Thai resort planned for The World

15 September 2006
Local real estate developer Profile has purchased the island of Thailand on The World development off the coast of Dubai for AED 74 million ($20 million). The developer plans to build a AED 400 million

($110 million) residential resort on the island.

Local real estate developer Profile has purchased the island of Thailand on The World development off the coast of Dubai for AED 74 million ($20 million). The developer plans to build a AED 400 million

($110 million) residential resort on the island.

Known as Jasmine Garden, the development will involve the construction of a spa, nine beach villas, 56 studio suites, 56 one-bedroom duplexes, nine four-bedroom beach or water villas, and 10 private yacht berths. The resort will cover an area of 25,000 square metres of which 36 per cent will be built-up, 38 per cent will be beach area and 27 per cent will be landscaped. Construction is expected to take 30 months, and will start in mid-2008 once master developer Nakheel, part of Dubai World, has handed over the island. Miami-based Barmello Ajamil & Partners is the design consultant for Jasmine Garden.

The project joins a growing list of schemes planned for the

303-island man-made archipelago. In 2005, Kuwaits Investment Dar and its major shareholder, EFAD Holding announced plans to develop Australasia (MEED 15:4:05).

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