Skip to content Skip to Search
Skip navigation

Demand for beach plots sells 80% of The World villas in days

Dubai The World Villas Amali
Prices for the villas being built by Amali on the World project range from AED50 million ($14 million) to AED250 million
  • 24 high-end homes across 11 hectares
  • ‘In Dubai there isn’t any beachfront left’
  • Prices for villas from $14m to $70m

An ultra-luxe villa community planned for Dubai’s The World Islands is more than 80 percent sold only days after first being announced, thanks to the dearth of available beachfront plots in the city.

The boutique developer Amali Properties, co-founded by siblings Ali and Amira Sajwani of Damac Properties, said last week that the community will be 24 high-end homes across 11 hectares on the islands of Uruguay and São Paolo.

“Interest has been great,” Ali Sajwani told AGBI on Friday. “We have a wide array of clients, Europe, India, some clients from the US, Middle Eastern clients and North Africa.”

Sajwani said the lack of waterfront lots for development elsewhere in the city has made the World Islands villas increasingly appealing to companies going after the wealthiest individuals and families.

“If you look at the coast of Dubai today, there isn’t any beachfront left. The only real option if you want to develop beachfront moving forward is going to be in places like the World Islands,” Sajwani said. 

“You have beautiful beaches, you have crystal clear waters. I think a lot of very high-end projects will end up coming to the World Islands.”  

The World Islands’ map-shaped development, which launched in 2023, has struggled to take off with the ups and downs of the real estate sector as well as the costs involved in having to build all necessary infrastructure and utilities from scratch. 

The government-owned developer Nakheel is in the process of redesigning the area, and has recently received contractors’ bids to reclaim some land and combine the 300 stand-alone islands into continents.

Dubai The Wolrd villasAmali
The community will feature 24 high-end homes across 11 hectares on the islands of Uruguay and São Paolo
Most exclusive

Ultimately, Sajwani envisions the area becoming something of a Star Island, the “most exclusive” address in Miami and the most expensive neighbourhood in the entire US. 

There the typical home went for more than $40 million in 2022. Madonna, Sylvester Stallone, Shaquille O’Neal and other celebrities have all called the man-made island in Biscayne Bay home at one point or another.

Sajwani said Amali Properties aimed to complete the new World villa community in the first quarter of 2027. Prices for the villas range from AED50 million ($14 million)  to AED250 million.

He said he would draw on his recent experience developing a forthcoming Mandarin Oriental resort on a similarly undeveloped island in the Maldives in building the villas, amenities and infrastructure, from water treatment to power generation facilities. 

Latest articles

Investment app Sarwa had more than 180,000 registered users by the first quarter of 2023

Investment app Sarwa fined by Dubai and Abu Dhabi regulators

Investment platform Sarwa Digital Wealth has been fined AED1,151,000 ($313,500) by regulators in Dubai and Abu Dhabi for offering shares and securities without an approved prospectus. The Dubai Financial Services Authority (DFSA) said on Tuesday that it had imposed a penalty of AED701,815 on the fintech.  On the same day, the Financial Services Regulatory Authority […]

UK Prime Minister Rishi Sunak said the pledge ' sets a precedent for global standards on AI safety'

UAE joins AI safety pledge at UK-South Korea summit

Two artificial intelligence companies from the UAE have signed up to a new AI safety pledge and have committed to safe development of the technology. Abu Dhabi’s Technology Innovation Institute and G42 are among 16 names on the safety pledge that also includes Amazon, Google, IBM, Meta, Microsoft, OpenAI and Samsung. The announcement was made […]

Turkey FAB Yapi Kredi

First Abu Dhabi Bank targets Turkish lender

One of Turkey’s largest corporations has confirmed it is in talks with First Abu Dhabi Bank (FAB) over the sale of a majority holding in the Istanbul-headquartered lender Yapı Kredi, the country’s fourth largest private bank in terms of assets.  A report by Reuters on May 21 said sources told it FAB was offering around […]

Bruno Le Maire said France was also ready to help the UAE develop its own nuclear power plants

France ‘open’ to UAE investing in its nuclear plants

The French government is open to the UAE investing in the country’s nuclear power sector, its economy minister has said. Bruno Le Maire spoke to journalists in Abu Dhabi ahead of talks with Sultan Al Jaber, the UAE minister of industry and advanced technology, and Khaldoon Al Mubarak, chief executive of investment fund Mubadala and […]