The World (archipelago)

The development's logo

The World is an artificial archipelago of various small islands constructed in the rough shape of a map of the landmasses of the Earth, located 4 km (2.5 mi) 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.

Contents

Project

View of The World in early 2009

Islands in the archipelago range from 14,000 to 42,000 square metres (150,000 to 450,000 sq ft) in area.[1] Distances between islands average 100 metres (330 ft); they are constructed from 321 million cubic metres of sand and 31 million tons of rock.[1] The entire 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.[1] The World's overall development costs were estimated at $14 billion USD in 2005.[1][2]

History

The project was unveiled in May 2003 by Sheikh Mohammed[2] and dredging began four months later in September 2003.[2] By January 2008, 60% of the islands were sold, 20 of which were bought in the first four months of 2007.[1][2] On 10 January 2008 the final stone on the breakwater was laid, completing development of the archipelago.[2].The Irish businessman John O'Dolan, who purchased the "Ireland" island, committed suicide in February 2009, after his consortium fell into financial difficulty.[3]

Project difficulties

The Times Online reports in September 2009 that work on The World had been suspended due to the effects of the global financial crisis.[4][5] And in February 2010 the Daily Mail reported that the Islands have started sinking back into sea.[6] This was later denied by Nakheel and independent technical reports as wholly inaccurate.[7]

As of April, 2010, commercial and residential properties are not currently being constructed on purchased islands, but it is hoped that the Dubai’s government announcement that it will provide $8 billion in support for Nakheel would enable completion of the project.[8]

Purchase and development plans

The World was serviced by four major transportation hubs linked by waterways. Land parcels are zoned for various uses: estate, mid density, high density, resorts and commercial.[9] 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.[10]

Utilities are routed underwater, with water plants at each of the hubs pumping fresh water to the islands. Power is supplied by the Dubai Grid and distributed through underwater cables. Waste water and refuse systems are an individual concern for each island.[9]

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.[11] 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.[12] Irish business consortium Larionovo had plans to develop the Ireland island into an Irish-themed resort.[13] 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 Giants Causeway. However on 25 November 2008 a provisional liquidator was appointed to Larionovo.[14]

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 ($218 million USD) to purchase the islands and plans to spend a further Dh2.4 billion ($654 million USD) 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.[15]

The islands of Great Britain and Moscow on The World were acquired by Premier Real Estate Bureau in the Summer of 2008. The news was leaked in a Daily Mail article of January 2009, refuting claims that Great Britain was owned by Irish investor John Dolan, Richard Branson or Rod Stewart.[16] Safi Qurashi, the multi-millionaire entrepreneur at the head of Premier and his business partner Mustafa Nagri, paid an estimated $64 million USD for the 11 acre piece of land. Premier are planning to build a sustainable community on the island.

Timeline of Construction

Undeveloped islands on 1 May 2007

See also

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 "Dubai's Palm and World Islands - progress update". AMEInfo. 2007-10-04. http://www.ameinfo.com/133896.html. Retrieved 2008-02-02. 
  2. 2.0 2.1 2.2 2.3 2.4 "The World islands in Dubai complete". ArabianBusiness.com. 2008-01-10. http://www.arabianbusiness.com/507983-the-world-islands-in-dubai-completed. Retrieved 2008-02-02. 
  3. McLean, James; McDonald, Brian (Saturday September 12, 2009), "Extravagant Dubai island project sinks under weight of the credit crunch", Irish Independent, http://www.independent.ie/world-news/middle-east/extravagant-dubai-island-project-sinks-under-weight-of-the-credit-crunch-1884856.html, retrieved 2010-04-07 
  4. McLean, James (September 12, 2009). "Credit crunch signals end of The World for Dubai’s multi-billion dollar property deal". London: Times Online UK. http://www.timesonline.co.uk/tol/travel/news/article6831481.ece. Retrieved 2009-11-28. 
  5. Johann Hari (2009-04-07). "The dark side of Dubai". London: The Independent. http://www.independent.co.uk/opinion/commentators/johann-hari/the-dark-side-of-dubai-1664368.html. Retrieved 2009-05-16. 
  6. Bates, Claire (02nd February 2010), "Is it the end of the world? Nasa picture suggests Dubai globe is sinking back into the sea", Daily Mail, http://www.dailymail.co.uk/sciencetech/article-1247651/World-Islands-Is-end-world-Nasa-picture-suggests-Dubai-globe-sinking-sea.html, retrieved 2010-04-07 
  7. Shane McGinley (2010-02-04). "Island owners hit back at 'sinking' claims". arabianbusiness. http://www.arabianbusiness.com/580782-island-owners-hit-back-at-sinking-claims. Retrieved 2010-02-04. 
  8. Sekhri, Rajiv, "Dubai World to get $9.5 bln govt lifeline", Maktoob Business, http://business.maktoob.com/20090000451706/Dubai_World_to_get_$9_5_bln_govt_support/Article.htm, retrieved 2010-04-07 
  9. 9.0 9.1 Nakheel. "The World Video Gallery". http://www.theworld.ae/videoGallery.html. 
  10. The National Newspaper. "‘The World’ three-quarters sold out". http://thenational.ae/apps/pbcs.dll/article?AID=/20081228/BUSINESS/732728603/-1/SPORT. 
  11. "Nakheel unveils super-luxury resort at Coral Island of The World". National Media Council UAE. 2007-03-05. http://uaeinteract.com/docs/Nakheel_unveils_super-luxury_resort_at_Coral_Island_of_The_World/25125.htm. Retrieved 2008-03-26. 
  12. "Nakheel sells Australasia segment of The World". AsiaTravelTips.com. 2005-04-13. http://www.asiatraveltips.com/news05/134-TheWorld.shtml. Retrieved 2006-12-29. 
  13. "The Island of Ireland". http://www.theislandofireland.com/. Retrieved 2007-07-23. 
  14. "Larionovo". http://www.larionovo.com/. 
  15. "World's Finland and Brunei to be hub of fashion". Emirates Business 24|7. 2008-04-24. http://www.business24-7.ae/articles/2008/4/pages/worldhub.aspx. Retrieved 2008-04-27. 
  16. "Homesick Balham boy buys Britain-shaped island for £43m". Daily Mail. http://www.dailymail.co.uk/news/article-1120695/Homesick-Balham-boy-buys-Britain-shaped-island-43m--8211-London-pub.html. Retrieved 2009-04-08. 
  17. 17.00 17.01 17.02 17.03 17.04 17.05 17.06 17.07 17.08 17.09 17.10 17.11 17.12 http://www.dubaifaqs.com/the-world-dubai.php
  18. http://www.asiatraveltips.com/news06/303-TheWorld.shtml
  19. http://www.europe-re.com/system/main.php?pageid=2343&articleid=10631
  20. http://www.ameinfo.com/148011.html
  21. 21.0 21.1 21.2 http://www.thenational.ae/apps/pbcs.dll/article?AID=/20081228/BUSINESS/732728603/-1/SPORT
  22. http://www.ameinfo.com/225097.html

External links