SafMus Holdings of Dubai has purchased the island of Great Britain in Dubai’s The World development. The sales price for the 11 acre island is a reported US$ 63.3 million. The developer plans to construct a mix of residences, hotels and commercial projects on the island with a reflection of British architectural influences.
Safi Qurashi, a partner in the venture, grew up in London and notes that the island is still in the very early stages of its design and development. The project is planned to take four to five years to finish.
“We want it to be environmentally friendly. We don’t want it to be an island just for the super-rich,” Qurashi added.
“We want people to take pride in owning something and that it is instantly recognisable as the island of the UK. We want people who sail past it to instantly know this is the UK island.”
The other partner in SafMus Holdings is Mustafa Nagri, and the company also owns the island of Moscow in The World development.
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