Ali and Amira Sajwani, the children of billionaire Dubai property developer Hussain Sajwani, have unveiled a bold plan to breathe new life into the abandoned World Islands project in Dubai. Their innovative project, Amali Island, aims to revitalize the once-troubled development by constructing 24 luxurious mansions, a beach club, and two helipads.
Building the Dream: The Vision of Amali Island
At the core of the Amali Island project are the 24 beachfront villas, with 19 already sold and the remaining villas fetching prices starting at $13.6 million. Each villa offers a lavish living space, with one of the unsold properties featuring seven bedrooms spread across 22,500 square feet on a sprawling plot of 56,000 square feet.
A Family Legacy: The Sajwani Empire
Hussain Sajwani, the father of Ali and Amira Sajwani, stands as one of the wealthiest individuals in the United Arab Emirates, with a staggering fortune exceeding $5 billion, as reported by Forbes. As the chairman of Damac Properties, a prestigious luxury real estate developer founded in 2002, Sajwani has made a name for himself globally, particularly for his close business relationship with former US President Donald Trump.
The Trump Connection: A Business Partnership
Collaborating with Trump in 2013, Sajwani's Damac Properties and the Trump Organization joined forces to create a Trump-branded golf course designed by legendary golfer Tiger Woods. Sajwani's vocal support for Trump's policies, including the trade war with China, underscores the strong bond between the two businessmen.
Reviving The World Islands: A New Beginning
The World Islands project, initiated by state-backed developer Nakheel Properties in 2003, faced setbacks during the 2008 financial crisis, leading to the abandonment of many of the artificial islands. The Amali project aims to breathe fresh life into this ambitious endeavor by connecting the islands representing Uruguay and São Paulo.
In conclusion, the Amali Island project spearheaded by Ali and Amira Sajwani represents a bold and visionary attempt to revive Dubai's World Islands, showcasing the family's commitment to innovation and luxury in real estate development.
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By: gglover@insider.com (George Glover)
Title: Reviving Dubai’s Abandoned World Islands: A Billionaire’s Kids Plan Beachfront Mansions
Sourced From: www.businessinsider.com/dubai-real-estate-billionaire-mansions-world-islands-donald-trump-2024-5
Published Date: Sat, 25 May 2024 12:06:01 +0000
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