Retire Here at TheWorld - Dubai

The same company that brought us The Palm Islands, Al Nakheel Properties (Nakheel Corp), have done it again expanding their portfolio of man-made islands with this latest Dubai island project shaped like the continents of the world. The World will consist of between 250 to 300 smaller private artifical islands divided into four categories - private homes, estate homes, dream resorts, and community islands. Each island will range from 250,000 to 900,000 square feet in size, with 50 to 100 metres of water between each island. The development is to cover an area of 9 kilometers in length and 6 kilometers in width, surrounded by an oval shaped breakwater. The only means of transportation between the islands will be by marine transport.

Construction has begun on the $US 1.8 billion project which is set to be completed by the end of 2005. It will be located 4 kilometers off the shore of Jumeirah, close to the The Palm Jumeirah, between Burj Al Arab and Port Rashid of Dubai, United Arab Emirates (UAE). Each island will be sold to selected private developers and are expected to have pricing beginning at Dhs. 25 million (US$ 6.85 million).

Owning Property on The Palm, Dubai.
The sale of The Palm Island properties (villas and apartments) are done on freehold basis, which entitles nationals and expats the right to sell, lease or rent their property at their own discretion. The free-hold property is tax-free, secure, and has sunshine the whole year round. Real estate owners and their immediate family, can obtain renewable Dubai residence visas, which can cost Dhs. 5,000 per person. Some of the properties available for sale on the Palm Jumeirah are the Palm Jumeirah Residence, Palm Terrace, and Atlantis, The Palm.