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70% of The World islands sold, says Nakheel
- United Arab Emirates: Monday, December 29 - 2008 at 13:55
State-owned developer Nakheel has now sold 70% of the 300 islands that make up The World, a group of reclaimed islands in the shape of a world map located about 4km from Dubai's shoreline, The National has reported. The islands are being sold by invitation only, said Hamza Mustafa, managing director of The World at Nakheel, and the invitation quota for this year and the previous year have been sold out. Among the islands to have sold on the World are Greenland, which was bought by Dubai Infinity Holdings, and Archangel, near Siberia, which was purchased by rival developer Pearl Dubai for $27.2m.
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StaffMonday, December 29 - 2008 at 13:55 UAE local time (GMT+4)
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