The World Islands Dubai is one of the most fascinating and luxurious man-made islands in the world. It is a collection of 300 small islands shaped like a world map, situated off the coast of Dubai, UAE. The islands were created using sand dredged from Dubai’s coastal waters and were designed to be lavish holiday destinations for the rich and famous.
Many people wonder who owns The World Islands Dubai. Is it the government of Dubai? Or some wealthy individuals who have bought the islands?
Well, the answer is not that straightforward. The World Islands project was developed by Nakheel Properties, a state-owned real estate developer in Dubai. The company spent around $14 billion to create this grand island project.
Nakheel Properties owns all 300 islands on The World Islands Dubai. However, they have sold many of these islands to private investors over the years. These investors include celebrities like Brad Pitt and Angelina Jolie, who reportedly own an island together.
Each island on The World Islands has its unique features and attractions, such as private beaches, swimming pools, and even private marinas for yachts. Many investors have bought these islands with the intention of building their dream holiday homes or luxury resorts.
However, due to the global economic downturn in 2008, many buyers were unable to complete their purchases or develop their properties on these islands. As a result, many of these islands remain undeveloped today.
Despite this setback, The World Islands Dubai remains one of the most sought-after destinations for those seeking luxury living on an exclusive island paradise.
In conclusion, Nakheel Properties is the owner of all 300 islands on The World Islands Dubai. However, many of these islands have been sold to private investors over time. It’s fascinating to see how this man-made marvel has attracted so much interest from wealthy individuals worldwide and how it continues to be an aspirational destination for those seeking exclusivity and luxury in their lives.
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