Saturday, September 27th, 2008
Posted by Overseas Property Mall in
Dubai Property
Aquitainia is the fusion of two islands, Spain and France located in the middle of Dubai’s The World. The new £750 million private island paradise project was announced on September 25th by British developers, Select Property. Select Property is teaming up with Dubai based developer Select Group to launch this exciting luxury development.
“The World” has already made waves around the world due to its stunning location just four kilometres off the coast of Dubai. The cluster of 300 man made islands will be representing the world and are set to be completed in 2012.
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Check out - The official website of the World Dubai
From Wikipedia
The World is a man-made archipelago of 300 islands constructed in the shape of a world map and located 4 kilometres (2.5 miles) off the coast of Dubai, United Arab Emirates. The World is one of several artificial island projects being constructed in Dubai, others being the Palm Islands. Like the other artificial island projects, The World is built primarily using sand dredged from the sea. It was developed by Nakheel Properties and was originally conceived by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai.
Each island in the archipelago ranges from about 14,000 m² (150,000 square feet) to 42,000 m² (450,000 square feet). The distance between each island will be an average of 100 metres (328 feet). The entire development covers an area of 9 km in length and 6 km in width, surrounded by an oval breakwater. Roughly 232 km (144 miles) of shoreline has been created. The overall development cost of The World was estimated as 14 billion USD. As for the individual islands, prices range between 15 and 50 million USD. One island is still for sale at a price of 250 million USD.
The project was unveiled on 6 May 2003 by Sheikh Mohammed. Dredging began four months later in September 2003. By January 2008, 60% of the islands had been sold, 20 of which were bought in the first four months of 2007. On 10 January 2008, the final stone on the breakwater was laid, completing initial development. The next phase of the project is to hand over the individual islands to developers.
