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World Development Company
Offering Size: USD 36 million
Country: United Arab Emirates
Nature of Investment: Residential/Leisure
Year: 2007
World Development Company Limited (WDCL) is a 50:50 joint venture between VCBank, investors, and Arabian Holdings International Limited. Incorporated as a British Virgin Islands company, Arabian Holdings International Limited is wholly owned by Bright Start, a privately held Dubai-based investment firm.
The objective of the investment is to undertake a luxury residential /leisure real estate development within the iconic ‘The World’ master plan in the Emirate of Dubai in the United Arab Emirates. The 900,000 ft2 (approximately) island is part of the land mass more commonly known as “Russia”.
Achievements to date include the appointment of all consultants, completion of reclamation, design approvals from the master developer (with complimenting comments) and the execution of a successful sales strategy whereby 20% of the Project has been pre-sold.
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Offering Size: USD 36 million
Country: United Arab Emirates
Nature of Investment: Residential/Leisure
Year: 2007
World Development Company Limited (WDCL) is a 50:50 joint venture between VCBank, investors, and Arabian Holdings International Limited. Incorporated as a British Virgin Islands company, Arabian Holdings International Limited is wholly owned by Bright Start, a privately held Dubai-based investment firm.
The objective of the investment is to undertake a luxury residential /leisure real estate development within the iconic ‘The World’ master plan in the Emirate of Dubai in the United Arab Emirates. The 900,000 ft2 (approximately) island is part of the land mass more commonly known as “Russia”.
Achievements to date include the appointment of all consultants, completion of reclamation, design approvals from the master developer (with complimenting comments) and the execution of a successful sales strategy whereby 20% of the Project has been pre-sold.
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