Dubai starts work on huge resort on man-made islands
DUBAI (REUTERS) - A property developer has started building a huge resort complex on a man-made archipelago off Dubai's coast as the emirate revives tourism and real estate projects suspended after its property market crash in 2008.
The "Heart of Europe" project, a complex of luxury hotels and villas stretching across six small islands, is expected to be completed at the end of 2016, the Kleindienst Group said on Monday.
Lying about 5 kilometres off mainland Dubai in the Gulf, it will feature classic Italian, Spanish and German architecture as well as landscaped gardens and streets that in some cases will be lined with artificial snow, the company said.
Kleindienst, an international developer based in Dubai, declined to reveal how much the project would cost or how it would be funded, saying an announcement on this would be made next month. Local press reports have put the cost at over $800 million.