#ON HOLD: THE WORLD

[jonny.rotten13]

I would have thought the island would be for sale at a discount not a premium. Lots of costs to get infrastructure there too.

[amplesou]

Originally Posted by jonny.rotten13

I would have thought the island would be for sale at a discount not a premium. Lots of costs to get infrastructure there too.

no we won,t need any of that expensive infrastructure !
we ,ll be self suffient you know eco friendly !

[RedWayne28thfloor]

Originally Posted by amplesou

I am thinking about putting an offer in for one of the islands on the world !

Don,t mind which one ,not important from where i am standing !

they all look the same to me !!

Maybe south africa, yeah i could make that work !

which ever is cheapest i think!

I need in principal to agree to buy

Then i need oh i know half a page in the gull news to advertise (freebee part of the deal ) times 4

If any body want in just post me here !

there a bit of a catch !

there,s to be no permanent building on site only static vans holiday homes etc !( oh and boats yeh there ok! )

any thoughts or early commitments at this stage most welcome !

My expericence is some what limited but how hard can it be ?

I bet Select would love to get rid of France or Spain which they bought during the boom!!

[amplesou]

i just like to tell everyone my eco world idea is on hold !

[Parisian Girl]

Villa construction begins on Germany island at The World

First phase of luxury houses set for completion later this year

# By Arno Maierbrugger, Deputy Business Editor | Published: 00:00 June 29, 2010


Josef Kleindienst, CEO of Kleindienst Group, and Deepak Aroroa, CEO of City Diamond Construction, at The World site.

Image Credit: Supplied

Dubai: Property group Kleindienst yesterday announced that construction of the first villas on its Germany island at The World has commenced.

"Compaction at the island of Germany has been completed, now we are starting with the ground works on 13 villas," Josef Kleindienst, CEO of Kleindienst Group, told Gulf News.

Kleindienst has appointed Dubai-based City Diamond Contracting to build the villas, mostly five to six bedroom mansions with a size of 4,500 square feet.

"Twelve villas have already been sold to European buyers," Kleindienst said.

"One villa I will use for myself and my family." The buyers originate from Germany, Sweden, Austria and Luxemburg, Kleindienst added. Seven villas on Germany island are still for sale.

Construction of the first luxury villa is scheduled for completion in the fourth quarter of 2010.

It will be used as an example for the project to enable investors to select the premium fixtures and finishes for their holiday homes. The entire 20 villa development on Germany island will be handed over in 2011,

Buyers immediately receive their title deed and will also enjoy a bank guarantee during the payment process, Kleindienst said. The entire development is enjoying freehold status.

"All buyers chose the big-sized villas at a basis price of Dh3.5 million and are adapting it according to their personal taste," Kleindienst said.

The price for the plot at Dh300 to Dh500 per square foot adds to this.

For the time being, the island is self-supporting in terms of power and water. A solar plant delivers electricity, and water is stored in tanks.

Connecting islands

"There are talks between Dewa and Etisalat to connect the islands with supply cables, but I am not sure when this will happen," says Kleindienst.

Dewa is also rumoured to be mulling the construction of a desalination plant for The World, he added, but no plans have been released yet. Kleindienst's project at The World comprises of six islands called The Heart of Europe.

Parallel to the works on Germany island, the group will start with Monte Carlo island, which is planned to become a luxury entertainment resort or a "party island", as Kleindienst puts it, set to open this year.

Further on, construction on the islands of Switzerland, Sweden, St Petersburg and Austria will be launched.

The anticipated completion date for the entire project in 2015, Kleindienst said. When complete, The Heart of Europe will house 75 private holiday homes, six apartment buildings, six hotels, six lighthouses and six floating palaces as well as a diverse range of retail, entertainment and food outlets.

The development of The Heart of Europe will eventually cost Dh3.1 billion.

Ten per cent of the investment amount has already been paid to developer Nakheel, Kleindienst said.

Several other instalments up to 30 per cent of the entire costs will be paid by Kleindienst Group until 2012 in accordance with a payment plan. For the remaining 70 per cent, he will be looking for additional financing, Kleindienst said.

Funding expenses

"We are going to pay all the bills out of our own pockets until 2012, as funding is too expensive at the moment. There is a comprehensive payment plan, and Nakheel is very supportive to us."

Apart from Kleindienst's acitivities, it remains rather quiet on the other islands surrounding The Heart of Europe.

