The Work on the Private Projects at The World will Begin Soon

Soon the construction will start on the various off-shore island developments in The World and it has been confirmed by the well known property developer Nakheel. Last month it was announced by the Kliendienst Group that they will begin the construction on the Germany Island which is the Heart of Europe development and is a part of the Dh.3.1bn. The confirmation regarding the beginning of the work after a European developer, Major Trade, announced the starting of work on its island project.

Marwan Al Qamzi, The managing Director of Nakheel said, “The World is an attractive project, given its differentiated offering and close proximity and accessibility to developing markets.” The Canadian Gulf Construction and the Arabian Profile Company Limited which is the Arabian architectural and cladding specialist have carried out their construction work on the development.

Viktor Herceg, the Managing Director of Major Trade shared a feeling of confidence by saying that after the project gets completed a huge demand for luxury residences will come up. He further added that Nakheel has been very supportive for its first island development. The island is located on the tip of the Greenland area of The World. It includes a luxury boutique hotel and modern residential villa developments. For a mid-sized European residential property developer, Major Trade is a property development investment arm and is particularly responsible for the construction of various high end Dubai real estate developments.

Nakheel confirmed that this year work will begin on as many 20 islands. Taking the economy into consideration the buyers have revised few of their initial designs and these are now moving ahead with their construction works.

Several Dubailand Projects were Handed Over to the Investors in 2009

Dubailand, Dubai’s iconic entertainment and leisure destination and a member of Dubai Properties, handed over several of its projects to its investors in 2009. As per Dubailand, for several projects, commercial, retail and residential units were handed over to its investors. This took place in Al Barari Villas, The Villa, Dubai Properties Group's Leyan and Motor City. In addition, 320 villas were handed over in Victory Heights in Dubai Sports City, Dubailand. Further, 1300 commercial, retail and residential units were handed over in Motor City.

Mohammed Al Habbai, CEO, Dubailand, said: "In spite of the challenging global economic environment, it was an exciting year for Dubailand with a number of important milestones for our investors.

"Our approach has always been to drive local, regional and international visitors to Dubailand

attractions. This year, we have focused on developing inherent demand from within the UAE by building critical residential mass. Dubailand now has exclusive pockets of residential communities such as the Arabian Ranches, Motor City, Leyan Community, The Villa and Al Barari, making the destination an attractive place to live, work and play."

Dubai Properties Group revealed the ready-to-lease residential units like apartments and villas at the Leyan Communities (Mediterranean-themed) located right in the heart of Dubailand.

Dubailand’s development was unveiled by two key highlights. Out of which one was the opening of Dubai Sports City's Butch Harmon School of Golf at The Els Club and he agreement with Royal Caribbean International. The other highlight was the launch of Dubai International Cricket stadium with 25000 seats.

With several such Dubai attractions within the Dubailand is expected a flow of tourists over the 8 million mark it this holiday destination already has.