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These are some of the developments which were scheduled for construction on various islands of The World in Dubai, United Arab Emirates. However the construction was halted due to the Financial crisis of 2007–2010, except for one island gifted to race car driver Michael Schumacher by the ruler of Dubai, Mohammed bin Rashid Al Maktoum.
Islands on The World were intended to fall into several categories:
- Low density: residential islands
- Medium and high density: residential areas.
- Resorts: mainly hotels and resorts.
- Commercial: shopping, entertainment, restaurants, cafes
- Transportation: hubs for transportation by boat to mainland Dubai.
Islands | Owners | Cost | Project name | Construction started | Construction end (expected) | |
---|---|---|---|---|---|---|
1 | Antarctica | Dubai Multi Commodities Centre | Pearls of Arabia | Feb 2008 | 2010 | |
2 | Asia, North | VC Bank (developer World Development Co.) | AED 1.5 Billion | VC Bank resort | May 2008 | 2010 |
3 | Australia | Investment Dar, Kuwait (14 islands) | USD 3.5 Billion | OQYANA | Apr 2005 | |
4 | Austria | Josef Kleindienst / Kleindienst Group, Austria | Heart of Europe | |||
5 | Beijing | Bin Hu, China | ||||
6 | Brunei | Salya Corporation | AED 1.2 Billion | FTV resort | Apr 2008 | 2011 |
7 | Canada | Nakheel Properties, (20 islands) | Coral Island | May 2007 | 2010 | |
8 | China | Oasis Group | Lynncoln World Island Resort | Jul 2008 | 2010 | |
9 | Ecuador | ACI Real Estate (Germany) | AED 2 Billion | Leisure Resort | Feb 2008 | |
10 | Ethiopia | |||||
11 | Finland | Salya Corporation | AED 1.2 Billion | FTV Palace | Apr 2008 | 2011 |
12 | France | Select Group Select Property JV | AED 5.5 Billion | Aquitainia | Jun 2008 | 2013 |
13 | Germany | Kleindienst Group | Heart of Europe | February 2010 | ||
14 | Great Britain | SafMus Holdings | Britain The World | 2014 | ||
15 | Greece | Baron Jean van Gysel de Meise | USD 260 Million | V.Greece | Aug 2007 | 2010 |
16 | Greenland | Sheikh Mohammed / Nakheel | Villas | |||
17 | Greenland | Dubai Infinity Holdings (designer Karl Lagerfeld) | Isla Moda (Fashion Island) | Jan 2008 | 2012 | |
18 | Greenland | Nakheel | One & Only Hotel Resort | |||
19 | Hong Kong | Bin Hu, China | ||||
20 | Huainan | Oasis Group | Oasis resort Dubai | Nov 2008 | ||
21 | Ireland | Larionovo, Ireland | AED 142 Million | Ireland in the Sun | ||
22 | Kazakhstan | tars Dome Realty | Pangkor Laut | 2007 | 2012 | |
23 | Macao | Bin Hu, China | ||||
24 | Malaysia | Harshit Kantaria | Isola di Portofino | |||
25 | Moscow | SafMus Holdings | Moscow The World | 2007 | 2015 | |
26 | Nanjing | Bin Hu, China | ||||
27 | Netherlands | Kleindienst Group | Heart of Europe | December 2009 | ||
28 | New Zealand | Investment Dar, Kuwait (14 islands) | USD 3.5 Billion | OQYANA | Apr 2005 | |
29 | Novaya Zemlya | Cinnovation Group, Singapore | USD 200 Million | Nova Island Resort & Spa | Feb 2008 | |
30 | Orenburg | Perseus Property Management | Perseus Resort | 2005 | 2010 | |
31 | Rostov | Perseus Property Management | Perseus Resort | 2005 | 2010 | |
32 | Shanghai | Mr Bin Hu, Zhongzhou International President | Hotel resort & villas | Oct 2007 | ||
33 | Siberia | Limitless | USD 350 Million | World Island Resort | Sep 2008 | 2010 |
34 | Siberia | Pearl Dubai | Archangel | 2008 | ||
35 | Somalia | Opulence Holdings | AED 1 Billion | Jal Aashwa | Nov 2007 | |
36 | Spain | Select Group / Select Property JV | AED 5.5 Billion | Aquitania | Jun 2008 | 2013 |
37 | South America | Seven Tides International | Anantara World Islands Resort | |||
38 | Ukraine | Kleindienst Group | Heart of Europe | |||
39 | Sumatra | Harshit Kantaria | Isola di Portifino | |||
40 | Sweden | Kleindienst Group | Heart of Europe | |||
41 | Switzerland | Kleindienst Group | Heart of Europe | |||
42 | Thailand | Profile Real Estate, Dubai | USD 110 Million | Jasmine Gardens | Sep 2006 | 2011 |
43 | Turkey | Günal Insaat / MNG Holding | Turkey, The World | Jun 2008 | ||
44 | Scotland | CJV Associates | Bonnie Alba | Feb 2020 |
References
- "'The World' is sinking". The Age. 28 January 2011. Retrieved 28 January 2011.
- "Did you know there's a Michael Schumacher island in Dubai?". Edgar Online. 14 January 2016. Archived from the original on 21 October 2021. Retrieved 7 November 2017.
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: CS1 maint: archived copy as title (link) - "Oqyana Real Estate".Retrieved 2023-02-11.
- "Kuwait's Investment Dar airs new $2.7 bln debt plan with creditors". Reuters.Retrieved 2023-02-11.
- "The Kleindienst Group". 8 March 2017.Retrieved 2023-02-11.
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: CS1 maint: archived copy as title (link) - Hartley, Joanna (3 March 2009). "Owner of Ireland on The World 'takes his own life'". Arabian Business. Retrieved 2019-09-30.
- "Second Irish property investor kills himself over financial problems". PropertyWire. 2009-03-04. Retrieved 2019-09-30.