One developer has started work on Lebanon island to establish a beach club, Kleindienst said. Three other developer have said that they will commence construction "shortly" on eight other islands, he says, "but I am not sure how serious they are."

Kleindienst Group, originally launched in Austria and Hungary in 1996 as a property broker and investor, was established in Dubai in 2003 by Austrian Josef Kleindienst and has grown from two to 25 staff responsible for several developments and real estate investments in 11 countries. >> Gulf News




Looking forward to seeing what progress they can make this year.

[jonny.rotten13]

The above makes it sound interesting with villa price about the same as current PJ garden homes, but very suspicious. Have to wait and see the completed villa as it says by end of this year for investors to actually see first,

[Dubai_Steve]

Germans first on the beach as usual Good news.

[jonny.rotten13]

Originally Posted by Dubai_Steve

Germans first on the beach as usual Good news.

What is the reputation and track record of Kleindienst then in Germany

[MANUTD]

Originally Posted by Dubai_Steve

Germans first on the beach as usual Good news.

Might be the first handing in the towel too ?

[Josau]

For those who like a little bit of history:
Way back Sheikh Mo was driving out to the beach, where JBR is today. There was nothing, but a group of Germans in the sweltering heat and he asked them, what they were doing. They answered, that they just love the heat and the beach and that at home it was often very cold. This gave Sheikh Mo the idea to develop tourism and the beach area at Jumeirah.
So if this is true, it's all because of the Germans, lol.

[Richard Head]

Originally Posted by Josau

For those who like a little bit of history:
Way back Sheikh Mo was driving out to the beach, where JBR is today. There was nothing, but a group of Germans in the sweltering heat and he asked them, what they were doing. They answered, that they just love the heat and the beach and that at home it was often very cold. This gave Sheikh Mo the idea to develop tourism and the beach area at Jumeirah.
So if this is true, it's all because of the Germans, lol.

Even by German standards, putting your towels out 15 years before anyone else gets there is a little extreme

[Parisian Girl]

Josef Kleindienst, chief executive of the Kleindienst Group, on German island on Dubai's The World project. Workers take a break from construction.
The first villas on the island are now being built.


Construction Week, sister magazine of Arabian Business, talks to the men behind the project.
The first villa is due to be completed in the fourth quarter of this year and the twenty villas are due to be handed over to buyers next year.


Kleindienst talks about the project. The German construction company is the first to officially start work on the project.
The Heart of Europe development consists of six islands on The World, an archipelago of 300 manmade islands built in the shape of a map of the world and located 4km off the Dubai coast. (ITP Images)

>> Arabian Business

[Imre]

found on the dubizzle:

Italy Island Plot
AED 83,520,168.36
Size: 435463 SqFt



Description
Modern day Italy is a land of rich with a centuries old heritage of world leading excellence in the good things in life:
– Architecture
– Design and Fashion
– Cars
– Painting and Sculptures
– Music and Theatres and so on from da Vinci and Michelangelo right through to Pavarotti
Accordingly the Island presents a huge opportunity to create all the very best of good living in Italy in a fresh, exclusive contemporary context and to position it as the ultimate expression of social elite and luxury living.
Contemporary Italy incorporating the most famous heritage buildings of Italy and creating an Italian ambience. The goal is to complement the Island’s
leisure image with an Italian fashion and design gallery.
Its completed and there is a huge discount available on the original price through credit notes.

[Parisian Girl]

Josef Kleindienst surveys the ongoing work on Germany island (background) and Monte-Carlo island (foreground).

The Heart of Europe beats green on The World

by Carlin Gerbich on Jul 18, 2010

The developer behind the first villas to be built on The World archipelago says they will strive to achieve LEED platinum status, even though LEED ratings cannot be awarded to artificial island developments.

Work has started on Germany Island in The Heart of Europe, a six island development and first part of the 300 island archipelago to undergo building work. After four months of stabilisation works, final core testing of the island was completed last week and developers Kleindienst were awaiting the final go ahead to start the first construction.

Josef Kleindienst, CEO of The Kleindienst Group and its subsidiary Kleindienst Properties, the company behind the development, says that the natural environment the island development offers coupled with the need to create a self-contained infrastructure means that energy efficient systems aren’t just desirable, they’re necessary.

