Plans were unveiled on Saturday to build an archipelago of artificial islands forming the continent of Australasia as part of The World development off the coast of Dubai.
OQYANA Real Estate said it has signed a deal with floating island expert Dutch Docklands to create a series of private island villas within the OQYANA World First development.
OQYANA World First is the developer’s flagship project and comprises high-end villas opening up onto private beachfronts, contemporary seaside apartments and hospitality and retail elements.
OQYANA is derived from the Arabic word for Oceanic, a statement said, adding that the deal will see Dutch Docklands create a series of private islands which will house just one villa each.
“Our vision has always been to be leaders in the idea of The World, and it is now the right time to recommence activities and turn concepts into reality. Dubai has always been the right destination for such projects and we will work together to be an integral part of Dubai’s real estate sector,” said Zeyad Abdullatif Janahi, chairman of OQYANA Real Estate Company.