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The World (archipelago)

The World Islands (Arabic: جزر العالم; Juzur al-Ālam) are an archipelago of small artificial islands constructed in the shape of a world map, located in the waters of the Persian Gulf, 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, and the project was originally conceived by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai. The construction was done by two Dutch (joint venture) specialist companies, Van Oord and Boskalis. The same companies also created the Palm Jumeirah.

The World Islands (Dubai)
View of The World in 2010
Geography
LocationUnited Arab Emirates
Coordinates25°13′00″N 55°10′00″E / 25.21667°N 55.16667°E / 25.21667; 55.16667
ArchipelagoThe World
Length9 km (5.6 mi)
Width6 km (3.7 mi)
Administration
The development's logo

Construction of the 300 islands began in 2003, before being halted due to the financial crisis of 2007–2008.[2] Though 60% of the islands were sold to private contractors in 2008, development on most of the islands has not started.[3] As of July 2012, Lebanon Island was developed and was the only island that had so far been developed commercially, being used for private corporate events and public parties. As of late 2013, only two of the islands had been developed. In January 2014, Kleindienst Group announced the launch of "The Heart of Europe" project;[4] by February 2014, JK Properties, one of Kleindienst Group's brands, announced that the project was "well underway".[5] The first of these series of islands will be Europe, Sweden and Germany with development led by Kleindienst Group.

The World Project edit

Islands in the project range from 1.4 to 4.2 hectares (3.5 to 10.4 acres) in area.[1] Distances between islands average 100 metres (110 yd); they are constructed from 321 million cubic metres of sand and 386 million tons of rock.[1] Designed by Creative Kingdom Dubai, the development is an area that covers 6 by 9 kilometres (3.7 by 5.6 mi) and is surrounded by an oval-shaped breakwater island. Roughly 232 km (144 mi) of shoreline was created. The World's overall development costs were estimated at $13 billion CAD in 2005.[citation needed]

The archipelago consists of seven sets of islands, representing the continents of Europe, Africa, Asia, North America, South America, Antarctica, and Oceania.[6] Each artificial island is named after its representative country, landmark, or region such as the France,[7] California,[8] Mount Everest,[9] Australia,[10] New Mexico,[11] Upernavik,[12] Buenos Aires,[13] New York,[14] Mexico,[15] St. Petersburg[16] and India.[17]

History edit

The project was unveiled in May 2003 by Sheikh Mohammed[18] and dredging began four months later in September 2003.[18] By January 2008, 60% of the islands were sold, 20 of which were bought in the first four months of 2007.[1][18] On 10 January 2008 the final stone on the breakwater was laid, completing development of the archipelago.[18] As of July 2012, a second island, the Lebanon Island (1.5 hectares or 15,045.01 m2 and 482.21 metres of perimeter) was developed and was 'the only island that has so far been developed commercially, is used for private corporate events and public parties.' [19]

Project difficulties edit

The Times Online reported in September 2009 that work on The World had been suspended due to the effects of the global financial crisis.[20][21] Nakheel denied 2010 reports that the islands were sinking into the sea as wholly inaccurate.[22] Despite the denial, The Daily Telegraph reported in January 2011 that an independent company, Penguin Marine, provided verification on the erosion of the islands and the silting of the passageways between the islands.[23] Due to finance and technical problems, Penguin Marine, the company contracted to provide transportation to the archipelago, is attempting to get out of the annual fees of $1.6 million paid to Nakheel properties.[23]

Until early 2012, only one of the islands had been occupied by a building (a show home) on it,[2] and commercial or residential properties were not currently being constructed on any of the other islands. Property prices in the Emirates had fallen 58% from their peak in the fourth quarter of 2008.[24] The world economic recovery from the Great Recession has resulted in a rebound for the Dubai real estate market: it has been reported that "residential prices [in Dubai] rose by 17.9% from August 2012 to 2013, while rents soared by 14.9% in the same period."[25]

Purchase and development plans edit

 
The World 2010 (aerial view)

The World was supposed to be serviced by four major transportation hubs linked by waterways. Land parcels are supposedly zoned for various uses: estate, mid density, high density, resorts and commercial.[26] 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.[27]

The plan was for utilities to be routed under water, with pumping stations at each of the hubs pumping fresh water to the islands. Power was to be supplied by the Dubai Grid and distributed through underwater cables, however as of February 2015 no cables had been laid, so that developers currently have to provide their own power from diesel generators. Wastewater and refuse systems are an individual concern for each island.[26]

 
An island owned by 7 time Formula One world champion Michael Schumacher, given to him by the Crown Prince of Dubai at the time, Sheik Mohammed bin Rashid Al Maktoum.