“For us, the quality of this place is the quality nature has to offer: the clean water, a fresh air, nice beaches, and you have to follow this quality – and you can’t build a non-green building in this kind of environment. It’s very important to follow green building ideas. Reduce energy consumption, produce energy out of solar power systems and other ideas,” he says.

Kleindienst says the company will achieve its goals through solar power and other natural sources of renewable energy, such as a new generation of small and powerful wind generators. The six island development, which includes party island Monte-Carlo, Switzerland’s family oriented hotel, Austria – an island dedicated to weddings; St Petersburg with its hotel villas and Sweden, with a large shopping centre, will be linked with its own power grid. Wind and solar power will feed in to the multi-island grid and any shortcomings would be picked up by efficient diesel generators.

While the islands may not be able to be covered with a LEED rating or certificate, Kleindienst said that wouldn’t stop them following the system’s principles in its approach to building on the islands.

“I think LEED is a starting point for a country like the Emirates. You need regulations in place, and LEED is a well known one, and it only needs to be adjusted to this market and you have a good starting point for the emirates.

“For example, in LEED, you can earn one point with having an area where you can park bicycles. This is important in Europe, and it’s important in America but definitely not in Dubai because people do not use bicycles here.”

“If you look at LEED, it is an American system and these guys understand marketing. In Europe and Germany, you would not even get building permission if you were only following LEED standards. European standards are already higher than American standards. But the Americans know how to market their standards. Europeans don’t even have a common standard.”

The first of the 20 villas in Germany Island is due to be finished by the end of the year, while work on neighbouring party island Monte Carlo is expected to be ready in time for celebrations on New Year's Eve this year. >> Source

[TMZ]

Originally Posted by Parisian Girl

Josef Kleindienst surveys the ongoing work on Germany island (background) and Monte-Carlo island (foreground).

The Heart of Europe beats green on The World

by Carlin Gerbich on Jul 18, 2010


The first of the 20 villas in Germany Island is due to be finished by the end of the year, while work on neighbouring party island Monte Carlo is expected to be ready in time for celebrations on New Year's Eve this year. >> Source

please tell me how they will build and completely finish 20 villas in less than 4 months, I am really interested in hearing what superman powers they will use to complete 20 mega sized villas in 4 months. if they said end of 2011 mid 2012 I would believe it more but even than I would think its bull shit like every other developer statement in Dubai.

[Dubaiiscool:)]

Thats the first villa out of 20.The frirst villa would be completed by the end of this year and the rest by end of next year.It is also 5 months that they still have left.

[Parisian Girl]

Personally, I don't give a toss how long they spend out there, or how long it takes to complete these villas! As long as they deliver what they say they can (within reasonable time frame of course) then that's all that matters imo! The next 6-12 months will be very interesting I think.

We will just have to be patient and wait and see what happens here. We've waited this long ... we can wait a little longer.

[TMZ]

Originally Posted by Parisian Girl

Personally, I don't give a toss how long they spend out there, or how long it takes to complete these villas! As long as they deliver what they say they can (within reasonable time frame of course) then that's all that matters imo! The next 6-12 months will be very interesting I think.

We will just have to be patient and wait and see what happens here. We've waited this long ... we can wait a little longer.

they say end of 2010, we are in the end of the 7th month of 2010 already...

What project in Dubai actually builds on time anyways? delays here are 6 months to 5+ years.

Hopefully they will deliver at least, this is what everyone wants, delivery, we can accept delays but as long as it gets finished without B.S excuses.

[TMZ]

Originally Posted by Dubaiiscool:)

Thats the first villa out of 20.The frirst villa would be completed by the end of this year and the rest by end of next year.It is also 5 months that they still have left.

i read it wrong, ur right but i still dont see how in 5 months.

[Parisian Girl]

Originally Posted by TMZ

they say end of 2010, we are in the end of the 7th month of 2010 already...

What project in Dubai actually builds on time anyways? delays here are 6 months to 5+ years.

Hopefully they will deliver at least, this is what everyone wants, delivery, we can accept delays but as long as it gets finished without B.S excuses.

Absolutely.

I think Kleindienst have a great opportunity here. Remember, they're the first onto The World. It's a massive gamble though, for any developer, and if they fail, then they will look like a bunch of amateurs who never knew what the hell they were doing in the first place, everyone will be only too willing to put the booth in, but if they get things right and deliver on their promises then everyone will applaud and call them heroes. That's the nature of this business I'm afraid..

Should be interesting to see how this plays out.