Brangelina invest in Dubai

Brad pitt and Angelina Jolie have reportedly invested in Dubai’s The World offshore development. According to sources in Dubai, the Pitts have bought an artificial island of their own to “encourage people to live a greener lifestyle,” *chokes on his coffee*. Why they can’t just coma out and say, “we want to make money investing in international property ,” is beyong us.

The World is a man-made archipelago of 300 islands in the shape of a world map being built off the coast of Dubai. The World is one of a series of artificial island projects in Dubai, along with the Palm Islands, and like the other islands The World is being built primarily using sand dredged from the sea. The only access to the islands is by seaplane, boat or helicopter. Nakheel properties are doing the construction work.

Each island ranges from about 14,000 square metres (150,000 square feet) to 42,000 square metres (450,000 square feet). The distance between each island will be an average of 100 metres (328 feet). The entire development will cover an area of 9 km in length and 6 km in width, surrounded by an oval breakwater. 232 km (144 miles) of shoreline will be created upon completion, sometime in 2008.

According to the National Geographic Channel the overall cost of the World will be around $14 billion. Individual islands sell for between $15 and $45 million. Dredging for the project began in 2004. By May 2007, 45% of the islands had been sold, 20 of which were bought in the first four months of 2007. As of early October 2007, land reclamation was “nearly complete” and was expected to be finished in 2008. Once that occurs, owners will be able to construct their own developments and properties.