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.[28] 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.[29]

Irish business consortium Larionovo had plans to develop the Ireland island into an Irish-themed resort.[30] 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 Giant's Causeway. However, on the 25th of November 2008, a provisional liquidator was appointed to Larionovo. As of October 2022, this has not happened.[31] The islands of Great Britain and Moscow on The World were acquired by Premier Real Estate Bureau in the Summer of 2008.[citation needed]

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 (US$218 million) to purchase the islands and plans to spend a further Dh2.4 billion (US$654 million) 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. [32]

Safi Qurashi, the seven-time multi-millionaire entrepreneur [33] at the head of Premier, and his business partner Mustafa Nagri, paid an estimated US$64 million for the 4.5-hectare (11-acre) piece of land; he was later convicted for non-payment of cheques and sentenced to seven years in jail.[34] However, on appeal he was later found not guilty and released from prison in July 2012 when he was declared innocent of two of the three charges.[35][36] On the final charges the civil court final judgment showed he owed no money, was a victim of fraud and vindicated him completely by awarding US$10.8 Million to be paid back to him by his former partner who had defrauded him.[37][38] Safi Qurashi is still the owner of Great Britain Island and continues to live and run his businesses in Dubai and is still confident of developing the Island of Great Britain into a unique destination. This also has not happened as of October 2022.[39]

Josef Kleindienst and his firm JK Properties are developing The Heart of Europe, a collection of seven islands (Germany, Netherlands, Sweden, Ukraine, Main Europe, Switzerland and Monaco) in the European section of the World, into an island luxury resort.[40] The resort is meant to create a fully immersive European experience, with outdoor snow,[41] and stores accepting only the Euro as a currency.[42] It was set to open in 2020, but has been delayed because of the Covid-19 pandemic.[43]

In June 2020, a street called Raining Street was being built as part of the Heart of Europe project, with plans to create artificial rainfall once the outdoor temperature exceeds 27 degrees Celsius, with the objective to make a close copy of the Southern Europe climate.[44]

In December 2022, it was announced that the first hotel of the project, called Cote d'Azur Monaco, had opened.[45]

Timeline of construction edit

 
Undeveloped islands on 1 May 2007
 
Undeveloped islands on 11 April 2015
  • May 2003: The World development was announced by Nakheel, total completion scheduled for 2008. It was initially to have 200 islands and an area of 5,600,000 square metres (60,000,000 sq ft).[46]
  • February 2004: It was announced that The World would comprise 260 islands, and its area would be 6 km by 9 km, with an area of 23–83,613 square metres (250–900,000 sq ft) for each island, with 50–100 m (160–330 ft) of water between each island.[46]
  • August 2004: It was announced that land reclamation would cost at AED 7.3 billion ($2 billion).[46]
  • April 2005: Sand dredging 55 percent complete, 88 islands had been completed.[46]
  • 30 March 2006: Richard Branson appeared at a media conference on the Great Britain island. However, this was to announce direct London-to-Dubai flights by Virgin Atlantic, and was not related to his investing in the project.[47]
  • October 2006: Seven-time Formula One World Champion Michael Schumacher was presented with one of the islands by Mohammed bin Rashid Al Maktoum on the occasion of his final Grand Prix, in Brazil. Schumacher's manager Willi Weber, suggested, "Perhaps he'll build a kart racing track on [the island].[46]
  • December 2006: The World reclamation 90 percent complete.[46]
  • October 2007: Nakheel announced the sale of Ireland, and Shanghai in October 2007.[46]
  • 15 November 2007: Brad Pitt and Angelina Jolie were reported to have purchased the island Ethiopia.[according to whom?] The claim has since been refuted.[48]
  • January 2008: The World breakwater is completed.[46]
  • 19 February 2008: Cinnovation Group acquired a 37,000-square-metre (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.[49]
 
Taken from the International Space Station in 2010
 
Taken from the Hodoyoshi-1 satellite in 2016
 
Taken from the International Space Station in 2022
  • 25 February 2008: Dubai Multi Commodities Centre announced that it will establish a 6,000-square-metre (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.[50]
  • September 2008: Dubai's Limitless announced plans to develop a $161 million USD wellness resort on an island in "Siberia". Pearl Dubai paid US$27.2 million for a 150,000-square-metre (1,600,000 sq ft) island nearby.[51]
  • 28 December 2008: Turkey Island was bought by MNG Holding in June 2008 for US$19 million.[51]
  • 28 December 2008: China's Zhongzhou International announced that it will be developing a hotel resort on Shanghai island.[51]
  • 28 December 2008: Nakheel said 70 percent of The World had been sold.[46]
  • October 2009: An Emirates Business report on 13 October 2009 that 2 islands were sold in July and August 2009.[46]
  • December 2009: Dubai based Kleindienst Group said they would start construction of the Heart of Europe in early 2010, according to a press report of 17 December 2009. Islands include Austria, Germany, Netherlands, Ukraine, Sweden and Switzerland.[46]
  • January 2010: On 28 January 2010 Emirates Business reported that Major Trade had started development of their projects on an island in the Greenland area, a villa and hotel resort.[46]
  • 23 February 2010: Dubai-based Kleindienst Group started work on the Germany island of The World, according to a press release on 24 February 2010.[52]
  • 17 July 2012: The Royal Island Beach Club opened on Lebanon Island.
  • 6 May 2013: Nakheel announces that an out of court settlement has been reached between itself and developer Kleindienst Group, allowing construction on "The Heart of Europe" to resume.[53]
  • 10 June 2013: Construction began on the island Taiwan.[54]
  • 2 July 2013: Nakheel announces that settlements "with São Paulo Development Ltd for São Paulo Island and a GCC investor for the purchase of Nord Island", totaling "AED 185 million", along with the earlier out of court settlement with Kleindienst Group (valued at AED 622 million) have "put The World back on the map".[55]
 
