*Brad Pitt & Angelina Jolie - denied	Nov 2007
Finland		Salya Corporation	Apr 2008	Dh400m*	FTV Palace*	Dh1.2 bn*	2011
France		Select Group Select Property JV	Jun 2008		Aquitainia	Dh5.5 bn	2012 2013
Germany		Kleindienst Group	Dec 2009		"Heart of Europe"			Started Feb 2010?
Great Britain		*Richard Branson - denied	Mar 2006
Great Britain		*Rod Steward - unconfirmed
Great Britain		SafMus Holdings (Jan 2009 report)		$63.3m	Britain The World		2014
Greece	E16	Baron Jean van Gysel de Meise	Aug 2007	$15.5m	V.Greece	$260m	2010
Greenland	G19	Sheikh Mohammed / Nakheel			Villa		2005	Completed
Greenland		Dubai Infinity Holdings (designer Karl Lagerfeld)	Jan 2008	$30m+	Isla Moda (Fashion Island)		2012
Greenland		Nakheel (tentative, GN report 11 Oct 2009)			One&Only Hotel Resort
Greenland		Major Trade - boutique hotel and residential villas	Feb 2010					Started Jan 2010?
Hong Kong		*Bin Hu, China
Huainan		*Bin Hu, China
Huainan? China	D43	Oasis Group	Nov 2008		Oasis resort Dubai (?)
Ireland		Larionovo, Ireland		Dh142m	Ireland in the Sun
Kathmandu
Kazakhstan		Stars Dome Realty (sales agent)	2007		Pangkor Laut		2012
Lebanon		Wakil Ahmed Azmi	Sep 2011	AED 32m	Royal Island Beach Club	AED 38m	Feb 2012
Madagascar	B4				Madagascar Dubai?
Macao		*Bin Hu, China
Malaysia	D38	with Sumatra island ($60m?), Harshit Kantaria		$22m	Isola di Portofino
Monte Carlo					Heart of Europe
Markovo, Asia		Not sold? Large 247 m sq meters		$263m
Moscow		SafMus Holdings	2007?		Moscow The World		2015
Nanjing		*Bin Hu, China
Netherlands		Kleindienst Group	Dec 2009		"Heart of Europe"
New York		For sale (January 2009)?		$35m
New Zealand		Investment Dar, Kuwait (14 islands)	Apr 2005		Oqyana	$3.5 bn
Novaya Zemlya		Cinnovation Group, Singapore	Feb 2008		Nova Island Resort & Spa	$200 m
Orenburg		Perseus Property Management	2005		Perseus Resort		2010
Rostov		Perseus Property Management	2005		Perseus Resort		2010
Sapporo
Shanghai		Mr Bin Hu, Zhongzhou International President	Oct 2007	$28m	Hotel resort & villas
Siberia		Limitless (project under review - 12 July 2009)	Sep 2008		World Island Resort	$350m	2010
Siberia		Pearl Dubai, 1.6m sq ft island	2008?	Dh100m	Archangel
Somalia		Opulence Holdings	Nov 2007		Jal Aashwa	Dh1 bn
Spain		Select Group / Select Property JV	Jun 2008		Aquitania	Dh5.5bn	2012 2013
South America		Seven Tides (10 islands)
St Petersburg		Kleindienst Group			"Heart of Europe"
Sumatra	D88	with Malaysia island ($60m?), Harshit Kantaria		$22m	Isola di Portifino
Sweden		Kleindienst Group			"Heart of Europe"
Switzerland		Kleindienst Group			"Heart of Europe"
Taiwan		*Chinese company, or AA Properties Dubai?
Thailand		Profile Real Estate, Dubai ($16m?)	Sep 2006	$20m	Jasmine Gardens	$110m	2011	Cancelled?
Turkey		Günal Insaat, MNG Holding	Jun 2008	$50m	Turkey, The World
USA		All islands sold (Aug 2007 news)
Zanzibar		*One and Only	Jun 2006		resort

Details of development on The World (some)

Coral Island (North America)

• Coral Island development by Nakheel on the Canada islands. Launched in 2007, luxury resort, area 73 hectares, 20 islands, 9.5 km of beach, 150 room hotel, marina. Accommodation includes 300 beach villas, townhouses, water-homes.
• One&Only Coral Island, The World - hotel resort, project cancelled in 2008 as a result of the financial crisis according to Arabian Business report 23 May 2012.

