Dubai: First villas on The World now up for sale

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WorldIslandThe first off-plan units sales on The World Islands development in Dubai have kicked off. The villas for sale are located on the main island of The Heart Of Europe Project, in a five star hotel named Mont Royal. The prices range from Dh3,000 to Dh3,700 per square feet.

As per the listings on the online platforms of real estate, a 640 square foot unit named as Princess Suite is up for grabs at a price of Dh2 million. According to other sources, another unit is being sold at Dh2.15 million. The buyers would be required to pay the first instalment, which is 20 per cent of the total price, along with the commission to get entitled to the unit.

After the crash of the market in 2008, these are the first residential units which are going up for sale on The World Islands project. This evidently shows the recovery of the property market of Dubai and the potential it holds for further investments.

The heart of Europe is developed by Austrian Josef Kleindienst and his Dubai-based Kleindienst Group. Six separate islands will make up the development and are named Austria, Monaco, Germany, Switzerland, Sweden and Saint Petersburg. Shops, restaurants and villas are all planned for them. Kleindienst claims the $850 million project would be complete by the end of 2016.

Currently, out of the 263 islands in The World, only two others have been developed – Greenland and the country of Lebanon. Last year Nakheel said it hoped The World would be “fully operational by 2022”.

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Reading Time: 2 minutes

The first off-plan units sales on The World Islands development in Dubai have kicked off. The villas for sale are located on the main island of The Heart Of Europe Project, in a five star hotel named Mont Royal. The prices range from Dh3,000 to Dh3,700 per square feet.

Reading Time: 2 minutes

WorldIslandThe first off-plan units sales on The World Islands development in Dubai have kicked off. The villas for sale are located on the main island of The Heart Of Europe Project, in a five star hotel named Mont Royal. The prices range from Dh3,000 to Dh3,700 per square feet.

As per the listings on the online platforms of real estate, a 640 square foot unit named as Princess Suite is up for grabs at a price of Dh2 million. According to other sources, another unit is being sold at Dh2.15 million. The buyers would be required to pay the first instalment, which is 20 per cent of the total price, along with the commission to get entitled to the unit.

After the crash of the market in 2008, these are the first residential units which are going up for sale on The World Islands project. This evidently shows the recovery of the property market of Dubai and the potential it holds for further investments.

The heart of Europe is developed by Austrian Josef Kleindienst and his Dubai-based Kleindienst Group. Six separate islands will make up the development and are named Austria, Monaco, Germany, Switzerland, Sweden and Saint Petersburg. Shops, restaurants and villas are all planned for them. Kleindienst claims the $850 million project would be complete by the end of 2016.

Currently, out of the 263 islands in The World, only two others have been developed – Greenland and the country of Lebanon. Last year Nakheel said it hoped The World would be “fully operational by 2022”.

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