The World islands map, annotated with existing developments
  • 10 December 2013: Nakheel announced plans to connect the islands with a road.[56]
  • January 2014: Kleindienst Group's JK Properties announces that "work has commenced on The Heart of Europe".[57]
  • January 2014: Website "The Heart of Europe" publishes monthly construction updates for the project.[58]
  • February 2014: JK Properties announces that the "Heart of Europe" islands construction is "well underway".[59]
  • 7 December 2016: The Heart of Europe project makes major progress when the Dubai-based company JK Bauen, part of the Kleindienst Group, appointed Chinese-based companies Wuchang Ship Building Industry Group and Sino Great Wall International Engineering in a joint venture to develop facilities on the six islands.[60]

See also edit

References edit

  1. ^ a b c d e . AMEInfo. 2007-10-04. Archived from the original on 2007-10-11. Retrieved 2008-02-02.
  2. ^ a b SPENCER, RICHARD (28 January 2011). "'The World' is sinking". Stuff.
  3. ^ Schaffer, Sierra (23 May 2016). . TechMalak. Archived from the original on May 24, 2016.
  4. ^ "Phase two of The Heart of Europe project launched". Khaleej Times. December 17, 2014.
  5. ^ . JK Properties. February 2014. Archived from the original on 2016-03-18. Retrieved 14 March 2014.
  6. ^ "The World Islands". Atlas Obscura. September 26, 2016. Retrieved July 8, 2018.
  7. ^ 186483481 France on OpenStreetMap 25°13′24″N 55°09′34″E / 25.22334°N 55.15937°E / 25.22334; 55.15937 (France)
  8. ^ 2713321 (x a j h) California on OpenStreetMap 25°12′11″N 55°08′38″E / 25.20300°N 55.14376°E / 25.20300; 55.14376 (California)
  9. ^ 87185503 Mount Everest on OpenStreetMap 25°14′13″N 55°10′31″E / 25.23683°N 55.17535°E / 25.23683; 55.17535 (Mount Everest)
  10. ^ 87185938 Australia on OpenStreetMap 25°13′53″N 55°11′40″E / 25.23149°N 55.19435°E / 25.23149; 55.19435 (Australia)
  11. ^ 8402261 (x a j h) New Mexico on OpenStreetMap 25°12′05″N 55°09′06″E / 25.201379°N 55.151797°E / 25.201379; 55.151797 (New Mexico)
  12. ^ 87184344 Upernavik on OpenStreetMap 25°13′17″N 55°08′22″E / 25.22142°N 55.13939°E / 25.22142; 55.13939 (Upernavik)
  13. ^ 202033673 Buenos Aires on OpenStreetMap 25°12′04″N 55°10′10″E / 25.20106°N 55.1695°E / 25.20106; 55.1695 (Buenos Aires)
  14. ^ 87184265 New York on OpenStreetMap 25°12′51″N 55°09′04″E / 25.21421°N 55.15101°E / 25.21421; 55.15101 (New York)
  15. ^ 8402263 (x a j h) Mexico on OpenStreetMap 25°12′07″N 55°09′16″E / 25.201824°N 55.154394°E / 25.201824; 55.154394 (Mexico)
  16. ^ 200489433 St. Petersburg on OpenStreetMap 25°14′05″N 55°09′53″E / 25.23475°N 55.16479°E / 25.23475; 55.16479 (St. Petersburg)
  17. ^ 170773643 India on OpenStreetMap 25°13′52″N 55°10′47″E / 25.23110°N 55.1796°E / 25.23110; 55.1796 (India)
  18. ^ a b c d . ArabianBusiness.com. 2008-01-10. Archived from the original on January 11, 2008. Retrieved 2008-02-02.
  19. ^ Simpson, Colin (May 9, 2013). "The World is back on Dubai's map". The National News.
  20. ^ McLean, James (September 12, 2009). "Credit crunch signals end of The World for Dubai's multi-billion dollar property deal". The Times.
  21. ^ Hari, Johann (April 7, 2009). "The dark side of Dubai". The Independent. Archived from the original on 2022-05-07.
  22. ^ Shane McGinley (February 4, 2010). . Arabian Business. Archived from the original on February 6, 2010.
  23. ^ a b Spencer, Richard (January 20, 2011). "The World is sinking: Dubai islands 'falling into the sea'". The Daily Telegraph.
  24. ^ . Kompas.com. Archived from the original on January 24, 2011. Retrieved 6 January 2012.
  25. ^ "JK Properties Monthly Newsletter (Nov. 2013) "A BRIGHT OUTLOOK FOR DUBAI'S PROPERTY MARKET"". JK Properties. November 2013. Archived from the original on March 14, 2014. Retrieved 14 March 2014.
  26. ^ a b Nakheel. . Archived from the original on June 22, 2008.
  27. ^ The National Newspaper. "'The World' three-quarters sold out".
