A project milestone not only for the Kleindienst Group but for the entire World archipelago, Chief Executive Josef Kleindienst was joined by Nakheel Executive Chairman H.E. Sultan Ahmed bin Sulayem for the official ground breaking ceremony.

Construction has started just one week after FCG’s appointment, confirming earlier claims by Kleindienst that offshore logistical requirements of developing on The World will not hinder progress.

“Exactly two months ago we launched Germany Island with a clear promise to start construction in Q1 of 2010. I am very proud to say we are delivering on that promise. Today FCG started critical foundation stabilisation work. By the end of this year you will start to see the first villas on The World, one of which will be my own home,” said Kleindienst.

“While we are the first developer to begin construction, we are aware of several more that are not far behind us. The World project is very real, it is taking shape as we speak and I firmly believe that when complete it will become the most expensive property in the emirate of Dubai,” he added.

Commenting on the Kleindienst ground breaking, H.E. Sultan Ahmed bin Sulayem said, “On behalf of Nakheel and everyone involved in the creation of The World, I would like to congratulate Mr Kleindienst on this important milestone. We look forward to the successful development of Germany Island into another world class destination in Dubai.”

The soil improvement operation, called ‘vibro-compaction’, involves the use of electric depth vibrators that mechanically agitate and lock the sand particles together down to seabed level (a depth of 18 – 20 metres), to ensure that all construction on the island is stable and sound. The technique is recognised internationally and is a standard procedure in the densification of reclaimed land.

Since The Heart of Europe launched in December 2009 Kleindienst Group has sold 11 villas on Germany Island.

The paper quotes the company response as, ‘Nakheel continues to evaluate its projects and commitments against market conditions and opportunities. In doing so, the company also evaluates its cost base and efficiencies.’

Nakheel Properties is a state-owned property developer. Major construction projects include the Palm Jumeirah, Palm Deira, Palm Jebel Ali, The World, Jumeirah Islands, Ibn Battuta Mall, Discovery Gardens, International City, and Al Furjan.

Reflecting reality, it will surround one of Nakheel’s other iconic developments, the World, and is expected to take around 20 years to complete.

Sultan Ahmed Bin Sulayem, Executive Chairman, said ‘Dubai has always been a city that looks forward and the planned development of The Universe will satisfy the future demand for further waterfront investment opportunities and development in Dubai. The real estate market is driven by the dynamics of demand and supply – The Universe will be a phased project that will evolve to meet future demand.’