Apartments for sale in The World Islands

Many have dreamt of having their own private Island. But this fantasy can be out of the question, as a private island can cost several million dollars. However, the next big thing is just as exciting, which comes in the form of owning an apartment in the World Islands. The World Islands are a group of small Islands 2km away from the coastline of Dubai. They are a set of individual Islands developed to resemble various continents across the globe. This Dubai real estate project was initially announced in 2003 but construction was halted due to the 2008 economic crisis. However, construction eventually resumed and many buildings have been completed on some of the ‘continents’. As a result, developers have now begun offering apartments for sale here, as well as other types of properties in the World Islands, including villas and commercial buildings.

Types of Apartments in the World Islands

The most basic World Islands apartments for sale come in the form of a studio. Aside from the 460 sq. ft. of living area, there are also 2-bathrooms in most studio flats. For those interested in buying something larger, a 1-bedroom apartment for sale in the World Islands will have 1-bath with 720 sq. ft. of residential space. A larger, 2-bedroom flat can be expected to have 3-bathrooms all enclosed in a space of 4,005 sq. ft. These apartments can be considered great honeymoon loft due to their glamorous location.

Sale Price Trends for Apartments in the World Islands

For those looking into just buying a studio in the World Islands, you can expect to pay an amount of AED 1.3 million. There is also the option to obtain a mortgage if you want this property. The loan can be obtained at an APR rate of 3.24%, topped with a down-payment of AED 325,000, the payment plan will result in the monthly amount of AED 4,746 for 25 years. A 2-bedroom apartment in the World Islands will, on average, demand a price of AED 15 million. Some 2-bedroom apartments will come fully furnished, and may also come with a butler. Buyers can also customize their homes by mixing and matching various interior themes.

Lifestyle in the World Islands

For people who are considering apartments for sale in the World Islands, commuting to and from mainland Dubai would require them to take a boat or ferry. Nearby places of interest include the Mercato Mall and Sunset Mall. Residents can take a sea craft to Jumeirah, where they can visit several restaurants, such as Buffalo Wild Wings and The Hamptons Café. Moreover, there is also a Spinneys Supermarket in the Umm Suqeim community in Dubai. You can also find several pubs in close proximity; residents can visit places such as the Double Decker Pub and the Beach Bar. In terms of health and safety, residents of the World Island can get to hospitals and clinics such as the Snowdonia Medical Centre, Sama Sante Medical Centre and many others in a matter of minutes via boat or ferry.

Reasons for Investing in the World Islands

After construction halted in 2008 no one knew whether this ambitious project would ultimately finish. Nonetheless, since 2008, a series of private investors have begun building on the Islands and things are slowly taking shape. Several builders have begun constructing buildings, where they plan to offer luxury flats for sale. Most notably, millions have been invested in the European sector of the Island, where for the first time the World Island apartments for sale have been made available. There are also hotels and apartment buildings adjacent to the area that are ready to be occupied. Currently, the area is largely underdeveloped. However, once it is fully developed the demand is expected to rise. Therefore, if one is serious about owning a flat here, now is the time to get in touch with a realtor and begin looking at apartments for sale in the World Islands.