  28. ^ . National Media Council UAE. 2007-03-05. Archived from the original on April 26, 2008. Retrieved 2008-03-26.
  29. ^ "Nakheel sells Australasia segment of The World". AsiaTravelTips.com. 2005-04-13. Retrieved 2006-12-29.
  30. ^ "The Island of Ireland". Retrieved 2007-07-23.
  31. ^ "Larionovo".
  32. ^ . Emirates Business 24/7. 2008-04-24. Archived from the original on March 4, 2016. Retrieved 2008-04-27.
  33. ^ Leftly, Mark. Anger over pay is just the free market in action, The Independent 10 June 2012
  34. ^ Syal, Rajeev (2010-07-23). "Owner of Dubai's 'little Britain' jailed for non-payment of cheques". The Guardian. London.
  35. ^ McGinley, Shane (2012-07-23). "EXCLUSIVE: Two Safi Qurashi judgements quashed". Arabian Business. Dubai.
  36. ^ Hyslop, Leah (2012-07-24). "Briton Safi Qurashi has convictions overturned in Dubai". The Telegraph. London.
  37. ^ Valdini, Claire (2013-02-13). "Dubai's Safi Qurashi cleared of bouncing $2.7m cheque". Arabian Business. Dubai.
  38. ^ Fernandez, Ashford (2013-12-04). "Safi Qurashi's former partner ordered to repay $10.8m by Dubai court". Arabian Business. Dubai.
  39. ^ Raven, Hannah (2015-01-17). "Interview: Not the End of the World, Safi Qurashi". Construction Week. Dubai.
  40. ^ "The Heart of Europe". Retrieved 14 February 2016.
  41. ^ "Heart of Europe in Dubai: Streets with snow". Emirates 24/7. 20 January 2014. Retrieved 14 February 2016.
  42. ^ . 7Days. Archived from the original on August 14, 2015. Retrieved 14 February 2016.
  43. ^ "Dubai's The World islands: inside the first 'country' set to open at The Heart of Europe". The National. Retrieved 2019-10-01.
  44. ^ "Dubai to construct 'Raining Street' where it pours down all year round". The National. 23 June 2020. Retrieved 5 July 2020.
  45. ^ "Heart of Europe's first hotel opens for bookings 13 years after being unveiled". Hotelier.com. 30 November 2022. Retrieved 16 October 2023.
  46. ^ a b c d e f g h i j k l Dubai FAQs. "The World Dubai". Dubaifaqs.com. Retrieved 2012-07-07.
  47. ^ smh (2006-03-30). "Sir Richard Branson 'Stakes his Claim' on The World in Dubai". Asiatraveltips.com. Retrieved 2012-07-07.
  48. ^ Jacobs, Frank (2014-10-30). "The World (Under Construction)". BigThink. The Big Think, Inc. Retrieved 22 December 2015.
  49. ^ . Europe-re.com. 2010-06-01. Archived from the original on July 10, 2011. Retrieved 2012-07-07.
  50. ^ . AMEinfo.com. 2012-06-20. Archived from the original on September 29, 2012. Retrieved 2012-07-07.
  51. ^ a b c - Saturday (2012-06-06). "'The World' three-quarters sold out - The National". Thenational.ae. Retrieved 2012-07-07.
  52. ^ . AMEinfo.com. 2012-06-20. Archived from the original on October 4, 2012. Retrieved 2012-07-07.
  53. ^ . Nakheel PJSC. 6 May 2013. Archived from the original on March 14, 2014. Retrieved 14 March 2014.
  54. ^ System Administrator. "Dubai's The World: Construction on Taiwan begins post-Ramadan". Emirates 24-7. Retrieved 18 April 2016.
  55. ^ . Nakheel PJSC. 2 July 2013. Archived from the original on November 3, 2013. Retrieved 14 March 2014.
  56. ^ . Archived from the original on January 6, 2014. Retrieved 18 April 2016.
  57. ^ "JK Properties Monthly Newsletter (January 2014), "KLEINDIENST GROUP LAUNCHES ICONIC THE HEART OF EUROPE PROJECT"". JK Properties. January 2014. Archived from the original on March 14, 2014. Retrieved 14 March 2014.
  58. ^ "The Heart of Europe - Construction Updates". The Heart of Europe. January 2014. Archived from the original on March 14, 2014. Retrieved 14 March 2014.
  59. ^ "JK Properties Newsletter (February 2014), "The Construction of the Heart of Europe Islands is Now Well Underway"". JK Properties. February 2014. Archived from the original on March 14, 2014. Retrieved 14 March 2014.
  60. ^ Fahy, Michael (7 December 2016). "Heart of Europe development at The World Islands off Dubai coast takes major step forward | The National". The National.

