Jal Aashwa, AED 1 Billion Island Project by Opulence Holdings

Opulence to sculpt dream island
The National - Abu Dhabi, United Arab Emirates
Speculators have drawn ire from economists lately for driving up the prices of homes, but the founders of Opulence Holdings represent another side to the story.

The three Indian investors are taking the millions of dirhams they have earned in the high-speed UAE resale market and using it to sculpt an island in the shape of a seahorse off the shores of Dubai. The Dh1 billion (US$272 million) project, called Jal Aashwa, will be located on the African "continent" of The World, an archipelago artificially created by Nakheel. ...