Ksenia Kolesnikova
Head of Sales, Tranio Middle East
We find the right property, handle legal due diligence, and manage it for you after the deal closes
Ksenia Kolesnikova
Head of Sales, Tranio Middle East
We find the right property, handle legal due diligence, and manage it for you after the deal closes
The World Islands is a man-made archipelago located off the coast of Dubai in the United Arab Emirates. The project, which began in 2003, is designed to mimic the shape of the world map and consists of 300 small islands, each representing a different country or region of the world.
The World Islands are located in the waters of the Persian Gulf and cover an area of about 9 kilometers in length and 6 kilometers in width. The islands are separated by artificial canals and are designed to be used for residential, commercial, and tourist purposes.
Each island is named after a different country or region, such as Sweden Island, Lebanon Island, and the Heart of Europe. The Heart of Europe is a cluster of six islands designed to resemble European cities and features high-end luxury resorts and villas.
The World Islands project faced several challenges during its construction, including a global financial crisis that impacted the real estate market in Dubai. As a result, many of the islands remain undeveloped, and the project has been met with some criticism.
Despite these challenges, the World Islands have become a popular tourist attraction, with visitors able to take boat tours of the islands and admire the stunning views of the Dubai skyline. The islands are also home to several high-end restaurants and bars, and some islands have been developed into luxury resorts and private residences.
Overall, the World Islands area in Dubai is a unique and ambitious project that showcases the city's dedication to innovative and grand-scale developments. While its future remains uncertain, the World Islands have already become an iconic symbol of Dubai's development and ambition.
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3 years ago, when buyers discovered the Dubai market, a massive inflow of capital flooded into the region. Today, however, we are witnessing market maturity: demand has become more deliberate, the real estate sector is stabilising, and some potential investors in the UAE have started exploring alternatives in Oman and Saudi Arabia markets, which now offer new investment residency programmes.
Ksenia Kolesnikova, Head of Sales at Tranio in the MENA region
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