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Seven Tides seals $3.2bn deal to build luxury villasDubai-based property developer Seven Tides has signed a $3.2-billion agreement with the Philippines’ Revolution Precrafted for building condominium units and hotel villas on one of the artificial islands in The World Islands in Dubai. More… |
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Dubai acquits five in World Islands caseA Dubai criminal court acquitted on Sunday five suspects in a corruption case involving the World Islands project developed by Dubai's Nakheel, without specifying the reasons for its decision. The court also announced the expiry of a crimi More… |
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The World islands not sinking: NakheelDubai developer Nakheel has denied a report that its 300 man-made islands shaped like a map of the world are sinking, calling it "wholly inaccurate." The archipelago sits in the Gulf off the coast of Dubai. Reclamation work on the islands More… |
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Development to start on Nakheel's World islandsDevelopment on Nakheel's The World islands, one of the assets the troubled state-linked developer may look to sell amid a debt crunch, is slated to begin within months, according to a newspaper report on Thursday. Nakheel's parent More… |
