The resuscitation of this project for the super-rich is a reminder of who the nation is attracting
Seabirds screeching overhead and sun bouncing off his pristine white kandura, Ali Sajwani surveys his dominion from behind mirrored sunglasses. The property scion and billionaire’s son, 33, has paid over Drh500mn — more than $130mn — for this pair of empty islands lying off the coast of Dubai. The land is younger than he is. Created by state-run developer Nakheel when Sajwani was around 12, this peculiar neighbourhood is known as the World Islands.
Azure water laps the shore as Sajwani gazes out to a palm-fronded enclave where Dubai’s royal family has a palace. Conservationists worry about the artificial islands’ impact on marine life, but he says local authorities are enforcing tough environmental standards. Dubai’s property prices have soared, partly thanks to the war in Ukraine, which propelled many Russians here, but also because of the pandemic.
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