$350 MILLION WORLD ISLAND RESORT ANNOUNCED

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Limitless, the Dubai-government-owned developer, is to create, own and operate a US$350 million, 10.5 hectare ultra luxury resort on a man made island 14km from the Dubai coastline, the company announced today.

World Island Resort - on the north-east perimeter of The World development - is the tenth project for Limitless and the latest addition to its growing global portfolio, currently worth more than US$100 billion. It will be showcased at Cityscape Dubai next month.

World Island Resort will comprise 53 villas and water homes. Among them, 23 privately-owned villas, ranging from 650 to 820 square meters, offered for sale by invitation. Each will have a beachfront location or sea frontage with a private jetty, summerhouse and mooring facilities, and will come with its own spa treatment room, swimming pool, rooftop garden with outdoor kitchen, landscaped ground level garden overlooking the sea and internal elevator. The villas will be serviced by the hotel and can be leased back to the hotel when they are not being used by their owners.

The hotel - the first of several luxury hotels planned by Limitless - will focus on health, wellness, relaxation, world-class cuisine and the arts. It will feature a 2,000 square meter spa; an amenity building including specialty restaurants, art galleries, auction rooms, conference facilities and libraries; and luxurious accommodation in 30 villas or ‘water homes.’

At its center of the island will be a lagoon with water features and a social clubhouse. There will also be a reception suite on the Dubai mainland - residents will reach the island by a private boat.

According to the Limitless press release, the World Island Resort ‘will be constructed in line with international sustainability and environmental standards.’ Although, once again, I have yet to ascertain the meaning of the word ‘sustainable,’ and there are no details available regarding the environmental standards, or how this can be applied to an artificial island built by shock dredging with no regard to the environment, where every single visitor is ferried by private motor yacht to the island.

Saeed Ahmed Saeed, CEO of Limitless, said: ‘In delivering World Island Resort we will draw on our expertise in waterfront development and the creation of distinctive projects that enhance and enrich people's lives.

‘World Island Resort will set a new global benchmark in the design and operation of luxury resorts. It is the flagship for Limitless' waterfront hospitality developments and the launch pad for a range of high-end hotels we are planning in other waterfront and city locations.’