An island on Dubai’s The World to be sold at $11million


If all you ever wanted to do was buying a piece of The World island but were caught up in the ‘no flipping’ diktat by Nakheel, it’s time to celebrate. At least 20,000sq meters of the island is now up for grabs at $11 million. But it’s not so straightforward. The sale will happen subject to Nakheel ‘s approval. Talking about the ‘re-sale’, a Nakheel spokesperson said: “Flipping is not allowed for islands on The World. The question is whether Nakheel will accept the new owners,”.
[Business24-7]

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