External links edit

  • Nakheel.com: The World
  • "The Heart of Europe" website

world, archipelago, world, islands, arabic, جزر, العالم, juzur, Ālam, archipelago, small, artificial, islands, constructed, shape, world, located, waters, persian, gulf, coast, dubai, united, arab, emirates, world, islands, composed, mainly, sand, dredged, fro. The World Islands Arabic جزر العالم Juzur al Alam are an archipelago of small artificial islands constructed in the shape of a world map located in the waters of the Persian Gulf 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 and the project was originally conceived by Sheikh Mohammed bin Rashid Al Maktoum the ruler of Dubai The construction was done by two Dutch joint venture specialist companies Van Oord and Boskalis The same companies also created the Palm Jumeirah The World Islands Dubai View of The World in 2010GeographyLocationUnited Arab EmiratesCoordinates25 13 00 N 55 10 00 E 25 21667 N 55 16667 E 25 21667 55 16667ArchipelagoThe WorldLength9 km 5 6 mi Width6 km 3 7 mi AdministrationUnited Arab EmiratesThe development s logoConstruction of the 300 islands began in 2003 before being halted due to the financial crisis of 2007 2008 2 Though 60 of the islands were sold to private contractors in 2008 development on most of the islands has not started 3 As of July 2012 Lebanon Island was developed and was the only island that had so far been developed commercially being used for private corporate events and public parties As of late 2013 only two of the islands had been developed In January 2014 Kleindienst Group announced the launch of The Heart of Europe project 4 by February 2014 JK Properties one of Kleindienst Group s brands announced that the project was well underway 5 The first of these series of islands will be Europe Sweden and Germany with development led by Kleindienst Group Contents 1 The World Project 2 History 2 1 Project difficulties 2 2 Purchase and development plans 3 Timeline of construction 4 See also 5 References 6 External linksThe World Project editIslands in the project range from 1 4 to 4 2 hectares 3 5 to 10 4 acres in area 1 Distances between islands average 100 metres 110 yd they are constructed from 321 million cubic metres of sand and 386 million tons of rock 1 Designed by Creative Kingdom Dubai the development is an area that covers 6 by 9 kilometres 3 7 by 5 6 mi and is surrounded by an oval shaped breakwater island Roughly 232 km 144 mi of shoreline was created The World s overall development costs were estimated at 13 billion CAD in 2005 citation needed The archipelago consists of seven sets of islands representing the continents of Europe Africa Asia North America South America Antarctica and Oceania 6 Each artificial island is named after its representative country landmark or region such as the France 7 California 8 Mount Everest 9 Australia 10 New Mexico 11 Upernavik 12 Buenos Aires 13 New York 14 Mexico 15 St Petersburg 16 and India 17 History editThe project was unveiled in May 2003 by Sheikh Mohammed 18 and dredging began four months later in September 2003 18 By January 2008 60 of the islands were sold 20 of which were bought in the first four months of 2007 1 18 On 10 January 2008 the final stone on the breakwater was laid completing development of the archipelago 18 As of July 2012 a second island the Lebanon Island 1 5 hectares or 15 045 01 m2 and 482 21 metres of perimeter was developed and was the only island that has so far been developed commercially is used for private corporate events and public parties 19 Project difficulties edit The Times Online reported in September 2009 that work on The World had been suspended due to the effects of the global financial crisis 20 21 Nakheel denied 2010 reports that the islands were sinking into the sea as wholly inaccurate 22 Despite the denial The Daily Telegraph reported in January 2011 that an independent company Penguin Marine provided verification on the erosion of the islands and the silting of the passageways between the islands 23 Due to finance and technical problems Penguin Marine the company contracted to provide transportation to the archipelago is attempting to get out of the annual fees of 1 6 million paid to Nakheel properties 23 Until early 2012 only one of the islands had been occupied by a building a show home on it 2 and commercial or residential properties were not currently being constructed on any of the other islands Property prices in the Emirates had fallen 58 from their peak in the fourth quarter of 2008 24 The world economic recovery from the Great Recession has resulted in a rebound for the Dubai real estate market it has been reported that residential prices in Dubai rose by 17 9 from August 2012 to 2013 while rents soared by 14 9 in the same period 25 Purchase and development plans edit nbsp The World 2010 aerial view The World was supposed to be serviced by four major transportation hubs linked by waterways Land parcels are supposedly zoned for various uses estate mid density high density resorts and commercial 26 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 