Dubai's Palm and World Islands - progress update (page 2 of 2)

To date, all released properties have been sold with many experiencing premiums of 100 per cent. Further sales will continue in phases, to be announced based on demand. Construction on the residences will not begin until a large portion of the infrastructure is in place, Shaheen said.

Palm Deira

The Palm Deira will be the world's largest man-made island when complete, eight times bigger in land mass than the Palm Jumeirah and five times bigger than the Palm Jebel Ali. It will stretch 12.5km into the sea, be 7.5km wide, and create a new city within Dubai for more than a million people.

To date, approximately 20 per cent of the land reclamation is complete. More than 200 million cubic metres of sand have already been used for reclamation, which is 80 per cent more than the total amount of sand used to create the Palm Jumeirah.

Due to its sheer size and scale, the development will be implemented in specific phases. The first phase, 'Deira Island,' will be connected by bridges with the current area of Deira, between the mouth of Dubai Creek and Port Hamriya, Shaheen said.

In May of this year Nakheel released a new masterplan for the project that reduced the length of the island that stretches off the Dubai coast by 3.5km. Palm Deira operations officer Abdullah bin Sulayem said at the time that the depth of the Arabian Gulf increases substantially moving further away from the coastline, therefore the design changes will result in considerable savings on construction time and sand volume. No timetable for the completion of the project has been given.

The World

The World is a collection of 300 man-made islands in the shape of the world map located 4km from Dubai's coast. The development can only be reached by boat, seaplane, or helicopter.

About 320 million cubic metres of sand have been used to create the islands, which will range in size from 150,000 square feet to 450,000 square feet, with the average island measuring approximately 300,000 square feet. The average distance between islands is 100 metres.

Video: The World exclusive: from land sea and air

Land reclamation on the World is nearly complete and should be finished in 2008, when the first investors will begin constructing their developments. Most of the islands are now in place and these will add 232km of beachfront, albeit exclusive, to Dubai's coastline.

Sales of the individual islands are by invitation only. As of May 2007, 45 per cent of the World had been sold, including 20 islands in the first four months of 2007. The cost of an island ranges between $15-$45m.

A number of celebrities have been rumoured to have bought into the project, including former Motley Crue member Tommy Lee, who is reported to have purchased the island of Greece for his former wife Pamela Anderson. Reports have also linked UK celebrities Rod Stewart and David Beckham to the project, but neither of these has been confirmed.

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