Saturday, May 05, 2007

Luxury Resort being developed at Coral Island, a part of "The World"

The leading Dubai-based developer, Nakheel, is in the process of constructing a super-luxury resort at the Coral Island, which is one among its 300 man-made islands, which together forms 'The World'. The project value is yet to be revealed.

The 300-island development, 'The World', which is reclaimed from the sea, takes the shape of the world map, and the first island to be developed on it, is the Coral Island, which spreads over an area of 73 hectares.

The Coral Island will be among the world’s most prestigious developments that include a specialist spa hotel, marina village and a residential development. On the whole, the island will have a beachfront of about 9.5kms. The island is scheduled to be ready by 2010.

The work at the development is going on at a fast pace, with most of the 300 islands taking shape. "The World" which is located a little off the Dubai coast, is 94 percent reclaimed, and is scheduled to be completed by 2008.

The Marina village is the main attraction of the development, the place where visitors can indulge in excellent dining, leisure and retail facilities, in addition to a 150 room hotel and Spa, and a world class marina. The suites in the hotel will be among the largest in Dubai, with an in-house swimming pool.

The CEO of Nakheel, Chris O'Donnel, has announced that, till date, "The World" has been a good commercial success, and Nakheel plans to build on this by forming the Coral Island. Dubai market, being extremely competitive, the Coral Island offered by Nakheel will be one of a kind.

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