Resicom – Holiday Investment – 04-21 – LB

Part of The World Is Up for Grabs

Part of The World is up for grabs, but overseas property investors will need a cool Dhs 80 million ($22 million) if they want to get it.

Rather than the residential ship that we wrote about in July, this particular The World is the famous landmark group of 300 islands reclaimed from the sea just off the coast of Dubai.

First revealed by His Highness Sheikh Mohammed Bin Rashid Al Maktoum in 2003, The World islands are formed in the shape of the world map, and Lebanon island is the only one currently open to the public.

Lebanon island is now up for sale and any buyer will get not only a whole island, but also a private beach club, an 80-seater restaurant, licensed bar and a swimming pool area large enough for 250 people.

There are also private chalets, VIP cabanas, and a private jetty for yachts and seaplanes to dock.

The island has recently been refurbished and could either be used as a private retreat or an exclusive resort for people to visit.

Another part of The World will soon be ready to open to the public as well.

The Heart of Europe will be made up of six islands when it’s completed – Main Europe, The Floating Venice, Germany, Sweden, Switzerland and St Petersburg.

This new area will cover around six million square feet and be capable of holding up to 16,000 people at any one time.

Located about 6.5 kilometres from the Dubai coastline, the new area will take around 20 minutes to reach by boat but can also be reached by seaplane or helicopter.

It will represent 51 different countries with themed restaurants, roadside cafes and bars, and is due to open towards the end of 2020.

Overseas property investors with deep enough pockets to buy a part of The World may want to enquire about Lebanon Island before it gets snapped up.

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