Who Owns Dubai Islands?
Dubai is known for its luxurious lifestyle and extravagant developments. One of the most famous examples of this is the creation of man-made islands. These spectacular islands have become iconic landmarks in Dubai’s ever-evolving skyline.
But have you ever wondered who actually owns these incredible feats of engineering? Let’s explore the ownership of Dubai islands.
The Palm Jumeirah
One of the most famous man-made islands in Dubai is the Palm Jumeirah. It is shaped like a palm tree and is visible from space! This stunning island was developed by Nakheel, a government-owned real estate developer in Dubai.
Nakheel is responsible for many other major projects in the city as well. The company owns and manages the infrastructure and common areas of the Palm Jumeirah, including the roads, parks, and beachfronts.
However, individuals can also own properties on the Palm Jumeirah. There are various residential, hotel, and commercial developments on the island that are privately owned by individuals or corporations.
These properties offer breathtaking views of the Arabian Gulf and have become highly sought-after investments.
The World Islands
Another remarkable project in Dubai is The World Islands. As the name suggests, this development consists of a collection of islands shaped like a world map.
Each island represents a different country or city, offering a unique opportunity to live on your favorite location on Earth!
The World Islands project was initiated by Nakheel as well. However, due to financial constraints during the global economic crisis in 2008, development on many of these islands was put on hold indefinitely.
As a result, some of these islands remain undeveloped or unfinished.
Ownership Status
While Nakheel owns the overall infrastructure of The World Islands, the ownership of individual islands is available for purchase. Investors have the chance to buy an entire island or a portion of it, depending on their budget and preferences.
These islands are marketed as private resort destinations or exclusive residential properties.
The Deira Islands
The Deira Islands is another ambitious project in Dubai. It aims to transform the coastline of Deira into a world-class waterfront destination.
The development includes four man-made islands that will feature hotels, resorts, residential buildings, retail outlets, and entertainment venues.
The Deira Islands project is owned by Dubai’s master developer, Meraas. Meraas is a leading real estate company responsible for several iconic developments in Dubai.
It has partnered with renowned hotel chains and developers to bring this project to life.
Ownership Opportunities
Similar to other projects in Dubai, individuals can own properties on the Deira Islands. Residential units and commercial spaces are available for purchase, providing investors with an opportunity to be part of this exciting waterfront development.
Conclusion
In summary, while government-owned companies like Nakheel and Meraas own the overall infrastructure and development rights of Dubai’s man-made islands, individuals can also own properties on these iconic locations. Whether it’s the Palm Jumeirah with its luxurious residences or The World Islands offering unique island ownership experiences, Dubai’s man-made islands continue to attract investors from around the world.