$350m island resort to be built in Dubai
Wednesday, 24 September 2008
DUBAI, Sept 23 (PTI): A Dubai-based real estate developer has announced to create, own and operate a 10.5 hectare ultra luxury resort on a man-made island, 14 km from the Dubai coastline.
To be built at a cost of USD 350 million, the proposed World Island Resort, the details of which was announced here yesterday, will be located on the north- east of The World development, the waterfront development of Dubai's master-developer Nakheel.
The CEO of 'Limitless', Saeed Ahmed Saeed, said the company will draw on its expertise in waterfront development and the creation of distinctive projects.
"World Island Resort will set a new global benchmark in the design and operation of luxury resorts. It is the flagship for Limitless' waterfront hospitality developments and the launch pad for a range of high-end hotels being planned in other waterfront and city locations," he said.
This is going to be the tenth project for the developer and the latest addition to its portfolio worth more than USD 100 billion.
The project will be showcased at Cityscape in Dubai next month.
The World Island Resort will comprise 53 villas and water homes, including 23 privately-owned villas, ranging from 650 to 820 square metres, offered for sale by invitation, he said.
To be built at a cost of USD 350 million, the proposed World Island Resort, the details of which was announced here yesterday, will be located on the north- east of The World development, the waterfront development of Dubai's master-developer Nakheel.
The CEO of 'Limitless', Saeed Ahmed Saeed, said the company will draw on its expertise in waterfront development and the creation of distinctive projects.
"World Island Resort will set a new global benchmark in the design and operation of luxury resorts. It is the flagship for Limitless' waterfront hospitality developments and the launch pad for a range of high-end hotels being planned in other waterfront and city locations," he said.
This is going to be the tenth project for the developer and the latest addition to its portfolio worth more than USD 100 billion.
The project will be showcased at Cityscape in Dubai next month.
The World Island Resort will comprise 53 villas and water homes, including 23 privately-owned villas, ranging from 650 to 820 square metres, offered for sale by invitation, he said.