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It’s relatively quiet for UAE in the news, save for one Bloomberg feature on the Sajwani siblings, the heirs of the Damac business, and their efforts to revive a more than a decade-old plan to develop an artificial archipelago — “The World” island — into luxury beachfront real estate through their own venture, Amali Properties. Plans to develop the island had stalled following the property market correction in Dubai in 2008.
A revival of the archipelago luxury community?
The heirs of the Damac Properties business are developing 24 mansions on a strip of the