27 The plan was for utilities to be routed under water with pumping stations at each of the hubs pumping fresh water to the islands Power was to be supplied by the Dubai Grid and distributed through underwater cables however as of February 2015 no cables had been laid so that developers currently have to provide their own power from diesel generators Wastewater and refuse systems are an individual concern for each island 26 nbsp An island owned by 7 time Formula One world champion Michael Schumacher given to him by the Crown Prince of Dubai at the time Sheik Mohammed bin Rashid Al Maktoum 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 28 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 29 Irish business consortium Larionovo had plans to develop the Ireland island into an Irish themed resort 30 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 Giant s Causeway However on the 25th of November 2008 a provisional liquidator was appointed to Larionovo As of October 2022 this has not happened 31 The islands of Great Britain and Moscow on The World were acquired by Premier Real Estate Bureau in the Summer of 2008 citation needed 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 US 218 million to purchase the islands and plans to spend a further Dh2 4 billion US 654 million 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 32 Safi Qurashi the seven time multi millionaire entrepreneur 33 at the head of Premier and his business partner Mustafa Nagri paid an estimated US 64 million for the 4 5 hectare 11 acre piece of land he was later convicted for non payment of cheques and sentenced to seven years in jail 34 However on appeal he was later found not guilty and released from prison in July 2012 when he was declared innocent of two of the three charges 35 36 On the final charges the civil court final judgment showed he owed no money was a victim of fraud and vindicated him completely by awarding US 10 8 Million to be paid back to him by his former partner who had defrauded him 37 38 Safi Qurashi is still the owner of Great Britain Island and continues to live and run his businesses in Dubai and is still confident of developing the Island of Great Britain into a unique destination This also has not happened as of October 2022 39 Josef Kleindienst and his firm JK Properties are developing The Heart of Europe a collection of seven islands Germany Netherlands Sweden Ukraine Main Europe Switzerland and Monaco in the European section of the World into an island luxury resort 40 The resort is meant to create a fully immersive European experience with outdoor snow 41 and stores accepting only the Euro as a currency 42 It was set to open in 2020 but has been delayed because of the Covid 19 pandemic 43 In June 2020 a street called Raining Street was being built as part of the Heart of Europe project with plans to create artificial rainfall once the outdoor temperature exceeds 27 degrees Celsius with the objective to make a close copy of the Southern Europe climate 44 In December 2022 it was announced that the first hotel of the project called Cote d Azur Monaco had opened 45 Timeline of construction editThis section needs to be updated The reason given is timeline past 2016 is missing Please help update this article to reflect recent events or newly available information October 2023 See also List of Developments on The World Islands nbsp Undeveloped islands on 1 May 2007 nbsp Undeveloped islands on 11 April 2015May 2003 The World development was announced by Nakheel total completion scheduled for 2008 It was initially to have 200 islands and an area of 5 600 000 square metres 60 000 000 sq ft 46 February 2004 It was announced that The World would comprise 260 islands and its area would be 6 km by 9 km with an area of 23 83 613 square metres 250 900 000 sq ft for each island with 50 100 m 160 330 ft of water between each island 46 August 2004 It was announced that land reclamation would cost at AED 7 3 billion 2 billion 46 April 2005 Sand dredging 55 percent complete 88 islands had been completed 46 30 March 2006 Richard Branson appeared at a media conference on the Great Britain island However this was to announce direct London to Dubai flights by Virgin Atlantic and was not related to his investing in the project 47 October 2006 Seven time Formula One World Champion Michael Schumacher was presented with one of the islands by Mohammed bin Rashid Al Maktoum on the occasion of his final Grand Prix in Brazil Schumacher s manager Willi Weber suggested Perhaps he ll build a kart racing track on the island 46 December 2006 The World reclamation 90 percent complete 46 October 2007 Nakheel announced the sale of Ireland and Shanghai in October 2007 46 15 November 2007 Brad Pitt and Angelina Jolie were reported to have purchased the island Ethiopia according to whom The claim has since been refuted 48 January 2008 The World breakwater is completed 46 19 February 2008 Cinnovation Group acquired a 37 000 square metre 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 49 nbsp Taken from the International