VC Bank resort, The World

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VC Bank resort, The World

Postby shawarma » 22 May 2008, 11:29

  • Property name: VC Bank (Venture Capital Bank of Bahrain) luxury resort development in North Asia area of The World, actual name unknown (as of 20 May 2008)
  • Development: The World by Nakheel
  • Location: Northern Asia island
  • Emirate: Dubai
  • Completion date of construction (expected or actual):
  • Completion date of construction (scheduled): end 2010
  • Start date of construction: 2008?
  • Project value: AED 1.5 billion
  • Area (size): 90,000 sq m (island area according to 20 May 2008 press release)
  • Developer: World Development Company Limited
  • Consultants:
  • Architect / Designer:
  • Project manager:
  • Construction firm:
  • Main/exclusive sales agent:
  • Apartment types (studio, # bedrooms): studio 1 bedroom 2 bedrooms (unless they're small villas - not clear from press release)
  • Villa types: 2-4 bedrooms (or possibly studio-4 bedrooms, and suites)
  • Foreign / Expat Ownership: not clear from press release if units available for private ownership, or only as hotel resort accommodation
  • Residence visa included for expats: presumed yes if unit ownership possible
  • Payment Plan:
  • Mortgage finance from:
  • Unit sizes (excluding/including balcony):
  • Unit prices (Original Price / OP):
  • May 2008 prices:
  • OP per square foot:
  • May 2008 price per square foot:
  • Telephone: Hazim Sarraf of is listed on press release (tel +971-4-3444462), or try info @, tel +973-17514451 (Bahrain)
  • Website: (nothing on site related to The World development as of press release date 20 May 2008, but try looking for the "Investment Portfolio" page - there is at least a heading there so far), neither is there anything on
Other facilities and information

  • Accommodation includes 133 villas. Following accommodation choices are planned:
    • Sunset Beach villas (three and four bedroom) on the beach
    • Canal View villas (two bedroom) with exclusive yacht berths
    • Garden View villas (two bedroom)
    • Lagoon Homes (suites, studios and 1 and 2 bedrooms) on the beach
    • Water Homes (suites, studios and 1 and 2 bedrooms)
  • Yacht dock for 25 boats
  • Two beachs - one facing east and the other west
  • Spa units will have sea views (which ones are the Spa units - Lagoon and Water homes?)
  • Spa club
  • Restaurants (2)
  • Sunset Lounge (presumably a bar) pages with related information

Please reply to this topic with relevant information and this first post will be updated. If quoting this post, please remove unnecessary information. Thanks :)

In general, for all UAE property developments, information given here is usually based on information supplied from press releases, media reports, company marketing, and may not be independently confirmed. Unit sizes are unlikely to be vastly different but layout and design could change. Actual completion date could be months or even years later than promised delivery dates.
Please use the forum for questions, not the PM system.
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