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
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.
Video - The
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.
Since the project's commencement, there have been many unconfirmed reports of celebrities who have purchased, or intend to purchase, islands.
In March 2006, Richard Branson appeared at a media conference on the
Fijian golfer Vijay Singh has been linked to the archipelago, but it is not confirmed that he has bought or intends to buy an island; he is involved with another Nakheel Properties development in Jumeirah on the
On 24 October 2006 seven-time Formula 1 World Champion Michael Schumacher was presented with one of the islands by Mohammed bin Rashid Al Maktoum on the occasion of his final Grand Prix, in
British superstars Rod Stewart and David Beckham have also been rumoured to have bought into this project, but neither of these have been confirmed. Beckham does own a villa on the nearby Palm Jumeirah.
On 3 May 2007 Mötley Crüe drummer Tommy Lee announced that he was buying the
On 15 November 2007 Brad Pitt and Angelina Jolie were reported to have purchased the island
Nakheel Group is itself further developing a resort named Coral Island over 20 islands that make up the North American part of The World. The low-rise development will include a marina and hotel village.
The second largest confirmed development is the purchase of 14 islands that make up
Irish business consortium Larionovo has plans to develop the
Cinnovation Group has acquired a 37,000 square metres (400,000 sq ft) island as part of a project valued at $200 million USD. Guest and residential villas and a hospitality complex are planned.
Dubai Multi Commodities Centre will establish a 6,000 square metres (65,000 sq ft) pearling and marine entertainment center in association with Paspaley Pearling Corporation. It will be located on an island in the
In April 2008, Salya Corporation announced that it had acquired the islands of "