Space Station in 2010 nbsp Taken from the Hodoyoshi 1 satellite in 2016 nbsp Taken from the International Space Station in 202225 February 2008 Dubai Multi Commodities Centre announced that it will establish a 6 000 square metre 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 50 September 2008 Dubai s Limitless announced plans to develop a 161 million USD wellness resort on an island in Siberia Pearl Dubai paid US 27 2 million for a 150 000 square metre 1 600 000 sq ft island nearby 51 28 December 2008 Turkey Island was bought by MNG Holding in June 2008 for US 19 million 51 28 December 2008 China s Zhongzhou International announced that it will be developing a hotel resort on Shanghai island 51 28 December 2008 Nakheel said 70 percent of The World had been sold 46 October 2009 An Emirates Business report on 13 October 2009 that 2 islands were sold in July and August 2009 46 December 2009 Dubai based Kleindienst Group said they would start construction of the Heart of Europe in early 2010 according to a press report of 17 December 2009 Islands include Austria Germany Netherlands Ukraine Sweden and Switzerland 46 January 2010 On 28 January 2010 Emirates Business reported that Major Trade had started development of their projects on an island in the Greenland area a villa and hotel resort 46 23 February 2010 Dubai based Kleindienst Group started work on the Germany island of The World according to a press release on 24 February 2010 52 17 July 2012 The Royal Island Beach Club opened on Lebanon Island 6 May 2013 Nakheel announces that an out of court settlement has been reached between itself and developer Kleindienst Group allowing construction on The Heart of Europe to resume 53 10 June 2013 Construction began on the island Taiwan 54 2 July 2013 Nakheel announces that settlements with Sao Paulo Development Ltd for Sao Paulo Island and a GCC investor for the purchase of Nord Island totaling AED 185 million along with the earlier out of court settlement with Kleindienst Group valued at AED 622 million have put The World back on the map 55 nbsp The World islands map annotated with existing developments10 December 2013 Nakheel announced plans to connect the islands with a road 56 January 2014 Kleindienst Group s JK Properties announces that work has commenced on The Heart of Europe 57 January 2014 Website The Heart of Europe publishes monthly construction updates for the project 58 February 2014 JK Properties announces that the Heart of Europe islands construction is well underway 59 7 December 2016 The Heart of Europe project makes major progress when the Dubai based company JK Bauen part of the Kleindienst Group appointed Chinese based companies Wuchang Ship Building Industry Group and Sino Great Wall International Engineering in a joint venture to develop facilities on the six islands 60 See also editList of developments of The World archipelago OQYANA Palm Islands The Universe Dubai Waterfront Tourism in DubaiReferences edit a b c d e Dubai s Palm and World Islands progress update AMEInfo 2007 10 04 Archived from the original on 2007 10 11 Retrieved 2008 02 02 a b SPENCER RICHARD 28 January 2011 The World is sinking Stuff Schaffer Sierra 23 May 2016 The World Is Sinking Back Into The Sea Dubai s World Islands That Is TechMalak TechMalak Archived from the original on May 24 2016 Phase two of The Heart of Europe project launched Khaleej Times December 17 2014 WORK CONTINUES TO PROGRESS AT A PACE ON THE HEART OF EUROPE JK Properties February 2014 Archived from the original on 2016 03 18 Retrieved 14 March 2014 The World Islands Atlas Obscura September 26 2016 Retrieved July 8 2018 186483481 France on OpenStreetMap 25 13 24 N 55 09 34 E 25 22334 N 55 15937 E 25 22334 55 15937 France 2713321 x a j h California on OpenStreetMap 25 12 11 N 55 08 38 E 25 20300 N 55 14376 E 25 20300 55 14376 California 87185503 Mount Everest on OpenStreetMap 25 14 13 N 55 10 31 E 25 23683 N 55 17535 E 25 23683 55 17535 Mount Everest 87185938 Australia on OpenStreetMap 25 13 53 N 55 11 40 E 25 23149 N 55 19435 E 25 23149 55 19435 Australia 8402261 x a j h New Mexico on OpenStreetMap 25 12 05 N 55 09 06 E 25 201379 N 55 151797 E 25 201379 55 151797 New Mexico 87184344 Upernavik on OpenStreetMap 25 13 17 N 55 08 22 E 25 22142 N 55 13939 E 25 22142 55 13939 Upernavik 202033673 Buenos Aires on OpenStreetMap 25 12 04 N 55 10 10 E 25 20106 N 55 1695 E 25 20106 55 1695 Buenos Aires 87184265 New York on OpenStreetMap 25 12 51 N 55 09 04 E 25 21421 N 55 15101 E 25 21421 55 15101 New York 8402263 x a j h Mexico on OpenStreetMap 25 12 07 N 55 09 16 E 25 201824 N 55 154394 E 25 201824 55 154394 Mexico 200489433 St Petersburg on OpenStreetMap 25 14 05 N 55 09 53 E 25 23475 N 55 16479 E 25 23475 55 16479 St Petersburg 170773643 India on OpenStreetMap 25 13 52 N 55 10 47 E 25 23110 N 55 1796 E 25 23110 55 1796 India a b c d The World islands in Dubai complete ArabianBusiness com 2008 01 10 Archived from the original on January 11 2008 Retrieved 2008 02 02 Simpson Colin May 9 2013 The World is back on Dubai s map The National News McLean James September 