The wealthy prince Sheikh Mohammed bin Rashid Al Maktoum, the crown prince of Dubai has gifted the already rich former F1 racer his own piece of “The World”.

Situated off the coast of the United Arab Emirates, “The World” is a grouping of man-made islands developed to look like a map of the Earth.

Valued at roughly $7 million, Schumacher’s island will be located in the southern hemisphere, part of the “Antarctica” island cluster, when completed in a few years, presumably before the Michael Schumacher World Champion Tower in Abu Dhabi is completed.

Designed and developed by Dennis Ingemansson, the Dubai Sea Limousine is an idea based on the “The World”- a man-made archipelago of 300 islands constructed in the shape of a world map and located 4 kilometers (2.5 miles) off the coast of Dubai.

Since access to all these islands, which are currently under construction, from the coast and also amongst themselves is only by water, this ambitious new taxi service seeks to become the sort of marine transportation between artificial islands.

Powered by sun’s energy, it comes with solar cells integrated in the window skin and moves forward with the help of a hovercraft.

Zaya, a Abu Dhabi-based real estate company has launched its first of many property ventures; Nurai, a spectacular private community of limited edition resort beach-front estates and water villas on a natural island off the coast of Abu Dhabi.

Derived from the Arabic word “nour” meaning light, Nurai is surrounded by clear waters and ringed with pristine sandy beaches. Lying immediately northeast of Abu Dhabi, the island is set in isolation away from the hustle and bustle of city life yet is within minutes from the mainland.
People interested in resort beachfront estates will have their choice of two designs - ‘The Shoreline’ or ‘The Seaside’.

The Shoreline estates will consist of six bedrooms, seven bathrooms, private beach and rooftop garden with a total build area of 12,275 square feet.

Similar in size, but with five bedrooms and six baths, will be The Seaside estates. No detail has been overlooked. Each resort residence includes luxurious amenities such as a private beach and garden, infinity swimming pool, concealed service quarters and outdoor showers.

The resort is due to open in 2010 and the prices for the residences start at €20 million ($30 million)

Via zawya

Sir Richard Branson’s famous Necker Island, a 74 acre paradise in the British Virgin Islands, can be rented for $47,000 a night for up to 28 guests.

If that sounds a little steep, there are certain times when you can rent rooms in one of the island’s six guest houses starting at $23,500 a week.

Amenities on the island include two freshwater pools and Jacuzzi, tennis courts, water sports, fishing, spa and everything that can be expected on the ultimate idyllic island paradise.

At 1500ft (450m) high, the Crystal Island project won’t be the tallest piece of architecture on the planet, but covering 27 million sq ft (2.5 million sq. m) of floor space, it will be gimungeous.

Basically, the structure in Moscow will be a city within a building and will have its own weather system. London’s prestigious Foster + Partners have designed the mega-structure incorporating solar and wind energy systems, making it eco-friendly.

The $4 billion dollar structure that looks like an enormous crystal Christmas tree will have 3,000 hotel rooms and 900 apartment units. Other amenities include an international school, a theatre, cinemas and a sports centre.

For comparison, the Burj Dubai, the structure that holds the record for world’s tallest building (810+m) for the foreseeable future will contain about 3,595,100 sq ft (334,000 m²) when completed. So, the Crystal Island project will have 7.5 times the indoor space.

It’s expected to be completed between 2012 and 2013.

Now here you have an opportunity to turn your dream of owning your own private island, only if you have spare $5.5 million to invest.
Eden Beach in Bora Bora is throwing a perfect investment prospect for all Richie-rich, who are used to inking such deals.

Opened in September, 2001, this the 9.3-acre private island has long been a hotel and resort, fully developed and enticing to potential visitors and customers. The estate also features a huge house followed by 16 miniscule bungalows.

The presence of two giant beaches surrounding it; one on a glittering lagoon and the other on the Pacific adds a ton to its beauty. This beach can be used for marketable or private purposes.