AA Properties To Develop Villas On The WorldWednesday, August 04, 2010
 Dubai-based broker and developer, AA Properties has announced plans to build luxury villas and houses on The World, as it targets wealthy foreign buyers, Bloomberg has reported. The firm will award a construction contract worth between Dhs200m ($54m) and Dhs300m to Arabtec to build 12 beach villas on Taiwan Island, priced at $8.2m to $9.5m, as well as three houses. Power and water on the islands will be provided using gas generators and desalination facilities, AA Properties partner Jeroen van der Geer told the news service. Villa construction is set to begin by the end of this year with the project scheduled for completion two years later. Source: AME Info
| 