Heart of Europe by Kleindienst Group (Bloomberg report 03 August 2010)

• Six islands - Austria, Germany, Monte Carlo (?), Netherlands (Holland) (?), St Petersburg, Sweden, Switzerland. Bought by Joseph Kleindienst in 2006.
• Plans include 6 hotels including a 7-star resort, an aquarium, schools, day-care centres, lighthouses, congress centre, bars & discos, residential villas (and apartments?)? Information from Joaquin Torres Architects architect and design firm.
• "We are still expecting to complete The Heart of Europe by our scheduled date of 2015" - comment from Josef Kleindienst, CEO of Kleindienst Group (Arabian Business 20 January 2011).
• Resort themed after European countries of Austria, Germany, Holland, Russia, Sweden, Switzerland.
• Project value AED 3.1 billion (US$840 million). Total internal area of construction about 500,000 sq meters.
• Hotel Sisi
• Austria - wedding chapel and honeymoon hotel
• Germany - holiday villas costing $1.9 to $5.5 million each, 12 sold as of August 2010.
• Monte Carlo - beach bar and club, opening planned for New Year's Eve end 2010? Delayed to end 2011.
• St Petersburg - residential villas
• Sweden - replica of a European city center, with an air-conditioned street

Royal Island Beach Club - Lebanon Island

• Information moved to Royal Island Beach Club Lebanon page.

Salya Developments

• Fashion themed resort on islands of Finland and Brunei.
• Estimated project cost AED 2.4 billion ($653m).
• Project under review in 2010 according to Salya Managing Director Rakesh Chandola.
• Island of Finland reportedly for sale in February 2011.

Taiwan

• Owner (and developer?) AA Properties in Dubai
• Construction start date planned for late 2010, of 12 beach villas and 3 houses
• Bloomberg report 03 August 2010 said Dubai developer and real-estate broker AA Properties, the owner of the island called Taiwan, plans to start building 12 beach villas and three houses there later this year, partner Jeroen van der Geer said in an interview. The company is completing an agreement with builder Arabtec Holding Co. worth as much as 300 million dirhams, he said.

Thailand - Jasmine Gardens project

• 01 March 2012 - Arabian Business reported that Jasmine Garden might or will be cancelled, saying "A source close to the project has revealed it is now set to be canceled by Dubai’s Real Estate Regulatory Authority (RERA), with an official announcement due shortly."
• August 2011 - rumours of the Jasmine Garden project being cancelled?
• Jasmine Gardens is an Asian themed villa resort complex.

Revised construction schedules for some islands (based on Emirates Business reports 19 October 2009)

• Aquitainia (France & Spain islands) - construction start date 2010 Q1 or Q2, completion by end 2013 (Mark Scott, CEO of Select Property).
• Great Britain island - construction start date before end 2009 implied. Safi Qureshi of Premier Real Estate (owner) reportedly said "It is a matter of days and weeks before the announcement of what we are doing. We will only make the announcement once we start work."
• Finland - reportedly for sale February 2011, AED 63.2m ($17.2m), 17% less than original price of AED 74m (Emirates Business 02 February 2011).
• Kathmandu - reportedly for sale for AED 55.5m ($15.1m) in February 2011.
• Pangkor Laut (Khazakstan island) - main contractor appointment by November 2009, project handover by 2012 (agent Stars Dome Realty, Chief Executive is Sofia Zigangirova).
• Sapporo island reportedly for sale for AED 77.6m ($21.1m), 11.4% less than original price of AED 86.4m (02 February 2011).

Last update Sunday 27-Apr-2014. Page development 1H 2T 3D 4L 5C.

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www.dubaifaqs.com/the-world-dubai-list-of-developments.php (PDF and print version).

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