Dubai: Nakheel, the developer of the three iconic palm islands and the World, is expanding Dubai’s coastline with the launch of a massive real estate development, the Universe – which will spread from the Palm Jumeirah to Palm Deira.
The Universe will be a cluster of large coral- shaped islands, which will see the development of major residential, commercial and tourism projects. The Universe will have 3,000 hectares of land and will take 15 to 20 years to develop.
Nakheel has also unveiled its plans for a major sustainability project, the Blue Communities, launched under the direction of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
Sultan Ahmad Bin Sulayem, Executive Chairman, Nakheel, says "The long-term aim is for Blue Communities to provide leadership in the development of sustainable coastal communities", and that the company would commit Dh200 million over three years to raise awareness of coastal development issues.
These projects will be unveiled by Nakheel at the Tourism Development Projects and Investment Market 2008, to be held January 20-22.
Source: Gulf News
