As the global economy tightens its belt, the world’s most dramatic real estate venture begins to trim some of its own fat.
By Scott Kauffman
Continue reading Why Dubai Is Being Downsized
The island of V…Greece on the World is a 485,000- square-foot development by V Resorts Limited. Designed as a ‘village by the sea’, there are 65 living spaces situated with in ocean waterways or garden vistas. Amenities include a spa, fitness center, shops, restaurant, business center and private moorings. The full-ownership structure gives property owners 60 days use of their residence per annum at no charge. Investors have the opportunity to rent their ‘hotel suite’ the rest of the year. Prices range from $3 million to $8 million. The project, which broke ground in February, is slated to be complete in 2011. www. v-greeceontheworld.com