12 2009 Credit crunch signals end of The World for Dubai s multi billion dollar property deal The Times Hari Johann April 7 2009 The dark side of Dubai The Independent Archived from the original on 2022 05 07 Shane McGinley February 4 2010 Island owners hit back at sinking claims Arabian Business Archived from the original on February 6 2010 a b Spencer Richard January 20 2011 The World is sinking Dubai islands falling into the sea The Daily Telegraph The End of The World Kompas com Archived from the original on January 24 2011 Retrieved 6 January 2012 JK Properties Monthly Newsletter Nov 2013 A BRIGHT OUTLOOK FOR DUBAI S PROPERTY MARKET JK Properties November 2013 Archived from the original on March 14 2014 Retrieved 14 March 2014 a b Nakheel The World Video Gallery Archived from the original on June 22 2008 The National Newspaper The World three quarters sold out Nakheel unveils super luxury resort at Coral Island of The World National Media Council UAE 2007 03 05 Archived from the original on April 26 2008 Retrieved 2008 03 26 Nakheel sells Australasia segment of The World AsiaTravelTips com 2005 04 13 Retrieved 2006 12 29 The Island of Ireland Retrieved 2007 07 23 Larionovo World s Finland and Brunei to be hub of fashion Emirates Business 24 7 2008 04 24 Archived from the original on March 4 2016 Retrieved 2008 04 27 Leftly Mark Anger over pay is just the free market in action The Independent 10 June 2012 Syal Rajeev 2010 07 23 Owner of Dubai s little Britain jailed for non payment of cheques The Guardian London McGinley Shane 2012 07 23 EXCLUSIVE Two Safi Qurashi judgements quashed Arabian Business Dubai Hyslop Leah 2012 07 24 Briton Safi Qurashi has convictions overturned in Dubai The Telegraph London Valdini Claire 2013 02 13 Dubai s Safi Qurashi cleared of bouncing 2 7m cheque Arabian Business Dubai Fernandez Ashford 2013 12 04 Safi Qurashi s former partner ordered to repay 10 8m by Dubai court Arabian Business Dubai Raven Hannah 2015 01 17 Interview Not the End of the World Safi Qurashi Construction Week Dubai The Heart of Europe Retrieved 14 February 2016 Heart of Europe in Dubai Streets with snow Emirates 24 7 20 January 2014 Retrieved 14 February 2016 VIDEO Plans to make it snow in Dubai are not a gimmick says CEO 7Days Archived from the original on August 14 2015 Retrieved 14 February 2016 Dubai s The World islands inside the first country set to open at The Heart of Europe The National Retrieved 2019 10 01 Dubai to construct Raining Street where it pours down all year round The National 23 June 2020 Retrieved 5 July 2020 Heart of Europe s first hotel opens for bookings 13 years after being unveiled Hotelier com 30 November 2022 Retrieved 16 October 2023 a b c d e f g h i j k l Dubai FAQs The World Dubai Dubaifaqs com Retrieved 2012 07 07 smh 2006 03 30 Sir Richard Branson Stakes his Claim on The World in Dubai Asiatraveltips com Retrieved 2012 07 07 Jacobs Frank 2014 10 30 The World Under Construction BigThink The Big Think Inc Retrieved 22 December 2015 Cinnovation acquires Nova Island on The World UAE SG Europe re com 2010 06 01 Archived from the original on July 10 2011 Retrieved 2012 07 07 Dubai unveils Pearls of Arabia at The World DMCC AMEinfo com 2012 06 20 Archived from the original on September 29 2012 Retrieved 2012 07 07 a b c Saturday 2012 06 06 The World three quarters sold out The National Thenational ae Retrieved 2012 07 07 First developer breaks ground on The World Real Estate AMEinfo com 2012 06 20 Archived from the original on October 4 2012 Retrieved 2012 07 07 The World LLC settles with Kleindienst Properties Nakheel PJSC 6 May 2013 Archived from the original on March 14 2014 Retrieved 14 March 2014 System Administrator Dubai s The World Construction on Taiwan begins post Ramadan Emirates 24 7 Retrieved 18 April 2016 Settlements worth AED807 million put The World back on the map Nakheel PJSC 2 July 2013 Archived from the original on November 3 2013 Retrieved 14 March 2014 Road could be built to man made World development Archived from the original on January 6 2014 Retrieved 18 April 2016 JK Properties Monthly Newsletter January 2014 KLEINDIENST GROUP LAUNCHES ICONIC THE HEART OF EUROPE PROJECT JK Properties January 2014 Archived from the original on March 14 2014 Retrieved 14 March 2014 The Heart of Europe Construction Updates The Heart of Europe January 2014 Archived from the original on March 14 2014 Retrieved 14 March 2014 JK Properties Newsletter February 2014 The Construction of the Heart of Europe Islands is Now Well Underway JK Properties February 2014 Archived from the original on March 14 2014 Retrieved 14 March 2014 Fahy Michael 7 December 2016 Heart of Europe development at The World Islands off Dubai coast takes major step forward The National The National External links edit nbsp Wikimedia Commons has media related to The World Nakheel com The World The Heart of Europe website Retrieved from https en wikipedia org w index php title The World archipelago amp oldid 1187821496, wikipedia, wiki, book, books, library,

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